December 14, 2010 ( PowerHomeBiz.com )
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Salespeople love to complain about buyers. One of the complaints salespeople
share the most is that buyers never seem to make up their mind. Just about
the time it looks like they're going to make a buying decision, they
suddenly hold off.
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Yes, there are times when a buyer legitimately can't make
a decision. Many times, though, the delay is nothing more
than a tactic on the part of the buyer to get a better deal.
This is especially true of professional buyers, who see
numerous salespeople on a regular basis. Why should anyone
make a decision quickly if they don't have to? More often
than not, the buyers believe that by waiting, they will get
a better deal. The salesperson will get scared and will
think the only way to secure the sale is to offer a
discount. Buyers believe this because experience has shown
them that it works!
Salespeople by nature are scared. Don't take offense to my observation,
because I include myself in this profession as well. We, unfortunately, can
view things too quickly in a negative manner. For most salespeople, the way
out of a situation like this is to immediately offer the buyer a price
reduction. This is exactly what the buyer wants! They are looking for the
salesperson to show some fear and some sense that the sale may not happen at
all. Once the buyer smells fear, they know a better deal is about to appear.
This is also a key reason why many professional buyers love to ignore
phone calls, emails and all other forms of communication from salespeople.
Nothing can make a salesperson more scared than a buyer who doesn't
communicate with them. If you're a buyer, it's hard to find any activities
that can result in a higher return on investment than ignoring a salesperson
or holding off on making a decision. These tactics usually result in saving
money.
Now let's look at this challenge from a salesperson's perspective.
Salespeople love to close sales and they also love to close sales quickly,
preferably with as little effort as possible. But effort - particularly
mental effort - can make the difference. This is the ability to understand
and rationalize objectively what is happening and what is not happening.
This means understanding why the buyer does need to buy from you and how
what you're selling will allow them to achieve their needs and objectives.
The more you can build this kind of objective thinking into your attitude,
the better equipped you are to keep negativity at bay. Negative thinking is
the culprit that takes the biggest toll on a salesperson's level of success.
As soon as the salesperson begins viewing the situation negatively and
how the sale may not occur, it's only natural for them to think the solution
is to lower the price or offer something extra in the form of service. When
the salesperson does this, two things happen. First, it confirms in the
buyer's mind why the smart thing to do is to slow down the decision-making
process. Second, it destroys profit margin for the salesperson.
While there are several techniques to counter these outcomes, there
really is only one that is foundationally most important - the confidence of
the salesperson. If the salesperson is not confident, then every other
tactic or strategy is useless and will have little effect. Everything starts
with the salesperson.
Confidence begins with the total belief in your own skill set as a
salesperson and total belief in your ability to help the buyer fill the
needs they have. If you don't believe in both of these, then there is
nothing else you can do to prevent the buyer from taking advantage of you by
delaying their decision. Buyers, especially professional buyers, can discern
very quickly how confident a salesperson is. If they sense the salesperson
is not confident, then they'll delay their decision. They have nothing to
lose and everything to gain by doing so.
On the other hand, if you as the salesperson are determined to regularly
and intentionally strengthen your own resolve and your own confidence, your
natural reaction to stalling buyers will not be to cave under the pressure.
Your reflex will be to wholeheartedly believe in your product, your price
and your potential to help the customer achieve their goals.
Are you going to let fear or confidence determine your future? The choice
is yours, so choose wisely. And profitably.
Mark Hunter, "The Sales Hunter," helps individuals and companies
identify better prospects, close more sales and profitably build more
long-term customer relationships. Since 1998, he has consulted nationally
and internationally with thousands of salespeople and global companies. You
can follow his Sales Motivation Blog at
www.TheSalesHunter.com . You can also connect with him on Facebook
www.facebook.com/TheSalesHunter , Twitter
www.twitter.com/thesaleshunter , and Linkedin
www.linkedin.com/in/markhunter .