3 Mistakes Entrepreneurs Make When People Tell Them No

When you get into the business of selling a product or service, it’s inevitable at some point that you will be told no. In fact you’ll likely be told no a number of times before you get your first yes, and even then you’ll still get rejected. The success of your business will likely rest onyour ability to fill a need and overcome objection. Your prospective client might default to "no"for a variety of reasons, among themtiming, urgency, educationand fear. That's why it’s important to look at a"no" as an opportunity to help the prospect understand the value of what you are trying to sell.

The dark side of selling involves using aggressive tactics likeshame, guiltor desperation to win over the prospective client. Although fear-based marketing strategies can be effective, your new clientmightwalk away feeling used or taken advantage of. Business models such as network marketing orMLM (multi level marketing) are notorious for leveraging this tactic. Sellers lead with the promise of financial freedom, flexibility, an increase in business acumen and all the perks of being your own boss. Leveraging poverty and the desperation associated with it is a tactic I'm unfortunately familiar with — I once bought an "elite training" package to learn a skill I later found out I could have learned either much more cheaply or for free.

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It diminishes trust

Trust is a cornerstone in most relationships. When you use guilt, fearor shame as a selling tactic,you're backing your client into a corner where they feel forced to buy something because of their emotional response, not because they actually need your product or service. That damages your relationship with that prospect irreparably.

Instead, use relevant and relatable examples that show the prospect why your product, service or idea is the best fit for their business. Let them choose it with confidence, not fear.

They are less likely to share their decision with others

When I was pressured into purchasing the “elite training” I mentioned earlier,I told a group of threepeople I trusted that I was considering it before taking the plunge. When I asked them “What if it doesn’t work?”, their feedback to me was “If anyone can make it work, you can!” Their belief inme was what sold me. As soon as I bought it, I began to doubt and second-guess my decision.

I kept the fact that I purchased this a secret for a number of years until it was far enough in my rearview mirror for me to start discussing it openly. Word-of-mouth is still one of the most effective marketing strategies, and I refused totell others about the opportunity because I was embarrassed and felt taken advantage of. Reading reviews and accounts of others who had been in similar situations made matters worse for me as I felt stupid for falling victim to it.

58003 Asking this question will help you determine how the client feels about the interaction and purchase they made, and itcan also subliminally encourage them to go out and tell others about their experience, a win for you.

It’ll turn them off

Some people might see the value in what you’re selling but will simply lose interest because of how pushy your sales approach feels to them. They identify with the discomfort of the triggers associated with fear, guiltor desperation, and they associate your pitch with that discomfort. They mighthave witnessed this pattern in previous sales attempts and disengage. After the first few "nos" you might become more aggressive and press harder, which will only make their decision easier. They might even tell friends, colleagues and family members about the experience and discourage them from entertaining a pitch from you.

Understanding that every client is not your ideal client is important in setting and respecting the boundaries associated with establishing trust, providing valueand closing a sale. 58003 Is it an issue of money, timing, circumstance orcommitment? If you can make it easier for that person to do business with you, they likely will. And if it's something outside of your control, then ending on a positive note might encourage them to seek you once when they work out whatever is stopping them from getting on board.

When I am approached by anything that feels “salesy,” I immediately put up my guard against the textbook sales strategies people use to win you over. I pay attention to language,tone open-ended or leading questions, and I start formulating my "no" before the pitch iseven made.As a consultant and coach, I also have to be careful abouthow I leave prospects feeling. I make sure to establish trust,create an experience they’ll want to share, and leave the interaction on a positive note that invites them to return when or if working with me makes sense in the future.