SALES Techniques - How To Convince A Customer To Buy From You - YouTube

Channel: Dan Lok

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would you like to convince more of your
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customers to buy more from you more
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often today I'm gonna teach you a simple
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but powerful sales technique that's been
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proven to work in my various companies
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it is very simple something that you can
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apply today it has nothing to do with
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gimmicks has nothing to do with your
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cell script it has to do with your offer
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what are some of the simple things that
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you can tweak within your offer they can
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convince your customers to buy more from
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you and that strategy is called the
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three boxes now I want you to think
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about this when you are selling your
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product or service that you have one
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choice you have one option when someone
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looks at your offer all they could think
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all the consumers can think is do I want
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to buy this or do I not want to buy this
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so it is a yes or no response so now
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they're thinking okay hmm can I afford
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this do I have the budget for this they
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are focusing on price now however if you
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give them two choices such as I like an
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A and a B like this I want you to think
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back remember when you go to movie
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theaters long time ago right they give
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you two choices they have the large pop
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and then they have the small pump when
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you want to buy a soda two choices and
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what most people do is when you give
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them two choices
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80% go for their small and 20% goal for
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the Lodge why because most of elective
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plays safe and they like to pick the
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ones that take a save money on so it's
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eight and be good now when you get that
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a and B these two choices the consumer
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your customer they're not so focusing on
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okay do I want to buy this or do I not
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want to buy it they're thinking which
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one do I want to buy but then later on
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the movie theater they introduced a
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third choice which is this right that's
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the three boxes and here's how the
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strategy works suddenly they have the
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small soda they have the regular which
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used to be the old
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which now they caught the regular
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because large feels like oh it's too
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much a regular that makes sense they
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just change the name it's used to be
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large regular and then they have one the
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jumbo size pop that's like this big
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right that you can never ever finish
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even with your kids so you have the
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three choices and here's how it works
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they offer you the small they offer you
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something in the middle they give you
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something that's like jumbo size so when
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you do this suddenly there's like what I
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call contrast pricing so what you do is
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this when you offer your product and
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services you want to make your the
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biggest offer the ultimate SuperDuper
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offer that is so outrageous that knowing
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most people will not go for this knowing
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that and then you want to make your
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small offer like so wimpy right you want
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to make it so like now average you don't
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like it that much but you want to make
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the middle one very very compelling
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knowing you actually want people to buy
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this one that's the one you want to buy
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so what happens is the movie theater to
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introduce this concept twenty percent
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who read lately really like soda they go
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for the big jumbo twenty percent right
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and then you have sixty percent go for
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the middle and then you have twenty
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percent they go for the small and then
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later on they actually introduce their
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kind of the kids size now what I believe
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when you are making an offer two choices
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it's good three choices are the best
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now when you offer them four choices I
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believe it's a little bit too much it's
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a little bit too confusing but when you
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give them this and you make the middle
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one this is the one you want to sell you
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make this as compelling as possible let
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me give you another example I want you
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to think about you are taking your car
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to a car wash they use this technique
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where you have they wish em they would
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like kind of shampoo the exterior of
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your car let's say for 15 dollars that's
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it like a simple shampoo that's it or if
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you want a shampoo outside your car and
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they add some new you know chemical
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whatever right and some new shine and
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also they will vacuum your interior for
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twenty-five dollars
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so you're thinking
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fifteen bucks well for ten bucks more I
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can you know also you know my my car
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interior is a little bit dirty okay I'll
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take that and then they have the super
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detailing wax like 200 bucks you're like
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oh I'm not gonna go for that 200 bucks
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that's just too crazy but I'm not gonna
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be a cheap ass I'm gonna go for one in
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the middle that's the one they want to
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sell you so you can easily do this for
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your business so I want you to create
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three boxes the small one very very
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small very Wimpy you can even think
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about silver gold platinum you've heard
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of those terms before silver going
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platinum for some kind of membership
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they do that too Wow and this I want it
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I want you to make it US expensive I
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said luxurious as possible for the big
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one knowing most people will not go for
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this but he's what's very interesting at
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any given time 510 even as much as 20%
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of your marketplace they will want the
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best right to give me the biggest best
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thing that you have that's good huge
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profit margin but knowing you're not
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counting this to sell right this one
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you're like this is really for that the
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cheap customer you want the majority the
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60% 80% to bite this one so what you can
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do is let's say the list of features and
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benefits let's say dis offer you have 10
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things okay this you might have it like
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two things but this you give it seven
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things this gets the most value when
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customer biases and you offer them to
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one in the middle this is core contrast
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pricing this is a decoy you're not
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counting to sell this is simply a decoy
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there you go that's the strategy of
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three boxes very simple you see selling
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is about choice marketing is about
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giving your customer choices not too
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many not too little just the right
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amount and let them believe that it is
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their choice to make that purchase and
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make them
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my indecision