Sales Cards Flashcards

1
Q

What is the primary goal of a sales funnel?

A

To guide potential customers through interest, engagement, and conversion to a paying client.

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2
Q

What is the importance of building rapport in sales?

A

Building rapport establishes trust and helps customers feel more comfortable, making them more likely to engage and buy.

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3
Q

Why is asking open-ended questions crucial during a sales conversation?

A

Open-ended questions encourage customers to share their needs and concerns, giving you the insight to tailor your solutions.

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4
Q

What is the purpose of a value proposition?

A

A value proposition clearly explains why a product or service is valuable and how it solves a customer’s problem.

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5
Q

What is a ‘trial close’ in sales?

A

A trial close is a technique used to gauge a customer’s readiness to buy by asking questions like, ‘If we handle X, would you be ready to proceed?’

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6
Q

What is a key element of a successful sales presentation?

A

Focusing on how the product fulfills the customer’s needs and demonstrating value rather than just features.

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7
Q

Why is storytelling an important sales tool?

A

Storytelling connects with customers emotionally, making the sales pitch more relatable and engaging.

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8
Q

What is ‘value selling’?

A

Value selling focuses on communicating the tangible benefits and outcomes of a product or service, rather than just its features.

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9
Q

What is the difference between a ‘feature’ and a ‘benefit’ in sales?

A

A feature is a characteristic of a product, while a benefit explains how that feature solves a problem or adds value to the customer.

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10
Q

What is ‘consultative selling’?

A

A sales approach where the salesperson acts as a consultant, focusing on understanding the customer’s needs and providing tailored solutions.

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11
Q

What is the first step in handling objections?

A

Listen carefully to the customer’s concern without interrupting.

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12
Q

How can you turn an objection into an opportunity?

A

By addressing the objection head-on and reframing it as a benefit or showing how the product solves the problem.

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13
Q

What is the ‘Yes, and’ method for handling objections?

A

When a customer says a product is too expensive, respond with ‘Yes, and that’s because we use high-quality materials that will save you money in the long run.’

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14
Q

Why is it important to preempt objections?

A

Addressing potential concerns before they arise helps reduce resistance and makes the customer feel more confident about their decision.

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15
Q

What’s the best way to handle the ‘price is too high’ objection?

A

Focus on value by explaining how the product or service will deliver a return on investment over time.

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16
Q

How can you handle the ‘I need to think about it’ objection?

A

Ask if there’s any specific concern or question preventing the decision, and offer to clarify any details immediately.

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17
Q

What is the best response to ‘I’m just looking’?

A

Engage the customer by asking, ‘What exactly are you looking for?’ and guide the conversation to their needs.

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18
Q

What is the purpose of waiting 3 seconds before responding to an objection?

A

It shows that you’re actively listening and gives the customer time to reflect, creating a thoughtful and calm interaction.

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19
Q

How can asking ‘Is there anything besides price that’s stopping you from buying today?’ help close a deal?

A

It narrows the objection down to one issue, making it easier to address and move the customer toward a decision.

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20
Q

Why is it important to remain calm when handling objections?

A

Staying calm helps maintain a positive environment and reassures the customer that their concerns are valid and solvable.

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21
Q

What is the ‘Assumptive Close’ technique?

A

The salesperson assumes the sale has been made and asks questions like, ‘Would you prefer the contract to start next Monday?’

22
Q

What is the ‘Urgency Close’?

A

Creating a sense of urgency by highlighting time-sensitive offers, like ‘This special discount ends today.’

23
Q

What is the ‘Alternative Close’ technique?

A

Offering the customer two choices, such as, ‘Would you prefer the 6-month plan or the 12-month plan?’

24
Q

Why is it important to stay silent after asking for the sale?

A

It creates space for the customer to think and respond without feeling pressured, making them more likely to make a decision.

25
Q

What is the ‘Summary Close’?

A

Recapping all the benefits discussed, followed by asking for the sale, such as, ‘So we’ve agreed that this package solves all your business needs. Are you ready to move forward?’

26
Q

What is the ‘Direct Close’?

A

Directly asking the customer for their business, such as, ‘Are you ready to move forward with this package today?’

27
Q

What is the ‘Sharp Angle Close’?

A

When a customer asks for a concession, you respond with, ‘If I can do that for you, will you sign the contract today?’

28
Q

How does the ‘Trial Close’ work?

A

It checks for readiness without directly asking for the sale, such as, ‘How does this solution sound to you so far?’

29
Q

What is the ‘Takeaway Close’ technique?

A

Offering to remove a certain feature to bring down the price, which often leads the customer to reconsider the full package.

30
Q

How does the ‘Fear of Missing Out (FOMO)’ close work?

A

Emphasizing that a product or service is limited or in high demand, encouraging the customer to act quickly.

31
Q

Why is confidence important in a sales conversation?

A

Confidence reassures the customer that you believe in your product, which makes them more likely to trust your solution.

32
Q

What role does body language play in sales?

A

Positive body language, such as smiling and making eye contact, helps build trust and rapport with the customer.

33
Q

Why is it important to understand the customer’s dominant buying motive?

A

Knowing their primary motive helps you tailor your pitch to what matters most to them, increasing the chance of a sale.

34
Q

How does creating urgency help in sales?

A

Urgency pushes customers to make a quicker decision by emphasizing limited-time offers or benefits.

35
Q

Why is it important to use the customer’s name during the conversation?

A

Using their name personalizes the conversation and makes them feel valued and acknowledged.

36
Q

What does the phrase ‘people buy with emotions and justify with logic’ mean?

A

Customers make decisions based on feelings but need logical reasons to justify purchasing.

37
Q

How can positive reinforcement help during the sales process?

A

Complimenting the customer’s choices or acknowledging their concerns positively builds their confidence in the purchase.

38
Q

What is ‘social proof’ in sales?

A

Highlighting testimonials or case studies that show how others have benefited from the product helps reduce the customer’s perception of risk.

39
Q

How does scarcity influence buying behavior?

A

Scarcity increases the perceived value by making the product seem limited or exclusive, prompting quicker decisions.

40
Q

Why is it important to follow up after a meeting or call?

A

Following up shows persistence, keeps you at the top of your mind, and gives you another opportunity to answer any remaining questions.

41
Q

What is the ‘Consultative Sales Approach’?

A

A method where the salesperson acts as a consultant, focusing on the customer’s needs and providing personalized advice.

42
Q

What is the ‘SWOT Analysis’ used for in sales?

A

Identifying the customer’s Strengths, Weaknesses, Opportunities, and Threats to better tailor your solution.

43
Q

How can ‘Active Listening’ improve your sales results?

A

You build rapport and trust by fully understanding the customer’s needs and responding thoughtfully.

44
Q

What is a ‘Gap Analysis’ in sales?

A

Understanding where customers are now and where they want to be, and presenting your service as the bridge.

45
Q

How does ‘Reciprocity’ work in sales?

A

Offering something of value first, such as advice or a free service, makes the customer more likely to return the favor by buying.

46
Q

What is ‘Cross-Selling’?

A

Offering additional products or services that complement the customer’s initial purchase.

47
Q

What is ‘Up-Selling’?

A

Encouraging the customer to purchase a more premium version of the product or service.

48
Q

What is the purpose of a ‘sales script’?

A

To provide a consistent and effective message that guides the salesperson through key conversation points.

49
Q

What is the ‘Follow-Up Close’?

A

Revisiting a customer after an initial conversation, keeping the relationship warm, and eventually closing the sale after answering all objections.

50
Q

What is the ‘Referral Strategy’ in sales?

A

Encouraging current clients to refer new customers by offering them incentives or rewards.