Closing the Sale
Written by:
Richard Mulvey
Article Overview: If you don't close you are working for the opposition! Actually if you don't close you will be working for the opposition next year anyway, so best we learn how toi close more sales now
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Free Download - Do you sell products or dreams By Richard Mulvey
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Closing the Sale
Each product and service is different, each situation is different and each customer is different, so each close is different. There are some guide lines however, that will be of assistance in the process of closing. the basic close comprises of three separate steps:
Watch for buying signals
Summarise the benefits
Ask for the business
Let’s look at them one at a time
Buying Signals
“There is a certain tenseness, a certain electricity in the air when they are ready.” Tom Hopkins
I like that quote because it sums up that feeling you get when you know it’s time to close the sale. It is hard to explain but it is there none the less. If you are not sure about this there are some other, more tangible, signs you can look for.
You know it is time to close
When they start to ask lots of questions.
When they talk about how it would be when they own one.
When they grunt agreeably.
When they smile or get eye contact.
If you are selling to a husband and wife, when they get more affectionate (with each other!)
When they want to see the demo again.
When they use positive body language signals
Leaning forward in their chair
Unfolding their arms or uncrossing their legs
When they stop thinking positively, (Chin stroking with their head to one side) and bring their head down to look you in the eye.
Smiling or nodding
When they say “Will you go over that one more time
This is not a complete list of buying signals and you have probably noticed others in your work. Watch for them and you will get better at knowing exactly when to close.
Summarise the Benefits
This depends very much on your product or service but it is good advice to try and remind the customer of all the very good reasons why he wants the product before you ask him for the order. It doesn’t have to take long.
Sales Okay Mr. Customer, just to make sure I’ve got it all correct. You are interested in the X Series with the sunroof to take advantage of our long hot summers, air-conditioning to ensure that you arrive at business meetings cool and calm, CD player so that you can play your complete Beatles collection on those long journeys in the Free State, and in green to match your tie. If you would just like to sign here.
Sales We have agreed that this new range of cleaning materials will be easier for your staff to use saving on training time, provide higher standards of cleanliness which will keep your customers happy and reduce your cleaning costs by at least 25%, would you like delivery on Thursday or would Friday be better?
When you summarise the benefits it is useful to use the words “We have agreed”. This tells the customer that this is not new stuff but items that you have already reached agreement on. You will also notice in the two examples above that I have not just told the customer about the feature (CD player for instance) but also how the customer will benefit from that feature ( "so that you can play your complete Beatles collection on those long journeys in the Free State")
Ask for the Business
There are many different approaches to the final close question but when the top UK sales people were asked which type of closing question was most effective 75% of them said that the alternative close worked best for them.
It seems that customers are happy to listen to the sales person and agree on the minor issues but when it comes to the Big Question they start to get second thoughts. The beauty of the alternative close question is that it focuses on a choice between a couple of minor issues rather than the big issue of whether to buy or not. The customer then makes a minor decision making the big decision irrelevant.
The Alternative Question Close
Will you be paying cash now or do you want me to invoice the company?
Do you require delivery on Tuesday or would Thursday be better?
Would you like it in blue or red?
Do you prefer the diamonds or the sapphires
Would you like the handle on the top or the side?
Will you be taking it in the 25 or the 50 litre drums?
As this is the most successful type of closing question I would recommend that you take some time and list a few alternative close questions that would work in your business. Once you have them written down, practise them.
The next stage is the most important. Once you have asked for the business you SHUT UP! You keep quiet for as long as it takes for the customer to make up their mind. The first person to talk, looses!
Related Articles
The 5 “Secrets” of closing the sale
CLOSING THE SALE - IT'S HIGHLY OVERRATED
CLOSING - IT WILL MAKE OR BREAK YOU!
Sure-Fire Techniques for Closing Sales
The Close
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Contact –admin@eshreya.com
enRoute ads - 10 days with my new salesmen
- Hi Guys,
As some of you may know I hired a sales person for my business. I picked him amongst 50+ interviews, so I did do my due diligence. For any of you who have had experience with outbound sales reps in your company could you please shed some light on these statistics and let me know what you think:
Days Employed: 11
Calls Made: 200
Average length of call: 3 minutes
Sales: 0
Closing Rate: 0
Previous closing rate at Astral Media: 5%
He is selling billboards instead of radio, for an unestablished company vs. an established one
There seems to be large gaps in calling made in his daily log, on average he is making 20 calls a day. I am going to try to increase this by providing him with calling lists versus him creating his own. (I will keep you posted on this).
I am just wondering, in your experience, what kind of regiment do you have your cold callers work on, 6 hours? 4 hours? 7 hours? And did you notice a curve occur with closing rates as time progressed and experience increased? If so when did you notice this begin to occur, I have him on a 1,500.00 NON-RECOVERABLE sales draw salary which ends in 6 weeks (approx).
Pitch Like A Girl: How a Woman Can Be Herself and Still Succ
- Pitch Like A Girl: How a Woman Can Be Herself and Still Succeed
Ronna Lichtenberg
2005
From the inside cover:
"As a woman, you probably feel uncomfortable when it comes to promoting yourself and asking for what you want."
WHAT IN THE HECK IS THIS, I asked myself when I read that. Women are the fastest growing business owners in the US and Canada, there are t housands of women executives and CEOs - though not as many as might be expected, admittedly, yet the book opens with this surely out of date stereotype.
However, as she continued to give examples of women who had high paying jobs but were routinely not paid as much as men because it hadn't occurred to them to ask for raises, etc., I decided it was probably true for a majority of businesswomen...
Anyway, more of the info from the jacket:
"Other books have told you how to get what you want by being more like a guy. Pitch Like A Girl tells you why its an advantage to be who you are and how to do better by bringing more of yourself to work."
The TOC:
1. Pink and Blue
2. The Quck-dry Chapter
3. What's In your head that's not in his
4. The Me, Inc Mindset
5. Visioning: Discover What You Really Want
6. Identifying Prospects
7. Pre-pitch homework and heartwork
8. Crafting the pitch
9. Pricing the pitch
10. Packaging the pitch
11. Delivering the pitch
12. Closing
Conclusion
A Word to the guys
The Empathy Quotient
The Systemizing Quotient
Bibliography
And on a side note - non-fiction books without indexes - of which this is one, annoy me.
Manufacture of POTATO Flour / POTATO Powder
- Manufacture of POTATO Flour / POTATO Powder
About Project
Setting up of a unit for manufacture of potato powder
About Product and its use:
Potato powder is increasingly being used in a variety of food preparations like snack foods (Mc Donald, Pringle, Haldiram namkeens etc.), soups, curries and other dishes as a thickening agent. Its use at present is mainly in hotels, restaurants, but acceptance in household is growing due to its inclusion in items like ready to cook soups, dals, curries, etc.
Market Potential:
The potato powder is supplied in bulk to the manufacturers of the various snack food items and restaurants/ hotels. The major demand is in cities like Mumbai, Delhi , Chennai, Nagpur , etc. The demand is much more than the supply at present and is likely to grow with the increasing popularity of the snack foods and other items where potato powder is used as input. There is good potential for its export also.
Production process and technology:
Procurement of potato -> Washing -> Cooking -> Pulping -> Drum drying -> Potato Powder -> Packaging -> Marketing
The plant and machinery can be used for producing other products like fruit powder, tomato powder, etc.
Key risk factors:
Availability of adequate quantity of suitable chip varieties, which are used for powder making (like Kufri Jyoti, Kufri Chipsona) is the major factor which could affect the project.
Availability of alternatives to potato powder for thickening like tapioca, corn starch etc., could affect the market of potato powder adversely. However at present there is no problem
Quality control and Statutory Requirements
The unit need to obtain a licence under FPO 1955 from the Ministry of Food Processing Industry
Clearance from State Pollution Control Board
Capacity of processing raw material (potato):
a) Indigenous technology - 32 MT/ day of potato for 90 days per annum.
b) Imported technology - 96 MT/ day of potato for 90 days
Capacity utilisation is assumed on 90 days basis as the storage facilities for these varieties are not commonly available. However, capacity utilisation can be increased if the existing cold storages are modified suitably with an additional investment of about Rs 2000/ MT.
Potato powder recovery: 17% of the raw material.
Cost of raw material (potato): Rs 2500 per MT,
Sale price of powder: Rs. 55000/ MT.
Manpower requirement:
a) Indigenous technology: Skilled and trained - 2 Nos; Unskilled - 3 Nos
b) Imported technology: Technical - 2 Nos; Skilled - 2 Nos; Semi-skilled - 3 Nos.
Power requirement:
a) Indigenous technology: 40 HP
b) Imported technology: 60 HP
Water requirement:
a) Indigenous technology: 1,50,000 litres per day.
b) Imported technology: 5,00,000 litres per day.
Contact Us for FULL Project Report and Project Implementation Consultancy
alphabeta24365@yahoo.com
Craigslist for Beginners
- Although Craigslist has been around in one form or another since 1995, there are still some who have no idea how to use Craigslist. These individuals are missing out on a wonderful opportunity to be a part of a growing and continually evolving online community. This community is an excellent resource for finding information, finding jobs, finding friends or dates, making purchases, selling items or discussing important issues. This article will provide a brief introduction to each of the major sections on Craigslist.
Community Section
The community section of Craigslist is very useful for finding a great deal of local information. This may include activities, events, activities and lost and found just to name a few. This is definitely the section to check out if you are looking for things to do or see in a particular area.
Personals Section
The Personals section is where individuals can meet platonic friends or romantic partners. This section is set up with a number of different categories making it possible for both heterosexuals and homosexuals to find potential dates. The personals section is restricted to users over 18 years of age.
Discussion Forums
The discussion forums provide a location for individuals to voice their opinions, answer questions or otherwise exchange information. This section is divided into a number of different categories to make it easier for users to find others who share their interests. Certain categories allow users to post without logging in while other sections require users to log in before posting.
Housing Section
Craigslist’s housing section offers a variety of options related to lodging. Users of this section can find apartments or homes available for rent, sublet opportunities, potential roommate situations, house or apartment swaps, real estate sales, vacation rentals and even storage, parking and office space for rent or sale.
For Sale Section
The for sale section of Craigslist is largely self explanatory. Like most sections, it is divided into a number of different categories. Each of these categories describes the types of items which are offered for sale within the category. Additionally, there is a wanted section where users may post advertisements seeking to purchase particular items. Not all of the items listed in the for sale section require a fee to be paid to receive the item. Some of these items are available for free or in barter situation.
Services Sections
In the services section, service providers may place advertisements for the types of services they offer. Advertisements should be placed in appropriate categories but if there is no appropriate category the advertisement may be placed in the generic small business section.
Jobs Section
The job section is by far the most extensive section on Craigslist. This section is broken down into a number of different categories to make it easier for users to search for potential career matches. Users may find full time as well as part time opportunities in this section as well as telecommute positions and contract positions.
Gigs Section
The gigs section is similar to the jobs section but advertisements in the gigs section are supposed to refer to one time only opportunities as opposed to ongoing work. For example advertisements for volunteer staff needed for a one day event should be placed in the gigs section while advertisements for full time staff positions should be placed in jobs.
Resumes Section
The resumes section enables job seekers to post their resumes. The key to getting noticed in this section is to use a catchy headline for the resume. The resumes are not divided into different categories making it difficult for users to search through these resumes.
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