Gaebler Ventures Gaebler Ventures is a business incubator and holding company providing venture capital investment and shared services to early-stage companies. We've invested in some great portfolio companies. Some of the best resources for entrepreneurs -- all based on our real world experiences! Our guiding investment philosophy is to provide exceptional returns for our investors. Check out the latest news from Gaebler Ventures. Learn more about Gaeber Ventures! Get in touch. We'd love to talk with you!   
 
 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs

 

Entrepreneurial Selling

 

Anticipate Prospect Responses

Sales calls are easier if you know how your prospects will respond. For example, if you know that a particular prospect always starts with an outrageous request, you can prepare your response appropriately. However, in most cases, you will be calling people you don't know - which means you have to be thoroughly prepared for all possible demands and requests along with your responses. This helps you steer the conversation along the intended path. Here are a few sales call scenarios that you should always be prepared for and how best to handle them.

Every sales call is a journey into the unknown - or is it?
(article continues below)

The best sales reps are the ones who know what their prospects are going to say before they say it, even if they are speaking to a prospect for the first time. All it takes is a little planning and foresight, and you'll be on your way to selling with the best of them in no time.

Let's face it, sales calls would be a no-brainer if you knew what your prospects concerns would be before you make the call. With that kind of information, you could easily prepare a presentation that would knock their socks off. But the truth is, you already have that information. Just place yourself in the prospects shoes and imagine the kinds of things that would concern you. Here are a few common responses you should always be prepared for and some tips about how to handle them.

"We're happy with our current vendor."

Anyone who has been selling for more than a day knows that this is one of the most common responses to a sales call. What it really means is that the prospect doesn't want to waste her time talking to a sales rep. The good news for you is that it naturally leads into a follow-up question: "Who is your current vendor?" If you know your competition, you should be able to come back with something that makes a 5-minute conversation worthwhile, e.g. "We've found that we can consistently beat the that vendor on price by as much as 10%."

"What makes your product different?"

Like everyone else, prospects are under a time crunch. Rather than endure a longwinded song and dance routine, they want to cut to chase and hear why they should buy your product versus someone else's. Know your products unique characteristics and be prepared to quickly differentiate your products from the crowd. A little anecdotal evidence, e.g. "Some of my other customers with businesses similar to yours tell me that we have the best service department in the industry," doesn't hurt, either.

"How much money can I save with your product?"

This one is tricky unless you know how much they are already spending through their current vendor. Don't hesitate to ask for that information, especially if you know that you can beat the current vendor on price. However, if you know that your product is more expensive than the competition, you'll need to steer the conversation toward value. For example, try something like, "Price is important, but that's not the question you should be asking. The question you should be asking is what will I get for my money."

"How soon can you get it here?"

This question might indicate that the prospect has already made the decision to use your product. On the other hand, he might be testing you to determine your company's delivery and response time, too. To be safe, it's a good idea to check out your company's shipping schedules and delivery times in advance. If you have a quick turnaround time, you might even consider offering the information uninvited to sow a seed of doubt about the current supplier.

Related Articles

Want to learn more about this topic? If so, you will enjoy these articles:

Closing a Sale
Closing the Sale


Comment Board

We greatly appreciate any advice you can provide on this topic. Please contribute your insights on this topic so others can benefit.

Be the first to comment on this article.



Write a comment  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.

 

 

Additional Resources for Entrepreneurs

Starting a Business - Business Ideas - Naming and Branding - City Guides

Buying a Business - Writing a Business Plan - Raising Money - Incorporate

Small Business Marketing - Advertising Advice - Public Relations -

Customer Service Tips - Entrepreneurial Selling - Workplace Safety

Startup Leadership - Strategy - Intellectual Property and Entrepreneurs

Articles on Exporting - Human Resources for Entrepreneurs - Workers Comp

Legal Information for Entrepreneurs - Sarbanes-Oxley - Accounting - SBDC

Business Credit Cards - Nonprofit Entrepreneurs - Mission Statements

Tax Tips and Resources for Entrepreneurs - Operating Your Startup Business

Real Estate Decisions for Entrepreneurs - Franchising - Selling a Business

Starting a Home Business - Small Business Technology - Business Travel

Business Finance - Advice for Retailers - Entrepreneurship for Scientists

Administrative Professionals / Office Managers - Family Business Advice

Good Businesses to Start - Start an Energy Business - Start a Hedge Fund

Payroll Service Information - Productivity Tips - Bad Economy Advice

Small Business Websites - Search Engine Optimization - Online Reputation

Search Engine Marketing - Social Marketing Optimization - Business Forms

Business in the Jungle - Business in Fiction - Negotiating - Radio Ad Costs

Newspaper Advertising Rates - City-Specific Resources for Entrepreneurs

Small Business Insurance - Global Entrepreneurship - China & Entrepreneurs

Entrepreneur Features - Employee to Entrepreneur - Small Business Ethics

Acquisition Speculation - Good Business Books - SBA Franchise Loans

Small Business Loans - Studying Entrepreneurship - How Kids Make Money

Social Entrepreneurship - Mergers and Acquisitions -

Veteran Entrepreneurs - Useful Web Sites for Entrepreneurs - Dell Deals

Buy.com Deals - Female Entrepreneurship - Small Business Experts

Entrepreneurial Resources by State - Resources for Young Entrepreneurs

African American Entrepreneurs - Resources for Hispanic Entrepreneurs

Resources for Asian Entrepreneurs - Resources for Women Entrepreneurs

Resources for Gay Entrepreneurs - Businesses for Sale - Office Supplies

Economics - Lists of Small Business Incubators - Lists of Angel Investors

Lists of Venture Capital and Private Equity Firms - Franchise Opportunities

Recommended Products and Services for Entrepreneurs - Contributors

Get FREE Price Quotes from Multiple Vendors - Business Glossary