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Objections

How to Overcome ANY Sales Objection From Brad Lea

duration
8 min
Average Score
77%

Brad Lea

Chairman & CEO of LightSpeed VT

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In the world of sales, objections are as common as the transactions themselves. But how effectively do sales professionals handle these objections? This session delves into the art of overcoming common sales objections, offering practical strategies for sales reps and account executives.

The Art of Handling Sales Objections

Identifying and Isolating Objections

The first step in overcoming an objection is to identify and isolate it, ensuring it's a genuine concern and not just a smokescreen. Many sales professionals make the mistake of trying to close an objection without confirming its validity, leading to inefficiency and potential loss of the sale.

Strategies for Overcoming Common Objections

The "Too Expensive" Objection

A common hurdle is the price objection. When a prospect says your product or service is too expensive, it often means you haven't adequately demonstrated the value. The focus should be on understanding the prospect's challenges and presenting your offering as a solution that justifies the cost.

The "Not a Good Time" Objection

Timing objections, such as "now is not a good time," usually indicate a failure in establishing the urgency of the decision-making process. A key strategy here is to understand the importance of solving the prospect's challenges and ensuring the timing aligns with their needs.

The "Talk to My Subordinate" Objection

When a higher-level executive directs you to a subordinate, it could mean the conversation isn't aligned with their interests. The goal is to keep the conversation strategic, focusing on broader topics like profitability and big-picture concerns.

The "Call Me Back Next Month" Objection

This objection is often a polite way of putting off the conversation. To handle this, you can ask direct questions to uncover the real reason behind this deferral. This approach can reveal genuine reasons for the delay or confirm a lack of interest.

The "We Don’t Have the Budget" Objection

Hearing "we don't have the budget" might mean you're speaking to someone without budget authority or that the prospect hasn't perceived enough value in your offering. Clarifying questions can help determine whether it's a genuine budget issue or a perceived value problem.

The "I’d Like to Think This Over" Objection

When a prospect wants to 'think it over,' it's crucial to understand their exact considerations. Encourage them to discuss any concerns or aspects they feel are missing from your proposition, helping you address these points directly.

The "I Need to Run This by Others" Objection

If a prospect unexpectedly needs to consult others, it indicates a gap in understanding their decision-making process. Ask about who else is involved in the decision and suggest including all relevant parties in future discussions.

Closing Deals: Beyond Objections

Once you've identified and isolated a real objection, it's time to handle it with logic, which involves leveraging the obvious gain of your product or service. Use intelligence and common sense to solve the problem, ensuring the solution aligns with the prospect's needs.

Using Hypothetical Solutions

A powerful tool in handling objections is to offer a hypothetical solution. This approach tests the validity of the objection and opens up avenues for negotiation and discussion, allowing you to address the prospect's concerns more effectively.

Employing Logic and Common Sense

Handling objections is not just about presenting facts; it's about using logic and common sense to demonstrate how your solution aligns with the prospect's needs. This involves understanding their challenges and presenting your offering as a solution that brings obvious gains.

Mastering the Sales Conversation

In conclusion, mastering sales objections requires a blend of strategy, empathy, and logical problem-solving. By effectively identifying, isolating, and handling objections, sales professionals can turn potential barriers into opportunities for closing deals. Watch this session to learn more about these techniques and enhance your sales skills, benefitting both your professional growth and customer relationships. Remember, the key to successful sales is not just about overcoming objections but about understanding and addressing the underlying needs of your prospects.

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