The process of handling buyer objections is Step 7 of your Ultimate 10-Step Sales Presentation.
In our last article, Step 6: Your Complete Guide to Flushing Out Buyer Objections, we learned a lot about objections. We learned why we should welcome buyer objections, when and why buyers object, several types of objections, and a roadmap to handle objections.
Now, finally, it’s time to deal with the buyer’s objection. Always remember while you are deciding how to deal with an objection that most buyer’s objections are a request for information. Your role is to answer their questions, so it enables you to close the sale.
In this article on handling buyer objections, we’ll examine:
In the last article, Your Complete Guide to Flushing Out Buyer Objections, I said that most of the time, you should handle an objection immediately. However, to determine when to answer an objection, you must consider the type of objection. That includes understanding why it was raised, the mood of the buyer, and the stage of your presentation. Considering these factors, you will answer the objection immediately, anticipate and forestall it, postpone it, or choose not to answer it at all.
My view is that almost all objections should be answered immediately when raised. A sincere response to an objection conveys your professionalism and your respect for the buyer’s viewpoint. Besides that, it shows you care, and you’re listening!
One key to handling objections is to anticipate them and build answers into your presentation. That way, if a buyer brings up an objection you anticipated, you can use one of the ten techniques for handling objections that we’ll cover later in this article.
Objection handling technique #4 is to postpone the objection. There are times when postponing an objection makes sense. Just be sure that if you postpone handling an objection, you don’t forget it. Make sure you handle it later in your presentation.
Nothing grates on a buyer’s nerves more than a salesperson who says, “I’ll cover that in a minute,” and then forgets to answer the buyer’s question or handle the objection.
Sometimes a buyer’s objection is really an excuse. Most of the time, the excuse objection is unimportant and is just meant to derail you and your presentation. With experience, you’ll sense when buyers may be using excuse objections. You’ll know if the objection is an excuse if you answer it, and the buyer throws out another excuse. Don’t answer an excuse.
That being said, be careful! If the buyer raises the same excuse objection a second time, its best to treat it like a real objection.
So, now we know when we need to answer a buyer’s objection let’s examine a 6-step approach to handling the buyer’s objection.
First, bite your lip and keep your eager mouth shut! The most important thing you can do to resolve a buyer’s objection successfully is to hear the buyer out. Listen to what they say and how they say it.
Remember, an objection is most often a request for more information, so listen carefully to what the buyer tells you. Then you’ll know how to respond.
Next, ensure you understand the buyer’s objection by confirming what you heard is actually what he or she meant to say! A good way to do that is to employ objection handling technique #3 Rephrase the Objection.
If you rephrase and don’t have it right, or if you didn’t understand the objection in the first place, you should ask the buyer to explain. Say something like, “I’m sorry I do not know what you mean. Can you describe your concern again for me?
Additionally, you should be sure that you have isolated the real issue with a question like, “Other than that, are there any other reasons that you would keep you from buying today?”
Most of the time, the buyer’s objections are sincere, and they deserve to be treated with respect. Acknowledge the buyer’s objection, listen carefully, and take responsibility for any misunderstanding or lack of clarity on your part. Say something like, “I understand how you feel,” or I appreciate your concern…”
When you acknowledge the buyer’s objection this way, you demonstrate your professionalism and your desire to solve the buyer’s problem.
Next, you must decide how you will handle the buyer’s objection. In the next section, we’ll cover ten common techniques for handling objections. Before you choose which method to use, think about:
Finally, answer the buyer’s objection. Be sincere, respectful, and concise. Answer the question as succinctly as possible by considering the buyer’s behavioral style. Then, the next step is moving on to the trial close.
The last step in handling the objection is to confirm that your answer met the buyer’s needs with a trial close. (See How to Leverage the Trial Close in Your Ultimate Sales Presentation for more on the trial close.)
Now that you have the buyer’s objection out in the open, you must deal with it. Here are ten common techniques to handle a buyer’s objection. Some of these you will use by themselves, others may be used in combination.
The sidestep is a valuable technique to use when you need to reinforce a key benefit. With the sidestep, the salesperson neither denies, answers, or ignores the objection, but sidesteps it for just a moment.
For example, if the buyer raises a common objection like “Your price is too high” or “We can’t afford that” the salesperson might respond, “Before you make the decision to buy, let me explain the value of everything you get with this product.”
Note the salesperson uses an affirmative response, “before you decide to buy,” then reinforces a key benefit directly related to the specific objection.
The sidestep is an ideal technique to use combined with another objection handling technique like the rephrase, postpone, or the boomerang.
The pass up technique is useful when you believe the buyer’s objection is an unimportant objection or an excuse.
For example, if the buyer says, “I don’t have a need for your product,” you could answer using the customer benefit approach. For exampe say, “If I can show you how this product will save you 20% on your finished product inventory costs would you be interested?”
The key to using the pass up technique is not to put the buyer on the defensive. Do not ignore the objection or challenge the buyer by simply saying, “Why not?”
Rephrasing is one of my favorite techniques. In my opinion, it is one of the most versatile and powerful objections handling techniques.
The rephrase technique, as the name suggests, simply rephrases the buyer’s objection as a question. Rephrasing the objection has two important benefits; you acknowledge the buyer’s objection, and you confirm your understanding of the objection.
For example, the buyer says, “I can’t place an order now. We have inventory at the end of the month.” The salesperson responds by rephrasing the objection as a question. “I understand. Your main concern with placing an order today is that you can’t have it delivered until after your inventory. Is that right?”
The beauty of the rephrase is it naturally allows the salesperson to add a trial close to the end of the rephrased objection. In this example, the trial close is, “Is that right?”.
It is not unusual for a buyer to skip ahead of you in the presentation and ask a question or offer an objection you will discuss later in the presentation. If this happens, the postpone is an excellent technique to postpone handling the objection until you are ready.
For example, if the buyer asks, “What is your price?” the salesperson responds, “I’m glad you asked that, and I know pricing is important to you. Bear with me. I will cover pricing in just a moment.”
When you get to the part of the presentation that covers the postponed objection, make a point of referring to the buyer’s question.
For example, “A moment ago, you asked about pricing. Let’s dig into the pricing question now.”
The primary benefit of using the postpone technique is you don’t allow the buyer to derail or interrupt the flow of your presentation. You simply postpone answering their questions to a point in your presentation when it makes sense to provide the answer.
The boomerang technique accepts the premise of the objection but sends it back to the buyer as a benefit. There will be cases when a buyer objects to something about your product or service that is actually a benefit. In this situation, you accept the premise of the objection and send it back to the buyer as a benefit.
For example, I can imagine when Tylenol first introduced the safety cap on their bottles, a buyer somewhere objected, saying, “I don’t like these new bottles! The caps are too hard to remove!” The Tylenol salesperson would smile broadly and say, “I’m glad you noticed the caps. We specifically designed them to be difficult for children to be able to open and take the medicine accidentally.”
Like the rephrase, the boomerang technique provides a perfect opportunity to follow with a trial close. In our Tylenol example, the salesperson might continue saying, “Isn’t that a great way to protect children?”
One of the most important things you can do as a salesperson handling an objection is to be sure you fully understand the objection. The best way to do that is to ask the buyer a series of open-ended questions.
For example, the buyer says, “I don’t like this car as much as the one I saw yesterday.” The salesperson responds, “I see. Can you tell me what was it that you especially liked about the car you saw yesterday?”
Then, depending on the answer, the salesperson continues to ask open-ended questions until the real objection is clear. Once you clearly understand the objection, you handle it using another of the objection handling techniques.
Occasionally a buyer will give you an objection based on incomplete or incorrect information. In this case, a direct denial of the objection is perhaps your best course of action. However, a direct denial needs to be handled politely and tactfully with facts and logic.
A direct denial should begin by acknowledging the buyer’s objection, then answer with complete or correct information.
For example, a buyer says, “I don’t want your copy machine; my paper supplier says your machines break down all the time.” The salesperson responds, saying, “I certainly understand how important it is for you to have a reliable copy machine in your office. I’m afraid your paper supplier doesn’t have all the facts about our copiers’ reliability.”
Once the objection is tactfully denied, the salesperson will go one to offer the correct information to the buyer.
The indirect denial is a softer, even more, tactful version of the direct denial. The indirect denial begins by accepting the buyer’s objection but then denies the objection.
An indirect denial often takes the form of “yes, but” or “I agree.” Yes, I agree with what you said, but here’s the correct information.
For example, a buyer objects saying your price is higher than a competitor. You respond, saying, “I agree our price is higher than our competitors, but our product is made to exacting specifications that will deliver years of trouble-free operation. Is trouble-free operation important to you?”
The indirect denial works well when the buyer’s objection is factually correct, but their objection is based on incomplete or incorrect information. In this case, you agree with the objection, provide the correct information, and then move on with a trial close.
There will be times when a buyer’s objection is factually correct and must be counterbalanced by an offsetting benefit. The counterbalance technique is one of my favorites when selling premium-priced products, and the buyer offers a price objection.
For example, the buyer objects, saying, “Your frying oil price is 20% higher than the private label product I buy.” The salesperson says, “You’re right, our price is higher than your private label. The reason is our frying oil lasts longer in the fryer without breaking down, so it saves you money. It doesn’t give food an oily taste, so it looks and tastes better. Are you interested in saving money and having better quality food?”
The salesperson accepts the factually correct element of the objection but counterbalances it with benefits that offset the objection. As with other techniques, the counterbalance technique lends itself to using a trial close.
Sometimes your answer to an objection will not convince the buyer. When this is the case, the third-party proof technique can save the day.
If you have read sales advertisements, you have probably seen third-party proof statements in action. In the middle of the sales page, there are pictures of satisfied customers along with their glowing testimonials. Then you see a chart of data that unveils a study supporting the claims made in the ad. Finally, at the bottom of the sales page is a big satisfaction guaranteed, money back, if you don’t like it send it back promise.
Testimonials, study data, and guarantees are all common third-party proof techniques.
You can use them in your presentation in the very same way to prove the point you made in answer to a buyer’s objection.
For example, a potential customer tells a solar salesperson they don’t believe they will save money with a solar system. The salesperson responds with data from the local utility company and testimonials from satisfied customers. Even more powerful, the salesperson gives the potential customer a list of two or three neighbors down the street who are thrilled with their solar system.
Now that you are an expert at using the ten objection handling techniques, the question arises, what’s next? What do you do after the buyer objection is handled?
Remember, as a professional salesperson; you view an objection from a buyer as a request for information because the customer is engaged and interested. You handle the objection professionally, and then it is time to move on with your presentation. Or is it?
The first thing you need to do after handling a buyer objection is gain agreement from the buyer that you have answered their question satisfactorily. The best and most natural way to do that is with a trial close.
We covered the use of the trial close in detail in a recent article. So, if you need a refresher to check it out here, How to Leverage the Trial Close in Your Ultimate Sales Presentation.
Once the objection is handled, you must ensure that you have answered the buyer’s objection with a trial close. You do not be in a rush to finish your presentation and move on without using a trial close after every objection. So don’t rush!
Once you’ve confirmed the objection is handled with a trial close, the next thing to do is a transition back into your presentation. This transition can be as simple as saying, “Very good; let’s continue then.” Or, “Thanks for asking, that was a great question. Now, as I was explaining (and continue where you left off).”
If you were at the end of your presentation when the buyer raised an objection, then you’ll want to follow with a trial close and move toward closing the sale. In a future article, we’ll cover techniques for closing the sale, but for now, remember to use your trial close, summarize key benefits, and ask for the order!
Every professional salesperson reaches the end of their presentation and hears an objection they cannot overcome. It has happened to me. It is bound to happen to you. Your product is not a perfect fit for every customer. If you think your product will solve a customer’s problem, then don’t be afraid to close and ask for the order. You never know, you may still make the sale. One thing is for sure. You will never make the sale if you don’t ask for the order.
Step 6: Determine Objections is the seventh in a series of articles, which have been created to teach you how to craft and deliver the Ultimate Sales Presentation in 10-Steps.
If you missed a previous article in this series or you want to review one again, you’ll find them here:
If you want to make sure you don’t miss one of these articles, you can sign up to receive the series here.
As always, questions and comments are welcome. What steps do you take to handle objections in your presentations? Which objection handling techniques do you like the best? Why?
I’d love your help. This blog is read primarily because of people like you who share it with friends. Would you be kind enough to share it by pressing the share button?
Category: Salespeople
The process of flushing out buyer objections is Step 6 of your Ultimate 10-Step Sales Presentation.
Salespeople tend to have a fear or flight reaction when it comes to buyer objections.
Every salesperson I ever trained initially either feared or despised buyer objections. Those who feared objections eventually stumbled and fumbled their responses, and then failed. Those who despised objections became defensive and domineering, determined to “win the argument.” They also failed.
Neither response to objections is productive nor helpful. Neither will help you close a sale.
The correct response to an objection is to smile and treat it like a request for additional information.
Just in case you either fear or despise objections, my goal today is to help you see why you should welcome buyer objections in your presentation so you can handle them and make the sale!
In this article on flushing out buyer objections, we’ll examine:
Why in the world would any salesperson welcome objections? Simply because when handled correctly, objections lead to a sale. Objections demonstrate the buyer is engaged in your presentation. They are the buyer’s way of asking for more information. Inside that objection is a clue to what the buyer is concerned about. When you meet the customer’s needs and solve their problems by answering their objections, you will make more sales.
No buyer wants to be taken advantage of or make a poor purchase decision. So, buyers ask questions and raise objections to fill in gaps in their knowledge and assure themselves they are making a good decision. When you answer their questions and handle their objections, you’re fulfilling your responsibility as a relational salesperson to help the buyer.
So, I look forward to the objections. Handling objections is one more way you serve your customers.
Buyer objections are defined as any resistance to any information or request you make as the salesperson. Simply put, an objection is just about anything the buyer says or does that interferes with the completion of your presentation.
If a buyer has been properly qualified (see MAD process), an objection is really a buying signal. Objections demonstrate the buyer is engaged, and they help us determine which stage in the buying process the buyer has reached—attention, interest, desire, conviction, or ready to buy.
Simply put, buyers may object at any point in the sales process from the approach to the close.
So, as a professional salesperson, you need to be ready to handle buyer objections from the moment you see the buyer all the way until you have their signature on the order form.
When I was a young sales representative, our company announced a price increase that would take place almost immediately. I had to call on all my customers within a few days to take orders before the price increase went into effect.
As I approached one buyer, he shouted out to me, “You know I don’t see salespeople on Tuesday. Come back on my regular buying day!
I admit I was more than a little annoyed at his rudeness. However, I took a couple of deep breathes, smiled and said, “Sorry, to bother you. I know it’s not your regular buying day, but I have a price increase to tell you about that goes into effect before your next buying day.”
Then I stopped talking and waited.
He put his papers down, looked up from his desk, and gruffly invited me into his office. Had I walked away at his first objection; I would have lost a sale. In a few days, when he discovered he missed the opportunity to buy before the price increase, he would have been mad he lost out, and he would have blamed me!
Some inexperienced salespeople have a tendency to start their presentation and keep talking without taking a breath until they ask for the order at the end of their presentation. Then, the buyer raises an objection, and the salesperson has no idea what to do next.
That is not the way you, a professional salesperson following the Ultimate 10-Step Sales Presentation, deliver your presentations!
If you refer to the illustration of the Ultimate 10-Step Sales Presentation (above), note that Step 6 is Determine Objections. Determining objections comes after using a Trial Close.
You use a trial close after every major selling point. Remember, the trial close asks the buyer’s opinion; it is not a decision to buy.
The trial close will either cause the buyer to agree with what you’ve presented or cause them to ask a question or raise an objection. If the buyer objects you…
If at the end of step 3, the buyer still has an objection, you jump back up to step 1 and repeat the process until you have addressed the objections to the buyer’s satisfaction. Then and only then do you move on to step 4 and transition back to the main body of your presentation.
One of the first things new salespeople need to learn is how to handle objections.
As they get more experience, salespeople realize it’s a lot easier to plan for and build answers to common objections into the presentation. By building answers to common objections into their presentations, you answer the objection before the buyer even raises it.
In this section, we will consider how to plan for objections ahead of time, then how to build answers into our presentation, and finally, how to handle other types of objections as they arise.
You know what they say, “prior planning pays profits promptly!” This saying is certainly true when it comes to planning for objections. When planning your presentation, you should think of what questions the buyer might have about your product. Also, think about what objections the buyer might have to buying your product. In other words, think about why the buyer might say, “no.”
I always encourage new salespeople to keep track of the questions and objections they get from their buyers and which responses helped make the sale. Similarly, consider which responses did not have the desired effect on the buyer. Improve the good and eliminate the poor responses from your selling skillset.
The more presentations you make, the more times you’ll hear similar objections, and the better prepared you’ll be to handle them.
In the previous step, I asked you to consider what objections might arise ahead of time. Now as you develop your presentation, I want you to build answers to all these questions and potential objections into your presentation.
In this way, you’ll deal with the question or objection that may be forming in the buyer’s mind before they even have an opportunity to verbalize it. That is why it is so important to catalog questions and objections you frequently hear so you can build the answers into your presentation!
An objection anticipated is an objection forestalled!
A second way to deal with objections is to discuss your product’s disadvantages before the buyer does. Almost every product has some disadvantages. If you think a disadvantage might be an issue with your buyer, then the best course of action is to address the disadvantage directly in your presentation.
An anticipated disadvantage will never be raised.
A third way to handle an objection is to reframe it as a benefit. For example, price objections are among the most common objections you’ll hear as a salesperson of premium products. I like to reframe the price of a premium product. You can discuss the premium product’s price in terms of investment, lower cost per use, or lower cost over time, etc.
A reframed disadvantage becomes a benefit.
A common question among new and experienced salespeople alike is, “When should I handle an objection?”
In almost every case, I recommend handling objections as they arise. Ignoring, or not dealing adequately with an objection, will cause the buyer to negatively react to your presentation.
I have one exception to the “handle it right away rule,” and that is if you are just about to address the topic the buyer brought up. If so, I suggest you acknowledge the buyer’s objection with a statement like, “I’m glad you asked that. I am going to talk about that next.” Then finish the point you are making and transition into the question the buyer asked. Say something like, “You asked about (fill in the blank) a minute ago. I want to cover that now.”
So, handle objections as they arise, unless it is something you are going to cover in just a moment. If you delay handling an objection, make sure you acknowledge the buyer’s objection as you transition to handle the objection, and then again as your transition back to your presentation.
By all means, remain positive. Remember, the objection is a request for information that handled properly brings you closer to making a sale. So, smile and handle that objection respectfully.
Remember, you are there to serve the best interests of your customer, including all those requests for additional information that come in the form of an objection.
There is a tendency for salespeople to start answering an objection before the buyer has a chance to finish a sentence.
Inexperienced salespeople want to demonstrate their knowledge, so they answer before they’ve heard the whole question. Experienced salespeople assume they know where the question is going just because they’ve heard it so many times before.
Do not be that salesperson!
Never interrupt your buyer. Listen carefully as the buyer expresses their concern. When they are finished, then you can decide how to handle the objection best. Until then, practice your active listening skills!
Not all objections are created equal. Before you decide how to answer an objection you must decide whether the objection is a simple request for more information, whether it is an objection based on a specific condition, whether the objection is a functional or emotional one, and finally, whether the objection is a major or minor issue.
Many objections are simple requests for more information. That means the buyer has a desire for the product and is likely already in the conviction stage of the buying cycle. In the conviction stage, the buyer is already convinced buying your product is a good idea. Their questions simply reflect a need to get enough additional information so they can be sure of their decision.
A conditional objection is one where the buyer is saying they will purchase if a specific condition is met.
Conditional objections are common in sales fields like automobile and home purchases.
For example, the last time I purchased a car, I offered the dealer a price several thousand dollars under the sticker price. This was a conditional objection. I was willing to purchase the car if the dealer met my condition.
Whether the objection is relatively important or unimportant to the buyer determines how you will respond to the objection. You want to concentrate your efforts on objections that that is directly related to an issue important to the buyer. An important objection requires your focused attention to deal with the objection satisfactorily.
On the other hand, an objection to a relatively unimportant issue does not require a major discussion to resolve. So, don’t make a mountain out of a molehill.
Often less experienced salespeople will tackle every buyer objection, whether important or unimportant, as though they were planning an assault on Mt. Everest. Experienced salespeople learn to give objections to the attention they deserve to address them satisfactorily, and then they move on with their presentation.
Sometimes, and I know this will come as a surprise to some of you, but buyers don’t always say what they mean when they object to something. Sometimes they will offer a real, tangible objection like “your price is too high.” But their real objection is hidden. What they really mean to say is, “I don’t think I can afford it.”
Price is the stated objection, but the real objection, the hidden objection, is their concern about affordability.
It takes experience to sense whether a stated objection is the real one, or if there is an objection the buyer is hiding.
One way you can tell whether an objection is real or if there is also a hidden is to respond to the stated objection assuming it is real. Then, if the buyer continues the objection to the same issue, you may be dealing with a hidden objection.
I had one buyer who wanted to discontinue a product I was selling him. I tried to determine his reason, and he kept giving me different reasons. I dealt with each objection. Finally, somewhat exasperated, I said, “Look, your business is very important to me, and I feel like you’re not telling me what is really driving your decision to discontinue this product. I can’t help you if you aren’t frank with me.”
Finally, he broke down and told me the real reason he was planning to discontinue the product. Once he finally gave me the hidden objection, we worked together to solve the problem, and I kept the product in distribution.
Now that you thoroughly understand the objection, you are ready to respond.
How you respond to the objection depends on your understanding of the objection (what we just discussed), and the type of objection (what we will discuss next).
The vast majority of objections you will hear throughout your career will be one of these six types:
Learning about the six types of objections and developing a plan to address each type will enable you to handle them more effectively and efficiently.
Hidden objection, as the name implies, are objections the buyer hides from the salesperson. The buyer hides his or her true objection either by asking unimportant questions to deflect the salesperson or by their silence.
Buyers hiding their true objections will often pleasantly converse with the salesperson, yet never reveal their true objections.
Overcoming the hidden objection begins with the salesperson listening carefully to the buyer’s tone of voice, observing their body language, and noting their response to the salesperson (either unimportant questions of the silent treatment).
Then, the challenge for the salesperson is to open up communication with the buyer through a series of open-ended questions. Eventually, through these questions, the salesperson may be able to get the buyer to open up enough to reveal their real objection.
When subtle methods fail to get the buyer to reveal their real objection, a direct approach may be effective. The direct approach asks the buyer directly and specifically what the hidden objection is so it can be resolved.
I had one buyer who I had worked with successfully for months suddenly resist my recommendations and showed signs of having hidden objection. After several minutes of asking open-ended questions to get him to reveal the hidden objection, he would not budge.
Finally, I closed my notebook, edged up closer to his desk, looked him straight in the eyes, and said, “Look, our relationship is a bit like a marriage. If you don’t tell me the truth, we can’t solve this problem. But I am confident if you tell me what is really bothering you, we can deal with it together.”
It was a risky move, but I felt our relationship was strong enough to withstand my challenging approach. Suddenly, he relaxed, and told me what was really going on was an issue from upper management he didn’t personally agree with, but he felt he had to follow their direction. Together we worked through the problem in a way that made him look good to his superiors.
The stalling objection is a common tactic and is usually a false objection. Common stalling objections are: “I’ll think it over and get back to you,” I think I have enough inventory, check with me next time,” or “I need to check with my boss and get back to you.”
The first thing you need to do to deal with a stalling objection is to determine if the objection is real or false.
For example, if the buyer objects saying they have enough inventory, you need to determine if they have enough inventory to carry them until the next visit.
I had buyers use this stalling technique many times.
As you can see, some reasons for the stall are valid, and some are not. It is up to you to determine which is which and then take appropriate action.
No-need objections typically arise either when the buyer uses a similar product, and they have no intention of changing, or when they don’t see the need for the product at all.
With either case, the buyer may listen politely and then say, “Thanks, but I’m not interested now,” or “Thanks, but I’m happy with the product I’m using now.”
The challenge with the No-Need objection is, it doesn’t give the salesperson much of a clue what to say or do next.
Overcoming the No-Need objection requires you to open the conversation up and keep it going. If you know the buyer uses a similar product, you may be dealing with buyer loyalty to the product. If so, consider dealing with the objection as though it were a product or source objection.
If the buyer doesn’t use a similar product and they say they have No-Need, then to overcome the objection, you need to be able to demonstrate how your product can solve a problem for the buyer.
Money objections are among the most common you’ll encounter as a salesperson: The product costs too much, I can’t afford that, or I don’t have any money.
One difficulty of dealing with price objections is they are false objections as often as they are real objections.
Think about your own buying habits. If you’re like me, I bet you’ve told a salesman you couldn’t afford something when, in fact, you could. The real issue was you weren’t ready to buy, or you weren’t convinced the benefits of the product outweighed the price.
On the other hand, the price objection may be very real. A buyer may be comparing your price against competitors who is less expensive.
Overcoming real price objections requires the salesperson to reframe the value of the product, so the benefits outweigh the price. For example, often the operating cost of a premium product is lower than a less effective, lower price competitor. You can overcome the price objection by showing the buyer per use cost comparisons, or lifetime cost comparisons.
Objections to products usually come up either when a buyer is buying a product they are not familiar with, or when they already are buying a competitive product.
Buyers unfamiliar with the product may be unsure of their decision. They may be afraid the product will not perform as expected or that it isn’t all the salesperson claims.
Buyers familiar with the product may already be buying a competitive product and have preconceived notions about your product.
Overcoming product objections requires you to reassure the buyer about the product and the claims being made. This is usually done with some combination of guarantees, testimonials, independent research reports, and demonstrations.
Sometimes buyers are loyal to a company or a particular product. Presentations that suggest changing the source or particular product may result in what we call source objections.
Source objections came up frequently when I was selling Foodservice products. Chefs tend to be particularly loyal to both their sources and the products they use. Sometimes that loyalty was because they had a longstanding relationship with a salesperson or a supplier. Their loyalty to products was usually due to the product’s consistent performance.
Overcoming the source objection requires developing a strong relationship with the buyer. Get to know them and their specific needs. The better you understand their unique needs, the better you can serve them.
Step 6: Determine Objections is the seventh in a series of articles, which have been created to teach you how to craft and deliver the Ultimate Sales Presentation in 10-Steps.
If you missed a prior article in this series or you want to review one again, you’ll find them here:
If you want to make sure you don’t miss one of these articles, you can sign up to receive the series here.
As always, questions and comments are welcome. What process do you use to flush out objections in your presentations?
I’d love your help. This blog is read primarily because of people like you who share it with friends. Would you be kind enough to share it by pressing the share button?
Category: Salespeople