How to Master the 3 Tens in Sales

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October 6, 2020
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The Wolf of Wall Street
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How to Master the 3 Tens in Sales

TL;DR

The key to successful sales is transferring certainty to the customer. This involves ensuring the customer feels certain about the product, trusts the salesperson, and has confidence in the company. Achieving a '10' in these areas increases the likelihood of closing a sale. Understanding and applying this principle can transform sales performance.

Transcript

i'm jordan belfort and this is sales school all right here's the deals america gets back to work you want and need every possible advantage out there succeeding the new economy smart companies run on netsuite by oracle the world's number one cloud-based business system so receive your free guide right now at netsuite.com let me now jump forward a b... Read More

Key Insights

  • Every sale follows the same fundamental principles, allowing for a standardized approach to closing deals.
  • Sales is the transference of emotion, primarily the emotion of certainty from the salesperson to the customer.
  • The 'continuum of certainty' rates customer certainty on a scale from 1 to 10.
  • A customer who rates a product as a '10' is highly likely to purchase, provided other factors align.
  • Trust in the salesperson is crucial; a customer must also rate the salesperson as a '10' to feel confident in their purchase.
  • The company behind the product must also be trusted, achieving a '10' in customer perception.
  • The 'three tens' refer to product certainty, salesperson trust, and company reputation, all needing high ratings for a successful sale.
  • Sales techniques should focus on increasing customer certainty across these three areas to maximize closing potential.

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Questions & Answers

Q: How does the 'three tens' concept apply to sales?

The 'three tens' concept in sales refers to achieving high certainty in three critical areas: the product, the salesperson, and the company. Customers need to rate these aspects as a '10' on a certainty scale for a successful sale. This approach ensures the customer feels confident in their purchase decision, increasing the likelihood of closing the deal.

Q: What is the role of emotion in sales?

Emotion plays a crucial role in sales, with the primary emotion being transferred being certainty. A salesperson must instill confidence in the customer about the product, themselves, and the company. This emotional transfer helps the customer feel secure in their decision, making them more likely to proceed with the purchase.

Q: Why is trust in the salesperson important?

Trust in the salesperson is vital because customers are unlikely to buy from someone they do not trust. A salesperson must establish credibility and rapport, ensuring the customer feels comfortable and confident in their guidance. Achieving a '10' in trust can significantly influence the customer's decision to buy.

Q: How can a company improve customer certainty?

A company can improve customer certainty by maintaining a strong reputation, providing excellent customer service, and ensuring product reliability. Consistent positive experiences and transparent communication help build trust and confidence, encouraging customers to rate the company highly on the certainty scale.

Q: What is the 'continuum of certainty'?

The 'continuum of certainty' is a scale used to measure a customer's confidence in a product, salesperson, and company. Ranging from 1 to 10, it assesses how certain a customer feels about these factors. The goal is to move the customer as close to a '10' as possible to increase the likelihood of a sale.

Q: How can salespeople increase customer certainty?

Salespeople can increase customer certainty by demonstrating product value, building trust through honesty and expertise, and reinforcing the company's positive reputation. Effective communication, enthusiasm, and addressing customer concerns directly contribute to raising the customer's certainty level across the 'three tens.'

Q: Why is product certainty important in sales?

Product certainty is crucial because it directly influences a customer's decision to purchase. When customers are confident that a product meets their needs and offers good value, they are more likely to buy. Ensuring the product is perceived as a '10' on the certainty scale is essential for closing sales.

Q: What happens if a customer is not certain about the company?

If a customer is not certain about the company, they may hesitate to purchase, fearing potential issues with product delivery, quality, or customer service. Ensuring the company is perceived as trustworthy and reliable is crucial to overcoming these concerns and achieving a successful sale.

Summary & Key Takeaways

  • Successful sales hinge on transferring certainty to the customer. The 'three tens'—product certainty, salesperson trust, and company reputation—must all be at a '10' for a sale to close. This approach standardizes the sales process and increases the likelihood of success.

  • Sales is fundamentally about transferring the emotion of certainty. Customers must be convinced of the product's value, trust the salesperson, and have confidence in the company. Achieving high certainty in these areas is key to closing sales.

  • The straight line sales method emphasizes the importance of the 'three tens': ensuring the customer is certain about the product, trusts the salesperson, and believes in the company's reliability. Mastering this approach can significantly enhance sales outcomes.


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