Handling Objections – Part 2
The dynamics of sales are ever evolving but the objections remain the same. With changing times and funny vocabulary, they may sound different, but they are not. Now that we understand how objections are a part of the Sales Process, and love them or hate them they are not going anywhere, so let’s learn how to handle them.
Let us now dive into uncovering some common sales objections and how to handle them.
1. “I don’t have time to talk.”
Suggestion: “Sure, I understand. So, before we schedule another time to talk, could you give me some information about your objectives and requirements?”
2.“I’m not interested.”
Suggestion: “I’m responding to your initial interest from our website. Could you please help me to understand what drove you to download some information?” OR
“Let’s say that we had a product that just fits your needs. What would be the process for consideration?”
3. “I don’t have any need at this time.”
Suggestion: “You must have a great current solution in place. What is it and how is it working for you? What’s one thing that could make it better?”
4. “We’re just looking.”
Suggestion: “Great! What prompted your interest? Tell me something about it. Could you also tell me about your business and types of projects you are currently working on?”
5. “We are already using your competitor products.”
Suggestion: “I’d like the opportunity to earn the right to some share of your business. What are some of the things that would enhance your current situation?”
6. “Send me some information.”
Suggestion: “Glad to. Mind if I ask a couple of questions to zero in on your needs and what to send?”
7. “Your price is high.”
Suggestion: “What are you comparing us to? I want to be sure you are comparing apple to apple. Can you please also help me understand why you feel we are priced high?”
8. “We don’t have the budget.”
Suggestion: “How does your budget process work?”
Some Retailer Objections:
- Overstocked
- Your product does not move/not in demand
- Let the demand come first
- Past service bad
- Pending claims
- Terms & conditions do not suit
- No space
- Already carrying too many brands
- Credibility gap:
- company
- distributor
- salesperson
All the objections you will ever receive will come from five major categories: need, relationship, authority, product/service, and price. Once you are able to identify these categories and learn specific rebuttals, you will be more confident when you hear them. Be ready to listen to what the customer is really telling you by way of objections, and respond effectively and immediately.
I would love to know about the objections you face and how you deal with them, and which one of these tricks are you going to use when you encounter your next sales objection.
In the next blog we will dive into something even more interesting and impactful that will further change the course of how you sell.
Ashish Mathur
Sales Coach & Speaker
I help product based businesses fill their sales process leaks to create a flawless, result driven sales process. I also train sales professionals on mastering their sales skills and become sales superstars.