Chapter 9
Winning Closing Techniques

In addition to the word‐for‐word scripts to the specific objections provided earlier, there are other strategies and techniques that every top producer knows and uses almost intuitively. By learning the following six proven techniques, and weaving them into your closing presentations, you will gain confidence and more control over the selling process. You will also avoid the routine problems other sales reps create, and you will learn even more ways of getting buy‐in throughout your presentation and of persevering to win the sale. As always, don't just read the following techniques, study them, and work to incorporate them into your closing repertoire of skills. The more skillful you get, the easier closing will become, and the more sales and money you will make.

How to Use Tie‐Downs to Build Momentum

I don't know why tie‐downs aren't used more by sales reps selling over the phone. They serve several crucial functions, one of which is getting confirmation that the point you just made was understood and accepted by your prospect. This is especially important when selling over the phone, as you don't have the visual clues that tell you how your pitch is going. Using tie‐downs frequently, however, give you this information and also give you the confidence to move on to the next part of your pitch.

Using tie‐downs is also instrumental in building that all‐important “yes momentum.” If the prospect keeps agreeing with you, then you can feel confident at the end of your pitch in asking for the sale. This eliminates the drama and uncertainty that often accompanies the end of a presentation. Wouldn't you want to know in advance the likely direction a prospect will go when you finally ask for the sale? Tie‐downs scattered throughout your presentation will give you this crucial insight.

Tie‐downs also give your prospect a chance to engage with you, because when you use one you actually have to wait for them to respond. Listening to what a prospect responds with—and how (tone, inflection, pacing) he/she responds—gives you important feedback as to how your presentation is going. Often, if you hear hesitation or boredom or disbelief in your prospect's voice, you can stop your presentation and address it. Doing this keeps you and your prospect in sync and makes it much easier for you to confidently ask for the sale at the end.

Using tie‐downs also gives you control over the flow of the call. I cannot tell you how many sales reps I listen to who get manhandled by prospects who immediately take control of the call by firing questions at them. The sales rep becomes passive, and after the prospect gets all the answers he or she needs, they move to end the call and think about it. This gives all sales reps a sick feeling, and many reps feel used after a call goes this way. It is easy to turn this around—just finish your answer by asking a question of your prospect. Remember, whoever asks a question is in control of the call.

There are many other valuable reasons for using tie‐downs, but let us look at some of the most effective ones now and go over the situations in which they work the best:

Situation 1: Whenever your prospect asks you a buying question (and any question a prospect asks you is a buying question), and you answer it, you must use a tie‐down. For example, if a prospect asks you how much something costs, after you give them the price, you absolutely must use a tie‐down. Any of these work well.

Buying Question Tie‐Down

Price tie‐down 1:

“How does that price sound?”

Price tie‐down 2:

“Is that what you were looking to spend today?”

Price tie‐down 3:

“How does that compare with what you are paying now?”

Price tie‐down 4:

“Is that within your budget?”

Price tie‐down 5:

“That is a great value today, and I would take as many as I could at that price—how many should I ship you today?”

(Okay, that's a close, but I couldn't help myself! Do you see how tie‐downs can lead to a close?)

If a prospect asks a question about a feature or a benefit, use any of the following.

Benefit Question Tie‐Down

After delivering a benefit tie‐down 1:

“Do you see how that works?”

After delivering a benefit tie‐down 2:

“What do you think of that?”

Layer:

“Oh?”

(Then hit mute and force them to elaborate.)

After delivering a benefit tie‐down 3:

“How would you use that?”

After delivering a benefit tie‐down 4:

“Do you understand how that would help in your environment?”

After delivering a benefit tie‐down 5:

“I think that is a great benefit—how about you?”

If a prospect makes a statement that seems negative, use the following.

Negative Statement Tie‐Down

Negative follow‐up tie‐down 1:

“How did you come to that?”

Negative follow‐up tie‐down 2:

“Compared to what?”

Negative follow‐up tie‐down 3:

“What do you mean exactly?”

Negative follow‐up tie‐down 4:

“How does your current vendor handle that?”

Situation 2: Use tie‐downs throughout your presentation. Most sales reps power through their presentations and use far too few tie‐downs or check‐ins. If they do use them, they are usually closed‐ended, which leads their prospect to reveal little. Use these more open‐ended tie‐downs to engage and learn crucial buying motives.

Presentation Tie‐Downs

Tie‐downs during your presentation 1:

“That is how we drive the leads. Now, tell me about how you would get the most out of this.”

Tie‐downs during your presentation 2:

“That is one of our biggest selling points. Tell me: How would this affect how you are currently doing things?”

Tie‐downs during your presentation 3:

“Do you see how this works?”

Layer:

“How might this affect you?”

Tie‐downs during your presentation 4:

“Are you with me there?”

Layer:

“What questions do you have?”

Tie‐downs during your presentation 5:

“That is a nice feature, don't you think?”

Layer:

“How would that work for you?”

Tie‐downs during your presentation 6:

“Is this sounding like it might work for you?”

(Okay, there I go again! Do you see how after a few tie‐downs, it is just natural for you to start using trial closes?)

Tie‐downs during your presentation 7:

“What do you think of this so far?”

Tie‐downs during your presentation 8:

“Would this work at your location?”

Layer:

“How many other locations would this work for?”

Tie‐downs during your presentation 9:

“How many other departments would want one of these as well?”

Tie‐downs during your presentation 10:

“That is pretty special, isn't it?”

Tie‐downs during your presentation 11:

“Do you see why this is so popular?”

Tie‐downs during your presentation 12:

“Tell me, would that fit into your budget?”

Tie‐downs during your presentation 13:

“Most people like this. How does it sound to you?”

Tie‐downs during your presentation 14:

“Will that work for you?”

Layer:

“Tell me how”

Tie‐downs during your presentation 15:

“What else do you need to know?”

Tie‐downs during your presentation 16:

“What other area are you interested in?”

Tie‐downs during your presentation 17:

“Would that be a deal killer for you?”

Layer:

“And what would be the workaround for that?”

Tie‐downs during your presentation 18:

“Would that be enough for you to move forward with this?”

Tie‐downs during your presentation 19:

“Tell me: How close are you to wanting to move forward with this?”

(There I go again!)

Let me reiterate that using tie‐downs gives you the nonverbal information you don't have because you can't see your prospect's reaction (because you are selling over the phone). Therefore, it is critical for you to begin using more of the preceding tie‐downs during every conversation. Remember, the more you can get your prospect talking, the more you will learn what it will take to close the sale.

Too Many Options? Narrow It Down to Get the Sale Now

If you sell a product or service with many add‐ons and options or choices, then it is easy for your prospect to get overwhelmed and want to think about it. Many sales reps actually make it harder for buyers to decide because they keep pitching (instead of closing) and so complicate the sale even further. This is called talking past the close, and besides stalling or delaying making a decision, it can also lead to introducing new objections. This is not what you ever want to do.

You want instead to simplify the sale and make it easy for your prospect or customer to buy something now, rather than putting the decision off. Here are some ways you can do that. As always, take some time to customize these to fit your product or service.

Narrow It Down

Narrow the options down 1:

“Now I may have made this harder on you than I should have. Let's look at the basic package again, the [restate the easiest offer], and let me ask you: Will this do most of the things you are looking at this to do for you?”

Narrow the options down 2:

“It is easy to get overwhelmed by all the choices and combinations, so let me make this easy for you: most people in your position go for our basic package because they find it does everything they need it to do. And, of course, you can always upgrade later should you have the need.

“So let's do this”

Narrow the options down 3:

“I'm getting the feeling we've gone over too many options, and it would probably be easier for you if we just took half of these away. Which features don't you feel you need?”

Narrow the options down 4:

“I know it is easy to go back and forth on some of these combinations, so let me ask you: Is this a toss‐up decision, or are you leaning toward one more than the other—and if so, which one is it?”

Narrow the options down 5:

“_________, let's step back here for a moment. You don't have to get the package that has all the bells and whistles, unless you really want to, of course. So tell me, which one of these are you leaning toward?”

Narrow the options down 6:

“You know, going through all the possible options and combinations could take you hours and hours. You don't have to do that now. Instead, let's break this down to your absolute must‐haves: Which features can't you live without?”

Narrow the options down 7:

“If you had to pick one package or combination over another, which would it be?”

Narrow the options down 8:

“With all of these options you are going to get our (warranty, performance, delivery, and so forth), so any package you pick is going to work well for you. Tell me, what are you leaning toward right now?”

Narrow the options down 9:

“_________, let's make this simple and get you started with the basic package for now. That way you can see how this works for you, we can get into a relationship, and later, down the road, if you want to expand your coverage, you can. At least in the meantime you are not missing out on these results.”

Narrow the options down 10:

“Let's do this: let's take the premium package so you won't have to worry later that you are missing out on something you wish you had gotten in the beginning. With this package, you will get everything you need.”

Having these closes handy when you feel your prospect slipping away, or is having a hard time making a decision, could very well save the sale for you.

Boost Your Sales by Using This One Word

Catchy title, huh? “Boost your sales using just this one word.” Wouldn't it be nice if there was just one magic word that could really increase your sales?

There is!

Before I tell you what it is, though, let me give you a brief background on how I discovered it. Years ago, when I was struggling to make sales, I found a bad pattern had developed in regard to how my sales attempts were ending up. After pitching and pitching, most of my sales were being stalled with some variation of:

“Let me think about it.”

Or

“I'll have to discuss this with my partner”

Or

“Okay, why don't you get back to me in a few weeks?”

Sound familiar? It should. Many sales presentations end this way. After racking my brain for the reason, I finally began listening to how the top closers in my company were closing their sales, and, more important, how they were opening and qualifying their prospects as well.

It turns out they were all using one magic word.

The word was “today.”

And that is when I started using it as well, and it didn't just boost my sales, it catapulted them! In fact, it even had much more impact than that. It also greatly reduced the number of unqualified leads I sent out and spent hours of useless time with.

Here are some examples of how to use this powerful word “today” in both your opening and closing statements.

For Qualifying

You must qualify each prospect's timeline and set the proper expectation for the close. At the end of your prospecting or cold call, and before you schedule your demo or send your information, you must ask something like these.

While Prospecting

“Today” examples while prospecting 1:

“So, _________, I have got you on the calendar to do a walk‐through of our solution next Wednesday, and if after we're done, you really like this, is it something that you can make a decision on at that time?”

“Today” examples while prospecting 2:

“So, _________, I look forward to our demo next Wednesday, and if after we are done, you really like this, I'm going to ask you for a simple yes or no. Is that fair?”

In some situations, if you are dealing with an influencer, your question will be more about what the next steps are, what the decision maker's time frame is, how many other companies they are looking at, and so on. But if you are dealing with the owner or decision maker, you must get a firm commitment as to time frame so you can confirm a decision right after your pitch.

For Closing Calls

At the beginning of your presentation, before you go into your slide show or however you do it, you requalify by asking the following.

While Closing

“Today” examples while closing 1:

“I am excited to show you this, and at the end, if you feel this is the right solution for you, this is something you can move on today, right?”

That's it. No wishy‐washy way around it. You must set a clear expectation right from the beginning (and that means on the qualifying call) and then reconfirm it at the beginning of the close. If you have set this up on your prospecting call, then you can open this way:

“Today” examples while closing 2:

“_________, as discussed last week, I will go over everything about how this works for you, and answer any of your questions. At the end I'm going to ask you for a simple yes or no decision on this today. Okay?”

I know what you're thinking: “What if they say no?” Then you adjust your presentation to target their buying motives and start overcoming what their objection or stall is. I have written many effective scripts to help you do that, and if you want more, get a copy of my bestselling book The Ultimate Book of Phone Scripts here: http://mrinsidesales.com/ultimatescripts.htm.

Bottom line: you will make more sales faster and with less effort if you set the proper expectation on the front call and confirm it by opening your closing call using the magic word: “today.”

Try it today and see for yourself.

Ten Ways to Soften the Price Objection and Keep Pitching

Many sales reps get thrown off their pitch when a prospect objects to something early on during the close. For example, when talking about the price of a product or service, if the prospect interrupts and says something like, “Oh, that's way too much,” many sales reps don't know how to respond. Because they are not prepared with a good script, they default to ad‐libbing and this often leads them to say the wrong thing. The wrong thing in this case is to stop and try to overcome the objection.

Instead, it is often wiser to retain control of the call by acknowledging the objection and then continuing with your presentation. Doing so not only keeps you in control of the direction of the call, but it also allows you the chance to build more value. We have already gone over the various times you can handle objections, and here are some additional ways to postpone dealing with a concern or objection and continuing with your presentation.

If a price or price range is given (say, anywhere from $5,000 to $25,000), and the prospect objects with, “That's more than we want to spend,” then instead of stopping and trying to overcome the objection (which only gives control to the prospect and disrupts your momentum), you should respond with any of the following.

Soften the Price

Soften the price and keep pitching 1:

“That is only a range, and I will explain how that works in just a moment”

Then continue on with your pitch.

Soften the price and keep pitching 2:

“There are some other options, but first let me explain how this works and how it can affect you (or your company or other departments, and so on).”

Then continue on with your pitch.

Soften the price and keep pitching 3:

“Based on what you know now, it may seem like a lot, but let me get through exactly what you get for this”

Then continue on with your pitch.

Soften the price and keep pitching 4:

“_________, you obviously don't have to go with this at all, and I am not asking you to make a decision right now. Instead, let me finish explaining how this works, what you get, and how it might work for you [or your company, and so on].

“After that, you will be in a better position to decide what to do next. Fair enough?”

Soften the price and keep pitching 5:

“Let's put the budget aside for a moment and first see if this is a solution that would even work for you. What I will do is explain everything to you, answer your questions, and then we can address whether it provides the value to justify the investment, okay?”

Soften the price and keep pitching 6:

“The value this provides is quite worth the investment—as you will see. Let me finish explaining how this works and what my other clients are getting out of it. Then you can decide what—if anything—you want to do. Now”

Continue on with your pitch.

Soften the price and keep pitching 7:

“Let's put budget aside for a moment and let me show you how this can positively affect what you are spending now”

Back to your pitch.

Soften the price and keep pitching 8:

“I know at this point it might seem like a lot, but I guarantee once you understand the whole picture, you will easily see the value here”

Back to your pitch.

Soften the price and keep pitching 9:

“_________, those are only the price ranges, and what you decide to ultimately spend will be entirely your decision and based only on whether you see enough benefit to move forward. Let me show you”

Back to your pitch.

Soften the price and keep pitching 10:

“_________, until we qualify your business, we won't know what your payment options are, so let's not get ahead of ourselves. What I recommend is we go through the approval process and then you can decide if this is worth it for you or not. Fair enough?”

Remember, the point here is not to get thrown off early in your pitch just because a prospect objects to the price. Instead, you want to maintain control, build value, and get buy‐in during your presentation. You can do that by using any of the preceding rebuttals to soften the price objection.

In Sales, the Most Important Thing to Say Is. . . .

I know, it's catchy, and kind of a trick title, isn't it? When I ask audiences what they think it is, they guess things like:

“Asking for the sale!”

“When would the customer like delivery?”

“How many units do they want?”

Things like that. All these are good guesses—they are all closing questions and these are arguably the most important things to say. But the number one most important thing to say is nothing.

That's right. Remaining silent after asking a qualifying question, or a tie‐down, or a trial close, or especially after asking for the sale, is the most important thing to do. Another crucial time to say nothing is after a prospect gives an objection. This is important because if you can just give some space here before you respond, you will find that your prospect will often feel compelled to explain their reasoning or even reveal what you will need to say to overcome it. And so saying nothing during these moments is actually your most powerful tool.

The reason for this is that your prospect or customer has all the answers as to why they will buy or not buy, and if you don't remain quiet and let them tell you, you will never know what they are. The problem for 90‐plus percent of salespeople is that they want to talk instead of suffer through what they interpret as an uncomfortable silence. But it is just this silence that will always encourage your prospect to reveal more, and the more they reveal, the more insight and leverage you will have to close the sale.

So how can you get good at not saying anything? Simple: use your mute button. For most reps, the mute button is something they seldom use (do you even know where yours is?), and if they do occasionally use it, it is to put a prospect on hold to get some information or look something up. But for top sales producers, the mute button is the most powerful button on their phone. Here's how to use it:

  • First, locate it, start practicing using it—you know, get comfortable with the time delay (if any) between when you turn it on and turn it off. Reassure yourself that there is no clicking noise and that it is absolutely seamless.
  • Know when to use it. This is simple, actually. Whenever you ask a question of a prospect, hit your mute button. Do not unmute yourself until your prospect is done with their thought and done speaking.
  • In fact, put a two‐ or three‐second delay between when you think they are done and when you unmute. This is harder than it seems, but will pay dividends.
  • Special Tip Here: Contrary to what you think, your prospect does not need to hear your um's or ah's to believe you are listening. The more absolute quiet there is, the more comfortable they will feel, and the more they will talk.
  • Get in the habit of encouraging them to talk even more by unmuting yourself (after they are done) and asking, “Oh?” or “What else?” or “What do you mean exactly?” Then mute yourself again and let them continue talking.
  • Take notes while they talk. Write down any words or phrases they say and make it a point to feed these back to them later in the conversation. This will show them you are actively listening, and they will be more receptive to common words and phrases they use often.
  • The mute button is good for prospecting calls as well! Do not just use it during the close. In fact, your tip is that whenever your prospect is talking, you need to be on mute.

The treasure of information you will get by listening and not interrupting is beyond valuable.

Not only will you get the exact reasons and motives needed to close the sale (or objections to avoid or overcome), but you will get something else just as valuable: you will gain trust and confidence.

Everyone loves to be heard and loves to be listened to. Most salespeople are distrusted and disliked because they are pushy and make it seem as if it is all about them. You can immediately reverse this by becoming a great listener.

Quick Last Story: just the other day I was speaking with a new prospect and, employing the mute button, the call went for an hour and 40 minutes. The prospect probably talked for an hour and 15 minutes of that time. When the call finally ended, he told me how much he enjoyed the conversation and how much he was looking forward to the next call. And all I did was ask pointed questions and then listened while on mute. So there you have it: the most important thing to say in sales is nothing!

Ask for the Sale Five Times—at Least!

How many times have you seen a commercial (either a TV ad, a public billboard, an ad in a magazine, and so on) for Coca‐Cola? Perhaps I should ask how many times a day do you see one? You think that people already know about Coca‐Cola, but did you know that Coca‐Cola still spends millions of dollars each year on advertisements? Why do you think that is?

It is the same reason that infomercials run over and over again. After you have seen the same infomercial 50 times, you begin to consider it. After another 50 times, you think you might use it. Another 50, and some of you decide that you've got to have it. I mean, heck, they have run this commercial at least a thousand times. There must be some value to this, right?

I remember my first sales manager used to say to us that we weren't even in the closing arena until we had asked for the sale at least five times (and gotten a “no” five times, by the way).

After that, he would say, you are finally closing. I would attempt to argue with him, saying that if I kept asking, then I would become a pest. He pointed out that when a prospect objects to something, it was my job as a sales professional to handle the objection using a scripted response, then confirm my answer, and then ask for the sale again. He told me this is what “closing the sale” was called.

How many times do you ask for the sale? Do you ask for it in a round‐about, soft way and then give up if your prospect says no? Or do you even ask for it at all? How much more successful would you be if you asked for the order five times and had a prepared response to each objection and, after answering it, asked for the sale again? Now I know there is a fine line between being obnoxious and being persistent, but the more you can be persuasive and persistent, the more deals you are going to close. It is like Coca‐Cola. If they had run one ad and quit, we would all be drinking Pepsi today!

So, what is the best way to ask for the order over and over again? You have options: you can use trial closes, assumptive closes, or flat out closes. Here are some scripts to get you started.

Ask for the Sale

Closing statements 1:

“Have I given you enough to say yes yet, or do you need to hear more?” (Soft trial close)

Closing statements 2:

“Do you have any more questions or have you decided to put us to work for you?” (Soft trial close)

Closing statements 3:

“Most people choose the starter pack and that works out great for them. Would you like that, or do you think the professional package is better for you?” (Alternative close)

Closing statements 4:

“Our system can be set up in a matter of a week—and the sooner you give us the okay, the sooner it will be working for you. Would you like to get started with this today?” (Close)

Closing statements 5:

“That is how my other client got over that hurdle. I would recommend you do the same. You will always be glad you did. Let's go ahead and get you signed up for this. Which credit card would you like to use today?” (Close after overcoming an objection)

Closing statements 6:

“Since your (partner, wife, spouse, and so on) goes with whatever you think is best, they will probably go with this as well. In the meantime, let's go ahead and get the paperwork done and a delivery date set. If they change your mind, you can simply call back in, but in the meantime, you will have this all completed. Now how would you like to pay for this?” (Overcoming the partner objection close)

Closing statements 7:

“Now _________, we can go back and forth on this, and I'm sure you can come up with many more reasons not to do this. But let's face it: you know you need it, and I know you want it! So let's go ahead and move forward. What is your preferred payment method today?” (Flat out close)

Closing statements 8:

“It sounds like you understand this now, so let's get you started. What address do you want this delivered to?” (Assumptive close)

Closing statements 9:

“Did I answer that for you? Do you have any more questions? No? Okay, great—then welcome aboard! I know you are going to enjoy this as much as my other clients do. How would you like to pay for this today?” (Close)

Closing statements 10:

“As my dad used to say, ‘There's nothing to it but to do it!’ So let's do this today. Where do you want us to send this to today?”

If you have done your job up front and properly qualified your prospect, chances are they actually want to buy from you. So make it easy on them by asking for the sales at least five times. Remember, the magic happens around the seventh close.

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