Fear of Failure
There are several other reasons why the end game of selling is stressful and difficult. First and foremost is the fear of failure experienced by the prospect. Because of negative buying experiences in the past, over which you could have no control, prospects are conditioned to be suspicious, skeptical and wary of salespeople and sales approaches. They may like to buy, but they don't like to be sold. They are afraid of making a mistake. They are afraid of paying too much and finding it for sale cheaper somewhere else.
Fear of Criticism
They are afraid of being criticized by others for making the wrong
buying decision. They are afraid of buying an inappropriate product and
finding out later that they should have purchased something else. This
fear of failure, of making a mistake in buying your product, is the
major reason why people object, hesitate and procrastinate on the
buying decision.
Fear of Rejection
The second major obstacle to selling is the fear of rejection, of
criticism and disapproval experienced by the salesperson. You work long
and hard to prospect and cultivate a prospective buyer and you are very
reluctant to say anything that might cause the prospect to tune you out
and turn you off. You have a lot invested in each prospect and if you
are not careful, you will find yourself being wishy-washy at the end of
the sale, rather than risking incurring the displeasure of the prospect
by your asking for a firm decision.
Customers Are Busy
The third reason why the end of the sale is difficult is that
customers are busy and preoccupied. It isn't that they are not
interested in enjoying the benefits of your product. It's just that
they are overwhelmed with work and they find it difficult to make
sufficient time available to think through your recommendations and
make a buying decision. And the better they are as a prospect, the
busier they tend to be. This is why you need to maintain momentum
throughout the sales process and gently push it to a conclusion at the
appropriate time.
Inertia is Hard to Break
The factor of inertia is the fourth reason that can also cause the
sales process to come to a halt without a resolution. Customers are
lazy and often quite comfortable doing what they are currently doing.
Your product or service may require that they make exceptional efforts
to accommodate the change or a new way of doing things. They perhaps
recognize that they would be better off with your product, but the
trouble and expense of installing it hardly seems to make it worth the
effort. They see no pressing need or urgency to stop doing what they
are doing and start doing something else with what you are selling.
Everyone Buys at the Same Time
The good news is that everybody you meet has bought and will buy, new
products and services from someone, at some time. If they didn't buy
from you, they will from someone else. You must find the way to
overcome the natural physical and psychological obstacles to buying and
then hone your skills so that you are capable of selling to almost any
qualified prospect you speak to.
Action Exercises
Now, here are two things you can do immediately to put these ideas into action.
First, recognize the normal fear of making a buying mistake experienced
by the customer. Give him every reason you can think of to be confident
in dealing with you.
Second, accept that everyone you talk to is busy and you are
interrupting. Always ask if this is a good time for him to give you his
undivided attention. If not, arrange to see him another time.
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