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Advanced Sales Techniques and Overcoming Objections

Jul 5, 2024

Sales Presentation Notes

Introduction

  • Speaker discussing the process of handling objections from prospects.
  • Interaction with audience members on stage to role-play responses to objections.
  • Emphasis on the importance of how competitors respond to similar objections and being aggressive yet natural in approach.

Key Concepts in Sales

Sales and Selling Defined

  • Relationships: Building a connection with prospects.
  • Information: Providing relevant details to the prospect.
  • Solutions: Offering solutions to the prospect's problems.
  • Trust: Building credibility and trust with the prospect.
  • Change: The essence of sales is change—getting prospects to view change as less risky than staying in their current situation.

Human Behavior and Change

  • Humans do not like change, especially when initiated by high-pressure sales tactics.
  • Human behavior prefers familiar situations over unknown changes.
  • Overcoming fear of change involves selling the results of the product/service, not just the product/service itself.

Competitive Advantage in Sales

  • Differentiation through communication is crucial.
  • Knowing what to say, how to ask questions, and how to engage prospects is vital.

Three Key Steps for Successful Selling

1. Problem Finder and Problem Solver

  • Do not be a product pusher; identify and solve problems.

2. Asking the Right Questions at the Right Time

  • Tonality affects how questions are perceived.
  • Types of tones to use: Curious, Confused, Challenging, Concerned.

3. Eliminating Sales Resistance

  • Lower sales resistance to gain the prospect's trust.

Speaker’s Background and Experience

  • Speaker’s journey from a struggling sales student to a successful sales professional making seven figures yearly.
  • Importance of acquiring advanced sales skills and knowledge.

Human Communication Styles

Early Communication Styles

  • Boiler Room Selling: Aggressive and least persuasive.
  • Consultative Selling: Logical but still lacks emotional connection.

New Communication Style

  • Neuro-Emotional Persuasion Questioning (NEPQ): Brings out emotions, triggers emotional drivers, and helps prospects persuade themselves.
  • Scenarios and Questions: Use a variety of questions to uncover deeper issues and emotional needs.

Sales Techniques and Strategies

Handling Objections

  • Use a neutral, unbiased tone to avoid triggering resistance.
  • Downplay the call and be empathetic to raise your status.
  • Get them to engage by appearing less assumptive.

Importance of Tonality and Body Language

  • Different tones for different questions (Curious, Concerned, Challenging).
  • Use body language to enhance the emotional tone of your questions.

Detailed Sales Process

  • Starting the Conversation: Establish rapport by reducing perceived sales pressure.
  • Mid-Conversation Adjustments: Use statements and questions to plant the idea of a lower offer without triggering resistance.
  • Ending the Conversation: Use tone and body language to let the prospect's guard down and feel understood.

Final Thoughts

  • Avoiding traditional “always be closing” mentality in favor of “always be disarming.”
  • Introduction of a new cold calling script strategy using NEPQ.

Takeaways and Actions

  • Focus on acquiring right skills and strategies to overcome sales objections.
  • Resources: NEPQ Black Book of Questions and further training materials available through provided QR code.

Conclusion

  • Emphasize the importance of continuous learning and skill acquisition.
  • Sales success is tied to understanding and utilizing advanced selling techniques.