Handling Objections – Price is too high
Please do not immediately lower your price…when you get this objection an opportunity has been created for you to better understand the client’s perspective. An approach to learning about why you got…
Writing on prospecting, differentiation, objections, complex deals and closing.
Please do not immediately lower your price…when you get this objection an opportunity has been created for you to better understand the client’s perspective. An approach to learning about why you got…
Competitors can come in all shapes and sizes. Large opportunities you pursue may attract a variety of competitors and a larger number of them than you are used to seeing. Some ways…
The client is seeing value in your solution, maybe they have mentioned they “would like to partner”…but they have some reason they want to wait…so you feel like the deal is stuck.…
Most people in selling roles have wrestled with this question. One approach does not fit all situations. Some ideas that can help you decide how to proceed… Key Factors There are many…
Key contacts at your prospects/clients are naturally changing their mindset toward friends and family as we approach the holidays. What happens? These contacts can become more open and friendly Your competition may…
Clients push for pricing because that is their basis of comparison. Have you presented pricing too early and regretted it? Here is a process that will help best position what you are…
Most of the time (maybe not in all cases) you do NOT want to completely stop your pursuit and try to reconnect with the customer closer to their decision timeframe...this approach will…
What does it really mean when you hear this objection? Customer does not have time to talk? You may not have prepared well enough for the call by doing homework or getting…
How many meetings with customers have you left where there was no agreement on the next call or meeting date? How often after meetings are you saying “I wish I had asked…
If selling is new and/or uncomfortable for you, immediately hiring a sales rep may not be the right move for your company. Many CEOs/Founders of small companies have hired sales reps that…
Sometimes client contacts are reluctant to help. Before you write them off as a gatekeeper, consider that there are varying ways in which client contacts may be comfortable helping. How to start…
Assuming you have sales goals you are focused on, it is easy to find yourself racing to the next opportunity once a deal is closed. The shortest path to new business is…
I wish there were quick and easy answers on this topic. Suggestions you might find on the internet to, for example, offer a time limit on special pricing (and other similar tactics)…
Why is having a pipeline to track opportunities important? You are likely juggling priorities, making selling one of many responsibilities. This could help make the most of the time you invest in…
It is relatively easy to start a “pilot” with a prospective client…particularly if it is at no charge. The common challenge…how to get the client to start paying. Some thoughts on how…
I wish there were quick and easy answers on this topic. Suggestions you might find on the internet to, for example, offer a time limit on special pricing (and other similar tactics)…
What opportunities almost closed in the past 1 – 2 years? Excited to try again? Business you lost can be a good source of potential opportunities. Listen and learn before you proceed...…
Please do not immediately lower your price…when you get this objection an opportunity has been created for you to better understand the client’s perspective. An approach to learning about why you got…
Does the following sound familiar regarding a potential client… Got the first meeting Had good conversation Time flies by during the conversation End of the meeting arrives and the client has to…
If you are new to selling, how to start a conversation with a new client contact can be uncomfortable. Many in this situation will tend to start talking about what they offer…
When you are contacting prospective customers or partners, your goal is…of course, to find those that are interested in the solutions you offer. Customers get tons of calls, emails, notes on social…
I recently worked with Prepare 4 VC to share some ideas with their community on this topic. Here is an overview and the video...READ BELOW and WATCH! Overview You provided a demo…
Clients will frequently want to know about pricing as early as possible. How you present your pricing can directly impact the rest of the conversation with the client. How to eliminate getting…
Have you been grinding away at trying to grow your pipeline? Taking a look at where you are trying to find opportunities can sometimes give your effort a boost. Is most of…
Qualifying a new potential client can be challenging. Consider they may not know or trust you...yet. Using a summary of solutions you offer to support a conversation, can be a great way…
While you surely focus most of your time on your clients and partners, helping others without expecting something in return can be highly valuable. Ted Pizzo, Senior Vice President – Lockton Companies…
During a normal year people are on vacation for some portion of the summer, including your competition. This year, as you would expect, may have more people looking to take a break.…
Selling can be hard work. Sales cycles to organizations small and large can take months. In order to energize your pursuit of the “next deal(s)”, taking some time to celebrate your accomplishment…
You have made progress in the customer seeing value in your solution, maybe they have mentioned they “would like to partner”…but they have some reason they want to wait…so you feel like…
Particularly if you are pursuing opportunities that involve multiple contacts at your client, it will be critical to pay attention to company culture. In talking with Al Curnow – Vice President, High…
We all have lost deals. Some were a surprise (some not). It happens even when you have done a great job planning, paying attention to detail and delivered a well-structured proposal. You…
Managing distractions is not easy whether you are trying to get more comfortable selling or a veteran. If selling is not your favorite thing to do, it is even tougher. You likely…
Have you recently started a new sales role or is your pipeline of opportunities not large enough? Finding new opportunities (and growing your pipeline) may be easier than you think. How do…
I used to think endlessly grinding was how I should approach looking for new business. It took me a while to realize that the inevitable fatigue was not yielding the desired results.…
Have you ever “winged” a presentation? I know I have in the past…generally, I did not like the results. If you pursued being an athlete, musician or other endeavors, I imagine you…
Particularly if you are new to selling, asking for an order or to close a deal can generate some anxiety. If you have participated in athletic or other competitions, you have heard…
This is a common topic…my 7/23/2021 email focused on reflecting on your preparation. I thought some ideas on how you might move forward would help… Do not take it personally Move on…it…
People are naturally resistant to change. Customers become comfortable/complacent with current solutions even if there are deficiencies. How might you address this challenge? Identify why there is reluctance to change Customers want…
What do you want to accomplish in 2021? We all have many distractions…so here is the challenging part…establishing and staying focused on the goals. Why have goals? Ever feel like your selling…
We all face many challenges in our selling effort. Some issues you cannot control (e.g. supplier, technology, weather). However, you can control how you communicate with your clients. What is the best…
You are one person with “X” amount of time…where do you focus your selling effort? Deciding between smaller opportunities that have shorter sales cycles and larger opportunities that take longer to close…
Since face-to-face meetings are still rare, communicating the value you provide has become increasingly difficult. This applies whether you are in a sales role currently approaching customers or interviewing with a prospective…
Large accounts are worth pursuing many times because of the potential payoff. Making progress in large accounts requires patience, thoughtful planning, and persistence. After you start doing business with large customers, it…
We all wish this would happen quickly. However, many times the customer perceives risk in change. Some thoughts on how to make the decision to change more comfortable for the customer… Understand…
In my 4/8/2021 blog post I shared some thoughts about pursuing opportunities when competitors might be ahead of you. Ok…let’s assume you have decided to move ahead while you know you need…
So you are pursuing an opportunity and find out that competitors are ahead of you or more entrenched than you currently are. Should you bail or continue to move forward? When to…
Sometimes executives at client organizations are elusive. They filter who they choose to spend time with. The question for you is…who can help you connect and how do you manage that relationship?…
How you prepare is a HUGE factor…watch this 53 second video for more! Feel free to contact me directly for ideas and/or help on this or other topics! Sign up as a…
You know you will get them…how to address them? You can either hope you do not get them or take a proactive approach. Likely you will be more comfortable if you are…
How do you know if you are on a good track toward closing a deal or at least gathering the necessary information? One approach is to start with a clear understanding of…
How you can learn a ton from co-workers and drive more business!
In my 1/14 post I shared some thoughts about what is fair/not fair to assume about college students who are interviewing. A common concern I hear from college students is “I do…
How to get your customers to start thinking of you as a partner instead of a vendor.
Do you have many competitors? How are you approaching trying to stand out? Some ideas for you in this 49 second video…
The sudden shift to work-at-home might have made it easier to reach important contacts for a few months. However, companies are figuring out how to have calls screened despite working at home.…
I have recently worked with many college student helping them prepare for interviews and getting off to a good start in new sales roles. They are all bright, hard working and overall…
Onboarding new sales reps can be challenging, particularly if you are either in a small organization or have many other priorities to juggle. In my first sales role I was sent to…
How many meetings with customers have you left where there was no agreement on the next call or meeting date? How often after meetings are you saying “I wish I had asked…
We all have been there…spent a ton of time on an RFP and got “nothing”. If you look back at some of the RFPs you have responded to, did you feel like…
It has been a tough year for many. I realize this may seem very basic…there is so much going on, however, this relatively small (yet important) task can easily get lost or…
When you are contacting prospective customers, your goal is…of course, to find those that are interested in the solutions you offer. Customers get tons of calls, emails, notes on social media…and ignore…
Customers are busy, have lots of distractions and certainly do not read many emails. They scan…so…when you send a cover note your objectives should include: Keeping the note to “one screen” Making…
Think about how often you use social media to see what other people have said about home exercise equipment you are checking out, curbside take-out at a local restaurant or organizations that…
Have you transitioned from working on $5,000 deals to $250,000 deals…or some similar dramatic increase? Early in my career, I went thru this transition and got some great advice from a VP…
Building a working relationship with a new customer is challenging. Sending an effective “Thank you” note can help differentiate you from your competition and keep a customer conversation on track. Here are…
What does it really mean when you hear this objection? Customer is focused on other priorities…OR… You did not prepare well enough for the call You did not differentiate yourself in the…
I imagine you have heard from a coach, professor or a manager there are two things you can control…your effort and attitude. Whether you are in a selling role or not, you…
Chief Financial Officers frequently play an important role in decisions customers make. Whether they are actively or passively engaged, you should assume they are involved. Have you ever thought a deal was…
The challenges that selling presents can generate anxiety. The next question is…how do you deal with it. Do you face it head on, viewing it as a challenge, or do you find…
Customers are trying to finish 2020 in the best shape possible and are planning for 2021. They are likely working on 2 nd drafts of plans for 2021 and are beginning to…
How easily can you/your company answer the following questions: How are your leads qualified? How are your leads tracked? This is challenging particularly in smaller organizations. Here is a story from a…
Most reps have wrestled with this question. One approach does not fit all situations. Some ideas that can help you decide how to proceed… Key Factors There are many to consider…here are…
The first question in your mind should be “what do I need to learn” and/or “what am I missing”. This, many times, will reveal what you need to find out about key…
Sometimes ideas for new opportunities to pursue are easier to identify than you might think… How to identify new opportunities quickly and get an action plan in place Contact someone who can…
A former co-worker of mine at Hewlett Packard Enterprise has a great way of thinking about the process of building trust with customers. Progressing from a first meeting to a customer buying…
Consider how much disruption you have been dealing with over the past several months. Your customers are doing the same. Customers have less time to consider options much less make decisions. They…
Differentiating your “selling effort” whether you are a salesperson, marketing/operations/engineering professional or interviewing can come down to one concept…respecting the time of every person you encounter in your “target” organization. This includes…
Since most presentations are virtual for the time being, it is harder than it used to be to share your passion and energy during a presentation. We spend a ton of time…
You, as the Sales Rep, are the face of your company to the customer. Part of our jobs as Reps is to engage your Senior Management with your customers executives. This might…
I have had the good fortune of reporting to some great Sales Managers. Hopefully you are reporting to one you like right now. If you do, you might realize that you are…
I have posted my sales related goals fairly consistently. When I did not, I felt my efforts “lacked focus or direction”. In a recent inspiring conversation with Scott Weiss , Life Strategist…
Time is on your side…while this is a good Rolling Stones tune, it may also be true that, due to the restrictions we are living with, you have some extra time to…
If you are considering changing sales roles and/or going into a sales role…read on…some insight that will help you prepare. Ken McGovern , President of KMR Executive Search, has many years of…
If you were to segment your business, what percentages would follow key characteristics such as: Number of companies Company size Spend with your company Geographic location Industry Specific solution your company offers…
Customers, as you may know, have “buying seasons” where they are focused on bringing in solutions they view as critical to their business. Understanding when your customers’ buying seasons take place and…
If you have cooked for other people and/or have been a server in a restaurant you may have a good start on the skills required to be a good salesperson. Ask your…
Since face to face meetings are rare due to concerns regarding the coronavirus, communicating the value you provide has become increasingly difficult. This applies whether you are in a sales role currently…
You likely had an approach to preparing for presentations that worked…until about late February. Creating a new process or adjusting your current process is likely necessary in order to maximize results with…
Selling already requires preparation, creativity, patience and persistence. Considering business is harder to find and sales cycles have become longer, your willingness to “keep at it” while being sensitive to customers’ challenges…
Looking back on my first job as a salesperson for NCR Business Forms starting in 1982, I realized I learned a lot from the first few months and years. While some of…
I am still hearing frequently it is considered “tone deaf” to try to drive a sales opportunity forward with many customers. Consistent with this theme, Avi Smith-Rappaport, President of We Care Computers…
Why is it usually hard to schedule your executives to connect with your customers? In addition to having a lot of demands on their time, they were travelling! Since that is not…
Since access to your customers is more difficult, getting feedback on how deals are progressing is more challenging as a result. My March 31, 2020 post was focused on how to have…
Depending on how your company is addressing challenges with sales reps’ performance due to the restrictions, communication with your manager may be more critical than ever. Thinking ahead and proactively communicating with…
How is the use of video conferencing impacting how your presentations are going? Are the same slide presentations and proposal documents working well? When we were all presenting in person, we could…
Before we all had to start working from home we had a lot of options for managing existing customer relationships. Maybe you had easy access to key customer contacts and could have…
It is relatively early in the fiscal year for most companies. If your year did not start as you hoped and/or was derailed by the coronavirus situation, now is a good time…
The current coronavirus situation is, of course, creating enormous challenges for many businesses. Challenges of this magnitude will turn the customer’s attention internally. They are less likely to “make a change” in…
How many presentations have you done in the past few months? What kind of grade would you give yourself on how they went? I know sometimes I have looked back after presentations…
In my post on 3/4/2020 the focus was on differentiating yourself in the interview process by doing homework on the company and contacts…becoming an expert. Let’s assume you have done the homework…
Whether selling is something you are comfortable with or not, a critical part of the interviewing process is understanding the competitive landscape. Here are some questions to consider: How many other candidates…
Managing communication internally with your team and externally with the customer can be the difference between winning and losing a large/complex deal! Why does communication need to be managed? When you are…
Over the past week or so I have covered three important components of a sales pursuit strategy: 2/14/2020 Key contacts and their roles 2/18/2020 Mapping the customer’s decision process 2/21/2020 Customer decision…
Over the past week I have covered two important components of a sales pursuit strategy: 2/14/2020 Key contacts and their roles 2/18/2020 Mapping the customer’s decision process This article focuses on identifying…
In my 2/14/2020 post you have an outline of roles key customer contacts can play and how they may evaluate solutions they are considering. The next step is to clearly understand the…
It would be great if most deals we pursue were straightforward where it was obvious how decisions would be made. However, if the sales cycle on solutions you sell are several months…
One of the common traits in top athletes is that they are curious…always trying to learn, trying to improve. Whether you are a highly successful veteran sales representative or new to a…
How are your wins (and value for your customers) being promoted in your customers’ organizations? Are they promoted at all? I have had periods of time where I have been focused on…
On Thursday January 30, I had the privilege of speaking with UCONN business students taking a course called Sales Management & Leadership with Assistant Professor Bill Ryan. This course is part of…
Have you recently started a new sales role or is your pipeline of opportunities not large enough? Finding new opportunities (and growing your pipeline) may be easier than you think. How do…
In many sales roles there is a lot of focus on volume of calls when prospecting. However, without enough preparation, your time and effort can be wasted. Investing time into preparation should…
Early in my career I was solely focused on closing business. You could say I was a “bull in a china shop.” Fortunately, I had some great mentors and co-workers that showed…
When an email hits your inbox or a customer calls interested in your company’s services, responding quickly is surely a priority. However, giving into the urge to respond too frequently without sufficient…
Let’s say you are a sales representative for a technology company trying to call on IT Directors. How many of your competitors are doing the same thing? The following is a small…
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Subscriber-only notes on prospecting, handling objections and closing.