The differences between top sales professionals and the rest of the crowd isn't just about what they DO ? it's about what they DON'T do as well! Over the course of more than 20 years developing the MasterStream Method, we've identified over two dozen traditional selling approaches that, upon closer examination, cause more damage than good. In this article, we'll begin exploring several mistakes sales professionals make, starting with:
Why "Feel, Felt, Found" is a Foolish Thing to Say
The essence of every sales call is to complete three basic tasks: 1) help your prospect identify a situation in need of their immediate attention; 2) prove you're the solution they need; and 3) secure their commitment.
Let's focus on the first task.
Here's a common situation sales professionals encounter: Let's say you're a financial services sales professional. You're meeting with a prospective financial planning client and as you're asking some basic fact-finding questions, your prospect reveals that they are worried about their retirement. There are only three ways you can respond to their statement ? you can normalize their concerns, ignore their worries, or pursue their issue.
Traditional selling strategies would recommend that you take the edge off of the prospect's worries and connect yourself more strongly to your prospect by using the "Feel, Felt, Found" technique. You've all heard it ? probably even SAID it ? before: "I understand exactly how you feel. Many of my clients felt the same way. But by working with us, they found the answers to their greatest concerns."
So what's wrong with that?
If you say that ? or anything to the effect of, "Everyone is concerned about their retirement" or, "That's what we hear people tell us every day" or even, "You've certainly come to the right place." you're normalizing what your prospect is experiencing. Stop and think about it: You're actually telling them that their situation ISN'T as unique as they thought it was ? that you deal with similar situations all the time, that their situation is commonplace. That awareness reduces your prospect's level of productive tension as it calms their worries. In turn, that reduces the likelihood of your prospect confronting their situation and doing something about it, so STOP normalizing what your prospect is experiencing!
If you completely ignore your prospect's statement and let it pass by without any acknowledgement whatsoever, you're communicating that their concern is so unnecessary and their situation so inconsequential that it doesn't even deserve a moment's attention. If you dismiss your prospect's concerns ? directly or indirectly ? you are robbing yourself of an ideal opportunity to help them solve a problem and could very well be harming them in the process, so STOP ignoring what your prospect is experiencing!
If you want to sell more, remember that whenever a prospect says they are worried about something, PURSUE the SUBJECT in greater detail. Questions like, "What troubles you the most about your retirement?" and, "What's causing you to be so concerned?" and, "What are you afraid will happen?" are likely to reveal much more useful information, get to the true source of your prospect's issue and open the door wider for you to be of service to them. The more you support your prospect in focusing on the uniqueness of their situation and the validity of their concerns, the more closely they will listen to what you have to say, the more valuable they will view your solution and the more quickly they will take action on your recommendations.
Want To Sell Gold
Recently the Citizens Advice accused many lenders of giving mortgages knowing that the borrower could not possibly afford them and reported approximately sixty thousand householders seeking advice on mortgage and loan arrears since April this year. They accused these lenders of being ?aggressive? if the borrower cannot meet their repayments.
They considered reckless lending decisions, ambiguous advice from brokers and hostile arrears management to be the cause of the present increase in people falling behind with their mortgage and the consequential court action and repossession.
The Citizens Advice have not been the only critics this year and the Financial Services Authority has progressively more, been taking action against deceitful mortgage brokers who sell inappropriate loans.
A BBC investigation which was reported by the Five Live Report and also Panorama, found sub-prime mortgage lenders responsible for providing loans to those with bad credit files.
I did not intend this article to be so totally depressing, but sometimes this can be difficult, when dealing with the facts. If the above is not worrying enough, recent statistics are showing house sales dropping off quicker than they have in the past eight years, also that the number of new houses being sold has dropped for five consecutive months. This is the worst decline since 1999. A housing market slowdown is predicted and many are rushing to sell.
To top it all approximately a million and a half people on fixed term mortgage rates will find these coming to an end next year. Depending on whether they are able to find a comparable new rate or not, will mean the difference between floating or sinking and possibly being repossessed.
If house prices start to fall we are less inclined to move as we see the equity diminishing from our property. So I am left asking myself which is the best way to proceed if I want to sell my home next year.
If I decide to use an estate agent, I know this can take six months or longer and if prices continue to drop, I may have to reduce my selling price as time goes on. This is not an idea that I relish, so I have been looking around to see if there is an alternative.
My answer I believe lies with a house sales specialist, who operates differently from an estate agent. An Instant Sale in Leicester tell me that they can buy my house from me in as little as seven days. They will not give me the full market value, but somewhere between seventy-five and ninety percent. I will have no need to purchase an HIP, no estate agents fees, no valuation fees and no solicitor's fees. A quick sale of my home will probably mean saving at least six mortgage payment and I will not have to sit around and watch my house devalue. This will also give me more buying power, as I will have the cash to negotiate with.
As I spent a good time above talking the likelihood of more repossession, as the housing crisis progresses, it makes sense to mention here that in this manner can help you avoid repossession. This does not mean that you will have to leave your home, as a house sales specialist will buy your home, save you from repossession, and then become your landlord, if you want. Looks like the ideal solution, don't you agree?
Both T.falcon Napier & Anand Pancholi are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
T.falcon Napier has sinced written about articles on various topics from Leadership, Sales and Negotiation and Management. T. Falcon Napier has specialized in sales for financial pros for over 20 years. For more sales techniques and to see a CASE STUDY on how you can increase your closing rate by over 50% go tohttp://www.MasterStream.com. T.falcon Napier's top article generates over 1900 views. to your Favourites.
Anand Pancholi has sinced written about articles on various topics from French Vacation, Real Estate and Sell Home. An Instant Sale are house sale specialists and property investors who operate throughout the UK. For a free, confidential and no obligation offer on your home visit our website at. Anand Pancholi's top article generates over 5400 views. to your Favourites.
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