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Top 5 Reasons for Sales Objections and 5 Hints How to Avoid
in the Future
Common sales objections
are the bump in the sales process road and the one that many
wish to avoid like the plague. From price to quality, the
obvious question is why do these barriers raise their ugly
heads? Here are my top 5 reasons for why professional
salesperson encounter these challenges and some hints to avoid
them in the future
Number 5 - Failed to
do your homework
Before you reached out to call on that potential customer
(a.k.a. prospect) did you do your homework relative to the
individual, the company, the local economy, etc.? Failure to
conduct the necessary research may show up as you are presenting
your case. Then it is too late.
Hint: Having a written
marketing plan along with a written sales plan can help overcome
this common reason.
Number 4 - Poorly
qualified potential customer (a.k.a. prospect)
Once again the element of time comes into play. Just as
important in doing research about a possible client, it is also
necessary to invest the time to qualify your target market. Over
the years, these were the common criteria:
-
Decision Maker
-
Budget
-
Need
In recent years, a fourth
criterion has been added that being "urgency." However, I
believe in today's workplace, a fifth qualifier has emerged -
commitment.
Hint: A written executive
marketing summary may help you avoid this common challenge.
Number 3 - Lack of a
firmly established relationship
People buy from people they know and trust. Without having a
firmly established and positive relationship, the desired end
result to increase sales simply will not happen. President T.
Roosevelt was quoted as saying: No one cares how much you know
until they know how much you care.
Hint: Focus on your
marketing efforts because creating awareness about you or your
company or your products and services always comes before
selling.
Number 2 - Violated
the sales process
Just as the favorite recipe from a cherished relative, a sales
process is a series of specific steps or actions that begin with
that first encounter and ends with the follow-up. Each step
within the process should have specific goals as well as skills
sets associated with that step. When a sequential step is
skipped, the results usually suggest a delayed in earning the
sale or no sale at all.
Hint: Commit your sales
process to writing, determine the specific goals for each step
and specific skill sets necessary to move from one step to the
next.
Number 1 - Poor
execution of self-leadership or interpersonal skills (people or
soft skills) especially active listening
Many will say that a lack of sales skills is the number one
reason for sales objections. However from my own experience, the
ability to be proficient with self-leadership or interpersonal
competencies will always trump the technical aspects of selling.
If you are not engaged in active listening, then you will
probably miss critical elements necessary to earn the contract
or purchase order.
Hint: By knowing what
your talents are, you can leverage those talents and improve
your overall people quotient intelligence or what is also called
emotional intelligence.
In the final analysis, I
believe that well over 90% (probably closer to 99%) of all sales
objections can be traced directly to the salesperson. When you
accept that you are the obstacle to your own sales success, then
and only then, will you be able to realize your goal to increase
sales.
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How well is your organization using the talent's of your
greatest asset - human capital within efforts to create a
high performance culture? Maybe now is the time to consider
this
performance appraisal approach?
Free
sales skills assessment by Chicago Sales Coach Leanne
Hoagland-Smith who helps with sales coaching, leadership to
sales management development.
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