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Home Business Advice

Overcoming Typical Sales Objections for Small Businesses – Small Business Bonfire

1 year ago
in Business Advice
Reading Time: 3 mins read
Overcoming Typical Sales Objections for Small Businesses – Small Business Bonfire
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# A Beginner’s Guide to Overcoming Common Sales Objections

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## Introduction

Before we start discussing the most common sales objections, it’s important to understand that not every prospect will buy from you, and that’s okay. It’s crucial to focus on providing value and helping potential customers make the best decision for their needs. With that in mind, let’s explore the top objections you’re likely to face in sales and learn how to effectively address them.

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### Objection 1: “It’s too expensive.”

If you encounter this objection, it’s a sign that you haven’t effectively demonstrated the value of your offering. To transition the conversation from price to value, ask your prospect questions such as:

– **“What do you mean by expensive?”**
– **“Why do you think it’s too high?”**
– **“What aren’t you getting at this price that you expected?”**

By actively listening to their responses, you can showcase the value and benefits of your offer that justify the price point and address any concerns they may have.

—

### Objection 2: “I have to think about it”

When a prospect says they need time to think, it’s an opportunity to guide them towards the right decision. Ask questions like:

– **“Help me understand what you’re thinking about?”**
– **“What are the most important things you’re considering?”**
– **“I have the information you need; what can I answer for you?”**

By engaging in active listening and addressing their concerns, you can help them make an informed decision.

—

### Objection 3: “I need to run this by”

If a prospect wants to consult with others before making a decision, it may indicate that they haven’t been properly qualified. In this situation, ask thoughtful questions such as:

– **“What part do you need to run by your partner?”**
– **“What’s holding you back from making this decision solo?”**

Additionally, scheduling a three-way call with the decision-makers can provide an opportunity to address any concerns and move the sales process forward.

—

### Objection 4: “We’re already working with someone else”

When a prospect mentions they are already working with another vendor, it’s important to understand their pain points and showcase your differentiators. Ask questions like:

– **“What could the current vendor do better?”**
– **“Are you not considering switching even if there are areas for improvement?”**

Understanding the prospect’s needs and addressing their pain points can help position your offering as a valuable alternative.

—

### Objection 5: “I’m too busy.”

If a prospect claims to be too busy, it’s crucial to highlight the importance and value of your offering. Ask questions such as:

– **“So, solving these challenges isn’t a priority?”**
– **“Where does addressing these issues fit in your list of priorities?”**

By addressing the prospect’s concerns and highlighting the urgency of your offering, you can help them see the value in making time for a discussion.

—
By understanding and effectively addressing these common sales objections, you can enhance your sales conversations and increase your chances of closing deals. Remember to focus on providing value, actively listening to prospects, and addressing their concerns to navigate through these objections successfully.

Tags: BonfireHandling Common Sales ObjectionsSmall business
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