How to answer the 4 biggest objections and close the sale
The four most common sales objections are typically price, need, trust, and timing. Below is a concise guide on how to address each objection effectively and close the sale, based on standard sales practices. Handling the 4 Biggest Sales Objections Price Objection: "It's too expensive."Response:
Reframe the price as an investment with clear value. Ask about their budget constraints, then emphasise how the product/service delivers long-term benefits or savings. Example: "I hear you on cost. Let’s look at how [product] can save you [specific benefit, e.g., time or money] over time. Compared to [alternative/doing nothing], it’s a solution that pays off."
Technique: Use a cost breakdown (e.g., daily cost equivalent) or offer payment plans if available.
Need Objection: "I don’t need this right now."Response: Uncover their pain points or goals through questions. Connect the product’s benefits to their specific situation, showing how it addresses current or future needs. Example: "Can you tell me about the challenges you’re facing with [issue]? [Product] helps by [specific benefit], which could make a big impact now or prevent issues later."
Technique: Share a success story of a similar customer who benefited from acting early.
Trust Objection: "I’m not sure about your company/product."Response: Build credibility with testimonials, case studies, or data. Be transparent and address concerns directly, offering assurances like guarantees or trials. Example: "I understand wanting confidence in your choice. Here’s how [product] helped [customer] achieve [result]. We also offer a [guarantee/trial] to ensure your satisfaction."
Technique: Provide social proof (e.g., reviews) or suggest a low-risk trial.
Timing Objection: "Now’s not a good time."Response: Explore the reason for the delay and highlight the cost of waiting. Create urgency with time-sensitive benefits or limited offers. Example: "I get that timing matters. What’s holding you back? Starting now could mean [benefit], and waiting might cost you [opportunity/problem]."
Technique: Use scarcity (e.g., limited-time offer) or emphasise immediate benefits.
Closing the Sale: After addressing objections, summarise the value by recapitulating how the product meets their needs. Example: "We’ve covered how [product] fits your budget, solves [problem], and comes with [support]. Does this feel like the right fit?"
Ask for the Sale: Use a direct or assumptive close. Example: "Are you ready to get started today?" or "Let’s set up [next step]."
Address Final Hesitation: Ask, “Is there anything else you need to move forward?” to uncover lingering concerns.
Simplify the Process: Ensure next steps are clear and easy to reduce friction.
Be persistent
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Original post by @dobartim
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@dobartim, this is a goldmine for anyone looking to sharpen their sales skills! Your breakdown of handling those common objections – price, need, trust, and timing – is incredibly practical and easy to digest. I especially appreciate the clear examples and actionable techniques you provide.
The "reframe the price as an investment" tip is spot on! So many people focus on the initial cost instead of the long-term value.
This post is a must-read for entrepreneurs, salespeople, and anyone looking to improve their persuasive communication. Thanks for sharing such valuable insights! I'm sure many Steemians will benefit from this. I'm definitely going to check out the Telegram group, "Creative Millionaires." Keep up the great work!