Upcoming Events

  1. 2nd Quarter BIG Breakfast

    June 22 @ 7:30 am - 9:00 pm
  2. Johnson County Arts & Heritage Ribbon Cutting

    June 27 @ 4:30 pm
  3. 3rd Quarter Brew :30

    July 20 @ 5:30 pm - 7:30 pm
  4. How to Buy or Sell a Small Business

    July 27 @ 7:30 am - 2:00 pm
The Best Way to Get Rid of a Bomb

The Best Way to Get Rid of a Bomb


by


Why it’s better to raise (and address) potential problems before a prospective buyer notices them.

Have you ever lost a sale because of a problem you could have and probably should have dealt with earlier in the sales process? Have you ever lost a customer because you waited too long to tell them about a delay or defect? If you know a problem is going to blow up in your face, defuse it now.

In sales, it is often better if you bring up the issue before the prospect does. It builds trust, saves time and relieves stress for both parties. Sometimes, salespeople stress themselves out by refusing to tell a prospect or client bad news. Other times, they are afraid to lose the sale by telling a prospect no to an unreasonable demand. Don’t let the fear of looking bad or losing momentum stop you from addressing the most important issues.

The best way to deliver bad news is quickly and gently. Don’t make the problem worse by waiting for the bomb to blow up. Instead, simplyask in a nurturing tone if you can share some unpleasant news. It might sound something like this.

You: Jill, I looked into the delivery times you wanted, and I have some bad news. Can we talk about it?

Prospect: Sure.

You: You mentioned that you need the product by Feb. 1, and it looks like we can’t get it in until the 15th. Is that going to be a problem?

Prospect: I am afraid it will. We have a project starting on the first of the month.

You: Do you want to talk about possible solutions, or will we have to pass on this one?

Bringing the problem up yourself makes it easier for you to deal with the potential objections. Ignoring the issues is not going to make your delivery time any faster. However, because you raised the issues, you have the opportunity to find a solution. Maybe they don’t need your product on day one of the project, or maybe you can find a replacement part. Maybe walking away from the deal saves you both time and money.

Once you get comfortable defusing bombs, you can apply this technique early in all your sales calls by following these steps:

  1. Think about the top three objections, problems or roadblocks that you encounter on a regular basis.
  2. Develop questions to “test the waters” to see if these are important issues to each prospect and to assess the likelihood these bombs will explode.
  3. Brainstorm with your team about potential solutions or workarounds for these situations.

When you take a step back and look at the situation objectively, you will see that you can’t lose anything you don’t have in the first place. If there is a potential deal breaker, it is in both parties’ best interest to get it out on the table. The sooner you qualify or disqualify the opportunity, the better. You will save time, money and energy in pursuing real opportunities instead of fictional pipe dreams. If financing, terms, inventory status or delivery times are going to kill the deal, and they are immovable roadblocks, then it is best to go ahead and disqualify the opportunity.

Intentionally ending an opportunity can be tough, but so is pursuing an opportunity that you have no chance of winning. By learning how to defuse bombs before they blow up, you will gain more time, more trust and more sales.

Written by

Mike Montague is a certified trainer at Sandler Training, where he teaches the behaviors, attitudes and techniques of interpersonal communication needed to be more successful in business. He is a collector of best practices for management, sales and marketing, and he is passionate about empowering ambitious entrepreneurs with options for growth they didn’t know they had. (816) 505-2500 // mike.montague@sandler.com // Twitter: @mikedmontague

Categories: Sales

Contact


  1. (913) 432-6690
  2. PO Box 754
        Shawnee Mission, KS
        66201-0754
  3. editor@ithinkbigger.com

Connect

  1. Facebook
  2. Twitter
  3. Linked In
  4. Google Plus