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Donald Kelly, TSE Hustler's League, Sales, TSE

TSE 675: TSE Hustler’s League-“Speed Up The Purchase”

Donald Kelly, TSE Hustler's League, Sales, TSE

The TSE Hustler’s League is an online group coaching program designed to help sellers of all levels. Each semester, we focus on a theme. And for this semester, we have two tracks – business development and building value.

Check out our first track if your goal is to increase your win rate while if you want to focus on finding opportunity and lead generation, check out our business development track.

In this episode, we talk about the idea of increasing scarcity and how to apply that into your presentation. This is a snippet taken from one of our past sessions over at the league.

Here are the highlights of today’s episode:

How You Can Apply Loss Aversion Inside Your Sales Process:

  • Loss aversion is the human tendency to avoid losing things.
  • The desire not to lose something is greater than the desire to gain something.
  • Take a snapshot of this in your deeper discussion with your prospect and utilize this later on as you present your solution.
  • Utilize the same information to build up urgency or the reason to do something.
  • Tell a story of another client who used the same product or service where they had to lose something to gain more in the long run.
  • As you end your presentation, insert two sentences which you recommend for them to start off with.
  • Tie all this back into giving the buyer the control over his decision-making.

Use of Time-Related Words:

These are some words you can use to increase urgency:

  • Now
  • Fast
  • Quick
  • Hurry
  • Rapidly
  • Close
  • Approaching
  • Never
  • Seconds
  • Again
  • Over
  • Instant

For example:

“When you fix it, you will never see any issues like this again.”

“Your website speed is going to be in seconds. It will be fast and quick.”

Words like these cause the mind the to think urgently about time, thus improving the person’s likelihood of converting.

Be mindful and make sure you’re incorporating words that encourage or push the buyer to think urgently.

Is there something you can do to help the client recognize scarcity and urgency?

Episode Resources:

Check out our Facebook Group, The Sales Evangelizers

Join the TSE Hustler’s League.

Get a free audiobook download and a 30-day free trial at audibletrial.com/tse with over 180,000 titles to choose from for your iPhone, Android, Kindle or mp3 player.

What do you like about our podcast? Kindly leave us some rating and/or review on iTunes. This would mean so much to me.

TSE Hustler's League, Donald Kelly, The Sales Evangelist, Scarcity

TSE 670: TSE Hustler’s League-“Creating Scarcity”

TSE Hustler's League, Donald Kelly, The Sales Evangelist, ScarcityHow do you increase urgency in your sales process without sounding too pushy? This and more in this episode of the TSE Hustler’s League.

Today, I’m sharing with you how you can recognize the power of scarcity. Regardless of what you’re selling, there’s an opportunity to implement scarcity.

Creating a Sense of Urgency

  • The usual scenario is that we send a proposal. Then we get into this waiting game. But waiting doesn’t work.
  • Don’t be afraid to ask bold questions. You can’t lose something that you don’t have.
  • Don’t be afraid that your clients are going to be mad.
  • Master the appropriate questions to get to the client’s root problem.

The Real Problem Is You

Many sellers have so many excuses as to why the deal didn’t go through (ex. the prospect doesn’t want to talk or they’re not ready to do anything right now). The problem is you.

The Power of Empathy

Think about them, what they need the most and how you can help them with that.

Creating Urgency through Scarcity

How much scarcity did you create in this deal? Scarcity means that when a person thinks it’s running out, they want it more. So when the item is perceived as being scarce, it’s subjective value increases.

In your sales process, find a way that you can create scarcity. Figure a way where your prospect needs to have it now. Find a way to create urgency early on in your sales process.

Episode Resources:

Join the TSE Hustler’s League.

Get a free audiobook download and a 30-day free trial at audibletrial.com/tse with over 180,000 titles to choose from for your iPhone, Android, Kindle or mp3 player.

What do you like about our podcast? Kindly leave us some rating and/or review on iTunes. This would mean so much to me.