a. Used to determine if a prospect is or is not convinced that the price is too
high.
b. Price/value = cost.
(1) Cost – comparison of what is received to the money paid.
(2) Value – what the prospect sees the product doing for them.
(3) Price – set at headquarters; not subject to change.
E. The product objection.
2. Your reaction must be positive; you can use a guarantee, a testimonial,
independent research results, or a demonstration.
F. The source objection.
1. Some prospects may say that they are happy with their current supplier.
2. You should try to find out what exactly bothers the prospect and call on him
routinely over a long period of time.
VIII. TECHNIQUES FOR MEETING OBJECTIONS
A. We highly suggest using the technique of empathizing, listening, asking questions,
answering the concern, and using a trial close
B. However, different situations require different techniques; several techniques are
presented
C. Let a third party answer – Answer it by referring to a third party and using his
experience as your “proof or testimony.” If the source is reliable or reputable, this can
be especially successful with the expert or skeptical prospect. The dodge does not
deny, answer or ignore.
D. Ask questions to smoke out objections.
1. Q1: “There must be some good reason why you’re hesitating to go ahead now.
Do you mind if I ask what it is?”
2. Q2: “In addition to that, is there any other reason for not going ahead?”
3. Q3: “Just supposing, Mr. Buyer, you could … then you’d want to go ahead?” If
4. Q4: “Then there must be some other reason. May I ask what it is?” When he
tells you, respond with another question 2. If you receive a negative response
then go to question 5
5. Q5: “What would it take to convince you?”