Tell me about a deal you lost and what you'd do differently.
Overview
This question is designed to see how you bounce back from failure and if you learn from your mistakes and misfortunes. Certainly, no one expects that you’re going to win over every single prospect. But they will expect you to rally when things fall apart and use these disappointing moments to fine-tune your approach to close future deals.
Answer framework
Lead with confidence.
Don’t avoid sharing a story about failure. Nearly every sales professional has lost a deal in their careers. Just dive in with a story that shows you’re an veteran of sales and have a variety of experiences to prove it.
Describe the scenario.
It’s good to be upfront about what happened. Maybe last time you underestimated the competition and they swooped in on you. Or, you thought you knew what your customers long-range plans were and you missed the mark. Perhaps you didn't ask the right discovery questions and fell short in estimating their biggest pain point. Whatever it was, being able to describe the scenario shows employers that you have a clear understanding of what was going on.
Remember, the details on what unfolded matter less than what you learned from the experience. What employers would like to hear is how you improved your craft as a result. That’s the skill you’ll bring to the table in this job.
Sample answers
Tips
- Be upbeat and strategic as you answer - not apologetic.
- Demonstrate self-awareness and share lessons learned.
- Point to a success that resulted from you not making the same mistake twice.