How to Overcome the Price/Budget Objection

A Five Step Process to Add Value and Never Compete on Price Again

For those who are in the selling profession, one of the first things learned is the art of overcoming sales objections. It is one of the toughest parts of the selling process to master, particularly during an economic slowdown. In this type of scenario, prospective clients may not be as inclined to make purchases as they previously were. However, with creativity, it’s possible to make potential clients understand the benefit of purchasing your product or service.

 

Enthusiasm Is Essential

Among the more important selling skills top professionals employ is product or service excitement in the presentation. It’s essential to have a sense of urgency attached to the offering. Carefully explain all the great features your particular service or product has to offer the client with enthusiasm. Incorporate ways to detail how the product makes their business more productive as opposed to simply explaining what it is.

 

Assume the Sale

When a sales individual has achieved rapport with a prospect, they should start assuming a sale. The client could have additional questions and these should be addressed immediately without hesitation. Quite frequently sales objections are simply just unanswered questions. Be prepared ahead of time for these questions and answer all inquiries in a highly positive manner.

 

Reasons for Objections

There can be many reasons why clients give objections to purchasing services or products. In order to understand which direction to pursue whenever handling an objection, it’s important to be aware of precisely why the objection occurred in the first place. Always agree with clients, they are making good points, but still emphasize how much your offering benefits them and will meet their needs. Many clients want to purchase but simply need reassurance that it’s the best decision to make.

 

Altering Your Presentation

When a sales individual isn’t successful in overcoming objections, and particular sales techniques don’t seem to work, it’s essential to recognize the problem could be attached to the sales presentation itself. Perhaps the presentation needs to be more concise or isn’t adequately explaining how the client will benefit from making a purchase. Additionally, incorporating a sense of urgency in the presentation might also be needed.

 

Success through Handling Objections

Handling objections will make a tremendous impact concerning success in the selling industry. The primary objective is to know your product and its capabilities for fulfilling customer needs. When clients make objections, add additional information and reasons to make a purchase today.

About admin

Doug Dvorak is a certified sales trainer, management consultant and corporate humorist. Doug holds a Bachelor of Arts degree in Business Administration and a Master of Business Administration in Marketing Management. But Doug’s sense of humor is no less refined, as he is a graduate of the Player’s Workshop of the Second City, one of the oldest and most prestigious improvisational comedy schools in the world.
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