Closing The Deal - Part 1
This lesson covers essential closing rules for sales professionals. Here's a summary of the key points:
Main Message
The speaker emphasizes that closing techniques alone won't work - you must execute all other sales fundamentals correctly first before attempting to close.
Key Closing Rules:
1. Accept that losses are inevitable
- You cannot win every deal, regardless of your skills or product quality
- It's okay to lose deals - focus on winning more than you lose
2. Avoid emotional attachment
- Don't treat deals like "your baby"
- Getting too attached leads to feeling hurt and undermined when deals don't close
- This emotional baggage affects your performance with future clients
3. Maintain a robust pipeline
- Build a mixed pipeline with both:
- Small deals that close regularly
- Larger deals for long-term development
- Avoid having a tiny pipeline that makes you dependent on specific deals
- Being needy hurts your closing ability - clients can sense desperation
4. Continuously build value
- Constantly remind clients of the value you provide
- Build up value throughout the entire sales process
- This foundation is what makes closing possible
The speaker concludes by noting this sets up the framework for specific closing techniques to be covered in the next video.