Thoughts for Closing the Deal
(5 Minute Read)
You walk out the door, thanking the potential client for their time, and tell them that you will stop back in later in the year to review their needs. You leave upbeat and happy, but you did not get the deal.
You poured your heart and soul into the close, but you were rejected. Well, you know you weren’t actually rejected but it still stings a little. You remind yourself, “Tomorrow is another day.”
The biggest roadblock that people experience is the fear of rejection. Many times, that is what stands in the way of your ability to ask for the sale or close the deal.
Unfortunately, the sales pitch is the combined fear of losing a deal wrapped into one intimidating experience. In order to overcome the fear, there are three things you must remember:
Mental Preparation: this begins when you realize that you cannot close every deal. It is a numbers game. The old adage, “You win some, you lose some” is very true in the sales arena. As you go forth and try to acquire new clients, you are going to kiss a lot of frogs before you find your prince or princess. The only option you have is to prepare for these momentary defeats as you progress.
If you start with a firm foundation, it will build your confidence and lead to a higher closing rate. Your foundation is all of the information you acquire and organize as you begin the entire sales pitch. Closing the deal is not something you can do unless all of your ducks are in a row. You have to know your product or service inside out, as well as knowing all of the weaknesses that need to be addressed during the entire sales pitch. Not everyone is going to be as excited about the product or service as you are. Knowing that important piece of information will help aid in the client getting just as excited as you are throughout your presentation.
Ultimately, when you stand up to close the deal, you must know that you have given the prospect sufficient information that they can reach a conclusion in your favor before you ask them to do so. Therefore, your closing pitch or argument must be outlined to encompass all of the highlights of your presentation.
The trick is to make the sale close their idea. No one wants to be forced into a decision, nor does anyone want to feel that a decision was made for them. It should be your goal to feed your prospect enough information through the presentation itself so that when you highlight the information in the closing, the path is clear. When you’re making your final pitch, and you watch heads shake in acquiescence, it’s comforting to know that you’ve done your job. As a result, every so often they will say yes even before you ask. That is when you know you have done well. Just do not expect it every time or you will be disappointed.
Be adaptable in your presentation. Adaptability is your ability to relate to the prospect(s). In essence, this means being able to communicate and be understood while keeping both your integrity and objectives intact. The last thing you want to do is sound like a con man (who is always looking at what’s in it for them).
A good closer knows how to keep the focus on the prospect. Being able to identify their prospects desires and needs to be relatable requires the ability to be adaptable during the sales process.
Timing is everything. Make sure your prospect is ready to close before you ask. It is crucial to pay attention to the body language of those in the room throughout your presentation. Whether it is one person or several, you must be sure that they’re comfortable with what you are selling. You must make sure they’re comfortable with you. Your ability to anticipate and address their questions will give you a feel for their comfort level and their readiness to give you a yes.
Sometimes, a trial close is the best option. For instance, you may turn the question or mission on them to see if they understand the importance of your product. You may ask them if they see how their business will be advanced with the use of your service.
Whether they hesitate or acquiesce will let you know whether you’re ready to move forward with an ask, or if it is necessary for you to provide more information before doing so.
Consider whether you have addressed all of the areas of objection in your closing.
Get the YES! In the end, you can only win if they win. You’ll want to create a win-win situation for the client as well as yourself.
As long as they trust you and believe in your product or service, they will be in a better position to determine whether or not their business can be enhanced by your request for the sale. Have you convinced them that you have their best interest at heart, your interest is sincere, and that you understand enough about their business that when you tell them they need you, they can’t help but say “yes”?