NEPQ General Flashcards
What is the goal of sales?
To interact with a potential customer and discover if there is a potential sale to be made or not.
What are the three things you must do to sell in the modern world?
- Learn to eliminate sales resistance
- Focus on the customer
- Get the customer to think for themselves and question their current way of thinking.
What is is the D in DELTA?
Develop prospective customers interest so that they are willing to hear you out.
What is the E in DELTA?
Engage customers in a meaningful dialogue.
What is the L in DELTA?
Learn the prospect’s situation/problem/challenge.
What is the T in DELTA?
Tell your story after you clearly understand that your product or service is a fit for their situation, problem or challenge.
What is the A in DELTA?
Ask for a commitment - that is, when a commitment is appropriate.
What is sales myth #1?
Selling is a numbers game.
What is sales myth #2?
Rejection is just a part of sales.
What is sales myth #3?
You need to be enthusiastic about your product/service.
What is sales myth #4?
The sale is lost at the end of the sale.
What is sales myth #5?
If you assume the sale, they will buy.
What is sales myth #6?
Always be closing.
What are the 5 principles of the new model of selling?
- Be a problem finder and solver, not a product pusher.
- Timing is everything. Ask the right questions at the right time.
- Listen to what your prospect means. Not just what they say.
- Use the commitment formula. Summarise - Relate To Benefits - Qualify - Commitment Question.
- Eliminate sales pressure and resistance by building trust using neutral language, and prioritising the prospects agenda.
What’s your opener?
Hi, is this [company name]? (uncertain tone)
Hi there, this just James Kane… I was wondering if you could possibly help me out for a moment?
Prospect: “Sure, how can I help you?”
“Well I’m not quite sure that you could yet… I was just wondering if you would be opposed to looking at any possible issues with how you’re currently getting new customers, that may be causing you to waste time chasing unqualified leads or heavy price shoppers?”
Prospect: “Who’s this? What’s this all about?”
“Oh, I apologise, I didn’t mean to offend you, what we do is, you know how…”
Prospect: “We already have an agency.”
“Yeah, that’s pretty normal, and to be frank, I’m not sure we can even help you yet. I would have to know a little bit more about the the quantity and quality of the leads you’re getting to see whether we can even help you. And if we can’t, we can just end the call, or I might be able to suggest someone to you who could better help you in that area. Would that be appropriate?”
Prospect:
1. “What’s this all about?”
2. “Who are you?”
“You know how a lot of contractors nowadays are completely reliant on referrals and find it difficult to advertise with the increasing cost of ads and the changes going on in the online advertising space? Well we help contractors like that bring in higher quality leads at a lower ad cost so they can get back all the time they spend chasing time wasters and have a system that makes their income much more predictable and controllable”
(Pause)
“Does that resonate with you or is it something you/your company could be experiencing?”
If the prospect is really interested in your personalised opener, what do you say/do?
Go right into your first situation question, for example:
“Now I guess I should probably ask how you currently get new customers just to see if I could actually help you?”
What is the longer situation question that can be used after the problem statement and personalised introduction?
“Before i go through who we are, what we do, and all that kind of boring stuff, it might be appropriate if we knew a little bit more about your business and what you do to get new customers to see whether we could actually help you. If you don’t mind me asking, how do you currently get new customers?”
Prospect: “What are you selling?!”
“Oh, I apologise if I have offended you. I’m not actually convinced that I could even help you yet. And it might be appropriate if we asked each other a few questions to see whether what we do could even help you. Would that work? [or] Would that be appropriate? [or] Would you be opposed to that?
How do you know if you are connecting with a prospect?
By how much of their history they share with you. The more skilled the questions. The more they will open up.
What three destination points will you eventually arrive at with your prospect?
- They have no need
- They have a need but no real desire to change their situation
- They have a need and a real desire to change their situation.