Stealing Business From the Competition

If you place prospecting calls (hopefully Smart"What prompted the decision to go with them?"
Calls) you probably often hear, "I already buyNotice that the last two questions take the
from X-Company," or, "We're happy with whoemphasis off the person, and place it instead on
we're using."the decision. It's non adversarial, and is a soft way
I know, at this point you feel like saying,to get them talking.
"X Company! What a bunch of losers. How canBy the way, I don't favor the oft-recommended
you be so dumb?""What do you like best about them?" Some might
Almost as bad--and what many salespeopleargue it gives you insight into what they want in a
actually do--is data-dumping a pitch explaining whyvendor. I maintain it asks them to reinforce their
your company is better. It's confrontational, anddecision to pick their existing vendor--the exact
only causes the prospect to harden his defenses.opposite of what we truly want to accomplish.
Another strategy is to simply make a quick exit.The Competitions' Weaknesses What you should
Which might not be bad, depending upon yourdo now is ask questions designed to extract
industry, and the quality and quantity of namesinformation not only on what his needs are, but
you have to work on. Many stockbrokers takealso to point out your strengths and the
this route. After all, repeatedly running into a brickcompetitors' weaknesses.
wall, rebounding off, reloading and ramming into itFor example, if you know X Company has poor
again isn't the most efficient use of time if youquality--allowing them to charge that lower
have stacks of other leads staring you in the eye.price--instead of blatantly slamming X's
Plus it hurts after a while.workmanship, you'd ask a question to shed light
But if your prospect pool is relatively finite, youon it:
can't afford to burn through names. You need to"How often do you have customers return for
take the next step.service because of defective parts?"
Get Them Talking Your best approach is to"What do you do in situations when the units
engage the prospect in a two-way conversation.overheat?"
You see, prospects often say "I'm happy withNow it's not YOU disparaging the competition;
my supplier," because it's an easy way to get ridthey're doing it for you. More importantly, they're
of a salesperson. It's instinctive. It's easy. Jumpingreliving their negative experiences as they explain
into a pitch at this point not only falls on deafthem. Delicious.
ears, it's unwise because you don't yet knowI don't want to paint too rosy of a picture here.
anything about them.Despite your best efforts, in most cases the
Engaging them in conversation, however, getsprospect still won't budge. Then your best tactic is
them involved, and gives you material you canto keep the door open for the future. After all,
work with.we've all had those written-off, discarded
A suggested route is to learn why they selectedprospects who surprised us with a phone call
their present vendor. Once you know whatannouncing,
influenced that behavior, you have insight into"You called us a couple of months ago, and we'd
what to say so they'll consider you.like to do business with you."
But DO NOT say, "Why did you choose them?"Here are additional questions that can make that
The reason is that "Why?" puts them on thehappen more often.
defensive. It forces them to justify their selection."Do you have a backup supplier?"
And it can be interpreted as an attack of their"What type of contingency do you have in place
reasoning. You might as well poke them in the ribsif something were to happen where you needed
with a sharp stick and then try to sell to them.something in an emergency?"
Saying, "Oh I'm sorry to hear that," or, "Any"If anything were to happen with your existing
particular reason you use them?" has the samesupplier, could I be on the list of people you would
effect.consider?"
Instead, you want to ask questions that openOr tell them,
them up, build rapport, and ease into a"Please put my name and number in your
conversation about how they chose their supplier,vendor's file. If anything happens where they can't
again avoiding the stern "Why?" word.provide you something when you need it, would
For example,you please give me a call?
"What influenced the decision to select them?"