Handling Objections and Closing The Gift

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HANDLING OBJECTIONS AND CLOSING THE GIFT

Academic Library Development and Advancement Network May 19-22, 2007 Banff, Alberta

Dr. Arthur L. Criscillis


Partner Alexander Haas Martin & Partners

Objection Expression of hesitancy, concern or resistance in response to a gift request.


Objections are opportunities to better understand the donors motivations and needs. As such, the expression of an objection brings you closer to securing a gift.

I.

Why Objections Surface During Solicitations


You rarely know all of the issues until you ask for a gift Personal circumstances Financial circumstances Other outstanding commitments Relative priority of organization

You are asking Not necessarily the prime time Not necessarily their time You are asking people to stretch Relates to amount Relates to time

II.

Potential Reponses to Your Request


Yes Thank the donor Confirm the details Leave Follow-up immediately Widen the circle of appreciation

No the Ultimate Objection? Listen actively to understand rationale Restate concern(s) expressed Probe to determine the nature of No No to project No to amount No to time No, never Probing may lead to objections surfacing and negotiations beginning

Ill think about it Affirm and interpret Question and probe Likely to lead to objections and negotiations Expression of an objection MisinformationFacts MisunderstandingOutside Authority ApprehensionExample Real ObjectionBlock It Off

III. Principles for Dealing with Objections


Listen actively and carefully. Ask open ended questions to clarify the issues and concerns. Restate what you hear. Summarize the positives that led you to solicit. Find areas of acceptance/enthusiasm. Know the parameters within which you are working. Keep the relationship at the forefront.

IV. Close
If/then Would you/Could you?

V.

Final Words
There are no magic bullets. It really is about the donor. Dont win the battle and lose the war.

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