There are three types of sales objections: conditions, stalls, and true objections.
Let’s look at them in turn.
A Condition is: A valid and legitimate reasons for not going ahead with a sale, a reality condition that prevents the person from buying: can't afford it, doesn't need it, etc.
Sometimes a customer does not have the authority to make a decision. Perhaps the company needs to get permission from their overseas parent company to spend that amount of money. Or a decree from the CEO prevents the Purchasing Manager from making a purchase at that time without referring to the CEO.
These are conditions. Often, nothing you do in these situations will result in a signed contract. The key is to ask questions that determine the nature of the condition, and then schedule the appointment for a time when the condition requirements have been met.
We simply need to identify true conditions, face the reality, swallow hard and both quickly and courteously disconnect from trying to force a sale. If we become too emotionally involved we will lose the objectivity to detect this. By becoming an expert qualifier, we don't dampen our enthusiasm by trying to overcome a condition that can't be overcome.
The real secret to handling conditions is to find out about them as soon as you can. It's better to discover that Dad wants to approve the house before you put the buyers in the car. That way, Dad can come along and see that the house they choose is really the best one.
The benefit of handling a condition up front is that you don't waste time overcoming sales objections that do not exist and selling to people who aren't in a position—or don't have the authority—to make the decision.
You'll recognise the most common form of a stall with these words: "We want to think it over." Or “I’m too busy to make a decision right now.” There are many variations. The key to dealing with these objections is to recognise the customer's statement is a stall, so you know what to say.
This is perhaps the most common objection. It stands to reason, then, that the strategies you use for countering Stalls are going to be a major factor in your success as a salesperson.
Whatever the cause for the stall, handling it isn't a science, it's an art. The art is in helping the customer see that you truly accept and understand their hesitation. Acknowledge that you heard them. Ask questions, start a conversation, draw them out. “I understand why you might want to think it over since it is a big commitment.” Probe. Ask questions that might reveal what is really stopping them. For example, "Are you concerned with the terms?" Maybe there is something that I was not clear about when I described what the job would entail. Maybe I can help by answering the question now. What was it about my estimate that you wanted to think over?” Your goal is to determine the underlying objection. Often, you'll get a reply that helps you uncover the real objection so that you can handle it.
It is always easier answering the question now rather than later because usually there is no later. This type of approach should enable you to start up the conversation again and help make the prospect feel more comfortable about giving you an affirmative answer now.
When you listen beyond the prospect's words, you'll often realise they are trying to camouflage their real concern. Perhaps a buyer or seller is afraid that if they tell you the real reason they don't feel they should make a decision, you'll handle it. Or maybe they are trying to avoid confrontation. By telling you the truth, they take a risk. It's much easier than saying, "We're not sure we trust you."
A couple of special types of the Stall are:
The Doubter's Manoeuvre, when your prospect won't (or can't) decide the questions you put to them--and is unwilling to suggest someone else who can. It's a toughie, because a variety of factors can lie beneath this objection, from low self-esteem on the part of your prospect, to bad organisation within the company. (What if you're dealing with a small business that really has no "purchasing agent" or "office manager"?) and let's face it, overstepping one's authority is not a key to success in business. If you're speaking with someone who traditionally has never made a decision, it will be very difficult to convince him to adopt an aggressive approach to his business problems.
The Reassurance Request, where the prospect asks for a sign of credibility from your side. It's still an objection, but it requires that you listen carefully to what the prospect is really saying, so that you can offer him the information he needs to proceed with confidence.
There Are Only About Six Real Objections:
1) "I don't have enough time,"
This objection can be turned around on itself. Often you can say that your product or system will save them time.
2) "I don't have enough money,"
This is best handled by using the Contrast frame and re-establishing Value.
3)"It won't work for me (it works for everyone else but it won't work for me),"
4)"I don't believe you."
5)“I have no need for your product”
These objections can best be handled by bringing on your witnesses.
Linguistically you can use the “feel-felt-found” approach.
You know, ...
“ I can understand that you feel that way. Jim Smith felt that way too and let me tell you what he found…”
If the client doesn’t believe you it could also be a good idea to concentrate on rebuilding rapport.
6) “I have no need for your product at the moment”= No urgency
The client does see some utility in your offer but has other more pressing priorities.
In this instance you may need to go back and build the value of your offer while accentuating the negative side of not acting now.
it can also help to use a little bit of Scarcity (see Influence Summary 2nd last heading)
Changingminds.org lists the following types of sales objections