How to Deal with Other Quotes, Proposals, and Competition
By Mike Brooks, http://mrinsidesales.com/
The only worse than getting the competitor stall at the end of your presentation (something like, “Well, we’re looking at other quotes…” etc.) is not knowing how to handle it.
In my new book: Power Phone Scripts: 500 Word-For-Word Questions, Phrases, and Conversations to Open and Close More Sales, I teach you exactly what to say in the hundreds of selling situations you get into, including this competitor situation. 
If you’re looking for a great holiday present to give yourself (or your team or company!), then grab your copy (or copies) here. The below questions have been taken right from this value book: 
If after you’ve presented your product or service your prospect says they want or need to check on other offers/estimates/quotes, etc., then use or adapt any of the questions below to get your prospect to open up and possibly reveal what it might take for you to win the business: 
Option #1:
“I understand, which way are you leaning right now?”
Option #2:
“What would it take for someone else to win your business?”
Option #3:
“What would it honestly take for you to choose us for this?”
Option #4:
“What don’t you see with our proposal that you see in others?”
Option #5:
“Are we in the running with what else you’ve seen out there?”
[If yes]
“What about us would take us out of the running?”
OR
“What would you need to see to choose us?”
AND
“What can I do right now to insure that we win your business?”
Option #6:
“Obviously you’re going to show this quote to your current vendor – if they match the price, will you just stick with them?”
[If yes]
“What can I do to prevent that?”
Option #7:
“How many times have you taken other quotes to your current vendor?”
[If they tell you]:
“And what do they usually do?”
[If they say they lower their price to keep the business]:
“How can we break that cycle and get you the right pricing from the start?”
Option #8:
“_________, let’s take your lowest bid you have right now and compare it – services to services – to what we’re offing you. If I find you’re getting a better deal, I’ll tell you so. If I can beat it, then I’ll let you know that as well. Either way – You’ll Win! Do you have that other quote nearby or should I wait while you grab it?”
Remember, competition will always exist, but you can beat it and win business if you’re prepared with proven and effective scripts like those above.  Pick your favorite ones and tailor them to your particular sale.
 
 
Mike has been voted one of the most Influential Inside Sales Professionals for the past seven years by The American Association of Inside Sales Professionals, and won the 2017 Service Provider Award for training and development from the AA-ISP. Mike is hired by business owners to implement proven sales processes that help them immediately scale and grow Multi-Million Dollar Inside Sales Teams.  For more information, you can visit his website: www.MrInsideSales.com