A Master Class in Closing Sales V1 by James Xavier - HTML preview

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introductions to recruitment

agencies

We will use this above comparison table in our examples to follow.

Also, in my experience the more complex the sale, meaning the more points of comparison

(over 20), the easier it is too overcome objections. So, if you are ever looking at a new

sales job, don’t be afraid if the product or industry looks too complicated; by really

studying the points of comparison, you will be able to excel in the role.

Know the Best and Worst case scenarios for each point of comparison

Before talking to the prospect you should already know what the best and worst case

scenarios are for each product comparison point. Have a look at the following table.

Points of

Best Case Scenario

Worst Case Scenario

comparison

Price

Save money

Waste money

Teacher Experience Have an expert teacher and

Have a an inexperienced teacher

Mentor

School Reputation

The school name opens doors

Has a bad reputation and could

for you in the job market

affect your job prospects

After hours course

The teachers are available for

You don’t get the support you need

support

you when you need them

when you need it

After course

Get long term mentors into

Be on your own with no support

completion support the future

Library access

Have access to all the facilities

Not have access to all the facilities

when you need them

when you need them

Exam pass success

You pass your exam with a

You fail the exam and you waste

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high mark

your time and money

Change to network

Meet all the other alumni and

Meet only a few people and miss

make professional connections

the change to make professional

for life

connections

Job Help

The College introduces you to

No Job help and you spend months

an employer and you get a job

and months looking for work.

In the qualification stage of the sales cycle, you need to determine what is important to

the prospect in relation to the points of comparison.

Examples of what may or may not be important for these two prospects; have a look at

what the prospects said:

Points of

Mark Jones

Bill Jobs

comparison

Price

Price is not an issue

I’m not working at the

moment so I need to save

money

Teacher

As long as they are patient and can

As long as they are qualified

Experience

explain complex issues with ease

School

I’m not worried about that

I think it’s important for

reputation

getting job interviews

After hours

I need after hours course support, as I

I have free time, so I don’t

course support

work at odd times, and may be

really need after hours

studying at night

support

After course

I will need after course support, as my

Yeah that would be nice

completion

company is funding this course

support

specifically so that I can run a major

company project. I’ll need all the

support I can get.

Library access

I don’t care about library access; I’ll go

Yeah it’s very noise where I

to the scheduled classes and then study live and I need somewhere

from home.

quite with all the recourses

to study properly.

Exam pass

Yes it’s somewhat important

I have to pass this exam

success

Chance to

Yeah that would be nice

I’m new to this city so I

network

really need to network and

make as many professional

contacts as possible.

Job Help

Not relevant

Yes, as much as possible. If I

don’t get a job in the next 12

months, I really don’t know

what I will do

In the qualification stage you have to discover this through your questioning. To overcome an objection effectively this understanding is a pre-requisite.

Use Best and Worst case scenario visualisations to overcome objections

Now you have to craft a best and worst case scenario visualisation for each point. This will be used in the conversation to overcome competitor comparison questions.

Using the previous example, look at the following price objection.

Price Objection

Sales Rep from Delta College:

How did you go with the proposal I sent over?

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Bill Jobs:

Yeah it was good but I decided to go with the Alpha school, it’s $500 cheaper and you

know I want to save as much money as I can.

Sales Rep from Delta College:

Yes, it is $500 cheaper but they don’t help you get a job. I thought that is what you

wanted.

Bill Jobs:

Um, yes it is but I also have to save money.

Sales Rep from Delta College:

Yes, I understand you want to save money. But the end result for you is that you must get

a job.

You know that as part of our package, we help optimize your resume then introduce you to

two of the best recruiters in the city. On average our graduates get a job within 9 weeks, with the Alpha school there is no job help at all, who knows how long it would take you to even get an interview, do you see what I mean?

Bill Jobs:

Yes, I know what you mean.

Sales Rep from Delta College:

You see the fear I have for you is that, I could call you in 12 months from now and you are still looking for a job. Imagine you’ve paid all that money for your course, you’ve studied hard, did what you have to do, but in the end you’re still out of work.

So, this is the plan with us, you study hard, you finish the course and get certified, then we help optimize your resume, then you go to see the recruiters that we organize for you.

Does that sound like what you want?

Bill Jobs:

Yes sounds good.

Part 2: Sales Style – What Works

Script or no Script

Many sales managers ask me if their sales reps should be using a script or not. This

question applies mainly to telephone only sales.

In my experience, when a sales rep is just starting out or really doesn’t know what they

are doing, it is better for them to use at least some scripts for parts of their conversations.

But this can only take them so far. Eventually they will need to master all the information in the script, master all the product knowledge. When they have done this they should

then just follow a pre-determined conversation structure.

Unless you are a top actor, scripts sound fake, and the customer will intuitively know this.

Unless, you can craft a truly natural sounding script, then I would stay away from them.

Also, scripts are really only for the beginning of conversations. If you feel more confident reading from a script the very first time you speak to a prospect then that is ok. Just make sure you practice it over and over, and make sure it sounds natural.

Your voice intonation is critical. Imagine Robert Di Nero or Meryl Streep delivering your

lines. You have to make the words come alive; you have to make them believable.

So this is what I recommend.

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If you are just starting out in sales and your sales manager wants you to use a script, you should take the script and memorise it. Then practice with a friend or family member over

and over until you master it. Basically if you have ever had acting training, it is exactly the same. You are learning your lines. But saying the words is not enough; you have to make

it believable, you have to make it come alive.

Scripts are good for the being of a conversation or to give answers to standard product

questions. Nothing else can be scripted, and certainly closing a sale can’t be scripted. This is why real sales can never be automated. (On the other hand customer service jobs can

and are being automated)

I haven’t used any scripts in 15 years. But I still have a conversation structure at the back of my mind when I’m in a long sales conversation. That’s over the phone or face to face. I am always directing the conversation.

Natural Business Conversation

The more you can make a conversation with a prospect natural sounding the better. There

is nothing that will turn off a person more than if they feel you are trying to sell to them.

They clearly will know you are a sales person, but that doesn’t mean you have to act like a stereotypical one.

The goal is to have a business conversation. It should be friendly, interesting and

informative.

I say business conversation, because it can’t quite be the same as talking to a friend.

Steer clear of controversial topics religion and politics (unless you already know where

they stand on those issues).

You should be a trusted advisor, a person they can rely on to tell them the way it is.

Avoid clichés and hyperbole they don’t work and you’ll lose

credibility

Don’t use sales clichés. They make you sound sleazy and people just turn off when you use

them.

There are still many sales books (generally books written pre 1990’s) that push these

clichés, don’t use them, they don’t work and make you look ridicules.

There are some cases where TV advertising campaigns use these clichés, but almost

always it is in an ironic or self-mocking format. For a TV marketing campaign it may be ok; it is not for sales people to follow this example.

Sales cliché examples:

But wait! There’s more!

Once in a life time

Never to be repeated

These are crossing over to the cliché category:

One-stop shop

Industry leader

Breakthrough

Groundbreaking

State-of-the-art

Cost-effective

Next-generation

Disruptive

Cutting-edge

Mission-critical

Leading-edge

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Turnkey

Best-of-breed

Outside the box

Game changer

Customer-centric

Break through the clutter

Always be on the look out for clichés. Whenever you feel yourself cringing at what you or

someone else is saying, it means those words have now crossed over to cliché; time to

start being creative again.

Cliché Questions

What keeps you up at night?

What question haven’t I asked?

Is price your only objection?

Effective questioning is all in the framing. What I have found highly effective is framing it with a current issue the company is facing, the more controversial the better. For

example:

Given yesterday’s article in the Wall Street Journal about your HR issues in Japan, how do you intend on further expanding into China with out facing the same problems?

Is much better than: How do you intend on expanding into China?

I read the Federal government is about to reduce the subsidies on Solar Energy, how will

this affect your budget for your IT integration?

Is much better than: What is your budget for the IT integration?

How do you think the ruling in your Supreme Court case will affect your expansion plans?

Is much better than: What are your expansion plans?

I saw your CEO on the late news last night; He’s very passionate about your new acne

drug. How are you planning the logistics for the anticipated demand spike?

Is much better than: Are you planning a review of your logistics?

The key is specificity; the more specific you are with the prospects situation the more they will listen and the more the questions and conversation will resonate with them.

Confidence and Certainty

Sounding confident is paramount. Notice I said “sounding confident”, not only “confident”.

When you are just starting out in sales or have just started a new sales job, quite often

you are not confident at all; actually you might be the exact opposite.

I can remember in a job interview for a fairly high level sales job, the sales manager told me my sales target was $100,000 per month, and asked if that will be a problem for me.

My answer of course was “Yes, No problem”. The reality was that I was thinking “That’s

seems a lot for this product, but if other people can do it, there is no reason why I can’t”.

All sales people at some stage lack confidence, or lose some confidence. The key is to not show this to the outside world. To a prospect never show a lack of confidence, or doubt

yourself publicly. People can loose faith in you instantly.

I’m not implying that you should never say you don’t know something. I say it quite often, but it’s how you say it that matters.

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People love to buy from confident people. I can think of many times, I have wanted to buy

something and the salesperson seemed really unsure of them self; this made me very

nervous about them, their company and their product.

Below is a conversation I had while trying to buy a plane ticket.

Me: I can change this flight with no extra fees right?

Sales person: Um, yeah I think so.

Me: You think so or you don’t know?

Sales person: Um well, I am reading through the terms and conditions and I can’t

see anything about it.

Me: Um, ok, let me think about it, I’ll talk to you later.

In this situation the salesperson clearly didn’t know the answer to my question. Instead of hesitating and seeming confused they should’ve just put me on hold and got a definitive

answer off their manager. They would have then given me the definitive answer and I

would have purchased my ticket there and then.

Reputation

You must always protect your reputation. You do this by always telling the truth.

If you start to get a bad name, eventually no one will trust you and you will be

unemployable in sales.

Losing your reputation doesn’t happen over night, it is usually over a longer period of time, where you have not been telling the truth. Basically if you lie to someone they won’t buy

from you again, and no one they know will buy from you. Eventually if you lie to enough

people, no one will want to deal with you at all. Unfortunately I’ve seen sales people look at short term gains while ignoring their longer term careers.

Telling the truth makes you feel good, and above all else it is the ethical and right thing to do, if you have to lie about your product than you should find another company to work

for.

Quite often I am in situations where clients ask me things that I know we can’t deliver. I never exaggerate; I know that it is kryptonite for our company and long term future. And

the amazing thing is that, many times, the client will come back to me days or weeks later and buy from us. Telling the truth is great for sales!

Regain Attention with difficult questions

As discussed earlier having an in-depth knowledge of your own product, your competitors’

product and your industry in general is a pre-requisite for sales success.

On top of that; if you feel your prospect isn’t paying full attention to you, it’s always good to ask them something that you think they don’t know.

You only need 2 or 3 of these questions ready. When the client is not paying attention or is generally not engaged in the conversation, asking them shocks them into a defensive

response.

So, have your 2 or 3 questions memorised, concentrate on some obscure study or some

obscure fact that could really affect their decision.

They will respond to your difficult question with something like:

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Um, well, no I didn’t know that

Or they will ask a question.

What do you mean?

So, how will that affect me?

In most cases they will re-engage with you, and you can drill down with your questioning.

Some examples in different industries are below:

So, how will you deal with Microsoft’s certification exam expiry policy?

So, what’s your plan for the Google Chrome Version 35.0.1916m upgrade?

Mesmerise with repetition – Close like the President

The way you structure your sentences has an incredible impact on your message. Sales

people can take many of the techniques of good oratory and incorporate them into their

day-to-day sales conversations. There have been mountains of books written on effective

speaking and speech writing, I suggest you do as much reading as possible on the subject,

it will only help you.

This book is all about practical steps sales people can take to improve, so here we’ll look at some of the most relevant techniques for sales people. One book that stood out for me

was “Say it like Obama and Win” by Shel Leanne. It focuses on his speeches leading up to

his win in the 2008 presidential election. His extraordinary speeches with a strong call to action were instrumental in his election win. He simply couldn’t have won the election

without them.

Yes, used in the right circumstances and with the right artfulness sales people too can

resonate and connect with prospects like a political pro. The first technique I have used for years is repetition.

At this stage, you should use YouTube to listen to and watch these speeches, a book can

only describe the feeling; you need to watch these speeches to fully appreciate them.

One of the most famous speeches of all time was by Martin Luther King, Jr. in 1963. Have

a read of part of this speech and see how he nicely uses “I have a dream”. His speech was

so powerful that it galvanised support for the cause and was a catalyst for change. The

phrase “I have a dream” basically is now owned by him and still to this day guides minority groups to action.

I have a dream that one day this nation will rise up and live out the true meaning of its creed: "We hold these truths to be self-evident, that all men are created

equal."

I have a dream that one day on the red hills of Georgia, the sons of former

slaves and the sons of former slave owners will be able to sit down together at the

table of brotherhood.

I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed

into an oasis of freedom and justice.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their

character.

I have a dream today!

I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of "interposition" and

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"nullification" -- one day right there in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers.

I have a dream today!

I have a dream that one day every valley shall be exalted, and every hill and

mountain shall be made low, the rough places will be made plain, and the crooked

places will be made straight; "and the glory of the Lord shall be revealed and all flesh shall see it together."

Do you want to know how to create urgency in a sale? First see how the President does it

at the Jefferson-Jackson Dinner 2007. He combines the use of repetition with the worst

case scenario visualisation perfectly.