Professional Documents
Culture Documents
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The Core Principles: Closing
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What Is Closing Within Sales Process?
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Reading Buying Signals
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©Business Images/Shutterstock
What Makes a Good Closer?
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The Sales Process: Trial Close Before The Close
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©Amble Design/Shutterstock
How Many Times Should You Close?
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©Abel Mitja/Getty Images
Difficulties With Closing 2
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What Should You Know About
Closing Techniques?
Use a closing technique that fits the situation
Some salespeople practice multiple closing techniques
• Each designed for a specific situation
• Preparation provides salesperson with confidence and
opportunity to close the sale
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Closing Techniques Common Closes & Specialty Closes
Specialty Closes
Common Closes (Specific Situation)
• Summary-of-benefits close • Assumptive close
• Direct close • Alternative-choice close
• The question close • Minor-points close
• The probability close • Compliment close
• The negotiations close • Standing room only close
• The technology close • Continuous-0yes close
• Using visuals to close • T-account or balance-sheet
close
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Summary of Benefits Close
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Summary of Benefits Close Example
Example:
Salesperson: Ms. Stevenson, I’d like to recap our discussion. At the beginning of our
discussion, you mentioned that any new product needed to meet your profit margin
goals. Our new product delivers 48 percent. You also mentioned fast delivery. And I can
commit to you that you will have the product in your distribution center within three
weeks of the initial order. Finally, you mentioned you needed your vendors to provide
favorable credit terms, and our firm offers a generous 2/30 net 90 payment policy. Am
I missing anything? [Summary and trial close.]
Prospect: No. Those are the areas that I need for a new product.
Salesperson: With the number of customers in your store and our expected sales of the
products due to normal turnover, along with our marketing plan, I suggest you buy
[state the products and their quantities]. This will provide you with sufficient quantities
to meet customer demand for the next two months, plus provide you with the profit
you expect from your products. I can have the order to you early next week. [Now wait
for her response.]
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Direct Close 1
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Direct Close 2
Examples:
Salesperson: “Do you feel comfortable moving forward
and signing the agreement now?”
or
Salesperson: “Well, the next step in the process would
be sign the agreement and begin the implementation
process. Shall we move forward at this time?”
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Question Close 1
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Question Close 2
Example
Salesperson: “It sounds like you feel comfortable moving forward
with this recommendation. How do you suggest we proceed in
moving this opportunity forward through the organization?
Whom do we need to include in our next meeting?”
or
Salesperson: “With all of this information, is there anything else I
can answer or shall we move forward with the purchase order?”
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Probability or Rating Close
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Probability or Rating Close Example
Example:
• Salesperson: We have covered a great deal of information in this discussion. If I may, I’d like to
propose that we take the three major elements of this proposal and ensure you are
comfortable with them. Would this be acceptable to you?
• Customer: That sounds great.
• Salesperson: Fantastic. Now in terms of the promotional campaign, I’d like to understand your
thoughts. On a scale of 1 to 10, how does the proposed campaign meet your business
objectives in terms of driving the sales you need to meet your quarterly revenue numbers?
• Customer: I really like the heavy investment of in-store promotions. This is exactly what I want
my vendors to enact. I give it a 9.
• Salesperson: Great. Now, let’s transition to the implementation plan, primarily focused on the
distribution timelines. We mentioned that your distribution centers can have the product
within 11 business days of the first order date. Based on this timeline, what are your thoughts
on a scale of 1 to 10 of this meeting your internal requirements?
• Customer: About a 6, I’d ideally like it in the distribution centers within 9 business days.
• Salesperson: Okay, this sounds like something we should discuss before we move forward.
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Negotiations Close 1
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Negotiations Close 2
Example:
• Salesperson: “Why don’t we compromise? You know
I am unable to offer you a discount, but I am more
than happy to defer billing until the end of the
month. Would you be willing to move forward with
the agreement using these terms?”
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Technology Close
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Technology Close Example
Example
• Salesperson: “I’m delighted that our solution meets the financial objectives you
need to accomplish [transition]. Now, I’d like to review the opportunity to execute
this solution within your firm.
• I’ve developed a potential timeline for the implementation process. As you can
see, if we move forward on this agreement today, the first action item will be
completed within one week. During this time, we meet with your technology
group to learn about your existing technology and manufacturing system.
• The next step is the integration period. This will require a two week testing period
and a two week integration period. In summary, a signed agreement allows us to
integrate the total solution within a six week time period and allows your team to
begin capturing cost savings.
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Visual Aids Focusing on Your Solution’s Action
Plan 2
Example:
• Salesperson: I’m delighted that our solution meets the financial objectives you
need to accomplish [transition]. Now, I’d like to review the opportunity to execute
this solution within your firm.
• I’ve developed a potential timeline for the implementation process. As you can see,
if we move forward on this agreement today, the first action item will be completed
within one week. During this time, we meet with your technology group to learn
about your existing technology and manufacturing system.
• The next step is the integration period. This will require a two week testing period
and a two week integration period. In summary, a signed agreement allows us to
integrate the total solution within a six week time period and allows your team to
begin capturing cost savings.
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Assumptive Close
Example:
• Salesperson: “This is my recommendation for the product
assortment and quantities that I suggest you need this month.
I’d like to move forward with the order today.”
Or
• Salesperson: “I’d like to send the following items to your
distribution centers by the end of the week.”
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Alternative-Choice Close 1
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Alternative-Choice Close 2
Example:
• Salesperson: “Would you prefer the Xerox 6200 or 6400?”
• Or
• Salesperson: “Which do you prefer—our current version of
software or the version with the upgraded features?”
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Minor-Points Close 1
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Minor-Points Close 2
Example:
• Salesperson: “Are you interested in buying or leasing our
equipment?”
Or
• Salesperson: “Would you like to install the 18- or the 24-
camera system?”
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Compliment Close
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Compliment Close Example
Example:
• Salesperson: Obviously, you have a wealth of experience within the grocery business. You
have every square foot of your store creating strong revenue gains and providing substantial
profit levels.
• Ms. Stevenson, our products also will assist your store and your personal goals of increasing
profitability. In fact, our profit will exceed your store’s average profit-per-square-foot by 25
points.
• And, the inventory turnover is 1.5 times greater than the average product in the competitive
set. This added benefit of high turnover will further increase your cash flow—which you have
said is important to you. [He pauses, and when there is no response, he continues.]
• Given the number of customers coming into your store, and our expected sales of these
products due to normal turnover, along with our marketing plan, I’d like to recommend that
you purchase [he states the products and their quantities]. This will provide you with sufficient
quantities to meet your customers’ demands for the next two months, plus provide you with
the expected profit from your products. [Now he waits for the response or again asks for the
order using the alternative choice or assumptive close.]
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Standing Room Only Close 1
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Standing Room Only Close 2
Example:
• Due to the increasing costs of commodities, the cost of this
equipment will increase 10 percent next week. Would you
consider writing the purchase order today so you can avoid
the price increase that goes into effect next week?
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Continuous-Yes Close 1
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Continuous-Yes Close 2
Example
• Salesperson: Ms. Stevenson, I’d like to review with you some key elements of our discussion
to ensure I’m meeting your needs. First, you mentioned that the quality of our products met
your firm’s quality expectations. Is that safe to say?
• Prospect: Yes, that’s right.
• Salesperson: And you also mentioned that our delivery schedule aligns with your key time
periods for stocking. Is that correct?
• Prospect: Yes, it does.
• Salesperson: Finally, you mentioned that profit productivity and financing terms were also key
requirements. Would it be safe to say that the product’s profit margin and credit terms align
with your needs?
• Prospect: That’s correct.
• Salesperson: Ms. Stevenson, our quality products, fast delivery, profit margin, and good credit
terms will provide you with an excellent profit. With the large number of customers you have
coming into your store, [salesperson completes the close as done in the summary-of-benefits
close].
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T-Account or Balance Sheet Close
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Prepare a Multiple-Close Sequence 1
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Prepare a Multiple-Close Sequence 2
Example:
• Begin with a summary close
• If the buyer says no, rephrase the objection and
then use an alternative-choice close
• If the buyer says no again and does not give a
reason, you could use the five-question sequence
method for overcoming objections
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Closing Begins the Relationship
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The Last Key to Successful Closing is to
“Leave the Door Open”
Act as a Professional. How Can That Be Done?
• Always place the customer’s needs first
• Treat a customer as you would your grandmother
• Be a person of character, integrity, and trustworthiness
• If your product will help the person, then you will be back
another day
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Which Closing Technique Should I Use?
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Each Closing Technique We Reviewed…
Is different
Can be used with other closing techniques
Helps you be a better communicator
Helps you better serve others
Should be carefully studied
7-49
Assume You Have Completed Your Presentation
and are Getting Ready to Close 1
You remember to use a trial close before you ask the
person to buy – if objections or questions arise, what
phase of the prospect’s mental steps is the buyer
probably in?* (Choose one)
• Attention
• Interest
• Desire
• Conviction
• Purchase
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Assume You Have Completed Your Presentation
and are Getting Ready to Close 2
The buyer is in the desire stage
Which stage should the buyer be in before you close?*
(Choose One)
• Attention
• Interest
• Desire
• Conviction
• Purchase
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Assume You Have Completed Your Presentation
and are Getting Ready to Close 3
Ideally, the salesperson should wait for signs that the
person is in the conviction stage because a buyer in this
stage typically:
• Has a strong conviction that you can be trusted
• Feels the product will fulfill needs or solve problems
• Will reveal real concerns due to trust
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If You Close and Receive an Objection,
What Should You Do?
Find out what the objection is
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After You Find Out What the Objection Is
And Answer It, What Should You Do Next?
Ask a trial close to determine if you have overcome the
objection
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If You Have Closed, Had an Objection Arise and
Effectively Handled the Objection, What Should You Do Next?
Close again!
This is why you need a multiple-closing
sequence
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When You Do Not Make the Sale
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Research Reinforces These Sales Success
Strategies
Common salesperson mistakes resulting in unsuccessful
sales calls
• Tells instead of sells, doesn’t ask enough questions
• Over-controls the call, asks too many closed-end questions
• Doesn’t respond to customer needs with benefits
• Doesn’t recognize needs, gives benefits prematurely
• Doesn’t recognize or handle negative attitudes effectively
• Makes weak closing statements, doesn’t recognize when or
how to close
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Can You Answer?
1. What does buying signal refer to? Why is reading buying signals is
important for salespeople?
4. What are some closing techniques that can be utilized in specific type of
situations?
5. How can using visual aids add value in the closing process?
6. What are the action steps a salesperson should take after closing?
7. What are the five skills that salespeople should learn and use to improve
their selling success rate?
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Keys to Improved Selling
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