Neil Patel’s Guide to Closing BIG Deals

big deal

When it comes to selling, I am terrible. If you told me to convince you to buy a red plastic cup, I wouldn’t be able to do it. But if you told me to sell a million of these red plastic cups to Walmart, it’s very likely I could do that.

Over the years, I learned that although I suck at selling products to individuals, I am great at closing big deals with businesses. As an entrepreneur, I have closed deals ranging from $240,000 to $1,200,000 a year.

Aside from knowing what you are going to sell, here are the 5 tactics you must use if you want to close big deals.

Step #1: Create a bond

People like doing business with those they can relate to. If you are going to spend money, why not spend it on people you like, right?

The best way to get people to relate to you and your product is to create a bond. You can do this by telling stories or by just “shooting the shit.”

One thing I like doing is to talk about my past experiences. I tend to talk about my childhood or teenage years. Once I do this, the other person usually feels comfortable enough to talk about his or her life experiences.

The whole purpose of doing this is to get to know the people you are “courting” on an intimate level. At the same time, they’ll quickly feel like they’ve known you for years, when, in fact, you’ve just met.

Step #2: Be logical

The tactic I use most often when trying to close a big deal is logic. If a company is spending $100,000 with someone else and you can do the same thing for $50,000 while still maintaining a healthy profit margin for yourself, why not talk about how you can save the company $50,000 every year?

In addition to saving others money, I always try to talk about the fact that my services and products create better results than the competition’s. Through the use of case studies and testimonials, you can easily achieve this.

Another tactic you can utilize is breaking down how much additional revenue you can bring a company. A logical tool I have found to be useful is called “effectuation.” For example, I once did a pitch to Blue Nile in which I outlined how I can drastically increase the amount of traffic to their website, what percentage of those visitors would convert into customers, and the average revenue/profit per new customer. I also pointed out that this would help increase the company’s growth rate and potentially raise its stock price.

Step #3: Change their mood, not their mind

Although logic is great, not everyone bases his or her decisions on logic. Many people are motivated by emotional triggers. Instead of trying to change a person’s mind, try changing your prospect’s mood.

Let’s say I am offering you a tool that helps you increase your revenue through conversion optimization. If I am not able to convince you to use my tool through logic, I’d figure out a way to change your mood. Changing sentiment can be as game changing as using cause/effect analysis.

If, when utilizing Step #1 (creating a bond), I learned you loved Madonna, I would try to find a Madonna concert I could get you tickets to. Or I would buy an autographed Madonna album on eBay and mail it to you.

It’s true that money can’t buy everything. Sometimes understanding the sentimental value of things, particularly the value individuals place on certain items, allows you to get a better understanding of how to change moods positively. Typically what people are missing isn’t work related, so you’ll have to think outside the box.

Step #4: Create a sense of urgency

Now that you have the other party interested in your product or service, you need that party to move fast. The best way to do this is to create a sense or urgency. Playing on the idea of supply and demand can have great results. Terms like “limited supplies”, “limited time only”, and “while quantities last” put pressure on your prospect to move quickly.

The way I create a sense of urgency is by stating that we only have one opening to take on a new enterprise customer and that it will be filled within the next 30 days.

When creating a sense of urgency, make sure you aren’t lying because it can backfire. When I tell companies that I only have one opening, I mean it! Yes, I can take on more customers in the future, but that involves scaling my company, which takes time.

Step #5: Turn the tables

Although this is the last step, in many ways it is the most important step. Not only will it determine the size of the deal, but it also determines if you are able to close the deal.

With most business deals, you’re the one who is pitching, which naturally gives the other party the upper hand. And when they have the upper hand, not only will they make you work to earn the deal, but they’ll squeeze you on the price too. This will make the deal less lucrative for you.

Leveraging Step #4, i.e., creating a sense of urgency, is the best way to turn the tables. Here is what I typically say to turn the tables:

As you already know, I only have an opening for one client. I only want to work with companies who are doing fun, exciting, and revolutionary things. Why should I choose to work with you?

Believe it or not, you’ll get a response, and it’s typically one that will defend the company’s right to be your client. In essence, they are now pitching you to work with them. Now when you send them a proposal, they’ll be more likely to sign a deal.

Conclusion

Following these steps won’t help you sell that single red cup, but it can help you close big deals. At first, you may struggle at closing big deals, but with some practice, you’ll get good at it.

If I was able to close six-figure deals while I was in high school, there is no reason why you can’t do it as well. Try it out and let me know what you think.

If you want to break through to real profits online, you need some serious firepower. For a limited time I’m sharing some select tips and tricks Amazon, Microsoft, NBC & Hewlett Packard paid thousands of dollars per hour for, FREE.
  • The step by step guide to monster traffic generation
  • The how-to guide for increasing conversions on your website
  • 7 Cashflow killers your analytics tools are hiding from you
     
 
100% privacy, I will never spam you!

Trackbacks

  1. StartupDigest Reading List – May 13, 2011
  2. NALH (Need a Little Help) Bookkeeping and Accounting Services - » 5 Steps to Closing Bigger Deals - Vancouver / Burnaby, BC - Personal and Corporate Tax Returns, Quickbooks Training
  3. A day in the life of Neil Patel « Fast Ninja Blog by Freelanceful – Web Design | Coding | Freelancing
  4. What Robert De Niro Knows That You Don’t About Business « Fast Ninja Blog by Freelanceful – Web Design | Coding | Freelancing
  5. 7 Things To Do When Hanging Out With The Neil Patel – Marketives blog
  6. How to Control Your Emotions – Marketives blog

Comments

  1. Great post Neil. I also liked the realistic example to put every theory into perspective. Great job Neil!

  2. Interesting, the “change their mood, not their mind” point really stands out, as I haven’t heard that one before. How true it is though!

    The best way to make a sale? Make them like you (build a REAL relationship before you make the sale). One of the best resources for learning about selling (though it doesn’t seem like it off the bat) is “How to Win Friends and Influence People.”

  3. Rahul Pathak :

    I like 4 & 5. Nice post, Neil.

    Rahul

  4. The idea of you closing 6-figure deals in high school makes me smile, Neil. Almost as much as the fact that you have a business nanny. How old were you when you started the SEO service?

  5. Hi Neil,

    Another great post. What I do not understand is that how do you actually approach these big companies in order to do a deal with them?

    Is it through a telephone, physically etc?

    Also, are you only helping them get more traffic? Or are they normally interested in other services as well.

    If you can answer these questions, that would be great :)

    Yasir

    • I approach big companies through a number of methods. It’s mostly through networking. If you can network, and come off as a genuine person (which I am sure you are) the sky is the limit. Good luck!

      • Hey Neil,

        True. Makes sense.

        Any chance you can point me to a few of your posts where you discuss how you got started with the whole networking aspect?

        I find that with SEO there isn’t a lot of networking you can do, but I have a feeling I am wrong. lol.

        • There is a guest post by Shane Mac that I think will be very helpful. It’s on the homepage, third blog down. “10 lessons I learned from my startup”

  6. Hi Neil,
    This works too for selling ‘one red cup’
    In my retail shop, where I sell bridal sarees,
    I do use what you
    mentioned in your article and
    For Sure it works…
    I do step 1 to 4 .. Everyday!

    Nice read!

  7. I see you figured out the RSS Graffiti Plugin. It took me ages to figure out just the way to get things posted to facebook. If you didn’t notice Facebook doesn’t like blogs too much and if you import them through your notes section it doesn’t link back at all. How hard of a time did you have?

    • It wasn’t that hard at all, but I understand the difficulty. I am glad there is a plugin that allows for easy blog posting. Thanks for the info!

      • I went through a few different plugins and the only one that works and gives a decent link and not a small one. It really was annoying. And if you just import them from the notes section in facebook, it doesn’t give you a link at all.

  8. Neil, this advice is perfectly timed. I am looking to hire a salesperson really quickly and it will not only give me insight but also some interview questions.

    Thank you.

  9. Hi,

    This post has good valuable content. I would like to follow up the experiences shared in this posts.

    Thanks Neil.

  10. Hi Neil

    I have been selling for over 20 years and what you have quoted above is true in all its form. All the products and services I have sold-was always based upon the emotion triggers. Majority of the time it was a 80% emotional selling experience. The rest was all on logic.
    I also like the idea on creating a sense of urgency. This is when the closing of the sale usually takes place. I have done this many times. Thanks Neil for bringing back memories.

    There also needs to be a good PR bond experience. Sometimes you can sense and understand where the mood of the conversation will go on the first impression.

    Thanks again

    Richard

  11. Knowledge and emphaty :)
    But,the product and owner of the product must be to trust!

    In my expireience , most of the deals depends of the compliance agreement…

    Thx for creative and helpful post:)

  12. Great insight Neil – I didn’t even know that Madonna was touring this year:)

  13. Nice post, Neil do you have Facebook page where we can like it and get updates on our wall.

    Expecting a post from you on using Facebook for building brands and fan engagement.

    Thanks

  14. Very well said. Thanks for sharing Neil! I am on the process towards business deals. Helpful.

  15. Nice thoughts!

  16. No way is it easy to close big deals but these tips are handy. How many have you closed yet? A 100?

  17. This is GREAT advice Neil so when I get to that point of closing that “big deal”, I have the suggestions handy of how to go about it. But first I have to start with selling that single red plastic cup! Hey, any takers? LOL!!!

    I 100% agree with you about starting with the small talk, start with chatting about things that have happened to you. Maybe things they might be able to relate to. I am finding more and more that there are so many other people out there who share my same experiences, I had no idea. Not until I started opening up more and sharing. What a difference that has made.

    Once again, thanks for sharing this tips with us. So very helpful and something I can learn to do! I appreciate you!

    Adrienne

    • Adrienne,
      Thanks for the kind words. It’s the kind of the enthusiasm you bring, and the willingness you have to learn that really encourages me to write these blog posts. Thanks for sharing and contributing, I learn more from people than they learn from me. Much appreciated!

  18. Hi Neil,
    Good idea’s u have shared. Emotional and urgency option is well gone with me also.
    It’s always good to relate yourself to others and become part of and there story then you can sell or pitch easily.
    Thanks for nice sharing.

  19. As always you hit the Bull’s eye. Good post Neil .

  20. I guess you can relate this to not just closing big deals, but generally closing every sales, every time you come in front of a potential customer, you can easily follow these steps to really get them buying into you.

  21. Great tips! Thanks for sharing. I’ll definitely incorporate some of these into my future dealings.

  22. Great post Neil – solid advice. :)

    How much do you think your family entrepreneurial example enters in to the equation? I ask because, like you, I come from humble family origins but, unlike you, that family was quite pessimistic and beaten down by years of poverty and meaningless hard, physical labor.
    I consider myself to be more fortunate and I happen to like working for myself but risky “big” deals still scare me – I’ve blown more than one and I dread having to do it again.

    • Good question. At the end of the day it’s all about the risk you are willing to take on. I know it sounds cliche but “high risk=high reward” At the end of the day it’s all about intuition and I’d be lying if I were to say luck wasn’t part of the equation. Good luck!

  23. well said. understanding the power dynamics is a must for good negotiations and the turning table is a good way to do that.

  24. Well said Neil, we have to change their mood not their Minds.
    Thank you for another great article full of tips.

  25. Neil,

    Another great post. I agree with you about changing someones mood, when working in sales in the past this was always key, and building a rapour with the customer. I always find if they are interested in something such as Madonna as you have said, well then she is your favourite artist as well =)

  26. Aaron Elharar :

    Really right on post. Within the last I changed my game up completely and I recognized a few of your points is things that really worked for me. One thing I did that had the biggest impact my sales, and I think is an example of how to fo #5 and #3, is setting a minimum price. We used to try and set a price for each potential customer and they could smell that we wanted their business. But when we said our minimum to work with us $xzy it turned the tables to our favor and we were able to create a sense of urgency by offering a one time discount.

    • Aaron Elharar :

      also meant to say “how to *do* #5 and #3″

      …sry can’t stand when I typo my isht

      • Definitely! Looks like you’ve had great success turning the tables. Creating a sense of urgency always expedites the process of making that big sale.

  27. Aaron Elharar :

    meant to say…. within the last *year*

  28. I think “creating a bond” is really the main key in business. Success is really a combination of ambition and enough “bonds” with the right people. That isn’t meant to soumd crass, but building relationships is the basis of what we do, so in my mind the bnd is the biggest key to success.

  29. Hope to learn all these big deal guides Neil, really hoping.

  30. This post has more winning attached to it than Charlie Sheen. Well done Neil, this is a great post and provides some excellent insight. I’ve followed your blog closely over the last year or so and I think this post takes the cake as an all-time favourite. Keep it coming!

  31. Yea limited time.. is a good way when giving your sales pitch. Yea they will try to squeeze you on the price but that is why all sales pitch are already an inflated price so you can lower it to make it sounds like they are getting an awesome deal.

  32. Even thought closing so big deals, is very difficult for small businesses those steps can really help get one. The most important step is the first one because by creating a bond the costumer trust you and it is much easier to sell something expensive to someone who knows you well than to someone who doesn’t.

  33. I Like those 1 and 2 second point its really an useful tips for me

  34. Deepak yadav :

    Love it man loved it, i love you man. You are my hero, this post was rocking too. The point changing the mood not the mind should have a single full post on it. I will love to see it on your blog.

  35. Another great post, Neil. I especially like #3 as we can’t always have our ways, and sometimes the best thing to do is to find another approach. For sure, experience will develop your skills on how to go about such situations, and with the right inspiration and perhaps luck, hopefully land you the deal you have been eying for.

  36. very well said. It can be nerve raking to try and make the big sales, but if you have your ducks in a row it should make the selling process easier.

  37. Love it ! Sales 101.

    One time, rep returns, ask ” did you get the deal “, answer ” no “. What ? Why ? ” Our price was to high “. Grab deal, drove to customer office, ask to see customer, wanted 5 minutes of his time. Enter office. Simple intro, ask if deal still open ? ” yes “, ask ” why not us “? Price. Then went into auto mode #2 logic. Explained added benefits, and asked for the deal! Walked out with 50% down.

    Conclusion: Never hurts to ” ask “.

    Mark

  38. bahdar khan` :

    What has been said so far is, be trust worthy,other things follow.

    • Definitely. Trust is a major issue when it comes to closing big deals. You only want to deal with those that are your friends, and whom you trust.

  39. When I read that something is urgent, I click it away. And when I read that an online product is scarce, I am gone, because this is so wrong. And when they really close, soon after they reopen or they come up with a better product. Most people are not as stupid is most marketers believe.

    • I definitely agree with those points. On a smaller scale people make those judgments because they are dealing with large entities. I am driving at personal relationships where everyone is on same level intellectually, the only thing to be determined is price. Negotiation is key in these instances, everyone gets what they want.

  40. Really like the create a sense of urgency and turn the tables idea.

  41. Nice post Neil! I really enjoy reading your blog. I find it very useful! Keep up with the good work.

  42. I love this! You’re absolutely right, but you failed to give yourself credit for having a terrific personality to pull this off.

  43. Great post Neil. I work primarily with Small Businesses, but I can definitely take a lot of take aways from your post. It makes you rethink of your strategies in building relationships to gain new accounts and reduce churn. Cheers!

  44. Teri Bellamy :

    Neil,
    Turn the tables: A clever way to level the playing field. Sound advice and a win-win. Thank you.

  45. Neil,

    Well done.

    I’m a first-time startup founder. And like most (I believe), I google for tips for entrepreneurs.

    In my experience, limited as it is, I have found some incredible resources. Venture Hacks by Naval Ravikant and Babak Nivi is amongst them. I’m afraid I’ll have to add you to the list.

    on other notes, I’m from Singapore and am visiting the U.S to meet people who may help my vision become a reality. Would it be possible to add you to that list too? =D I would be more than happy to travel to Seattle~

    Hope to hear from you soon.

    Cheers and once again, well done.
    Shawn

  46. Sachin Ramje :

    Thanks Neil for this short guide ! I picked lot of things from the post and I hope I will be able to do it in my next pitch ! Thanks a lot !

  47. Subodh Saxena :

    Neil, somehow very few disagree with your post. While I fully endorse steps 1 to 3, last two do not appeal to me. Today’s client is well informed and analyses all dimensions of a deal. In most cases, those playing urgency & turn the table cards sit pretty long on what they have to offer.

    • It’s great that someone is taking a contrarian view, much appreciated. I like hearing both sides of the argument. However, I feel even with analysis and information there is still a lot of leeway in negotiation. If everything was cut and dry, computers could close deals. Urgency is always relevant. People, myself included, have to make decisions on the fly. Often times very large decisions. It all depends on how many deals you are taking on at the same time. Thanks for your input!

      • If you try to implement urgency without a bond, then you will come across as a cheesy car salesman. But if you follow ALL of Neil’s suggestions, then introducing urgency will not be awkward. The relational bond allows for a give-and-take interaction where you can be frank about limited time and resources.

  48. Awesome article. I understood a lot of ways to close big deals.
    My personal favourite is the last one. Asking them, why should I choose you, means that you have a good reputation and the companies will feel more secure about choosing you.
    That’s my opinion.

  49. Love, love, love, love steps #4 + 5 (Create urgency and then turn the tables). Ecommerce sites do a good job of creating urgency by creating a count down (appsumo) or selling limited inventory (Woot/Jackthreads). But I’ve always struggled to create urgency with services. Genius ideas, Neil!

    • Thanks, glad you found the steps useful. I agree, it’s easy when dealing with ecommerce. It’s a tad more difficult when you are dealing with services offline, but it’s possible!

  50. Great post, Neil. My question is…how do you actually get a meeting with these big guys in the first place? How do you get your foot in the door?

    • Honestly, I have been an entrepreneur for a very long time now so it takes time and patience. Networking is essential along with creating a product that people can relate to. Good luck!

  51. Chris Kinch :

    Hi Neil,

    I’ve never seen anything on sharing business tips like this before. I might try a few of these myself. Still trying to build the client base so we will see how I go with these steps ;)

  52. Creating an bond will help an good business plan structure

  53. But most of the people fear of the bond,what to do?
    can you give me any tips Neil.

  54. Changing the mood of the customer is important at first,the nest we need to change their mind towards the product what we sale..
    This will be easy to handle them……:)

  55. Dear Niel,

    Great Post once again!
    Its great to see the way you blend your thoughts with real life examples. I agree to all what you have said, but have a varied thought on point 3 – Change their Mood, but not their mind. Yes true, But sometimes people tend to take it as if you are trying to influence them! but it all depends on what you quoted in Point 1: How well you bond with them!

    Cheers
    Josh

  56. Jeanette VanHausen :

    Thanks for the great post Neil.

    Now let’s say I have a solution that will benefit a company, but I have no relationship with anyone in the company. I have the name, email and phone number of a contact in the company.

    How do I create a bond though a cold email or phone call?

    You mentioned telling stories, but most of the people I deal with are straight shooters who want to get to the point.

    How do you tell a story in a situation like that? What’s your entry?

  57. Good scenario. But honestly, I think no one is a straight shooter to the point that they don’t have human tendencies. Straight shooters, as indifferent as they may seem, still require trust. Trust is in essence a bond. In terms of your entry point, try both. Let me know how it all goes!

  58. What is motivating people to comment that this post is anything but the most generic Marketing 101 nonsense disguised as insight? There is nothing actionable. This content is just traffic-driving filler. Congrats, Niel! It worked.

  59. I liked very much steps no. 1 & 3. I think it’s important that our business partner feel good and comfortable in our presence. This will help us in gaining their confidence. I like you laid emphasis on changing their mood and not their way of thinking. :) I look forward to reading more posts like this.

    • Glad you found it useful. Thanks for your input, looking forward to reading your comments in the future.

    • You can’t make a business work if you don’t have a bond with your business partner and of course if you don’t motivate each other. The right business partner is the one that makes a business work.

  60. I would like to add another one: “Be confident!”

    If you don’t believe in yourself you can’t convince them to choose you. You have to be confident in you and things will go much better because you will also have the courage to take new steps.

  61. Shiv Shankar :

    Thanks Neil
    It will help me to improve a lot,,,
    very nice ideas to practice in real sales process
    regards
    shiv

  62. Marine Chandlery :

    There is some good advice there. I personally tend to find that deala close themselves, so long as you can find a good match between the product and the customers needs, but they all need a little nudge from time to time :-)

    • You have to choose your customers depending on your product. You also need to know your customers and to offer them what they want. If you are not able to do that you will not make a sale.

  63. I’m happy you wrote this post.

    If I have an advertising opportunity, who (job title) in an organization would be the best contact to reach out to?

    Thanks in advance, Neil.

  64. Can’t get enough reading Neil’s blog, been doing to for a year now. This post made me to drop some words :-) thanks

  65. Paras Gupta :

    Nice1 Neil
    Agree with all except the way to turn the tables:

    “As you already know, I only have an opening for one client. I only want to work with companies who are doing fun, exciting, and revolutionary things. Why should I choose to work with you?”

    In India CLIENT say “ok find some1 else”

    • Haha, it depends on how persuasive you are. Clients have needs to, if you have a product they cannot live without then you have the upper hand.

    • If the client says that it means that it was not the right client for you. The right customer knows the when the right opportunity appears and takes advantage of it.

  66. Neil you have written a wonderful article. Well I too want to become successful in life and some day use these tips that you have given. I particularly liked “Step #5: Turn the Tables” I am going to use a lot of it in my daily life. Thank you and God bless.

  67. Yes, I really liked your last point about turning tables is a meaningful aspect of cracking big deals. I used to always say in my interviews that I can be a great asset to their company. But, no more after I read your wonderful idea. I shall from now, focus on how they can be a great asset to me, I will focus on a point where both collide. Thank you for your big revelation!

  68. Laura D'Amico :

    Changing their mood and not their mind is such a good point! So many times if you can just get people to smile, you can get them to agree with your point. You know what they say: you can catch more flies with honey than with vinegar.

  69. I’m not too sure about the ideas of sharing personal stories with your potential clients.

    Of all the people I have seen, most clients don’t want to get personal. They wants things to be done professionally and be done with it.

    Of course, maybe when you do business for the 3rd or 4th time you may be able to build a connection.

    It needn’t apply to everyone though. Not all people are the same

    • While I respect your opinion, I really think it depends on the type of personalty you have. I find it extremely useful try to build a relationship before I conduct business. By the third or fourth time I would like to think people are much more friendly and laid back. Thanks for your input :)

  70. I disagree with one statement. I do think knowing these concepts can help sell the single red cup. What may be the difference in whether they work to sell the the cup, the cup supply, the cup factory, or the cup corporation, is how much care is carried for the sale. It’s easy to care more for the huge deals, but for one who cares about the small sale, these strategies will work.

    Well, maybe not the concert tickets.

    Being familiar with these can help with any business negotiation. From buying a car to selling widgets.

    First time I bought a new car, I didn’t feel so much like a customer as I did a victim. But I learned from it, some similar ideas to what you’ve presented here, and the next time I bought a new car, they offered me a job.

    • Great points. Buying a car is the worst haha, they really make you feel like you are being interrogated at manipulated at times, it’s a matter of knowing how to deal with them…as it seems you have figured out.

      • Dealing with online car sales is much easier. No one to make you feel like you are being interrogated

        • That’s true, which is why it is such a big industry.

        • It’s easier but you don’t see the car in reality. When you see it and when you touch it gives you another feeling and you know if it’s good for you or not. You have to know how to talk with the sales representative though. Show him that you know something about cars and that he can’t tell you whatever he wants :)

  71. Thanks for sharing these tips. One of the most effective ones I use is effectuation. Demonstrating how you can help clients make money, positions you as an investment and not an expense.

  72. haha, I love the “Turning the Table” it really does work really great. Cheers mate.

  73. The first point regarding “bonding” is the best in my opinion. I mean without the relationships one cannot be a success. And creating a sense of urgency is a evergreen marketing tactic. Thanks for the post, Neil.

  74. Great post. As a broker I used to teach these tactics to my agents. One of the often repeated questions I got: How can you always be logical? Well logic is a relative concept, especially when used in sales. For example: Lexus sells the LS 600h (h for hybrid) at $30,000+ more than the regular LS 600 series. The fuel improvement is only 2 mpg better, yet there are buyers lining up for the car.

    • Great example. It’s all about marketing and how you position your item. The selling point, however, on the Hybrid is that it produces less emissions (which is very important to the environmentally conscious).

  75. Great post thanks for sharing it Neil

  76. Changing their mood is better than changign their intewrest. Agreedto the points covered. btw Neil you are really rocking! :) Keep up the good work buddy :)

  77. I was planning to sell something on my website- as a theme developer i like to sell my theme- Now Your article has given me a chance to think again my tactics before posting some goods for sell.

  78. yes Neil you were right, most of the time peoples want results at once and it is impossible when you start any business in our field we have to be patient and wait for a good time BTW thanks for your thoughts and tips :)

  79. Neil,

    Thank you for sharing your ideas.:D

    mina

  80. This is a great post. Simple and easy to understand. You’re doing a great job! Keep me posted.
    All the best from PH

  81. Great article. I find that the most important aspect throughout my sales experience has been the bonding aspect. I find that as long as I can create a friendly and open relationship with my customers, I have a much easier time selling to them, and they have an easier time trusting my word and following my advice on what to buy. I still need to work on the finer aspects as you mentioned with regards to things such as urgency and etc,

  82. I agree creating a bond with the prospect is very important. Also if the client has some kind of previous professional relationship with you it is even better and helps in winning the deal.

  83. I admire your way of thinking. Not surprise why you’re very successful in your job. I just started last week reading your blog and I got a lot of points to remember on business industry. You are a big aid to those on business. A big thanks to you. I’ve already comment on some of your post because I can’t stop myself from reacting. haha. Now I see how business minds works, not the whole of it but I have an idea on how to close a deal. I never go with sales because I am not really that good in convincing but after reading this post, I have an idea how to close a deal.

    Thanks again always,
    ellen

  84. Great post, I came over from your SEOmoz blog post and enjoyed your writing. I find that I’m running into a lot of the same pitfalls with my start-up SEO company, SEO Influence.com. I’ve finally got my first “corporate” clients and am seeing great results for their business, but I need more clients.. Your pointer about getting niche INSIDE of SEO was huge for me, as I’m now starting a relationship with a venture group to help their start-ups seek traffic online :) Thanks!

  85. Yeah, Its true that if you are the one pitching then you are going to be squeezed. I liked your BOLD idea of turning the table and making the clients pitch for themselves instead.
    Will try soon. Wish me success:)

  86. If I talk about me, once i have been succeeded in first step then the others will be easy for me. Difficulty here is to find the people. Normally an individual have a small network and within that they have to close the deals, in which hardly some of them would be interested.

  87. Thanks for the info Neil, really insightful and easy to understand.

    Question for you, when you proposed to Blue Nile:

    “how I can drive much more traffic to their website, what percentage of those visitors would convert into customers, and the average revenue/profit per new customer. This helps increase their growth rate and would potential cause their stock price to go up.”

    Do you have a formula for projecting these figures written up anywhere? When it comes to a client of that size wouldn’t it be difficult giving an accurate estimate on such information. It almost appears that you would need access to their analytics and other confidential/closed sales information within their company.

  88. I’m a huge proponent of relating to people on a personal level. I can relate to anyone from anywhere.

  89. Hi Neil, I really enjoyed reading this; it puts into perspective the importance of being freindly and logical.

  90. Thanks for posting this Neil. I completely agree with the points about building a bond and changing their mood. I feel this is important in any aspect of sales, whether thats car sales or even telesales. Logically if the customer gets poor vibes from you and your personality, they are never going to buy your product.

  91. Wow. I get your regular e-mails and have only just found this post!

    This is almost a marketing lesson as well as sales because this is an important post to show how to market a business through gaining partnerships, and showing how to portray yourself in those interactions.

    In portraying yourself correctly, the sales arise through trust and showing potential that someone needs your product.

    Within my scene of horse racing advice, selling to my subscribers requires logic, proof and profit making opportunities, so your post above is very timely as I aim to grow my audience.

  92. Hi Neil,
    How are you doing?
    i would really apreciate if you answer my question.
    I am trying to sell soemthing which is high in demand by paint industries.I am selling this at a very cheap price.But buyers still want less and less price.
    Market price for material is USD 700 per MT and I am selling at USD 100 per MT only.I am not looking for really high profit and that’s why I am selling at a very cheap price.
    Material is in good condition and buyers have the proof to see that.
    Pls advise what to do.

  93. hey neil,
    thanks for sharing such an informative post.Step #5: Turn the Tables,really liked it. it’s very impressive article.

    Thanks.

    Matt

  94. Wonderful blog! I found it while browsing on Yahoo News.
    Do you have any tips on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there! Many thanks

  95. Great tips! Thanks for sharing. I’ll definitely incorporate some of these into my future dealings.

  96. Hi Neil, I really loved reading these 5 steps, it opened my eyes on some tactics.

    Thanks

  97. I can’t stop reading. It is great!

  98. Hey Neil,

    I sell custom workout and meal plans to my website visitors. In the beginning I was trying to be overly salesy, but took your advice and have been trying to change their mood and not their mind. I’m seeing an increase in conversions brotha! :)

    P.S. What is that popup you have when I go to leave the page? Can I get that for WordPress somewhere?

  99. Top tips and those some the strategies I use to close new deals for my web services business in London. Agree more for the third point which is something which worked two weeks back for me to get one of the largest hospitality industry players in London.

    • Fernando, awesome that we are on the same page. If you could share some more specifics on how you closed the deal that would be helpful. Look forward to hearing more about it :)

Speak Your Mind

*