Closing Techniques For Every Salesperson

Closing techniques to finalize a sale should be understood by every salesperson. In the dynamic and competitive realm of sales, the ability to close a deal is the ultimate measure of success. The closing stage represents the culmination of a series of interactions, negotiations, and relationship-building efforts between a salesperson and a potential customer. However, closing a sale is often easier said than done. It demands finesse, adaptability, and a range of proven techniques to effectively persuade the customer to commit. In this article, we delve into five indispensable closing techniques that every salesperson should equip themselves with, empowering them to achieve stellar sales outcomes.

Imagine yourself confidently assuming that the deal is sealed before actually receiving the customer’s final affirmation. The assumptive closing techniques leverages this mindset to nudge the customer towards making a decision. By subtly embedding the assumption of a successful sale within your conversation, you encourage the customer to embrace the idea that the transaction is a natural progression.

 

 

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The key to the assumptive close is striking a balance between confidence and subtlety. Phrases such as “When would you like us to deliver your new product?” gently guide the customer towards agreeing to the deal. This technique thrives on the foundation of trust you’ve established throughout the sales journey and your unwavering belief in the value your product or service brings.

2. The Value-Driven Ben Franklin Close: Balancing Pros and Cons

Drawing inspiration from the wisdom of Benjamin Franklin, this technique capitalises on the psychological impact of assessing pros and cons. By constructing a visual representation of the customer’s concerns and the corresponding benefits your offering provides, you empower the customer to make a well-informed decision.

To execute the Ben Franklin Close, sketch a simple two-column table. On one side, list the customer’s apprehensions or doubts. On the other side, outline the benefits and solutions your product or service presents to address these concerns. This technique triggers the customer’s cognitive processes, helping them recognize the overwhelming advantages that align with their needs.

3. The Urgency Close: A Call to Immediate Action

Creating a genuine sense of urgency can significantly influence a customer’s decision-making process. The urgency close technique harnesses this psychological phenomenon, compelling customers to act promptly due to a fear of missing out on a valuable opportunity.

Legitimate urgency drivers such as limited-time promotions or dwindling product availability can be incorporated to instil urgency. For instance, “This exclusive discount is available only until the end of the week.” By imparting a time-sensitive element, you motivate customers to act swiftly, ensuring they don’t lose out on a beneficial deal.

Ethical implementation of the urgency to close a sale is crucial to maintain your credibility. False urgency closing techniques only serve to erode trust and tarnish your reputation over time.

4. The Empowering Choice Close: A Sense of Ownership

Empowerment lies at the core of the choice close technique. By offering the customer two appealing options, both leading to a successful sale, you provide them with a perceived sense of control over the decision-making process.

When employing the choice close as a closing techniques option, you present two distinct yet attractive options. For example, inquire, “Would the standard package suit your needs, or would you prefer the premium package?” This technique removes the binary pressure of a yes-or-no decision, allowing the customer to actively choose the option that best aligns with their preferences.

 

 

5. The Recapitulative Summary Close: Reinforcing Value

As the sales interaction reaches its pinnacle, the summary close technique emerges as a powerful tool to reiterate the value proposition. By succinctly summarising the key points of the conversation and reaffirming the customer’s requirements, you reinforce the connection between their needs and your solution.

Craft phrases like, “Considering our discussion, it’s evident that our product’s features X, Y, and Z align seamlessly with your needs of solving problem A and achieving goal B.” The summary not only underscores your attentiveness but also positions your offering as the ultimate answer to the customer’s quest.

6. Be an Effective Negotiator

Your role as an effective negotiator is to anticipate and uncover which interest is governing the actions of your buyer or customer. In other words, what lies at the core of their behavior? The opening offer, the position, and demands all flow from these interests. Very often, people will stubbornly defend their rigid positions because one of their core interests is not met or they feel that it is threatened. Loss aversion  and change management are very strong motivational factors. In such moments, the ego takes the steer. If you want to succeed in a negotiation, as part of your closing techniques learn how to identify what people really crave, and then find a creative way to give it to them without compromising on your own negotiation goals. Your negotiation partners will never forget how good it felt to do business with you, how well understood and respected they felt.

Keep in mind for your next negotiation that a good negotiator can hear the ego speak, a great negotiator can hear it whisper.

7. Understand Where the Buyer is on Their Journey

Your understanding of the buyers’ stage within their buying journey is critical for several reasons. First, where the buyers are within their buying journey changes as they progress from stage to stage. Decision science informs us that people are generally risk averse and are twice as likely to make a change to avoid pain rather than achieve gain. This is especially true early in the buying journey when the buyers have not yet determined if a change is even needed.

Once the buyers move beyond the ambivalence about whether to change, their perspective moves toward one of gain—that is, how they stand to improve by making a change. The most important aspect is always to understand how buyers buy, what motivates them at each stage, and how to plan and execute sales conversations differently at different stages. If you don’t understand the fundamentals of a buying journey, it is highly unlikely that you can understand that different buying situations involve different buying journeys. Again, there is no one-size-fits-all approach to selling. How you as a seller plans and executes the best sales calls depends upon where the buyers are within their buying journey.

In Conclusion: Mastering the Art for Lasting Success

Mastery of closing techniques constitutes a pivotal sales skill for any adept salesperson. The prowess to successfully guide a potential customer towards a final decision hinges on comprehending their unique needs, skilled communication, and adept persuasion. While the Assumptive Close, Value-Driven Ben Franklin Close, Urgency Close, Empowering Choice Close, and Recapitulative Summary Close stand as invaluable tools, their effectiveness is intertwined with ethical implementation and genuine customer care. The objective transcends mere transactional success; it lies in fostering enduring relationships rooted in trust, value, and mutual gain. By honing and personalising these closing techniques according to diverse scenarios, sales professionals with some help from sales training can elevate their success rate, nurturing a trajectory of sustained achievements.

Categories: Sales Training