Thursday, March 26, 2009

Never Shortcut the Presentation

People Reject What They Don't Understand

Many sales are lost, not because the product or service didn’t fit the customer’s needs, nor as a result of an inferior product line— and regardless of what they say, not because the customer couldn’t “afford it” or “needed to think about it”— but because the salesperson lost the customer somewhere along the way. They confused them. And, when a customer is confused, they will not buy, because people reject what they don’t understand!

Customers are providing you with a clear indication that your message lacked clarity when you hear something like this: “Well, you really did a great job and you’ve given us a lot to think about. We’ll talk it over and get back to you”. After all, what are they suppose to say to you? They probably won’t be so candid as to say, “You know, we were actually ready to make this decision right now, but frankly, you confused us when you were talking about that drop-interest financing option. We’re going to need some time to see if we can figure out what you were saying before we make a mistake that could cost us money.”

To the uninformed, the “we need to think (or talk) about it” response is an “objection”, so they leap into the objection handling mode and hope that that last seminar on closing they attended was worth the money. It seldom dawns on them that it may be something else— that they may have simply confused the customer or failed to make a compelling argument for buying their products or services.

If something is missing, or seems vague, customers simply will not buy. This is one really good reason why you should never shortcut the presentation. Clarity is important. Customers need to hear the full story in order to make a truly informed decision. If you shortcut the presentation, skipping over points that later you find out may have been important to your customer, it will be tough as nails, if not impossible, to effectively rewind the presentation and straighten out any confusion you may have caused in your effort to speed things along earlier. Basically, the customer awards you a single opportunity to get it right. You don’t want to waste it by attempting shortcuts.

Salespeople often have a tendency to speed through the presentation to get to the more exhilarating part, the close. Rushing through the delivery (essentially shortcutting the presentation) is a dangerous practice that risks confusing the customer; which in turn leads to substantially lower closing percentages, lower sales averages, and higher cancellation percentages.

The solution is to slowdown. Always keep in mind that no matter how many times you’ve given the presentation, it is the customer’s first time hearing it. Make sure that your message is clear and your customers will have less to “think about” at the end of your presentation!

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