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  • Will You Add? - Perfecting the Art of Closing

    Small Business Marketing Secrets: A Cold Calling Refresher
    I once had a sales manager whose idea of giving us leads was to throw a phone book at us and say, "Start calling!"He didn't care whether the people we were calling had any interest in what we were selling. He just wanted us on the phone pitching the product.Thankfully this type of cold calling is becoming a thing of the past. I call it "blind" cold calling because it is completely blind to the prospect's potential interest in the product or service. It pays no attention to what the prospect might want because it's focused entirely on what the salesperson wants.I believe cold calling is still a valid way to generate leads. But it is best used under certain conditions.One condition is that, as a seller, you are able to gather enough information about your leads so you have a good reason to call them. Because of your research, it's reasonable to expect they would have an interest in your product or service. If you cannot honestly make this statement, then you should not
    salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and lis

    Ten Customer Service Secrets to Win Back Customers
    Recently I was facilitating an Outstanding Customer Service program and broke for lunch. Knowing that the restaurants in the area left much to desire as far as service I gave the students an extra fifteen minutes for lunch.Sure enough a group of four students came rushing into the classroom with their lunches in hand. They apologized and quickly explained that they received poor service at a restaurant (This restaurant is part of a national chain. Hint: The restaurant's name references a day in the week. I can’t give you the complete answer). They explained that after the waiter initially took their order, they waited 45 minutes before their food finally arrived. During the wait, no one came to check on them.Finally, when the food arrived, it was time for the group to return to class. They were not happy, so they asked to speak with the restaurant manager. The manager approached and asked, “What was the problem?” One of my students explained the situation t
    In sales, this process is referred to as “closing.” Since “closing skills” derive themselves directly from the sales industry, I’m going to discuss them within a sales context, but bear in mind that these skills are universal in their application and value.

    It is typical for a novice persuader to encounter resistance. There are as many different reasons for resistance as there are personalities, so the trick lies in knowing which closing skill to use for which person. A crucial closing concept to learn as soon as possible is that you should actually employ closing strategies throughout your entire presentation. Most people think of the close as the final wrap-up. While this is the sales point where the deal is formally and openly acknowledged as “let’s do it” or “thanks, but no thanks,” the masterful persuader builds the close in stages throughout the entire sales process. The last phase of the selling exchange is only the culminating step of several deliberate but less evident steps that have taken place beforehand. It is crucial, not only for your own good but also for your prospects’ good, to help them through this process. Incrementally moving them closer and closer to agreement is much more effective than springing it on them at the end. There is nothing worse than seeing a shocked prospect with her/his mouth wide open following the close. Waiting to lunge with your close until the very end of your sales presentation could be compared to plunging unprepared into the deep end of the pool versus wading comfortably from the shallow end to the deep end only as you feel well prepared, well informed and well instructed to do so.

    The incremental close helps avoid the old hard-close approach of the past. Remember the hard close? Old tactics used such strategies as bullying, pressuring or forcing your prospect into a decision. We’ve all experienced the hard close at one time or another. Unfortunately, some “persuaders” still employ the hard-close strategy, but when they do, they’re really not persuading at all. Even if a prospect succumbs to one of these sales tactics, it is likely with resentment, buyer’s remorse and discontinued business in the future. What’s more, you can rest assured that unbeknownst to the offending salesperson, a prospect who is bullied into a sale will deter all her/his friends and family from patronizing the business where s/he endured such treatment.

    Since studies show that how you open a sale is more important than how you close it, think of starting your close earlier on in the persuasive process. Let’s call this “collecting yeses.” We’ll discuss this concept more in-depth later on, but for the time being, what it basically means is that you concern yourself with drawing in your prospects early on. That is, you warm them up in stages until the ultimate conclusion is obvious to them and they decide for themselves exactly what you were hoping they’d decide in the first place.

    Because you’re going to focus on closing as a process that begins early on in your presentation, it is important to consider the messages you are broadcasting right from the beginning. Superficial or not, people are going to draw conclusions from their earliest interactions with you, and those first impressions tend to be the longest lasting, too. It is said that the first and most lasting impression is made in about the first four minutes of a first encounter. Hence, be sure those first four minutes are positive ones because the cement dries fast! It is extremely difficult to overcome a bad first impression. Even if you try to make up for it later on, that first impression will linger. The most obvious advice is to be sure you look professional and well groomed in any persuasive situation. In other words, dress appropriately for the setting. Next, exude confidence that is not arrogant but rather is upbeat, positive and encouraging. This positivity in your demeanor will allow your prospects, who hardly know you, to take comfort in your ability to educate them about the product or service they are investigating. Direct eye contact and a sincere smile accompanied by a firm handshake and addressing your prospects by name always help.

    I have identified what I call the “Three Rs” for solid closing. After the first impression, your next focus is to effectively weave your close throughout the entire presentation. That is, the three Rs are at work throughout your presentation, aiding your prospect in becoming more and more inclined to buy. These three Rs are reason, resources and representative. Let’s look at the first R. “Reason” must be viewed from two different angles—first, from your prospect’s and then from your own. Early on in the persuasive setting, seek to understand exactly what your prospects’ needs are. That is, determine what their reason is for coming to you or listening to you in the first place. Then, you have to give them the reason to buy. Essentially, their problem and your solution match. Do not fall into the trap that many rookie salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and lis

    Management by Deer-Caught-in-Headlights
    Tom is a childhood friend of my brother’s. He lived about four houses from us since our junior-high days, and the guys have been friends for years. After getting his degree from Purdue, Tom went to work for a steel company. The guys have another friend, Mark, who, after graduating, wound up leasing a seat at the Mercantile Exchange and later buying it.Fast-forward several years, when Tom is married with four sons. A couple other friends of their jumped on the “Merc bandwagon” and were doing quite well. By now Mark was a millionaire. Mark offered to help Tom get started working at the Merc. Of course, that would mean Tom would have to quit his job at the steel company, and still support four children and two adults.I don’t recall how long he took to consider the offer. Eventually he quit the steel company job and headed to the Merc.My brother’s friends said that for Tom’s first two months at the Merc he looked like a deer caught in headlights.I rec
    nd. There is nothing worse than seeing a shocked prospect with her/his mouth wide open following the close. Waiting to lunge with your close until the very end of your sales presentation could be compared to plunging unprepared into the deep end of the pool versus wading comfortably from the shallow end to the deep end only as you feel well prepared, well informed and well instructed to do so.

    The incremental close helps avoid the old hard-close approach of the past. Remember the hard close? Old tactics used such strategies as bullying, pressuring or forcing your prospect into a decision. We’ve all experienced the hard close at one time or another. Unfortunately, some “persuaders” still employ the hard-close strategy, but when they do, they’re really not persuading at all. Even if a prospect succumbs to one of these sales tactics, it is likely with resentment, buyer’s remorse and discontinued business in the future. What’s more, you can rest assured that unbeknownst to the offending salesperson, a prospect who is bullied into a sale will deter all her/his friends and family from patronizing the business where s/he endured such treatment.

    Since studies show that how you open a sale is more important than how you close it, think of starting your close earlier on in the persuasive process. Let’s call this “collecting yeses.” We’ll discuss this concept more in-depth later on, but for the time being, what it basically means is that you concern yourself with drawing in your prospects early on. That is, you warm them up in stages until the ultimate conclusion is obvious to them and they decide for themselves exactly what you were hoping they’d decide in the first place.

    Because you’re going to focus on closing as a process that begins early on in your presentation, it is important to consider the messages you are broadcasting right from the beginning. Superficial or not, people are going to draw conclusions from their earliest interactions with you, and those first impressions tend to be the longest lasting, too. It is said that the first and most lasting impression is made in about the first four minutes of a first encounter. Hence, be sure those first four minutes are positive ones because the cement dries fast! It is extremely difficult to overcome a bad first impression. Even if you try to make up for it later on, that first impression will linger. The most obvious advice is to be sure you look professional and well groomed in any persuasive situation. In other words, dress appropriately for the setting. Next, exude confidence that is not arrogant but rather is upbeat, positive and encouraging. This positivity in your demeanor will allow your prospects, who hardly know you, to take comfort in your ability to educate them about the product or service they are investigating. Direct eye contact and a sincere smile accompanied by a firm handshake and addressing your prospects by name always help.

    I have identified what I call the “Three Rs” for solid closing. After the first impression, your next focus is to effectively weave your close throughout the entire presentation. That is, the three Rs are at work throughout your presentation, aiding your prospect in becoming more and more inclined to buy. These three Rs are reason, resources and representative. Let’s look at the first R. “Reason” must be viewed from two different angles—first, from your prospect’s and then from your own. Early on in the persuasive setting, seek to understand exactly what your prospects’ needs are. That is, determine what their reason is for coming to you or listening to you in the first place. Then, you have to give them the reason to buy. Essentially, their problem and your solution match. Do not fall into the trap that many rookie salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and lis

    Career Training? Why Do You Need It?
    For people who are serious about their career, continuous career training is essential. The more professional their career, the more important career training is. Lawyers need to be up to date with the law, doctors need to be up to date with medical knowledge and treatments, and computer systems analysts need to keep track of all developments in the computer world, and in that of their particular markets; their careers demand it, otherwise they become incompetent.Even for those who have studied hard at college, school and university, study of some form or another is unlikely to come to an end once they take their first career step. That "study" will be most likely to come in the form of career training, focused study and practical training related specifically to their chosen career. Those who take that training most seriously, and apply what is learnt in practice, are those who are most likely to go on and do well in their careers.In a profession, career training is an absolute e
    rting your close earlier on in the persuasive process. Let’s call this “collecting yeses.” We’ll discuss this concept more in-depth later on, but for the time being, what it basically means is that you concern yourself with drawing in your prospects early on. That is, you warm them up in stages until the ultimate conclusion is obvious to them and they decide for themselves exactly what you were hoping they’d decide in the first place.

    Because you’re going to focus on closing as a process that begins early on in your presentation, it is important to consider the messages you are broadcasting right from the beginning. Superficial or not, people are going to draw conclusions from their earliest interactions with you, and those first impressions tend to be the longest lasting, too. It is said that the first and most lasting impression is made in about the first four minutes of a first encounter. Hence, be sure those first four minutes are positive ones because the cement dries fast! It is extremely difficult to overcome a bad first impression. Even if you try to make up for it later on, that first impression will linger. The most obvious advice is to be sure you look professional and well groomed in any persuasive situation. In other words, dress appropriately for the setting. Next, exude confidence that is not arrogant but rather is upbeat, positive and encouraging. This positivity in your demeanor will allow your prospects, who hardly know you, to take comfort in your ability to educate them about the product or service they are investigating. Direct eye contact and a sincere smile accompanied by a firm handshake and addressing your prospects by name always help.

    I have identified what I call the “Three Rs” for solid closing. After the first impression, your next focus is to effectively weave your close throughout the entire presentation. That is, the three Rs are at work throughout your presentation, aiding your prospect in becoming more and more inclined to buy. These three Rs are reason, resources and representative. Let’s look at the first R. “Reason” must be viewed from two different angles—first, from your prospect’s and then from your own. Early on in the persuasive setting, seek to understand exactly what your prospects’ needs are. That is, determine what their reason is for coming to you or listening to you in the first place. Then, you have to give them the reason to buy. Essentially, their problem and your solution match. Do not fall into the trap that many rookie salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and lis

    Are You Sure You Want To Start Your Own Business? Part Two of a Series
    Why, exactly, do you want to go into business for yourself? Is it because you cannot stand the thought of working for an uptight, demanding, and perfectly dreadful boss?Is it because you cannot bear the thought of going through another downsizing or restructuring, knowing that your job could be on the line?Is it because you want to be your own boss, call your own shots, or see more up side in your earning potential, with the possibility of financial self-sufficiency? These are all good reasons for wanting to go into business. In fact, studies have shown that many entrepreneurs get their start due to some life-altering experience such as losing a job or finally walking away from a dead-end job or a demoralizing work environment.It is amazing how creative, resourceful, and innovative you can be when, finally, you reach the edge and find yourself in a survival situation professionally. In times like this, the entrepreneurial spirit comes alive and
    ess appropriately for the setting. Next, exude confidence that is not arrogant but rather is upbeat, positive and encouraging. This positivity in your demeanor will allow your prospects, who hardly know you, to take comfort in your ability to educate them about the product or service they are investigating. Direct eye contact and a sincere smile accompanied by a firm handshake and addressing your prospects by name always help.

    I have identified what I call the “Three Rs” for solid closing. After the first impression, your next focus is to effectively weave your close throughout the entire presentation. That is, the three Rs are at work throughout your presentation, aiding your prospect in becoming more and more inclined to buy. These three Rs are reason, resources and representative. Let’s look at the first R. “Reason” must be viewed from two different angles—first, from your prospect’s and then from your own. Early on in the persuasive setting, seek to understand exactly what your prospects’ needs are. That is, determine what their reason is for coming to you or listening to you in the first place. Then, you have to give them the reason to buy. Essentially, their problem and your solution match. Do not fall into the trap that many rookie salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and lis

    Breakfast Clubs for Networking
    I am sure you are aware of Breakfast Clubs. Regular early morning meetings of a group of people with mixed business interests. Oh, and some breakfast. Clubs operate so that only one person can occupy a particular business slot. So only one Accountant, one Mortgage Advisor etc.The advantage of Breakfast clubs is that you get to educate a tight knit group of people about your business, who then are out in the big world with your business in mind. You are doing the same for them. The disadvantage can be cost and a very early start. Sometimes a VERY early start.I have met several people from various businesses who get all of there work from these clubs. That will certainly justify the cost if you are not advertising in any other way. But I would still recommend varying your marketing and networking. Certainly to start with.I have experience of 3 main organizations, but they all have the same fundamental format with the main differences being in approach, style and cost. Some ar
    salesmen do of spouting off a laundry list of features, benefits or all the reasons why you think they should buy. This sales strategy is useless because your prospects have come to you with their own reasons for buying already in mind. If you talk too much about what you think the reasons are to buy, you’re going to talk your bewildered prospects right out of the sale. When the sales representative talks too much, s/he sucks the emotion right out of the sale. It is draining and frustrating for prospects to hear a salesperson’s incessant babble about all of a product’s bells and whistles when they just want their own key questions answered.

    There is a great story that illustrates the importance of your reason to buy ringing true with your prospects’ reasons to buy. A gentleman by the name of Airman Jones was assigned to the induction center, where he advised new recruits about their governmental benefits, especially their GI insurance. It wasn’t long before Captain Smith noticed that Airman Jones had an extremely high success rate, selling insurance to nearly 100 percent of the recruits he advised. Rather than asking him about his successful track record, the Captain stood at the back of the room during one of Jones’s presentations and listened to Jones’s sales pitch. As he presented, Jones explained the basics of GI insurance to the new recruits and then said, “If you are killed in a battle and have GI insurance, the government has to pay $200,000 to your beneficiaries. But if you don’t have GI insurance and get killed on the battlefield, the government only has to pay a maximum of $6,000. Now,” he concluded, “which group do you think they are going to send into battle first?” The resounding secret to his sales success was that Airman Jones gave the new recruits a compelling reason to buy.

    The second R of solid closing is “resources.” Resources cover all those things that factor in to whether or not your product is appropriate for your prospect. Resources would include time availability, financial backing, support from family, physical ability, etc. For example, investing vast amounts of time and energy into selling annual ski passes to nursing home residents would not really be giving wise consideration to such prospects’ resources.

    The third R of solid closing is the “representative.” This is where you, as a person, factor into the selling equation. How readily can your prospect feel a strong rapport with you? Is there an instinctive sense of trust? Does your style rub this person the wrong way? Whether you realize it or not, you are a part of the selling package. There have been many times when a prospect walked away from a sale, not because of the product—in fact, the product might have been just what s/he was looking for—but because of the rep s/he had to deal with. Be sure you conduct yourself in such a way that your prospect can like you. People buy from people they like. They don’t buy from people they don’t like. It’s that simple.

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