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Chapter 15
How to Close a Sale
Closing Concepts and Techniques


       • Closing the sale (def) – is obtaining
         an agreement to buy from the
         customer
          – Preparing for the sale (pre-approach),
            initiating the sale (approach), product
            presentation and handling objections
            have led up to this point
       • Salespeople must be flexible
          – You may show a person a product and
            almost immediately detect an
            opportunity to close the sale and you
            may spend an hour with another who is
            having difficulty making a decision
Timing the Close


      • Buying Signals (def) – things
        customers do or say to indicate
        readiness to buy
         – Facial expressions, body language, and
           comments
      • Trial Close (def) – an initial effort to
        close a sale
         – Test the readiness of customer
         – You benefit either way
            • If they are ready, you made the
              sale!
            • If they are not ready, they will likely
              tell you why they are not ready to
              buy and you can continue with the
              selling process
Rules for Closing the Sale

      • Recognize closing
        opportunities
      • Help customers make a
        decision
         – If they are having difficulty
           deciding, stop showing additional
           merchandise
         – Remove items they are no
           longer interested in by asking
           questions
         – Narrow to 2 and then summarize
           major features and benefits,
           advantages and disadvantages
• Create an Ownership Mentality
  – Use words that indicate
    ownership like you and your
• Do not talk too much or rush
  – When you think they are ready to
    make a decision – stop talking
    about the product
  – Don’t rush them into a decision
  – Be patient, courteous, polite, and
    helpful – customer satisfaction is
    the #1 interest
Specialized Methods of Closing the Sale


       • Which Close (def) – encourages a
         customer to make a decision between
         two items
          – Remove/narrow to two
          – Review features and benefits
       • Standing-room-only Close(def) – used
         when a product is in short supply or
         when the price will be going up in the
         near future
          – Only used when the situation honestly calls
            for it
          – May be perceived as a high-pressure tactic
• Direct Close (def) – a method
  in which you ask for the sale
  – Use when buying signal is very
    strong
• Service Close (def) – a closing
  method in which you explain
  services that overcome
  obstacles, problems or
  instances
  – Gift wrapping, a return policy,
    warranties and guarantees, and
    bonuses or premiums
Failure to Close the Sale


      • If fail, invite customer to shop
        in the store again
      • Get feedback
         – You are still a prospect for future
           business, get something out of a
           failed sale
      • Maintain a positive attitude
         – Must always be smiling and
           friendly – even if a sale fails
      • Training, experience, and
        continuous hard work
Effective Selling


      • Maintaining and building
        clientele is crucial for future
        sales
      • The actual sale is just the
        beginning
      • To keep customers
         – Make a good impression
         – Get to know them
         – Provide excellent customer
           service
Suggestion Selling


      • (def) – is selling additional
        goods or services to the
        customer
         – Example: toy and batteries
      • Benefits the salesperson, the
        customer, and the company
Rules for Suggestion Selling


       • Five basic rules
          – Use after the customer has
            made a commitment to buy but
            before payment is made
          – Make a recommendation from
            their point of view and give a
            reason for your suggestion
          – Make the suggestion definite
          – Show the item suggested
          – Make suggestion positive
Suggestion Selling Methods


      1. Offering Related Merchandise
         – Aka: cross selling
         – Introduce another product of possible
           interest to the customer
         – Easiest and most effective selling
           method
      2. Recommending Larger Quantities
         – Aka: up selling
         – Works when selling inexpensive items,
           savings in money, time, and
           convenience are involved
• Calling Attention to Special
  Sales Opportunities
  – Obligated to communicate
    special sales opportunities
  – Remind customer of arrival of
    new merchandise
Maintaining and Building Clientele


       • Occurs after the sale
       • Two key factors:
          – After-sale activities
          – Customer relationship
            management
After-sales Activities


      • Order Processing
         – Bag the merchandise with care
         – Individual wrapping of fragile
         – Work quickly to bag and
           complete payment
      • Departure
         – Reassure of wise buying choices
         – Educate about special care or
           instructions
         – Remind of how to get best
           results
         – Thank them and invite back!
• Order Fulfillment
   – More complicated in e-commerce, mail
     and phone orders
   – Includes taking order, financial
     processing, picking the right product,
     packing it well, and shipping according
     to customer’s preference
   – May also include customer service,
     technical support, and handling returns
     and refunds
   – Make customer happy
• Follow-up
   – Make arrangements to follow through
     on promises made
   – Checking satisfaction on purchase
   – Follow-up ideas:
      • Call shipping to confirm a special
         delivery date
      • Make sure delivery occurs as
         promised
      • Call and explain any delays
      • Phone a week or two after to see if
         happy
      • Send a thank you note with a
         business card attached
• Customer Service
  – Handle customer inquiries and
    complaints
  – How complaints are handled is
    crucial to maintaining clientele
  – Customers expect immediate
    action
  – Goal = customer satisfaction
• Keeping a Client File
   – Take notes on conversation
      • Note preference in color, style, size,
        phone number and address
   – B2B notes on personal information
      • Marital status, children, and hobbies
• Evaluate Sales Efforts
   – You are your worst critic – self-evaluate
     and look for possible improvements for
     your next sales opportunity
Customer Relationship Management


      • CRM (def) – involves finding
        customers and keeping them
        satisfied
         – Technology – software for CRM
         – Maintain Contact – provide solutions to
           customers problems
         – maintain relationships – direct mail
           promotions
         – Develop Customer Loyalty – inform
           about sales, new products, company
           news, and after-sale activities
         – Customer Loyalty and Reward
           Programs – frequent flier, prize entries,
           advanced notice of special sales

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How to Close a Sale and Maintain Clientele

  • 1. Chapter 15 How to Close a Sale
  • 2. Closing Concepts and Techniques • Closing the sale (def) – is obtaining an agreement to buy from the customer – Preparing for the sale (pre-approach), initiating the sale (approach), product presentation and handling objections have led up to this point • Salespeople must be flexible – You may show a person a product and almost immediately detect an opportunity to close the sale and you may spend an hour with another who is having difficulty making a decision
  • 3. Timing the Close • Buying Signals (def) – things customers do or say to indicate readiness to buy – Facial expressions, body language, and comments • Trial Close (def) – an initial effort to close a sale – Test the readiness of customer – You benefit either way • If they are ready, you made the sale! • If they are not ready, they will likely tell you why they are not ready to buy and you can continue with the selling process
  • 4. Rules for Closing the Sale • Recognize closing opportunities • Help customers make a decision – If they are having difficulty deciding, stop showing additional merchandise – Remove items they are no longer interested in by asking questions – Narrow to 2 and then summarize major features and benefits, advantages and disadvantages
  • 5. • Create an Ownership Mentality – Use words that indicate ownership like you and your • Do not talk too much or rush – When you think they are ready to make a decision – stop talking about the product – Don’t rush them into a decision – Be patient, courteous, polite, and helpful – customer satisfaction is the #1 interest
  • 6. Specialized Methods of Closing the Sale • Which Close (def) – encourages a customer to make a decision between two items – Remove/narrow to two – Review features and benefits • Standing-room-only Close(def) – used when a product is in short supply or when the price will be going up in the near future – Only used when the situation honestly calls for it – May be perceived as a high-pressure tactic
  • 7. • Direct Close (def) – a method in which you ask for the sale – Use when buying signal is very strong • Service Close (def) – a closing method in which you explain services that overcome obstacles, problems or instances – Gift wrapping, a return policy, warranties and guarantees, and bonuses or premiums
  • 8. Failure to Close the Sale • If fail, invite customer to shop in the store again • Get feedback – You are still a prospect for future business, get something out of a failed sale • Maintain a positive attitude – Must always be smiling and friendly – even if a sale fails • Training, experience, and continuous hard work
  • 9. Effective Selling • Maintaining and building clientele is crucial for future sales • The actual sale is just the beginning • To keep customers – Make a good impression – Get to know them – Provide excellent customer service
  • 10. Suggestion Selling • (def) – is selling additional goods or services to the customer – Example: toy and batteries • Benefits the salesperson, the customer, and the company
  • 11. Rules for Suggestion Selling • Five basic rules – Use after the customer has made a commitment to buy but before payment is made – Make a recommendation from their point of view and give a reason for your suggestion – Make the suggestion definite – Show the item suggested – Make suggestion positive
  • 12. Suggestion Selling Methods 1. Offering Related Merchandise – Aka: cross selling – Introduce another product of possible interest to the customer – Easiest and most effective selling method 2. Recommending Larger Quantities – Aka: up selling – Works when selling inexpensive items, savings in money, time, and convenience are involved
  • 13. • Calling Attention to Special Sales Opportunities – Obligated to communicate special sales opportunities – Remind customer of arrival of new merchandise
  • 14. Maintaining and Building Clientele • Occurs after the sale • Two key factors: – After-sale activities – Customer relationship management
  • 15. After-sales Activities • Order Processing – Bag the merchandise with care – Individual wrapping of fragile – Work quickly to bag and complete payment • Departure – Reassure of wise buying choices – Educate about special care or instructions – Remind of how to get best results – Thank them and invite back!
  • 16. • Order Fulfillment – More complicated in e-commerce, mail and phone orders – Includes taking order, financial processing, picking the right product, packing it well, and shipping according to customer’s preference – May also include customer service, technical support, and handling returns and refunds – Make customer happy
  • 17. • Follow-up – Make arrangements to follow through on promises made – Checking satisfaction on purchase – Follow-up ideas: • Call shipping to confirm a special delivery date • Make sure delivery occurs as promised • Call and explain any delays • Phone a week or two after to see if happy • Send a thank you note with a business card attached
  • 18. • Customer Service – Handle customer inquiries and complaints – How complaints are handled is crucial to maintaining clientele – Customers expect immediate action – Goal = customer satisfaction
  • 19. • Keeping a Client File – Take notes on conversation • Note preference in color, style, size, phone number and address – B2B notes on personal information • Marital status, children, and hobbies • Evaluate Sales Efforts – You are your worst critic – self-evaluate and look for possible improvements for your next sales opportunity
  • 20. Customer Relationship Management • CRM (def) – involves finding customers and keeping them satisfied – Technology – software for CRM – Maintain Contact – provide solutions to customers problems – maintain relationships – direct mail promotions – Develop Customer Loyalty – inform about sales, new products, company news, and after-sale activities – Customer Loyalty and Reward Programs – frequent flier, prize entries, advanced notice of special sales