{"id":331,"date":"2018-01-06T20:00:48","date_gmt":"2018-01-06T20:00:48","guid":{"rendered":"http:\/\/sellingsherpa.com\/?p=331"},"modified":"2018-01-08T01:53:27","modified_gmt":"2018-01-08T01:53:27","slug":"using-the-laerc-b2b-sales-objection-handling-framework","status":"publish","type":"post","link":"https:\/\/sellingsherpa.com\/index.php\/2018\/01\/06\/using-the-laerc-b2b-sales-objection-handling-framework\/","title":{"rendered":"Using the LAERC B2B Sales Objection Handling Framework"},"content":{"rendered":"<div class=\"nolwrap\"><p>If you were to ask B2B sales professionals to name the most popular qualification framework, most would immediately reply, \u201cBANT&#8221; which stands for budget, authority, need, &amp; timeline. BANT, originally created by IBM, remains popular despite the efforts of countless consultants to brand permutations of synonyms for the 4-words (ex: ANUM = authority, need, urgency, money). \u00a0However, quite curiously, you would likely hear silence if you asked the same question about the most popular objection handling framework.<\/p>\n<p>My Google search for &#8216;sales objection handling framework&#8217; surfaced the following: LAER, LIAR, AQPC, LQCRE, LAARC, and ARC.\u00a0 Without even knowing what these acronyms stand for, you can already see a BANT\/ANUM-like profusion based on variations of the same letters.<\/p>\n<p>Of these frameworks, the earliest to appear was LAER which Jack Carew (seems to have) coined in his 1990 book entitled, \u201c<a href=\"https:\/\/www.amazon.com\/Youll-Never-Get-No-Answer\/dp\/0671736493\">You\u2019ll Never Get No for an Answer<\/a>.\u201d [Note that many misattribute LAER to <a href=\"https:\/\/blog.hubspot.com\/sales\/laer-model-objection-handling\">Hubspot<\/a> since they wrote about the framework without citing its provenance.]<\/p>\n<p>With one small addition and with credit to Mr. Carew, here is the <strong>LAERC framework<\/strong>:<strong>\u00a0<\/strong>(pronounced lay-erk)<\/p>\n<ol>\n<li>Listen<\/li>\n<li>Acknowledge<\/li>\n<li>Explore<\/li>\n<li>Respond<\/li>\n<li>Confirm<\/li>\n<\/ol>\n<h3>Listen<\/h3>\n<p>When encountering an objection, the first step is to listen. Listening means not only comprehending the text and subtext but also utilizing silence as a tool to encourage the prospect to elaborate.<\/p>\n<ul>\n<li>Prospect: \u201cYour solution is too expensive.\u201d<\/li>\n<li>AE: \u201c\u2026\u201d<\/li>\n<\/ul>\n<h3>Acknowledge<\/h3>\n<p>Acknowledge has many synonyms, including empathize, relate, or cushion. I prefer to stick with Carew\u2019s original word choice since it best conveys the neutral intent of this second objection handling step which is to\u00a0communicate that you heard the objection (or question) without immediately agreeing with or combatting it.<\/p>\n<ul>\n<li>AE: \u201cI understand you feel our solution might be too expensive.\u201d (Note: Though entirely optional, I added \u201cmight\u201d as a softener.)<\/li>\n<\/ul>\n<h3>Explore<\/h3>\n<p>As with Acknowledge, you\u2019ll find in other frameworks variations of Explore such as identify, question, probe, or clarify.\u00a0 Here again, Jack Carew was right from the beginning. Explore connotes a mutual, conversational process of discovery intended to get to the root of the objection.<\/p>\n<p><a href=\"https:\/\/www.dalecarnegie.com\/assets\/1\/7\/OvercomingObjections.pdf\">LQCRE from Dale Carnegie<\/a>, puts Explore before Acknowledge. However, I feel strongly that Explore should be the 3<sup>rd<\/sup> step to avoid even a hint of coming off as defensive which is likely to happen when immediately following an objection with a question.<\/p>\n<ul>\n<li>AE: \u201cWhy, specifically, do you feel our solution is too expensive?\u201d<\/li>\n<li>Prospect: \u201cWhen we purchased other, admittedly different, SaaS products in the past, we paid about a quarter the price of what you quoted.\u201d<\/li>\n<\/ul>\n<h3>Respond<\/h3>\n<p>Respond, variously renamed &#8216;position&#8217; or &#8216;address,&#8217; is the focus of most of what has been written about objection handling.\u00a0 Here, I\u2019ve provided a number of ways to respond based on popular techniques:<\/p>\n<ul>\n<li>Reversing = unexpectedly agreeing with the prospect\u2019s objections and positioning it as precisely the reason they should buy.<br \/>\nAE: Yes, we are \u2018too expensive\u2019 and that is exactly why you should work with us. We include the insight, analytics, and white-glove service you need to beat your competitors who are afraid of our price.\u201d<\/li>\n<li>Negative reverse selling = Unexpectedly agreeing with their objection so that the prospect resolves their own objection<br \/>\nAE: Does that mean you have decided not to explore this any further? \u2026 OR \u2026 \u201cPerhaps it is too expensive. What would you need to see or hear from me to feel it was worth paying more?)<\/li>\n<li>Playing dumb<br \/>\nAE: When you say \u201ctoo expensive,\u201d what does that mean?<\/li>\n<\/ul>\n<h3>Confirm<\/h3>\n<p>While Jack Carew had it almost perfect with LAER, later objection handling experts added Confirm, or equivalently, check, evaluate, test, or close. \u00a0In this crucial 5<sup>th<\/sup> step, the salesperson must ensure the prospect not only understood but also accepts and agrees with the response.<\/p>\n<ul>\n<li>AE: \u201cI know you were concerned about the cost of our solution. Before we move on, do you feel the additional value we discussed might justify the price?\u201d<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Final Thoughts<\/h3>\n<p>For acronym-based frameworks to stick, they need to be meaningful and memorable. LAERC, or even just LAER, passes the meaningful test since it uses the \u2018right\u2019 words in the correct sequence without repeating letters. However, LAERC, as well as LAER, LIAR, AQPC, LQCRE, LAARC, unfortunately, does not roll off the tongue as well as BANT (or ANUM) does. Consequently, you should expect to work a bit harder to cement this valuable objection handling framework in your mind.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>If you were to ask B2B sales professionals to name the most popular qualification framework, most would immediately reply, \u201cBANT&#8221; which stands for budget, authority, need, &amp; timeline. BANT, originally created by IBM, remains popular despite the efforts of countless consultants to brand permutations of synonyms for the 4-words (ex: ANUM = authority, need, urgency, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","_monsterinsights_skip_tracking":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-331","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"If you were to ask B2B sales professionals to name the most popular qualification framework, most would immediately reply, \u201cBANT&quot; which stands for budget, authority, need, &amp; timeline. 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