Closing the Sale as a Network Marketer
How to get a commitment out of prospective customers
By Michael L. Sheffield
| April 21, 2003
URL:
http://www.entrepreneur.com/bizopportunities/networkmarketing/networkmarketingcolumnistrodnichols/article61244.html
Q: I
just started working with a network marketing company with some
great products. I'm using the products myself and focusing on
selling products before I start trying to recruit people. My
problem is that people I talk to seem interested, but I have
trouble getting them to commit to buy. The typical response is
"Let me think about this. Call me back later." What could
I be doing wrong?
A:
First, let me commend you on your commitment to be your own best
customer and to learn how to sell your products before jumping into
the recruiting process. If you don't believe in your products
and understand how to motivate others to become customers, you
can't transfer that ability to those you recruit into your
organization in the future. Let's look at some areas that can
help you be a more effective salesperson.
After you've presented the products, you want your customer
to take action. Everything you've done so far has been working
toward this moment: the close of the sale. Studies indicate that 63
percent of all lost sales occur because the salesperson failed to
ask the client to make a purchase.
Your first task is to develop an effective close. Think about
various ways of saying "Will you buy my products?" Write
them out and memorize them. Practice delivering them, and learn to
adapt them to various situations.
Ordinarily, the close will occur at the conclusion of your
presentation, but it can happen at any time. In the middle of your
presentation, you may sense your prospect is quite interested in a
particular product. At that time, it is completely appropriate to
say "I agree with you. This item is one of the best we have.
Let's make a note on the order pad right now so we don't
forget it during the remainder of the presentation."
The key to closing the sale is taking advantage of the right
time. Don't delay. Many salespeople don't believe
they've closed a sale that quickly, so they keep talking--and
actually talk themselves right out of the sale. If the prospect
makes comments like "Maybe I should," "Perhaps I
could," or "It sure looks good," stop talking and
start writing, or risk losing the sale.
Here are a few ways you can gently prompt your customer toward
action:
Get your customer to agree with you. Your sales
presentation should be a series of powerful, motivating reasons to
buy. That's the purpose of building your presentation around
features and benefits. Your objective is to obtain complete
agreement from the prospect. You actually want him to get in the
habit of nodding his head, of voicing his agreement.
When the sales points are presented in terms of benefits, they
become personal to your customer. When that customer agrees to a
few points in a row, you can usually assume he's ready to make
a purchase.
Take the order. You should already have your order pad
and pen in hand, so you're ready to write up the product order
as soon as the customer agrees. Once your presentation is complete,
go back over the products you've presented and confirm the
items in which the customer had previously expressed an interest.
After you've finished, request that your customer sign the
order, and ask if they'll be paying by check or cash.
It's to your advantage to have some inventory of your
products with you, so you can deliver them immediately. If not,
arrange for your company to drop-ship the order or set up a time
when you can return with the order.
Once you've written the order and accepted payment, you can
congratulate yourself on completing a successful sales call. But
you're not quite through yet.
Obtain referrals. Every time you call on new customers,
you should end with a request for the names of people they know who
might also benefit from your products. When you've successfully
completed a sale, your customer will usually be willing to pass
along the names of neighbors or friends. It's much easier than
you might think. All you have to do is ask. You'll find the
referrals you obtain will develop into a never-ending source of new
prospective customers.
Once you've been given some names, use them immediately.
Don't ever let a referral get cold! If a referral is in the
neighborhood, go right over, ring the bell, introduce yourself, and
say his or her friend thought he or she might be interested in some
products you offer. This opening does one very important thing for
you: It establishes your credibility. You are not just a
door-to-door salesperson. You are a friend of a friend, and usually
that's enough of a recommendation to get you in the door and
enable you to make a product presentation or leave some samples and
brochures.
Recruit. After mastering the selling process, it's
time to begin selling your other product, your business opportunity
itself. If you've concentrated on selling your product and
turning the prospect into a customer, it will be easy to suggest he
or she consider joining your business. In fact, the opportunity to
buy at wholesale for personal use as well as earn some extra income
usually appeals to many prospects. And, most important, remember
that a potential customer who tells you "no" brings you
one step closer to that lifetime customer who says
"yes."
Michael L. Sheffield is the CEO of Sheffield Resource
Network, a full-service direct sales and multilevel marketing (MLM)
consulting firm. He is also the co-founder and chairman of the
Multi Level Marketing International Association (MLMIA). He can be
contacted through http://www.sheffieldnet.com.
The opinions expressed in this column are those
of the author, not of Entrepreneur.com. All answers are intended to
be general in nature, without regard to specific geographical areas
or circumstances, and should only be relied upon after consulting
an appropriate expert, such as an attorney or
accountant.
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