{"id":3031,"date":"2017-05-12T16:20:00","date_gmt":"2023-10-18T16:20:57","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=3031"},"modified":"2023-10-18T17:35:49","modified_gmt":"2023-10-18T17:35:49","slug":"sales-closing-techniques","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/ca\/blog\/sales-closing-techniques\/","title":{"rendered":"5 Ways To Get From Nearly-There To Closed Deals"},"content":{"rendered":"\n<p>We all think we know what closing a deal looks like. You might picture shaking the customer\u2019s hand, sharing a smile or watching as they sign the paperwork.<\/p>\n<p>That\u2019s not really what closing looks like, though. Those are actually snapshots of what happens once the essential details have been dealt with. The process of closing begins much earlier, and involves steps that can\u2019t be ignored if you don\u2019t want to the deal to disappear entirely. \u201cNearly there\u201d isn\u2019t good enough when you\u2019re closing.<\/p>\n<p>Closing the sale isn\u2019t just good for business growth. It\u2019s also key to retaining talent.<a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/careers\/leadership-lab\/four-ways-to-limit-turnover-in-your-salesforce\/article34795257\/\"> A recent survey by the Canadian Professional Sales Association and Mercer Canada<\/a> showed that turnover in sales teams was on the rise in nearly every major sector. The top reason for moving on was failing to meet quota \u2014 in other words, an inability to close sales effectively.<\/p>\n<p>Fortunately, you can count the steps of how to close sales on one hand.<\/p>\n<h3>1. Identify Your Account Team And Key Influencers<\/h3>\n<p>Leads can come to sales teams through all types of channels, but what\u2019s really important is how to nurture a lead into a genuine prospect. That means knowing who the ultimate decision-maker is \u2014 and whether there is an ecosystem of influencers who will be part of that final decision.<\/p>\n<p>Let\u2019s say someone fills out a contact form on your web site looking for more information on a product or service. That person might be the decision maker or end customer, or they might be simply doing some research for someone higher up. A manager might be trying to get background information, for instance, but the decision-maker is the director. However, a VP \u2014 the director\u2019s boss \u2014 might give guidance or financial approval before the deal can close.<\/p>\n<p>As you set up those initial calls or meetings, you\u2019ll need to get a sense of who the team members are within the prospect account. Then, bear in mind the additional hoops the decision maker will have to jump through and what kind of information might proactively answer the questions or objections they\u2019ll face internally.<\/p>\n<h3>2. Nail Down The Qualifying Question That Ensures A Deal Will Close<\/h3>\n<p>Companies reach out to sales teams for many reasons \u2014 not just because they want to buy things. Some want to make sure they\u2019re on top of changes within their particular market and understand the tools their competitors might be using. Others want to get details for brainstorming exercises they conduct as part of their long-term strategic planning process.<\/p>\n<p>This is why smart sales pros use qualifying questions to make sure their prospects are worth pursuing. Some common questions are:<\/p>\n<ul>\n<li>\n<p>What\u2019s the business problem the prospect is trying to solve?<\/p>\n<\/li>\n<li>\n<p>What\u2019s the timeline to make the purchase?<\/p>\n<\/li>\n<li>\n<p>Is there budget available and is there a particular range?<\/p>\n<\/li>\n<\/ul>\n<p>There\u2019s one qualifying question, however, that will really determine whether you\u2019re ever going to close a sale, and it\u2019s a difficult one to ask directly: Is this company prepared to act?<\/p>\n<p>In other words, based on what you\u2019re hearing about their business problem, their timeline and budget, is the company committed to doing something about it? Will the consequences of putting off a purchase or not making a purchase hurt the company\u2019s bottom line, affect its reputation or cause other adverse effects?<\/p>\n<p>If the answer to this question is no, even the most \u201cnearly there\u201d deals will not close. That\u2019s why having lots of data on the customer or prospect is so critical, because how they\u2019ve behaved in the past can be a good indicator of their commitment in the future.<\/p>\n<h3>3. Recognize Where You Might Get Shopped Around<\/h3>\n<p>You don\u2019t have to be involved in a competitive RFP to know that a prospect is considering other vendors. The bigger question is whether those competitors also represent brand-new relationships or vendors with whom the prospect has had some kind of history. If it\u2019s the latter, the prospect may simply be looking for some information to use as leverage in their next buying cycle, in which case you\u2019re much less likely to close.<\/p>\n<p>Prospects won\u2019t always share the details of who else is under consideration, so be armed with whatever marketing materials can help solidify your position. This could be as simple as a comparative pricing guide, case studies from customers in the same market or spec sheets that make the final decision easier.<\/p>\n<h3>4. Prepare Some \u201cOther Than Price\u2019\u2019 Advantages<\/h3>\n<p>Closing a \u201cnearly there\u201d deal can be derailed at the last moment if the prospect says they simply can\u2019t afford your products or services. Even when budget discussions are held up front, things can change over the life cycle of a sales conversation. No one wants to compete on price, but if companies are shopping around they won\u2019t hesitate to use it as a negotiating tactic.<\/p>\n<p>If you\u2019ve done your research beforehand, you\u2019ll already have a sense of where your pricing sits vs. the competition. Make sure you also have some ideas of other factors that are important to them in choosing a supplier. These could include:<\/p>\n<ul>\n<li>\n<p>Speed: If you can deploy products and services more quickly, or even get answers to questions earlier than the competition, it may be worth a higher price.<\/p>\n<\/li>\n<li>\n<p>Roadmaps: Can you provide exclusive information on how your products and services are developing and allow customers to be first in line to try new features?<\/p>\n<\/li>\n<li>\n<p>Support: Can you offer some guarantees or additional communication options (like social media) to resolve any issues?<\/p>\n<\/li>\n<\/ul>\n<h3>5. Ask Them To Take The Ultimate A\/B Test<\/h3>\n<p>You may be this close to wrapping up a deal and the prospect sends an e-mail informing you they\u2019re going to hold off. In many cases they might not provide solid reasons. That\u2019s when, without being too pushy, you can do a sort of A\/B test to see if you can get at the real explanation.<\/p>\n<p>For example, you could ask something like, \u201cWas our price too high, or did you need a quicker turnaround on deployment?\u201d Even if they don\u2019t choose option \u201cA\u201d or \u201cB,\u201d they might share details about holding off that could help you figure out what you could do to nudge the purchase forward.<\/p>\n<p>If you do all this correctly, you\u2019ll never be working on a deal that\u2019s \u201cnearly there,\u201d you\u2019ll move with certainty towards closing the sale every time.<\/p>\n<p>Learn more sales closing techniques in our eBook, \u201c100 Sales Tips for 2017.\u201d<\/p>\n<p><a adhocenable=\"false\" href=\"https:\/\/www.salesforce.com\/ca\/form\/blog\/sales-tips-2017.jsp?d=7010M000002MONe\"><img decoding=\"async\" src=\"https:\/\/www.salesforce.com\/ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/10\/sf-cta-100-sales-tips-2017.gif?strip=all&#038;quality=95\" alt=\"100 Sales Tips for 2017. Get the ebook.\"><\/img><\/a><\/p>\n<p> <span id=\"authorRoot\" path=\"\/content\/blogs\/ca\/en\/authors\/\"><\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all think we know what closing a deal looks like. You might picture shaking the customer\u2019s hand, sharing a smile or watching as they sign the paperwork.<br \/>\nThat\u2019s not really what closing looks like, though. Those are actually snapshots of what happens once the essential details have been dealt<\/p>\n","protected":false},"author":1,"featured_media":3033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sf_justforyou_enable_alt":true,"optimizely_content_id":"","post_meta_title":"","ai_synopsis":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"sf_topic":[4],"sf_content_type":[],"coauthors":[2],"class_list":["post-3031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sf_topic-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Ways To Get From Nearly-There To Closed Deals - Salesforce<\/title>\n<meta name=\"description\" content=\"We all think we know what closing a deal looks like. 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