Transcend the Condition! Selling Well Despite the Economy
I have never been an "excuses" kind of guy, nor have I accepted them in my several years of ultra-successful sales management.
Excuses are like objections; you must acknowledge them, respectfully analyze and put them in their place with reason and logic, and move forward in your agenda.
The economy takes a lot of flak these days for being the reason sales can be a difficult occupation. Difficult, maybe, but never impossible.
Transcend the Condition
The trick to selling in any condition (in this case, the economy) is first discerning how your product or service, tangible or intangible, transcends that condition. First, the condition will not last forever; nothing does. Whether the country is on the road to economic recovery or not (depending on what political pundits you are tuning into these days) your product, service or offering must have value that speaks to a potential buyer regardless of circumstance.
Case in point: people will always need vehicles, vacuum cleaners, advertising, utensils, pharmaceuticals and medical equipment. "The economy has hit us hard" is simply another translation of "we can't afford it" when it comes to customer objections - be sure you are fluent in this language.
Selling Despite the Economy
Remember, it all comes down to LACK OF BELIEF. A potential customer will tell you the economy has hit them hard, times are tight and that their wallets are closed for bidders like you because of outside forces. However, if you convince them the potential benefits of your product or service outweigh the prospect of sitting idly by and hoping for a change without changing, you can still win despite the "tough economy."
Needs and weaknesses; these are what makes the sales world go 'round. People always need something and where there's a need, there's a way.
Focus on learning your customer's needs and weaknesses; because this is a lost art, many will succumb to "economical factors" as a reason they walked away from a potential sale with little pushback.
Find the ways that your bag of goodies is necessary despite whatever conditions you are selling against. And ALWAYS challenge the customer: "Mr./Mrs. Customer, I 100% understand that your gut reaction is to look at the tough economy we are facing. However, on the same token, sitting pat and not taking advantage of opportunities is not going to aid you in any way. You still have to be cutting edge. Your customers still look to you and you have to create need within them. Let's face it - if you believed this would work for you, money and economic issues notwithstanding, you'd jump at this chance. For what specific reason do you not believe this will work for you?"
Make it not about the economy, or any other factor they bring to the table. The economy is just another potential way the customer can shut down your pitch. Don't let them.
Sales is a service; the better of a job you do in learning what your customer's needs and weaknesses are and showing them that you've got the cure for what ails them, the better shot you have of taking care of THE CUSTOMER, YOUR COMPANY, AND YOU. And that, my friends, is the holy trinity of sales.
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