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How You Look at It

 

We’ve heard all about that half-empty/half-full glass. But, as hackneyed as the saying is, it’s true. Whether a situation is a problem or an opportunity depends on how you look at it.

For example, have you ever been really concerned about losing a prospect? Perhaps your company changed the service offerings in some way; maybe their terminal has been discontinued and the merchant will need to purchase a slightly more expensive one. Or, the monthly minimum may have increased. It’s likely you were worried about encountering a conflict or concerned with losing the account. All this worrying, and you haven’t even talked to the merchant yet!

The point is, you won’t know if these elements are a concern to your merchants or customers until you talk to them. It may be that this merchant always exceeds the monthly minimum, so an increase is not a problem. Or, the merchant may not be meeting the minimum because they need more training on the service. This is your chance to educate the consumer and increase your residual checks, simultaneously. If you need to sell a new terminal, now’s your chance to ask the merchant if he may be considering kiosks or sidewalk sales and tell him about your new wireless offering.

So, before you expect the worst, remember a few things:

  • Remain calm.

  • Don’t assume that your merchant is upset.

  • Resist the urge to blame anyone—not the merchant or your company. The situation exists and it’s no one’s fault.

  • Arm yourself with data about your competitors—maybe your minimums are still lower, even with the increase.

  • Be prepared to list the continued benefits of your service, emphasizing the elements that will remain consistent.

Most problematic situations can be opportunities in disguise—it’s all in how you look at it.


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