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In the sales and business world, we always encounter objections and rejections. How do you handle it? How difficult is it to handle objections and rejections? Any tips?
I think that after a while one becomes accustomed to objections and rejections. Right now I'm not working with sales, but earlier when I did I tried to set a goal of how many sales I aimed to reach every day. Then I knew what my daily goal is and could work hard towards reaching it. If I didn't reach the daily goal I tried to understand how I could work on my pitch, to get more sales. Basically I focused on the positive aspects (getting a sale) rather than lending my thoughts to negative aspects (rejections/objections).
You need a thick skin to work in sales and it's usually developed over time (you probably already know this).
I've learned that a 'no' might just be a 'not now'. Sometimes, the timing may be off (i.e budget already spent) so they don't want to get involved in a conversation because they won't commit. I've learned to gather as much info as I can, even as if it's a no.
Rejection is nothing personal. Many buyers / procurement managers often look calls from small vendors as too much hassle to set up because the return is not high enough.
To improve my strike rate, I make sure that I deliver as much value as I can in the pitch stage without expecting anything in return. If I can help my prospect now then they may return the favour further down the line. If it goes cold then I still have a way to re-open the conversation.
Either way, I don't take it personally and I make sure I've learned how to improve for the next time.
Don't take it personally, that's the key. Learn and move on.