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Tips, Tools & Tricks of the Trade
Doug Smith

Doug Smith, founder of Douglas Smith & Associates, is a 24-year industry veteran. His career spans the areas of loan origination, sales training, management development, marketing, personal coaching and corporate sales. Doug’s columns appear in Mortgage Originator, Mortgage Planner, The Mortgage Record and Mortgage Broker magazines. He publishes a monthly newsletter, Power Selling, and authored Climbing the Ladder of Success. For more information, visit http://www.dougsmithonline.com/

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Gaining Confirmation to Close
If you have read many books on selling, you have likely encountered the terms "pre-close" or "trial-close." The concept is sound. It teaches us that waiting to the end to ask a prospect if he or she is interested in what we have to offer is a flawed approach. Doing so can lead to many questions, concerns and objections when we should be moving forward. There is a better way.

The skill of "confirming" is used to test a customer's interest level and gain their buy-in throughout your conversation. We confirm agreement by asking questions that gauge how we are doing. This not only keeps the customer actively participating in the conversation, but also works to advance the conversation or selling process to the next step. It's a simple practice that's easy to master.

The skill of confirming can be best illustrated in the following examples.

My initial contact phone call:
"Mike, would you be willing to invest 15 minutes with me to see if there are
ways I help you?"

At first appointment:
"Janet, I have some suggestions I would like to share with you. Would you like
to hear them?"

During a client conversation:
"Bill, how am I doing so far? Are we on the right track?"

After presenting a solution:
"Anne, does that sound like it would help you accomplish what you want to accomplish?"

In deciding the next steps:
"Kevin, I feel we can be your lender. What are our next steps?"

In asking for business:
"I am ready to help you move forward. Are you ready?"

Like most effective selling skills, confirming is not hard; it's simply something you must remember to do. Over the next few weeks, practice your confirming skills on every prospect phone call, sales visit and customer encounter. With a little attention and effort, you'll get pretty good at it!

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