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  #1  
Old 06-18-2009, 04:42 PM
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The art of closing the deal. Here's some help.

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Over and over again in the Band Management forum
I have seen musicians looking for advice on booking, contracts and
how to deal with clients. Some people are not very good at
that side of the business, and look for techniques to deal
with the business issues.

IMO, sales can be a difficult field for many and often people find
themselves in difficulty in client dealings.

A good salesperson is often a student of human behavior. A really
good salesperson is a really good student of human behavior.

I read a book about 25 years ago that had an enormous
impact on my sales career and interpersonal relationships.
I'd like to recommend it to those of you who are uncomfortable
dealing with clients, or who are uncomfortable 'selling' your
band.

'Mastering the Art of Selling' by Tom Hopkins.

The beauty of this book is that if you use his techniques
consistenty, they really work quite well.

In another thread a poster was negotiating for a private party
deal, but was unsure if he had really closed the deal. Tommy
has ways of handling closes that make it easy. We all
like deals that are wrapped up tight with no misunderstandings,
don't we? (Building agreement).

You like closing a profitable deal, don't you?

"Ok, Mrs. Smith, you would like the band to play your party
on July 11th for a fee of $800, for 3 sets, a total of 2 1/4 hours,
correct?" (Test close).

'Yes'.

Would you like us to start at 7 PM or 8 PM? (This close presents 2 [and only 2] alternatives that both have a positive outcome for you.)

'8PM'

'Fine!" (There's your close.)



Hopkins also deals with issues of prospecting, qualifiying and
'funneling down' the sale as well as dealing with objections.

He taught me that objections to a sale are really a primary
tool to closing a sale:

'I don't like punk rock, do you do classic rock?'

'Is that what you want?' (This is called 'The Porcupine", you
throw it right back at the client.)

'Yes'

'Fine, we have a deal then.' (There is the close.)


One other tidbit of wisdom is don't be afraid to ask for the order
or for the business. I once saw a supplier come into the
office of a distribution company I worked for back in the '80's
and give a great presentation to the buyer. He had a great
product, it was the first time I had seen the style of plastic
garbage bag that you couldn't rip, perfect for restaurant use.

After the great presentation, he got up, shook the buyer's
hand, and left. NEVER ASKED FOR AN ORDER. I was
flabbergasted. He had the buyer totally sold but failed
to close the deal. 'Would you like to try 20 cases of this
product? I am sure your customers will love this product,
won't they? (Yes, Tommy says phrase all these
conversations as questions, ones that have positive answers.)


We could play your bar on the 11th or the 17th, which would you prefer?
(Two choices presented with positive outcomes. Easy really, just make
a habit of presenting it that way.)


One more scenario, You drop a CD on a venue owner and are calling back to get a
booking. Phrase your conversation carefully:

Do not say 'Did you have a chance to listen to the cd?' as you will very
likely solicit a 'No'.

Do say 'That is an excellent demo, isn't it?'
Errr, yeah.

Given that, we should fit right in, won't we?
uhh, Yeah.

'We have openings for July or August dates, which do you prefer?' (two choices,
funnelling down to a close.)
Err, August.

'We could do either the 15 or 22, which one works better for you? '
I guess the 15th.

FINE! Just initial the paperwork and we are all set. (Do not use the word 'sign. Use initial
or approve. I know, I'm a sleaze. lol. )



Anyway, there are some great nuggets here, and it has made
my sales career over the years.

I highly recommend it.



Probably the best 10 or 15 bucks you will ever spend.
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Quote:
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Last edited by Thor : 06-19-2009 at 03:55 AM.
  #2  
Old 06-18-2009, 05:18 PM
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Thor provided some great words of advice to follow. I should know since I have been booking bands for 39 years and they have all made money. Every prospect will not result in a closing sale and your band cannot be everything to everybody. You have to play the law of large numbers and plant lots of seeds (prospects), nurture them, and some will come through to fruition.

Thor stated, "A good salesperson is often a student of human behavior. A really good salesperson is a really good student of human behavior."

Truer words were never spoken. I always say I am going to write a book called The Art Of Schmoozing. You really have to sometimes get into a client's behavior and work it to your advantage while being upfront and honest. People love when you take a personal interest in what they like.

One of my famous promotional package follow up calls includes the statements, "I am calling to see if you received our promo package I sent recently. I wanted to make sure it got to the right person and do you have any questions?" Even if they did not open it, I already have their attention and many times have closed a deal before they heard us.

Another effective close I use is, "We are filling up dates for the fall. I'm sure we can work something out. What dates do you have open and I will see if we can match up some dates."
  #3  
Old 06-18-2009, 05:24 PM
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Quote:
Originally Posted by Thor View Post

Probably the best 10 or 15 bucks you will ever spend.
But you'll sell it to me for $5, won't you?


  #4  
Old 06-19-2009, 03:50 AM
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Quote:
Originally Posted by Mo'Phat View Post
But you'll sell it to me for $5, won't you?


Is that what you want?
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Quote:
Originally Posted by john turner View Post
the only thing more w1n than ragequitting talkbass is rage p0sting in ot.
Thud of Gondor
  #5  
Old 06-19-2009, 07:31 AM
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Depends, what else do you have to offer me?
  #6  
Old 06-19-2009, 08:30 AM
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So the key to closing a deal is knowing how to use the Jedi Mind Trick?
  #7  
Old 06-19-2009, 08:42 AM
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Good book. Also, I learned early that....
"They guy who talks the MOST ends up with the merchandise".

What that means is, if you let THEM talk about themselves, and what THEY want, they will be more comfy with you, and probably end up buying from you. If YOU pitch them for an hour and say "whatayathink?" they will find a way to NOT buy from you.

Another good book for learning how to get around objections is "QBQ! The Question Behind the Question" by John G. Miller

Good post! I think we should get into this more often for the younger guys just starting out.
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  #8  
Old 06-19-2009, 09:41 AM
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Quote:
Originally Posted by two fingers View Post
Good book. Also, I learned early that....
"They guy who talks the MOST ends up with the merchandise".

What that means is, if you let THEM talk about themselves, and what THEY want, they will be more comfy with you, and probably end up buying from you. If YOU pitch them for an hour and say "whatayathink?" they will find a way to NOT buy from you.

Another good book for learning how to get around objections is "QBQ! The Question Behind the Question" by John G. Miller

Good post! I think we should get into this more often for the younger guys just starting out.
I agree with that second paragraph wholeheartedly. This can
also be looked at from the POV of 'whoever controls the conversation
controls the sale'.

Controlling the conversation does not necessarily mean you
are doing all the talking, it means that the conversation proceeds
along the lines you want it to.

Closing a sale, a deal, a date, a transaction is all about
building relationships using positive agreement as the
faciltator to fostering a positive outcome. The best deals
have a positive outcome for all involved.
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Quote:
Originally Posted by john turner View Post
the only thing more w1n than ragequitting talkbass is rage p0sting in ot.
Thud of Gondor
  #9  
Old 06-19-2009, 06:21 PM
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The FundaMENTALIST!

Hitting all the right notes along with being an excellent student of human behavior.
  #10  
Old 06-19-2009, 06:29 PM
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Thor has some good advice - the #1 thing I teach my new sales reps is "ASK FOR THE DEAL". It can be a little uncomfortable asking at first - but it pays off.
  #11  
Old 06-19-2009, 07:03 PM
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Quote:
Originally Posted by Lexicon View Post
So the key to closing a deal is knowing how to use the Jedi Mind Trick?
It's creating the best option.. connecting with a high volume of the the right buyers.. then helping them to become a customer.

There are no tricks when you know you have the best option out there.

Some folks will say no.

Tim
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  #12  
Old 06-20-2009, 02:59 AM
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NO

'NO' is where the sale begins.
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Bass Humor: Low Loud Proud.
Band Management: Bandmate bash here.

Quote:
Originally Posted by john turner View Post
the only thing more w1n than ragequitting talkbass is rage p0sting in ot.
Thud of Gondor
  #13  
Old 06-20-2009, 03:10 AM
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Quote:
Originally Posted by Mo'Phat View Post
But you'll sell it to me for $5, won't you?


If I can get it for you at $5.00 do you want 5 or 10?
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  #14  
Old 06-20-2009, 03:17 AM
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Quote:
Originally Posted by Thor View Post
'NO' is where the sale begins.
Back in the Reagan days, I was going for my masters degree and paying for it through being a solar energy salesman. I had a prequalified call one day. The guy opened the door and he was having second thoughts, told me, sure come in I'll listen, but I'll tell you up front, I'm not buying anything. I looked around his living room. There sat a Rainbow Vacuum cleaner in the corner. There were two sets of encyclopedias on his book shelf. There was a box from Amway by the front door, and his wife had left an Avon catelog on the coffee table.


I smiled and said, no?
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  #15  
Old 06-20-2009, 11:46 AM
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Well, this is all old stuff.

Tips to selling.

#1 - Smile!
#2 - The customer must have all the information he needs to make a decision before you can close him.
#3 - Once the customer has all the information he needs, close him.
#4 - After you ask a closing question, SHUT UP! Wait for the answer.

People buy things from people they like.
  #16  
Old 06-20-2009, 11:26 PM
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Quote:
Originally Posted by Lexicon View Post
So the key to closing a deal is knowing how to use the Jedi Mind Trick?
"These ARE the droids you're looking for, and I can let you have them for cheap!"
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  #17  
Old 06-25-2009, 11:54 PM
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Fully updated and revised!

How to Master the Art of Selling
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