Thank Goodness It's Monday #417

HOW TO USE THE

“BEN FRANKLIN CLOSE”

IN THE 21^ST CENTURY

American Commissioners at the Treaty of Paris Conference  by Benjamin West

 

Sealing the deal are, from the left, John Jay, John Adams, Benjamin Franklin, Henry Laurens, and Franklin's nephew and secretary.

The right side of the painting is unfinished because the British commissioners to the conference refused to sit for their portraits.

Perhaps if Franklin had used his vaunted "closing" technique we could have had a completed painting.

We came away with a new nation instead. 

Someone actually unloaded the legendary Benjamin Franklin Close on me recently.

You know what that is, don’t you?

Of course you do. It’s a classic espoused by many legendary sales trainers and personal development folks -- Dale Carnegie, Zig Ziglar, Tom Hopkins and other less-known folks. There are abundant explanations and demonstrations only a mouse click away. 

But don’t leave here. Because even if you don’t know the technique –

 

I’m about to sum it up for you. With commentary. 

The Benjamin Franklin Close is also known as “The Balance Sheet Close” or “The T-Bar Close” and, from the seller’s point of view, it goes something like this:

You’ve made your usual masterful presentation. But the prospect appears to be unable to make up his or her mind. You feel as if you’ve tried just about everything in your sales kit but still can’t get them to commit. So, as the seller in my recent experience did, you say something like:

“We all know how smart old Benjamin Franklin was. He was a very thrifty fellow and like you concerned for getting the most value for every dollar spent, wouldn’t you agree Mr. Steck?” 

(Award one-half point for seeking agreement. Deduct one-half point for heavy-handed use of my name. Deduct 2 more points for not noticing all the books about Ben in my office.)

“Back in the day, whenever he was faced with a decision – and he had some pretty big ones – he would take piece of paper, draw a vertical line down the middle and head one column with a ‘plus’ (+) and the other with a ‘minus’ (-).” 

(No points here either way, but there should be deductions in the name of historic accuracy as we will see momentarily. And the lazy-brain phrase “back in the day” grates on my ears, but …)

“In his genius he discovered that by listing all the positive attributes on the plus side and all the negative aspects on the minus side, the decision would become obvious. Pretty sound concept, agreed?” 

(Lose 2 points for working the “get agreement” strategy too often. Add back one-half for NOT using my name again.)

“Let me show you how it works. Since you seem to be having a tough time deciding, let’s list the plusses – some of the reasons you may want to do business with us. Then we’ll list the minuses. Fair enough?” 

(This getting-agreement thing is getting a little irritating although it might have been OK here IF it hadn’t been overworked earlier.)

Now, if you’re like the guy pitching me, you get out a clean sheet of company letterhead and your company-logo giveaway pen and begin to list everything good about the offer, product, service, whatever. In your best leading-the-witness style, you get the prospect to say most of them. You take your time to develop a comprehensive list.

Then you say –

“OK, let’s list the minuses.” And you hand the pen to the prospect … and push the list toward him … and you say nothing more. 

Bing-o/Bang-o! Usually the prospect can only think of objections couched in terms of price or affordability. And you’ve got the answers to those down cold, don’t you?

Start calculating your commission!

Or not. If I’ve done my writing job right, you should be thinking, “But Geoff … do we detect in your tone and presentation that you have a problem with the Benjamin Franklin Close?”

Kee –rect! It’s Old World selling that is –

 

Destined to fail. In fact, as an Old World kinda guy myself AND a Ben Franklin fan, while I was almost entertained by having it trotted out, I was mostly and ultimately annoyed.

 

The reality of 21^st Century selling is: In this computer-info-powered age, any real customer …

… seriously intending to buy

… who has done their prep before you call

… and who has allowed you in but isn’t responsive after you’ve presented

…has pretty much made up his or her mind. 

 

You’ve just not been told the decision.

And I maintain this Death-of-a-Salesman-era closing ploy is unlikely to swing things in your favor.

 

So do you just forget about the Benjamin Franklin Close and never use it?

No! No! NO! I wouldn’t waste your time reviewing it if I didn’t think there was some more-than-cautionary –

TGIM ACTION IDEA: Be like Ben. Do what Ben really would have done. Use the Ben Franklin PRINCIPLE to prepare to get the sale to “Yes!” before you even walk in the door.

No mystery, it’s in the history: In a letter to Joseph Priestly (the English scientist who discovered oxygen), Franklin commented about a perplexing decision that Priestly was wrestling with.

Franklin wrote to his chemist friend that the problem of deciding inexplicable situations is that "all Reasons pro and con are not present to the mind at the same time...." As a result, our minds are like a pendulum swinging back and forth, swayed by whichever aspect of the decision seems to be primary at the time without being able to arrive at a solution.

 

To help solve the dilemma at hand, Franklin informed Priestly that he (Franklin) would divide a sheet of paper into two columns, listing one Pro and the other column Con.

Then in the course of three or four days he would write in each appropriate column brief hints about the motives that at different times occurred to him for or against the decision. If, after careful evaluation, the Pro column contained more positive features, he would make his decision accordingly. The same evaluation process applied to the Con column.

 

Franklin admitted that his decision-making method was purely procedural, and that it could not advise him what to do, but only how. He did inform Priestly that "when each (Pro and Con reason) is thus considered separately and comparatively, and the whole lies before me, I think I judge better and less likely to make a rash step...."

TGIM IDEA IN ACTION: Use the Pro-and-Con Column mindset as a sales preparation tool. Use it as a strategizing device. Use it to get yourself ready to make the big sale. Create those columns on a piece of paper or your digital device, and then start listing …

►   … the prospect’s needs

►   … the decision makers

►   … the questions you want to ask

►   … personal “things in common” to discuss

►   … the benefits and main points you want to cover

►   … why you believe they will buy

►   … the reasons this particular prospect may not buy – and your responses 

Thus prepared with Ben’s help, you are now ready to make the call and the sale without resorting to a default gambit.

And, if on the call you see a bunch of Ben Franklin books in the prospect’s office and you want to bond with him (or her), relate your knowledge of the real Ben Franklin PRINCIPLE and lock up the deal.

One more point in, well, closing: 

Is it stating the obvious? The decision tool aspect of the Ben Franklin PRINCIPLE is not limited to business choices. It can be helpful in most areas of daily living. It works to keep you rational. Taking the time to deploy it correctly also discourages rash “I want it now” acts.

If you would not be forgotten

As soon as you are dead and rotten,

Either write things worth reading,

Or do things worth the writing.

Ben said that (in his Poor Richard persona). And did both.

Hope this TGIM helps us do the same.

Geoff Steck
Chief Catalyst
Alexander Publishing & Marketing

8 Depot Square

Englewood, NJ 07631
201-569-5373
tgimguy@gmail.com 

P.S.  About those column headings: As Ben says, they should be Pro and Con, not Plus (+) or Minus (–) although –

Ben the Scientist did make the choice of which type of electricity is called "positive" and which "negative" around 1750. In the end further discoveries established that he misunderstood just how electricity flows, but he was ballpark right for his day. We should all be that clever.