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©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or
duplicated, or posted to a publicly accessible website, in whole or in part.
Addressing
Concernsand
Earning
Commitment
8
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Learning Objectives
Explain why it is important to anticipate
and overcome buyer concerns and
resistance.
Understand why prospects raise
objections.
Describe the five major types of sales
resistance.
L 1
L 2
L 3
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Learning Objectives
Explain how the LAARC method can be
used to overcome buyer resistance.
Describe the recommended approaches
for responding to buyer objections.
List and explain the earning commitment
techniques that secure commitment and
closing.
L 4
L 5
L 6
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Sales Resistance
Buyer’s objections to a
product or service during
a sales presentation.
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Reasons Why
Prospects Raise Objections
• The prospect wants to avoid the sales interview.
• The salesperson has failed to
prospect and qualify properly.
• Objecting is a matter of custom.
• The prospect resists change.
• The prospect fails to
recognize a need.
• Prospect lacks information.
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8
Summary of Reasons Why
Prospects Raise Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Major Categories of Objections
No Need
Product or Service Objection
Company Objection
Price is Too High
Time/Delaying
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Major Categories of Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Responding to Need Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8
Responding to
Product/Service Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8
Responding to
Company/Source Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Responding to Price Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Responding to Time Objections
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Handling Buyer Resistance
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Ethical Dilemma
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Other Methods for
Handling Buyer Resistance
• Forestall – Introduce the source of the objection before the prospect
brings it up.
• Direct Denial – A rather harsh response that the prospect is wrong.
• Indirect Denial – Softening the blow when
correcting a prospect’s information.
• Translation or Boomerang – Turn a
reason not to buy (the source of the objection)
into a reason to buy.
• Compensation – Counterbalance the
objection with an offsetting benefit.
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Other Methods for
Handling Buyer Resistance
• Question – Ask the buyer assessment questions to gain a better
understanding of the what they are objecting to.
• Third Party Reinforcement – Use the opinion or data from a third
party source to help overcome the objection and
reinforce the salesperson’s points.
• Feel-Felt-Found – Salesperson relates that
others actually found their initial opinions to be
unfounded.
• Coming-to-That – The salesperson tells the
buyer that he or she will be covering the
objection later in his or her presentation.
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Commitment
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Guidelines for Earning Commitment
• Look for Commitment Signals
– “That will get the job done”
– “I didn’t realize you delivered everyday.”
– “The price is lower than I thought
it would be.”
• Ask Trial Commitment Questions
– “What do you think about what
we’ve discussed?”
– “Do you see how this will help
your organization?”
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Guidelines for Earning Commitment
• Resolve “Red Light” Statements Made by
the Prospect
– “I’m not sure that will work."
– “The price is higher than I thought it would be.”
– “Your delivery schedule does not
work for us.”
– “I don’t see the advantage of
going with your proposal.”
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Techniques to Earn Commitment
Balance
Sheet
Summary
Commitment
Direct
Commitment
Success
Story
Legitimate
Choice
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Techniques to Earn Commitment
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Techniques to Avoid
©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
8Ethical Dilemma

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Sell 3 e chapter 08

  • 1. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Addressing Concernsand Earning Commitment 8
  • 2. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Learning Objectives Explain why it is important to anticipate and overcome buyer concerns and resistance. Understand why prospects raise objections. Describe the five major types of sales resistance. L 1 L 2 L 3
  • 3. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Learning Objectives Explain how the LAARC method can be used to overcome buyer resistance. Describe the recommended approaches for responding to buyer objections. List and explain the earning commitment techniques that secure commitment and closing. L 4 L 5 L 6
  • 4. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Sales Resistance Buyer’s objections to a product or service during a sales presentation.
  • 5. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Reasons Why Prospects Raise Objections • The prospect wants to avoid the sales interview. • The salesperson has failed to prospect and qualify properly. • Objecting is a matter of custom. • The prospect resists change. • The prospect fails to recognize a need. • Prospect lacks information.
  • 6. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8 Summary of Reasons Why Prospects Raise Objections
  • 7. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Major Categories of Objections No Need Product or Service Objection Company Objection Price is Too High Time/Delaying
  • 8. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Major Categories of Objections
  • 9. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Responding to Need Objections
  • 10. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8 Responding to Product/Service Objections
  • 11. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8 Responding to Company/Source Objections
  • 12. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Responding to Price Objections
  • 13. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Responding to Time Objections
  • 14. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Handling Buyer Resistance
  • 15. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Ethical Dilemma
  • 16. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Other Methods for Handling Buyer Resistance • Forestall – Introduce the source of the objection before the prospect brings it up. • Direct Denial – A rather harsh response that the prospect is wrong. • Indirect Denial – Softening the blow when correcting a prospect’s information. • Translation or Boomerang – Turn a reason not to buy (the source of the objection) into a reason to buy. • Compensation – Counterbalance the objection with an offsetting benefit.
  • 17. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Other Methods for Handling Buyer Resistance • Question – Ask the buyer assessment questions to gain a better understanding of the what they are objecting to. • Third Party Reinforcement – Use the opinion or data from a third party source to help overcome the objection and reinforce the salesperson’s points. • Feel-Felt-Found – Salesperson relates that others actually found their initial opinions to be unfounded. • Coming-to-That – The salesperson tells the buyer that he or she will be covering the objection later in his or her presentation.
  • 18. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Commitment
  • 19. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Guidelines for Earning Commitment • Look for Commitment Signals – “That will get the job done” – “I didn’t realize you delivered everyday.” – “The price is lower than I thought it would be.” • Ask Trial Commitment Questions – “What do you think about what we’ve discussed?” – “Do you see how this will help your organization?”
  • 20. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Guidelines for Earning Commitment • Resolve “Red Light” Statements Made by the Prospect – “I’m not sure that will work." – “The price is higher than I thought it would be.” – “Your delivery schedule does not work for us.” – “I don’t see the advantage of going with your proposal.”
  • 21. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Techniques to Earn Commitment Balance Sheet Summary Commitment Direct Commitment Success Story Legitimate Choice
  • 22. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Techniques to Earn Commitment
  • 23. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Techniques to Avoid
  • 24. ©2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8Ethical Dilemma