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From The Vault: How to Handle “I Need to Think About It” & Other Objections

⏱️ 32:10 🎤 Mike Gore-Hickman
AUDIO EPISODE
From The Vault: How to Handle “I Need to Think About It” & Other Objections
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Chapters

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  • 0:00
    Moral Obligation in Sales
    Mike introduces the concept of a moral obligation to help homeowners make buying decisions if your company is the best solution.
  • 3:28
    Sales Process Overview
    Mike outlines the podcast's focus on objection handling within a structured sales process to achieve better closing rates.
  • 5:57
    Pre-Sales Call (Trial Close 1)
    The pre-sales call, or 'lights out setup call', involves discussing budget, timeline, decision-makers, and scope, ending with the first trial close.
  • 13:40
    Estimate Appointment Conduct
    Mike advises on punctuality, professional appearance, and building rapport during the in-home estimate appointment.
  • 17:38
    Walkthrough & Trial Close 2
    During the walkthrough, expertise is showcased, personal homeowner concerns are noted, and the second trial close is performed before preparing the proposal.
  • 21:29
    Presenting the Proposal (Trial Close 3)
    The proposal is presented in-person, ideally at the kitchen table, detailing scope and value, followed by the third trial close and asking for the deposit.
  • 28:29
    Money Objection Strategies
    Mike differentiates between 'too expensive' and 'more than I want to spend,' providing strategies for each, including adjusting scope or reiterating value.
  • 34:47
    Addressing Three Quotes Objection
    The 'three quotes' objection is addressed by reiterating value, trustworthiness, and the implications of cheaper labor, paint, or fewer hours.
  • 39:13
    Handling 'Think About It'
    Mike advises asking 'What do you need to think about?' to uncover the real underlying objection when a homeowner says they need to think about it.
  • 41:10
    Spouse/Partner Objection
    This objection should ideally be pre-handled by ensuring all decision-makers are present during the initial setup call and estimate.

Speakers

M
Mike Gore-Hickman
Host — Founder of PainterGrowth.com

Key Takeaways

Embrace your moral obligation to guide homeowners toward making a decision that aligns with their best interests, especially if your company is the superior solution.

Implement a structured 'lights out setup call' to pre-frame expectations, discuss budget, timeline, and decision-makers, and conduct your first trial close.

Be meticulously punctual and professionally presented for all appointments, as this subtly communicates respect for their time and property.

During the walkthrough, actively listen for personal concerns and 'intangibles' important to the homeowner, then integrate these into your proposal to demonstrate attentiveness.

Present proposals in-person, ideally at the kitchen table, detailing value before price, and ask for a deposit using a specific amount, then stop talking to allow the homeowner to respond.

When faced with a money objection, differentiate between 'too expensive' (value issue) and 'more than I want to spend' (budget issue) to tailor your response, either building more value or adjusting scope.

Address the 'three quotes' objection by explaining the hidden costs of cheaper alternatives (lower quality labor, paint, or rushed work) and reaffirming the value of your quality service.

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