Mastering Responses to Frequent Sales Objections
Ever felt caught off guard during a sales call when someone objected to your offer? It’s natural to wonder why anyone would pass up on what you believe is the best offer out there. Relax, this happens to everyone. Objections in sales are a common hurdle that can make us doubt our product or service. But guess what? Objections can actually be beneficial (we’ll explain why shortly).
In this guide, we’ll turn you into an objections-handling pro. Ready to dive in and sharpen your skills?
Main Points to Remember:
Customers object for various reasons, and understanding these can help you overcome objections and close sales. Objections generally fall into five main categories, each requiring its own approach and strategy. Think of objections as symptoms of small problems that, if addressed, can prevent bigger issues down the line. They offer insights into how you can improve or better position your offer.
It’s important to listen actively and put your ego aside. Remember, sales are like taking swings in baseball—you’ll always get another chance. Each objection is a chance to learn and improve, and over time, you can minimize most objections before they arise.
However, objections will still come. So, let’s explore how to handle them effectively.
Before jumping into specific objections, note that not everyone should or will buy from you. If your offer isn’t a good match, it’s okay to pivot to a follow-up. Now, let’s tackle the top objections commonly faced in sales:
Price Objection
If a prospect objects to the price, it’s likely because you didn’t effectively demonstrate the value. Shift the conversation from cost to the return on investment. Ask questions that help lay out the benefits and value of your offer, making the price secondary.
Decision-Maker Objection
If someone says they need to talk to their team first, dig deeper with questions to uncover the real reasons behind this. You may need to arrange a call with the entire team.
Vendor Objection
If a prospect is working with another vendor but seems unsatisfied, ask questions to identify their pain points and showcase what makes your offering better.
Time Objection
If a prospect claims they’re too busy, they might not see the importance of your offer. Discuss the urgency and value, helping them understand why now is the right time.
Remember, objections are opportunities. They help you improve your sales technique and fine-tune your offering. Stay curious, don’t get defensive, and always learn from the objections you encounter. By understanding the reasons behind objections, you can turn them into valuable insights for continuous improvement.