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Transcript of How-to-Close-a-Deal-–-20-Best-Sales-Closing-Techniques-to ...
Much l ike crossing the f inishing l ine of a gruelingmarathon, the closing part of any sales activity is themost fulfi l l ing and thril l ing aspect for a salesperson.It ’s the f inal moments when the sales rep strikes theiron while it ’s hot and f inally watches their productbeing sold!
Unfortunately, the percentage of salespersonstouching their quota has reduced from 63% to 53% inthe past six years. While closing has now become aderivative of the entire sales experience and callsfor collaboration across all departments, there arestil l a few techniques that you, as a salesperson, canemploy to close the deal. The primary skill involvedin closing a deal is Communication, Communication ,COMMUNICATION!
In this case, choosing the right set of phrases couldbe your savior and make or break the situation. Thus,it is critical to have a few killer sales closingtechniques under your belt just in case you f ind yourlead sitting on the fence, waiting for a f inal nudge.An effective sales closing technique can make theprospect fall hook, l ine, and sinker for your productor service.
So i f you are stil l wondering how to close a deal, hereare 20 B2B sales techniques that will give you thedesired result!
02
I f your product already
checks al l the customer ’s
requirements, i t is safe to
assume that the deal is
as good as done. Now al l
you need to do is make
the cl ient real ize that
you are ready to close
the deal . In this case,
you can make use of an
assumptive close as i t
wi l l gently push the
cl ient towards making
the purchase without
giving them the t ime to
come up with reasons or
excuses to delay or put
off the deal .
E x a m p l e s o f
A s s u m p t i v e C l o s e
Which package /
bundle are you going
with?
What would be your
preferred del ivery
date?
So, would you l ike to
go with [ feature 1 ] or
[ feature 2 ]?
When can we start
with the
implementat ion?
0 1 THE ASSUMPTIVE CLOSE
03
Th is i s one of the
mos t t r i ed and tes ted
methods of c los ing a
sa le . As the name
sugges ts , i t i nvo lves
summar i z ing a l l the
fea tu res of your
product or se rv ice
and the bene f i t s i t
w i l l of fe r to your
c l i en ts . Th ink of i t as
your c los ing
arguments befo re the
judgment i s passed .
02 THE SUMMARY CLOSE
04
I t refreshes your
cl ients ’ memory,
especial ly i f the sales
process has gone on
for a long period, and
involves several
products and
features. Furthermore,
through this method,
you can also
reengage the cl ients
i f you sense that they
are hesitant to reach a
decis ion or their
attent ion is diverted
by your competi tors .
As i t offers a hol ist ic
overview of your
offer ings, the cl ient
wi l l have a stronger
leaning towards your
product or service.
05
E x a m p l e s o f
S u m m a r y C l o s e
So, in conclusion, i f you
opt for our [package 1 ] ,
you get [ features 1, 2, 3…
n ] . On the other hand,
[package 2 ] wil l fetch
you [ feature a, b, c… z ]
Once you make use of
our product /service, you
wil l notice [desirable
results 1, 2, 3… n ] . Now
all you have to do is sign
the contract !
With our product , you
can enjoy [ features ] that
wi l l help your business
overcome [pain points ] .
Addit ional ly , we also
offer [add -ons ] to make i t
easy to implement the
product /service at your
off ice!
03 THE TAKE AWAY CLOSE
knocking off a few to
accommodate the
customer ’s requests , be i t
t ime or money, etc.
Natural ly , losing out
features may not seem l ike
an attract ive option for
them. Thus, they wil l be
more eager, not only to
make the sale happen but
also to go for the better
alternat ive.
Sometimes, to close more
deals , you need to str ip off
the goodies. Does i t sound
confusing?
A l l o w u s t o e x p l a i n .
The Take Away Close
makes use of reverse
psychology. You start by
l ist ing al l your best
features, then start
06
Consequently , i f you
fai l to receive a
posit ive response, a
bolder step would be
to cal l off the deal
ent i rely . While i t may
be a brazen move, i t
ref lects your bel ief
and confidence in your
product . I t may make
the cl ient real ize that
they ’ re missing out on
something
phenomenal . Thus,
they would instant ly
get over their
hesitat ion or stop
bargaining and get to
closing the deal . I t is
ideal for leads that
take up a lot of your
t ime without
committ ing to
anything.
07
E x a m p l e s o f t h e T a k e
A w a y C l o s e
We would suggest that
you skip [ feature 1 ] ,
you may lose out on
[posit ive result ] , but
you also get the i tem
within your budget.
How about we go over
the product once again
and close the deal
within the next 30
minutes? However, i f
we fa i l to reach a
decis ion, i t would be
wise for us to take a
step back and
reconnect at a later
date when you ’ re ready
to make a f inal
decis ion.
Every salesperson has
had i ts fa i r share of
object ions. Normally , a
sales rep would want to
avoid an object ion l ike
the plague. However, a
seasoned salesperson is
adept not only at
handl ing an object ion
but also using i t as an
effect ive sales closing
technique. The Object ion
Close helps you gauge
whether the cl ient has a
clear understanding of
what you offer and how i t
f i ts in their business
process.
E x a m p l e s o f
O b j e c t i o n C l o s e
So, do you have any
doubts or queries
regarding the
product? I ’d love to
help you with them!
Is there any reason
why we cannot start
deployment by the
end of this month?
04 THE OBJECTION CLOSE
Further , i t also al lows you to
address any concerns or
issues that the cl ient may
have about your product ,
which could possibly be
delaying the sale.
08
This t radit ional sales
closing technique helps
in closing sales deals
quickly by creat ing a
sense of urgency. I t
fol lows a simple recipe, a
spontaneous offer paired
with added benefi ts for a
l imited t ime period. This
encourages the cl ients to
respond quickly and take
immediate act ion. This
pressure tact ic is highly
effect ive for cl ients who
are interested in the deal
but have been si t t ing on
the decision for far too
long.
E x a m p l e s o f N o w
o r N e v e r C l o s e
We have a special X%
discount for those
who sign up within
this week. You
wouldn ’ t want to
miss out on this offer !
I f you make a
purchase by this
month, we offer three
months of servicing
free of charge.
There is only one
item lef t in stock.
From next week
onwards, the price
wil l be going up for
the new shipment.
05 THE NOW OR NEVERCLOSE
09
What can better seal a deal
than a product that meets
the customer ’s needs? You
can comfortably close
more deals by detai l ing
what your product or
service offers and how i t
sat isf ies the prospect ’s
needs.
To pull off a Needs Close,
you f i rst need to
recapitulate the things
that the prospect needs
from your product . Then
present the features
against these needs.
06 THE NEED CLOSE
10
The more needs that
get met, the better
the product is for the
prospect . I t al lows
the cl ient to
understand how your
product wil l benefi t
them. By comparing
their needs with your
product ’s offer ings,
you help them
understand how your
intervention can
benef i t their
business.
1 1
E x a m p l e s o f
N e e d C l o s e
So basical ly , you are
looking for [ features
1, 2, 3… n ] . Have I got
that correct ly? Great .
Well , let me tel l you
that our
product /service not
only meets these
needs but also offers
more!
I f you need [desired
result ] , you should
real ly give the
product /service a t ry
as i t can meet al l your
requirements for
[ requirement 1, 2, 3… ]
07 THE SCALE CLOSE
you can always ask the
reason for i t and offer a
clar i f icat ion for the
object ion. On the other
hand, i f you score an
impressive digit , you can
work towards closing the
deal .
The Scale Close starts
with asking the
prospect to rate your
product on a 1 to 10
scale. Depending on
their score, you can
decide the subsequent
course of act ion. For
instance, i f you f ind the
rat ing to be too low,
12
To counter this object ion, you can always scale up
or scale down the investment by either breaking
down the total cost into smaller per day or per week
expenses or calculate the cumulat ive effect of the
service on the investment and revenue. As a result ,
the product wil l now appear to be a reasonable
investment for the company.
13
E x a m p l e s o f S c a l e C l o s e
On a scale of one to ten, how would you rate
our product? Interest ing. May I ask why
[ rat ing ]? I see, and could you also explain
why not a ten?
I can see that price is a major concern for
you. However , i f you consider that when you
divide the total investment , you are only
paying X per week, which seems completely
reasonable, r ight?
08 THE SOMETHING FORNOTHING CLOSE
The Something for Nothing
Close rel ies on the principle
of reciprocity , which
dictates that posit ive
act ions wil l t r igger a
posit ive response. Thus, to
close a deal through this
sales closing technique,
you offer the cl ient a f reebie
or an extra feature. In
return, the cl ient wil l feel
obl igated to purchase your
product out of
goodwil l .However , pract ice
caution since as much as
people l ike f ree things, this
si tuat ion could potential ly
get out of hand as your
cl ient gets greedy.
E x a m p l e s o fS o m e t h i n g f o rN o t h i n g C l o s eI f you make the
purchase today, we
wil l grant you
membership access
to [service ] worth
XYZ at absolutely no
charge!
We normally charge
XYZ for this [service ] ,
but since we are
eager to work with
you, how about we
throw i t in for f ree?
Addit ional ly , offer something
that is of less value to you
and more value to the cl ient .
14
09 THE EMPATHY CLOSE
15
While gaining leverage and applying some amount of
pressure may be effect ive B2B sales techniques,
nothing can beat the language of empathy. You could
close more deals through empathy than cold -blooded
transact ions.
Empathy helps in developing a strong interpersonal
bond with your cl ient , which wil l al low them to lay
more t rust in you. Simply replace the “you”
statements with an “ I” and express genuine
emotions to let them know that you understand.
E x a m p l e s o f E m p a t h y C l o s e
I can understand that reaching this decis ion
r ight now could be tough. How about you
take some t ime to del iberate on what we ’ve
discussed?
Looking at the market condit ions, I feel that
choosing [package 1 ] could be a better
choice for you as i t is better suited for your
business. I f I were you, I ’d choose that .
16
This method of closing a
sale involves narrat ing the
story that covers the work,
t ime, and ski l l invested in
the product , which makes i t
what i t is today. Rather than
focusing on the product or
service, i t highl ights the
people who work t i relessly
behind the scenes to help
and benefi t the cl ients . I t is
a highly effect ive sales
closing technique to t ry on
prospects who can
appreciate the hard work
and effort that goes into the
product . I t not only garners
their appreciat ion but also
earns their t rust that their
business wil l also be
treated in the same spir i t .
E x a m p l e s o f
A r t i s a n C l o s e
Our team of experts
invested XYZ number
of hours in bringing
this product to you!
Our product is a
result of the hard
work, toi l , and sweat
invested by our
founders. To honor
the sanct i ty of the
same, we offer a:b
customer to support
rat io to ensure top -
notch support f rom
our end.
10 THE ARTISAN CLOSE
17
11 THE BEN FRANKLINCLOSE
List ing out the pros and
cons of your product
offers the cl ient the
insight into how i t wil l
benef i t their business.
Clear ly , a l is t where the
pros outweigh the cons
is desirous. At the same
time, you can also
capital ize on the
opportunity to highl ight
measures that can be
taken to overcome your
product ’s drawbacks!
Benjamin Frankl in was a
businessman ahead of
his t ime. At any point , i f
he were ever confused
about making a decision
regarding something,
he would l is t out the
pros and cons to gain
more clar i ty of his
decis ion ’s
consequence.
As a salesperson, you
could use the same t r ick
to close a deal .
18
19
E x a m p l e s o f B e n F r a n k l i n C l o s e
So, i t becomes apparent that the advantages
of having the product could be [advantages
1, 2, 3… n ] . On the other hand, we have the
cons as [disadvantage 1, 2, 3… n ] . On closer
inspect ion, i t becomes clear that you bag
more advantages through this product .
Going over the pros and cons, you may be
concerned about [problem ] . However , our
[solut ion ] can take care of i t , which
effect ively means that you can reap greater
benef i ts !
When you know that
closing the sales deal is a
strong possibi l i ty , but the
prospect is struggl ing with
an object ion, you can better
your chances by pull ing off
a sharp angle close. Once
they state their inhibit ion,
you can counter i t with
another quest ion that
solves their object ion or
ful f i l ls their requirement.
Natural ly , i f their need is
being met and the prospect
is genuinely interested,
they would then proceed to
close the deal . However, i f
they continue to dil ly -dal ly ,
there is a strong possibi l i ty
that there may be another
issue or the prospect is
s imply not ser ious.
E x a m p l e s o f S h a r p
A n g l e C l o s e
I understand that
you ’ re concerned
about whether we
can del iver within a
month. What i f we
give a one -month
del ivery guarantee,
would you be ready
to close the deal?
I f I offer you an X%
discount to al leviate
your budgetary
restraints , are you
wil l ing to jump on
board?
12 THE SHARP ANGLECLOSE
20
They say tha t a
p ic tu re i s wor th a
thousand words . But
in rea l i t y , a p ic tu re i s
wor th 60 ,000 words !
Due to th i s proper ty ,
v i sua l cues l i ke
in fograph ics , char t s ,
t ab les , or even
v ideos tha t l eave a
las t ing impac t on an
ind iv idua l , can be an
innova t i ve and
at t rac t i ve f ash ion to
c lose a dea l .
13 THE VISUAL CLOSE
21
So rather than
bombarding your
cl ients with numbers
and calculat ions or
wal ls of text , t ry the
visual approach.
Similar ly , t ranslate
the big impact of
your product in a
visual format and
i l lustrate how i t wil l
solve the cl ient ’s
problem.
E x a m p l e s o f
V i s u a l C l o s e
Here ’s a table that I
have made i l lustrat ing
the pros and cons of
our product . I would
encourage you to go
through i t to get an in -
depth understanding.
To save us t ime, I have
prepared a quick
presentat ion r ich with
informational graphics,
which I would l ike to
share with you. I t wil l
of fer you an in -depth
understanding of what
we have to offer .
22
14 THE ALTERNATIVECLOSE
23
The quest ion should be
formulated in such a way
that regardless of the
choice that the prospect
makes, the deal moves
forward. By offer ing two
alternat ives, you cut
down the confusion and
simpli fy the decision -
making process to get
the cl ient on board.
However , be wary,
offer ing more options
may dilute the sales
closing technique ’s
performance and, in fact ,
add to the cl ient ’s
di lemma.
The Alternat ive Close is
a close relat ive of the
Assumptive Close and is
ideal for the prospects
who have no queries
whatsoever related to
your product .
The maneuver starts
with the assumption
that the prospect is
ready to make the
purchase. Then, the
salesperson offers them
two alternat ives as
options to close the
deal .
E x a m p l e s o f A l t e r n a t i v e C l o s e
So, we could begin with the f i rst instal lment
in the last week of this month or in the f i rst
week of the next month. Which of these
would work best for you?
You could choose between the Basic package
or the El i te package. Now the bal l ’s in your
court .
24
15 THE OPPORTUNITYCOST CLOSE
25
Through this technique,
you can stress on what
the cl ient wil l miss out
on i f they do not opt for
your solut ion. As a
salesperson, you have to
sel l the idea that your
product is not an
expenditure but is a
worthy investment.
No business wants to
miss out on a great
opportunity . Hence,
highl ight ing a concern
that the company wil l
incur some losses by
not taking proact ive
measures is the crux of
the Opportunity Cost
Close.
E x a m p l e s o f O p p o r t u n i t y C o s t C l o s e
I understand your concerns about the in i t ia l
investment involved. However , put this in
perspect ive: not purchasing the product
would result in you missing out on X number
of potent ial cl ients!
Our product streamlines your processes,
thereby enhancing the product iv i ty of your
employees and boost ing customer
sat isfact ion. And you know, a happy cl ient
means more business. So you ’ re essent ial ly
missing out on that !
Talk about the ROI in terms of improved productiv i ty ,
ef f ic iency, qual i ty , and t ime -management, etc. as
quite often, these are the qual i t ies that a business
wishes to get a hold of , especial ly in the long run.
You basical ly have to convince the cl ient that they
should have purchased your product yesterday and
that every day lost is a loss in revenue.
26
16 THE OWNERSHIP CLOSE
27
Narrate test imonialsregarding how similarbusinesses were capableof achieving their goals ,overcoming theircompeti tors , andoutperforming the keymetr ics . Start referr ing tothe product or service as“your” product /service.
The Ownership salesclosing techniquerevolves around f i rmlyplant ing the idea thatyour cl ient already ownsthe product . You candraw facts and f igures topaint a hol ist ic pictureregarding how theirbusiness wil l beposit ively impacted uponthe purchase of yourproduct .
E x a m p l e s o f O w n e r s h i p C l o s e
As you start offer ing quick, eff ic ient , and
accurate responses to customer queries, your
product wil l defini tely enhance customer
sat isfact ion. Not to mention, once a load of
repet i t ive tasks is taken off the employees ’
shoulders , they wil l also appreciate your
insight in introducing this product .
How do you plan on spending / invest ing the
excess revenue that you wil l generate after
using the product?
Draw paral lels and talk about the stel lar performance
of your cl ient ’s business once the product steps into
the picture. Doing so wil l create and fort i fy the
mental bel ief that the product wil l defini tely add
value to their business, which wil l make i t easier for
you to close the deal .
28
17 THE PUPPY DOG CLOSE
29
Eventual ly , they wouldhave formed such a strongbond with the furry f r iendthat they cannot imaginefunct ioning without i t !
Similar ly , sales reps canidenti fy well -qual i f iedprospects and offer themthe chance to t ry out yourproduct for f ree. Uponreal iz ing the t rue value ofthe product , they would bemore open to purchasing i t .
The Puppy Dog Closefol lows a ‘ t ry before youbuy ’ approach. I t is basedon the concept of howdog shelters al lowprospect ive adopters totake a puppy home for acouple of days and seehow i t works out forthem. I f the t r ia l periodgoes well for them, thereis no possible excuse forthem to refuse to keepthe puppy.
Once they have
developed an aff ini ty
for your high -value
product , they would
not be wil l ing to let i t
go.
A word of caution:
Before t ry ing out the
Puppy Dog Close, you
have to be extremely
sure that your product
can prove i ts
usefulness and
eff icacy within the
short t imeframe for
which you al low the
cl ient to t ry i t at no
cost . Think of this as
an elevator pitch of
test drives. Offer ing
something for ten
days, with the
knowledge that i t
takes at least f i f teen
days to implement, is
s imply a waste of t ime!
E x a m p l e s o f P u p p y
D o g C l o s e
I f you wish to give our
product a t ry , we could
ship i t to you for a
month without any
pressure or obl igat ion
to purchase i t . I f you are
not sat isf ied with i t , you
can simply ship i t back
to us, and we ’d take
that , no quest ions
asked. Would you l ike to
give that a t ry?
I can sense that you are
st i l l hesitant to make the
purchase. How about I
of fer you a 5 -day no -
cost t r ia l and you can
see how the product
works for your business.
I f you don ’ t l ike i t , you
don ’ t have to buy i t . But
at least give i t a fa i r
chance!
30
Having a cl ient who
simply refuses to make
up their mind can be
frustrat ing, simply
because they are too
close to the f inishing
l ine for you to abandon
them, but they also
keep you wait ing
forever! Given that you
have your own
personal t imel ines and
targets , implementing
the calendar close for
closing sales deals
with a non -committal
cl ient can come to your
rescue.
31
18 THE CALENDAR CLOSE
For a Calendar Close, you suggest a date for f inal iz ing
the deal in the near future. This in i t iat ive al lows you to
f ix a concrete t imeframe by when the prospect should
make their decision. Further , the response generated by
a Calendar Close can also act as an indicator of the
prospect ’s level of commitment.
E x a m p l e s o f C a l e n d a r C l o s e
I think we have discussed everything that
there is to our offer , so shal l I set up a
meeting this Wednesday to get the bal l
rol l ing?
Now that we have i roned out the detai ls , how
about we meet on the 21st and f inal ize the
paperwork?
03
32
19 THE COLUMBO CLOSE
33
“Just one more thing.”
Similar ly , just when you
have completed your sales
pitch, and you can
perceive that you are
losing the cl ient ’s
attent ion and they are
walking away f rom you,
reel them back in with a,
“Just one more thing,”
and offer the ju iciest part
of your offer ing. This
reveal could also address
any object ion that the
prospect may be
struggl ing with, which is
delaying the sale.
The Columbo Close is
named after a late 1960s
TV character , Columbo, a
homicide detect ive. Apart
from his smart and witty
one - l iners , he was also
well -known for his
dramatic reveal of who the
ki l ler might be. In a classic
Columbo close, he would
complete his monologue
or interrogat ion and start
walking away f rom the
suspect . Just when the
suspect bel ieves that he ’s
being let go and breathes
a sigh of rel ief , Columbo
would turn around with his
catchphrase,
E x a m p l e s o f C o l u m b o C l o s e
So in conclusion, the [product ] is going to
revolut ionize how your business operates…
Just one more thing, though, i t is also
avai lable at a shocking X% off !
That ’s a wrap on the presentat ion. Thank you
for your t ime. Just one more thing, i f I may
ask, why didn ’ t you buy f rom us today?
34
20 THE ‘BEST TIME TO’CLOSE
35
Does your prospect have
any t r igger event in the
near future? I f yes, then
it is the best t ime to use
the ‘Best Time to ’ Close!
Some common t r igger
events include a change
in business strategies or
locat ion, growth or
expansion of the
business, t ransfer of
ownership, hir ing / f i r ing
of employees,
dissat isfact ion with the
current vendor, mergers
or acquisi t ions, new
legislat ions, change in
brand perception, etc.
You could cite any of
these t r igger events to
persuade the cl ient why
it is an ideal t ime for
them to purchase your
product .
For the ‘Best Time to ’
Close, you need to have
an in -depth
understanding of the
target company and
monitor and t rack their
act iv i t ies .
E x a m p l e s o f ‘ B e s t T i m e t o ’ C l o s e
We ’ve heard that your business is ventur ing into
the XYZ avenue, which is pretty excit ing. Now is
the best t ime to t ry out the [product ] as i t wil l
help you gain t ract ion on these new terr i tor ies .
Since you are hir ing a new workforce this month,
i t is the best t ime to implement the product as i t
gives them ample t ime to complete t ra ining and
get acquainted with the product as they face new
chal lenges every day!
While these sales closing techniques are highly
effect ive, they are not a magic spel l to close more deals .
These are not a ‘one -size - f i ts -al l ’ si tuat ion, as dif ferent
closing techniques wil l have varying results for dif ferent
prospects . To t ruly grasp the art of closing sales deals ,
you need to have a clear and thorough understanding of
your prospect , their needs, opportunit ies , deal size, etc.
Thus, these techniques can simply aid your ski l ls , and i t
a l l eventual ly boi ls down to how you, as a salesperson,
can gauge the si tuat ion and the prospect to pick the
best way to close.Final ly , with these t r icks up your
sleeve, you are al l set and ready to ABC – Always Be
Closing.
AS WE CLOSE…
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