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Don't race to the close with false claims

Don't race to the close with false claims

It was going along pretty well until he said it.


Chances are, you've all heard a version of it at least once before: "If you really want this one, grab it now, because it's the last one left, and I've had a couple of folks in this week looking at it."

Gary probably didn't realize the negative impact of his words, but it was too late. We left the bike shop without buying and, frankly, feeling the need to shower.

In trying to create a sense of urgency to move the transaction along, he used what's normally called the "opportunity method" of closing. Unfortunately, most buyers react very negatively to this method and would rather walk away.

Why? It creates doubt and skepticism and erodes credibility. What he said might have even been accurate, but that doesn't matter. The "I have one left" statement has been deeply etched into buyers' psyches as something salespeople say just to close a deal. Used in the manner that Gary did, it sounds hollow and false.

Is there a way to communicate the same thing without the negative impact? Yes.

First off, it must be absolutely true. If we're going to say we have one left, we'd better only have ONE left. There is no jiggering this. It's binary — we either do, or we don't. We are truthful, or we are lying.

The risk of damaging our company's reputation is far too great if it is untrue — so great that it has been a fireable offense in our companies.

Secondly, remove the pressure by giving the buyer options. Remind them there are other makes (models, lot numbers, colors, sizes, terms) that would serve them just as well. People want to know what their options are and know that they have the ability to choose. It settles them. "All or nothing" choices often lead to post-purchase dissonance and ill will.

Let them know that, whether they buy today or at some point in the future, we are happy to have them as customers. It demonstrates that we are in for the long-haul relationship, and it mitigates negative buyer thoughts of "you're just trying to get this out of your inventory today."

Lastly, remind them that the choice is always theirs. Why? Because it is. It's their checkbook. It's their purchase order. THEY can chose, and they now know that the salesperson knows it. The salesperson is no longer exacting pressure. The pressure of the decision is entirely theirs.

Back to the bike shop. If Gary had said something like this:

"Patrick, you seem really attached to the white Giant TCR road bike. It's important for you to know that we don't stock a lot of these, and this is one of only two we could get our hands on this season. They usually sell pretty fast, too.

"However, you have lots of options. You also liked the Cannondale and the Trek, and we can get those pretty easily.

"Whether you want one of those now or in six months, chances are they'll be here — we want you as a customer regardless of the bike you pick. If your heart is set on the Giant, it's better to move quickly — but the choice is always yours."

I would have bought the bike from him.

Patrick Morin is a partner at BrightHammer, a team of experts that work directly with company leaders nationwide to develop and implement sales strategy, deliver targeted sales training and effect sales-oriented culture changes. You can also connect with him via LinkedIn.

 
This comment was minimized by the moderator on the site

I agree with you! There is no reason for someone to walk into your Leasing Office and believe every word you say - unless - your sincere desire to help them find a home shines through. And, while it is true that I may have only one townhouse available right this minute, Prospects have learned not to trust your words, but they WANT to. There is a very subtle line a Leasing Professional needs to recognize to build on that trust. I always present options to Prospects simply because so many people start their searches for another apartment at varying times. Some need to move within a month, others later. I have worked with Seniors up to twelve full months before they move in, but I get them committed to their decision to move to my community as soon as possible. Thanks for your post.

  Mindy Sharp
This comment was minimized by the moderator on the site

Sales is all about the ability to maintain credibility with the client. In our environment, we are dealing with what is likely our prospective resident's SINGLE BIGGEST LINE ITEM ON THEIR HOUSEHOLD BUDGET. It is critical that we treat every interaction with that prospective resident with that kind of respect. If you are that full; and you are told that they need to make a decision quickly, you sometimes have to stress the fact that there are only x units of the floorplan currently available, but you have a few more of y available that can meet their needs as well. If they truly need a 3 bedroom; and you only have a few in total, with one available. Make sure you show them your records. It does not have to be straight from your software; it can be a simple excel spreadsheet that shows the total number of units, the total number of each floorplan, the number of each floorplan available, and the number of each floorplan that is on the NTV list for the future. I can come up with a simple template that can be used and updated at the end of each day if someone needs. Be willing to show them these notes if asked.

If you have a long waiting list; make sure they know that you are full, and give them a realistic timeline by telling them how long the most recent move in was on that list: 'My most recent move in was last month and they were on the list for that floorplan for 3 years. I do not expect any openings anytime soon. If you like, I can call you periodically and keep you informed.' If you know of any other properties in the area that might be able to help them; it would be appropriate to offer to make that call for them if they wish.

We all need to remember that we are in a relationship business and we all struggle with maintaining these relationships; some better than others. This ability does have an impact on retention as well. The more capable your team is in maintaining strong relationships with your residents; the better off you are in terms of resident...

Sales is all about the ability to maintain credibility with the client. In our environment, we are dealing with what is likely our prospective resident's SINGLE BIGGEST LINE ITEM ON THEIR HOUSEHOLD BUDGET. It is critical that we treat every interaction with that prospective resident with that kind of respect. If you are that full; and you are told that they need to make a decision quickly, you sometimes have to stress the fact that there are only x units of the floorplan currently available, but you have a few more of y available that can meet their needs as well. If they truly need a 3 bedroom; and you only have a few in total, with one available. Make sure you show them your records. It does not have to be straight from your software; it can be a simple excel spreadsheet that shows the total number of units, the total number of each floorplan, the number of each floorplan available, and the number of each floorplan that is on the NTV list for the future. I can come up with a simple template that can be used and updated at the end of each day if someone needs. Be willing to show them these notes if asked.

If you have a long waiting list; make sure they know that you are full, and give them a realistic timeline by telling them how long the most recent move in was on that list: 'My most recent move in was last month and they were on the list for that floorplan for 3 years. I do not expect any openings anytime soon. If you like, I can call you periodically and keep you informed.' If you know of any other properties in the area that might be able to help them; it would be appropriate to offer to make that call for them if they wish.

We all need to remember that we are in a relationship business and we all struggle with maintaining these relationships; some better than others. This ability does have an impact on retention as well. The more capable your team is in maintaining strong relationships with your residents; the better off you are in terms of resident retention.

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  Johnny Karnofsky

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