Selling Is All About "Lowering Risk"...
- Date: 2006-12-01 - Word Count: 541
Share This!
Selling is all about getting people to change and change always involves risk. Generally, when given a choice, most people will always choose to not change. People are creatures of habit and change requires them to break old habits and create new ones. What makes selling difficult is the fact that it requires you to work against human nature by getting people to change (and you thought this was going to be easy!).
If you think about it, much of the resistance (objections, stalls) you will encounter in sales is a function of risk. Most people will resist change if they believe that the risk they take to change is greater than the risk they will experience by deciding to not change. The old belief "better to live with the devil you know, than the devil you don't know" is what makes it difficult to create the inertia you need to get people to change. It is a powerful force that we will all have to deal with.
So, how do we lower risk, or at least lower the perception of risk, to get more people to take the risks they need in order for us to sell. Two critical strategies come to mind for us to consider:
1. Identifying and clearly understanding your prospects problems will lead them to believe that through your understanding, it is less likely that you will sell them a solution that will not work. Asking questions that give you a full understanding of their situation will help to alleviate their fear of risk.
2. Helping them to understand that the "discomfort" that exists now (consequences, circumstances of staying the same) will be diminished by their willingness to go through the "discomfort" of change. Again helping them to overcome the perceived risk.
The first strategy requires us to be good at "information gathering" questions. Questions like:
* Tell me more about the problems that you are experiencing?
* How long have you had this these problems?
* What have you done to try to solve them?
* How did that work?
* Specifically, what impact or consequences do they have on you and your company?
* Do the problems cost you/your company any money?
* What happens if you don't fix them?
As you gain information you create the belief that through the information you have gained it is more likely that you will deliver a recommendation that will work…hence, lowering risk (you may also find this is a good strategy that helps to differentiate you from your competition).
The second strategy requires us to ask "consequence" questions. Questions like:
* What happens if this doesn't get fixed?
* Is this something you can live with?
* How would not being able to solve the problems affect you personally?
* Who else is affected by these problems?
* Maybe it's something you really don't need to worry about?
These questions help the prospect understand that not solving the problem may actually be a bigger risk then the risk they will need to take to change. They are often exactly the questions that you need to create the inertia for change.
Your ability to ask both of these types of questions will help you and your prospect understand and limit the risks involved in changing. Lowering risk is one of the keys to being successful in sales!
If you think about it, much of the resistance (objections, stalls) you will encounter in sales is a function of risk. Most people will resist change if they believe that the risk they take to change is greater than the risk they will experience by deciding to not change. The old belief "better to live with the devil you know, than the devil you don't know" is what makes it difficult to create the inertia you need to get people to change. It is a powerful force that we will all have to deal with.
So, how do we lower risk, or at least lower the perception of risk, to get more people to take the risks they need in order for us to sell. Two critical strategies come to mind for us to consider:
1. Identifying and clearly understanding your prospects problems will lead them to believe that through your understanding, it is less likely that you will sell them a solution that will not work. Asking questions that give you a full understanding of their situation will help to alleviate their fear of risk.
2. Helping them to understand that the "discomfort" that exists now (consequences, circumstances of staying the same) will be diminished by their willingness to go through the "discomfort" of change. Again helping them to overcome the perceived risk.
The first strategy requires us to be good at "information gathering" questions. Questions like:
* Tell me more about the problems that you are experiencing?
* How long have you had this these problems?
* What have you done to try to solve them?
* How did that work?
* Specifically, what impact or consequences do they have on you and your company?
* Do the problems cost you/your company any money?
* What happens if you don't fix them?
As you gain information you create the belief that through the information you have gained it is more likely that you will deliver a recommendation that will work…hence, lowering risk (you may also find this is a good strategy that helps to differentiate you from your competition).
The second strategy requires us to ask "consequence" questions. Questions like:
* What happens if this doesn't get fixed?
* Is this something you can live with?
* How would not being able to solve the problems affect you personally?
* Who else is affected by these problems?
* Maybe it's something you really don't need to worry about?
These questions help the prospect understand that not solving the problem may actually be a bigger risk then the risk they will need to take to change. They are often exactly the questions that you need to create the inertia for change.
Your ability to ask both of these types of questions will help you and your prospect understand and limit the risks involved in changing. Lowering risk is one of the keys to being successful in sales!
Related Tags: selling, sales, risk, strategy, habits, resistance
John E. Hirth, is President and founding principal of Selling Dynamics, a sales force development, sales training and sales process consulting firm dedicated to increasing sales revenue and corporate profits. Email: jeh@sellingdynamics.com Website: http://www.johnhirth.com
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Sell Your Stuff Online, Earn Money and Wave Goodbye to Recession Blues
Love it or not, you'll witness signals of global recession - declining value of the greenback, redu - The Components of a Strong Direct Mail Campaign
Here is a quick list of what should go into a direct mail campaign to get great results.1. Create u - Call Centre Outsourcing- Best Way To Get Quality Rich And Cost Effective Work
Call centres have become a very important aspect of any business. Call centres are required to provi - Features of an Interactive Web Site Design
Interactive web site designs are in huge demand nowadays. Everybody wants a website that is both ap - Business, Necessary tips that will help you during the change of spark plugs of your vehicle
Spark plug is an item that is quite small in size but a vehicle cannot run without a spark plug. - Free Annual Credit Report: Access It For Your Financial Well Being
There are ample chances of making financial mistakes, particularly when you are ignorant about the i - Business, Tips how you can become a successful Copywriter
To be successful in any business, you need to master a few of the most important factors that he - The Economic Situation of the Oil
The oil and gas industry, including exploration and production, consists of about 7,000 companies w - Rail Industry - 500 Years of Transport
During the early 1820's, as Britain experienced a massive trade-boom, it became apparent that the e - Make Money Online by Selling Your Stuff
The unfortunate news is, global recession is prevalent and any thinking human being has to act now.
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a

