ABOUT THIS EPISODE
Welcome to another episode of the 'Next Level Selling, Next Level Life' podcast with Mad Mike. Today, Mike talks about the subtle yet impactful mistakes often overlooked in sales—the silent deal killers. Discover how minor errors can erode trust and derail a deal, despite a flawless presentation and rapport.
Mad Mike shares insights on tackling these pitfalls by emphasizing the power of listening, maintaining enthusiasm, and using confident language. Learn how to transform objections into opportunities and focus on selling outcomes rather than just features.
By the end of this episode, you'll gain practical strategies to identify and rectify these silent deal killers, ultimately boosting your sales performance. Tune in to polish your skills and take your sales career to new heights!
Looking for Health and Wealth? Click here: www.Imunotec.com/PeakLife
SHOW NOTES 🔗
TRANSCRIPT 🔗
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Welcome to the Next Level Selling, Next Level Life Podcast with your host, Mad Mike.
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The podcast where sales techniques meet real-life transformation.
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If you're ready to crush your sales game and elevate your life to new heights,
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you have found your podcast.
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Mad Mike isn't just a motivational sales trainer, he's a relentless sales coach
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ready to challenge your limits and elevate your game. Are you ready to take this thing to the top?
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Because it's go time with your host, Mad Mike.
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What's up, everybody? It's Mad Mike here with your Next Level Selling,
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Next Level Life podcast. Hope you're doing great no matter where you're at.
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So look, today we're going to dive into something that's quietly killing your
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deals and you probably don't even know what's happening.
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We're talking about the silent deal killers.
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Sounds like a novel. These subtle mistakes that sneak into your sales process,
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they cost you commission checks before you even realize what went wrong. Picture this.
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You've built great rapport, given a killer presentation, handled objections
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like a pro, but somehow the deal still falls apart. Why?
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It's not always the big obvious mistakes. It's the small unnoticed ones that
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slowly erode trust, confidence, and urgency.
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And that's exactly what we're going to be breaking down today.
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So if you want to start closing more deals and losing fewer opportunities.
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Stick around because by the end of this episode, you'll know exactly how to
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fix these silent deal killers once and for all. So let's get into it. Okay.
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What is deal killer? Number one over talking instead of listening over talking.
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This is one that I had to learn quite honestly.
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Those of you that know me personally and those of you that don't listen to my
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podcast, you know, I like to talk.
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So, you know, over-talking instead of listening, look, I get it. You're excited.
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You want to slow the customer down personally. You're trying to show them everything
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the product can do. Maybe you're nervous.
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You fill the silence with words, but here's the hard truth.
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When you talk too much, you lose the sale. And I've had those customers that
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kind of come at you kind of fast. And so we naturally go back at them fast.
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And so slow down, you know, calm your nerves.
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You got to, you don't have to fill all the silence with words.
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And because the fact of the matter is the more you talk, the less the customer feels heard.
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And when customers don't feel heard, they don't feel valued.
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And when they don't feel valued, they simply don't buy.
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How do you fix it? Well, follow the 80-20 rule. Listen 80% of the time,
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talk 20%. It's really quite simple. you've heard this before and it's really true.
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You know, if you're talking too much, deliberately pull it back,
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turn it down a notch. All right.
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Always make sure you're asking open-ended questions like what's more important to you in this decision?
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What concerns do you have about
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making this move today? And then shut the hell up and let them answer.
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You'll be amazed at what they tell you. And that information is actually what closes the deal.
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Deal killer number two, lack of energy or enthusiasm. I've never been accused of this one.
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I've always had enthusiasm, but some people don't.
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So look, lack of energy. Sales is a transfer of emotion. I've talked about this
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before in other podcasts.
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You have to learn how to transfer your energy, transfer the emotion.
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If you sound bored, disengaged, or robotic, guess what?
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The customer will mirror that energy. I've seen salespeople lose deals just
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because they didn't seem excited about what they were selling.
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If you don't believe in it, why should they?
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Be aware of your tone, your facial expressions, your body language.
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Even if you've had a tough day, reset each and every time before you interact with customers.
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Remember, it's lights, camera, action.
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All right? It's not about being an actor. You need to be your genuine self.
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But damn it, get excited. Jim Rohn says, nothing happens until someone gets
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excited and that someone is you.
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Customers don't care if you're tired. They care if you believe in what you're selling.
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Deal killer number three, weak or indecisive language.
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Weak or indecisive language. You know, phrases like, I think this might be a
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good fit for you, or maybe this will work.
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What? You think, or maybe, no, damn it, you know it will work for them,
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okay? I know this will work.
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Whenever you say words like maybe, and I think that is weak.
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Weak salespeople don't close deals. How do you fix it? Well, it's simple.
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Use strong, confident phrasing. Instead of saying, I think this might help you,
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say, based on what you told me, this is exactly what you need.
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Do you see the difference?
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Confidence sells. Indecision doesn't. Stop being weak with your language.
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Look, I've told you before, practice, get in front of a mirror.
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Hell, get you a microphone, kind of like this podcast mic.
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Get a microphone, put on some headphones, listen to your voice,
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listen to your tonality, okay?
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Deal killer number four, ignoring micro objections.
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Now, here's one that flies right under the radar every time.
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People are like, what the hell is a micro objection?
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Sometimes a customer won't come right out and say, I have a concern.
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Instead, they'll hesitate. they cross their arms or they go quiet.
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These are little signs that are red flags that most salespeople miss.
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So look, how do you fix it? Well, you simply pay attention to body language and hesitation.
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If you sense resistance, call it out. Look, Mr. and Mrs. Customer,
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I noticed you paused when we talked about the payment.
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What's on your mind? Just be direct.
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Sometimes I think salespeople try to come up with some magic sentence that they
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think is, I don't know, going to trick the prospect into thinking something.
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Then just ask them, what is on your mind?
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You know, the old saying, penny for your thoughts.
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What are you thinking? What is on your mind?
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This simply brings objections to the surface so you can basically handle them
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before they kill the deal.
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Look, guys, you want objections if, well, you don't want them.
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What I'm trying to say is if there's an objection hidden inside of your prospect,
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you have to ask the questions to get the objections out.
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All right. Get them out of the customer so you can deal with it.
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You're the professional. If you know your product and you know what you're doing,
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you'll have no problem overcoming the objection.
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Deal killer number five, selling features instead of outcomes.
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Most salespeople talk about the features, the benefits instead of the outcomes.
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Example, this car has heated seats. Okay.
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And why should the customer care? Unless the customer told you,
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I have to have heated seats in the car.
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If it doesn't have heated seats, then I don't even want to look at the car.
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Okay. Then you can show them the car and say, I got great news.
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It has heated seats. But if they don't talk about heated seats,
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then don't talk about it. Don't bring it up. All right.
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Tie every feature to the benefit. Instead of this car has heated seats,
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say something like, look, this means you'll never have to start your mornings freezing again.
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So you can talk about benefits without saying the actual benefit.
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Look, it's got navigation.
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You don't have to say that. It's got heated seats. Don't say that.
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Make up a story with what you're saying. You know, you don't have to worry about
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getting up in the morning.
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We sell LoJack on our cars, you know, and I like LoJack. I think it's a great
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product. I've been selling it for years.
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I've never had one customer, not one, bitch about it. So I'm not trying to sell it to you right now.
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I'm just trying to make the point that I don't sell LoJack as an anti-theft device.
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I sell LoJack as those mornings when it's freezing, you know,
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when you walk outside and you go to crank your car and you're already running
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late for work and the damn thing won't start because the battery's dead.
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This low jack product, this device will let you know before the battery dies.
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It will let you know. So you can avoid that.
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Those are the ways that you come across properly to a customer to sell a benefit or a feature. Okay.
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So sell the outcome, not the product.
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Deal killer number six, poor body language and eye contact, poor body language
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and eye contact, crossed arms, lack of eye contact, fidgeting.
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It all signals that you're nervous or you quite frankly are dishonest.
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I don't understand people that don't make, now don't make like serial killer,
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you know, eye contact staring into their eyes and looking all crazy,
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but you want to make eye contact. You don't want to be fidgeting.
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Get rid of your nervousness. Okay. How do you do this is simply maintain a good, strong eye contact.
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You know, when you know your shit, when you know what you're doing,
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when you know what you're talking about, you shouldn't have a problem maintaining
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strong eye contact because what? It displays confidence.
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You want to have an open posture. You want to make sure you have controlled
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movements. Don't be all spastic and talking like a crazy person like I do sometimes.
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And I'm flailing my arms around. Control yourself. All right.
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People trust confidence.
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Deal killer number seven, failing to create urgency.
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If you injure a pitch with, let me know what you think, you've already lost.
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Man, and I hear this to this day. I still hear people saying this.
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Well, just let me know what you think.
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Without urgency, customers procrastinate and they talk themselves out of the sale.
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Create urgency without pressure. Use scarcity. You know, it's got limited availability.
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We have a lot of leads coming in on this particular unit.
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Exclusivity. You know, I've got some special incentives on this right now.
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They're timeline based. They're going to go away.
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For example, this pricing is only available until the end of the day.
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If we get this wrapped up now, I can lock it in for you. Okay.
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Listen, when I was buying a house, my realtor, he was like, you got to lock
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in the rate now. You got to lock in the rate now. It's for your benefit.
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Well, I know rates move and everything, but dear God, it probably could have
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waited until the next day, but that's exactly what he told me. And guess what I did?
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I did it. I did exactly what he told me to do.
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Deal killer number eight, mishandling objections with defensiveness.
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Mishandling objections with defensiveness. It cracks me up when people embattle
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their prospect and they get all defensive.
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When customers object, don't get defensive.
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Objections aren't rejection. They're just buying signals. They don't have enough information.
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Welcome objections with curiosity. Instead of arguing, just simply ask,
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well, that's a great question. What specifically concerns you about that?
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What specifically concerns you about that? Dig deeper, find out what it is.
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Sometimes it's not even a real objection. All right. This basically shifts the
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dynamic, keeps the conversation open. That's all it does.
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Deal killer number nine, poor follow-up. Oh my God.
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Now for the record, I just, I think I said this on my last podcast.
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Don't call someone on the phone and say, well, Bill, I just wanted to follow up.
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Following up doesn't mean you say the words follow-up, just freaking follow-up.
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All right. the final deal seal deal killer being bad follow-up 80% of all sales
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require at least five to seven follow-ups five to seven okay.
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But most reps, you're not going to believe this, and well, you probably should,
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but you don't want to admit it.
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Most sales reps that I've ever met, they stop following up at the most three
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times. Three times they quit following up.
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Five to seven times minimum. And I used to work when I was a stockbroker.
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I worked for Ken Fisher, writes for Forbes magazines.
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I was one of his nationwide sales guys that traveled the country,
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and then I covered Tennessee for a while. And I remember talking to Ken Fisher
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and, and I said to him, I said, Ken, when do you stop following up with people?
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Cause he had a bank of like 90, you know, people on the phone that called all day long.
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And, you know, if it was illegal to call a prospect, they were calling.
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I said, Ken, when do you stop calling people? He said, when they buy or when they're dead.
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And that's about it. You know, and the whole point was, is that you keep following up.
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But the bottom line is, is most salespeople stop. It takes a minimum of five
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to seven contacts to get someone to become a customer.
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So follow up with value. Instead of saying, hey, you know, Mr.
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Prospect, I was just checking in.
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How about saying something useful like, hey, Mr. Prospect, I found an article
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that answers your financing question. I really thought you might find it helpful.
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People want value. Call them with a real reason.
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Give them some information. You know, people love it when you teach them something
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that they haven't heard before. Okay.
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So stay on their radar without being annoying. I call that being pleasantly
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persistent, pleasantly persistent.
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All right. So call into action. Let's recap real quick.
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So stop over talking and start listening, bring energy and enthusiasm.
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Use confident, decisive language, address objections proactively. and,
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Sell outcomes, not features. Master your damn body language and maybe your body odor. Sorry.
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Master your body language. Create urgency without pressure.
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Handle objections with curiosity, not defensiveness. Remember,
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folks, never in battle your prospects.
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And of course, for the love of commissions, follow up.
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Okay, so here's your challenge, right? So over the next week,
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what you need to do is a self-audit on your sales process. Pay attention to
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your tone, your body language, and your phrasing.
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Fix just one of these silent deal killers. And I promise you,
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you'll start closing more deals. I promise.
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Now go back, write these down and work on them.
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I say this all the time, but most salespeople don't do it because you're too
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lazy. You got other things to do.
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I know we have families and some people, you know, well, there's a lot of young
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salespeople out there that don't have anything. They've got an apartment and
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they got a few bills to pay.
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And all you got to do right now is crush it.
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All right. So I don't care if you've got a family. No one's busier than me.
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I mean, wife, kids, five grandkids, dog, cats, mother-in-law.
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I have wonderful parents that are still alive that are getting up there in age.
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I mean, I am a busy, busy man.
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And I still find time not only to do these podcasts and I do these,
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I swear to God, I do them for you. I do.
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Okay. So not only do I do the podcast for you, I do my own self-development,
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61 years of age as of me recording this podcast.
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Okay. And I still learn and I go, and I do, I go through training myself.
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So not only do I take training, I do training, I give training. All right.
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And I'm always learning. We all have to get better every day, ladies and gentlemen.
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Okay. And if you do these things, stop killing the deals. all right with the silent deal killers.
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And if you do this stuff, I will see every one of you killers out there at the top.
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Let's go out, make it a great day.
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Thanks for tuning in to the next level selling next level life podcast.
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