Fear sells!
Sales
people can use fear (perceived future pain) to create results
right away.
Marketing
man Seth Godin understands a fundamental
principle of sales in
this post
: fear drives buying action. As he explains, "Fear
is a universal emotion, it's viral and
people will go to great lengths to make it go away."
How can sales people
use fear? "Buy it or
Knuckles here will continue the negotiations"
would probably be considered ethically dubious. Here's a
better approach. Most of us
already sell around "pain" or
"problems" (i.e. identifying, drawing out and
investigating problems that a prospect has right now). For
example:
Buyer : "We
are on time with 85% of our deliveries"
Seller : (spotting a
potential pain) "What
about the other 15%?"
Buyer : "Well,
half our trucks are over 10 years old, so they're falling
apart a little."
The sales person has spotted
a pain to draw out and investigate further. So what is fear in
the selling context? Fear
is the threat of pain at some point in the future.
Buyer : "Well,
half our trucks are over 10 years old, so they're falling
apart a little."
Seller : "If you stick with those trucks for say the next
5 years, what would you expect that late delivery rate to
be?"
With a little more
work from the sales person, what
seems like a small pain now becomes a huge pain in the future.
Could the late delivery rate reach 30%? How would that impact
customer satisfaction and repeat orders? How much lost revenue
would that result in? Would it attract negative press?
There's something even more
interesting about fear. It's a well documented phenomenon that
the fear (i.e. the perception
of the seriousness) of the pain in the future is often
worse than the pain itself
when it actually arrives.
The bottom line? If they are
skillful, sales people can
use fear to
significantly increase the seriousness of pain in a buyer's
mind, right now.
More
pain = more need for a solution = more chance of a
successful sale.
Ask
a buyer :
- What do you think (pain/issue) will look like in 3, 5, 10 years time?
- What happens if you don't (implement a system, solve this issue, reduce X, Y or Z)?
- What damage do you think
Knuckles could do in the next 10 minutes?



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