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Sunday, 27 May 2012
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Understanding
The 2 MOs Of Sales To Increase Your Sales Volume
by
Daniel Goh
Whenever we buy
anything, what are our considerations? Well, depending on the
items we are buying, right? Though no matter what you are buying,
a cake, a shirt, a television, a car or even a house. Notice
that we will usually have 2 main considerations that affect
our decision. There will always be a battle between the Main
Objective and the Main Objection.
Is it true for you too?
When you buy something, for example a particular model of hand
phone, the Main Objective could be the PDA functions and the
Main Objection could be the price of $800. After consideration,
you may decide that the PDA function is worth paying $800 for
and thus you make a purchase, in which case the Main Objective
has won.
If you decide that the price of $800 is too much to pay for
the PDA phone even though PDA functions are what you really
wanted, you may look for another model with a lower price tag
or give up the PDA functions altogether; in this case, the Main
Objection has won.
Of course there are other aspects of consideration, though
what I am suggesting is what goes on in the prospects' mind
as they evaluate their purchasing decision and the product involved.
What is weighing on the prospect's mind more? The Main Objectiive
or the Main Objection?
So what can the salesperson do? Address the Main Objection
to the prospect's satisfaction and emphasize the Main Objective
constantly. Another challenge may arise, "How do I know
which are the prospect's Main Objection and Main Objective?"
Well, ask and truly listen.
Some Examples
One way of asking is, "Mr. Prospect, so far, is there
anything at all that may hinder you from purchasing our products
and enjoying all the benefits?" If the prospect mentions
something, pause, then ask about what the prospects has said,
ask him for further clarification before jumping in and tackling
the objection. Ask him what you would have to do or show him
to address his Main Objection. Remember; be empathic in your
listening. Show him you understand his concern. Sometime an
objection can be actually 'overcome' by the salesperson just
by listening. The prospect may just want his Main Objection
heard.
"Mr. Prospect, you have heard most of the benefits that
our product/service/idea is able to offer you. Which of the
benefit really impressed you?" Or, "Which of the benefit
do you like best? Could you tell me more as to why it is so?"
You can start to craft some of these questions on your own with
regard to what you are offering. Then, emphasize the benefits
during closing, remind him how he will be able to enjoy this
Main Objective. Emphasize any other point that may be relevant
to this benefit.
As salespersons, we need to be aware of the prospects' thinking
and feelings as much as possible. Truly, you will be able to
"hear the thoughts" and "feel the emotions"
of the prospects as long as you are not too engross with your
own thinking and feeling. Be aware of whatever you are saying
and how it is affecting the thoughts and feelings of the other
person. So, during a presentation of your product, please be
on the lookout for the 2 MOs. If you can't detect it, ask and
find out.
Selling Big Ticket Items
Selling a mobile phone and selling a house would definitely
be different. When buying mobile phones, we may have a Main
Objective of ease of use and the Main Objection may be the price.
When it comes to big ticket items like a house or car or an
investment program, more than one strong objective or objection
comes into the picture. What a salesperson should know is that
even though there are more MOs involved, the different MOs have
a hierarchy to it. Meaning, for example, with a few Main Objectives
in buying a car, they are arranged in order of importance. It
could be the ease of driving, followed by the safety aspects
and then the futuristic design of the car. When the salesperson
knows this hierarchy, it would assist him or her to spend the
most time on the ease of use of the car. Spend enough time on
the safety aspects of the car and proportionately less time
on the futuristic design of the car. If the car salesperson
does not know the MOs and spend significant time on the technically
superior abilities of the car compared to other cars and the
affordability of the car, he or she may be wondering why the
prospect is not impressed at the end of the presentation.
On the aspect of the Main Objections, in the case of buying
a house, they could be firstly, the unusual layout of the house
and secondly, the accessibility to the town center and thirdly
the price. The competent salesperson would spend considerable
time explaining the plus points of the house's layout and then
the alternative routes of travel and then the justification
of the asking price. If unknowingly, the salesperson just keeps
emphasizing the "good and affordable price" of the
house, the sales again may not go through as the top two Main
Objections had not been addressed.
Being Highly Conscious Assists You To Find Out The
MOs Of Sales
The mark of a highly competent and successful salesperson is
a high level of consciousness. He or she is very conscious of
how the prospect is feeling and thinking during the entire time
that the prospect is with them. If the highly conscious salesperson
sense that the prospect is upset or disagree with what was just
being said or shown, s/he can competently and quickly change
the direction of the presentation whereas the average salesperson
may just keep bashing down that path and incur greater wrath
and lessen their chances of securing the sales.
On the other hand, if something mentioned seems to generate
positive responses, it is an indication to further emphasize
the point just made, especially when in the process of securing
the sales. The favorable point mentioned could be the Main Objective
the prospect has to purchase the product from you.
Sales is a very huge subject that deals primarily with the
most complicated being in the world, human beings. However,
I have found that practicing and being efficient in the MOs
of Sales, would improve most salespeople's closing rate significantly.
Daniel
Goh is a relationships coach with New
Life Coaching and has worked across diverse industries such
as IT, Health, Education, Investment and Personal Development.
In the capacity of Sales and Marketing Executive, Business Development
Manager and Division Director locally and in Hong Kong, China
and Australia. His areas of specialties include Communication,
Sales, Marketing, interpersonal relationships and the study
of personalities. Calling all managers and human resources personnels,
contact Daniel at 65-90710868 or e-mail info@newlifecoaching.com.sg
for future runs of the "Creating Great Relationships In
The Workplace" and "Science Of Increasing Sales"
workshops.

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