Critical Selling
®
Skills
Skill Builder: Handling Objections
Internal Use Only SMRU 1788184 Exp. 08/31/2022
L
egal Notice and License Agreement
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T
he following words, marks, and logos, are trademarks and service marks of Janek Performance Group, Inc.:
CRITICAL SELLING® SKILLS
JANEK PERFORMANCE GROUP®
JANEK®
XFACTOR®
HANDLING OBJECTIONS
© 2018 Janek Performance Group. All rights reserved.
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Handling Objections Skill Builder Introduction
Objections happen when you expect them and when you don’t. Great Agents do not see
objections as challenges, but as opportunities. When a prospect or client indicates that
something is an obstacle, success comes by demonstrating a willingness to understand and
strengthen the relationship by working through concerns to achieve a win-win outcome.
This Skill Builder will provide you an opportunity to apply and reinforce Handling Objections
skills learned in your eLearning modules. The goal is to help ensure that you are most effectively
using the skills you need to effectively understand and address objections and move the sale
forward.
Today’s workshop will provide you with an opportunity to:
Revisit, refresh, and practice what you now know about handling objections.
Practice a methodology for handling common objections.
Discuss the art of pivoting when a solution is off the mark.
Capture information during group activities and take notes as you participate in today’s
session.
Create a personal Action Plan.
In relation to where you are in the NYL Sales Cycle, this Handling Objections Skill Builder
completes the sales cycle. However, it is important to remember that an objection can arise at
any time during the sales appointment, not just at the end.
Welcome and let’s get started!
HANDLING OBJECTIONS
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New York Life Sales Cycle
SALES METHODOLOGY
NOTES:
HANDLING OBJECTIONS
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ObjectionsDiscussion Questions
Objections are challenging prospect statements that have the potential of complicating, halting,
or ending the sales process if not handled properly.
As a Trusted Partner, it is important to handle objections as they arise and not “sweep them
under the rug” or put off the discussion.
Some common objections may include:
Prospect perceives the approval process as being too time consuming
Prospect has decided to go with another company
Prospect doesn’t see the solution as the right fit
Cost associated with the policy is more than the prospect anticipated
W
hat other objections can you think of that may come up when meeting with your prospects?
W
hy do you think prospects object?
NOTES
OBJECTIONS
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Handling ObjectionsMethodology Review
EMPATHY
When faced with an objection, the first skill you use is empathy. By letting the prospect know
that you understand and respect their objection, you help reduce the tension and defensiveness
that commonly surround objections.
UNDERSTAND
It is quite common that when a prospect first expresses an objection, the specific or true nature
of the objection may not be known. Instead of rushing to respond or discredit the prospect’s
concerns, it is important to understand the objection by asking open-ended questions to better
understand where the prospect is coming from.
ADDRESS
Once you completely understand your prospect’s objection you can now provide information to
address it. At this point, you need to determine whether you can satisfy the prospect’s needs or
not. This will dictate your approach.
CONFIRM
Confirm agreement is the last important step when handling objections. By confirming
agreement, you ensure that you have effectively resolved the objection. Ask a direct, closed-
ended question, prefacing it with how the benefits you presented address or outweigh the
objection.
NOTES:
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Handling ObjectionsActivity
INSTRUCTIONS
1. Revisit the list of common objections that you often hear.
2. An objection will be read out loud.
3. If you are selected, respond to the objection by using the first two steps for handlin
g
o
bjections—Empathize and Understand.
4. Be prepared for feedback.
FEEDBACK NOTES:
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PivotingDiscussion and Activity
There are times that not every sales appointment goes just as planned. The better prepared you
are, the better able you are to handle these situations with ease. When the prospect challenges
with an objection it can take the appointment in a different direction.
Time to pivot. When an objection arises, address it by empathizing with the prospect to fully
understand their concern. This will allow you to offer alternative steps without losing trust with
the prospect. Remember, pivoting too easily and disregarding the objection can signal a lack of
confidence in your recommendation and potentially jeopardize the appointment.
Scenario Example: You have met with Mr. Williams and have presented a blended insurance
policy consisting of 50/50 split between Whole and Term Life. Mr. Williams has confirmed a
willingness to contribute $300 a month. However, you learn that after Mr. Williams has spoken
with his wife, he decides that $100 a month is more realistic.
At this point, you must pivot away from your original plan, further explore the prospect’s needs,
what’s most important, and the budget to further understand. Using the Handling Objections
methodology you have learned, what could you say to the prospect? Next, how might you pivot
in offering a different solution than what was originally proposed?
1. Find a partner and write out dialogue for how you could respond to the prospect’s objection
through the use of Empathize and Understand.
2. Identify an alternative solution to pivot to in order to address the objection.
3. Be prepared to share you answer with others.
EMPATHY:
UNDERSTAND:
ALTERNATIVE OPTION TO ADDRESS THE OBJECTION:
OBJECTIONS
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Action PlanHandling Objections
Serving as a Trusted Partner is important. Take a few moments to think about what actions you
can take to increase your Handling Objections effectiveness. Remember, it should be about
mindset, skillset, and putting best practices to work.
TOPIC
ACTIONS
Being Prepared
for Common
Objections
Objections Four-
Step
Methodology
E
mpathy
Understand
Address
Confirm
Pivoting
TH
ANK YOU FOR PARTICIPATING IN TODAY’S SKILL BUILDER!