WORD-FOR-WORD OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. OBJECTION OBLITERATION SCRIPTS If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 1 3 Table of Contents 7 Objection #1: Well, I’ve tried several programs that just haven’t worked for me. 9 3-Step Formula to Help Prospects/Customers Overcome Their Own Concerns 11 Objection #2: This is just too expensive! 18 Objection #3: We don’t have the money for this. 23 56 Objection #19: I’m happy with my current vendor/company. 57 Objection #20: I don’t know what I need to improve. 57 Objection #21: I don’t know if it will work for what we do/for our industry. 80 Objection #36: I make the decisions around here, we don’t need to talk to anyone else in the company. 82 Objection #37: I’m worried this might not work out. 84 Objection #38: What’s different about your company compared to others out there that do similar things to you? 85 Objection #39: Can you give me any guarantees? 88 Objection #40: I’ve never done this before, that’s more money than I’ve ever spent. 58 Objection #22: There is no budget allocation left for this year, maybe next year, call back then. Objection #4: I need to think it over. 62 Objection #23: I’m already speaking with another company. 26 Objection #5: Send me some references 63 Objection #24: You’re more expensive than our current vendor. 28 Objection #6: I’m so busy can you just send me a quote? 64OBJECTIONS Objection #25: I’ll get backONLY to you CONCERNS 89 Objection #41: We are still “price ARE on this. shopping”. 30 Objection #7: Can you send me some information? 66 30 Objection #8: I’m just so busy, can you just call me back? Now is not the time to REACT .. but most sales people just REACT #43: to anI objection. 92 Objection never make rash at that point many salespeople just fly decisions. off the cuff instead of working to 69Unfortunately, Objection #27: I just have way too uncover what the objection actually means. 32 Objection #9: Can you send me a proposal? 34 Objection #10: I need to talk to my spouse or partner. me realize a call back later? 94 #44:toWe use Please that this is not the time to go back into Objection a selling mode try already to persuade vendor we same go with them with logical facts on why your solution is good for them.X, It’swhy timeshould to use the and #28: methods you different have learned from N.E.P.Q. 71principles Objection What’s you? 41 Objection #11: I need to check my finances. 42 Objection #12: I’m going to try and do this myself. 45 Objection #13: I don’t know if I have the time. 47 Objection #14: I need to pray about it. 48 Objection #15: I need to take to this to the board and see what they have to say. 49 Objection #16: This is just too expensive for us right now. 50 Objection #17: I already have a coach/mentor! 51 Objection #18: I’ll get back to you or we will get back to you. 2 Objection #26: I want to make sure 91 Objection #42: I want to speak to First of all … we have to realize that an objection is only a concern your prospect has. right time for me to focus on other companies first. It’s it’s not the a rejection of YOU. this. many things going on, can you give about your company compared to others out there that do similar 96 Objection #45: I don’t want to go If you have done your work correctly and gone deep into the conversation things to prospect you? debt. with your ... most, if not all objections, into will be eliminated during the 71 engagement stage of the process. Objection #29: Can you give me a 97 Objection #46: I don’t want to better price, we had another quote commit to anything. If you do get an objection at this stage, just look at it as a concern. Try to understand that was cheaper. the customer, and put yourself in your customer’s shoes as they determine if what 99 Objection #47: I need to ask my you’re offering is only a promise of a better future. 74 Objection #30: I want to compare mom/brother/financial advisor/uncle Understand thatanother they have to make that commitment before what you prices with vendor. who livesyou in deliver a van down promised. Quite possibly, their objection is nothing more than a request for more by the river. information. 75 Objection #31: I don’t need the product/service. 101justObjection #48:forIsathis scam? There’s also the possibility that their objection may be a request few asimple changes that they would like to see included in what you have offered them. Perhaps want a few changes to the negative terms of what 103 you are offering. #49: I just have this fear 75they Objection #32: I saw some Objection reviews about your company online. that it won’t work out for me. Objections, or concerns, are sometimes requests for any of the following: 77 Objection #33: I can get the same 1. The price of the solution thing somewhere else.you’re offering. 105 Objection #50: It sounds too good to be true. 2. The timing of your solution. 78 108 Objection #51: Can you just give this to me for free, and once I make money I will pay you quality of what you’re offering ... perhaps they back? want you to commit more time or 794. The Objection #35: Not interested. Objection #34: If I buy this, I could lose my job. or how they will be serviced. 3. The follow-up, more resources like personnel to meet their needs. 3 First of all, we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT to an objection you get! Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. If you have done your work correctly and gone deep into the conversation with your prospect using NEPQ™ ... OBJECTIONS ARE ONLY CONCERNS Most, if not all objections, will be eliminated during the engagement First of all … we have to realize that an objection is only a concern your prospect has. It’s notwe a rejection YOU. stage of the process which willof show you tomorrow. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. That’s called objection prevention. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Let me repeat that you can literally reduce the objections you are If you have done your work correctly and gone deep into the conversation getting right now by 70% or more. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. If you do get an objection at this stage, just look at it as a concern. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Try to understand the prospect’s point of view and put yourself in their the possibility that their objection may just be a request for a few simple shoes as they determine if There’s whatalsoyou’re offering is only a promise of a changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. better future. Objections, or concerns, are sometimes requests for any of the following: price of thethat solutioncommitment you’re offering. Understand that they have 1.toThemake before you deliver 2. The timing of your solution. what you promised. 3. The follow-up, or how they will be serviced. Are you with me? 3 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 3 Now, when a prospect brings up an objection how do you usually react? What starts going through your mind when you hear an objection like this? ● Your price is too high. ● We don’t need it. ● I’m not interested ● Let me think it over. ● Can you leave me some information? ● We don’t have the budget for this. ● Is this a scam? ● I can’t afford it. ● I saw some negative reviews about your company online. OBJECTIONS ARE ONLY CONCERNS ● We already have a company we use for that. ● I need to get more quotes. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. ● I need to talk to my spouse. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. What goes off in your mind them when youfactshear with logical on why these your solutionobjections? is good for them. It’s time to use the same Please realize that this is not the time to go back into a selling mode to try to persuade principles and methods you have learned from N.E.P.Q. If you have Mode” done your work correctly and gone deep into the conversation You go into “Objection Handling like a robot because that’s what with your prospect ... most, if not all objections, will be eliminated during the you might have been taught.engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. We get impatient. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. You’ve heard this same objection before so you sometimes cut them There’s also the possibility that their objection may just be a request for a few simple off before they even finish their sentence, and try to overcome it with facts changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. and logic to try and prove and support your solution. Objections, or concerns, are sometimes requests for any of the following: The pricefelt, of the solution you’re offering. You might even use the old1.feel, found technique that’s been around 2. The timing of your solution. since the stone ages of selling. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or “Mr. Prospect I know how feel, others have felt the same way more you resources like personnel to meet their needs. and this is what they found.” 4 3 This does not work on most of your prospects..Throw it out the door, unless you want to be average in sales…. Now is not the time to try to sell them or persuade them on why you are “right”. It’s time to listen and validate what they are saying and feeling, and even ask them to expand on why they feel that way. You will notice that once you do, they will completely open up to you and look at you as an expert, as a trusted authority, not someone trying to just sell them something. Once again, if you have asked the right questions at the right time in the ARE ONLY CONCERNS conversation, most, if not OBJECTIONS all their objections will be eliminated during the engagement stage”. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. You don’t want to have commission breath here!!! #noCO breath Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. How powerful could you bethem in with selling if on you knew skilled logical facts why your solutionspecific is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. questions, and when and how to ask them to get your prospect to If you have donepersuade your work correctlythemselves and gone deep into the conversation overcome their own concerns and that they with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. wanted to buy from you, rather than you trying to chase after them yourself? If you do get an objection at this stage, just look at it as a concern. Try to understand Please realize that this is not the time to go back into a selling mode to try to persuade the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have toNEPQ™ make that commitment before you deliver you I’m going to give you someUnderstand very powerful questions, likewhat hors promised. Quite possibly, their objection is nothing more than a request for more information. d’oeuvres, just a little nibble, that you can ask them at any time in the There’s also the possibility that their objection may just be a request for a few simple conversation if a concern arises that will automatically put you in front changes that they would like to see included in what you have offered them. Perhaps want a few changes to the terms of what you are offering. of the pack of salespeopletheytrying to win over that same account or prospect and put you at the top inor concerns, your sales office. Objections, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 5 3 I want you to understand that sometimes even with a perfect dialogue with a prospect you might encounter a few ‘concerns’. Discuss these with your potential customer. If you try to hide the objection or just sweep them under the rug, it will still be in their mind when you try and close the sale which will create even more objections. So if we hear certain things in the conversation that are signs to you that they are possibly going to have an objection about when you go through your presentation at the end, then you need to ask certain questions to seed in their mind and eliminate the objection. Let me give you an example of this that is industry specific so you can OBJECTIONS ARE ONLY CONCERNS see how it might work. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Let’s say, if you sold in the high ticket industry and you sold a Now is not the time to REACT .. but most sales people just REACT to an objection. training program that teaches business owners how to scale their Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. companies. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. I was just working on a script right before this for a company in this If you have done your work correctly and gone deep into the conversation space. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 6 3 Objection #1: Well, I’ve tried several programs that just haven’t worked for me. And the prospect says halfway through “Well, I’ve tried several programs that just haven’t worked out for me.” Well now you know they still have that fear in their mind, so when you drop the price of what it will take to buy your services do you think that fear is still going to be there? You bet it is! So I might say, “Hold on when you say they didn’t work for you, what programs did you go through?” Let them answer... OBJECTIONS ARE ONLY CONCERNS YOU: Oh and what parts ofFirstthose feel for you? of all … wedo haveyou to realize that andidn’t objection work is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at thatand point many salespeople just fly off the cuff instead of working to PROSPECT: Well they didn’t do this they didn’t do that… uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: Awww, okay and were there other people getting results in that program? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: (Most will say) Yeah I guess there were some I saw that If you do get an objection at this stage, just look at it as a concern. Try to understand said they were. the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you YOU: So if other people were getting results do you feel held promised. Quite possibly, their objection is what nothing more than a request for more information. you back from having success like they were? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Well I really didn’t like their support system they had and Objections, or concerns, are sometimes requests for any of the following: around that time we had our baby and we just didn’t have a lot of time to 1. The price of the solution you’re offering. put into it. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. Now most will start to view in their mind that maybe it was them, maybe 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel meet their needs. they didn’t put in the time, maybe they didn’tto really work hard enough 7 3 or really show up and it empowers them to feel like they won’t let that happen again. YOU: Okay so support is important to you then? What did I do there? They just said that the last thing they got involved with didn’t have great support, so instead of me saying “Oh don’t worry, we have the best support here, that will NEVER happen with us.” Which is what every salesperson says, and even the person who sold her the last program said that too, so if you sound just like them, she starts to get skeptical and loses trust. OBJECTIONS ARE ONLY CONCERNS So when I say, “Okay so support is important to you then?” That First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. implies what? That we haveIt’s great support. I just seeded that into her Now is not the time to REACT .. but most sales people just REACT to an objection. mind. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. And now at the end of the presentation it’s foris good them toIt’shave this them with logical facts on why hard your solution for them. time to use the same principles and methods you have learned from N.E.P.Q. objection now because you have helped them overcome it in their mind you the have done your work correctly and as gone an deep into the conversation so it doesn’t resurface laterIfwith in sales process objection. your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. Do you see how that works? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have towill make have that commitment before you deliver what you Let’s jump back in, so NEPQ™ questions already established promised. Quite possibly, their objection is nothing more than a request for more information. never do with their prospects, you have something that most salespeople There’s also the possibility that their objection may just be a request for a few simple established TRUST! changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. So you will already have a good relationship. So be open ask if there Objections, or concerns, are sometimes requests for anyand of the following: 1. The price of the solution you’re offering. is anything they would like to address to you at this point and bring any 2. Theare, timing oftalk your solution. concerns to the table. If there about them as two people working together to resolve them. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 8 3 3-Step Formula to Help Prospects/Customers Overcome Their Concerns I’m gonna give you a 3-Step Formula to help prospects/customers overcome their own concerns: 1. CLARIFY 2. DISCUSS 3. DIFFUSE Let’s take a closer look at each of these steps. OBJECTIONS ARE ONLY CONCERNS STEP 1: CLARIFY First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. First, we have to understand exactly what their concern is,cuffand why they Unfortunately, at that point many salespeople just fly off the instead of working to uncover what the objection actually means. have the concern - what’s behind it? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Most salespeople just assume they know and they go into objection If you have done your work correctly and gone deep into the conversation handling mode and never ask. Then what usually happens? Theyduring lose with your prospect ... most, if not all objections, will be eliminated the the engagement stage of the process. sale. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. You’ve heard this concern before from other prospects, so you start Understand that they have to make that commitment you deliver what rattling off a “rebuttal” that you might have been taught.before I want you toyoustop promised. Quite possibly, their objection is nothing more than a request for more doing that! HOLY MOTHERinformation. OF MARY! STOP THE MADNESS! There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Now let’s find out what is behind their concern so we can help them Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 9 3 resolve it. Here are some NEPQ™ Clarifying Questions to ask: ● When you say … (repeat back what they said) what do you mean by that? ● When you say … (repeat back what they said) how do you mean by that? ● I’m curious why you feel this way? ● Can I ask where you got that information from? OBJECTIONS ARE ONLY CONCERNS ● How did you arrive at thinking that way? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. ● How did you arrive at that? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. ● Can you tell me more about that? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. ● Why do you feel that way? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. ● Can you tell me what you mean by that exactly? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. When you say (repeat the concern)…What’s behind that? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Like if they say “I just have some concerns about what’s in the contract? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. You say: Can I ask what’s behind that just so I understand? Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 10 3 Objection #2: This is just too expensive! PROSPECT: This is just too expensive for our company. NEW MODEL SALESPERSON: How do you mean by it’s too expensive? PROSPECT: Well, another company I am looking at is 10% cheaper for the same product. Do you see how that works? The salesperson now knows what the prospect means when they say it’s too expensive. In other situations, it could mean something completely different. OBJECTIONS ARE ONLY CONCERNS It could mean: “We just don’t have the budget for this right now.” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. OR … “Your quote would be too high we add and Unfortunately, at thatfor point us manyonce salespeople just fly off thein cuffrepairs instead of working to uncover what the objection actually means. maintenance costs.” Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. (If you sell farm equipment, train companies that sell that.) If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. OR … “Once we hire someone to implement the software, it takes us over you do get an objection at this stage, just look at it as a concern. Try to understand what we have allocated forIfthis.” the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment you deliver what you It could mean many different things depending on your before industry. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple Can you see how each of these answers a different reason the changes that they would likereveal to see included in what you have offered them.for Perhaps they want a few changes to the terms of what you are offering. objection of “this is too expensive”? Objections, or concerns, are sometimes requests for any of the following: Here is another example: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. PROSPECT: This proposal is just too expensive for the company. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. NEW MODEL SALESPERSON: Why do you say it’s too expensive? or “How do you mean?” 11 3 PROSPECT: Well, the most we could pay for this service is about $7k a month maximum, and you’re quoting me around $11k a month. NEW MODEL SALESPERSON: Can I ask you how you arrived at that monthly figure of $7k a month? PROSPECT: That is what our CEO has allocated us to be able to spend on this type of service because of cutbacks in our department from the merger. Now the salesperson can see the picture more clearly than before. The meaning of “it’s too expensive” is that the CEO has only allocated OBJECTIONS ARE ONLY CONCERNS $7k monthly due to cutbacks because the company has recently gone through a merger. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. the time to REACT .. but most sales people just REACT to an objection. With this extra knowledge, Now theis not salesperson may be able to negotiate a Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. different agreement on price, perhaps by changing service options from Please realize that this is not the time to go back into a selling mode to try to persuade the original offer or by giving them a facts different service matches them with logical on why yourtype solution isof good for them. It’s that time to use the same principles and methods you have learned from N.E.P.Q. their budget. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. OR, when you get really good and you’re a client of ours and you go through our NEPQ™ training youat this ask questions like this; If youcourses do get an objection stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you “Do you feel like the budget you’ve been given is sufficient to solve promised. Quite possibly, their objection is nothing more than a request for more information. this problem?” There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. OR… Objections, or concerns, are sometimes requests for any of the following: The pricecost of the solution you’re offering. “So help me understand, 1.with being the most important thing 2. The timing of your solution. to your CEO can I ask how that compares to your company actually The follow-up, or how they will be serviced. getting results and being 3.able to solve this problem though?” 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 12 3 Now what does that question do? Now that gets them to think that maybe they need to go get funds from somewhere else, a different department to be able to invest with you to solve their problems. They will go get the funds to do it if they don’t have it. Do you see the difference? Our first B2B client was Google Adwords. We trained three of their divisions about 250 people in total. So someone referred me to them, they had heard of my sales success, they probably said, “Yeah we will meet with this stupid kid, we’re Google we dont need any sales training, we already do billions.” OBJECTIONS ARE ONLY CONCERNS They bring me in there Tempe AZ offices, this whole glass building for First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. am I doing here?” miles, very intimidating, likeIt’s“OMG what Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Within 15 minutes they were into it, they started to realize from my Please realize that this is not the time to go back into a selling mode to try to persuade questions that they were just product training. was themreally with logicaldoing facts on why your solution is good for them.Which It’s time to use the same principles and methods you have learned from N.E.P.Q. costing them millions a month in lost sales. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. They were just educating the prospects about the products and services, winging and then hoping and they would If youpraying do get an objection at this stage, justbuy. look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand have to make that commitment before you deliver what youour But then they said this… “We arethatintheybut we have already allocated promised. Quite possibly, their objection is nothing more than a request for more information. training budget and it’s been used this year.” There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. So we have to wait ‘till the new budget comes out next year. A lot of companies are set up that way if you sellareB2B, especially 100Objections, or concerns, sometimes requests for anyFortune of the following: 1. The price of the solution you’re offering. 500 companies. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. They said that in early September. They wanted to start January 20th. quality of what you’re offering ... perhaps they want you to commit more time or That was 5 months away! 4. The more resources like personnel to meet their needs. Now, do we really believe that 5 months later a sale is going to happen, 13 3 probably not right. So I knew I had to help them overcome this concern for them. And I started to help them find out by my questioning ability they were also losing about 40% of their salespeople every 90 days in those 4 divisions, which was costing them $3-4 million of dollars a month in rehiring, onboarding, product training etc. And after ten minutes of me probing deeper, they were sweating with the pain of them realizing that their jobs were at stake if this kept happening. And I simply asked them, “Well you tell me which is more risky? You guys getting the funds from another department, the $68K, your problems get solved, and you double to triple your numbers in these divisions? Or is it more risky for you to do nothing at all over the next 5 months, you lose OBJECTIONS ARE ONLY CONCERNS another $4 million x 5 months is $20 million by losing more salespeople and the situation gets even worse?” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Which is more risky? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. The VP of those divisions said “That’s picked upforthe phone them with logical factsright!” on why your solution is good them. It’s time to useand the same principles and methods you have learned from N.E.P.Q. called a different department and were asking for our wire details. They youclassroom have done your worktraining! correctly and gone deep into the conversation paid me $68k for 12 hrs of Ifwith in your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. This was before we even had virtual platforms for Try clients that If you our do get an objection training at this stage, just look at it as a concern. to understand the customer, and put yourself in your customer’s shoes as they determine if what we have now. you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. The point here is because of the questions I asked them and how I asked the possibility that their objection may just be a request for a few simple them they started to realizeThere’s thatalsothey were losing millions of dollars a changes that they would like to see included in what you have offered them. Perhaps want a few changes to the terms of what you are offering. month in revenue because they their sales process wasn’t working and they had about 40% of salespeople quitor concerns, everyare90 days.requests for any of the following: Objections, sometimes 1. The price of the solution you’re offering. timing far of yourless solution.risky for them to go get the They were able to see that 2.itThewas 3. The follow-up, or how they will be serviced. funds from a different department to solve the problem now, than to wait 4. The quality of what you’re offering ... perhaps they want you to commit more time or 5 months, lose millions more dollars inpersonnel lost sales, and more resources like to meet their needs.attrition with their sales teams and nothing would change. 14 3 Now if I didn’t know how to resolve their concern, I wouldn’t have been able to solve their problems, and that was up to me to do, just like if you’re not able to help your prospects resolve their concerns. Whose fault is that? It’s yours. You’re holding back your prospects from solving their problems and getting what they want, because for somehow, selfishly, you’re still not willing to learn the right skills to be able to help them find the problems they didn’t know they had, so they can buy from you and solve those, and you get paid a lot of money for that. Somehow you just are selfishly not learning those skills so you can help your prospects get the results they want! OBJECTIONS ARE ONLY CONCERNS Now I’m not willing to do that, are you willing to do that? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. the time to REACT .. but most sales people just REACT to an objection. Do you want to change ALLNow ofis not that right now? Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Now we got them a 244% increase in on sales those 3them. divisions insame the them with logical facts why yourin solution is good for It’s time to use the principles and methods you have learned from N.E.P.Q. first 90 days!!! Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. It made them close to an extra $60 million more in sales that year in those 3 divisions. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to make that commitment before you deliver what you Was it worth the $68k they Understand invested? promised. Quite possibly, their objection is nothing more than a request for more information. also the possibility that their objection may just be a request for a few simple Asking skilled questions There’s about their concern helps you get better changes that they would like to see included in what you have offered them. Perhaps want a few changes to the terms of what you are offering. information that clarifies they their concerns and assists you in finding a solution. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. and overcome their own You are also helping your prospects think follow-up, or how they will be serviced. concerns. You’re requesting3. The clarification about their objection so that you quality of what you’re offering ... perhaps they want you to commit more time or can fully understand it. 4. The more resources like personnel to meet their needs. 15 3 STEP 2: DISCUSS Now, once you know what their real concern is and why they feel that way you will then discuss it like a friend talking to another friend, conversationally. Most salespeople at this point go into presentation mode where they try to prove with facts and figures that they are right and the prospect is wrong. This is a sin in sales! GOOD LORD! Do you know how many sales you lose every week because you are doing that? Never do that if you want toOBJECTIONS make the sale a top performer in ARE and ONLYbe CONCERNS sales! First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Talk conversationally. Remember, at this point in the conversation you Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that pointthe many salespeople just one. fly off the cuff instead of working to have built trust, you are the authority, trusted uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Because of that they are open with you. You are working and discussing the concern as two people on the same team trying to solve their If you have done your work correctly and gone deep into the conversation problems. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 16 3 STEP 3: DIFFUSE You’re going to ask them how they see themselves resolving their concerns. Let me repeat myself…. After you have discussed the concern, you can then start diffusing their concerns and helping them overcome their concerns in their mind. You can ask NEPQ™ starter phrases like these: (I’m just going to give you a little nibble here compared to what our clients learn in our virtual training.) ● Suppose it wasn’t what you thought it was? ● Suppose you could … ? ● What if we could … ? OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. ● What if you could … ? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Stop saying, “If I could show you…would you buy today?” Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Or, “What’s it going to take for us to get you in the car today, or get you to If you have done your work correctly and gone deep into the conversation buy this product today?” with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection so at thismany stage, just look at it as a concern. Try to understand HOLY HELL BATMAN!!! You are losing sales by doing this!!! the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. It just triggers resistance where they feel you are just trying to sell them Understand that they have to make that commitment before you deliver what you something!!! promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would to see included in what you have offered Perhaps You would just change the wording oflikethat to something likethem. this: they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: “If there was a way you could ____________ … would that help you?” 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 17 3 Examples of How to Diffuse Concerns: Let’s go over specifically how to overcome certain objections. I know all of you get on here! Let’s talk about the price concern. Objection #3: We don’t have the money for this. Who wants to learn how to do this? Here is an example of how this might look. OBJECTIONS ARE ONLY CONCERNS This is deliberately generic so that you can easily plug in your own industry and tailor to the product service you sell. is only a concern your prospect has. First of all …or we have to realize that an objection It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. at that point many fly off the cuff instead working to PROSPECT: We likeUnfortunately, your product, butsalespeople at thisjusttime we just ofcan’t uncover what the objection actually means. afford it. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. NEW MODEL SALESPERSON: That’s not a problem...Tell me, if If you have done your work correctly and gone deep into the conversation you did have the money/funding, this be something that with your prospectwould ... most, if not all objections, will be eliminated duringwould the engagement stage of the process. work for you? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. ***If you have asked the right questions in the conversation they will that they have to make that commitment before you deliver what you always say YES.*** Understand promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that there? they would like to see included in what you have offered them. Perhaps Did you notice how I paused they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: PROSPECT: Yeah, for sure. 1. The price of the solution you’re offering. NEW MODEL SALESPERSON: Why do you feel it would 3. The follow-up, or how they will be serviced. though? 4. The quality of what you’re offering ... perhaps they want you to commit more time or 2. The timing of your solution. more resources like personnel to meet their needs. Do you see the skepticism here? 18 3 PROSPECT: Well, we like ... but we just don’t have the money for it. NEW MODEL SALESPERSON: I can appreciate that money might be an issue for you. How do you think you can resolve that where you can find the money so that you can… Here you just plug in what they said they wanted. You are tying in them getting the funding/money with having what they said they wanted. If they don’t get the funding/money then they can’t have what they said they want. Many times when you ask them this question, because of the trust they ARE ONLY CONCERNS have in you, they will be theOBJECTIONS ones to come up with ways on how they can get the funds together. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. When you do this correctly,Now they’ll think about using a credit card, getting Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. a loan, refinancing their house, borrowing from their 401K, investments, Please realize that this is not the time to go back into a selling mode to try to persuade or getting their boss to takethem money a different department touseinvest with logicalfrom facts on why your solution is good for them. It’s time to the same principles and methods you have learned from N.E.P.Q. in your solution depending on what you sell. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Now, if they cannot come up with ways on how they can get the money, you can ask them this question: “What other avenues you have to find If you do get an objection at this stage, just look at it do as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what the funding so that you canyou’re ...”offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Once again, you are just filling in the second thing they said they wanted. There’s also the possibility that their objection may just be a request for a few simple Here are some examples. We train hundreds of different industries. I wish changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. I could show all of the examples to you but here are just a few. Objections, or concerns, are sometimes requests for any of the following: The price of the solution you’re offering. If you sell Home Security1.Systems: 2. The timing of your solution. 3. The follow-up, or how they will be serviced. “What other avenues do you have to find the funding to protect your The quality of what you’re offering ... perhaps they want you to commit more time or home and family from4.intruders breaking in?” more resources like personnel to meet their needs. 19 3 If you sell Health Coaching or Supplements: “What other avenues do you have to find the funding to be able to lose this 90 pounds so like you mentioned you can be able watch your grandkids grow up? (If that’s what they said they wanted.) If you sell rental or commercial properties: “What other avenues do you have to find the funding to purchase this rental property so you can get a greater return on your money?” For Real Estate: “What other avenues do you have to find the funding to use ONLY CONCERNS as a down payment soOBJECTIONS you can getARE your family into this safer neighborhood?” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. For Lead Services or Marketing to companies: Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. “What other avenues do have towhyfind the isfunding start them you with logical facts on your solution good for them.to It’s time to usegetting the same principles and methods you have learned from N.E.P.Q. a higher quality of leads so your salespeople can make more sales If you have done your work correctly and gone deep into the conversation for you?” with your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. And for Life Insurance: If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand they have make that commitment deliver what you “What other avenues do youthat have totofind the fundsbefore so you that your promised. Quite possibly, their objection is nothing more than a request for more information. family can be financially protected when you do pass away?” There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. For Cyber Security to business/banks: Objections, or concerns, are sometimes requests for any of the following: 1. Theyou price ofhave the solution offering. “What other avenues do toyou’re find the funds so you’re 2. The timing of your solution. able to protect your customers from the fraud and identity theft? 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Now I’m going to give you an industry specific example so you can see how the structure works for what you sell. Just plug in your product or service here. 20 3 In this example, the salesperson is selling e-Commerce training. “Tell me … if you did have the funds, is this something that would work for you?” (They will always say yes.) “Why though?” (Take note of the tonality I use with this question. It’s like you’re a Hollywood actor - George Clooney.) Or if they say, “I do BUT I just don’t have the money…” You say, “Money aside why do you feel it would work for you OBJECTIONS ARE ONLY CONCERNS though?” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. “Okay, so I can appreciate that money might be an issue for you. is not the time to REACT .. but most sales people just REACT to an objection. How do you think you Now can resolve that? Where you can find funding Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. so you can start making profits in your stores?” Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. (Let them come up with ways.) If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If they cannot figure it out: If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. “What other avenues do you have to find funding to start a business Understand that they have to make that commitment before you deliver what you so you can make more money?” promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple If they still can’t come up with ways: changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. “Have you ever considered a credit and just paying Objections,putting or concerns,it areon sometimes requestscard for any of the following: 1. The priceprofits of the solution you’re offering. it off when we start making after we set everything up with 2. The timing of your solution. you?” 3. The follow-up, or how they will be serviced. OR… 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. “Can I make a suggestion?” 21 3 “What I can do is show you the avenues that our other clients use to get the funding if they don’t have it themselves, you will have to see if you have those options if you’re wanting to (repeat back what they said they wanted) start your own business where you can make more money.” After you go through the ways they find the funds, you simply ask… What of those avenues do you have? Here is the complete generic version. Once again, plug in what you sell to this structure: OBJECTIONS ARE ONLY CONCERNS “Tell me, if you did have the funding/budget/money, is this something that would work for you? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. “Why do you feel it would though?” Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. “I can appreciate that money might ansolution issue from what you told them with logical facts on be why your is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. me. Tell me, how do you think you can resolve that so you can … ?” you have done your work correctly and gone deep into the conversation (Repeat back what theyIfwith want.) your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. “What other avenues do have toat find the budget/funding/money If you you do get an objection this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what so you can … ?” (Repeat backis only what they said they wanted.) you’re offering a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. “Can I make a suggestion?” There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. And you will simply suggest what other clients of yours do to find the funds to solve the problem. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 22 3 Objection #4: I need to think it over. How do you disarm the prospect where they won’t push back, where they will open up to you and tell you what their real concern is. What do most reps say when they get this concern at the end? Most reps say something like this or they have different versions of this. PROSPECT: We really like this but we need to think it over. SALESPERSON: I’m confused you said, (and then repeat back what they said they wanted, and then say) what do you want to think about, or what do you need to think over? OBJECTIONS ARE ONLY CONCERNS Now all that is a logical based trap to get the prospect to admit that they said they wanted to changeFirsttheir situation, but do people buy on logic or of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. emotion? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Emotion, of course, so you will win over a few but you are losing a ton Please realize that this is not the time to go back into a selling mode to try to persuade withknew logical facts on whyto youruse solutionhuman is good for them. It’s time to use to the same that you could be making ifthem you how behavior your principles and methods you have learned from N.E.P.Q. advantage and really theirs as well. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Realize when your prospect says “I want to think it over” most of do get an objection at this stage, look at itquestions as a concern. Try to the time this is because youIf youhave not asked thejustright atunderstand the the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only promise of a better see future. clearly what their right time in that sales conversation toahelp them Understand that they have to makeand that commitment deliver what you problems are, the root cause of the problem, how itbefore willyouaffect them if promised. Quite possibly, their objection is nothing more than a request for more information. they don’t do anything. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Remember when a prospect says I want to think it over, that is NOT the Objections, concerns, are sometimes requests for any of theabout following: it objection. Do you really think theyorgo back and start thinking 1. The price of the solution you’re offering. several hours a day? 2. The timing of your solution. 3. The follow-up, or how they will be serviced. NO, they have a real concern but they are just not wanting to tell you what 4. The quality of what you’re offering ... perhaps they want you to commit more time or more like it personnel to meet that is, so they just say I want toresources think over. It’stheir a needs. knee jerk response. 23 3 Remember though that you can’t tell them that. You have to ask the right questions that allow them to tell themselves that, and when they tell themselves why they need to change their situation, they persuade themselves, and it creates massive urgency for them to want to purchase now, not weeks or months down the road. Now on the flip side, when they feel that the problem is not that bad because you couldn’t help them see that, because your questioning was off it causes them to feel that the problem they have might not be that bad after all, or maybe they feel you cannot get them the results they want. There has to be a gap in their mind of where they are now or the current situation, the current state compared to where they want to be, we call that the objective state. OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not from a rejectiongetting of YOU. And what’s holding them back what they want? All these Now is not the time to REACT .. but most sales people just REACT to an objection. problems that your questions have helped them find. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. The larger the gap, the more there is solution for them buy now, not themurgency with logical facts on why your is good forto them. It’s time to use the same principles and methods you have learned from N.E.P.Q. later. Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. That gap can only be created in their mind by the questions you ask them. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that theythis have toconcern. make that commitment deliver what you Here is an example of how Understand to resolve Thisbefore is ayougeneric promised. Quite possibly, their objection is nothing more than a request for more information. example not industry specific. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: This soundsObjections, good,orbut let are me thinkrequests it over. concerns, sometimes for any of the following: 1. The price of the solution you’re offering. The timing of your solution. What’s your timeframe on SALESPERSON: That’s 2.not a problem. 3. The follow-up, or how they will be serviced. getting back to me in the next day or two just to see if I would be available 4. The quality of what you’re offering ... perhaps they want you to commit more time or for you? more resources like personnel to meet their needs. 24 3 Now why on earth would I not try to overcome that objection right here? Why would I try to set up a 2nd call? Because it takes the sales pressure right out of the conversation, it disarms the prospect and causes them to let their guard down. It also positions you as busy with other clients, you don’t need the sale. You’re detached. It disarms them and that’s where they become more open… PROSPECT: I guess I could call you in a few days. ***You need a scheduled time. No waffling.*** OBJECTIONS ARE ONLY CONCERNS SALESPERSON: Well possibly, I’m not sure I’d be available randomly like that. What I can do if you have your calendar handy, I can First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. pull up mine and have you It’s book a specific time with me, that way you Now is not the time to REACT .. but most sales people just REACT to an objection. don’t have to chase me down and vice versa, would that be appropriate? Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. (This is called a calendar commitment, works everytime and shows them with logical facts on why your solution is good for them. It’s time to use thethat same principles and methods you have learned from N.E.P.Q. you are not desperate, you are busy, you have tons of clients you are If you have done your work correctly and gone deep into the conversation helping solve problems.) with your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. Now after you book the appointment, youat ask this. If you do get an objection this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand have to were make that you commitment before youto deliver you SALESPERSON: Now before I that go,theywhat wanting gowhat over promised. Quite possibly, their objection is nothing more than a request for more in your mind (a better wayinformation. of saying, “What do you want to think There’s also the possibility that their objection may just be a request for a few simple about?”), just so I know what questions you might have when we talk changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. tommorrow? Objections, or concerns, are sometimes requests for any of the following: price of the solutionare you’re offering. Now this is the key at this1. The point, they going to tell you what their 2. The timing of your solution. real concern is. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 25 3 They might say, “Well I’m just concerned about, or I’m just not understanding this part, or I’m not sure if I can get the money for this.” Now would you rather know what their real concern is now when you are on zoom with them, in person or on the phone, rather than not knowing and hoping and praying they show up to the next appointment? And then you will be able to clarify their concern, ask a diffusing question, and then discuss it like two people who are trying to work out a solution together and most of the time close the sale on that call. OBJECTIONS ARE ONLY CONCERNS Objection #5: Send me some references First of all … we have to realize that an objection is only a concern your prospect has. It’s not of YOU. it’s because they have a If they they ask you this 99% ofa rejection the time is not the time to REACT .. but most sales people just REACT to an objection. concern. They don’t trust Now that you can get them the results they said Unfortunately, at that point many salespeople just fly off the cuff instead of working to what the objection actually means. they wanted, because youuncover don’t know the right questions to ask Please realize that this is not the time to go back into a selling mode to try to persuade that creates that certaintythem inwith their mind asthethe logical facts on whywhere your solutionthey is good forview them. It’s you time to use same principles and methods you have learned from N.E.P.Q. expert, as the trusted authority, and that’s exactly why they ask you for If you have done your work correctly and gone deep into the conversation references! with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Now that being said, references from satisfied customers can Try beto understand a great If you do get an objection at this stage, just look at it as a concern. the customer, and put yourself in your customer’s shoes as they determine if what tool to help a prospect move forward with your solution. you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. However, it can also be just a way for the prospect to get rid of you, the There’s also the possibility that their objection may just be a request for a few simple salesperson. changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. You have to ask qualifyingObjections, questions toarereally find out if this potential or concerns, sometimes requests for any of the following: 1. The price of thetheir solution you’re offering. customer is serious about changing situation, they have a concern or 2. The timing of your solution. they are just wasting your time. 3. The follow-up, or how they will be serviced. quality of what you’re offering ... perhaps they want you to commit more time or Here are some examples of4. The questions to askto meet if they ask the “send me more resources like personnel their needs. some references” question. 26 3 PROSPECT: Can you send me some references from other clients you have? SALESPERSON: That’s not a problem, I’m curious what would you like to ask them when you call? (This helps you find out if they have a concern.) OR SALESPERSON: Yeah that’s not a problem, just so I can send the right people to you, what specifically would you like to discuss with them? PROSPECT: Well I want to find out from them … OBJECTIONS ARE ONLY CONCERNS SALESPERSON: That makes sense, when do you plan on calling First of all … we have to realize that an objection is only a concern your prospect has. not a rejection YOU. if they are available for you? them so I can let themIt’sknow to ofsee Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well, I would probably just call them tomorrow Please realize that this is not the time to go back into a selling mode to try to persuade afternoon if that works. them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and into the works conversation SALESPERSON: I can reach out to them to gone seedeep if that for with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. them. Now, let’s pretend for a moment that the clients you talk to say good things about how weatwere to same If you do get an objection this stage, able just look at it assolve a concern. the Try to understand the customer, and put yourself in your customer’s shoes as they determine if what type of problems your company is having, where do you think you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you we should go from there? promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple WARNING: If you simply agree to send a prospect reference without a changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. commitment to know what the next step is after they talk to them, then you will most likely never hear from that prospect again. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 27 3 Objection #6: I’m so busy can you just send me a quote? Here is another example: If they ask this towards the beginning of your call, before you have even found out what their problems are, no real discovery, they just ask you “Can you just send me a quote? I don’t have time to talk!” PROSPECT: Can you send me a quote? SALESPERSON: Yes, that’s not a problem. What is it that you are hoping to see from the quote? PROSPECT: Well I’m just trying to see if we have the budget for OBJECTIONS ARE ONLY CONCERNS your program/XYZ product/service. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. SALESPERSON: Okay, I understand. It might make sense Now is not the time to REACT .. but most sales people just REACT to an objection. before I send a quoteUnfortunately, if I understood a littlejustbit about who at that point many salespeople fly offmore the cuff instead of working to uncover what the objection actually means. you’re using for XYZ/situation just to see if I could even help Please realize that this is not the time to go back into a selling mode to try to persuade with logical facts on why your solution good for them. It’s timeneed to use the us… same you in the first place,them because maybe youisdon’t even principles and methods you have learned from N.E.P.Q. for example, what type of … (You would start off by asking a few If you have done your work correctly and gone deep into the conversation situation questions to find outprospect their... present situation.) with your most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection the at this stage, just look at it as a concern. Try to understand Now, after you have taken them through engagement stage towards the customer, and put yourself in your customer’s shoes as they determine if what offering is only a promise of athe better question future. the end of the conversation,you’re you will bring up they asked that they have to make that commitment before you deliver what you about sending them a quoteUnderstand like this: promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple SALESPERSON: I will getthatto putting together a quote changes theywork would likeon to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. for you if you’d like. Now let’s assume for a minute we get you Objections, are sometimes for any the following: the quote and we were ableor concerns, to meet your requests needs toofsolve the 1. The price of the solution you’re offering. problem that you mentioned to me. What do you see as the next 2. The timing of your solution. step? 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet answers their needs. WARNING: If the prospect cannot give you any about his or her needs then this is probably a prospect that is either fishing for information, and or doesn’t have any funding/budget/money for your solution and is 28 3 just a waste of your valuable selling time. How many of you have lost sales with this objection, because you don’t know how to overcome it, you email them a quote or proposal and NEVER hear back from them? You follow up with them and they just GHOST you?!? That is a triggered objection by what you are saying in the beginning of the call that is causing sales resistance and they just throw that objection at you! Now once you learn NEPQ™ in our virtual training courses you can reduce that concern by 70% probably and if it does happen we teach you exactly what to say and ask that helps them resolve that in their mind! OBJECTIONS ARE ONLY CONCERNS Objection #7: Can you send me some information? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. If they ask this towards thethem beginning ofon a - “Can send me some with logical facts whycall your solution is goodyou for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. information?” Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Oh, okay great! Yes, I’m gonna email you some information. You get excited. Yay, I’m gonna make commission onatthis! If you do$3k get an objection at this stage, just look it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to make that commitment you deliver what from you Then you email them, youUnderstand get excited, but you don’tbefore hear back promised. Quite possibly, their objection is nothing more than a request for more information.again and they NEVER get back to them, you call and email them There’s also the possibility that their objection may just be a request for a few simple you… changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Can you sendorsome toformy email? Objections, concerns, information are sometimes requests any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. SALESPERSON: That’s not a problem, just so I can put together 3. The follow-up, or how they will be serviced. the best information for you, what exactly are you looking for? 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. PROSPECT: Well I’m looking to see how your XYZ product could… 29 3 SALESPERSON: Okay and who/what do you use now for your … ? (Now, you simply start going through the engagement stage with your first situation question. It’s a very natural way to go from just sending some information to helping the prospect uncover their problems and to start to engage with you.) Now, after you have taken them through the engagement stage towards the end of the conversation you will bring up the question they asked about sending them more information like this: SALESPERSON: Okay, good first call that helps us better understand what’s going on, what I can do if you’d like is send you OBJECTIONS ARE ONLY CONCERNS more information about how we could solve those challenges you had mentioned. Now, let’s suppose you and the firm go through First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection YOU. the information and it fits intoofwhat you are looking for. What Now is not the time to REACT .. but most sales people just REACT to an objection. would you want the next step to be? Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. WARNING: Never, never, them never send out information with logical facts on why your solution is good for for them.a It’s prospect time to use the same principles and methods you have learned from N.E.P.Q. without first finding out if this is a serious person wanting to change their you have done your work correctly andselling gone deep into the conversation situation. Otherwise, you areIfwith just wasting valuable time. your prospect ... most, if not all objections, will be eliminated during the Please realize that this is not the time to go back into a selling mode to try to persuade engagement stage of the process. Objection #8: I’m just so busy, can you just call me back? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Oh yes, when can I call you back? 9 PM on Saturday night? Okay I’ll There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps call you then. they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: You call and they don’t answer. You leave a voicemail and text and 1. The price of the solution you’re offering. they NEVER respond! 2. The timing of your solution. 3. The follow-up, or how they will be serviced. Oh no, I thought they were so interested! 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. PROSPECT: Can you call me back? I’m too busy right now. 30 3 SALESPERSON: That’s not a problem. What I can do if it helps you is give you my number and you’ll have to call me back later today to see if I would be available. Would that help? My number is 573-578-9872. What’s your timeframe on getting back to me today just to see if I would even be available for you? Asking them what their time frame just to see if I would be available for you is a very powerful question that helps position you as a trusted authority in the market. It makes it appear that you are busy with other clients, that you are not OBJECTIONS ARE ONLY CONCERNS needy. You don’t need them. In fact, you’re doing them a favor by calling back as they have problems and your solution will solve those for them. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. They will start to view you more as an expert whose time is valuable, Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. rather than just another salesperson trying to sell them something. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: I can get back to you sometime later in the week If you have done your work correctly and gone deep into the conversation probably. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. SALESPERSON: Well possibly, might toTryrandomly If you do get an objection it at this stage, just be look atharder it as a concern. to understand the customer, and put yourself in your customer’s shoes as they determine if what get a hold of me, with my schedule, what I can do though if you you’re offering is only a promise of a better future. Understand they have to make thatmine commitment deliver book what you a have your calendar handy, I that could pull out sobefore youyoucan promised. Quite possibly, their objection is nothing more than a request for more specific time with me,information. that way you don’t have to chase me down There’s also the possibility that their objection may just be a request for a few simple and vice versa … would that be appropriate? changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. This also positions you as aObjections, trusted authority whose time valuable, or concerns, are sometimes requests for anyis of the following: 1. The price of the solution offering. rather than just another salesperson whoyou’re they can shrug off at any time. 2. The timing of your solution. follow-up, or how they will be serviced. Now, if they don’t call back 3.atThethe scheduled time, you wait two minutes, 4. The quality of what you’re offering ... perhaps they want you to commit more time or so it doesn’t look like you were waiting by the phone, and you call them. more resources like personnel to meet their needs. 31 3 “Hey John! It’s just Jeremy getting back to you. I’m just a little bit behind schedule….” See how that works? Objection #9: Can you send me a proposal? Never give a prospect a proposal without understanding what their problems are, and if they have the budget/funding/money to solve the problem. You should live by this! There are no exceptions to this rule. Even if you OBJECTIONS ARE ONLY CONCERNS have a prospect that says “Can you just send me over a proposal with your pricing in it?” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. You must never fall prey to Now this with a prospect. If a potential customer Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. asked for a proposal upfront before you have discovered what their Please realize that this is not the time to go back into a selling mode to try to persuade situation is, you simply will them saywiththis: logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done work correctly and you, gone deep into to the conversation “I’d be open to putting together ayour proposal for but be frank, with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. I’m not quite sure I could even help you yet. Would it make sense to ask a few questions about your situation sojustwe can something If you do get an objection at this stage, look at it as a put concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what together for you that might be isuseful? that help you?” you’re offering only a promiseWould of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 32 3 OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 33 3 Objection #10: I need to talk to my spouse or partner. Realize when a prospect says “I need to talk to my spouse” it’s for one of two reasons. The first reason is you haven’t pulled out enough emotion from your questions to help them see the problems clearly in their mind that they have and for them to feel urgency to solve those to get where they are wanting to go. So because of that they are trying to get rid of you. They don’t feel what you are saying will get them the results they want. OBJECTIONS ARE ONLY CONCERNS This is all on us as the salesperson because of our lack of questioning skills. That can be fixed once you start implementing NEPQ™ and really First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. start to clarify and probe offIt’stheir answers. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. So the “I need to talk to my spouse” is not really a concern, they have a Please realize that this is not the time to go back into a selling mode to try to persuade them you with logical facts onto whyfind your solution good for them. It’s time to use the same real concern behind that, and need outiswhat their real concern principles and methods you have learned from N.E.P.Q. actually is. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. do get an objection at this stage, just look at it as a concern. to understand The second reason is thatIf you it’s just logistical. The spouse isTryinterested the customer, and put yourself in your customer’s shoes as they determine if what offering is only amake promise of major a better future. but they just discuss thingsyou’re when they purchases. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Based on how the call went from their tonality, body language, and the There’s also the possibility that their objection may just be a request for a few simple answers to your questions will tell which ofincluded these they fall into. changes that you they would like to see in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. concerns, are sometimes requests for anyreaction of the following:can Now, no matter which oneObjections, they orfall into, your original 1. The price of the solution you’re offering. be very similar. You simply first want to acknowledge what they said timing of your solution. and then set up a time the2. The next day ideally or a day after to talk again 3. The follow-up, or how they will be serviced. to either them or ideally both of them. This helps disarm them where if 4. The quality of what you’re offering ... perhaps they want you to commit more time or personnela to meet needs. they are in the first category more andresources theylikehave realtheirconcern so they are just saying this objection you can help them overcome it on the actual call or 34 3 meeting. Here is how it might look. I will show you how it will look in a few various industries and then give you a generic example so you can plug in your industry. Once again this works for any product, service, or industry, it doesn’t matter what you sell. I will give you the generic version here and then give you some different examples of how it would look in various industries. PROSPECT: This sounds good. I just need to talk to my spouse as we make these type of decisions together as a family. OBJECTIONS ARE ONLY CONCERNS SALESPERSON: That’s not a problem. How does your wife/husband First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. feel about you ________________? (Repeat back what they said they Now is not the time to REACT .. but most sales people just REACT to an objection. wanted.) Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: I think they would likefacts me to your dosolution this,is good butforIthem. need toto use ask them them with logical on why It’s time the same principles and methods you have learned from N.E.P.Q. first. Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. SALESPERSON: Well what will you do if you go to them and they don’t want you to _______________? benefit of what you are If you do get(Repeat an objection atback this stage,the just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what offering, and what they saidyou’re they wanted.) offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: I understand I just am not sure what they will say about There’s also the possibility that their objection may just be a request for a few simple this. changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. SALESPERSON: How will you ___________? what they Objections, or concerns, are sometimes (Repeat requests for anyback of the following: 1. The price the solution said they wanted) if they don’t let ofyou getyou’re theoffering. funds so you can XYZ The timing of your solution. (repeat back the end result2.they wanted) then? 3. The follow-up, or how they will be serviced. The quality of what you’re offering ... perhaps they want you to commit more time or PROSPECT: Gosh I really4. do need liketopersonnel do something more resources to meet their needs.about this. 35 3 SALESPERSON: Why now though, why not do this later when the situation has gotten even worse? Now if you still cannot get them to overcome this, you simply say… SALESPERSON: I understand. What’s your timeframe on getting back with me today or tomorrow just to see if I would be available for you? (When you say, “just to see if I would be available for you”, it positions you as the expert who is busy, not just a salesperson who is at their beck and call because they are desperate for a sale) PROSPECT: I could call you in the next few days. OBJECTIONS ARE ONLY CONCERNS SALESPERSON: Well, I’m not sure if I would be randomly available like that with my schedule. What I can do if it helps you is if you have your First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection YOU. can book a specific time with calendar handy I can pull up mine soofyou is not the time to REACT .. but most sales people just REACT to an objection. me in the next day or so, soNow you don’t have to chase me down and vice Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. versa, would that be appropriate? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. (Notice I say “...so you don’t have to chase me down and vice versa”, this you have done your work correctly and gone deep into the conversation positions you once again as Ifwith the expert who is busy, helping other clients your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. solve their problems, so it’s attractive to your prospects.) If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Never never say you can be available late at night or on the weekends that they have look to make desperate that commitment before youwhen deliver what you when they ask you for that,Understand it makes you and you promised. Quite possibly, their objection is nothing more than a request for more look desperate you are not information. viewed by prospects as the authority or There’s also the possibility that their objection may just be a request for a few simple trusted expert, you are viewed as just another salesperson trying to sell changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. them something. You become commoditized. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re Here are a few industry specific examples of offering. how this might look, once 2. The timingany of your product solution. again this works for any industry, or service that’s sold. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or Most of the time you can help resolve this on this call more them resources like personnel to meet theirconcern needs. 36 3 and not even have to reschedule after they talk to their spouse and or business partner, it just depends on your industry and what you sell, especially your price points. If it’s a B2C type of sale where it’s $1000, that would be completely different than if it was a B2B sale selling something that is $1 million dollars that needs to go through to the Board and Legal before getting approved. Amazon Coaching: PROSPECT: I need to talk to my spouse. SALESPERSON: That’s not a problem, how does your spouse feel ARE ONLY CONCERNS about you starting your ownOBJECTIONS business so that you can make more money for the family? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. (Notice I am repeating backNow what they said they wanted which is making Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. more money.) Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: I think they would like that. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. SALESPERSON: What are you going to do though if you go to them and they don’t want you to Ifget tostage, putjustinto business so you you dothe get anfunding objection at this look at the it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what can make more money though? you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: Well, I guess I would just have to figure out what to do, not There’s also the possibility that their objection may just be a request for a few simple sure. changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. SALESPERSON: Well if you don’t get the funding together would Objections, or concerns, are sometimes requests for any of thehow following: 1. The price of the solutionso you’re offering. you be able to even start your business that you can get out of your The timing of your solution. job to have more time with 2.your kids? 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or (You are asking a consequence question here totheirhelp more resources like personnel to meet needs.them realize if they don’t do anything about this, they will just stay in the status quo, nothing will ever change for them. We also repeat back the second benefit they 37 3 said they wanted, which was more time with the kids.) PROSPECT: Yes I’m going to have to do something, I just need to talk to them first. SALESPERSON: What’s your timeframe on getting back to me in the next day or two just to see if I would be available for you? PROSPECT: I could call tomorrow or the next day probably. SALESPERSON: Well what I can do if you have your calendar handy I can pull up mine so you can book a specific time with me in the next day or so, so you don’t have to chase me down and vice versa, would that be appropriate? OBJECTIONS ARE ONLY CONCERNS Never ever let them just randomly call you back. If you do you will rarely First of all … we have to realize that an objection is only a concern your prospect has. not a rejection hear back, life gets busy, soIt’s you set aof YOU. specific time. No matter what, you Now is not the time to REACT .. but most sales people just REACT to an objection. live by this rule. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. You are on the next day and start offfacts theon why call: your spouse feel them with logical your How solution is does good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. about you starting your own business so you can make more money? Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Life Insurance: If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand they have to make that commitment before you deliver what you PROSPECT: I need to talk to mythatspouse. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple SALESPERSON: That’s not a problem. How does your spouse feel changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. about having stronger financial protection to pay for the house and other expenses when something Objections, happens to you? (Notice how am repeating or concerns, are sometimes requests for anyI of the following: 1. The price of the solution you’re offering. back what they said they wanted.) 2. The timing of your solution. (Let them answer.) 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 38 3 SALESPERSON: Well what will you do if you go to them and they don’t want you to put the extra funds into the policy and you don’t have that protection for them and then something happens to you? PROSPECT: Gosh I will have to just figure it out. SALESPERSON: I understand. What will she have to do though if you did pass away, God forbid, 15 years early and then she gets stuck with having to pay the mortgage and all the other bills but she doesn’t have the money to even do that? PROSPECT: I don’t know. I just hope that doesn’t happen. SALESPERSON: Are you willing to settle for that and take that risk? OBJECTIONS ARE ONLY CONCERNS PROSPECT: No, I really need to do something about this now. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. SALESPERSON: Why now though? (If you feel like they still need to Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. talk to the spouse or they keep saying they need to, then just follow the Please realize that this is not the time to go back into a selling mode to try to persuade same format and set up thethem next appointment.) with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. (Let them answer.) If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Well what do you think you doatthen? If you should do get an objection this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to that commitment before you deliver what you If they still come back and say they need tomake talk to spouse, you then go to promised. Quite possibly, their objection is nothing more than a request for more information. plan B and set the appointment like I showed you: There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. SALESPERSON: Okay, what’s your timeframe on getting back to me in the next day or two just to see if I orwould available for you? Objections, concerns,be are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your PROSPECT: I could call tomorrow orsolution. the next day probably. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or SALESPERSON: Well what I resources can do if youto have more like personnel meet their your needs. calendar handy I can pull up mine so you can book a specific time with me in the next day or so, so you don’t have to chase me down and vice versa, would that be 39 3 appropriate? Lead Services/Marketing: In this example, let’s say you sell lead services to companies/small business owners. It’s the same structure. PROSPECT: This sounds good, but I will have to speak to my business partner to see what they think. SALESPERSON: Yeah that’s not a problem. Tell me, how does your business partner feel about you guys getting a higher, more quality lead type so you can make more sales? (Notice how I am plugging in what they said they wanted, a higher quality lead and how I tie in the result of ONLY CONCERNS that better lead, which is to OBJECTIONS make more ARE sales.) First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Remember people don’t buy your product or service they buy the results is not the time to REACT .. but most sales people just REACT to an objection. that your product or serviceNow can get them! Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well, yeah, they would want better for It’s sure, I mean them with logical facts on why your solution leads is good for them. time to use the same principles and methods you have learned from N.E.P.Q. who wouldn’t right? Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. SALESPERSON: Well, what are you going to do if you go to them and they don’t want to put in theIf you extra funding getjustthis higher quality lead do get an objection at to this stage, look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what and your sales keep going you’re down over next 3-6future. months? (Say this offering is only the a promise of a better thatIthey have to make that before you deliver what you with a skeptical tone. If youUnderstand notice, am asking acommitment consequence question promised. Quite possibly, their objection is nothing more than a request for more here to get the prospect to information. realize what would happen if they don’t do There’s also the possibility that their objection may just be a request for a few simple anything.) changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Yes we haveObjections, to do orsomething for sure otherwise we could concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. go under. 2. The timing of your solution. follow-up, or how they will be serviced. SALESPERSON: Would 3.itThehelp you if we set up a call with your quality of what you’re offering ... perhaps they want you to commit more time or business partner and you to4. The discuss how weto might be able to help you more resources like personnel meet their needs. solve this problem? (Especially if they have a business partner or other decision makers in a B2B environment you would want the other decision 40 3 maker or makers on the next call.) PROSPECT: Yeah that might help actually. SALESPERSON: Well what I can do if you have your calendar handy I can pull up mine so you can book a specific time with me in the next day or so, so you don’t have to chase me down and vice versa, would that be appropriate? And that process is how you help your prospect overcome the “I need to talk to my spouse/partner” concern. Objection #11: I need to check my finances. OBJECTIONS ARE ONLY CONCERNS With this concern we first need to understand what they mean by saying First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. “I need to check my finances.” Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Does it mean they are saying they don’t know if they have the funds and Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on whythe your solution is goodor for them. It’s time toobjection”, use the same you need to overcome the “we don’t have money budget principles and methods you have learned from N.E.P.Q. or does it mean they are looking to see where they are going to get the If you have done your work correctly and gone deep into the conversation funds, and is simply logistical? with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. do get objection at this stage, just look at it as a concern. Try to understand So the first thing we have toIf youdo is anask a clarifying question around this to the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. see what they mean by this. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: I need to check my finances on this. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: How do you mean exactly? Objections, or concerns, are sometimes requests for any of the following: The price of the solution you’re offering. PROSPECT: Well I’m not1.sure if I should pull the funds from our 401k, 2. The timing of your solution. or use a credit card, or I might even be able to pay half myself and then 3. The follow-up, or how they will be serviced. get a loan for the other half too. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: Oh I see so you’re figuring out where you’re getting the funds 41 3 from? Yeah we have clients that do those options. Most of our clients just use… And then go over which avenue you want them to use to make the sale the soonest, and at the end of that say this - Would that help you? OR PROSPECT: I need to check my finances on this. YOU: How do you mean? PROSPECT: Well we’re not sure we have the budget for this right now. OBJECTIONS ARE ONLY CONCERNS Now, you know that it’s a money/funding/budget concern and use the How to overcome the “we don’t have the money” concern that we went First of all … we have to realize that an objection is only a concern your prospect has. over earlier in the portal. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Objection #12: I’m going to try and do this myself. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. The issue here is what did we say and or not ask in the discovery part of you do get an the objection at this stage, just at it as ain concern. Try to understand the sales conversation that Ifthe caused prospect tolookthink their mind that customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. they would be better off trying to figure everything your solution does on Understand that they have to make that commitment before you deliver what you their own? promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they wouldhave like to seea included you to havedo offered them. Perhaps Because, as we all know, they wouldn’t cluein what how everything they want a few changes to the terms of what you are offering. your solution provides, otherwise they would have already been doing it. Objections, or concerns, are sometimes requests for any of the following: So if they go at it alone, what are the consequences? 1. The price of the solution you’re offering. 2. The timing of your solution. Lost money, lost time, frustration, more stress. They stay in the status quo 3. The follow-up, or how they will be serviced. and nothing ever changes for them. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 42 3 So what we need to do on our end is go over three to four things that are very technical or time consuming that they would agree in their minds they would have no idea how to do or have the time to do it. Once they say that to themselves they realize they would never be able to solve their problems and get where they want to be without your solution. Let me give you an example… PROSPECT: This is really good, but I think I’m just going to try and do this on my own and see how it works. YOU: Well, I guess you could….Do you feel that you know how to XYZ, and ABC, and be able to know how to do DYZ so that you can… (repeat OBJECTIONS ARE ONLY CONCERNS back what they said they wanted) First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. Let me give you an industryIt’s specific example so you can see how this is not the time to REACT .. but most sales people just REACT to an objection. would look. Just tie in whatNow you sell to this same framework. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. In this example, let’s say you consulting and training forIt’speople who themsell with logical facts on why your solution is good for them. time to use the same principles and methods you have learned from N.E.P.Q. want to start their own e-Commerce business. Your company teaches have done your work correctly and gone deepmake into the conversation them how to start and scale Ifwith inyouyour e-Commerce so they can more prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. money and have more time with their families by having their own business If you do get an objection at this stage, just look at it as a concern. Try to understand Please realize that this is not the time to go back into a selling mode to try to persuade the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. they have make that commitment beforeand you deliver you on PROSPECT: This is good,Understand but I that think I’mto just going to try dowhat this promised. Quite possibly, their objection is nothing more than a request for more information. my own and see what happens. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: Well I guess you could try…I mean do you feel like you know how to research what the actualObjections, top selling products are that are working in the or concerns, are sometimes requests for any of the following: price of the feel solution like you’re offering. market now not in the past?1. The Do you you know how to determine timing of your solution. if those products are able to2. The SCALE? Do you feel like you know how to 3. The follow-up, or how they will be serviced. write the right ad copy to ensure your ads will actually convert? Do you 4. The quality of what you’re offering ... perhaps they want you to commit more time or feel like you know how to determine which more resources like personnelaudiences to meet their needs.in your FB ads so you can start your lookalike audiences and then know how to scale 43 3 those? Do you feel like you know how to do all that so you don’t lose all that money? PROSPECT: Well not really, I guess I could try and figure it out. YOU: So if you don’t know how to do all that, how much money do you think you will lose every month trying to figure it all out without the right knowledge and skills? PROSPECT: Gosh I’m not sure.. YOU: Well, you tell me which is more risky? Is it more risky to get the funding together put it into the training and ensure you have the right skills and know exactly what to do day 1 so you’re profitable? Or is it OBJECTIONS ARE ONLY CONCERNS more risky for you to do nothing at all, try to wing it, and hope and pray it works out for you? Which is more risky? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 44 3 Objection #13: I don’t know if I have the time. Here we have a scenario where you are selling a product or service that requires time for the end user to go through it, maybe it’s a training program, maybe it’s software that they will have to install. Depending on your industry, this objection could mean different things. The first thing we have to do just like any concern we get is we have to clarify what the concern actually means and what’s behind the concern. In this example, let’s say you sold real estate education training that teaches people how to invest in real estate. OBJECTIONS ARE ONLY CONCERNS PROSPECT: I really like this but I just don’t have time to go through it. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. YOU: In what way? Or… how do you mean exactly? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: I am just so busy with my job right now and we just had a Please realize that this is not the time to go back into a selling mode to try to persuade themIwith logical facts on why your solution is good for them. It’s time tohave use the same new baby a few months ago, just wouldn’t know when I would time. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation YOU: How much time do you you ...would to put it toduring start withfeel your prospect most, if notneed all objections, will beinto eliminated the engagement stage of the process. buying and flipping homes? (repeat back what they said they wanted) If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: Well I guess I thought I would need at least 15-20 hours a that they have to make that commitment before you deliver what you week or so starting out… Understand promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple YOU: Well I guess you could dothatthat, I would say our client is changes they would like to see included in whataverage you have offered them. Perhaps they want a few changes to the terms of what you are offering. probably doing maybe an hour a day. It just depends on how many homes Objections, or concerns, are sometimes of the following: you want to purchase and how much money you requests wantfortoanymake. 1. The price of the solution you’re offering. timing of your solution. Do you feel you could put in2. The 5-6 hours a week so you can learn the right 3. The follow-up, or how they will be serviced. skills to become a full time investor and get out of your job so you can 4. The quality of what you’re offering ... perhaps they want you to commit more time or resources like personnel meet their needs. make more money? (repeat more back what theytowant) 45 3 PROSPECT: Yeah, that’s not bad at all. Sometimes by just asking a simple clarifying question, you find out that their version of “I don’t have time for this” is much different than the time they need to put in. Prospects don’t know what they don’t know. Now, let’s say, in the same example when you ask if they could put in XYZ time, they come back and say this; PROSPECT: Yeah I am so busy with my kids at soccer and my job I don’t think I could even do that. YOU: So without dedicating the time to learn the right skills to make more money in your real estate business how would you ever be able to leave ARE ONLY CONCERNS your job so you have more OBJECTIONS time with your kids? (Repeat back the end result they said they wanted. In this example, it is so she could leave her First of all … we have to realize that an objection is only a concern your prospect has. not akids.) rejection of YOU. job to have more time with It’s her Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. The “How are you going to…” question gets them to see in their mind that Please realize that this is not the time to go back into a selling mode to try to persuade they will never be able to have what they want unless they their them with logical facts on why your solution is good for them. change It’s time to use the same principles and methods you have learned from N.E.P.Q. situation. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Yeah I’m not sure what I should do here. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Well you tell me which is more risky for you? Getting the funds Understand that they have to make that commitment you deliver you together to get into the training and dedicating the time before to learn sowhatyou promised. Quite possibly, their objection is nothing more than a request for more information. can have the skills to walk away from your job in 6 months? Or is it also the possibility that their objection may just be a request for a few simple more risky to do nothing at There’s all, the problem stays the same, nothing ever changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. changes and you end up missing out on your kids lives like you said because you are at work allObjections, the time? Which is more risky? or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 46 3 Objection #14: I need to pray about it. The first thing we have to do just like any concern we get is we have to clarify what the concern actually means and what’s behind the concern. PROSPECT: This is a big decision for us, and we really need to pray about it. YOU: Yeah, that’s not a problem (helps disarm the prospect). Now when you say pray about it, what specific parts of what we went over would you be praying about? Now this is important as when they tell you what “parts” or aspects of your solution they need to pray about that tells you what their real concern OBJECTIONS ARE ONLY CONCERNS actually is and then you can address the concern, help them overcome it, and then close them. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. PROSPECT: I feel we justNow need toat that pray thisjustbecause it’s a lot ofto Unfortunately, point about many salespeople fly off the cuff instead of working uncover what the objection actually means. money and we’re just not sure we have the budget for it. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. See, now we know what the real concern is and we can help them resolve you have done your work correctly and gone deep into the conversation that. See the “we don’t haveIfwith the objection training we went yourmoney” prospect ... most, if not all objections, will be eliminated duringover the engagement stage of the process. earlier. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Then after you help them overcome the money concern you simply ask… Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: How do you feel God would feel about you… (repeat back what There’s also the possibility that their objection may just be a request for a few simple they said they wanted) changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, sometimes requests any of couple the following:says (Industry example: Let’s say you sell life are insurance andfor the they need to pray about it.)1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. YOU: How do you feel God will feel about you having the financial 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources personnel meet their you needs. do pass away and protection in place for your wife and like kids fortowhen they are completely taken care of without any stress or worries like most people go through who DO NOT have the right insurance in place? 47 3 You won’t find anyone who says “Nope, I don’t think he would want me to protect my spouse and children financially...” if you were selling life insurance as an example. Objection #15: I need to take to this to the board and see what they have to say. If you sell B2B and are selling to enterprise level companies this is a pretty normal process. You might even encounter this selling to SMB as well. However, you need to fully OBJECTIONS understand ARE a company’s decision making ONLY CONCERNS process and get the other board members, decision makers, and influencers of those decision makers on board your First of all … we have to realize that anwith objection is only asolution. concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, that point many just fly off the cuff instead of working Because if you don’t, you have no atcontrol onsalespeople the outcome and you willto uncover what the objection actually means. lose a ton of sales without that control. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: This looks really good but we will need to take this to our If you have done your work correctly and gone deep into the conversation next board meeting and present itprospect to the board and seewillwhat theyduring think. with your ... most, if not all objections, be eliminated the engagement stage of the process. do get does an objection at this stage, just feel look at itabout as a concern. Try toguys understand YOU: That’s not a problem.Iftheyou How the board you customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. being able to solve this problem (repeat back the specific problem) so that Understand that they have to make that commitment before you deliver what you you can (repeat back what promised. they said theytheirwanted)? Quite possibly, objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that theywant would likeus to see in what you PROSPECT: Oh I think they would toincluded be able tohave dooffered thatthem. forPerhaps sure, they want a few changes to the terms of what you are offering. but I still have to check. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. YOU: So what happens if you go to the board and they don’t want you 2. The timing of your solution. to put the funding in, how would you ever be able to… (repeat back what 3. The follow-up, or how they will be serviced. they said they wanted)? 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. PROSPECT: Well it would be much harder for sure. 48 3 YOU: Would it help if we had you introduce us to the board and we go over some of the issues you mentioned your company was having and how we could possibly help you solve those like we do with our other clients, would that help you? PROSPECT: Yeah that might make more sense… Objection #16: This is just too expensive for us right now. This objection is very similar to the “we don’t have the money/budget” objection. OBJECTIONS ARE ONLY CONCERNS The difference is we need to clarify what they mean by “it’s too expensive” compared to what. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. that point many salespeople just fly off the cuff instead of working to PROSPECT: This is Unfortunately, just tooatexpensive for our company. uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: How do you mean by it’s too expensive? PROSPECT: Well, another company am looking is 10% with your prospect ... most, ifInot all objections, will at be eliminated during the engagement stage of the process. cheaper for the same product. If you have done your work correctly and gone deep into the conversation If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Do you see how that works? The salesperson now knows what the that they have to make that commitment before you deliver what you prospect means when theyUnderstand say it’s expensive. promised. Quite too possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes product, that they would like to see included in what you have offered them. Perhaps YOU: When you say the same what do you mean? they want a few changes to the terms of what you are offering. are sometimes requests for any of the following: PROSPECT: Well it’s veryObjections, similaror concerns, to what you guys have. 1. The price of the solution you’re offering. YOU: Are you familiar with the major difference between our XYZ product 3. The follow-up, or how they will be serviced. compared to the ABC product you’re referring too? 4. The quality of what you’re offering ... perhaps they want you to commit more time or 2. The timing of your solution. more resources like personnel to meet their needs. PROSPECT: Not really. 49 3 YOU: Well it just depends on what you are looking for. Is the most important thing to you cost or how does that compare to you actually getting results and being able to solve this problem though? PROSPECT: We want results for sure we just were wondering about the difference. YOU: Well you tell me, which is more risky? Is it more risky to get the 10% extra funds together to solve the problem permanently and get you where you guys want to be? Or is it more risky to go the cheap route, the problem might not get solved, you guys stay in the status quo and the situation gets even worse? Which is more risky? OBJECTIONS ARE ONLY CONCERNS Objection #17: I already have a coach/mentor! First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. This objection would really It’s only come up if you sold some type of Now is not the time to REACT .. but most sales people just REACT to an objection. coaching/training offer or if Unfortunately, you soldat that some type of consulting. point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with this logical facts on why your solution is good for them. It’s time to use the same First of all, let’s get behind what objection actually means. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation PROSPECT: I’m already going through a coaching program withduring a the with your prospect ... most, if not all objections, will be eliminated engagement stage of the process. mentor now, so I should just finish this and then get back to you. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Well I guess you could. And how long have you been going Understand that they have to make that commitment before you deliver what you through that program? promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple PROSPECT: About 4 months changesnow. that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. or concerns, are sometimes requests for any of the following: YOU: What type of results Objections, are you getting from it? 1. The price of the solution you’re offering. 2. The timing of your solution. PROSPECT: Well it’s a decent program, I just need to finish it before 3. The follow-up, or how they will be serviced. starting something else. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: You mentioned it was decent, what do you mean by that? 50 3 PROSPECT: Well it’s a good program for what I paid for it. YOU: Well what specific results have you gotten from it? PROSPECT: No results yet but still going through it. YOU: So help me understand, if you have been going through it for four plus months and still gotten no results, how are you going to…(repeat back what they said they wanted) if you just keep doing the same things? PROSPECT: I’m not sure I guess I haven’t thought about it YOU: Well do you want to keep going through programs for months OBJECTIONS ARE ONLY CONCERNS where you don’t get any results? Or would you rather change your situation and start getting results now like our clients are? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Objection #18: I’ll get back to you or we will get back to you. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation This is a common objection you can get very early in awillsales conversation with your prospect ... most, if not all objections, be eliminated during the engagement stage of the process. or at the end of sales call. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. First of all, we need to make sure that we do NOT come across as that they have to make that commitment before you deliver what you desperate and just agree toUnderstand let them gettheir back tois us, say like promised. Quite possibly, objection nothingor more than asomething request for more information. “Can I call you later today?” and then you just randomly call them later. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Doing this lowers your status with a prospect as they start to view you as Objections, or concerns, are sometimes requests for any of the following: just another salesperson trying to sell them something. And most of the 1. The price of the solution you’re offering. time when you do call back they will not answer and not return your calls 2. The timing of your solution. or have another excuse on why you need to call back later. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or resources like personnel to meet their needs. In this example, let’s say youmore called an outbound lead, and they say within the first 30 seconds… 51 3 PROSPECT: I don’t have time to talk, can I just get back to you later? YOU: Possibly, I would have to look at my schedule to see if I could be available for you. What I can do if you have your calendar handy I can pull up mine that way you can book a specific time with me. That way you don’t have to chase me down and vice versa, would that help you? Then you book a specific time later that day or the next. If you book a time a week away the likelihood the prospect will remember and show up is very low. OBJECTIONS ARE ONLY CONCERNS Now, why would I just not agree to let them randomly get back to me? Because more than likely they won’t. It’s a fight or flight response they First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. gave when you called them.It’s So at this point they are just trying to get rid Now is not the time to REACT .. but most sales people just REACT to an objection. of you. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Realize when we come intothem any conversation with sales logical factscall on whyor yoursales solution is good for them. It’s time to no use the same principles and methods you have learned from N.E.P.Q. matter what we sell, we must first establish what’s called a status frame. you have donemust your workget correctly gone deep intoto the conversation Meaning when we enter thatIfwith call, we theandprospect at least your prospect ... most, if not all objections, will be eliminated during the stage of the process. view us at the same level asengagement them as far as our status. Please realize that this is not the time to go back into a selling mode to try to persuade If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. By the middle to end of that call/conversation, we must get them to view Understand that subject they have to make commitment before you deliver what you us as having a higher status in that wethatare communicating. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple That triggers them to view us as the Expert or the Trusted Authority that changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. can get them the results they are looking for, rather than viewing us as just another salesperson trying to orsell them something. Objections, concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. The timing your solution. So when they say they will 2.just getof back to us later at the beginning of 3. The follow-up, or how they will be serviced. a call or even if they say, “Can you call me back later?”, the way we 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 52 3 establish the right status frame is by simply acting detached from the outcome. When we say “Well possibly, I would have to look at my calendar to see if I would even be available for you.” It starts to trigger in their mind that you are busy, you don’t need them, you have tons of clients. Therefore, you might have something important to them. Especially when we say… “What I can do if you have your calendar handy, I can pull up mine and have you book a specific time with me that way you don’t have to chase me down and vice versa, would that help you?” That establishes a status frame where they start to view you much ARE ONLY CONCERNS differently. All of a sudden OBJECTIONS you are suggesting they can book a specific time that way they don’t have to chase you down. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. It gets them to think you must be very successful if others are having to Unfortunately, at that point many salespeople just fly off the cuff instead of working to the objection actually means. chase you down just to getuncover on awhat call about what you offer. So it must be Please realize that this is not the time to go back into a selling mode to try to persuade something important to them. them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work and gone into the conversation Now let’s say they give you this objection atcorrectly the end ofdeep a sales call. If you with your prospect ... most, if not all objections, will be eliminated during the of the process. sold B2C and did a one call engagement close it stage would be different than if you sold, let’s say, B2B and were trying togetset up, let’s say, callTry for a demo If you do an objection at this stage, just a looksecond at it as a concern. to understand the customer, and put yourself in your customer’s shoes as they determine if what or proposal or whatever your next is in ofyour process. you’re offeringstep is only a promise a better sales future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Let’s say you sold B2C in this example: There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: We really like this, what you offered, give us some time and we will get back to youObjections, with an answer. or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. YOU: That’s not a problem. What’s your timeframe on getting back to me 3. The follow-up, or how they will be serviced. later today or tomorrow to see if I would be available for you? 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. PROSPECT: Not sure we just need some time to think it over. (Now you are starting to get closer to what their actual objection is, but not quite 53 3 yet.) YOU: Well what I can do is if you have your calendar handy I can pull out mine and have you book a specific time with me, that way you don’t have to chase me down and vice versa, would that help you? At this point, you still do not know what their real concern is. When a prospect says, give us some time and we will get back to you, or I need some time to think about it, that is not an objection. The objection is behind that response they are giving you. If you don’t find out what the objection is, the likelihood of them getting back to you is slim to none. OBJECTIONS ARE ONLY CONCERNS So you would treat this exactly like you would a “I want to think it over” objection, which as you already know is not really an objection at all. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. So after you have booked aNow specific time with them for the next call, you Unfortunately, at that point many salespeople just fly off the cuff instead of working to simply ask this question: uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: Now before I go, what were you wanting to go over in your mind If you have your work correctly gone deep into the conversation (a better way of saying; “what dodone you want toand think about”), just so I with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. know what questions you might have when we talk tomorrow? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Now this is the key at this point, they are going to tell you what their real Understand that they have to make that commitment before you deliver what you concern is. promised. Quite possibly, their objection is nothing more than a request for more information. the possibility that their objection may just be a request for a few simple They might say, “Well I’mThere’s justalsoconcerned about…” or, “I’m just not changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. understanding this part…” or, “I’m not sure if I can get the money for this…” Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. real concern is now when Now would you rather know what their 3. The follow-up, or how they will be serviced. you are on zoom with them, in person, or on the phone rather than The quality of what you’re offering ... perhaps they want you to commit more time or just knowing and hoping 4.and praying they show up to the next more resources like personnel to meet their needs. appointment. 54 3 And then you will be able to clarify their concern, ask a diffusing question and then discuss it like two people who are trying to work out a solution together and most of the time close the sale on that call. Now in this example, let’s say, you sell B2B and you are trying to set up a second call to do a demo of your product that you sell and you get the same “Let us get back to you.” YOU: Good first call, that really gives us a better understanding of your company’s situation. Really the next step would be, if it’s appropriate, is we would schedule a demo with your team to go over how the XYZ product would actually ARE ONLY CONCERNS solve the problems (repeatOBJECTIONS back the specific problems they brought up from your questions) and get you guys to where you want to go. Would First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. that help you? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well I’m not quite sure we would have the time right now, Please realize that this is not the time to go back into a selling mode to try to persuade why don’t we just get back them to you later? with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly goneout deep any into the sales conversation YOU: Yeah, that’s not a problem (simple way to and take with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. pressure). What’s holding you back from exploring this further so you can… (repeat back what they said wanted)? If you do get anthey objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to make that commitment before you deliver what real you PROSPECT: Well we are Understand not sure about….(and here is where the promised. Quite possibly, their objection is nothing more than a request for more information. concern comes out) There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Now depending on what their concern is, depends on how you address it at this point. You then clarify it, discuss itare like two requests friends working together Objections, or concerns, sometimes for any of the following: The price of the offering. for a solution and then you 1.diffuse it, solution thenyou’re book them for the second call 2. The timing of your solution. demo. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 55 3 Objection #19: I’m happy with my current vendor/company. Let’s say, early into a sales call your prospect says upfront, that they are happy with who they are already using. Just so you are aware this is a common knee jerk reaction from a prospect to a salesperson so they can try to get rid of you. The first thing we have to do is disarm them, and get them curious enough to want to engage, and open up to us. PROSPECT: (early in the call) Thanks for the call but we are pretty happy with our current vendor/company. OBJECTIONS ARE ONLY CONCERNS YOU: That’s not a problem.FirstAnd so you’re I’m not your quite sure of all … just we have to realize that an aware, objection is only a concern prospect has. It’s not a rejection of YOU. we could even help you yet. We would have to understand a bit more Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, point many salespeople just even fly off the cuff instead of working about what you are using for XYZ, attothatsee if we could help you in tothe uncover what the objection actually means. first place, because maybe Please you’re better off staying with who you already realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same have. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation For example, I should probably ask first... most, whoif not doall you use (and then with your prospect objections, will for… be eliminated during the engagement stage of the process. you will ask your first situation question, to find out what their current do get an objection at this stage,conversation)? just look at it as a concern. Try to understand situation looks like thereforeIftheyou starting a two way customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you So you start off by disarming theQuite prospect agreeing you promised. possibly, theirby objection is nothing more than amight request fornot more be information. able to help them which removes any sales resistance from the prospect There’s also the possibility that their objection may just be a request for a few simple changes that they would to see included in whatconversation you have offered them. Perhaps and causes them to be far more open in like having a real with they want a few changes to the terms of what you are offering. you instead of trying to get rid of you! Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 56 3 Objection #20: I don’t know what I need to improve. This objection you might get if you sold B2B or some B2C sales such as high ticket sales, etc. Let’s say you ask them a problem awareness question around what they are looking to change or improve about what they currently have and they seem unsure. PROSPECT: I don’t know what I need to improve. YOU: Well if you really thought about it, what do you feel it would be? OBJECTIONS ARE ONLY CONCERNS This simple question forces their brain to think deeper about the question you just asked. Notice howFirstI asked “What FEEL would be?” has. of all … we have to realizedo that you an objection is only aitconcern your prospect It’s not a rejection of YOU. rather than, “What do you THINK it would be?” Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Now why would I make thatPlease shift? Because FEEL brings out the person’s realize that this is not the time to go back into a selling mode to try to persuade with logical facts on why your solution is good for them. It’s time to use the same emotions. If I asked THINK,them that just gets them thinking logically. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation And as we already know from science, human make withbehavioral your prospect ... most, if not all objections, will bebeings eliminated during the engagement stage of the process. buying decisions emotionally 100% of the time. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Objection #21: I don’t know if it will work for what we do/for our industry. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Depending on what you sell, you might get this type of objection. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. Once again, the first thing we want to do is clarify what they actually 2. The timing of your solution. mean so we understand the3. The real concern. follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. PROSPECT: I’m not sure this would actually work for us. 57 3 YOU: In what way? or How do you mean? or What wouldn’t work specifically? PROSPECT: Well we’re not sure if it will be able to XYZ… YOU: Why do you feel it wouldn’t be able too, just so we understand? PROSPECT: (let them respond on why they feel it wouldn’t) YOU: If there was a way it could (repeat back what they said it wouldn’t do) would you be open to looking at that, if we walked you through it? For example, let’s say you sold medical device equipment and the doctor said they were unsure the knee replacement would work as good as what they were already using. OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. not amodel rejection of YOU. PROSPECT: I’m not sure It’s this would work as good as the ABC is not the time to REACT .. but most sales people just REACT to an objection. model we have been using.Now Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. realize that this is not the time to go back into a selling mode to try to persuade YOU: In what way? or WhyPlease dowith you it wouldn’t work forIt’syour them logicalfeel, facts on why your solution is good for them. time to use the same principles and methods you have learned from N.E.P.Q. patients? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Well we like the model because of… If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: If there was a way that this XYZ model could do all of that but also Understand have toso makeyou that commitment deliver what you be able to cut your operative timethat bythey50% could before seeyoumore patients promised. Quite possibly, their objection is nothing more than a request for more information. would you be open to exploring that further with us? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objection #22: There is no budget allocation left for this year, maybe next year, call back then. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. First of all, we have to understand, is this the real concern or are they just 4. The quality of what you’re offering ... perhaps they want you to commit more time or like personnel to meet their needs. saying this to you at the end more of resources a sales call or your sales process to try and get rid of you? 58 3 This is more of a B2B concern you might get from a C-level executive or other decision-makers in the company you have been speaking to. PROSPECT: We really like this but our budget allocation has already been used for the year. We have the new budget coming out in another 5 months and let’s talk then. Now, we ALL know that there’s a 99% chance that you will NOT hear from this prospect in 5 months after they have a new budget. So many things can change in that company even the very same decision-makers you just talked to might no longer even be working there or moved to other departments. Besides, it’s not like the money is not there, it’s not that the money DOES OBJECTIONS ARE ONLY CONCERNS NOT exist. It’s just the priority of where that money is now being spent that is important for you to understand. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. If you have taken them through the NEPQ™ sales process and done your Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. job correctly they should view that it is far LESS risky for them to get the Please realize that this is not the time to go back into a selling mode to try to persuade funds together, pay for yourthem product/service, their problems, with logical facts on why yoursolve solution is good for them. It’s time to use and the sameget principles and methods you have learned from N.E.P.Q. the results they want, rather than doing NOTHING at all, staying in the If you haveand done your work correctly and gone deepthe into the conversation status quo, nothing ever changes the problems stay same. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Which is more risky? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that theyto havehow to makeyou that commitment you deliver what you This should be handled very similarly wouldbefore handle any promised. Quite possibly, their objection is nothing more than a request for more money objection but with ainformation. bit of a few tweaks. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Here is the generic formula: Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. NEW MODEL SALESPERSON: That’s not a problem...Tell me, if 2. The timing of your solution. you did have the money/funding, would this be something that would 3. The follow-up, or how they will be serviced. work for you? 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. If you have asked the right questions in the conversation they will always say “Yes”. Did you notice how I paused there? 59 3 PROSPECT: Yeah, for sure. NEW MODEL SALESPERSON: Why do you feel it would though? (Did you see the skepticism?) PROSPECT: Well, we like ... but we just don’t have the money for it. NEW MODEL SALESPERSON: I can appreciate that money might be an issue for you. How do you think you can resolve that where you can find the money so that you can … (Here you just OBJECTIONS ARE ONLY CONCERNS plug in what they said they wanted.) First of all … we have to realize that an objection is only a concern your prospect has. It’s not a the rejection of YOU. You are tying in them getting funding/money with having what is not the time to REACT .. but most sales people just REACT to an objection. they said they wanted. Now Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. If they don’t get the funding/money they what them with logical factsthen on why your solutioncan’t is good forhave them. It’s time to use they the same principles and methods you have learned from N.E.P.Q. said they want. Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Now, if they cannot come up with ways on how they can get the money, you can ask them this question: If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand they have make that commitment beforeso you deliver you can “What other avenues do youthat have totofind the funding thatwhat you promised. Quite possibly, their objection is nothing more than a request for more information. ...” There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Once again, you are just filling in the second thing they said they wanted. Here is an industry-specificObjections, example: or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timingis of your solution. leads to SMB companies In this example, the salesperson selling 3. The follow-up, or how they will be serviced. looking for a higher quality lead or more lead volume for their 4. The quality of what you’re offering ... perhaps they want you to commit more time or salespeople. more resources like personnel to meet their needs. “Tell me … if you did have the funds, is this something that would 60 3 work for you?” (They will always say “Yes!”) “Why though?” (Notice the tone here, it’s like you’re a Hollywood actor - George Clooney) Or if they say, “I do BUT I just don’t have the money…” You, the salesperson, will say, “Money aside why do you feel it would though?” “Okay, so I can appreciate that money might be an issue for you. How do you think you can resolve that where you can find funding ARE ONLY CONCERNS so you can get theseOBJECTIONS higher quality leads to your sales team?” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. (Let them come up with ways.) Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. If they cannot figure it out: Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. “What other avenues do you have to find funding to get the leads to If you have done your work correctly and gone deep into the conversation start really scaling the company?” with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If they still can’t come up with ways: If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to makehappy that commitment deliver what you “So how will you keepUnderstand your salespeople so before theyyoudon’t leave promised. Quite possibly, their objection is nothing more than a request for more information. and get up to XYZ in revenue this year without having the higher There’s also the possibility that their objection may just be a request for a few simple quality leads?” changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. “So you tell me is it more risky to getarethe funding from Objections, or concerns, sometimes requests for any of another the following: The price of the solution you’re offering. department, put it into1.the higher quality leads so your team makes 2. The their timing of your solution. more sales now and hits revenue quota? Or is it more risky to 3. The follow-up, or how they will be serviced. do nothing at all, the next five months sales keep going down, and 4. The quality of what you’re offering ... perhaps they want you to commit more time or you don’t reach your quota you likehave for thetheirsecond straight year like more resources personnel to meet needs. you mentioned? Which is more risky?” If they still say they can’t find the funds, you can offer suggestions on 61 3 what other clients do to get the funds if they didn’t have them. “Can I make a suggestion?” “What I can do is show you the avenues that our other clients use to get the funding if they don’t have it themselves, and you will have to see if you have those options if you’re wanting to (repeat back what they said they wanted) get these higher quality leads so you guys hit 50 Million in revenue this year…” After you go through the ways they find the funds, you simply ask - “What of those avenues do you have?” OBJECTIONS ARE ONLY CONCERNS Objection #23: I’m already speaking with another company. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. This objection will likely occur at the beginning of a cold call or could happen on an outbound lead atrealize thethatbeginning ofgothat conversation. Please this is not the time to back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. The main thing we have to understand is we first have to disarm that If you have done your work correctly and gone deep into the conversation prospect most, if not all objections, will be eliminated during the prospect which triggers themwith toyour want to... keep engaging rather than trying engagement stage of the process. to get rid of us. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: We are already speaking with another company. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: Not a problem, that’sThere’s pretty normal, and just so you’re aware I’m also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps not sure we could even help you yet, we would have to understand more they want a few changes to the terms of what you are offering. about what you’re doing in XYZ area to see if we could even help you in Objections, or concerns, are sometimes requests for any of the following: the first place. 1. The price of the solution you’re offering. 2. The timing of your solution. If we can, we can continue 3.the conversation, but if we can’t, we can just The follow-up, or how they will be serviced. hang up the phone or even4.recommend you to someone else who might The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. be able to help you better. Are you with me? 62 3 PROSPECT: Yeah all good. YOU: Could you walk me through what you guys are doing now with… (Ask your first situation question.) The point is, once you get them to lower their guard by disarming them by simply saying, “I’m not quite sure we could even help you.” Objection #24: You’re more expensive than our current vendor. OBJECTIONS ARE ONLY CONCERNS First, we need to clarify what they actually mean by this statement. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. PROSPECT: Our CEO said that you guys are more expensive than the Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to company we already use though. uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: In what way? PROSPECT: Well we are paying $5k ...amost, month them right now but with your prospect if not allfor objections, will be eliminated during the you engagement stage of the process. quoted $5900 a month. If you have done your work correctly and gone deep into the conversation If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Is cost the most important thing to your CEO, or actually getting Understand that they have to make that commitment before you deliver what you results and solving the problem promised. though? Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple they would like to see included in what you have offered them. Perhaps PROSPECT: Well, for surechanges we that want to get the results but we noticed they want a few changes to the terms of what you are offering. yours is more than who we already use. Objections, or concerns, are sometimes requests for any of the following: The price of the solution you’re offering. YOU: Yeah it just depends1.on what type of results you guys want. Do 2. The timing of your solution. you want the same results you’re getting now which you mentioned was 3. The follow-up, or how they will be serviced. causing you to (repeat back4. The the consequences of the problem they have quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. that they mentioned) or do you want to actually solve that so you can (repeat back what they said they wanted)? 63 3 For example, let’s say you sell medical device knee replacements … YOU: Yeah it just depends on what type of results you guys want. Do you want the same results you’re getting now which you mentioned was causing you to overspend on operative time having to see the patient over and over again post surgery? Or do you want to actually solve that so you can eliminate all the follow ups and free up all that time to perform more surgeries? Objection #25: I’ll get back to you on this. Let’s say after your presentation, you go in for the close, which we would call asking commitment questions to get your prospect to commit and OBJECTIONS ARE ONLY CONCERNS take the next step to purchase your solution to solve their problems, but then they say, “This looks good, I’ll get back to you on this.” First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. the time to REACT .. but most sales people just REACT to an objection. First of all, if you accept thisNow atis not face value and believe will just callto Unfortunately, at that point many salespeople just fly they off the cuff instead of working uncover what the objection actually means. you back you are going to lose a ton of sales. 99% of people who say this Please realize that this is not the time to go back into a selling mode to try to persuade witha logical facts on why your solution is good for them. time to use the samerid will never call you back, it’sthem just smokescreen objection toIt’stry and get principles and methods you have learned from N.E.P.Q. of you. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Something you said or didn’t ask them triggered them to have uncertainty If you do get aneither objection at stage, just look at it for as a concern. Try to in what you are offering them, that itthiswon’t work them, orunderstand they the customer, and put yourself in your customer’s shoes as they determine if what you’re offering a promisethey of a better future. don’t need it. There is no GAP fromis only where are now, compared to Understand that they have to make that commitment before you deliver what you where they want to be! promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple The first thing we want to do is disarm them soincluded we inlearn thethem. real changes that they would like to see what youwhat have offered Perhaps they want a few changes to the terms of what you are offering. objection is. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. PROSPECT: Thanks for the presentation, we are going to look over this and will get back to you. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or resourcesyour like personnel to meet their needs. YOU: That’s not a problem. more What’s timeframe for getting back to me 64 3 in the next few days to see if I would be available for you? Now let’s dissect what I just did here. When I say, “That’s not a problem”, in a sense I’m agreeing with them that they can get back to me, which helps reduce sales pressure. As we know if they start to feel pressured many prospects close down emotionally and will never open up to you about what their real concern is. Now, also, when I asked, “What’s your timeframe on getting back to me in the next few days?” I am narrowing down the decision here to the next few days. If we just let it be, it could be weeks out, and by that point, the deal is for sure dead. OBJECTIONS ARE ONLY CONCERNS Now the last part here when I say, “To see if I would be available for you …” This is what we call a “NEPQ™ status frame” which causes them to First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. with other clients, you don’t need view you differently. This guy/gal is busy is not the time to REACT .. but most sales people just REACT to an objection. their business, you alreadyNow have tons of clients. You are here to help Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. them solve their problems but there’s nothing you can do for them if they Please realize that this is not the time to go back into a selling mode to try to persuade stay in the status quo. them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have yourlater work correctly gone deep the conversation I’ll PROSPECT: Well we couldIfwith get todone you this and week or into something, your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. have to look at what I have going on. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Well possibly. I’m not sure I would randomly be available. What that they have tocalendar make that commitment beforeI you deliver what you I can do if it helps you, is if Understand you have your handy can pull up promised. Quite possibly, their objection is nothing more than a request for more mine and have you book a information. specific time with me that way you don’t have also the possibility that their objection may just be a request for a few simple to chase me down and viceThere’s versa, would that be appropriate? changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. This is called a NEPQ™ calendar which locks them in with Objections, orcommitment, concerns, are sometimes requests for any of the following: price of the solution you’re offering. a specific time so it’s on the1. The calendar, and positions you as the authority, 2. The timing of your solution. clients, notice how I said, “that the trusted expert, who is busy with other 3. The follow-up, or how they will be serviced. way you don’t have to chase me down …” 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Now, after you have the specific time booked with them, we then want to act like we are about to leave, or get off the call with them depending on if 65 3 you are in person, zoom, or on the phone with them. YOU: Now before I go what was it that you wanted to go over in your mind, just so I know what questions you will have when we talk on Monday? Notice how this is almost identical to the “I want to think it over” smokescreen objection and you should treat it the exact same way. PROSPECT: Well I need to go back to the board/my spouse/my CPA and see if we can get the budget for this. Now we know exactly what the real objection is, which is the money. And we can clarify, discuss this, and diffuse using the standard “we don’t have OBJECTIONS ARE ONLY CONCERNS the money/budget” objection. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Objection #26: I want to make sure it’s the right time for me to focus on this. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: I want to make sure it’s the right time for me to really focus If you have done your work correctly and gone deep into the conversation on this. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. do get an objection at this stage, just look at it as a concern. Try to understand YOU: How do you mean? Iftheyoucustomer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you PROSPECT: Well I’m really busy with (kids/studies/work promised. Quite possibly,my... their objection is nothing more than a requestwhatever for more information. excuse they throw out) There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: How much time do you think you would need to put into this just so Objections, or concerns, are sometimes requests for any of the following: I understand? 1. The price of the solution you’re offering. PROSPECT: Well it looks like from what you went over with me, that I 3. The follow-up, or how they will be serviced. would have to put in at least4. The 15-20 hours a week into this. quality of what you’re offering ... perhaps they want you to commit more time or 2. The timing of your solution. more resources like personnel to meet their needs. 66 3 YOU: Well I guess you could. Most of our clients just put in around 4-5 hours a week to get those types of results we talked about. Would that help you? Most of the time you can resolve it simply because they thought they would need to invest more time than they even needed. Now the way I taught you to resolve this would only be for certain industries and products and services. Here is another way to resolve the same concern. In this example, let’s say you sell “relationship or marriage coaching” which helps couples not split up and have a great marriage/relationship … OBJECTIONS ARE ONLY CONCERNS PROSPECT: I want to make sure it’s the right time for me to really focus on this. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. YOU: How do you mean? Now Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade PROSPECT: Well I’m really with my work right thembusy with logical facts on why your solution is goodnow. for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have your work correctly and gone deep into the conversation YOU: That’s not a problem.Ifwith Can I done make a suggestion? your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Sure. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have torelationship make that commitment before your you deliver what you YOU: How will you be ableUnderstand to repair your with spouse if promised. Quite possibly, their objection is nothing more than a request for more information. you don’t take the necessary time to learn how to dissolve conflicts and There’s also the possibility that their objection may just be a request for a few simple start connecting again? changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Well I don’t know I orguess have to figure out. Objections, concerns, I’ll are sometimes requests for anysomething of the following: 1. The price of the solution you’re offering. 2. The timing your solution. YOU: Are you willing to settle for ofthat? (softly challenge them) 3. The follow-up, or how they will be serviced. of what you’re offering ... perhaps they want you to commit more time or PROSPECT: Well I guess4.ifThe I quality had to, wouldn’t have more resources like I personnel to meet their needs.a choice. YOU: Whose choice is it if you settle or not? 67 PROSPECT: Well I guess it would be my choice. 3 YOU: Well you tell me which is more risky for you and your spouse. You getting the funds and dedicating the time over the next 90 days to learn once and for all how to heal your relationship, so you feel connected once again, and your marriage thrives for you, him, and your children? Or is it more risky for you to do nothing at all, stay in the status quo, the problems of fighting, lack of intimacy, and the lack of connection stay the same, nothing ever changes and you end up getting a divorce from him? Which is more risky for you and your family? (They will always say it’s more risky if they don’t do anything at this point.) PROSPECT: Yeah that’s so right. OBJECTIONS ARE ONLY CONCERNS YOU: Do you want to change all of that and have the marriage you First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. wanted when you first got married? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Yes, I want that so bad. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 68 3 Objection #27: I just have way too many things going on, can you give me a call back later? Let’s say you call an outbound lead who has responded to some type of ad requesting more information and you are calling back. Prospect answers and says … PROSPECT: Hey thanks for calling but I’m wrapped up at work right now, can you call me back later? YOU: Well possibly. What I can do is give you my number and have you call me back later today, would that help you? PROSPECT: Sure. OBJECTIONS ARE ONLY CONCERNS YOU: Okay my number is 816-896-4498, what’s timeframe First of all … we have to realizenot that an objection is your only a concern your prospect on has. It’s not a rejection of YOU. calling me back later today just to see if I would be available for you? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Now, why would I not just ask the prospect when they want me to call and Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same call back at that time? Because it makes you look desperate, attached, principles and methods you have learned from N.E.P.Q. just another salesperson trying to sell them something. Notice how when If you have done your work correctly and gone deep into the conversation they tell you to call back latewith atyour night or...even during thewillday how during 90% prospect most, if not all objections, be eliminated the of engagement stage of the process. the time they don’t answer. Then you leave a voicemail, and email and do get an objection at this stage, just look at it as a concern. Try to understand they never respond back. Iftheyoucustomer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you Do you know why? Because theyQuitewere trying to get ridaof you promised. possibly,just their objection is nothing more than request for more information. because of something you said or didn’t ask them at the beginning of that There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 69 3 call that triggered them to go into fight or flight mode and try to get rid of you. PROSPECT: I could call you later today at 4 probably. YOU: I should be available then. If I don’t answer, can you just text me and I’ll have to see when I can get back to you? Would that work? Now more than likely the prospect is not going to call you back at 4. So you wait a few minutes after four, to make sure you don’t look desperate, and then you call and say this; YOU: Hey Jennifer, it’s just __________ I’m a bit behind schedule was just with another client, okay so it looks like you responded to an ad on ARE ONLY CONCERNS Facebook about … (then goOBJECTIONS into your first connecting question to take the focus off of you and put it on them). First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Here is another way to overcome this objection it’s called a NEPQ™ Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. calendar commitment. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: Hey thanks for calling but I’m wrapped up at work right If you have done your work correctly and gone deep into the conversation now, can you call me back later? with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: Well possibly, I wouldIf youhave toobjection look.at What I could if it Tryhelps is if do get an this stage, just look at it asdo a concern. to understand the customer, and put yourself in your customer’s shoes as they determine if what you have your calendar handy I canis only pull up ofmine you’re offering a promise a better and future. have you book a Understandso that you they have to makehave that commitment before you deliver what you and specific time with me later today don’t to chase me down promised. Quite possibly, their objection is nothing more than a request for more information. vice versa, would that be appropriate? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Then you book a specific time with them. Notice how you have built an equal status frame with them when you say “that requests way you have to Objections, or concerns, are sometimes for any don’t of the following: The price of the solution you’re offering. chase me down”. That one1.phrase frames you as someone who is an 2. The timing solution. expert, a trusted authority who hasof your lots of other clients. You don’t need 3. The follow-up, or how they will be serviced. them. You’re detached, calling to see if you can help them. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 70 3 Objection #28: What’s different about your company compared to others out there that do similar things to you? Typically, if you get this objection, or I would call it a question it’s usually going to be thrown at you at the beginning of a sales call or conversation. PROSPECT: What’s different about your company compared to others out there who have similar services? YOU: Well maybe nothing… (pause 3 seconds) And just so you are aware I’m not quite sure we could even help you yet, we’d have to understand more what you have in place now as far as XYZ, compared to what you might be looking for, to seeARE what thatCONCERNS GAP looks like. For OBJECTIONS ONLY example, what do you currently use for ABC area? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. The first thing we have to do is DISARM the prospect so they are open to Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to what we offer. uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Now, what do most salespeople do when the prospect asks them this question? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. They go off how they have the best this, the best that, and start talking If you do get an objection at this stage, just look at it as a concern. Try to understand about all the amazing features andandbenefits theyshoes believe are better the customer, put yourself in that your customer’s as they determine if what you’re offering is only a promise of a better future. than their competitors. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. But what’s the major problem with this? Well, your prospects hear the There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps same thing from your competitors and every other salesperson who they want a few changes to the terms of what you are offering. has ever tried to sell them something, so you all sound the same. And Objections, or concerns, are sometimes requests for any of the following: because of that you get commoditized with everyone else, where they 1. The price of the solution you’re offering. view you as just another salesperson trying to shove your solution down 2. The timing of your solution. their throat. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Objection #29: Can you give me a better price, 71 3 we had another quote that was cheaper. This could be an objection you get at the end of your presentation or proposal where they are negotiating you on price. This is easy to diffuse with the right NEPQ™ Diffusing questions PROSPECT: Can you give us a better price on this? YOU: How do you mean? or What’s behind that question just so I understand? PROSPECT: Well XYZ company gave us a quote that’s cheaper than yours. OBJECTIONS ARE ONLY CONCERNS YOU: What quote did they First give you, and for what, just so I understand? of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Can you go over their proposal with me in detail? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. You want to ask this last question because sometimes the prospect can Please realize that this is not the time to go back into a selling mode to try to persuade them with logicalget facts on your solution them. time to use the same just be making stuff up, or they can awhy quote butis good it’sforfor aIt’sservice/ principles and methods you have learned from N.E.P.Q. problem that is far different than what you are offering and you know it If you have done your work correctly and gone deep into the conversation won’t actually solve the problem. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you what do get an kind objectionof at this stage, just look at it want. as a concern. to understand YOU: Well it just depends on results you IsTryprice the the customer, and put yourself in your customer’s shoes as they determine if what offering is only asolving promise of a better most important thing to youyou’re or actually thefuture. problem and getting Understand that they have to make that commitment before you deliver what you the results you want? promised. Quite possibly, their objection is nothing more than a request for more information. the possibility that their objection may just be a request for a few simple PROSPECT: Well we haveThere’s to also have but if we could athem. better changes that they results would like to see included in what you haveget offered Perhaps they want a few changes to the terms of what you are offering. price that’s important too. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. YOU: Can I make a suggestion? 2. The timing of your solution. 3. The follow-up, or how they will be serviced. PROSPECT: Sure go ahead. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: What they quoted you is for XYZ, which does ABC. Now we could give you the same exact quote for that as well, but like I mentioned it 72 3 depends on the results you want. (Let’s say you sold windows in this example …) We could install these cheaper XYZ brand windows they quoted you, you would just end up having to replace them in the next 5-7 years once they start wearing down and your utility bills would stay about the same. We could also put in a mid-range window that would last a bit longer maybe 10-12 yrs and we cut your utilities down probably by ____% or we could completely solve the problem and put in the ABC windows which are going to last the next 20 years and cut down your utility bill like you mentioned around ___%. So the question is which is OBJECTIONS more risky?ARE Is itONLY moreCONCERNS risky to get the extra funds to put in for the windows that are going to last the longest, increase First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection YOU. the value of your home, and cut yourofutility bill probably by ____%? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Or, is it more risky to put in the cheap windows, the utilities stay about the Please realize that this is not the time to go back into a selling mode to try to persuade same, the cold air keeps coming in at night in solution youris good daughter’s and them with logical facts on why your for them. It’s timeroom, to use the same principles and methods you have learned from N.E.P.Q. you end up replacing them again soon? Which is more risky? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 73 3 Objection #30: I want to compare prices with another vendor. Here, once again, we need to disarm the prospect instead of throwing out some rebuttal which will more than likely trigger sales resistance and hope and pray they buy from us. Typically, you would get this objection after your presentation or proposal. PROSPECT: We have another company coming in tomorrow and want to compare prices with this vendor as well. YOU: That’s not a problem. So let’s say this other company coming in tomorrow meets your criteria, including the price. How would you then OBJECTIONS ARE ONLY CONCERNS decide what to do? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. PROSPECT: Well at that point it would come down to… (and then they Now is not the time to REACT .. but most sales people just REACT to an objection. at that point many salespeople just fly off the cuff instead of working will tell you their hot button,Unfortunately, that you will need to understand to be abletoto uncover what the objection actually means. make sure you close this sale) Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have your things work correctly and gone into the This question helps you find Ifout thedone key you willdeep need inconversation your sales with your prospect ... most, if not all objections, will be eliminated during the stage of the process. process to help this prospectengagement move forward with your solution, especially if you know they are also meeting with your competitors. I can almost If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what guarantee you that the other salespeople competing you’re offering is only a promise of a better future. for this account will not ask this question and will not know theto make onethatorcommitment two things thisyou Understand that they have before youthat deliver what promised. Quite possibly, their objection is nothing more than a request for more information. prospect will tell you to push this over to your advantage. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 74 3 Objection #31: I don’t need the product/service. Once again, the first thing we have to focus on is disarming the prospect to get them to open up and engage with us rather than trying to shut us down and get rid of us. This type of objection would usually be towards the beginning of the conversation. PROSPECT: We don’t really need this right now, we already have … YOU: That’s not a problem. And just so you’re aware, I’m not quite sure we could even help you yet, we would have to understand a bit about what you have in place for XYZ now just to see if we can help. OBJECTIONS ARE ONLY CONCERNS Now if we can’t, we can justFirstend the call/conversation, or we could even of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. recommend someone else It’swho might be able to help you more. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Are you with me? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: Okay, that makes sense. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: I guess we would need to understand what you have now for … If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Objection #32: I saw some negative reviews about your company online. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. First, we need to find out what they actually mean, how many did they Objections, or concerns, are sometimes requests for any of the following: actually see, etc. This objection can be easily diffused once you ask a few 1. The price of the solution you’re offering. questions that help them answer it themselves. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. PROSPECT: We were doing some research over the weekend and saw 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. your company has some bad reviews. 75 3 YOU: How do you mean by bad reviews? PROSPECT: Well there were some people saying some bad things about your company. YOU: Were these actual clients or just some negative people online? PROSPECT: Well I think some were clients, but not quite sure if they all were. YOU: Now when you say you saw negative reviews how many did you actually see? PROSPECT: Well not quite sure, but there were probably 10-15 or so we OBJECTIONS ARE ONLY CONCERNS saw. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. YOU: So you saw around 10-15 negative reviews? So we have about Now is not the time to REACT .. but most sales people just REACT to an objection. 5000 clients now, so if ten clients out of 5000 said we were bad that Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. would be about .02%, so that would be one fifth of one percent that were Please realize that this is not the time to go back into a selling mode to try to persuade complaining, while our other clients great experiences and them with logical99.8% facts on why have your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. get results. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. So if we have a 99.8% success rate what would that possibly mean about us getting our clients results? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand thatlike they have to make that commitment before you deliver what you PROSPECT: Well yeah it sounds you guys do great things. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple YOU: Well our clients would say that for sure, but can I make a suggeschanges that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. tion to you? Objections, or concerns, are sometimes requests for any of the following: PROSPECT: Sure thing. 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. YOU: Have you ever considered that no matter how great you do for cli4. The quality of what you’re offering ... perhaps they want you to commit more time or ents, there will be some that willresources not do whattothey are more like personnel meet their needs.supposed to do on their end and then who do they usually blame that on? 76 3 PROSPECT: Well yeah they blame the company, I mean we have clients like that complain so thanks for clearing that up with us. Objection #33: I can get the same thing somewhere else. First of all, do you know what they actually mean when a prospect says this to you? Probably not. So we need to clarify first and disarm them so they want to engage. Most of the time this objection is usually triggered by something you said or didn’t ask in the beginning of the conversation and they are just trying to get rid of you. They haveOBJECTIONS gone into fight or flight mode. ARE ONLY CONCERNS PROSPECT: I can get theFirstsame thing somewhere of all … we have to realize that an objectionelse. is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. that point many salespeople fly off the cuff instead of working YOU: Yeah, you could andUnfortunately, just soatyou’re aware I’mjustnot quite sure we to uncover what the objection actually means. could even help you yet, we’d have to understand more about what you Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same use for XYZ, just to see if we could even help you in the first place and if principles and methods you have learned from N.E.P.Q. we can’t we can just hang up the phone, or if you find that we can, possiIf you have done your work correctly and gone deep into the conversation bly, we can continue the conversation you’d with me onduring that? with your prospectif ... most, if not like.You all objections, will be eliminated the engagement stage of the process. do get an objection at this stage, just look at it as a concern. Try to understand PROSPECT: Yeah sure. Iftheyoucustomer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you YOU: Okay I should probably start off asking you about …a request for more promised. Quite possibly, their objection is nothing more than information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 77 3 Objection #34: If I buy this, I could lose my job. This objection you would really only get if you were in some type of B2B sales environment and you are selling to C-level executives who are concerned they will lose their job if they make a wrong buying decision with your solution. PROSPECT: You know if I buy this I could lose my job. YOU: How do you mean? PROSPECT: Well if we get involved with you and for some reason it doesn’t work out, I could get fired. OBJECTIONS ARE ONLY CONCERNS YOU: Can I ask, has something happened in the past where you purchased something and it didn’t work out and your boss got upset at you? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. PROSPECT: Yes about six months ago got intojust afly offyear with Unfortunately, at that point we many salespeople the cuffcontract instead of working to uncover what the objection actually means. this company who does XYZ and I was the major cheerleader on that and Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts said on why your solution is good for them. It’s time to usecompathe same the company didn’t fulfill anything they they could do and the principles and methods you have learned from N.E.P.Q. ny had to do a buyout of that contract and everyone blamed me. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. You: Okay that makes more sense then. Tell me what specific parts of the If you do get an objection at this stage, just look at it asdo a concern. to understand _________ product/service/proposal we just went over youTryfeel might the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. not work for you? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: Well we like everything but your IT guy said that … There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. (Now at this point they are going to tell you the real concern they have Objections, or concerns, are sometimes any of the following: and you want to discuss that and diffuse that and requests thenforafter you have 1. The price of the solution you’re offering. done that come back around to the original objection and ask the next 2. The timing of your solution. question …) 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: So if we are able to come in and fix __________(repeat back their problems) so that you can __________(repeat back the desired results the company wants) how do you see this helping you the most as far as 78 3 how your boss starts to view you? Objection #35: Not interested. This is another knee jerk reaction some prospects will give you at the beginning of a cold call for B2C or B2B, or even if you call an outbound lead. It’s comparable to you walking into a retail store to shop for clothes, and the salesperson says, “How can I help you?” and you say, “Just looking.” It’s just a triggered response from what you are saying at the beginning of that conversation that causes them to go into fight or flight mode where they try to get rid of you. OBJECTIONS ARE ONLY CONCERNS PROSPECT: I’m not interested. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. YOU: Oh I apologize, I didn’t mean topoint offend you and just so you know Unfortunately, at that many salespeople just fly off the cuff instead of working to uncover what the objection actually means. I’m not quite sure we could even help you yet, we’d have to understand Please realize that this is not the time to go back into a selling mode to try to persuade themXYZ, with logical facts on your solution for them. It’s time help to use theyou same more about what you use for just towhysee if weis good could even principles and methods you have learned from N.E.P.Q. in the first place and if we can’t we can just end the call, or if you find that If you have done your work correctly and gone deep into the conversation we can, possibly, we can continue the conversation if you’d like.You with with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. me on that? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: Yeah sure. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: Okay I should probably start off asking you about … There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 79 3 Objection #36: I make the decisions around here, we don’t need to talk to anyone else in the company. This objection will come up quite a bit in B2B sales if you don’t understand what questions to ask to navigate through the company’s decision-making process and pull in other influencers and decision-makers. According to a recent article in Forbes, the average company in the United States has 6.7 decision-makers and or influencers. You must know how to get every single decision-maker or even someone who cannot make the decision but who can influence the decision-makers onboard with what you are OBJECTIONS offering, otherwise, you have no control over ARE ONLY CONCERNS the outcome of the deal. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. So what do you do in case Now a C-level executive says that you don’t need to is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to talk to anyone else and they can make the decision themselves? uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Realize this is a trap and nine times out of ten they can’t make the decision themselves but are either fishing for more information to take back If you have done your work correctly and gone deep into the conversation with to yournegotiate prospect ... most, with if not alltheir objections, will be eliminated during the to their bosses so they can try current vendors and engagement stage of the process. get a better deal or are trying to look good to you but have zero authority do get an objection at this stage, just look at it as a concern. Try to understand to buy at the end of the day.Iftheyoucustomer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. promised. possibly, their objection is nothing moreon than something a request for more like YOU: Besides you, who are the Quite other decision-makers information. this? There’s also the possibility that their objection may just be a request for a few simple Understand that they have to make that commitment before you deliver what you changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. (Next time ask it in this way - Can you walk me through your company’s Objections, or concerns, are sometimes requests for any of the following: decision-making process when it comes to solving problems like this?) 1. The price of the solution you’re offering. 2. The timing of your solution. PROSPECT: I make the decisions around here, no reason for anyone 3. The follow-up, or how they will be serviced. else to be involved. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: Oh I wasn’t questioning if you could make a decision for the company, what I’m asking is who else would be involved as far as implement80 3 ing this/using this/invoicing this/subscribing to this/understanding how this would solve XYZ problem? (Depending on what you sell you just plug in one of these.) In this example, let’s say you sell some type of software that has to be installed or set up with IT and they have to learn how to use it. PROSPECT: Well, we would have to get Jim involved. He is our CTO so he understands how it would work for his people, etc. YOU: Besides Jim though, who else would be impacted by your company switching from XYZ company over to us? OBJECTIONS ARE ONLY CONCERNS PROSPECT: Well our COO would need to have an understanding as she helps with … First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. YOU: Okay that makes sense. Would it help you if we booked a time latUnfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. er in the week to run through this with your CTO and COO to make sure Please realize that this is not the time to go back into a selling mode to try to persuade they are on the same pagethem and through questions they withgo logical facts on why your solution is good for them. will It’s timehave? to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly gone deep into the conversation PROSPECT: Yeah we could do that, it would beandhelpful. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 81 3 Objection #37: I’m worried this might not work out. PROSPECT: I’m worried this might not work out. YOU: What would prevent it from working out if it’s working for all of our other clients though? (Notice how I’m seeding that it’s working for our other clients here, which shows stability, and shows you get results for your clients.) PROSPECT: Well I’m worried that XYZ might not work for… (And now they tell you what they feel wouldn’t work, which could be a multitude of different things depending on what you sell.) OBJECTIONS ARE ONLY CONCERNS In this example, let’s say you sell a training program that teaches people how to start an e-commerceFirstbusiness where canis only make more money of all … we have to realize thatthey an objection a concern your prospect has. It’s not a rejection of YOU. and have more time. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: I’m worried this might not work out. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: What would prevent it from working out if it’s working for all of our If you have done your work correctly and gone deep into the conversation other clients? with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. do get an objection at thisthis stage, a just few look at ityears as a concern. Try toand understand PROSPECT: Well I boughtIftheyou something like ago they customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. made all these promises but never came through in the end, and I lost a Understand that they have to make that commitment before you deliver what you bunch of money. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple they would like to see included in what you have Perhaps YOU: Oh that’s no bueno, changes whatthat type of training program didoffered youthem. actually they want a few changes to the terms of what you are offering. go through? Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. PROSPECT: It was the ABC program with Tom Smith. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. YOU: Oh okay yeah I’ve heard of that. I think I’ve seen some of their ad4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources personnel to meet their needs. Were there other vertisements on Facebook and saw alikefew testimonials. people having success using that? 82 3 PROSPECT: Well I think, I mean I read several testimonials when I was looking at it. YOU: So if others were having success, what do you think held you back from having the same results? PROSPECT: Well I know others were doing well with it, but I just didn’t feel that when I had questions I could get a hold of someone who could help me, and at the same time I just had our second child and life got really busy. YOU: Okay so they weren’t really giving you the hands-on help, so the hands-on help is the most important to you then? PROSPECT: Yes for sure.OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. not a rejection YOU: You also mentioned It’sthat at theof YOU. same time you had your second Now is not the time to REACT .. but most sales people just REACT to an objection. child and life got too busy. So why look at changing your situation now, Unfortunately, at that point many salespeople just fly off the cuff instead of working to what the objection actually means. because I’m assuming youuncover are still busy, so why now rather than just Please realize that this is not the time to go back into a selling mode to try to persuade pushing this down the roadthem like would? withunsuccessful logical facts on why your people solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If youto have done your work correctly and gone deep into the conversation PROSPECT: Oh no we have do something now, it’s gotten to that with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. point. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 83 3 Objection #38: What’s different about your company compared to others out there that do similar things to you? This is an objection you might get at the beginning of a meeting with a board, or beginning of an appointment with any type of prospect where they just bluntly come right out and ask you this early on in the conversation. When this happens you want to remain calm, collective, and you want to disarm them where they start to pull you in. NEVER NEVER do what most salespeople do and start saying something like this, “Well the reason why we ARE are ONLY different is we have been in OBJECTIONS CONCERNS business now for _____. We have the best customer service, we have First ofbest all … we product have to realize that an objection of is only a concern your prospect has. the best owners, we have the because XYZ, and we have It’s not a rejection of YOU. the best service, we have the best this, we have the best that, Blah, blah, Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to blah, blah!!!” uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. This will only trigger more sales resistance from your prospects. Now why is that? It’s because EVERY single salesperson says they have the best If you have done your work correctly and gone deep into the conversation withmany your prospect if not all objections, eliminated during the in product or service right? How say... most, they have the will 5thbe best product engagement stage of the process. the market? NO ONE! If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. So when salespeople say they have the best, or talk down about their Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothingyou more than a request for more competition, it actually causes your prospect to trust less because information. they are used to every salesperson saying the same thing. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. So we want to disarm them here to get them to open up and start pulling Objections, or concerns, are sometimes requests for any of the following: us in 1. The price of the solution you’re offering. 2. The timing of your solution. PROSPECT: So what’s different about your company compared to oth3. The follow-up, or how they will be serviced. ers who do the same thing?4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: Well… maybe nothing (pause 2-3 seconds here, it’s important), 84 3 and just so you know I’m not quite sure we could even help yet, we would have to understand more about what you’re doing now with XYZ to see if we could even help you in the first place because you might be better off going with someone else. Are you with me on that? PROSPECT: (totally disarmed and stunned because they were not expecting that) Yeah we would like to see what you are offering. YOU: For sure, we would first need to better understand what you have now for _______, can you walk me through that? (And now you’re going to ask your first situation question.) Objection #39: Can you give me any guarantees? OBJECTIONS ARE ONLY CONCERNS This objection can come up in several different industries depending on what you sell. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: What type of guarantee do we have with this? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: Yeah we can cover that, tell me what’s behind that question just so I understand? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. You ask this question because want attothisfind out even If you doyou get an objection stage, just lookwhy at it as athey concern.are Try to understand the customer, and put yourself in your customer’s shoes as they determine if what offering is only a promise of by a better future. asking in the first place. Didyou’re they get burned another company in the they they have to make that commitment before you deliver what you past that couldn’t fulfill whatUnderstand they that said could do? There are so many promised. Quite possibly, their objection is nothing more than a request for more reasons why they might askinformation. this question, so instead of just answering it, There’s also the possibility that their objection may just be a request for a few simple and saying, “Yes we have achanges guarantee and the wayin what it works is…” that they would like to see included you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: First, you need to understand what’s behind that question, where is it 1. The price of the solution you’re offering. coming from, and a lot of times when you ask that question the prospect 2. The timing of your solution. will release their frustration3.from the past and will feel relieved and not The follow-up, or how they will be serviced. even care about any guarantee. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 85 3 Let’s give you an example of how this might look that’s industry-specific. In this scenario, the salesperson and potential customer are meeting for the first time and the prospect is looking to stock a popular line of consumer goods in a grocery store for example PROSPECT: What’s your company’s guarantee on returns? YOU: Yeah we can cover that, tell me what’s behind that question just so I understand? Let’s go back to look at the actual question that was asked ... “What’s your company’s guarantee OBJECTIONS with regardsARE to returns?” To the salesperson, ONLY CONCERNS this means that the retailer wants to buy merchandise without the risk of it of all prospect’s … we have to realizetrue that an objection is only a concern prospect has. not selling. But the issue is,First the intentions wereyournot speciIt’s not a rejection of YOU. fied in his question. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try toof persuade The potential customer’s question doesn’t even specify what kind rethem with logical facts on why your solution is good for them. It’s time to use the same principles and methods yoube. have learned from N.E.P.Q. turns, or what circumstances there might If you have done your work correctly and gone deep into the conversation your prospect ... most, if not all objections, will be eliminated during the PROSPECT: Yeah, we got with stuck with of torn labels and engagement stage an of theinventory process. damaged products about 6 months ago, and we lost tens of thousands If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes asagain. they determine if what from that. We just couldn’t risk doing something like that you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more NEW MODEL SALESPERSON: That makes sense. Can you tell me information. more about what happened? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Yeah, we had tons of torn labels, and about 15% of the inObjections, or concerns, are sometimes requests for any of the following: ventory was damaged when we got it, it was a huge loss for the company, 1. The price of the solution you’re offering. and ... 2. The timing of your solution. 3. The follow-up, or how they will be serviced. NEW MODEL SALESPERSON: Okay, so you’re 4. The quality of what you’re offering ... perhaps asking they want youabout to commit damage more time or more resources like personnel to meet their needs. to the product itself and the packaging? So if the label or product is damaged in any way, what we can do is ... 86 3 Notice the sequence of this conversation: 1. The prospect asks a question. The salesperson asks for more information by saying, “I’m curious, did you ask me that for a reason?” or even better ask, “Yeah we can cover that, tell me what’s behind that question just so I understand?”. 2. The prospect then provides more details as to WHY they asked the question/objection. 3. The salesperson gets feedback about the customer’s statement and offers a solution. OBJECTIONS ARE ONLY CONCERNS Let’s say, you sold a real estate training course and the prospect asks you for a guarantee. It would be a bit different, let’s take a look. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. PROSPECT: What’s my guarantee that this will work? Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. YOU: Yeah we can go overthemthat, tellfacts me, what’s behind thatIt’s question just with logical on why your solution is good for them. time to use the same principles and methods you have learned from N.E.P.Q. so I understand? Please realize that this is not the time to go back into a selling mode to try to persuade If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Well I bought a real estate course several years ago but I never made any money from If youit. do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to make that commitment before you deliver what you YOU: What course did youUnderstand actually buy? promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple PROSPECT: It was the XY … changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 87 3 Objection #40: I’ve never done this before, that’s more money than I’ve ever spent. This is an objection you might get quite a bit if you sold in the high ticket industry. In this example, let’s say you sold a trading software that teaches you how to successfully trade and make money at it. PROSPECT: I’ve never done this before, that’s more money than I’ve ever spent. YOU: How do you mean exactly? PROSPECT: Well it seemsOBJECTIONS like this is ARE going to cost me a lot of money. ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. YOU: Well I’m assuming you understand when you want to acquire the It’s not a rejection of YOU. right skillsets to be able to make money trading going to require capital Now is not the time to REACT .. but most it’s sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to or credit to put into that so you make lot means. of money and really miniuncovercan what the objectiona actually Please realize that this is not the time to go back into a selling mode to try to persuade mize the risk right? them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have done your work correctly and gone into the conversation YOU: How much funding doIfwith you think most people putdeep into acquiring your prospect ... most, if not all objections, will be eliminated during the engagement stagethat of the process. those types of skills so they can make type of money where they can actually leave their jobs andIf you become full-time traders? How much do you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what think most invest? you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: Well I’m not sure. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: Typically, it’s tens of thousands of dollars and years of their lives Objections, or concerns, are sometimes requests for any of the following: trying to learn that. So when people see all they have to put into the trad1. The price of the solution you’re offering. ing software and us training2. The them how to use it that it’s only $21,000 comtiming of your solution. pared to the amount of money they make from learning those skills they 3. The follow-up, or how they will be serviced. feel they are stealing it from4. The us.quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. I mean you tell me is it more risky to get the funding together put it into 88 3 the trading software, we train you and you get up to ________ a year like you mentioned? OR Is it more risky for you to do nothing at all, stay in the status quo, your financial problems stay the same and nothing ever changes? Which is more risky? If they still cannot overcome this concern at that point, then you go into the standard, “We don’t have the money objection” found in the training here. OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Objection #41: We are still “price shopping”. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade PROSPECT: We are still price shopping. them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have shopping? done your work correctly and gone deep into the conversation YOU: How do you mean byIfwith price your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. you dolooking get an objection stage, just look at it as a with concern.the Try to understand PROSPECT: Well we are Ifthe just forat this the best price budget customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. we have. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: So is price the most There’s important thing to you, or actually getting realso the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps sults and solving the problem? they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: PROSPECT: What do you1. The mean that? price of by the solution you’re offering. 2. The timing of your solution. In this example, let’s say you sold commercial windows … 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: Well I’m asking because we could always just lower the price but 89 3 it depends on the results you actually want to get. Are you looking for like the cheapest windows that would probably have to be replaced every 5-7 years or so, and your utility bill would be about the same because the cold air would still seep in, or are you looking for more of a mid-range window that’s going to last about 12-15 years and your utility bill will probably drop around 20%, or are you looking for the top of the line window that’s going to last 20-25 years and your utility bills go down 30-40% a month? Which is actually cheaper once you break it down long term? OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 90 3 Objection #42: I want to speak to other companies first. Let’s say you get this objection at the end of your sales process when you are trying to close. The point here is, do you actually know what their real concern is? Because if they loved everything you had to offer, had 100% certainty it would solve their problems, and get them where they want to be, then they would never say this to you. So we have to understand they have a concern behind this statement that we need to find out and then address and diffuse PROSPECT: This is really good and we appreciate you coming over but ONLY CONCERNS we want to speak with otherOBJECTIONS companiesARE first. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. YOU: Yeah that’s not a problem. What are you hoping these companies Now is not the time to REACT .. but most sales people just REACT to an objection. will say to you? Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: Well we just want to compare prices and things like that? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: How do you mean ‘things like that’? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: Well we just want to compare what each company does Understand that they have to make that commitment before you deliver what you and see all the prices. promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple that with they would to see included in what youcompanies, have offered them. Perhaps YOU: So let’s suppose youchanges meet alllikethese different you they want a few changes to the terms of what you are offering. put in all that work, and we all meet your criteria including the price. How or concerns, are sometimes requests for any of the following: would you then decide whatObjections, to do? 1. The price of the solution you’re offering. 2. The timing of your solution. (Now here is where you find out what they really are looking for or what 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or the real concern is once you ask this question.) more resources like personnel to meet their needs. PROSPECT: Well at that point we would be looking at who can … 91 3 And then they tell you the one thing, the one thing that pulls them over the edge. Now you know exactly what that one thing is, and your competitors would have no clue because they wouldn’t even know how to ask that question or be able to get the prospect to tell them. Now you have the advantage. Sometimes right here they will even bring up a valid concern or a logistical concern. Let’s say if you sold farm equipment, they might say, “Well at that point we would want to know who can best do XYZ.” Now you know what their concern is, you address it, diffuse it and they buy on the spot. OBJECTIONS ARE ONLY CONCERNS Objection #43: I never make rash decisions. First of all … we have to realize that an objection is only a concern your prospect has. not a rejection of YOU. it over” objection from a prosThis is very similar to the “I It’swant to think Now is not the time to REACT .. butone most sales people and just REACT to an objection. pect. Meaning it’s not the real objection. No goes thinks about a Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. buying decision for weeks on end. Something you said or did not ask in Please realize that this is not the time to go back into a selling mode to try to persuade that sales conversation or process triggered them have that them with logical facts on why your solution isto good for them.uncertainty It’s time to use the same principles and methods you have learned from N.E.P.Q. your company could get them the results they want. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: I never make rash decisions on the spot. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: What do you mean by a rash decision? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s time also the possibility that their objectionthis. may just be a request for a few simple PROSPECT: Well I just need to think about changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. or concerns, sometimes requests any of the following: YOU: That’s not a problem.Objections, What’s youraretimeframe onforgetting back to me 1. The price if of the solution you’re in the next day or two just to see I would beoffering. available for you? 2. The timing of your solution. 3. The follow-up, or how they will be serviced. Now, why on earth would I not try to overcome that objection right here? 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Why would I try to set up a second call? Because it takes the sales pressure right out of the conversation. It 92 3 disarms the prospect and causes them to let their guard down. Remember the whole point is to get them to open up about what’s behind them saying, “I never make rash decisions like this.” It also positions you as busy with other clients you don’t need the sale. You’re detached. It disarms them where they become more open… PROSPECT: I guess I could call you in a few days (you need a scheduled time, no waffling) SALESPERSON: Well possibly, I’m not sure I’d be available randomly like that, what I can do if you have your calendar handy, I can pull up mine and have you book a specific time with me, that way you don’t have to chase me down and vice versa, would that be appropriate? OBJECTIONS ARE ONLY CONCERNS (This is called a calendar commitment, every and your shows that First of all … we have to works realize that an objectiontime, is only a concern prospect has. It’s not a rejection of YOU. you are not desperate, you are busy, you have tons of clients you are Now is not the time to REACT .. but most sales people just REACT to an objection. at that point many salespeople just fly off the cuff instead of working to helping solve problems.) Unfortunately, uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Now after you book the appointment, you ask this: SALESPERSON: Now before I go, what you wanting to go over with your prospect ... most,were if not all objections, will be eliminated during the engagement stage of the process. in your mind (a better way of saying, “What do you want to think If you do get an objection at this stage, just lookhave at it as a concern. to understand about?”), just so I know what questions you might whenTrywe talk the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. tomorrow? If you have done your work correctly and gone deep into the conversation Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. Now this is the key at thisThere’s point, they are going to tell you what their also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps real concern is. they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: They might say, “Well I’m just concerned about…” or “I’m just not 1. The price of the solution you’re offering. understanding this part…” or “I’m not sure if I can get the money for 2. The timing of your solution. this…” 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Now would you rather know what their real concern is now when you are on zoom with them, in person, or on the phone rather than not knowing and hoping and praying they show up to the next ap93 3 pointment? And then you will be able to clarify their concern, ask a diffusing question and then discuss it like two people who are trying to work out a solution together and most of the time close the sale on that call. Now let’s say at the end of all that you try and resolve their concern but they still come back around and say: PROSPECT: Well this sounds good but I still just do not make rash decisions. YOU: Well you tell me is it more risky for you to get the funds together so OBJECTIONS ARE ONLY CONCERNS that you can… (repeat back what they said they wanted) First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Or Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Is it more risky for you to doPlease nothing at all, stay in the status quo, probrealize that this is not the time to go back into a selling mode to try to persuade with logical facts on why your solution is good for them. It’s time to use the same lems stay the same (repeatthem back what the main problem was they told principles and methods you have learned from N.E.P.Q. you) and nothing ever changes? If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Which is more risky? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Objection #44: We already use vendor X, why should we go with you? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. This objection usually happens towards the beginning of a sales call, especially cold calling. It also Objections, comesorup sometimes if you are presenting to concerns, are sometimes requests for any of the following: a board, and someone on the up asks you this question 1. The board price of the straight solution you’re offering. within the first few minutes.2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or How you react to this will determine prospect opens up, or emotionmore resourcesif likethe personnel to meet their needs. ally shuts down. 94 3 Remember it’s all about disarming the prospect to get them to let their guard down and open up. PROSPECT: Why should we go with you, we already have a company who does that for us? YOU: Well I’m not quite sure that you should yet… (pause 2-3 seconds) we’d have to understand more about what you’re currently using in XYZ area, compared to where you want to be, to see what that GAP looks like, just to see if we could even help because you might be better off staying with who you already have. Are you with me on that? Now watch how the prospect immediately lets their guard down. You have AREtoONLY admitted that you might notOBJECTIONS even be able helpCONCERNS them because you don’t know anything about their situation. When you give prospects the impresFirst of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection YOU. sion that you are there for them, theyof start to view you much differently Now is not the timesomething. to REACT .. but most sales people just REACT to an objection. than anyone else trying to sell them Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade themthe with logical facts on why yourTrusted solution is good for them. It’s timewho’s to use the same They will start to view you as Expert, the Authority goprinciples and methods you have learned from N.E.P.Q. ing to get them the results they want. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Yeah that makes sense. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Can you walk me through you’re Understand what that they have to makecurrently that commitmentusing before youfor… deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 95 3 Objection #45: I don’t want to go into debt. This objection you will see primarily in the high ticket industry with business opportunity, and/or coaching, and course sales. High ticket of anywhere between $5k-$100k offers. We train a lot of companies in this space as well. So let’s address this industry-specific so you can see how it works. Once again depending on what you sell you can adapt this to your industry too, just a few small tweaks will be needed. In this example, let’s say you sell affiliate marketing courses that train people on how to make money online and become a full-time internet OBJECTIONS ARE ONLY marketer. The two biggest problems people haveCONCERNS for this industry are they want to make more money and they want to have more time, so they are First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. looking to start their own business. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: We really like this but will have to wait until we have the full Please realize that this is not the time to go back into a selling mode to try to persuade on why your solution is good for them. It’s time to use the same amount. We just don’t wantthem to with gological intofactsany debt. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect most, if not all objections, will be eliminated during the YOU: Can I make a suggestion on this...topic? engagement stage of the process. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what PROSPECT: Sure go ahead. you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: I’m a big Dave Ramsey fan, and he talks about how there are two There’s also the possibility that their objection may just be a request for a few simple types of debt. There is consumer and then there debt. changes thatdebt, they would like to see included in what is you business have offered them. Perhaps they want a few changes to the terms of what you are offering. Are you familiar with what the difference is? Objections, or concerns, are sometimes requests for any of the following: PROSPECT: Well not really. 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering credit ... perhaps they want you to commit time or YOU: Consumer debt is where you take your card, you go more to the more resources like personnel to meet their needs. mall, you buy a new pair of shoes, you buy new clothes, you go buy a flat-screen jumbo TV, you buy some cool headphones, you buy that fancy 96 3 new car. How many of those things make you money? PROSPECT: Well none of them. YOU: Exactly, they just take your money, that’s considered by Dave Ramsey and other debt experts as bad dead. YOU: Now good debt according to business owners and investors is taking capital, a loan, credit and injecting it into the business so it can start, and grow and make you a lot more money. Do you see the difference? Because without the capital or using credit putting it in, how would you ever be able to start your own business so you can make more money OBJECTIONS ARE ONLY CONCERNS and be able to get out of your job so you have time to be with your family? (This is a NEPQ™ consequence question.) First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Objection #46: I don’t want to commit to anything. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. This objection you really could get in any industry. It’s not one of the top 3-4 you will always get but Ifyou it here and there let’s address it. you dowill get anget objection at this stage, just look at it as aso concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. that they have to make that commitment before you deliver what you PROSPECT: I don’t want Understand to commit to anything rightmore now. promised. Quite possibly, their objection is nothing than a request for more information. YOU: How do you mean? There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: It’s very important to first clarify soof the you really understand what they mean 1. The price solution you’re offering. timing of your solution. by this statement, and most2. The importantly understand what their real conThe follow-up, or how will be serviced.is not a real objection. cern is. Saying I don’t want3.to commit totheyanything 4. The quality of what you’re offering ... perhaps they want you to commit more time or There was something you said or did not ask that is causing uncertainty more resources like personnel to meet their needs. in their mind and triggering them to say this to you. 97 3 So let’s find out what that is. In this example, let’s say you sell recruiting software and services to help companies recruit good-quality truck drivers to fill their trucks and deliver goods. PROSPECT: Well we just want to wait and see what happens. YOU: That’s not a problem. Can I ask you something though? PROSPECT: Sure go ahead. OBJECTIONS ARE ONLY CONCERNS YOU: How would I be able to communicate to you that you might be of all … we have to realize that an objection is only a concern your prospect has. making the wrong decision First without you getting upset with me? It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Oh I wouldn’t get upset, what did you have in mind? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: You had mentioned that you wanted to fill 5-10 new trucks a month If you have done your work correctly and gone deep into the conversation but you are having a hard time finding drivers which has caused with your prospectstable ... most, if not all objections, will be eliminated during the engagement stage of the process. you guys to miss out on loads that are going to your competitors which do get an objection at this stage, just look at it as a concern. Try to understand you mentioned was costingIftheyou you around XYZ dollars every month. customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you Quite possibly, theirtogether objection is nothing than a this request issue, for more So is it more risky for you topromised. get the funds tomore solve be information. able to hire 5-10 high-quality drivers every month and all those loads start There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps going to your company instead ofa few your competitors? they want changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: Or 1. The price of the solution you’re offering. 2. The timing of your solution. Is it more risky for you guys to do nothing at all, the problems stay the 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources personnel tomonth meet their needs. same, you keep losing all those loadslike every and the company revenue keeps stagnating like you said? 3. The follow-up, or how they will be serviced. 98 3 Which is more risky? Objection #47: I need to ask my mom/brother/ financial advisor/uncle who lives in a van down by the river. LOL! In all seriousness, though, you will have people especially if you are in more of a B2C (business to consumer) sales environment that will give you this objection. The key here is understanding that this is a triggered reaction from something you said or did not ask that has caused them to have uncertainty or OBJECTIONS ARE ONLY CONCERNS fear that it will not work out for them, or they are worried they don’t have the money for it, so they are from isanother First seeking of all … we havevalidation to realize that an objection only a concernsource your prospecton has. It’s not a rejection of YOU. what they should do. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Pleasebut realize Ithat this is notI the time to go into a to try toand persuade PROSPECT: I really like this think need toback talk toselling mymode mom them with logical facts on why your solution is good for them. It’s time to use the same principles and haveIlearned fromI N.E.P.Q. see what she thinks. Or, I really likemethods thisyoubut think should talk to my financial advisor and see whatIf you she thinks I should do. have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. In this example, let’s say you which lowers power bills If yousell do get solar an objection at this stage, just look atpeople’s it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what and after 25 years they don’t even anymore. you’re offering ispay only a promise of a better It’s future. like owning your own Understand haveyears to make that commitment before deliver whatyour you home and getting the loan paid offthatinthey25 compared toyourenting promised. Quite possibly, their objection is nothing more than a request for more information. home for the rest of your life. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: Yeah that’s not a problem. How does your mom feel about you or concerns, are sometimes requests for any of the following: putting solar in so you can Objections, save money on your utilities every month and 1. The price of the solution you’re offering. eventually not even have a bill anymore? 2. The timing of your solution. 3. The follow-up, or how they will be serviced. (See how I am tying in them purchasing what offering what the 4. The quality of what you’re offering I... am perhaps they want youwith to commit more time or more resources like personnel to meet their needs. prospect wants which is to save money on the bill and eventually not have a bill anymore?) 99 3 PROSPECT: Well I think she would want me to do it. YOU: But what happens if you go to her and she doesn’t want you to put solar in. Your electricity bill keeps going up 5-6% every year, and you end up paying it for the rest of your life? PROSPECT: Well I really value her opinion. YOU: Does she have solar installed for her home? PROSPECT: No she doesn’t. OBJECTIONS ARE ONLY CONCERNS YOU: Does she want to keep having to pay her utility bills that keep goFirst of all … we have to realize that an objection is only a concern your prospect has. ing up 5-6% a year? It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well of course not she wouldn’t want to keep paying higher Please realize that this is not the time to go back into a selling mode to try to persuade bills. them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. you have done your work correctly and gone deep into the conversation YOU: So if she doesn’t wantIfwith toyour keep paying her high utility bills why prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. would she want her own daughter to have to keep paying them? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: Yeah makesUnderstand sense. I don’t see why should we want me to that they have to make that commitment before you deliver what you Quite possibly, their objection is nothing more than a request for more have to keep paying those promised. forever. information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: Do you feel this could be the answer for you? Objections, or concerns, are sometimes requests for any of the following: The price of the solution you’re offering. You just helped her diffuse 1.that objection then you simply ask a commit2. The timing of your solution. ment question (AKA closing) and you wrap the sale up! 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. 100 3 Objection #48: Is this a scam? This is an objection you will see a lot of if you sell anything that has to do with making money on the Internet, network marketing, and/or business opportunities. In this example, let’s say you sell a network marketing opportunity. So you have to recruit people and get them to buy your company’s products if you want to really succeed in that industry. The problems you solve for people are helping them start a business with a low upfront cost and low overhead. Helps them make more money and have more time with their family, etc. CONCERNS PROSPECT: My friend at OBJECTIONS church saidARE thisONLY is a scam. First of all … we have to realize that an objection is only a concern your prospect has. YOU: How do you mean? It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well she said that she tried one these things before and Please realize that this is not the time toof go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same she didn’t make any money. principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: What did she actually try just so I understand? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. PROSPECT: She joined some MLM named __________. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. YOU: Oh yeah I have heard of that company, seems like they have thouThere’s also the possibility that their objection may just be a request for a few simple changes would like toare see included in what you have offered them. Perhaps sands involved so there must bethatathey ton that successful for them to be they want a few changes to the terms of what you are offering. that big of a company. What do you think held your friend back from havObjections, or concerns, are sometimes requests for any of the following: ing success if there were others getting results? 1. The price of the solution you’re offering. 2. The timing of your solution. PROSPECT: Well I am not3. The sure why she didn’t do well I would have to follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or ask her. more resources like personnel to meet their needs. YOU: Is your friend extremely wealthy as well? 101 3 PROSPECT: Oh no, not at all, I would say middle class probably at best. YOU: Can I make a suggestion? PROSPECT: Sure go ahead. YOU: Have you ever considered that if you take financial advice from people who have no experience running a business and are not wealthy themselves that it might prevent you from starting your own business and having financial freedom in your life? PROSPECT: Well I’ve never thought about thatCONCERNS in that way, I see where OBJECTIONS ARE ONLY you are coming from. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. YOU: Well you tell me are Now you going toREACT be.. but more successful inanbusiis not the time to most sales people just REACT to objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to ness taking advice from your friend or someone who is not successful or uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade wealthy themselves? them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done work correctly and gone deep into the conversation Or taking advice from someone who isyoursuccessfully running the same with your prospect ... most, if not all objections, will be eliminated during the engagement stage ofwith the process. business you’re wanting to get involved and making __________of dollars a year? If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliver what you Which person is going to help you make the most money? promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: Well of course I would be way more successful taking advice from a successful person. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The taking timing of your solution. YOU: Yeah I mean that’s like advice from a friend who’s been di3. The follow-up, or how be serviced. vorced four times on what you should dotheyinwillyour relationship? How suc4. The quality of what you’re offering ... perhaps they want you to commit more time or cessful would you be? more resources like personnel to meet their needs. PROSPECT: Hahaha that’s so true… 102 3 Objection #49: I just have this fear that it won’t work out for me. In many industries, you will hear this objection quite a bit. Remember, all selling is, is CHANGE. It’s about how good you are at getting your prospects to view in their mind that by changing their situation (purchasing your solution) so they can solve their problems and get what they want is far LESS RISKY than them doing nothing at all, the problems stay the same, and nothing ever changes. So whether they want something better or are trying to get away from PAIN, it’s all about CHANGE. OBJECTIONS ARE ONLY CONCERNS of all … we have to realize that an objection do is only not a concern your prospect has. Now here is your problem First though, human beings like change It’s not a rejection of YOU. even though they say they do. It makes us feel unsettled and uncomNow is not the time to REACT .. but most sales people just REACT to an objection. at that point many salespeople just fly off the cuff instead of working to fortable especially when it’sUnfortunately, initiated by salespeople ready to pitch their uncover what the objection actually means. products or services within Please 10 seconds ofthemeeting ainto prospect. realize that this is not time to go back a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. Human behavior shows that we value tradition, consistency, and someIf you have done your work correctly and gone deep into the conversation yourdon’t prospect like ... most,itif not all objections, be eliminated during the thing that is familiar even ifwith we that muchwill over something engagement stage of the process. that is new and foreign to us. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. It’s your job as the sales professional to help them overcome their fear so Understand that they have to make that commitment before you deliver what you promised. Quite problems, possibly, their objection is nothing than athey request for more they can move forward, solve their and getmore what want. information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. PROSPECT: I just have this fear that this won’t work out for me. YOU: What do you mean you fear it won’t work out? Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. PROSPECT: Well in the past, with the resorts we have used, we’ve had 3. The follow-up, or how they will be serviced. problems with check-ins and our dinner service. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. NEW MODEL SALESPERSON: How do you mean exactly? 103 3 PROSPECT: It’s really just the timing. I cannot fly all of our employees in between 2:30 and 5:00 pm for check-in so they can be ready for the welcome reception by 6:30. We really have to have some rooms ready by noon or 1 p.m. The employees get upset when they get to the check-in counter and their rooms are not ready. NEW MODEL SALESPERSON: Can you tell me how this affects you when this happens? PROSPECT: Well, everyone starts calling me, then my boss jumps me. It happened a few months ago and I thought I might lose my job. NEW MODEL SALESPERSON: How did that make you feel? ARE ONLY CONCERNS PROSPECT: Devastated, OBJECTIONS to say the least. I have a family to take care of so I can’t lose my job. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. NEW MODEL SALESPERSON: So this is important to you to get it Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. right? Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. PROSPECT: Oh, you have no idea. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: You had also mentioned you were concerned about the dinner service. Can you tell me more Ifabout you do get that? an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. Understand that they have to make that commitment before you deliverrecepwhat you PROSPECT: We usually have over 500 people at the welcome promised. Quite possibly, their objection is nothing more than a request for more information.get served cold food. It causes those tion. Usually, the last 8-10 tables also the possibility that their objection may just be a request for a few simple tables to get really upset. There’s changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: Does it have an impact on you when that happens? Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. timinghave of your solution. PROSPECT: Yes it does. 2.I The then to go in crisis mode and help calm 3. The follow-up, or how they will be serviced. them down when I should be directing my attention to the after-dinner 4. The quality of what you’re offering ... perhaps they want you to commit more time or event. more resources like personnel to meet their needs. 104 3 YOU: That makes sense. Tell me, what other points of concern do you have? PROSPECT: I don’t really have any other concerns. We just need to make sure it’s well planned out and then executed. YOU: I can show you how our hotel operations can be tailored to your schedule if you’d like. Would that possibly take some pressure off of you? PROSPECT: Wow, it sure would. When can we do that? And just like that, POOF, the fear, the objection is gone! OBJECTIONS ARE ONLY CONCERNS Objection #50: It sounds too good to be true. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. This is just another fear-based objection will see inoffseveral Unfortunately, at that pointyou many salespeople just fly the cuff insteadindustries of working to uncover what the objection actually means. especially if you sell some type of product or service or training program Please realize that this is not the time to go back into a selling mode to try to persuade with logical facts on why your solution is good for them. It’s time to use the that teaches people how tothem make more money. This one will come upsame freprinciples and methods you have learned from N.E.P.Q. quently. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Well it just sounds too good to be true. If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. YOU: Well would you like us to make it harder for you? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: (Most will laugh) Oh don’t get me wrong but when I was There’s also the possibility that their objection may just be a request for a few simple a kid my granddad would always “If like it tosounds to bethem. true it changes thatsay, they would see included too in whatgood you have offered Perhaps they want a few changes to the terms of what you are offering. probably is.” Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. YOU: Can I ask you something? 2. The timing of your solution. 3. The follow-up, or how they will be serviced. YOU: That saying “if it sounds too good to be true it probably is” where 4. The quality of what you’re offering ... perhaps they want you to commit more time or resources like personnel to meet their needs. do you think that came from,more someone that was extremely rich or someone that was poor? 105 3 PROSPECT: I’m not sure maybe someone that was poor? YOU: Exactly someone that was poor. So if we take advice from poor people, what type of (financial) results do you think we are going to get in our own lives? PROSPECT: Well I guess the same results they are getting. YOU: Do you want to change that? PROSPECT: Yeah I have to change. YOU: Well you don’t have to. I mean why do this now, why not push it down the road like unsuccessful people would? OBJECTIONS ARE ONLY CONCERNS PROSPECT: Oh I’m not going to be like them. First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. is not the time to REACT .. but most sales people just REACT to an objection. YOU: What would prevent Now it from working out if it’s working for all of our Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. other clients though? (Notice how I’m seeding that it’s working for our othPlease realize that this is not the time to go back into a selling mode to try to persuade er clients here, which shows stability, and shows you results your them with logical facts on why your solution is goodget for them. It’s time to for use the same principles and methods you have learned from N.E.P.Q. clients.) If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: Well I’m worried that XYZ might not work for … (and now they tell you what they feel Ifwouldn’t work,at this which could be a multitude of you do get an objection stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what different things depending on what sell).of a better future. you’re offering isyou only a promise Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. In this example, let’s say you sell a training program that teaches people also the possibility that their objection may just be a request for a few simple how to start an e-commerceThere’s business where they can make more money changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. and have more time. Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. PROSPECT: I’m worried this might not work out. 2. The timing of your solution. follow-up, or how they will be serviced. YOU: What would prevent 3.itThefrom working out if it’s working for all of our 4. The quality of what you’re offering ... perhaps they want you to commit more time or other clients? more resources like personnel to meet their needs. PROSPECT: Well I bought something like this a few years ago and they 106 3 made all these promises but never came through at the end, and I lost a bunch of money. YOU: Oh that’s no bueno, what type of training program did you actually go through? PROSPECT: It was the ABC program with Tom Smith. YOU: Oh okay yeah I’ve heard of that. I think I’ve seen some of their advertisements on Facebook and saw a few testimonials. Were there other people having success using that? PROSPECT: Well I think, I mean I read several testimonials when I was looking at it. OBJECTIONS ARE ONLY CONCERNS YOU: So if others were having success, what do you think held you back First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. from having the same results? Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: Well I know others were doing well with it, but I just didn’t Please realize that this is not the time to go back into a selling mode to try to persuade feel that when I had questions I could get ayour hold ofis good someone who them with logical facts on why solution for them. It’s time to usecould the same principles and methods you have learned from N.E.P.Q. help me, and at the same time I had just had our second child and life got If you have done your work correctly and gone deep into the conversation really busy. with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: Okay so they weren’tIf youreally you thejusthands-on help, so the do get angiving objection at this stage, look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what hands-on help is the most important toa promise you ofthen? you’re offering is only a better future. Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: Yes for sure. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. YOU: You also mentioned that at the same time you had your second child and life got too busy. So whyor look atarechanging your situation now, Objections, concerns, sometimes requests for any of the following: The price of the solution you’re offering. now rather than just because I’m assuming you1.are still busy, so why The timing of your solution. pushing this down the road2.like unsuccessful people would? 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or PROSPECT: Oh no we have do something it’s gotten to that moreto resources like personnel to meetnow, their needs. point. 107 3 Objection #51: Can you just give this to me for free, and once I make money I will pay you back? Now, this objection you will only get in certain industries, especially if you sell anything that is a service, training, or product that helps the prospect make money. Examples: ● If you sell trading software that trains you to trade to make money. ● If you sell leads to people to help them make more sales. ● If you sell real estate education to help people make money in real estate. OBJECTIONS ARE ONLY CONCERNS ● If you sell e-commerce or Amazon SBA courses that teach you how to make money online.First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejectionopportunity. of YOU. ● If you sell a network marketing Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: If this is so good, then why don’t you guys just let me have Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same the software for free and then once I make money I will pay you back with principles and methods you have learned from N.E.P.Q. interest. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. YOU: Help me understand, how would the owners be willing to give away do get an objection at this stage, just look at it as a concern. Try to understand something that gives clientsIftheyou that type of skill level to become full-time customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. traders and leave their jobs? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. PROSPECT: Well I’m not There’s sure, if it’sthatthat goodmay why just it alsobut the possibility their objection just benot a request for agive few simple changes that they would like to see included in what you have offered them. Perhaps away and then let us pay them back? they want a few changes to the terms of what you are offering. Objections, or concerns, are sometimes requests for any of the following: YOU: Can I make a suggestion? 1. The price of the solution you’re offering. 2. The timing of your solution. 3. The follow-up, or how they will be serviced. PROSPECT: Sure go ahead. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. YOU: Have you ever considered that way of thinking where someone 108 3 should just give you something extremely valuable that helps you make more money… for free… has kept you financially exactly where you’re at in your life? PROSPECT: I guess it could have… YOU: Yeah because how could we force someone to follow what we teach them to do and then hope and pray that they even pay us back after they start making money? A client could go out and make a bunch of money from what we train them and never even pay us back. There is no way we could force them to pay us back. They could just steal all of the training and we could do nothing about it. How are you going to overcome that way thinking so you can move OBJECTIONS AREofONLY CONCERNS forward, learn to trade, and start making more money so you don’t have to stay in your job forever? First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. PROSPECT: I know I need to do something different. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. YOU: What happens if you don’t though, if you just stay in the same job, same income the next 5-10-15 If you years? have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. PROSPECT: OMG yeah that would not atbe good. If you do get an objection this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. they have to make that commitment before you deliver what you YOU: So the question just Understand comesthatdown to this, is it more risky for you to promised. Quite possibly, their objection is nothing more than a request for more get the funding together to information. invest into the trading platform, you learn the There’s also the possibility that their objection may just be a request for a few simple skills and you start making changes way that more money? they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Or … Objections, or concerns, are sometimes requests for any of the following: 1. The price of the solution you’re offering. 2. The timing of your solution. Is it more risky for you to do3. The nothing at all, stay in the status quo, probfollow-up, or how they will be serviced. lems stay the same and nothing ever 4. The quality of whatchanges? you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. Which is more risky? 109 3 OBJECTIONS ARE ONLY CONCERNS First of all … we have to realize that an objection is only a concern your prospect has. It’s not a rejection of YOU. Now is not the time to REACT .. but most sales people just REACT to an objection. Unfortunately, at that point many salespeople just fly off the cuff instead of working to uncover what the objection actually means. Please realize that this is not the time to go back into a selling mode to try to persuade them with logical facts on why your solution is good for them. It’s time to use the same principles and methods you have learned from N.E.P.Q. If you have done your work correctly and gone deep into the conversation with your prospect ... most, if not all objections, will be eliminated during the engagement stage of the process. Ready to take your career to the next level and be a If you do get an objection at this stage, just look at it as a concern. Try to understand the customer, and put yourself in your customer’s shoes as they determine if what you’re offering is only a promise of a better future. SALES LEGEND? Understand that they have to make that commitment before you deliver what you promised. Quite possibly, their objection is nothing more than a request for more information. There’s also the possibility that their objection may just be a request for a few simple changes that they would like to see included in what you have offered them. Perhaps they want a few changes to the terms of what you are offering. Learn the new model of selling that works Objections, or concerns, are sometimes requests for any of the following: with human 1.behaviour that gets you the best The price of the solution you’re offering. results and start selling more of your solution by 2. The timing of your solution. joining the Joining the Sales Sales Revolution Revolution FB FB Group! Group! 3. The follow-up, or how they will be serviced. 4. The quality of what you’re offering ... perhaps they want you to commit more time or more resources like personnel to meet their needs. go.7thlevelcommunications.com/group https://www.facebook.com/groups/salesrevolutiongroup 110 3