Question

Topic: Customer Behavior

Objection Handling

Posted by Anonymous on 100 Points
hello sir, i am fresher and i am sales the banking product but am facing the problem of objection from the customer and also the presenting skills that dont know how to start the conversation to the customer at 1st meeting with presenting the product...i hope u will help me out of this problem....


thank you
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RESPONSES

  • Posted by Moriarty on Accepted
    There are two kinds of objection - the most common is just to make you shut up and go away. Usually complying with their wishes is sufficient in this case.

    The other is a genuine objection which is of course far easier to deal with. Either their objection has some grounds - well, a product can't supply every need. Yours included. If the objection has no grounds (and the questioner thinks they have) you need to explain their misguidedness.

    The point I'm trying to make here is that there are people who will buy - and yet have a genuine problem. That you can work with. There are people who don't want to buy, and no matter how long you spend convincing them they still won't buy - even if the Taj Mahal itself comes as a free gift!

    So work out which kind of objectioner they are and live with it. After all, it's far more profitable to deal with people who want to buy. It's surprising just how few of them there are.
  • Posted by Jay Hamilton-Roth on Accepted
    Instead of trying to sell, learn to start a conversation by asking them for their needs, problems, and dreams. Only once you understand their goals/resources can you see if what you're offering is indeed the right thing for them.
  • Posted by Gary Bloomer on Accepted
    You need to speak with your managers about training.

    That you're expected to present to customers and close those conversations without first having had sales training is nonsense.

    You also need to know that your ability to close on a presentation depends largely on the willingness of your prospect to listen to your message. From whom have you received your leads and how likely are those people to listen to what you have to offer? Without some element of pre-selling, call calling prospects won't get you that far: perhaps a close rate of 1 percent.

    With pre-qualified leads you're on firmer ground but it still sounds as if you need sales training.
  • Posted on Accepted
    I've found that a good way to approach this is to begin by asking some high-gain questions to find out what the prospect knows and wants, what their values and biases are, and to assess their needs. Once you have that information you can determine how to proceed.

    If you start by "pushing" your product/service at them, chances are (a) they'll be defensive, (b) you'll miss some great opportunities to solve their problem AND sell whatever you're selling, and (c) you will spend way too much time on the wrong prospects.

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