SlideShare una empresa de Scribd logo
1 de 35
Handling
Objections
    Co, Samantha
   Impas, Claudine
     See, Ireney
    Soriano, Elisha
     Uy, Johanna
The Tree of Business
     Objections
what are Objections?

Opposition or resistance to information or to the
salesperson’s request if labeled a sales objection
when do
           PROSPECTS
            OBJECT?


Anytime from the    Always be ready to face
  introduction to          objections
     the close
1. Prospecting

      2. Preapproach

       3. Approach
       4. Presentation
        • participation
             • proof
          • visual aids
• persuasive communication
      • demonstration
       • dramatization


       5. Trial close

 6. Determine objections

    7. Meet objections

       8. Trial close

         9. Close

      10. Follow - up
Objections
                   and the
                Sales Process
• Trial closes -prospects attitude toward the product
   – opinion NOT a decision to buy
• 4 ways to respond:
        1. If positive, from trial close to close
        2. If there’s objection, understand and clarify
        3. Be prepared for other objections
        4. Return to presentation after responding to objections
   and asking a trial close
Understand objections
                     Is the prospect’s
                        response a…


 Request for                      Request for
    more       Condition             more         True objection?
information?                     information?


                                         Major?           Minor?



                 Practical?     Psychological     Practical?   Psychological
UNDERSTAND
OBJECTIONS

     • Requesting for More
            Information
   • Setting a Condition of the
                Sale
  • Giving a Hopeless Objection
    • Giving a True Objection
Requesting
             FOR MORE
             Information

–   Prospects appear to make objections because of this
–   Important to listen
–   Chances are they are in the conviction stage
–   Supply the requested information indirectly
Setting
            – “If you can meet my request, I’ll buy.”
     a        or “Under certain conditions, I will buy

Condition
              from you.”
            – Quickly determine if you can help that
    of        prospect meet it. If you cannot, close
              the interview politely.
   the      – Often, negotiation between buyer and

  Sale
              seller can overcome a condition.
Giving a
   Hopeless Objection
– One that cannot be solved answered or overcome.
– Some Examples:
   • “I already have one.”
   • “I’m bankrupt.”
   • “I’d like to buy your life insurance, but the doctor
     gives me only 30 days to live.”
Giving a
           True Objection
– One that can be answered
– Two Types: Major and Minor
– If it is of little or no importance, quickly address it and
  return to selling
– Nature of Either Two Types of objections may be:
    • Practical (overt) objections- tangible
    • Psychological (hidden) objections- intangible
Meet the Objection

• Once you fully understand the objection, you are ready to
  respond to the prospect
• How to respond depends on the objection
• By grouping objections, you can better plan how to respond
SIX MAJOR CATEGORIES
    OF OBJECTIONS

• Hidden Objection     • Money Objection
• Stalling Objection   • Product Objection
• No-Need Objection    • Source Objection
Hidden Objections
• Prospects that ask trivial, unimportant
  questions or conceal their true feeling beneath
  a veil of silence have hidden objections even if
  you may having a good conversaton with them

• KNOW: WHAT questions to ask and HOW to ask
Stalling Objection
• “I’ll think it over,” or “I’ll be ready to buy your
  next visit.  Truth or “smoke screen” to get
  rid of you?
• Common tactic
• Examples:
   – I have to think this over
   – I’m too busy
   – I plan to wait until next fall
• With any response to an objection,
  communicate a POSITIVE ATTITUDE
• Do NOT get demanding, defensive or
  hostile
• GOAL: To help prospects realistically
  examine reasons for and against buying
  now
• If you are sure it is not in their best
  interest to buy now, tell them so.
• Do not be satisfied with a false objection
  or a stall.
The   NO-NEED                     Objection
• Can disarm an unwary salesperson
• Used widely because it politely gets rid of the
  salesperson
• Strongly implies the end of the sales call
• May also include a hidden objection/a stall
• To handle price-oriented objections
    – Observe nonverbal signals
    – Ask questions
    – Listen
    – Positively respond to the price question
    – Wrong to think that lowest price increase the chances of
       sales success
    – Price becomes secondary factor once customer realizes
       benefits




The Money Objection
ways to respond to Money
         Objections
“YOUR PRICE IS TOO HIGH!”

                            “I CAN’T AFFORD IT!”

“GIVE ME A 10% DISCOUNT AND I’LL GIVE YOU AN
  ORDER TODAY!”

           “YOU’VE GOT TO DO BETTER THAN THAT.”
THE PRICE/VALUE FORMULA

• Only the description of the buyer’s thinking process and an
  explanation of why the so-called price objection is heard so
  often.
• Tells what we must do to answer the price objection.
• Price objection
• Cost is what concerns the buyer, not just the price.
The Product Objection
• The prospect might already use, has used, would like to
  use, heard of, or knows people who use a competitor’s
  product.
• React positively.
• Can use a guarantee, testimonial, independent research
  result, and demonstrations to counter
ways to respond to Product
        Objections
   • YOUR COMPETITOR’S PRODUCT IS BETTER.
   • I’LL BUY A USED ONE.
   • I DON’T WANT TO TAKE RISKS.
The Source Objection
• Relate loyalty to a present supplier or salesperson.
• May tell you that they don’t like your company.
• Requires calling the prospect routinely over a period.
• Takes time to break the resistance barrier
• Get to know the prospect’s needs
• Show your true interest.
• Do not try to get all of the business at once – go for a trial run, a small
  order.
• Learn EXACTLY what bothers the prospect
Ways to Respond to Source
        Objections
• I’M SORRY; WE WON’T BUY FROM YOU.
   – Why not?
   – What could we do to win your business in the future?
   – Is there anyone else in your company who might be
     interested in buying our cost-saving products? Who?
   – Is there anything about me that prevents you from
     doing business with our company?
Techniques for
   Meeting
  Objections
1. The Dodge

  - Neither Denies, Answers, Nor Ignore
                 Objections



    “Before you decide to buy...”
2. Pass Up

 - Don’t be afraid to PASS UP an objection




                “Why...”
3. Rephrase as questions

 - Rephrase an Objection as a Question
4. Postpone

    - Sometimes, it’s necessary.
5. Boomerang

- Turn an objection into a reason to buy
6. Ask Questions

 - It shows how the salesperson knows
              the business.
Five-Question Sequence
1. There must be some good reason why you’re hesitating
   to go ahead now. Do you mind if I ask what it is?
2. In addition to that, is there any other reason for not
   going ahead?
3. Just supposing you could convince yourself that... Then
   you’d want to go ahead with it?
4. Then there must be some other reason. May I ask what
   it is?
5. What would it take to convince you?
Facing objections
•   Use Direct Denial Tactfully
•   The Indirect Denial Works
•   Compensation or Counterbalance Method
•   Let a Third Party Answer
After Meeting the Objection
       – What to do?

•   First, Use a Trial Close – Ask for Opinion
•   Move Back into Your Presentation
•   Move to Close Your Sale
•   If You Cannot Overcome the Objection
•   In All Things Be guided By The Golden Rule

Más contenido relacionado

La actualidad más candente

handling objection sales script
handling objection sales scripthandling objection sales script
handling objection sales script
azri amin
 
Effective selling techniques
Effective selling techniquesEffective selling techniques
Effective selling techniques
weetong
 
Essential sales skill pdf
Essential sales skill pdfEssential sales skill pdf
Essential sales skill pdf
Jatinder Singh
 

La actualidad más candente (20)

Improving Your Selling Skills
Improving Your Selling SkillsImproving Your Selling Skills
Improving Your Selling Skills
 
handling objection sales script
handling objection sales scripthandling objection sales script
handling objection sales script
 
Handling objection
Handling objectionHandling objection
Handling objection
 
Seven steps of a sale
Seven steps  of a saleSeven steps  of a sale
Seven steps of a sale
 
Sales Objections
Sales ObjectionsSales Objections
Sales Objections
 
15 sales techniques to improve the sales process
15 sales techniques to improve the sales process15 sales techniques to improve the sales process
15 sales techniques to improve the sales process
 
Selling techniques
Selling techniquesSelling techniques
Selling techniques
 
Objection handling
Objection handlingObjection handling
Objection handling
 
Selling skills
Selling skillsSelling skills
Selling skills
 
Selling skills
Selling skillsSelling skills
Selling skills
 
Closing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales ProcessClosing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales Process
 
Selling Skills
Selling SkillsSelling Skills
Selling Skills
 
Effective selling techniques
Effective selling techniquesEffective selling techniques
Effective selling techniques
 
Selling Skills
Selling SkillsSelling Skills
Selling Skills
 
20 Best Sales Objections Handling Techniques - Infographic
20 Best Sales Objections Handling Techniques - Infographic20 Best Sales Objections Handling Techniques - Infographic
20 Best Sales Objections Handling Techniques - Infographic
 
Sales Call
Sales CallSales Call
Sales Call
 
Essential sales skill pdf
Essential sales skill pdfEssential sales skill pdf
Essential sales skill pdf
 
Closing the Sale
Closing the SaleClosing the Sale
Closing the Sale
 
8 Sales Closing Techniques
8 Sales Closing Techniques8 Sales Closing Techniques
8 Sales Closing Techniques
 
Selling skills training
Selling skills training Selling skills training
Selling skills training
 

Destacado

Personal Selling: Chapter 11
Personal Selling: Chapter 11Personal Selling: Chapter 11
Personal Selling: Chapter 11
Mazhar Masood
 
Sales and distribution ppt
Sales and distribution pptSales and distribution ppt
Sales and distribution ppt
Defron Dvl
 

Destacado (9)

Objection handling
Objection handlingObjection handling
Objection handling
 
Personal Selling: Chapter 11
Personal Selling: Chapter 11Personal Selling: Chapter 11
Personal Selling: Chapter 11
 
Sales Evaluation And Control
Sales Evaluation And ControlSales Evaluation And Control
Sales Evaluation And Control
 
Sales Enhancement Objection Handling
Sales Enhancement Objection HandlingSales Enhancement Objection Handling
Sales Enhancement Objection Handling
 
10 Tips for Getting What You’re Worth - Negotiation & Objection Handling
10 Tips for Getting What You’re Worth - Negotiation & Objection Handling 10 Tips for Getting What You’re Worth - Negotiation & Objection Handling
10 Tips for Getting What You’re Worth - Negotiation & Objection Handling
 
THE SEVEN STEPS OF SALES PLANNING
THE SEVEN STEPS OF SALES PLANNINGTHE SEVEN STEPS OF SALES PLANNING
THE SEVEN STEPS OF SALES PLANNING
 
Sales and distribution ppt
Sales and distribution pptSales and distribution ppt
Sales and distribution ppt
 
Sales, Sales Management, Sales Strategy
Sales, Sales Management, Sales StrategySales, Sales Management, Sales Strategy
Sales, Sales Management, Sales Strategy
 
SALES POWERPOINT
SALES POWERPOINTSALES POWERPOINT
SALES POWERPOINT
 

Similar a Handling objections

Chapter 8 handling objections sp12
Chapter 8 handling objections sp12Chapter 8 handling objections sp12
Chapter 8 handling objections sp12
alexishoey
 
What to do when your customer says no
What to do when your customer says noWhat to do when your customer says no
What to do when your customer says no
abhishek kumar
 
LIstening and Listening Comprehension
LIstening and Listening ComprehensionLIstening and Listening Comprehension
LIstening and Listening Comprehension
mich_mijares
 
Proactive Selling Presentation
Proactive Selling PresentationProactive Selling Presentation
Proactive Selling Presentation
Brent Hillyer
 
Mvt spark module objecttion handling
Mvt spark module objecttion handlingMvt spark module objecttion handling
Mvt spark module objecttion handling
Bhoy Carpio
 
Sales presentation
Sales presentationSales presentation
Sales presentation
Ram
 
Professional+basic+selling+skills
Professional+basic+selling+skillsProfessional+basic+selling+skills
Professional+basic+selling+skills
mohamedelmokatef
 
Monday morning meeting 022414
Monday morning meeting 022414Monday morning meeting 022414
Monday morning meeting 022414
Joaquin Davila
 

Similar a Handling objections (20)

Chapter 8 handling objections sp12
Chapter 8 handling objections sp12Chapter 8 handling objections sp12
Chapter 8 handling objections sp12
 
What to do when your customer says no
What to do when your customer says noWhat to do when your customer says no
What to do when your customer says no
 
Overcoming objections
Overcoming objectionsOvercoming objections
Overcoming objections
 
Handling objections
Handling objectionsHandling objections
Handling objections
 
Sm10
Sm10Sm10
Sm10
 
Be Sales Ready
Be Sales ReadyBe Sales Ready
Be Sales Ready
 
LIstening and Listening Comprehension
LIstening and Listening ComprehensionLIstening and Listening Comprehension
LIstening and Listening Comprehension
 
PPT ON Personal selling process
PPT ON Personal selling processPPT ON Personal selling process
PPT ON Personal selling process
 
Health Plan Sales Training - Overcoming Objections Section.
Health Plan Sales Training - Overcoming Objections Section.Health Plan Sales Training - Overcoming Objections Section.
Health Plan Sales Training - Overcoming Objections Section.
 
Proactive Selling Presentation
Proactive Selling PresentationProactive Selling Presentation
Proactive Selling Presentation
 
Mvt spark module objecttion handling
Mvt spark module objecttion handlingMvt spark module objecttion handling
Mvt spark module objecttion handling
 
Sales presentation
Sales presentationSales presentation
Sales presentation
 
Sales Training Presentation
Sales Training PresentationSales Training Presentation
Sales Training Presentation
 
Sales Training Complete-HKPC145.pptx
Sales Training Complete-HKPC145.pptxSales Training Complete-HKPC145.pptx
Sales Training Complete-HKPC145.pptx
 
Salessciptsell
SalessciptsellSalessciptsell
Salessciptsell
 
Professional Basic Selling Skills - 3.5.pdf
Professional Basic Selling Skills - 3.5.pdfProfessional Basic Selling Skills - 3.5.pdf
Professional Basic Selling Skills - 3.5.pdf
 
Professional+basic+selling+skills
Professional+basic+selling+skillsProfessional+basic+selling+skills
Professional+basic+selling+skills
 
Monday morning meeting 022414
Monday morning meeting 022414Monday morning meeting 022414
Monday morning meeting 022414
 
Selling Techniques
Selling Techniques Selling Techniques
Selling Techniques
 
21st century selling
21st century selling21st century selling
21st century selling
 

Más de Nj Lopez-Tan

After Sales Service
After Sales ServiceAfter Sales Service
After Sales Service
Nj Lopez-Tan
 

Más de Nj Lopez-Tan (20)

After Sales Service
After Sales ServiceAfter Sales Service
After Sales Service
 
Closing the SAle
Closing the SAleClosing the SAle
Closing the SAle
 
The Sales Process: Presentations
The Sales Process: PresentationsThe Sales Process: Presentations
The Sales Process: Presentations
 
Sales Process Preapproach
Sales Process PreapproachSales Process Preapproach
Sales Process Preapproach
 
The Sales Process: Prospecting
The Sales Process: ProspectingThe Sales Process: Prospecting
The Sales Process: Prospecting
 
Attendees
AttendeesAttendees
Attendees
 
Driving loyalty through daily deals and discounts
Driving loyalty through daily deals and discountsDriving loyalty through daily deals and discounts
Driving loyalty through daily deals and discounts
 
The rise of group buying sites
The rise of group buying sitesThe rise of group buying sites
The rise of group buying sites
 
How to brand and sell online
How to brand and sell onlineHow to brand and sell online
How to brand and sell online
 
Project: Verdance
Project: VerdanceProject: Verdance
Project: Verdance
 
Project: Verdance
Project: VerdanceProject: Verdance
Project: Verdance
 
Social Media Marketing
Social Media MarketingSocial Media Marketing
Social Media Marketing
 
Barely There - a case study
Barely There - a case studyBarely There - a case study
Barely There - a case study
 
Cetaphil Print Ad Campaign
Cetaphil Print Ad CampaignCetaphil Print Ad Campaign
Cetaphil Print Ad Campaign
 
Cheryl & Co Case Presentation
Cheryl & Co Case PresentationCheryl & Co Case Presentation
Cheryl & Co Case Presentation
 
Social Media Analysis - Oil Industry
Social Media Analysis - Oil IndustrySocial Media Analysis - Oil Industry
Social Media Analysis - Oil Industry
 
Petron Site Analysis
Petron Site AnalysisPetron Site Analysis
Petron Site Analysis
 
Post ad summary data
Post ad summary dataPost ad summary data
Post ad summary data
 
Blind Taste Test
Blind Taste Test Blind Taste Test
Blind Taste Test
 
Taste Test Questionnaire
Taste Test QuestionnaireTaste Test Questionnaire
Taste Test Questionnaire
 

Último

1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
QucHHunhnh
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
SoniaTolstoy
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 

Último (20)

Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajan
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
9548086042 for call girls in Indira Nagar with room service
9548086042  for call girls in Indira Nagar  with room service9548086042  for call girls in Indira Nagar  with room service
9548086042 for call girls in Indira Nagar with room service
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17Advanced Views - Calendar View in Odoo 17
Advanced Views - Calendar View in Odoo 17
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3Q4-W6-Restating Informational Text Grade 3
Q4-W6-Restating Informational Text Grade 3
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpin
 

Handling objections

  • 1. Handling Objections Co, Samantha Impas, Claudine See, Ireney Soriano, Elisha Uy, Johanna
  • 2. The Tree of Business Objections
  • 3. what are Objections? Opposition or resistance to information or to the salesperson’s request if labeled a sales objection
  • 4. when do PROSPECTS OBJECT? Anytime from the Always be ready to face introduction to objections the close
  • 5. 1. Prospecting 2. Preapproach 3. Approach 4. Presentation • participation • proof • visual aids • persuasive communication • demonstration • dramatization 5. Trial close 6. Determine objections 7. Meet objections 8. Trial close 9. Close 10. Follow - up
  • 6. Objections and the Sales Process • Trial closes -prospects attitude toward the product – opinion NOT a decision to buy • 4 ways to respond: 1. If positive, from trial close to close 2. If there’s objection, understand and clarify 3. Be prepared for other objections 4. Return to presentation after responding to objections and asking a trial close
  • 7. Understand objections Is the prospect’s response a… Request for Request for more Condition more True objection? information? information? Major? Minor? Practical? Psychological Practical? Psychological
  • 8. UNDERSTAND OBJECTIONS • Requesting for More Information • Setting a Condition of the Sale • Giving a Hopeless Objection • Giving a True Objection
  • 9. Requesting FOR MORE Information – Prospects appear to make objections because of this – Important to listen – Chances are they are in the conviction stage – Supply the requested information indirectly
  • 10. Setting – “If you can meet my request, I’ll buy.” a or “Under certain conditions, I will buy Condition from you.” – Quickly determine if you can help that of prospect meet it. If you cannot, close the interview politely. the – Often, negotiation between buyer and Sale seller can overcome a condition.
  • 11. Giving a Hopeless Objection – One that cannot be solved answered or overcome. – Some Examples: • “I already have one.” • “I’m bankrupt.” • “I’d like to buy your life insurance, but the doctor gives me only 30 days to live.”
  • 12. Giving a True Objection – One that can be answered – Two Types: Major and Minor – If it is of little or no importance, quickly address it and return to selling – Nature of Either Two Types of objections may be: • Practical (overt) objections- tangible • Psychological (hidden) objections- intangible
  • 13. Meet the Objection • Once you fully understand the objection, you are ready to respond to the prospect • How to respond depends on the objection • By grouping objections, you can better plan how to respond
  • 14. SIX MAJOR CATEGORIES OF OBJECTIONS • Hidden Objection • Money Objection • Stalling Objection • Product Objection • No-Need Objection • Source Objection
  • 15. Hidden Objections • Prospects that ask trivial, unimportant questions or conceal their true feeling beneath a veil of silence have hidden objections even if you may having a good conversaton with them • KNOW: WHAT questions to ask and HOW to ask
  • 16. Stalling Objection • “I’ll think it over,” or “I’ll be ready to buy your next visit.  Truth or “smoke screen” to get rid of you? • Common tactic • Examples: – I have to think this over – I’m too busy – I plan to wait until next fall
  • 17. • With any response to an objection, communicate a POSITIVE ATTITUDE • Do NOT get demanding, defensive or hostile • GOAL: To help prospects realistically examine reasons for and against buying now • If you are sure it is not in their best interest to buy now, tell them so. • Do not be satisfied with a false objection or a stall.
  • 18. The NO-NEED Objection • Can disarm an unwary salesperson • Used widely because it politely gets rid of the salesperson • Strongly implies the end of the sales call • May also include a hidden objection/a stall
  • 19. • To handle price-oriented objections – Observe nonverbal signals – Ask questions – Listen – Positively respond to the price question – Wrong to think that lowest price increase the chances of sales success – Price becomes secondary factor once customer realizes benefits The Money Objection
  • 20. ways to respond to Money Objections “YOUR PRICE IS TOO HIGH!” “I CAN’T AFFORD IT!” “GIVE ME A 10% DISCOUNT AND I’LL GIVE YOU AN ORDER TODAY!” “YOU’VE GOT TO DO BETTER THAN THAT.”
  • 21. THE PRICE/VALUE FORMULA • Only the description of the buyer’s thinking process and an explanation of why the so-called price objection is heard so often. • Tells what we must do to answer the price objection. • Price objection • Cost is what concerns the buyer, not just the price.
  • 22. The Product Objection • The prospect might already use, has used, would like to use, heard of, or knows people who use a competitor’s product. • React positively. • Can use a guarantee, testimonial, independent research result, and demonstrations to counter
  • 23. ways to respond to Product Objections • YOUR COMPETITOR’S PRODUCT IS BETTER. • I’LL BUY A USED ONE. • I DON’T WANT TO TAKE RISKS.
  • 24. The Source Objection • Relate loyalty to a present supplier or salesperson. • May tell you that they don’t like your company. • Requires calling the prospect routinely over a period. • Takes time to break the resistance barrier • Get to know the prospect’s needs • Show your true interest. • Do not try to get all of the business at once – go for a trial run, a small order. • Learn EXACTLY what bothers the prospect
  • 25. Ways to Respond to Source Objections • I’M SORRY; WE WON’T BUY FROM YOU. – Why not? – What could we do to win your business in the future? – Is there anyone else in your company who might be interested in buying our cost-saving products? Who? – Is there anything about me that prevents you from doing business with our company?
  • 26. Techniques for Meeting Objections
  • 27. 1. The Dodge - Neither Denies, Answers, Nor Ignore Objections “Before you decide to buy...”
  • 28. 2. Pass Up - Don’t be afraid to PASS UP an objection “Why...”
  • 29. 3. Rephrase as questions - Rephrase an Objection as a Question
  • 30. 4. Postpone - Sometimes, it’s necessary.
  • 31. 5. Boomerang - Turn an objection into a reason to buy
  • 32. 6. Ask Questions - It shows how the salesperson knows the business.
  • 33. Five-Question Sequence 1. There must be some good reason why you’re hesitating to go ahead now. Do you mind if I ask what it is? 2. In addition to that, is there any other reason for not going ahead? 3. Just supposing you could convince yourself that... Then you’d want to go ahead with it? 4. Then there must be some other reason. May I ask what it is? 5. What would it take to convince you?
  • 34. Facing objections • Use Direct Denial Tactfully • The Indirect Denial Works • Compensation or Counterbalance Method • Let a Third Party Answer
  • 35. After Meeting the Objection – What to do? • First, Use a Trial Close – Ask for Opinion • Move Back into Your Presentation • Move to Close Your Sale • If You Cannot Overcome the Objection • In All Things Be guided By The Golden Rule