#6 Sandler Rule Don’t Buy Back Tomorrow the Product/Service You Sold Today Q: What causes buyers remorse? Concern Unanswered question from earlier stage of selling process resurfaced Someone in the prospect’s world demanded that he work with someone else “Get the Order and Get Out” is not the answer This strategy was designed to circumvent the effects of buyer’s remorse Trapping the customer into the sale may ensure one sale, but it will likely destroy the chances of a long term relationship VS. “Give the Prospect the Chance to Back Out” Rather than attempting to trap the buyer into accepting a deal, a better strategy is to make sure the prospect is 100% comfortable with the proposed sale BEFORE signing Make sure there are no reasons to back out Give the client a chance to back out before “sealing” the deal Encourage him to take a hard look at his decision and make sure he has not doubts. If there were any elements of the deal that represented compromises, bring them up and make sure the prospect is now completely comfortable with them Ex. Listing the home at $350 rather than 375 as they hoped Ex. Making an offer on a home that has 4 bedrooms instead of 5 and they were adamant about needing 5 This Strategy Accomplishes 3 Things: 1. It enhances your credibility (Only someone extremely confident in the product/service and the structure of the sale would encourage a prospective customer to reexamine his decision) 2. Gives the prospective customer a chance to reconfirm the choice (if there are second thoughts, the prospect has an opportunity to express them in a nopressure environment) 3. If the prospect has doubts you can address them while you are face-to face, which is far more effective and easier than over the phone or email. Q: Identify a selling situation where some form of buyer’s remorse emerged after you “closed” the sale. Ex. Recommendations from the stagers Q: What could you have said, asked or done to identify the potential problem and deal with it at the conclusion of each presentation. Ex. Are you willing to do everything right in order to sell your home for the most amount of money in the shortest amount of time?
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