How To Series Episode 5: How to Close the Sale

Selling is a conversation. At the end of which, somebody gets to make a decision. At the end, we close.

How do you know when that conversation is at its end?

Some training programs will say, close, close, close. Close a million times. Close all over the place. Close every second that you can. In fact, that’s not true. If you close too soon and all of the issues haven’t been fully resolved, in your prospect’s mind, they won’t be able to make that decision. If you force it or in some way try to corner them into it, you get a generic reaction where they will automatically say no and it’s very hard to recover from a point blank No. you can also let the conversation ramble on way too long, spend way too much time, give them way too much detail, not be really clear on what the final aspect that they need to resolve is, and talk your way around the conversation so that you totally confuse them, and then you can’t close because now they are overwhelmed. You need to be really clear about what sort of information they need form which they are capable of making that decision.

So what sort of information needs to be contained in the conversation?

While selling is a conversation and we all know how to converse, it is much more complicated than that and you need to understand both the psyche of the person that you’re dealing with, the content of your product, and how that fits into their current situation or their current… the way they run their current business.

If you are interested in learning how to sell and learning how to close and when that moment is, and how to maximize your calling rate, you really need to understand those facets. We run a training program called Emotions in Selling which clearly identifies how people make decisions. What will get in the way? How to build trust? Because if they don’t trust you, they won’t buy from you no matter how well you explained the product. Finally, when have they had enough content that they can make a stable decision that they won’t freak themselves out the next day or when they talk to somebody else back at the office or at their own home, and see that in fact, they’re not ready to decide? They need to be fully aware of what they are buying and confident before close will stick.

Learn how to identify what the needs are thoroughly and how to have that conversation so that your product answers those needs before you close them.

For more on Sales Training & Coaching, contact Maya on 0407 005 290 today.

Enjoying the series? Check out the next episode: How to Sell

Sales Myth Episode 2: Selling Ice to Eskimos

Another sales myth that is the most popular is that if you can sell, you can sell anything.

And a lovely cliché of selling ice to Eskimos. That is also not true.

There are several types of sales people and they perform better if they stick to their marketplace. So, there are people that can generate new business, and we often call them hunters and they have a series of different formal business names. And then, there are those people who can nurture and grow an existing client base, we call them account managers and farmers. They are not the same people.

If you move people between the two jobs, they will fail. The hunters who are agile, adaptive, fluid, capable of dealing with the unknown and that ultimately means people that are new to the business, new to your client base, will get bored and stroppy and lazy if you make them step on and farm. They won’t object though. They’ll agree happily because farming is easier, or it is to them anyway. So they’ll happily say, “Sure. I’ll take over the client base and the prestige of being the account executive,” but they would do a bad job for you.

On the other hand, the strategic long-term precise people who are really good account managers who can sit themselves down and really think about what they need to say and why and how, and prepare the tools that they’re trained, who don’t need to improvise and don’t like doing it. They cannot ___. Not just won’t they willing, they actually can’t. The different mentality. It’s a different skill sets. So, you will waste their skill and capacity if you make them go out and do it. Lots of businesses, when they’re short of cash just get everyone on the phone, let’s all make cold calls including, yes. I’m the managing director. I will sit down because I’m brave and I will do it with you.

Five percent of people are able to do that. Don’t torture and discourage and demoralize your staff by making them do something that they really cannot. It’s not about their willingness. It’s not about them being being diligent.

Find out more by contacting Maya.

Watch Part 3: Answering whether there’s only ONE type of Salesperson?