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How to Reduce the Risk of Buying: From You!

Fact: People love to buy but … they are afraid to do so. Fear is the strongest sales objection you will ever have to deal with. In fact, it is the only one you will ever have to overcome. Anything else that might be preventing your prospects from buying from you has its roots in fear.

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Price, time or other commitments are simply your prospects excuses for not wanting to admit that they do not feel secure to buy from you.  Behind any sales objection hides one of such questions as:

Buying poses a risk and quite often prospects take it on a personal level, fearing how much trouble they will get into if they buy from you. And, one of the most important things for you to do, regardless of whether you run your own business or work for a company, is to minimize that perceived risk. Failing at that means only one thing, no sale.  Use the following tips below to minimize the risk of buying from you:

1. Build Customer Awareness about You and Your Company

Educate your prospect about you and your company before you even initiate the selling process with them. Increase your business accountability by becoming known as an expert in your field. Create your brand advocates. Be everywhere your prospects are, in person or via your publications, writing, advertising and more.

Here are some simple ways to achieve that:

2. Become Famous for Your Customer Support

Think for a second. . . are people afraid to buy from Zappos? Of course not, the company is famous for its support and because of this one thing alone, it is hard to fear purchasing from them since they will listen to you if things go wrong.

Strive to achieve the same level of perception about your business. If your prospects heard about your amazing support before they even met you, how hard do you think it would be for them to decide to buy?

3. Show Mind Blowing Testimonials

Build social proof of your service and customer support with great testimonials. Post them up on:

Testimonials are like a seal of approval for your business. Showing that others have been satisfied with your service or product is one of the most powerful ways to reassure potential clients to buy from you.

3. Offer a Sales Guarantee

Offer a guarantee that will be hard to beat. At my company, we give money back if our clients realize that our course didn’t bring the desired result. In other words, there is no risk for the buyer to try us out. Worst comes to worst, they will loose some time in their day going through our product.

4. Follow Up With Your Prospects

Regardless of what you do, there are times when you are not able to overcome your prospects fear of buying before they meet you. But, you can still do it afterwards.  Show your prospect that you care about them, reassure them that you will not disappear the minute they hand over the check. Follow up with them regularly, check if they don’t have any questions to ask or don’t want to clarify some information. Be proactive and come up with ways to stay in touch while offering value.

Your Turn

What other ways of reducing your prospects fear of buying do you use? Is there anything I missed?

Safety Net [1] Photo via Shutterstock