Closing: An Essential Part of
Selling ProcessThe ultimate outcome of
selling process is to close
sale. Closing
sale is extremely problematic for most sales people often causing them to lose sight of this vital objective. Studies show that a vast majority of sales people never even try to close
sale by simply asking for
order. Some marketing executives estimate that as many as 50 % of all sales representatives quit after their first sales meeting and fewer that 12% persist until a buyer finally says “yes”.
It is imperative that you learn
art of asking for business, or your chances of consistently selling your products or services will be reduced significantly. When a sales presentation is made properly,
natural conclusion to
transaction is to close
deal. Most buyers expect to be asked to take action when your sales presentation is followed to its natural conclusion. At this point in a sale, you do not need to use special closing techniques you simply to ask for
business.
Closing is actually
easiest part of
selling process. However, most sales representatives and professionals do not believe that closing is easy, because most of today’s sales training teaches
closing process backward.
Using a marriage proposal as an analogy, marketing professional Steven Brown in American Salesman suggests that
emphasis on presentation and closing skills puts
sales or service industry professional in
position of a suitor in Victorian England. “He has barely met
girl, but convention demands that he propose marriage before he can get to know her. He uses a well-rehearsed speech to try to persuade her of his worthiness. He has no idea of whether his attention is welcome or utterly inappropriate. He’s terrified because everything hinges on her ‘Yes’ or ‘No’.
An effective closing process turns
sales pyramid upside down, with
small point at
bottom. Closing should follow a patter similar to today’s marriage proposal. “Will you marry me?” is most often no more than a rhetorical question, of which both suitors should know
outcome, provided they have a well established relationship. As Brown suggests, “When he asks for her hand (or when she pops
question), he’s pretty sure of getting a ‘yes’. Closing a sales transaction
right way is a natural outcome of a relationship that is built on a foundation of mutual respect and trust.