Closing Techniques: The “I Want to Think it Over” Close
Saving the Lost Sale
There is a powerful technique you can learn called the “I Want To Think It Over Close.” This is the only way I know to save this kind of lost sale. You know by now that when the customer says, “I want to think it over,” he is really saying “good bye.” You know from your own experience that customers do not think it over. They do not sit there carefully studying your brochures and price lists with a calculator and a pen.
People Are Often Ready to Buy
On the other hand, as many as 50 percent of the people you speak to are probably ready to buy at this point. They just need a little push. They need some help. A buying decision is traumatic for them. They are tense and uneasy, and afraid of making a mistake. They may be right on the verge of saying “yes” and they need the professional guidance of an excellent salesperson. But if you accept the “I want to think it over” at face value and depart, you will probably never get a chance to see them or to sell to them again.
Be Agreeable and Prepared
This is how you use it. When the prospect says, “I want to think it over,” you appear to accept it gracefully. You smile agreeably, and begin packing your briefcase and putting your materials away. As you do, you make conversation with these words: “Mr. Prospect, that’s a good idea. This is an important decision and you shouldn’t rush into it.” These words will cause the prospect to mentally relax. He sees that you are on your way. His resistance will drop as soon as you stop presenting and trying to sell.
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You then ask, in a curious tone of voice: “Mr. Prospect obviously you have a good reason for wanting to think it over. May I ask what it is; is it the money?”
Remain perfectly silent, watching his face. Smile gently. Take a deep breath and let it out slowly. This is a critical moment.
Again, you have nothing to lose. If you leave, you have lost this person as a prospect forever. The worst thing that he can say is that he has no particular reason but that he still wants to think it over. However, in many cases, he will reply by saying one of two things. He will say, “Yes, I’m concerned about the cost.” Or, he will say, “No, it’s not the money.”
Probe the Answer
If he says that “Yes, it’s the money,” you immediately go into a series of questions designed to deal with concerns about cost or price. You ask things like, “How do you mean, exactly? Why do you say that? Why do you feel that way? How far apart are we? Is price your only concern, or is there something else?”
If he says that, “No, it’s not the money,” you reply by asking “May I ask what it is?”
Again, you remain perfectly silent while you wait for his answer. In many cases, he will think about it for a few seconds, even a minute or longer, and then he will give you his final concern or objection. He will finally tell you what is really on his mind. He will tell you the real reason why he is hesitating about going ahead.
If you can now satisfy him on this final condition, you can go on to conclude the sale. You can say, “Mr. Prospect, what if we could do this…?” Or, “I think there is a perfect answer to that question.”
Here are two things you can do immediately to put these ideas into action.
First, memorize the words of this closing technique and practice it as you would for a play or movie. Role-play this technique with someone else if you can.
Second, use this technique as soon as possible, the very next time you hear those words, “Let me think it over.” You can save sales that might be lost forever.
About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on Google+, Twitter, Facebook, Pinterest, Linkedin and Youtube.