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Closing

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posted:
10/27/2011
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Steps in Developing the Relationship





Earn Commitment



Handle Objections



Presentation



Select Presentation



Determine Needs



Approach

Chapter Outline

 How much emphasis should be placed on closing

the sale?

 Why is obtaining commitment important?

 When is the best time to obtain commitment?

 What methods of securing commitment are

appropriate for developing partnerships?

 What should a salesperson do when the

prospect says yes? When the prospect

says no?

Gaining Commitment



 What does “Closing” mean to you?

 Are there different outcomes that still represent a

successful “close”?

 Is the old adage “Close early and often,” really a

good idea?

 What is the tackiest closing trick you have ever

heard?

Various Sales Outcomes

 Rejection



 Continuation



 Advance



 Sale



 Relationship

Examples of Commitments

Salespeople May Attempt to Obtain

 To have the prospect agree to come to the local branch

sometime during the next two weeks for a hands-on

demonstration of the copier.

 To have the buyer agree to pass my information along to

the buying committee with her/his endorsement of my

proposal.

 To set up another appointment for one week from now,

at which time the buyer will allow me to do a complete

survey of his/her printing needs.

 To have the prospect sign an order for 100 pair of

Levi’s jeans.

 To schedule a co-op newspaper advertising program to

be implemented in the next month.

When is the right time to seek commitment?



There is no one right time, but

 Watch for verbal indicators

 Prospect agrees to value of benefit







 Watch for nonverbal indicators

 Reexamining product





When is the right time to seek commitment?



 “Green Light” statements include:

 I like that size.







 “Red Light” statements include:

 I’m not sure that will work.







Techniques to Ruin Relationships

Risky Closing Methods



 Continuous “Yes”

 Assumptive Close

 Standing Room Only/Last

Chance

 Benefit in Reserve

 Emotional Pleas

Techniques to Earn Commitment

Legitimate Closing Methods

 Trial Commitments



 Ask for the Order/Direct Commitment

 Legitimate Choice/Alternative Choice

 Summary Close/Summary Commitment

 T-Account or Balance Sheet Commitment

 Success Story Commitment

What do you do if the buyer says yes?

 Don’t look surprised or shocked!

 Don’t rush into the wrap-up

 Go over information the customer will need to

fully enjoy the benefits of the product.

 Get the endorsement on the agreement.

 Show appreciation. If it was the first order, or a

large one, send a thank you letter.

 Follow up. Make sure the order was delivered,

and that the customer understands how to use

the product.

What do you do if the buyer says no?



 Does “no” mean “no”?

 Don’t take it personally

 Thank them for their time

 Leave additional information

 Offer to contact them later

 Follow-up

 Assess what went wrong

How would you Close the following

situation?

 You are trying to get a group of your friends to go

on a skiing trip during the Christmas break. You

have been working them for the last couple of

days

 General agreement that you need a break, but no

one seems real motivated to go skiing

 Make any assumptions necessary


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