“We’re not buying your category this time…Your audience or traffic is below our threshold…Our current partners are performing well…You don’t have the kind of report we’re looking for…” And on and on.
Of course there are entire books and training programs about “objection management” offering complex, structured approaches to disarming and getting beyond them. But in our world, I think a lot of this misses the point. The “objections” we hear aren’t really objections at all.
Maybe they just don’t want another choice.
This week’s Drift is proudly underwritten by Umbel. Facebook and ad networks know all about your audience. Do you? Umbel unlocks hidden revenue by refining social data in a way that empowers you to understand, monetize and deliver your audience segments at their highest value across platforms. Find out how Umbel improves the match between audience, advertiser and content.
When you take a hard look at the numbers, the reality is harsh and unforgiving. There are literally thousands of sites, networks, technology providers, data companies, and individual titles and channels all looking for their day in court. The media agency with whom they’re all pleading their cases is probably between 30 and 40 percent understaffed. And clients are putting pressure on them to consolidate the number of vendors — to shrink the field of consideration, not expand it.
Like Jim Carrey in “Dumb and Dumber” (“So you’re telling me there’s a chance!”) most sellers cling to the irrational hope that fixing one or two little problems will take care of things. They’d be better served by facing the situation head on: asking qualifying questions like “So that’s the only issue, right?” or “Please be honest and tell me whether we’ve got a legitimate shot before I put a lot more work into this.”
The truth can of course be painful. Nobody wants to hear that their offering is not really being considered. But there’s a huge value in knowing where you stand and being able to refocus your effort and resources where they’ll do the most good. So when you hear one of the objections above, stop the conversation and ask the hard question. Your buyer will probably appreciate you cutting to the chase: the white lies she’s been telling to let you down easy are probably getting a little tiring for her as well.
Above all, stop elbowing your way into an RFP process that’s increasingly hopeless and broken. Start approaching your accounts with purpose, candor and a point of view. Set the agenda and create urgency early in the relationship. You might never hear objections like these ever again.