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Seeking Commitment - Closing the Sale [Sales Process Part 8 of 9]

The last step of the sales process at the meeting itself is to seek commitment: to ask the prospect if they will buy. This is called ‘closing’. The Book of the Course! Sales Skills: A Management Courses Introduction This book gives a broad introduction to the topic, for managers and professionals who don’t want or intend to specialize in sales and selling. And as a fast start for someone needing to make a start in selling, for whatever reason. Get the kindle Exclusive book from: https://geni.us/TL5BKeD Watching this video is worth 2 Management Courses CPD Points*. 🔎 See below for details Sales and Selling Skills This video is part of course module 8.4.1 Program 8: Managing Customers and Clients Course 4: Sales / Selling Skills Section 1: The Sales Process Other videos that describe the Sales Process: 🎬 The Sales Process    • The Sales Process - a Summary of the 9 Ste...   🎬 Sales Prospecting    • Sales Prospecting [Sales Process Part 1 of 9]   🎬 Pre-Sales Activities    • Pre-Sales Activities [Sales Process Part 2...   🎬 Rapport Building    • Sales Meeting Rapport Building [Sales Proc...   🎬 Opening the Sales Meeting    • Opening the Sales Meeting [Sales Process P...   🎬 Diagnosing the Need    • Diagnosis: Diagnosing the Customer's Need ...   🎬 Presenting Solutions    • Presenting Solutions [Sales Process Part 6...   🎬 Handling Objections    • Handling Objections to the Sale [Sales Pro...   🎬 After Sales Activities    • After-Sales Activities [Sales Process Part...   LESSON NOTES There is a three-step process to asking for commitment: 1. Check 2. Summarize 3. Close Check Check that you have answered all their questions, concerns, and potential objections. Summarize Summarize where you are and where you think your prospect is. If they confirm, make atrial close, with something like ‘does this sound good?’ Close Expect to close. Choose the right time. Do not hesitate or be timid. If you don’t ask, you don’t get. So, ask, ‘are you ready to commit to this?’ Or ‘Which option would you like to go for?’ And, if you don’t get a ‘yes’, then apply the power of ‘yet’. Ask, ‘what is stopping you from feeling ready to commit?’ because you weren’t quite ready, and you need to either revert to objection handling, or respect their need for more time. The single most important thing that a salesperson needs is resilience - the ability to bounce back from disappointment and stay positive. Once you have a close… Stop. Shut up. Do not say anything more. You have what you want: a sale. There is a real danger that anything you add after the close can cause problems. It cannot make things better, so, it can only make them worse. It’s called ‘buying back the deal’. The only things to talk about now are: • Logistics and organizational arrangements • Pleasantries and courtesies Agree what’s next, and you will move straight to the next step. In our next video, I’ll talk about the after-sales step in the sales process. DOWNLOADS Free Resources 🧰 CPD Tools - https://gum.co/MC-CPD Paid resources 🧳 Management Courses Onboarding Kit - https://gum.co/MC-ObK ($3) RECOMMENDED READING There are many books that introduce sales and selling. These are the ones I have, and can recommend: 📖 To Sell Is Human https://geni.us/L2EQmt 📖 The Only Sales Guide You'll Ever Need https://geni.us/AEAVD5 📖 The New Strategic Selling https://geni.us/Zt2Z9n3 📖 SPIN Selling https://geni.us/Ir5xu 📖 The Psychology of Selling https://geni.us/AjR8AA ⭕️ Links to our book recommendations are affiliated through Amazon and help support our free videos Managers Need a Basic set of kit to do your job well. Here are my top recommendations: https://kit.co/MikeClayton/manager-s-... (the links are affiliated) MANAGEMENT COURSES CONTINUING PROFESSIONAL DEVELOPMENT (CPD) POINTS You can record your Management Courses CPD points on our free, downloadable CPD record log. 📓 Download it at: https://gum.co/MC-CPD Each video has two levels of MC CPD points. For this video: If you simply watched the video, record 2 MC CPD points CHAPTER MARKERS 00:00 - The last step in the sales process: Asking for commitment… or ‘closing’ 00:20 - ABC - Always Be Closing 01:49 - If you don’t seek commitment… 02:10 - Three-set process for asking for commitment 02:23 - Check 02:34 - Summarize 02:50 - Close 03:14 - The Power of ‘Yet’ 03:30 - Why they won’t close 03:49 - The most important this you need 04:10 - Once you have a close… 05:09 - The two things to talk about after the close #Closing #SalesCommitment #SalesProcess