Handling objection

objection Handling

1. Objection Handling - Aditi Singh

2. Objectives At the end of the workshop, you will be able to: D efine Objections Identify and appreciate the reasons for objections Understand the steps of objection handling M ake use of tools to handle objections

3. What is an objection? Sales objections  can be defined as statements or questions raised by the prospect which can indicate an unwillingness to buy. The   objections of customers include  objections  to prices, products, services, the company, time, or competition

4. Common Objections May simply be lack of knowledge:  “We don’t need a this solution .” May be a specific, warranted concern:  “Your price is higher than everyone else.” May represent a hidden agenda: The customer has a preference or incentive to use a different product but doesn’t say that outright. May be a perception issue: “The product isn’t secure.” We may not be clear about their interests:  “That’s not a priority for me this year.”

5. The Five-Step process of Objection Handling

6. Step One ( Two Parts ) First , hear them out - completely. Don't interrupt! Put in a softening statement before you answer, for example: "I complete understand how you feel." " Some of my best clients felt that way also." " I completely understand how you feel, this is a big decision, and right now I'm sure it makes sense for you to think about this."

7. Step Two: Probe and Isolate the Real Objection First you must probe (ask relevant question) and isolate the objection to make sure it's the REAL objection. Example: "The Price is Too High" "I understand ( repeat the lines of the prospect ), and let me ask you a question: Assuming that the price of this weren't an issue (or fit within your budget), is this the solution you feel is right for you today?" Or, "is this something you would go ahead and order today?"

8. Step Three Answer the Objection : ( using a scripted response!) It may be a good idea to use a scripted response once you understand what the objection is.

9. Step Four Confirm Your Answer: It is extremely important that we confirm if the solution offered is acceptable. Very often, when answering objections we don't confirm the answers - in other words, t just keep talking! And talking past the close. The Top 20 % sales persons understand the danger of talking past the close (like introducing new objections), and instead, after they have used their scripted response, they confirm their answer. Use any one of the following : " Does that answer that for you ?“ "Does that make sense ?“ "Have I satisfied that for you?"

10. Step Five Ask For the Deal! This might sound obvious, but you'd be amazed by how many (like 80% or more) closers don't ask for the deal. Scripts assure that you do! And after you do ask for the order, Shut up and Listen!

11. Popular Objection Handling Techniques

12. Boomerang method Technique When people object, turn them around by using what they say to prove that they are wrong. Use their own arguments like a boomerang, so they go around in a circle and come back to persuade them. Examples Yes, it is expensive, but I don't think you would want to buy your wife a cheap present. Indeed, the house does need work, but as you said, you are very good at Do-It-Yourself work. Certainly, if you do not have the money today then we can arrange it all for tomorrow

13. Objection Chunking Technique You can take more higher, more general viewpoint or a more detailed focus. Chunking up   is to see more and understand the big picture. When you chunk up, specific issues seem small and insignificant. You can expand the pie, showing them how they are getting not only the basic product, but other things as well. You can add widgets and warranties. You can add emotions like the added peace of mind they will have from your product. Examples Let's look at the big picture. What do you really want achieve by using this? That's interesting. Tell me more about that... How does your CEO think about this? Let's get one of your engineers to consider the situation.

14. Deflection Technique Listen to it. Show understanding of the concerns. Then carry on as if nothing had happened. Say that you will come back to it later. Maybe you won't have to. Give an excuse, such as not having information or having to talk to somebody else later. Examples Yes, I see what you mean... mmm ...Now let me show you the range of finishes you can have... Good point. Can I come back to that later?...thanks...Now what I was saying was... Yes, I've got some information about that back at the office somewhere. Can we carry on now? ... How it works By accepting their objection you are accepting them as a person, and the additional  harmony and rapport created may be enough to overcome the objection. Refusing to answer their objections now may also be a power play, where you are demonstrating  authority and control over the situation. If you can get away with it, they may cede more power to you.

15. Feel, felt, found Technique First empathize with them, telling them that you understand how they  feel . Then tell them about somebody who  felt  the same way. Then tell them how that other person  found  that things were not so bad and that when they did what you want the buyer to do they found that it was actually a very good thing to do. Examples I understand you feel about that. Many others have felt the same way. And what they have found is that.... I know how you feel that it looks rough. I had a person in here yesterday who felt the same when they first looked at it. But when they tried it on they found that it was so comfortable. How it works By empathizing with how they feel, you are building harmony  with them to create rapport. When you talk about how somebody else felt, you move the focus to a more   objective  place which they are likely to trust more. This also makes them a part of a group such that they do not feel alone.

16. For complete presentation or further query please contact: Aditi Singh [email protected] Contact