Welcome to Close it now, the podcast that's revolutionizing the H Vac and home improvement trades industries.
Speaker AGet ready to dive deep into the world of heating, ventilation and air conditioning.
Speaker AWe're turning up the heat on industry standards and cooling down misconceptions.
Speaker AAnd we're not just talking about fixing vents and adjusting thermostats.
Speaker AIt's about the transformative movement that's reshaping the very foundation of H Vac and home improvement.
Speaker AWe're the driving force, inspiring top performers who crave excellence not only in their professional endeavors, but also in fitness, nutrition, relationships and personal growth, proving that we can indeed have it all.
Speaker AThis is Close it now, where excellence meets excitement.
Speaker ALet's get to work.
Speaker ANow, your host, Sam Wakefield.
Speaker BHey, hey, Sam Wakefield here.
Speaker BWhat is happening?
Speaker BIt is time for another episode in the Sales Psychology series.
Speaker BSo I am so glad you've joined today.
Speaker BHave you ever delivered a flawless presentation?
Speaker BYou know, it's perfect only for the buyer to, you know, your homeowners to hesitate.
Speaker BThey're good.
Speaker BThey stall or they just ghost you.
Speaker BWhat happened is you didn't lose the deal because of your solution or your amount of education you gave them or anything else.
Speaker BSometimes and most of the time, in fact, all the time, you lost it because of psychology.
Speaker BSo today, what we're going to do is we're going to crack open the hidden world of da da da.
Speaker BDrumroll, please.
Speaker BCognitive bias.
Speaker BThis is the invisible forces that are steering your buyer's decision.
Speaker BYour homeowners make decisions based on what their experience, what they already know.
Speaker BSo what we're going to do today is you're going to learn how to spot these mental traps that are sabotaging your deals and how to flip them in your favor.
Speaker BSo I am excited to get into this episode.
Speaker BThis is part seven of the sales Psychology series and it's all about what happens inside the buyer's brain during the decision process.
Speaker BIf you've been following along, then you know we have covered a lot of territory.
Speaker BAnd we have seven, eight, nine four episodes to go.
Speaker BThis is the first of the next ones.
Speaker BSo so far you've learned how to build trust.
Speaker BYou've learned how to read energy, you've learned how to speak to different buyer types, including the three part neurodivergence series that we just went through.
Speaker BSo now it's time to understand the mental shortcuts and biases that hijack logic.
Speaker BAnd they can put delays on the yes.
Speaker BSo these aren't just theoretical.
Speaker BThey show up on every sing call.
Speaker BSo one Thing that you need to know is top closers, the 1% don't just present well.
Speaker BWhat we do is we guide buyers out of their own psychological traps.
Speaker BIf you've listened to enough of these of my episodes, one thing that you will have heard me say over and over is sales is basically 90, 90% psychology and 10% actual sales skills.
Speaker BOr you can look at it this way, it's 90% psychology and 10% taking an order.
Speaker BSo.
Speaker BAnd I firmly believe that and I'm glad that you are here.
Speaker BDay we are going to do that.
Speaker BBut first, let's do a review.
Speaker BAll right, so today's reviews come from.
Speaker BI've got two reviews to read today.
Speaker BThey are one.
Speaker BIt like looks like we've got two Bs.
Speaker BWe've got Brandon Jenkins.
Speaker BSo this is a five star review, says great training session, very valuable learning experience would recommend to anyone trying to better themselves and their company.
Speaker BWoohoo.
Speaker BThank you, Brandon.
Speaker BAnd also we've got Braden Peters.
Speaker BAlso a five star review.
Speaker BSam was incredible and incredible instructor.
Speaker BTruly learned so many things in our training and can't wait to continue learning from him to become more successful.
Speaker BSo thank you, Braden and Brandon.
Speaker BBoth of those actually came from an online insight training that I did a little couple months ago and they were awesome, awesome guys in, in the class.
Speaker BAnd I honestly, I didn't even know what these reviews were.
Speaker BI did, I just came across them.
Speaker BSo thank you, Brandon and Braden.
Speaker BYou guys are awesome and I appreciate it so much.
Speaker BThat is literally what happens every single time we train.
Speaker BSo if you are stuck or you're ready to get to the next level or seems like you've got the, like your team, you just keep hit banging your head against the wall.
Speaker BIt's like everyone wants to grow.
Speaker BYou just don't know how to get there.
Speaker BI'll tell you, I'm reading a book right now.
Speaker BThis is a quick detour from the podcast for a second, but I'm reading a book right now called who Not How.
Speaker BIt's a Dan Sullivan book.
Speaker BHighly, highly recommend.
Speaker BThe book who Not How.
Speaker BIt's incredible.
Speaker BIt's forcing me to think differently, but it also really emphasizes exactly what we do with, you know, with, with the training.
Speaker BYou know, when you, when you come to a place that, when you get to a place where you want to grow, you want to do something different, you want to break out of the barriers that you've been in.
Speaker BA lot of times what happens is, you know, we try to, you know, we look for new information all of these things.
Speaker BBut you know what I really realized while I'm reading this book.
Speaker BAnd of course, I'm going through the same thing in my own business.
Speaker BIn fact, just today, date of record, I hired a new coach.
Speaker BI hired a new business coach for me because this gentleman, he hangs out, in fact, yesterday he was telling me, had lunch with a billionaire and he's making it a very specific mission of his to have lunch with every month.
Speaker BIf he has to fly across the country to do it, he doesn't care to get in the circle and have lunch with and take a billionaire to lunch once a month because that is his network that he's working on breaking into.
Speaker BSo the conversation we had today is it's, it's a journey.
Speaker BBut the biggest element of it is the second someone, we all, all of us, the second you understand that there is no, there's no awards for having your ego or having your pride such that you don't ask for help.
Speaker BSo, you know, one of the things, the principles from this who not how book is, you know, set yourself a, you know, a set time limit of solving the problem yourself and make it shorter than you think it should be.
Speaker BSet yourself a time limit of solving this whatever problem in your business.
Speaker BIf it's your, you know, if it's your sales career, if it's your business, business growth, whatever it is, set yourself a time limit.
Speaker BAnd if you haven't solved it in that amount of time, then ask instead of asking how, start asking who, who has been there, who has done it, who's a specialist in this area and find that person.
Speaker BBecause every single time you invest in that type of a who to solve the problem for you, it creates time freedom in your life.
Speaker BIt creates financial space in your life because the results that you're going to get are dramatically better and faster than if you just keep trying to beat your head against the wall.
Speaker BRead another book, take another course, go to another seminar, all of these to another convention.
Speaker BBut then how much do we actually get to implement?
Speaker BBecause your bandwidth is already maxed.
Speaker BIf you were going to make the changes and see the growth on your own, you would have already done it.
Speaker BAnd so this is, this is a great conversation.
Speaker BBut, and I see it in my life right now, I hit a place in the close it now business where I was starting to bump up against the wall and I, I really didn't know how to climb past that.
Speaker BSo that's why I hired a business coach for me.
Speaker BAnd you can do the same.
Speaker BSo thank you for Those reviews.
Speaker BThat is a great springboard to take us into what our conversation is today about cognitive bias.
Speaker BBecause what happens, we get the reason.
Speaker BSo let's talk about what cognitive bias is.
Speaker BI'll relate it back to what we were just talking about here for a second and then also we'll dive on into the conversation here.
Speaker BBut what cognitive bias is, here's the definition.
Speaker BSo cognitive biases is the official name for it is subconscious thinking errors that distort how people process information, evaluate decisions and perceive risk.
Speaker BSo here's why it matters.
Speaker BHere's why it matters.
Speaker BIn sales, your homeowners think they're making rational choices, but what's happening is they're really reacting to emotional shortcuts.
Speaker BIf you ignore this bias, you're going to fight resistance.
Speaker BIf you reframe the bias, then you become the guide and the decision starts to feel safer.
Speaker BNow, the reason this happens.
Speaker BSo when we're, you know, let's take it back to the conversation around hiring coaches and trainers for a second.
Speaker BYou know, so much of cognitive bias comes from two things.
Speaker BOne, and we're going to go through all of these things here in a second.
Speaker BBut there's a.
Speaker BNot everyone is the same in coaching and training, sales training, in business coaching, all those types of things.
Speaker BIt is definitely the 8020 rule as well.
Speaker BDon't think that just because someone has a coaching or training business that they're any good.
Speaker BThis is why when you look on social media, you should see all the conversations about gurus, the gurus that they teach because they can't do.
Speaker BSo that's very much a thing.
Speaker BNow when you are someone like myself who every single time we step on the field, we get results, real results, not just the flashy check out my gold change and watch me drive my race cars type of results.
Speaker BBut then I follow those types of trainers in companies and the companies almost always tell me they couldn't even run their own system in the field.
Speaker BOr they'll tell me that their numbers went down after they were there.
Speaker BBut while our numbers, when we work with companies, they go up on average about 30%, usually a pretty quick bump, and then starts to continue to increase over time, it doesn't drop back off because we do things differently.
Speaker BWe train on what we're going to get into, into today, these types of things.
Speaker BBecause once you're aware of these moments, it moves forward and you cannot move back.
Speaker BSo it moves the needle to a place where your lasting results are incredible.
Speaker BThat's why when you hire us to come Train your company, which right now we are open.
Speaker BThe calendar is pretty open for the fall of 2025.
Speaker BSo reach out right now.
Speaker BYou can get me@sam closeitnow.net or just go to closeitnow.net and fill out the form on there.
Speaker BI'll get back to you and we can have a discussion about how we can come get your company off of stuck.
Speaker BLet's get you out of neutral and get you into the next gear.
Speaker BSo that's why we see crazy results.
Speaker BThey are awesome and lasting.
Speaker BAnd if you don't believe me, reach out.
Speaker BI have a laundry list of testimonies and testimony videos and all kinds of stats.
Speaker BWe can chop it up.
Speaker BSo let's get into this episode.
Speaker BSo cognitive bias, yeah, it's subconscious thinking errors.
Speaker BThe brain creates shortcuts.
Speaker BSo here's why it matters.
Speaker BYou know, buyers think they're making rational choices, but what they're doing is they're really reacting to emotional shortcuts.
Speaker BSo the neuroscience behind this, the brain science, is they come from these biases.
Speaker BThey come from the, what's called the amygdala, it's the emotional center.
Speaker BAnd the prefrontal cortex is your rational center.
Speaker BSo your emotion part of your brain and the rational part of the brain are there competing for dominance in the brain in the decision factor.
Speaker BSo under stress or fear, the emotional shortcuts are going to win.
Speaker BThat is, some people call it the lizard brain.
Speaker BIt's going to just shortcut and take over because they're designed to protect.
Speaker BSo here's there are five top cognitive biases that sabotage in home cells.
Speaker BAnd so we're going to go through each of these five biases and I'm going to give you some word, some easy ways to recognize them, some word tracks and some verbiage to reframe these biases and to help you overcome those in a conversation.
Speaker BSo I'm going to take it slow because there's a lot here and I want to be able.
Speaker BI want you to be able to really pay attention.
Speaker BThis is probably an episode you're going to want to listen to multiple times.
Speaker BTo be able to absorb what and then be able, not just absorb, but to implement what we are talking about.
Speaker BBecause remember, success happens at the speed of implementation.
Speaker BSo let's get into the first one, which is confirmation bias.
Speaker BConfirmation bias.
Speaker BWhat is it?
Speaker BWe instinctively seek out evidence that supports what we already believe and we ignore or undervalue anything that contradicts it, even if the new information is factual.
Speaker BAnd if you don't believe this.
Speaker BI All you have to do is look at politics.
Speaker BThat's all I'm going to say about that.
Speaker BThis is not a political conversation.
Speaker BHowever, if you look at politics, what you will see is confirmation bias on display.
Speaker BBecause we all know people and it doesn't matter what side they're on.
Speaker BThey have a belief system that is being supported by their confirmation, by what they already believe.
Speaker BAnd when you show them facts and figures and actual reality, they don't believe it.
Speaker BThey'll ignore it or undervalue it because it doesn't align with what they already believe.
Speaker BSo it's the same thing.
Speaker BDoes that make sense?
Speaker BSo it's the same thing in sales.
Speaker BIt happens with everything.
Speaker BThat's just an obvious example.
Speaker BBut when we bring it back into the sales conversation, remember we're dealing with people, the timeframe.
Speaker BNo one has a blank slate when you walk in the door.
Speaker BThere's a.
Speaker BThere's history in their mind, there's experiences in their mind.
Speaker BEveryone has stories that they tell themselves based on their previous experiences.
Speaker BSo here's a couple of examples.
Speaker BYou know, if your homeowner already believes, for example, all H Vac companies are shady, or man, you know, every single time we hire a contractor, they're trying to take advantage of us, or I just need a cheap fix, what will happen is they're going to start filtering out everything you say that's going to challenge that, even if you're offering better solutions.
Speaker BAnd note, raise your hand if you've experienced this in the house.
Speaker BWe all have.
Speaker BIf you've been in five appointments, if you've even run five appointments, you've experienced this.
Speaker BAnd it becomes very glaringly obvious the second that it comes up.
Speaker BNow if a buyer already believes that those types of things, that all H Vac companies are shady or all plumbers are shady, or all, you know, whatever, it doesn't matter, or I just need a cheap fix, all those things.
Speaker BWhat happens is then, you know, and here's a good example too, right?
Speaker BYou can explain the long term return on investment of a new system, but the buyer keeps circling back to their neighbor.
Speaker BWhat'd the neighbor tell them?
Speaker BYou just replace the capacitor.
Speaker BSo that's an example.
Speaker BThey're going to ignore all of the other information because, well, you know, that's what the neighbor said, that's what the neighbor did.
Speaker BAnd boy, they got out of it cheap.
Speaker BWell, yeah, what they don't know is the neighbor's system's going to die next week again because they just treated the symptom, not the real problem.
Speaker BSo here's the brain hack.
Speaker BThe brain does this to reduce decision complexity.
Speaker BIt wants to keep it simple, but it keeps buyers stuck in outdated or fear based frames.
Speaker BSo here's some verbiage around how to shift this that will help you out when you come across those situations.
Speaker BStart with totally makes sense.
Speaker BMost people in your situation feel this way at first.
Speaker BWould you like to hear what changed their mind?
Speaker BSo it's a variation on feel, felt found if you've heard me go through that.
Speaker BBut yeah, most people in your situation feel that way at first.
Speaker BWould you like to hear what changed their mind?
Speaker BOf course they're going to say yes if you're in this conversation.
Speaker BAnd so here's a reframe tactic.
Speaker BSo what we want to do when we're dealing with any of these biases, you want to do a pattern interrupt.
Speaker BSo here's a question that you could use.
Speaker BWhat would it take for you to see this differently?
Speaker BYou're not telling, you're inviting new thought.
Speaker BWhat would it take for you to see this differently?
Speaker BThat is a, you know, a totally legitimate question.
Speaker BIf someone is stuck on something that they just, they're stuck for no apparent reason and just can't seem to get off of it.
Speaker BSo that is the first one, confirmation bias.
Speaker BI hope you're with me so far.
Speaker BNumber two is the sunk cost fallacy.
Speaker BThat's S U N K, one word, second word, C O S T, fallacy, Sunk cost fallacy.
Speaker BThe first few times I heard that, I didn't understand what the heck the words were people were saying.
Speaker BSo that's why I wanted to spell it for you because I don't want you to end up like me two, three years later, finally seeing it written out and be like, oh, that's what they were saying for so long.
Speaker BSo what is it?
Speaker BIt's when people have, when they've invested time, energy, money, or a combination of any of those things into something, they feel irrationally committed to it, even when it no longer serves them.
Speaker BSo I mean, and here's a good examples, right?
Speaker BLet's.
Speaker BHow many times have you had the thought to yourself, well, we already put this much in repairing our car, we already put this much into fixing it.
Speaker BYou don't want to feel like you've lost that investment.
Speaker BSo bringing it Back to H Vac, for example, the homeowner clings to their 15 year old system because they already spent $900 on it last winter.
Speaker BThe first, their focus is on the past loss not the future cost.
Speaker BSo even when you know what you could do, you're showing clear evidence that it's failing.
Speaker BThey still say something like, well, let's try one more repair.
Speaker BThis is when you know that you're bumping right up against one of these biases.
Speaker BAnd this is the one.
Speaker BThe sunk cost fallacy.
Speaker BSo here's the brain hack for this one.
Speaker BSo this fallacy is driven by loss aversion.
Speaker BSo the idea that giving up feels like losing even when it's the smarter option.
Speaker BSo a verbiage shift.
Speaker BYou can help turn the corner with this one.
Speaker BSo here's a word track for you.
Speaker BI can see how that feels frustrating.
Speaker BSo we're validating first, validate their concern.
Speaker BI can see how that feels frustrating.
Speaker BHere's what other homeowners realize continuing to invest in this is like refilling a leaking bucket.
Speaker BUse an analogy that's simple.
Speaker BMake it something they can easily understand.
Speaker BI can see how this feels frustrating.
Speaker BYou know, what other homeowners realized in the same situation is, you know, every single time they kept repairing this, it's literally like having a bucket that's got holes all in it and you're standing here with your water hose, it's just going to keep leaking out.
Speaker BThere's no way you could possibly ever fill it up and stop all the leaks.
Speaker BAnd so that's the conversation.
Speaker BIt's literally just using a simple, simple analogy that helps to reframe because it's a pattern interrupt.
Speaker BSo most people will try to handle something like this head on.
Speaker BI don't care if you've got your objection Rolodex or you've got the cards or whatever, those create conflict when you come directly into it.
Speaker BSo this is the reframe.
Speaker BYou know, we're going to help them compare future gain versus ongoing loss.
Speaker BThat's the comparison that has to be made.
Speaker BIt's not about what they already spent.
Speaker BIt's about ongoing loss.
Speaker BSo here's a good question.
Speaker BWhat will it cost if you're here again next summer?
Speaker BAsk, don't just tell.
Speaker BAsk it as a question.
Speaker BWhat do you think the price will be next year if we just keep kicking this can down the road?
Speaker BWhat will it cost if you're here again next summer, not including any and all repairs that we have to make between now and then?
Speaker BSo start including some things in this conversation.
Speaker BHelp them start comparing ongoing loss versus not losing and get their mind away from where they the sunk cost, what they already spent on it.
Speaker BSo that is the second one the sunk cost fallacy.
Speaker BYou ready for number three?
Speaker BRaise your hand if you're ready for number three.
Speaker BNumber three is choice paralysis.
Speaker BToo many options make it impossible to choose.
Speaker BThis is why I don't like a ton of options.
Speaker BThis is why I despise six options.
Speaker BThere's no need for six options.
Speaker BAnd I'll whoever trains this, I will stand up and 100% have this conversation with them directly.
Speaker BBut too many options makes it impossible to choose.
Speaker BYes.
Speaker BSo we've got to start narrowing it down.
Speaker BDon't give so many options.
Speaker BYes, absolutely.
Speaker BGive options 100%.
Speaker BWe need options, but don't give too many.
Speaker BAnd the second that you see any level of confusion or choice paralysis start to happen, in fact, some of the what they might say, hey, we need to sleep on this.
Speaker BWe're just not sure, you know, you know that you're running up in running against us.
Speaker BSo you know what happens.
Speaker BSo here's another way that you can know if you are bumping up against the choice paralysis.
Speaker BYou know, say you offer, say we offer three offers.
Speaker BYou know, a good, better, best.
Speaker BI recommend four.
Speaker BI like four options.
Speaker BFour options are cool, good, better, you know, basic, premium, platinum, you know, good, better, best, fantastic, whatever you want to name it, you know, name it after the mountain peaks, name them after the sports teams.
Speaker BI really don't recommend naming things low to high type of verbiage because homeowners will self disqualify from whatever level their identity doesn't match.
Speaker BSo if you're naming things like, you know, this is the Cadillac, this is the Ferrari, somebody might 100% be totally down with whatever level of equipment or whatever package is that the Ferrari level.
Speaker BBut literally, because you named it the Ferrari level, their internal identity goes, I could never afford a Ferrari.
Speaker BI'm not the type of, I don't have the identity of a, not a Ferrari, we're not a Ferrari family.
Speaker BSo they just discount it strictly on the fact that you named it improperly, that you named it bad.
Speaker BName it.
Speaker BName them more generalized things, things that don't have, that are not tied to different levels.
Speaker BName them things that are.
Speaker BYou know, for example, in Colorado, some of my friends in Colorado, they've had companies, they just pick four different mountain peaks or however many mountain peaks in the area and name them after that.
Speaker BYou know, in, in Kansas City, one of the companies I've worked with over there, Kansas City, as you know, if you've ever been to Kansas City, or all of you who listen there in Kansas City, very, very much probably the, the most sports fanatic city I've ever been in.
Speaker BSo they just name their different offers, their different levels after the different sports teams, right?
Speaker BYou've got the Chiefs, you've got the Royals, you've got, you know, just named after sports teams.
Speaker BIt works.
Speaker BAnd so it was perfect.
Speaker BIt was beautiful.
Speaker BBut don't name your levels something that people can self disqualify on based on their identity.
Speaker BSo let's get into this a little bit.
Speaker BWhen they're saying things like, oh, we need to sleep on this, or you know, they're, they give those hesitation, they start to get confused.
Speaker BWhat's happening is the brain is starting to shut down under uncertainty.
Speaker BThis is their prefrontal cortex again, locking up to protect against risk.
Speaker BSo what we need to do is to guide by starting to remove friction.
Speaker BWe need to start grouping options, start creating, create contrast.
Speaker BSo here's a word track for you.
Speaker BI gotta start breathing again.
Speaker BI get fired up about this and my yawns come same thing again.
Speaker BIf you haven't heard me say this, if you find yourself yawning in a presentation or fighting back those yawns, it means you're speaking too fast and you haven't.
Speaker BYou're not breathing deep enough properly in your conversation.
Speaker BBecause a yawn is just your body's natural reaction to get oxygen into your bloodstream.
Speaker BSo that's your, that's your brain protecting yourself from not breathing well.
Speaker BSo let's everybody breathe.
Speaker BThree, two, one.
Speaker BNice deep breath.
Speaker BLet it out.
Speaker BOkay.
Speaker BThanks for breathing with me.
Speaker BSo here's a word track for you.
Speaker BWhen you are running up against the choice paralysis, let's eliminate one together.
Speaker BWhich one?
Speaker BDoes it feel like a fit at all?
Speaker BOr here's maybe another version of that.
Speaker BIf you had to pick just one based on peace of mind, which one are you leaning towards?
Speaker BWhich one would you lean towards?
Speaker BSo we're bumping it over into the hypothetical.
Speaker BYou know, if you had to pick one just based on peace of mind, which one would you lean towards?
Speaker BSo that's a great word track to pattern interrupt and also help them eliminate some friction.
Speaker BAll right, hydration time.
Speaker BAll right, number four.
Speaker BNumber four is loss aversion.
Speaker BSo here's what it is.
Speaker BWhen people fear losing something, they have twice as much as they value gaining something.
Speaker BSo people fear losing something, they have twice as much as they value gaining something.
Speaker BNew one more time to make sure it's clear.
Speaker BI put the emphasis on the wrong syllable the first time.
Speaker BPeople fear losing something, they have twice as much as they value gaining something new.
Speaker BSo here's how this shows up in our appointments.
Speaker BYour buyer, you know, your buyer, the homeowner, they hesitate not because they doubt your solution, but because they fear the pain of making the wrong choice.
Speaker BWe all know this is a huge one.
Speaker BThis is the fear factor.
Speaker BThis is the risk.
Speaker BThis is why they get so many quotes from so many companies, especially in the last.
Speaker BIf you've raise your hand if you've noticed this in the last three, four, five years, people are shopping so much more than they ever have before.
Speaker BWell, why the heck do you think that is?
Speaker BMaybe that's because, I don't know, they're feeling taken advantage of way more than they ever have in the past.
Speaker BAnd especially with so many companies coming in that are, you know, the stories go around the companies that have come in and just dramatically overinflated pricing for no apparent reason.
Speaker BWell, homeowners don't want to get taken advantage of, so they fear making the wrong decision.
Speaker BMaking the wrong choice.
Speaker BSo here's the example.
Speaker BThey might say something like, oh, you know, let's let me.
Speaker BA lot of times they'll still come up as a think and they'll give that, I don't want to make a mistake.
Speaker BYou know, you're really catching the vibe with them of, let me think about it, I don't want to make a mistake in this.
Speaker BSo they're trying to avoid regret.
Speaker BThey're not trying to avoid the purchase.
Speaker BThey're trying to avoid the pain of regret from the wrong decisions.
Speaker BSo here's the brain science behind it.
Speaker BThe amygdala lights up when risk is perceived.
Speaker BSo again, the brain goes to work to protect them.
Speaker BAnd this is when even a great solution feels threatening if the downside isn't neutralized.
Speaker BSo here is your word track around this one.
Speaker BI hear you making the wrong choice is expensive.
Speaker BWould you like me to walk through how we remove that risk?
Speaker BOr I hear you making the wrong choice is expensive.
Speaker BWant to walk toget?
Speaker BWhat we can do is we can walk through how we remove that risk.
Speaker BOr is it okay if I share with you how we remove that risk?
Speaker BSo it's validating first labeling.
Speaker BI hear you.
Speaker BIt's validating labeling, making the wrong choices expensive.
Speaker BAnd then the permission question, can I walk through with you how we remove that risk?
Speaker BAnd then that permission question will keep open that door.
Speaker BAnd so they're going to say, yes, absolutely, because they want to hear what your guarantees are.
Speaker BAnd so this is the perfect opportunity to talk about what your Guarantees are.
Speaker BSo do not go into the warranty.
Speaker BWell, it's a 10 year parts warranty and it's a 10 year labor warranty.
Speaker BThis is not the time to talk about that.
Speaker BThis is the price guarantee and I'm not talking about a price match guarantee.
Speaker BWhat do you do, what does your company do to protect against the downside of making the wrong decision?
Speaker BSo if you don't have a rock solid, some sort of hey, we carry the risk for you guarantee, I highly recommend considering having one.
Speaker BFor example, our company, we had a two year, no questions asked money back guarantee.
Speaker BTwo years.
Speaker BDid we use it?
Speaker BNo.
Speaker BWell, actually I take that back.
Speaker BWe did.
Speaker BThere was a couple situations we did.
Speaker BWe actually took the system back, gave them every penny back.
Speaker BAnd those are stories for another time.
Speaker BIf you go dig through the podcast, you'll hear me tell those stories.
Speaker BBut in both cases, of course we got pictures of us handing the checks back and told those stories that, hey, we stand behind exactly what we say.
Speaker BWe put it in writing and here's proof.
Speaker BDo you think those stories probably sold us millions and millions and millions of dollars worth of volume moving forward?
Speaker BAbsolutely they did.
Speaker BSo it was a total no brainer.
Speaker BBut having some sort of guarantee.
Speaker BAnd then here's we also have to reframe it.
Speaker BSo once you go through, you know, I hear you, making the wrong choice is expensive.
Speaker BCan I walk you through how we remove that risk?
Speaker BYes.
Speaker BInstead of pushing benefits, what we need to do here also is we have to amplify the cost of inaction.
Speaker BWe've really got to crank up what inaction will do.
Speaker BSo here's just even as a question, what's the real cost of staying in the same situation six months from now?
Speaker BYes, but if you don't do anything, then what will happen if you don't do anything, what's the real cost here?
Speaker BSo reframing it into amplifying what that negative is because sales is a balancing act and it's really a ping pong match a lot of times, especially when you get closer to the close, you're going to be bouncing back and forth some between what is the pain and what's the cost of not doing and what's the pleasure or what we're solving with the future.
Speaker BSo we're constantly bouncing back and forth.
Speaker BThese were the, remember, these were the problems.
Speaker BIf we don't do anything, you're still going to have those problems.
Speaker BSo if you've done your job properly up to this point, you know how deep those problems go and you know, what it would feel like and how their life would change if those problems were solved.
Speaker BAnd so you're constantly bouncing back and forth, taking them through, letting them be the hero in their own story, solving those problems for their family, for themselves, et cetera.
Speaker BNow let's get to number five.
Speaker BSo that was number four.
Speaker BThat was loss aversion.
Speaker BSo number five is anchoring bias.
Speaker BSo what is this one?
Speaker BThe first number or idea, not just number or the first idea introduced becomes the anchor.
Speaker BAnd everything else is judged in relation to it.
Speaker BSo for example, if a competitor quoted $6,000, your $9,000 quote seems expensive.
Speaker BAnd even if it includes a, you know, a ton, more features, better warranty, long term value, et cetera, et cetera, et cetera, we all know there's a massive difference.
Speaker BBut why are they not, why are they not seeing it?
Speaker BBecause they have this anchoring bias.
Speaker BIt's the same thing when we're, you know, if you hopefully.
Speaker BAnd if you have it, there's an expression in negotiation.
Speaker BPerson that speaks first loses, because that's where the anchor is going to be set.
Speaker BAnd so then you're playing off of that anchor.
Speaker BAnd there's a time to, when you want to plant the first anchor, and there's a time when you want to avoid planting the first anchor.
Speaker BAnd again, that's a whole nother training in itself.
Speaker BSo all of these, there's a whole nother training on this.
Speaker BThese are all the things that we dive through when we do one on one coaching or when I come out and we work with your company directly.
Speaker BSo we get into all of this over time.
Speaker BBut you can't do it all at once.
Speaker BSo here's a great example.
Speaker BHave you ever had one of your homeowners say, well, the other guy can do it for half as much, the other guy can do it for half price.
Speaker BIt's like, holy crap, you're twice what the other guy was.
Speaker BYes, they're anchored.
Speaker BThey're not comparing.
Speaker BThey're just commentary of what their anchor is.
Speaker BSo the brain hack here is.
Speaker BThis is a framing error.
Speaker BYou hear me talk a lot about framing.
Speaker BThat's why I recommend the book Pitch Anything by Oren Claffing, because it is the very best book on how to set a frame.
Speaker BBut this is a framing error.
Speaker BThe brain attaches early numbers to decisions way before the full context is considered.
Speaker BSo they attach early numbers to decision weight before the full context is considered.
Speaker BSo here's the shift, your verbiage, your word track here.
Speaker BI appreciate that.
Speaker BBefore we talk final numbers, let's compare the outcomes, not just the price tags.
Speaker BBefore we talk final numbers, let's compare the outcomes, not just the price tags.
Speaker BThat helps to reframe into what's really the important issues.
Speaker BAnd again, reminding them about their pain points, reminding them how life is going to change.
Speaker BAnd here's another example.
Speaker BYou know, when people invest in long term comfort, performance, peace of mind, it usually lives in this range.
Speaker BSo once you've gone through reminding them of all of that and you've shown very clear how maybe the half price offer, you know, the half price guy, and they can start to see because of this conversation that okay, maybe that isn't the best reason, the best choice and even do it through questions.
Speaker BHoly cow.
Speaker BWhy do you think they're that much less?
Speaker BLet them tell you a few reasons.
Speaker BWhy do you think they are that much lower in their price?
Speaker BLet them tell you because they're going to come up with a few negatives and then build on that.
Speaker BAnd so then you can reframe it into, you know, here's what it should look like.
Speaker BAnd so then, then after you and then only represent your offer, only represent what your pricing is, after you've had this conversation and you shifted their lens that they are looking through, you've, you're able to completely reframe the conversation, then you can re present once they understand the full dynamics of everything they should be considering in this decision, not just a sticker price.
Speaker BSo let's do some real, some coaching here.
Speaker BLet's talk about how to read the bias in the moment.
Speaker BSo hang with me, we're almost through here.
Speaker BI love this stuff.
Speaker BThis stuff is just, this is what moves the needle for top performers.
Speaker BYes, there's the steps in the process and some of the verbiage and those types of things, but I guarantee you, everyone listening, these are the things that make the biggest difference.
Speaker BThese things are the difference between a 1, 2, 3 million dollars a year person and a 6, 7, 8 million dollars a year person guaranteed.
Speaker BBecause I've coached everybody at all the different levels and personally I've done it myself and I've seen what move needle and these are the things that move the needle the most.
Speaker BThe problem is when you go and talk to most of the top performers, they don't necessarily always know how to break this down to communicate it to you because that's not where their heads are at.
Speaker BThat's my job.
Speaker BIt's where my superpower lies, is to be able to analyze these and break them down in a way where we can all learn them a lot faster instead of just getting there through reps and intuition like a lot of top performers did.
Speaker BI mean, that's why I didn't even start the training and coaching until I was 15 years, you know, well, 13, 14, 15 years in sales as a top performer because I didn't even think to be able.
Speaker BI got there through intuition and just through osmosis.
Speaker BBut now I'm turning around and breaking it down for everybody so you can learn a lot faster.
Speaker BIs there no reason you should have to be stuck for years and beat your head against the wall and, you know, see if you can pick up, up, pick this stuff up through osmosis when we can just break it down and you can learn it and practice it and move on and get better.
Speaker BSo that's the real time coaching here.
Speaker BSo you can't fix what you don't see.
Speaker BThese biases, they show up very subtly.
Speaker BThey often show up as just shifts in tonality.
Speaker BThey'll show up as sometimes as people are speaking, they'll show up as delays in the language.
Speaker BThey'll show up as repetitive objections.
Speaker BSo here's some tactics to spot these bias in the field when you come across them.
Speaker BIf a buyer wants to repeat a concern without new information, that's your confirmation bias.
Speaker BIf they just keep seeing the same concern over and over and it, you know, they're not giving you new info, they just stay stuck on something.
Speaker BIt's confirmation bias.
Speaker BIf they are, for example, just replaying repair costs, you know, like, oh, I know, but we spent this much already, or, oh, but last year we did this, or we've already done this.
Speaker BThat's your sunk cost fallacy.
Speaker BThat's how you know what they're thinking.
Speaker BIf they say, they keep saying, hey, we need to think about it with visible overwhelm.
Speaker BClearly they're in overwhelm of the choices.
Speaker BAnd this is massive for a lot of people.
Speaker BThere's so what they think is the.
Speaker BThey're calling you to talk about an air conditioner, or they're calling you to talk about a garage door or water heater.
Speaker BThen all of a sudden we show up and we give them this laundry list of things to choose from.
Speaker BThey're like, how many times have you gone through your whole process?
Speaker BAnd then the homeowner says, man, I just wanted an air conditioner today.
Speaker BGeez, I just wanted a water heater.
Speaker BMan, I just really wanted a. I just needed some gutters today.
Speaker BYou're in choice paralysis.
Speaker BThis Is what happened there was visible overwhelm.
Speaker BSo you've got to simplify it.
Speaker BNumber four, if they keep asking, what if it breaks again?
Speaker BWhat if it breaks again?
Speaker BThis is loss aversion.
Speaker BLoss aversion.
Speaker BAnd then if they reference another bit immediately anchoring.
Speaker BIf they or reference a.
Speaker BWell, Google says, Google says it should be this much.
Speaker BWell, that's anchoring.
Speaker BThere's some numbers anchored in their mind.
Speaker BNo real reason why it's there other than a source put it in there.
Speaker BAnd it doesn't mean it's factual or not.
Speaker BBut they don't know the difference until you help them.
Speaker BSo train yourself and your team to pause when friction rises and ask, is this logic or is this a bias?
Speaker BIs this logic or is this a bias?
Speaker BAnd if you start training yourself to think along those lines, when resistance comes up like this, you'll be able to handle them a lot better.
Speaker BSo remember this.
Speaker BYour buyer is not being difficult.
Speaker BYour homeowner, they're not being difficult.
Speaker BTheir brain is just trying to protect them.
Speaker BWhen you recognize these bias patterns, you stop arguing and start leading.
Speaker BYou create space for clarity and clarity is what's going to close the deal for you.
Speaker BSo here's a recap.
Speaker BBias distorts logic, but it doesn't have to kill the deal.
Speaker BThese five biases are predictable and reversible with the right approach.
Speaker BSo the neuroscience, the brain, science plus the phrasing equals clarity and conversions.
Speaker BSo the best, the top reps. We don't overpower objections.
Speaker BWhat they do is they dissolve confusion.
Speaker BSo remember that.
Speaker BSo who do you know that is good or great at cells but loses buyers at the end?
Speaker BSend them this episode.
Speaker BThis will help.
Speaker BAnd also want some bias proof training for your whole team?
Speaker BGo, go to my website, go visit closeitnow.net, pop me a message.
Speaker BSam, close it now.net and we've got some cool stuff coming.
Speaker BThere are some really cool trainings.
Speaker BGo join the mailing.
Speaker BOh, something I've never talked about.
Speaker BOne, join the Facebook group.
Speaker BAnd for closing out.
Speaker BAnd also when you do, pop your email in the question and we'll get you on the mailing list.
Speaker BSo we announce when we're doing.
Speaker BThere's so many trainings and things that I do that are outside of what I can even have time to talk about here on the show.
Speaker BPop me your email.
Speaker BWe'll put you on the mailing list.
Speaker BThat way we'll keep you in touch with where we're going to be.
Speaker BWe've got some events coming up.
Speaker BOne that I'm really excited about is the Services Summit that is going to be November 4th and 5th here in Austin, Texas.
Speaker BBradley is dropping of the Dropping Bombs podcast.
Speaker BHe is going to be the keynote and yours truly, I am going to be speaking at that event as well.
Speaker BYou can go to services summit.com to grab your tickets and also two quick notes about it.
Speaker BOne, I'm helping support this event.
Speaker BSo we are looking for sponsors who do you know that you would like to see as a sponsor there.
Speaker BIf you are listening and you are a vendor, reach out to me and we can, I can get you the pitch deck for sponsorship because, because the reason I'm promoting this on the show is a huge part of the proceeds from this event go to Children's Cancer Research foundation and I am very, as you know, I'm very passionate about giving back to the community and this is one of the most incredible ways to do it.
Speaker BSo come have your socks blown off by I'm going to bring the heat.
Speaker BI'm bringing some fire to this.
Speaker BThere's a couple things that I think I'm going to speak about that you haven't heard and if you've never heard me live and you've only heard on the podcast, it's a whole different level of intensity and connection.
Speaker BAnd come to the event because it's going to be for a great cause.
Speaker BSo thanks for listening today, everybody.
Speaker BI know I believe in every single one of you.
Speaker BThank you for being part of this movement.
Speaker BThis is different than everything else out there.
Speaker BThis is not just training to make more money.
Speaker BThis is training to make a bigger impact.
Speaker BOne of the things that I love to say is the best way to help the poor is to know not be one.
Speaker BSo the more that you grow yourself and the more you grow your income, the better you can impact the world around you to be able to change the face of your community and by your family, your community and by extension the world.
Speaker BSo thanks for being here with me and I appreciate every single one of you.
Speaker BGo work to become someone worth buying from.
Speaker AYou've been listening to the Close it now podcast.
Speaker AOur passion is to dive head first into the transformative movement that's reshaping the very foundation of H Vac and home improvement and at the same time covering fitness, nutrition, relationships and personal growth, proving that we can indeed have it all.
Speaker AWe hope you've enjoyed the show.
Speaker AIf you did, make sure to like like rate and review.
Speaker AWe'll be back soon, but in the meantime find the website@closeitnow.net find us on Instagram herealcloseitnow and on Facebook at closeitnow.
Speaker ASee you next time.