Friday, September 26, 2008

Know Your Product/ Service

Business.

11 rules for selling to a skeptic - know your product/ service. You should know its strengths, and any proprietary, weaknesses features. Know it inside and out, backwards and forwards.


Also understand the factors that influence its supply and demand. - there should be nothing that anyone can tell you about what you solicit. All of these will strengthen your presentation and help the skeptic make a more informed purchasing decision. You will definitely be asked questions, so be prepared to demonstrate all aspects of your product/ service in response. Along with knowing your product comes knowing your prospect. Know your prospect. Strive to know all you can about your target demographic and potential clients.


You should know their purchasing habits, what motivation determines their choice, and how long a buying decision takes. - make sure you deal with the decision maker. You must understand how your product fits into their overall purchasing strategy. Put yourself in the most favorable position to get a" yes" by focusing on what most concerns your prospect. When you know the buying habits of your prospect, you can use it to develop a longer - term sales plan - that means repeat business. Believe in your own words.


Your lack of enthusiasm will be an obvious as you attempt to convince your potential buyer. - you will never be effective selling something you do not believe in, particularly to someone who is already skeptical. When you emanate passion and confidence, you break down the wall of doubt the cynic has built. Be transparent. To not be a pillar of strength during your presentation is a sure - fire ticket to an abrupt" no. " If you are lucky enough to sell a product you do not believe in, you still lose because you risk killing referral business and losing the trust of your customer. Too often, we give strong pitches with lots of hype and little information. The idea that if you divulge too much information, you could dissuade your prospect is a far too common falsehood.


We will say, "If you want these benefits, buy my product. " This is done with the hope that a prospect' s curiosity about your bold claims will be enough to convince them to purchase. - be prepared to give as much information as needed to convince the potential buyer to make a purchase. Things people do not understand will always be greeted with" no. " The more information available when making a purchasing decision, the more likely they are to say" yes. " Another benefit of being transparent is the more resources you divulge free of charge, the more likely you are to generate interest in your product/ service. Transparency builds trust. Gain trust by associating yourself with things they respect. Secure associations along these lines and look to align yourself with trusted agencies through strategic partnerships.


By offering endorsements and testimonials, especially from well - known sources that your target market respects, you strike the chord of" trust. " Many a skeptic has purchased based on the recommendations of individuals they respect. - major endorsements mean less resistance and lots of sales. The structure of your offer can play a key role in building trust and enticing your prospect to buy. Offer a free trial, bargain, incentive, or guarantee. There are many variations of each, but incentives and guarantees are great ways to gain your potential buyer' s confidence. Incentives and discounts are also valuable tactics as they make the cynic feel they are getting a value.


Guarantees and free trails allow the skeptic to try the product/ service before determining if your offer is a good fit. - people always love the feeling of getting something for free and buying when it is a low/ no - risk transaction. You also communicate an important message that you are confident in what you sell. By guaranteeing the quality of your product/ service, you disarm the skeptic and encourage them to buy. Compare and differentiate yourself from your competitors. Is it commodity based, where the low price bidder wins? Know the nature of your business.


Is the strength of your brand a factor? - you must understand your competitors and their advantages and disadvantages. Is there something unique about your offer? Once you have both the knowledge of your competitors and an understanding of the skeptic' s needs, you can choose the most effective marketing angle. If possible, demonstrate the differences that make your product/ service unique or superior. We offer such phrases as: "The lowest cost" ...you play to the desire for value. "The official" ...you validate for authenticity. "The best" ...you show superiority. "The only" ...you offer exclusivity. Sell the relationship, not the product.


Relationships are more valuable to both you and the prospect than a one - time transaction. - contrary to popular belief, the best salespeople not only close deals, they foster relationships. For the salesperson, relationships bring repeat business and the ability to cross - market your offerings. For the skeptic, relationships help build trust. Increased referrals because you gain access to the prospect' s network base, and the ability to charge a premium because of the higher perceived value of your relationship. These bonds let them know they will not be abandoned after the transaction is finished.


Focus on benefits offered and value delivered. - ultimately, they are buying a relationship with you and your firm, not the product/ service, so approach selling that way. Self - interest is the skeptic' s primary concern, so focus on how your product/ service solves their problem, or satisfies their, fulfills their need desire. If your product satisfies a desire, focus on how it fills an emotional void. If your prospect is solely bottom - line focused, your presentation should be centered on how your product or service will make or save them money. Emotional selling differs from bottom - line selling because it focuses on feelings rather than metrics. Anything else will make a skeptic lose interest and you lose the sale. 1Isolate their objection.


Remember to focus on the benefits that concern your potential buyer. - in life and business, two of the greatest challenges are making intelligent decisions and properly following through on them. To do so, ask two types of questions: those to better understand your potential buyer and his/ her needs, and questions designed to lead your prospect to buy. One of your fundamental goals as a salesperson is to help people make informed decisions. A series of well - placed questions will allow you to isolate any objections. Any other question should be crafted in a way that allows for only one reasonable answer, and that answer should compel your prospect to agree with you. 1Don' t seem desperate!


You should brainstorm every possible reason a skeptic will not buy from you and comprise an effective solution or rebuttal for each. - your emotional state will be apparent to a skeptic. Everyone avoids a hard - pressed individual. Never appear as though you" need" a sale. Often we are conditioned to give to and buy from those who do not need our money. Therefore, it is imperative that you operate from a mindset of abundance. It is the same principle that makes us more likely give a rich man fifty - cents to make phone call because he has no change, than to a homeless man in need who makes the same request.


Understand there is always a bigger sale out there, so you need not be pressed for this one. - once internalized, these 11 points will mesh into an effective sales strategy. Your confidence will put the cynic at ease and make them more likely to buy from you. You will begin to think of them not as individual points to be mastered, but one comprehensive selling technique. Master them and win! They are designed to compliment each other and give you a thorough footing for selling to those who are naturally doubtful about you and your service.

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