Dr. Karen Otazo

Global Leadership Network

Optimizing Executive Talent

Character
People grow through experience if they meet life honestly and courageously.
This is how character is built

- Eleanor Roosevelt

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  Truth 22. “Closing the Sale” is About Gauging the Right Moment to Ask For What You Want

There’s a highly successful communications chief at a large US government agency who started his career selling Fuller Brushes door-to-door. Rather than hide his humble past, he attributes his career success to those first hard lessons learned from selling. The experience of “cold calling” -- the daily routine of knocking on a closed door, asking for the sale, and coping with rejection – helped hone skills that proved invaluable to him in all future jobs, sales-related or not.

Whatever your job, much of your time at work will be dedicated to “selling” things to others, whether those things are ideas, projects, or even yourself. Salespeople often say that closing the sale is the toughest part of their role. That stands for all those work negotiations too. How do you efficiently and effectively get to a point where hands are shaken, your idea chosen, a new initiative agreed, or the pay increase offered? The truth is that there is no easy formula. However, two pieces of guidance hold true. First, you must openly and explicitly ask for what you want. The second is that you need to ask when the time is right.

Asking for the sale is about focus. On the one hand, this means being absolutely sure of what you want to make happen, and holding this in your head the whole time that you are speaking. On the other it means noticing the way in which the other person is responding to you and your words as you move toward the sale.

The trick is to gradually move that other person toward commitment, closing the sale stage by stage. The more difficult the sell the more stages you need. This means that rather than ask for the endgame upfront you convey elements of your idea one by one, finding agreement on each. Every time that the customer nods his or her head, smiles or shows positive interest to even a small part of your story, you gain a positive ‘vote’ from him or her, and move closer to commitment to the broader theme. When you feel that you have gathered a good number of votes, it’s time to ask for the real “sale.”

Catharine managed a mortgage services department. With a batch of mortgages “at risk” she wanted to sell the idea of an additional person in her group to do an ongoing risk review. However, her company saw all risk as a central, shared function. Catharine made her case over two months by gradually letting her boss know the potential financial exposure if something went wrong. Her boss became curious about the numbers involved and felt comfortable with Catharine’s analysis. When she finally asked for the additional staff he said, “I was waiting for you to ask.”

Comfort and curiosity are the key words from that story, and in closing the sale in general. You achieve both by researching people before you approach them to determine their key concerns. You can then refer to these in your interaction. This tactic reassures them that you understand them and the company, and helps you clearly present them with a rationale to pique their interest. This makes them want to continue talking with you because they sense that it may be in their, and the company’s, best interest.

Many of us flinch at the idea of “selling” because we don’t like pushing people. That instinct is correct. Forceful tactics provoke resistance from others, making them reluctant to continue talking. The smart seller builds a rapport with the other party, gradually gaining their support. Then when the moment is right, the most natural and sensible thing in the world is to ask. If you don’t ask, you won’t get.
 
 

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