This is a very common objection that may sometimes be an excuse. I'm married and I would never buy a car without talking about it with my wife first but isn't it true that sometimes you sell a car to a husband or spouse without the other-half being there? Perhaps they had already discussed the purchase or perhaps one can make a decision without the other.
The purpose of this article is to help you determine if the person really needs to talk to his wife or if it is an excuse. The word-track below works wonders--give it a try sometime.
CUSTOMER: I need to talk to my wife first.
YOU: Jim, when you talk to your wife, are you going to talk about the car, the price or me?
CUSTOMER: The price.
YOU: What do you think she'll say about the price?
CUSTOMER: She'll probably say it's too high.
YOU: What price do you think she'll like?
CUSTOMER: $30 less a month.
YOU: (Isolate the objection): Do you think there'll be anything else that you'll talk about?
CUSTOMER: No
YOU: Sounds like she's on a budget like my wife. Jim, do you think if we fiddle around with the numbers a little and get it to fit within her budget, she'll go ahead and take the car?
CUSTOMER: Yes
You then overcome the objection as normal. Now, I'm not stupid--I have been selling cars for a while and know that most of the time, the husband will still want to talk to the wife but will you admit that this might help you sell a few more cars here and there? Also, will you admit that if the car is within the budget the husband will have a better chance of closing the wife?
Other tips to consider:
1) Offer to let the husband take the car to his wife so she can see it. Make sure you remind him that he is obligated in no way to buy the car to take the pressure off.
2) Do not ever say, "Let me call my wife and see if I can sell it to you." I know they used that line in the movie "Suckers" and I heard my boss in Tennessee use it a few times but insulting a customer NEVER WORKS!
3) I never try to pressure a person to buy without spousal support by saying things like, "Come on--you know it's easier to get forgiveness than permission." Also never works.
4) Do say something like this, "I've been selling cars for a long time and sometimes people say that they need to talk to their wife because something is bothering them like the price, the car itself or something I said I did. I just wanted to make sure--none of those things are keeping you from the car, are they?"
You can also use #4 if they say they want to go to lunch, study things, think about things, talk to their banker, talk to their priest, talk to their dog, etc.
All in all, the theme of this post is do not ever insult your customer. Hope this helps and I promise it will help you sell more cars here and there by increasing your odds across the board.
Showing posts with label overcoming objections. Show all posts
Showing posts with label overcoming objections. Show all posts
Thursday, November 1, 2007
Tuesday, October 30, 2007
The Difference Between an Objection, a Concern and an Excuse
I like to listen to other salespeople because 1 of 2 things always happen. I either learn what to say or do or I learn what not to say or do!
An example: I once was listening to a salesperson trying to sell a truck. He told the customer the price and the customer said, "That's high!"
The salesperson, without missing a beat said, "If I could knock off a $1000 would you take it?"
Whoa! The customer never said he wasn't taking the truck! He just said the price was high. Hell yeah it's high--so is a gallon of gas but we are definite be-backs at the gas pump and trucks cost a lot to produce.
Now, I honestly don't remember if that salesperson wound up selling the truck but I do know one thing--if he did, it was probably a $50 mini deal (we didn't get paid that well in Tennessee...) If he would have known the difference between an objection and a concern, then he would have at least made an honest commission of a few hundred dollars from selling the truck, not the insult that the average mini-deal is.
An objection is something that will keep someone from purchasing your product.
A concern is something that may or may not keep someone from purchasing your product.
An excuse is something your customer says to hide the real objection--that thing that is keeping him from buying your product.
Want a tip? If someone starts a sentence with "I'm not buying the truck because..." then they are about to lay an objection on you. For example, "I'm not buying the truck because the price is too high." If someone says, "The price is too high" then they haven't really objected--at least not yet--because they haven't told you that they aren't buying.
How do you handle an objection? I like to use these basic steps:
1) State it back to them to make sure you heard it correctly. Are you saying you're not going to buy the truck because it is too expensive?
2) I like to isolate it next: Besides the price being too high, is there anything else keeping you from buying the truck?
NOTE: I know you should never use the word "buy" you should use "own" but we're talking salesperson-to-salesperson right now and you know what I mean...
3) I try to re-phrase the objection to make it easier to overcome. By price, are you talking about the cost or payment?
4) I then try to overcome the objection. It sounds to me like you're on a budget like me and the rest of the world--am I right? If I could fiddle around with the numbers and maybe help out your budget, is there anything else keeping you from taking this truck home right now?"
It may not always work but you will increase your chances of selling a car if you use the steps above. In future posts, I will have specific objections and how to overcome them so please check back from time to time!
OK, Marv--what about concerns? Easy--you can either pretend you didn't hear them or you can agree with them.
Marv--that price is high. Here's how you do technique one...
Did you get that? I hope so.
Here's how to do technique 2. Marv--that price is high. (You) Yup--sure is. Hey, do you want to title it in just your name or do you want your wife on it also?
or even...
Yes, the price is high but isn't everything now-a-days? But when all the advancements in truck technology now-a-days and the 100,000 mile warranty, it will give you many years of use. So, do you want a cup of coffee while I get your paperwork started or a cold drink?
By the way--I will go into the closing techniques in later posts (the drink close and the title close) so make sure you come back once in a while!
Here's a fun one...You tell someone that their trade is worth $5000 and they want their payoff which is $9500. You: Jim, they appraised your car for $5000. Do you want a cold drink or a cup of coffee while...
(They butt-in): Man--that's low! (A concern)
(You): It may seem low but you have to understand that your car is 8 years old and has 87,000 miles on it and we have to fix that dent before we can sell it. What happened anyways?
(Them): I hit a deer. Marv--I need my payoff or I can't trade. (now an objection! Whoops!)
(You): Jim--a payoff has no bearing on what a car is worth. If you owed $100 dollars on your car, would you expect to only get a hundred bucks for it?
(Them): No...
I might even lay a little feel-felt-found on them! I know how you feel. I felt the same way the last time I traded--my car was worth $5000 and I owed $10,500 on it. I had to roll the extra $5500 into my lease but I found that after it was all set and done, I was happy with my new car and glad to get rid of the old one (True story by the way...)
OK--now for the big one--the evil excuse--probably the toughest one to handle because you don't want to pop out and call your customer a liar.
I need to check with my dog before I can buy.
First of all, don't ever come back with, "I'll tell you what--let me call my dog and see if I can sell you the car!" You will do nothing but piss off the customer and you will not sell them!
I play a lot of poker and at this point, I lay my cards on the table.
Mr. Customer, I have been selling cars for a long time and I have had a lot of people tell me that exact same thing and you know what I've learned? I've learned that sometimes people say that they need to check with their dog but that really they don't because something is bothering them and keeping them from buying a car from me. Sometimes it is the car itself, something I said or did or it is the price. May I ask if one of those things are the real reason you won't buy the car from me?
If they answer the question, you have the real objection and you can then isolate and overcome it.
I love when a customer pops an excuse on me--it tells me that they might really be interested in the car! I also love when they think they are being so slick and that I have never heard that excuse before. I need to sleep on it! or the ever popular, I never buy at the first place I stop at. Or how about one I heard a lot in the deep south, I need to talk to my banker first.
No matter what they say, use the technique--sometimes an excuse can be a real concern and sometimes people really want to talk to their dog first but if you can week out the ones who are just making excuses, you will sell more cars.
Please visit my website at www.CarSalesAssistant.com for the best follow-up software designed especially for car salespeople. Thanks and I look forward to sharing more techniques with you in the future.
An example: I once was listening to a salesperson trying to sell a truck. He told the customer the price and the customer said, "That's high!"
The salesperson, without missing a beat said, "If I could knock off a $1000 would you take it?"
Whoa! The customer never said he wasn't taking the truck! He just said the price was high. Hell yeah it's high--so is a gallon of gas but we are definite be-backs at the gas pump and trucks cost a lot to produce.
Now, I honestly don't remember if that salesperson wound up selling the truck but I do know one thing--if he did, it was probably a $50 mini deal (we didn't get paid that well in Tennessee...) If he would have known the difference between an objection and a concern, then he would have at least made an honest commission of a few hundred dollars from selling the truck, not the insult that the average mini-deal is.
An objection is something that will keep someone from purchasing your product.
A concern is something that may or may not keep someone from purchasing your product.
An excuse is something your customer says to hide the real objection--that thing that is keeping him from buying your product.
Want a tip? If someone starts a sentence with "I'm not buying the truck because..." then they are about to lay an objection on you. For example, "I'm not buying the truck because the price is too high." If someone says, "The price is too high" then they haven't really objected--at least not yet--because they haven't told you that they aren't buying.
How do you handle an objection? I like to use these basic steps:
1) State it back to them to make sure you heard it correctly. Are you saying you're not going to buy the truck because it is too expensive?
2) I like to isolate it next: Besides the price being too high, is there anything else keeping you from buying the truck?
NOTE: I know you should never use the word "buy" you should use "own" but we're talking salesperson-to-salesperson right now and you know what I mean...
3) I try to re-phrase the objection to make it easier to overcome. By price, are you talking about the cost or payment?
4) I then try to overcome the objection. It sounds to me like you're on a budget like me and the rest of the world--am I right? If I could fiddle around with the numbers and maybe help out your budget, is there anything else keeping you from taking this truck home right now?"
It may not always work but you will increase your chances of selling a car if you use the steps above. In future posts, I will have specific objections and how to overcome them so please check back from time to time!
OK, Marv--what about concerns? Easy--you can either pretend you didn't hear them or you can agree with them.
Marv--that price is high. Here's how you do technique one...
Did you get that? I hope so.
Here's how to do technique 2. Marv--that price is high. (You) Yup--sure is. Hey, do you want to title it in just your name or do you want your wife on it also?
or even...
Yes, the price is high but isn't everything now-a-days? But when all the advancements in truck technology now-a-days and the 100,000 mile warranty, it will give you many years of use. So, do you want a cup of coffee while I get your paperwork started or a cold drink?
By the way--I will go into the closing techniques in later posts (the drink close and the title close) so make sure you come back once in a while!
Here's a fun one...You tell someone that their trade is worth $5000 and they want their payoff which is $9500. You: Jim, they appraised your car for $5000. Do you want a cold drink or a cup of coffee while...
(They butt-in): Man--that's low! (A concern)
(You): It may seem low but you have to understand that your car is 8 years old and has 87,000 miles on it and we have to fix that dent before we can sell it. What happened anyways?
(Them): I hit a deer. Marv--I need my payoff or I can't trade. (now an objection! Whoops!)
(You): Jim--a payoff has no bearing on what a car is worth. If you owed $100 dollars on your car, would you expect to only get a hundred bucks for it?
(Them): No...
I might even lay a little feel-felt-found on them! I know how you feel. I felt the same way the last time I traded--my car was worth $5000 and I owed $10,500 on it. I had to roll the extra $5500 into my lease but I found that after it was all set and done, I was happy with my new car and glad to get rid of the old one (True story by the way...)
OK--now for the big one--the evil excuse--probably the toughest one to handle because you don't want to pop out and call your customer a liar.
I need to check with my dog before I can buy.
First of all, don't ever come back with, "I'll tell you what--let me call my dog and see if I can sell you the car!" You will do nothing but piss off the customer and you will not sell them!
I play a lot of poker and at this point, I lay my cards on the table.
Mr. Customer, I have been selling cars for a long time and I have had a lot of people tell me that exact same thing and you know what I've learned? I've learned that sometimes people say that they need to check with their dog but that really they don't because something is bothering them and keeping them from buying a car from me. Sometimes it is the car itself, something I said or did or it is the price. May I ask if one of those things are the real reason you won't buy the car from me?
If they answer the question, you have the real objection and you can then isolate and overcome it.
I love when a customer pops an excuse on me--it tells me that they might really be interested in the car! I also love when they think they are being so slick and that I have never heard that excuse before. I need to sleep on it! or the ever popular, I never buy at the first place I stop at. Or how about one I heard a lot in the deep south, I need to talk to my banker first.
No matter what they say, use the technique--sometimes an excuse can be a real concern and sometimes people really want to talk to their dog first but if you can week out the ones who are just making excuses, you will sell more cars.
Please visit my website at www.CarSalesAssistant.com for the best follow-up software designed especially for car salespeople. Thanks and I look forward to sharing more techniques with you in the future.
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