Don’t over-answer a product question, since often it is a simple throw-away remark and not a deal-killing problem. Your first response should be quick and simple: “We checked all the competitors and our total package is stronger than all industry standards.” Oftentimes this will suffice, and the prospect will be happy. If he brings this up some more, and especially a particular competitor’s system, it tells you several things: that this is really important to him, it could be a deal-killer and he is also looking at buying a system from someone else. So give him the specifications of your product again and if you’ve done your competitive homework, tell him specifically about the competition.
About the Author
Alan Sipe
President, Toolbox Sales and Consulting
Alan W. Sipe has spent the last 42 years in the basic hand tool industry including positions as President of KNIPEX Tools North America, Sr. VP Sales and Marketing at Klein Tools, Manager Special Markets at Stanley Tools and sales management at toolbox manufacturer Waterloo Industries. Currently Sipe is the owner of Toolbox Sales and Consulting specializing in sales strategy, structure, development and training. Sipe can be reached at [email protected] or 847-910-1063. Connect with Sipe on LinkedIn.