Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. June's News Room Message Board

5 Questions Every Customer Asks byGeoffrey

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 684
Posted On: 02/29/2012 1:49:52 AM
Avatar
Posted By: junewong


5 Questions Every Customer Asks


by  Geoffrey James








All customers ask the same questions--of themselves & of you--in this exact order. If you want to sell more, be prepared to answer them.


Whenever confronted with somebody who wants to sell them something, all customers ask five questions, in this order. If the answer to all of them is not a resounding "yes," a sale is not going to take place.


1. Do I want to do business with this person?

Within two seconds after you meet a customer, that customer has probably decided whether he is willing to buy from you. That's why first impressions, your appearance and your initial greeting are so important. Sometimes you have no control over the answer to this question, because the customer may have arbitrary rules that run to your disadvantage. (For example, I once didn't buy a suit because the sales clerk reminded me of my ex-wife's boyfriend. Not his fault, but there you are.) Still: Make sure you're controlling as many variables as you can.


2. Do I want to do business with the firm this person represents?

There are two possible scenarios.



  • If the customer is not yet familiar with your firm, it's up to you to position it correctly.

  • If the customer is familiar with your firm, then you've either got a good reputation (in which case you've got a leg up), a bad reputation (you've got to start with damage control) or a mediocre reputation–in which case, you're back to positioning your firm to your advantage.


3. Do I want and need what this person is selling?

Through the conversation with the customer, you will discover needs (and requirements) that match your offering. The biggest mistake at this stage is being too pushy. Remember the truism: "Customers like buying things, but hate to be sold things." Finding out that the customer does not need what you've got is just as big a victory as discovering the need.


4. Does the price and value meet my expectations?

The customer has recognized the need, but is assessing whether or not what you're selling is affordable–and, if affordable, worth the money. This entails weighing that need against the panoply of other demands that are vying for attention and money. The customer may want (or have) competitive information that puts the price of your offering into context.


5. Is this the right time to buy?

A customer can be completely ready to buy and yet still feel that it's not the right time. She may believe that holding out will result in a discount, or that another product will come along that makes your current offering obsolete. It's this last question, and its potential to block a sale, that causes companies to offer "limited time offers."


Order Matters

What's important about these questions isn't so much that the customer asks them, but that they're asked in that exact order. If you answer them in the wrong order, you'll end up making the sale less likely.


For example, suppose you open a conversation with a new customer by saying: "This is a limited time offer!" In most cases, the customer will either shrug or simply become annoyed, because the customer has not yet decided whether he wants to do business with you, or whether he wants what you're offering anyway.


The above insights come from a conversation with Duane Sparks, author of  "Selling Your Price: How to Escape the Race to the Bargain Basement ."If you found this post helpful, click one of the "like" buttons or  sign up for the free Sales Source "insider" newsletter .











(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us