Blogs

Two Questions to Close a Sale

I was having breakfast with a client in Denver before a training program I was giving, and we were talking about the importance of asking questions and listening. He told me that a few years ago he was working for a company selling an IT solution, and that while dealing with the Director of IT, he suddenly had an opportunity to meet the new CFO. This was unexpected and he had to think fast!

Here’s what happened:

As he was leaving, and right after meeting with the IT Director, he asked him how he could get in front of the new CFO (knowing that the CFO was the ultimate decision maker). Just as he asked this question, an executive was walking down the hall toward them. The Director said, “That’s the new CFO right there. Let me introduce you to him.”

As he was introduced, my client asked the CFO, “I’d love to spend a few minutes with you and wondered when we could get some time on your calendar to do that?” To his surprise, the CFO said, “I have about 10 minutes right now, come on into my office.”

He followed the CFO into his office, sat down across the desk and the CFO said, “So, what’s on your mind?” My client’s mind went blank, and he just sat there for a moment. He hadn’t expected to be here at this time and found himself unprepared.

Luckily, that didn’t last too long and before he knew it he said, “I have just two questions for you. First, when a client of yours leaves you and buys from someone else, what is the main reason for that? And second, what is the main reason a new client goes with you rather than your competition?”

After that, my client opened his notebook, pen in hand, and waited.

And waited. And waited…

After nearly five full minutes (a nerve racking five minutes to be sure), the CFO finally began to speak. “That’s a great question, and I’m going to have to think carefully about that. In fact, no one has ever asked me that before…”

The CFO then went on to give his thoughts about this, and, after he was done, he thanked him and promised to follow up with more information – which he did. After a few weeks, the CFO then followed up again and made a purchase from my client and his company.

He said of the interaction: “The two questions you asked me were the best two questions I’ve ever been asked. They forced me to evaluate the only two things that really matter – what means the most to our clients.”

My client was obviously pleased with how this turned out, but he told me that the real lesson he learned from the interaction is just how long some prospects take to think about questions they are asked.

He told me, “Since I was there when I asked the question, I could see he was carefully thinking about my questions. Since I could see that, I didn’t interrupt him – instead I just shut up and let him think."

He continued: “This situation revealed the real challenge we face as inside sales reps. When we ask questions over the phone and don’t get an immediate response, we tend to keep talking. This is the worst thing we can do. We absolutely have to train ourselves to ask questions and then remain quiet and listen.”

When I asked him the best way to teach reps to do this, he said that using the mute button was the easiest and best way.

If you have read any of my articles or books, then you know my favorite four words are, “Shut up and listen.” You also know that I think the mute button is the most important button on your phone.

To prove this to yourself, make a commitment today to asking questions and using the mute button to let your prospect answer you. You’ll be surprised by what your prospects will reveal and how much easier it is to close sales.

If you found this article helpful, then you won't want to miss our webinar, How to Overcome the Price Objection, next Tuesday, June 13th, at 10:00 am PDT. We will be covering more tips for interacting with prospects and closing more sales. We will cover how top producers handle price objections, the proven technique of what to say (and how to say it), and an email script to use when prospects are no longer responding. Click here to register for free!

-------------------------------------------------------------------------------------------------------------------------------------------------------

Mike Brooks is founder and principle of Mr. Inside Sales, a North Carolina-based inside sales consulting and training firm, and author of the award winning books on inside sales: “The Real Secrets of the Top 20%,” and his new book, “The Ultimate Book of Phone Scripts.”

Labels: