SlideShare une entreprise Scribd logo
1  sur  31
The Buying Game
“Selling” – What Has Changed ?
SALESPEOPLE TRAINED TO “CLOSE THE
SALE” NOT OPEN THE RELATIONSHIP
TAUGHT THAT SELLING IS SOMETHING
THEY “DO TO” CUSTOMERS, INSTEAD OF
“DO WITH”
THINK IN “WAR” METAPHORS
“HARD CLOSING” AND “HARD SELLING”
ARE TRIUMPHS OF MIND OVER “PATTER”
Cause
Effect
The Customer Buys!
Is not ”sold to”..
When Does A Sale Occur?
A sale does not take place till the customer buys
The attitude of “Caveat Emptor” (buyer beware) is being replaced by “Caveat Venditor”
(seller beware)
“Manipulation” is being replaced by “influence”
Every time you influence people, you are “selling”
Why Do People Buy A Product Or Service?
People buy products
and services to move
them from the
situation they are in,
to the situation they
would want to be in
The “need” is the
gap they perceive
Customers do not
care about the
products or services
we sell
They care about
whether we can fill
the “need”
YOU cannot “create”
a need
YOU can only make
the customer
“aware” of their
need
Their decision to buy is
governed by their values, and
the job they need to get done.
Products have features ,
advantages and benefits
Customers buy benefits
What Are Customers Actually “Buying”?
How Do You ”Uncover” Benefits
Uncover the customer’s needs
Explore their values and concerns regarding
the sale
Build on existing sales
Become their favorite relative
Rapport is built by asking
the right questions
Remember –
Garbage In/Garbage Out
Uncovering Needs Through Appropriate Questions
Closed Questions
Framed to extract a “Yes” or a “No” answer
Used when you want to get down to
specific detail
Allows you to control the conversation and
keep it focused
Is
Isn’t
Does
Doesn’t
How
specifically
Open Questions
When you know that the customer is
unable to articulate, help them
“chunk up” to extract their values that
determine the need
Open questions open up possibilities
How
What
Where
When
Direct questions
Designed to arrive at the truth
Make it easy for the customer to
say what they want to say
Make it easy for you to understand
what they mean
“What do you want?”
Directing The Response
Designed to get customers to say what you
want them to say
Leave the customer with no choice, because
you have already decided the route for them
“You do want this, don’t you?”
Driving A Conversation With Questions
Getting The Response You Want By Asking Questions
Loaded questions
•“Bearing in mind that you have announced
your expansion to new markets, don’t you
think we need to .......?”
•“Almost 90% of the companies that have
bought from <Name> are dissatisfied and
opting for change. Do you share this view?”
Polarized questions
•Designed to solicit a “yes” or “no” response
•“Are you not concerned about the reliability
and security of your data in your current
software?
•Designed to gain acceptance of an unstated
condition
•Creates guilt or negative feelings in the
person answering
False negative questions
• Worded to sound like there is an
universal opinion to the contrary
• “Would you not agree to this point?”
• “Is it not true that you would….?”
• To disagree would mean to run the risk
of sounding foolish
Statements!
PRESUPPOSE AN ANSWER
•“Clearly, our other customers cannot be wrong”
•“Obviously, you would want to consider the following
options”
Answers
OFFER AN ANSWER
• “What's important to you when you buy a new
software, a vendor that has addressed the
localization issues, I expect?”
Hidden assumptions
OFFER A HIDDEN ASSUMPTION
•“Where would you like to sign the order, in your office
or mine?”
•“Do you now understand why our service is the best in
the market?”
Drive The Conversation
Ask The “Right Questions”
• It will give you either the sequence of events to the action or the reason for the action
• Example:
Customer: I think the price is too high!!
Why: Why do you say that?
What: What price do you think is fair?
How: How did you arrive at that conclusion?
“Why” is the least useful question in sales
• Example:
Customer: Let me have your proposal next week
What: What do I need to put in the proposal for it to be meaningful to you?
Where, which, when, who , what, how are your 6 honest serving men
Clarify what the customer means
• Never assume the customer wants
• Example:
Customer: “I want better service than my last software provider”
Incorrect response: “Yes sir, of course!”
Correct response: “Can you tell me what specifically was
unsatisfactory about the previous service provider?”
Do NOT Assume
Listen for words like
“always”, “never”,
“everyone”
On face value, they
stop any argument
But there is always
an exception to
“always”
Question absolutes
by asking for
exceptions and
then build on that
Watch Out For “Absolutes”
Examples
Statement: “I always buy from
XXXX”
Response:
“What is it about XXXX that
you find so satisfactory?”
Statement:
“I will never look at changing
my accounting system again!”
Response :
”Never? What would happen
if you did?”
Example:
“We mustn’t present this
proposal to the CEO right
now”
Wrong answer: “Why
not?”
Right answer: “What
would happen if we
did?”
Question The…
Every client has “rules”
To identify these rules, listen
for words like
“should/shouldn’t”,
“must/mustn’t”, “can’t” and
“have to”
Ask for possible barriers that
have led to the imposition of
these rules
Continuous questions trigger
defensiveness
Avoid long and multiple questions
Recognize your voice modulation
when you communicate
STATEMENT: You can do that
QUESTION: You can do that?
COMMAND: You can do that!!
Soften your questions with :
“I would like to know more about..”
“Do you mind if I ask you a question about..”
Watch Out For The Bumps
What If We Are Not Speaking The Same “Language”?
Imagine trying
to buy from
someone who
doesn’t speak
or understand
the language
you speak
How we think is
reflected in what
we say
Imagine if you are
saying the same
thing, but in
different languages
Each individual
uses predicates
that reflect how
they “speak”
What If We Are Not Speaking The Same “Language”?
Neutral
Consider the idea
Demonstrate the product
Discuss
Remind you
I understand
I don’t understand
I know
Visual
Look into it
Show you
Look over
Show you again
I see what you are saying
That’s not clear
That’s clear to me
Auditory
Sound it out
Explain it to you
Talk over
Recall
I hear you loud and clear
That sounds odd
Sounds right
Kinesthetic
Explore
Give you a feel for it
Go over
Take you back
I can grasp the point
That doesn’t fit
I get a sense of that
Detect The Language
We Switch Off When We Struggle To “Hear”
Customer’s
language?
Visual
Your
language?
Kinesthetic! Rephrase to
use “Visual”
language
Listen
Respond
use
Recognize
the
"language"
Formulate
your
response in
the same
language
Recognize
the tone
Pace or
match the
tone
Use their
translation,
not your
jargon
To Build Rapport, Speak The Same Language
Match body
language
Match the
“thinking”
language
Pace 7 times,
establish
credibility
Ask questions to
run a health check
on your rapport
Ensure alignment
Lead the
conversation at
the pace you want
it to continue from
then on
Pace, Pace, Pace - Lead
Hint: We remember best what is said at the beginning and the end of meetings
•Reproduce what you have heard
from the customer using the key-
words they used
•Key words are emphasized with
voice
•Check for agreement
How does a
customer
know that
you are
listening?
The Art Of Listening - Reproduce
Replace “BUT” with “AND”
“I know you think it is
expensive
AND
that’s why I want you to look
at the benefits we offer”
People stop listening after they hear
the word “BUT”
“I know you think it is
expensive,
BUT
look at the benefits we offer”
Change Your Words, Change The Outcome – But Vs And
Change Your Words, Change The Outcome – No such thing as “TRY”
Try implies difficulty
and impossibility
Example : Try to pick up a pen
Don’t say “Try” and
don’t accept “try” as a
response
Polarize to a “yes” or a
“no”
Well Meaning Phrases That Produce The Wrong Result
Negatively formed
sentences reinforce
the opposite meaning
Don’t worry, we will deliver
the software next week Rest assured, we will
deliver the software
next week
Rephrase
positively
Image a similar situation in the
past where you felt resourceful
What did you see
What did you hear
What did you feel
Anchor that image When you’re stuck, recall
that image
Anchor Yourself
Anchoring The Audience
Gesture and emphasize words in a position
Move to a position, and make a gesture, and speak about your product or service
When you face an objection, move away from that position and take up another spot and respond from
there
Whenever you highlight benefits move to the spot that the audience recognizes as your “product”. Move to
this spot when they praise you or appreciate your offering
Whenever you cannot respond to an objection or they bring up competition, move to the “other spot”. The
audience will register that when you move to this spot, their objections are invalid
Authoritative
Go on, BUY
IT!!
Guilt
I have put in
so much
effort, you
owe this
order to me
Hypnotic
Don’t you
feel the urge
to buy this
now?
Economic
Think about
how much
money you
will save…
Guillotine
I am afraid
this price is
valid only till
the 25th of
this month
Scarcity
This is the
last piece we
have…
The Old ”Manipulative” Ways Of Asking For An Order Are Dead
Authoritative
Go on, BUY
IT!!
Guilt
I have put in
so much
effort, you
owe this
order to me
Hypnotic
Don’t you
feel the urge
to buy this
now?
Economic
Think about
how much
money you
will save…
Guillotine
I am afraid
this price is
valid only till
the 25th of
this month
Scarcity
This is the
last piece we
have…
The Old ”Manipulative” Ways Of Asking For An Order Are Dead
Will your product
meet the
customer's
requirements?
Are you doing
right by the
customer?
Are you doing
right by your
product ?
Instead, Get The Intent Right, Because The Buyer Knows!
The “close” is a choice
and
a natural result of “the conversation”
Thank you for listening..
@kalpeshdesai

Contenu connexe

Tendances

Objection handling-presentation
Objection handling-presentationObjection handling-presentation
Objection handling-presentationDatanyze
 
5 Principles for High Converting Marketing
5 Principles for High Converting Marketing5 Principles for High Converting Marketing
5 Principles for High Converting Marketingconversionrateservices
 
10 Copywriting Secrets That Convert
10 Copywriting Secrets That Convert10 Copywriting Secrets That Convert
10 Copywriting Secrets That ConvertDale Odeyemi
 
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari GalperTiffany Siok
 
PixelSpoke Lunch + Learn: Creating and Testing Marketing Messages
PixelSpoke Lunch + Learn: Creating and Testing Marketing MessagesPixelSpoke Lunch + Learn: Creating and Testing Marketing Messages
PixelSpoke Lunch + Learn: Creating and Testing Marketing MessagesPixelSpoke
 
P & C Insurance Sales Tips
P & C Insurance Sales TipsP & C Insurance Sales Tips
P & C Insurance Sales TipsThebooth fairy
 
7 Buying Signals You Need to Know
7 Buying Signals You Need to Know7 Buying Signals You Need to Know
7 Buying Signals You Need to Knowsws0926
 
12 causes of advertising failure how to write ads that work
12 causes of advertising failure how to write ads that work12 causes of advertising failure how to write ads that work
12 causes of advertising failure how to write ads that workWizard of Ads Mike Slover Ltd.
 
Overcoming Objections - What to Say and How To Say It
Overcoming Objections - What to Say and How To Say ItOvercoming Objections - What to Say and How To Say It
Overcoming Objections - What to Say and How To Say ItStacey Alcorn
 
20 Best Sales Objections Handling Techniques - Slides
20 Best Sales Objections Handling Techniques - Slides20 Best Sales Objections Handling Techniques - Slides
20 Best Sales Objections Handling Techniques - SlidesAndriy Popov
 
Closing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales ProcessClosing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales ProcessBob Hafer
 
The Rules Of Direct Mail
The Rules Of Direct MailThe Rules Of Direct Mail
The Rules Of Direct MailJAMES SULLIVAN
 
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...Sekke SESSE
 
6 ways to achieve sales and marketing alignment throughout the buyer's journey
6 ways to achieve sales and marketing alignment throughout the buyer's journey6 ways to achieve sales and marketing alignment throughout the buyer's journey
6 ways to achieve sales and marketing alignment throughout the buyer's journeyxoombi
 

Tendances (20)

Objection handling-presentation
Objection handling-presentationObjection handling-presentation
Objection handling-presentation
 
5 Principles for High Converting Marketing
5 Principles for High Converting Marketing5 Principles for High Converting Marketing
5 Principles for High Converting Marketing
 
Objection handling
Objection handlingObjection handling
Objection handling
 
10 Copywriting Secrets That Convert
10 Copywriting Secrets That Convert10 Copywriting Secrets That Convert
10 Copywriting Secrets That Convert
 
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper
7 Cold Calling Secrets Even Sales Gurus Don\'t Know By Ari Galper
 
Handling Price Objections in Sales!
Handling Price Objections in Sales!Handling Price Objections in Sales!
Handling Price Objections in Sales!
 
PixelSpoke Lunch + Learn: Creating and Testing Marketing Messages
PixelSpoke Lunch + Learn: Creating and Testing Marketing MessagesPixelSpoke Lunch + Learn: Creating and Testing Marketing Messages
PixelSpoke Lunch + Learn: Creating and Testing Marketing Messages
 
P & C Insurance Sales Tips
P & C Insurance Sales TipsP & C Insurance Sales Tips
P & C Insurance Sales Tips
 
7 Buying Signals You Need to Know
7 Buying Signals You Need to Know7 Buying Signals You Need to Know
7 Buying Signals You Need to Know
 
12 causes of advertising failure how to write ads that work
12 causes of advertising failure how to write ads that work12 causes of advertising failure how to write ads that work
12 causes of advertising failure how to write ads that work
 
Overcoming Objections - What to Say and How To Say It
Overcoming Objections - What to Say and How To Say ItOvercoming Objections - What to Say and How To Say It
Overcoming Objections - What to Say and How To Say It
 
Overcome objections
Overcome objectionsOvercome objections
Overcome objections
 
Objection handling
Objection handlingObjection handling
Objection handling
 
20 Best Sales Objections Handling Techniques - Slides
20 Best Sales Objections Handling Techniques - Slides20 Best Sales Objections Handling Techniques - Slides
20 Best Sales Objections Handling Techniques - Slides
 
Closing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales ProcessClosing: A Natural Step in the Sales Process
Closing: A Natural Step in the Sales Process
 
The Rules Of Direct Mail
The Rules Of Direct MailThe Rules Of Direct Mail
The Rules Of Direct Mail
 
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...
 
6 ways to achieve sales and marketing alignment throughout the buyer's journey
6 ways to achieve sales and marketing alignment throughout the buyer's journey6 ways to achieve sales and marketing alignment throughout the buyer's journey
6 ways to achieve sales and marketing alignment throughout the buyer's journey
 
Orientation 2016
Orientation 2016Orientation 2016
Orientation 2016
 
Evernote Orientation
Evernote OrientationEvernote Orientation
Evernote Orientation
 

Similaire à The Buying Game

Making Customers Orientation For New Home Sales and Design Centers
Making Customers Orientation For New Home Sales and Design CentersMaking Customers Orientation For New Home Sales and Design Centers
Making Customers Orientation For New Home Sales and Design CentersThe Making Customers Series
 
Consultative Selling Process
Consultative Selling ProcessConsultative Selling Process
Consultative Selling ProcessMehra Deepak
 
Yes 50 Scientifically Proven Ways To Be Persuasive
Yes 50 Scientifically Proven Ways To Be PersuasiveYes 50 Scientifically Proven Ways To Be Persuasive
Yes 50 Scientifically Proven Ways To Be PersuasiveAlan French
 
Reatail customer-service
Reatail customer-serviceReatail customer-service
Reatail customer-serviceParadigmls
 
selling skills pharmaceutical
selling skills pharmaceuticalselling skills pharmaceutical
selling skills pharmaceuticalSHAHID LATIF
 
How to Land that First Customer
How to Land that First CustomerHow to Land that First Customer
How to Land that First CustomerFloown
 
Top 10 B2B Sales Secrets
Top 10 B2B Sales SecretsTop 10 B2B Sales Secrets
Top 10 B2B Sales SecretsCraig DesBrisay
 
Sales - not as scary as you think. A 21st Century sales process training.
Sales - not as scary as you think.  A 21st Century sales process training.Sales - not as scary as you think.  A 21st Century sales process training.
Sales - not as scary as you think. A 21st Century sales process training.David Martin
 
Iced presentation july 2010
Iced presentation july 2010Iced presentation july 2010
Iced presentation july 2010Michele Price
 
The secret to closing the sale
The secret to closing the saleThe secret to closing the sale
The secret to closing the saleEfrat Barzilay
 
Super affiliate wizard
Super affiliate wizardSuper affiliate wizard
Super affiliate wizardAjeetPatel21
 
Be the best in overcoming customers' objections
Be the best in overcoming customers' objectionsBe the best in overcoming customers' objections
Be the best in overcoming customers' objectionsYair Schoenfeld
 
Super affiliate wizard
Super affiliate wizardSuper affiliate wizard
Super affiliate wizardDarryllMellish
 
Sales Training Final
Sales Training FinalSales Training Final
Sales Training Finalsherhusk
 
Differentiating Your Company In The Marketplace
Differentiating Your Company In The MarketplaceDifferentiating Your Company In The Marketplace
Differentiating Your Company In The MarketplaceChristopher Huggins
 
Objection Handling in Sales
Objection Handling in SalesObjection Handling in Sales
Objection Handling in Salessnswteam5
 

Similaire à The Buying Game (20)

Making Customers Orientation For New Home Sales and Design Centers
Making Customers Orientation For New Home Sales and Design CentersMaking Customers Orientation For New Home Sales and Design Centers
Making Customers Orientation For New Home Sales and Design Centers
 
Handling objections
Handling objectionsHandling objections
Handling objections
 
Consultative Selling Process
Consultative Selling ProcessConsultative Selling Process
Consultative Selling Process
 
Yes 50 Scientifically Proven Ways To Be Persuasive
Yes 50 Scientifically Proven Ways To Be PersuasiveYes 50 Scientifically Proven Ways To Be Persuasive
Yes 50 Scientifically Proven Ways To Be Persuasive
 
Ku.sp5
Ku.sp5Ku.sp5
Ku.sp5
 
Reatail customer-service
Reatail customer-serviceReatail customer-service
Reatail customer-service
 
How to Master The ART of Selling
How to Master The ART  of SellingHow to Master The ART  of Selling
How to Master The ART of Selling
 
selling skills pharmaceutical
selling skills pharmaceuticalselling skills pharmaceutical
selling skills pharmaceutical
 
How to Land that First Customer
How to Land that First CustomerHow to Land that First Customer
How to Land that First Customer
 
Top 10 B2B Sales Secrets
Top 10 B2B Sales SecretsTop 10 B2B Sales Secrets
Top 10 B2B Sales Secrets
 
Sales - not as scary as you think. A 21st Century sales process training.
Sales - not as scary as you think.  A 21st Century sales process training.Sales - not as scary as you think.  A 21st Century sales process training.
Sales - not as scary as you think. A 21st Century sales process training.
 
Iced presentation july 2010
Iced presentation july 2010Iced presentation july 2010
Iced presentation july 2010
 
The secret to closing the sale
The secret to closing the saleThe secret to closing the sale
The secret to closing the sale
 
Super affiliate wizard
Super affiliate wizardSuper affiliate wizard
Super affiliate wizard
 
Be the best in overcoming customers' objections
Be the best in overcoming customers' objectionsBe the best in overcoming customers' objections
Be the best in overcoming customers' objections
 
Super affiliate wizard
Super affiliate wizardSuper affiliate wizard
Super affiliate wizard
 
Sales Training Final
Sales Training FinalSales Training Final
Sales Training Final
 
Persuasive ppt
Persuasive pptPersuasive ppt
Persuasive ppt
 
Differentiating Your Company In The Marketplace
Differentiating Your Company In The MarketplaceDifferentiating Your Company In The Marketplace
Differentiating Your Company In The Marketplace
 
Objection Handling in Sales
Objection Handling in SalesObjection Handling in Sales
Objection Handling in Sales
 

Plus de Agile Financial Technologies

Privacy & Security Challenges Faced By Financial Services In The Digital Age
Privacy & Security Challenges Faced By Financial Services In The Digital AgePrivacy & Security Challenges Faced By Financial Services In The Digital Age
Privacy & Security Challenges Faced By Financial Services In The Digital AgeAgile Financial Technologies
 
Insurance Technology As A Catalyst For Change - Emerging Market Segments
Insurance Technology As A Catalyst For Change - Emerging Market SegmentsInsurance Technology As A Catalyst For Change - Emerging Market Segments
Insurance Technology As A Catalyst For Change - Emerging Market SegmentsAgile Financial Technologies
 
Interview in The Policy Magazine, The UAE Insurance Report 2012
Interview in The Policy Magazine, The UAE Insurance Report 2012Interview in The Policy Magazine, The UAE Insurance Report 2012
Interview in The Policy Magazine, The UAE Insurance Report 2012Agile Financial Technologies
 
Making BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceMaking BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceAgile Financial Technologies
 
Technology Innovation For Banks In The "New Hard Times"
Technology Innovation For Banks In The "New Hard Times"Technology Innovation For Banks In The "New Hard Times"
Technology Innovation For Banks In The "New Hard Times"Agile Financial Technologies
 
Private Banking & Wealth Management - What Clients Want
Private Banking & Wealth Management - What Clients WantPrivate Banking & Wealth Management - What Clients Want
Private Banking & Wealth Management - What Clients WantAgile Financial Technologies
 

Plus de Agile Financial Technologies (13)

Privacy & Security Challenges Faced By Financial Services In The Digital Age
Privacy & Security Challenges Faced By Financial Services In The Digital AgePrivacy & Security Challenges Faced By Financial Services In The Digital Age
Privacy & Security Challenges Faced By Financial Services In The Digital Age
 
The Digital Insurer
The Digital InsurerThe Digital Insurer
The Digital Insurer
 
Agile Financial Times - September 2014
Agile Financial Times - September 2014Agile Financial Times - September 2014
Agile Financial Times - September 2014
 
Agilis Insurance Mobility Suite
Agilis Insurance Mobility SuiteAgilis Insurance Mobility Suite
Agilis Insurance Mobility Suite
 
Insurance Technology As A Catalyst For Change - Emerging Market Segments
Insurance Technology As A Catalyst For Change - Emerging Market SegmentsInsurance Technology As A Catalyst For Change - Emerging Market Segments
Insurance Technology As A Catalyst For Change - Emerging Market Segments
 
Interview in The Policy Magazine, The UAE Insurance Report 2012
Interview in The Policy Magazine, The UAE Insurance Report 2012Interview in The Policy Magazine, The UAE Insurance Report 2012
Interview in The Policy Magazine, The UAE Insurance Report 2012
 
Insurance Technology Trends
Insurance Technology TrendsInsurance Technology Trends
Insurance Technology Trends
 
Buy-outs - India Inc finds diamonds in the dust
Buy-outs - India Inc finds diamonds in the dustBuy-outs - India Inc finds diamonds in the dust
Buy-outs - India Inc finds diamonds in the dust
 
Agile Financial Times Apr09
Agile Financial Times Apr09Agile Financial Times Apr09
Agile Financial Times Apr09
 
Agile Financial Times May09 Edition
Agile Financial Times May09 EditionAgile Financial Times May09 Edition
Agile Financial Times May09 Edition
 
Making BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceMaking BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance Conference
 
Technology Innovation For Banks In The "New Hard Times"
Technology Innovation For Banks In The "New Hard Times"Technology Innovation For Banks In The "New Hard Times"
Technology Innovation For Banks In The "New Hard Times"
 
Private Banking & Wealth Management - What Clients Want
Private Banking & Wealth Management - What Clients WantPrivate Banking & Wealth Management - What Clients Want
Private Banking & Wealth Management - What Clients Want
 

Dernier

International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditNhtLNguyn9
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Seta Wicaksana
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Anamaria Contreras
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfrichard876048
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessSeta Wicaksana
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 

Dernier (20)

No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Chapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal auditChapter 9 PPT 4th edition.pdf internal audit
Chapter 9 PPT 4th edition.pdf internal audit
 
Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...Ten Organizational Design Models to align structure and operations to busines...
Ten Organizational Design Models to align structure and operations to busines...
 
Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.Traction part 2 - EOS Model JAX Bridges.
Traction part 2 - EOS Model JAX Bridges.
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
Innovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdfInnovation Conference 5th March 2024.pdf
Innovation Conference 5th March 2024.pdf
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
Organizational Structure Running A Successful Business
Organizational Structure Running A Successful BusinessOrganizational Structure Running A Successful Business
Organizational Structure Running A Successful Business
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 

The Buying Game

  • 2. “Selling” – What Has Changed ? SALESPEOPLE TRAINED TO “CLOSE THE SALE” NOT OPEN THE RELATIONSHIP TAUGHT THAT SELLING IS SOMETHING THEY “DO TO” CUSTOMERS, INSTEAD OF “DO WITH” THINK IN “WAR” METAPHORS “HARD CLOSING” AND “HARD SELLING” ARE TRIUMPHS OF MIND OVER “PATTER” Cause Effect The Customer Buys! Is not ”sold to”..
  • 3. When Does A Sale Occur? A sale does not take place till the customer buys The attitude of “Caveat Emptor” (buyer beware) is being replaced by “Caveat Venditor” (seller beware) “Manipulation” is being replaced by “influence” Every time you influence people, you are “selling”
  • 4. Why Do People Buy A Product Or Service? People buy products and services to move them from the situation they are in, to the situation they would want to be in The “need” is the gap they perceive Customers do not care about the products or services we sell They care about whether we can fill the “need” YOU cannot “create” a need YOU can only make the customer “aware” of their need
  • 5. Their decision to buy is governed by their values, and the job they need to get done. Products have features , advantages and benefits Customers buy benefits What Are Customers Actually “Buying”?
  • 6. How Do You ”Uncover” Benefits Uncover the customer’s needs Explore their values and concerns regarding the sale Build on existing sales Become their favorite relative Rapport is built by asking the right questions Remember – Garbage In/Garbage Out
  • 7. Uncovering Needs Through Appropriate Questions Closed Questions Framed to extract a “Yes” or a “No” answer Used when you want to get down to specific detail Allows you to control the conversation and keep it focused Is Isn’t Does Doesn’t How specifically Open Questions When you know that the customer is unable to articulate, help them “chunk up” to extract their values that determine the need Open questions open up possibilities How What Where When
  • 8. Direct questions Designed to arrive at the truth Make it easy for the customer to say what they want to say Make it easy for you to understand what they mean “What do you want?” Directing The Response Designed to get customers to say what you want them to say Leave the customer with no choice, because you have already decided the route for them “You do want this, don’t you?” Driving A Conversation With Questions
  • 9. Getting The Response You Want By Asking Questions Loaded questions •“Bearing in mind that you have announced your expansion to new markets, don’t you think we need to .......?” •“Almost 90% of the companies that have bought from <Name> are dissatisfied and opting for change. Do you share this view?” Polarized questions •Designed to solicit a “yes” or “no” response •“Are you not concerned about the reliability and security of your data in your current software? •Designed to gain acceptance of an unstated condition •Creates guilt or negative feelings in the person answering False negative questions • Worded to sound like there is an universal opinion to the contrary • “Would you not agree to this point?” • “Is it not true that you would….?” • To disagree would mean to run the risk of sounding foolish
  • 10. Statements! PRESUPPOSE AN ANSWER •“Clearly, our other customers cannot be wrong” •“Obviously, you would want to consider the following options” Answers OFFER AN ANSWER • “What's important to you when you buy a new software, a vendor that has addressed the localization issues, I expect?” Hidden assumptions OFFER A HIDDEN ASSUMPTION •“Where would you like to sign the order, in your office or mine?” •“Do you now understand why our service is the best in the market?” Drive The Conversation
  • 11. Ask The “Right Questions” • It will give you either the sequence of events to the action or the reason for the action • Example: Customer: I think the price is too high!! Why: Why do you say that? What: What price do you think is fair? How: How did you arrive at that conclusion? “Why” is the least useful question in sales • Example: Customer: Let me have your proposal next week What: What do I need to put in the proposal for it to be meaningful to you? Where, which, when, who , what, how are your 6 honest serving men
  • 12. Clarify what the customer means • Never assume the customer wants • Example: Customer: “I want better service than my last software provider” Incorrect response: “Yes sir, of course!” Correct response: “Can you tell me what specifically was unsatisfactory about the previous service provider?” Do NOT Assume
  • 13. Listen for words like “always”, “never”, “everyone” On face value, they stop any argument But there is always an exception to “always” Question absolutes by asking for exceptions and then build on that Watch Out For “Absolutes” Examples Statement: “I always buy from XXXX” Response: “What is it about XXXX that you find so satisfactory?” Statement: “I will never look at changing my accounting system again!” Response : ”Never? What would happen if you did?”
  • 14. Example: “We mustn’t present this proposal to the CEO right now” Wrong answer: “Why not?” Right answer: “What would happen if we did?” Question The… Every client has “rules” To identify these rules, listen for words like “should/shouldn’t”, “must/mustn’t”, “can’t” and “have to” Ask for possible barriers that have led to the imposition of these rules
  • 15. Continuous questions trigger defensiveness Avoid long and multiple questions Recognize your voice modulation when you communicate STATEMENT: You can do that QUESTION: You can do that? COMMAND: You can do that!! Soften your questions with : “I would like to know more about..” “Do you mind if I ask you a question about..” Watch Out For The Bumps
  • 16. What If We Are Not Speaking The Same “Language”? Imagine trying to buy from someone who doesn’t speak or understand the language you speak
  • 17. How we think is reflected in what we say Imagine if you are saying the same thing, but in different languages Each individual uses predicates that reflect how they “speak” What If We Are Not Speaking The Same “Language”?
  • 18. Neutral Consider the idea Demonstrate the product Discuss Remind you I understand I don’t understand I know Visual Look into it Show you Look over Show you again I see what you are saying That’s not clear That’s clear to me Auditory Sound it out Explain it to you Talk over Recall I hear you loud and clear That sounds odd Sounds right Kinesthetic Explore Give you a feel for it Go over Take you back I can grasp the point That doesn’t fit I get a sense of that Detect The Language
  • 19. We Switch Off When We Struggle To “Hear” Customer’s language? Visual Your language? Kinesthetic! Rephrase to use “Visual” language
  • 20. Listen Respond use Recognize the "language" Formulate your response in the same language Recognize the tone Pace or match the tone Use their translation, not your jargon To Build Rapport, Speak The Same Language
  • 21. Match body language Match the “thinking” language Pace 7 times, establish credibility Ask questions to run a health check on your rapport Ensure alignment Lead the conversation at the pace you want it to continue from then on Pace, Pace, Pace - Lead Hint: We remember best what is said at the beginning and the end of meetings
  • 22. •Reproduce what you have heard from the customer using the key- words they used •Key words are emphasized with voice •Check for agreement How does a customer know that you are listening? The Art Of Listening - Reproduce
  • 23. Replace “BUT” with “AND” “I know you think it is expensive AND that’s why I want you to look at the benefits we offer” People stop listening after they hear the word “BUT” “I know you think it is expensive, BUT look at the benefits we offer” Change Your Words, Change The Outcome – But Vs And
  • 24. Change Your Words, Change The Outcome – No such thing as “TRY” Try implies difficulty and impossibility Example : Try to pick up a pen Don’t say “Try” and don’t accept “try” as a response Polarize to a “yes” or a “no”
  • 25. Well Meaning Phrases That Produce The Wrong Result Negatively formed sentences reinforce the opposite meaning Don’t worry, we will deliver the software next week Rest assured, we will deliver the software next week Rephrase positively
  • 26. Image a similar situation in the past where you felt resourceful What did you see What did you hear What did you feel Anchor that image When you’re stuck, recall that image Anchor Yourself
  • 27. Anchoring The Audience Gesture and emphasize words in a position Move to a position, and make a gesture, and speak about your product or service When you face an objection, move away from that position and take up another spot and respond from there Whenever you highlight benefits move to the spot that the audience recognizes as your “product”. Move to this spot when they praise you or appreciate your offering Whenever you cannot respond to an objection or they bring up competition, move to the “other spot”. The audience will register that when you move to this spot, their objections are invalid
  • 28. Authoritative Go on, BUY IT!! Guilt I have put in so much effort, you owe this order to me Hypnotic Don’t you feel the urge to buy this now? Economic Think about how much money you will save… Guillotine I am afraid this price is valid only till the 25th of this month Scarcity This is the last piece we have… The Old ”Manipulative” Ways Of Asking For An Order Are Dead
  • 29. Authoritative Go on, BUY IT!! Guilt I have put in so much effort, you owe this order to me Hypnotic Don’t you feel the urge to buy this now? Economic Think about how much money you will save… Guillotine I am afraid this price is valid only till the 25th of this month Scarcity This is the last piece we have… The Old ”Manipulative” Ways Of Asking For An Order Are Dead
  • 30. Will your product meet the customer's requirements? Are you doing right by the customer? Are you doing right by your product ? Instead, Get The Intent Right, Because The Buyer Knows! The “close” is a choice and a natural result of “the conversation”
  • 31. Thank you for listening.. @kalpeshdesai