June 5th, 2015

Better Sales Negotiations Go Step by Step

measurement strategy for sales training

Better Sales Negotiations Go Step by Step

Sales negotiations don’t have to be stressful, contentious affairs. Yes, there’s a lot riding on the outcome of a sales negotiation. Just think of it as one more chance to uncover opportunities to provide value to the customer.

The secret to successful sales negotiations is all based on knowing what the customer is trying to accomplish, converting demands into needs, and then demonstrating and justifying your value.

Richardson teaches the following sales negotiation framework to help sales professionals to structure their dialogue with customers:

  • Preparation for the Negotiation — It all begins by planning the strategy and tactics, including bottom-line terms, to achieve the maximum outcome that meets the needs of both parties.
  • Opening the Negotiation — The sales professional should set the stage and lay out terms at the outset.
  • Counter-opening — This step draws out the customer’s opening terms and demands in order to maintain control and avoid negotiating elements in a piece-meal fashion.
  • Converting Demands to Needs — The customer’s real requirements may not surface without probing more deeply to convert demands to needs and gaining insight into their true agenda.
  • Value Justification and Concessions — At this point, sales professionals need to protect essential terms by trading expendables, positioning value to persuade the customer that it is worthwhile to make concessions, and trading concessions to achieve essentials.
  • Closing the Negotiation — The last step is to maintain the momentum of a win-win negotiation, solidifying what has been accomplished, and allowing for a successful implementation.

By honing negotiation best practices, sales professionals can build more profitable customer relationships, learning to handle price resistance and objections more effectively. These steps can help to make sure that no money is left on the table or, conversely, that no undue discounting occurs.

The sales negotiation process itself can be a positive experience that inspires greater trust and customer loyalty, while strengthening the sales professional’s position to win future opportunities.

—————————————-

LEARN MORE!

Click on the following link, or on the image below, to learn more about Richardson’s award winning negotiating training solutions

Negotiating-training

About The Author: Kimberly Dean

Kimberly Dean utilizes the insights and strategies she gained from her career in sales and sales management to establish credibility and help sales teams address the relevant business issues their customers are facing. As a Senior Training Consultant with Richardson, Kim integrates her real-life experiences into the facilitation of her interactive workshops to validate the learning and challenge participants to improve their skills so they can strengthen customer relationships and grow revenue.

On Social media:
| LinkedIn
Kimberly Dean

One Response to “Better Sales Negotiations Go Step by Step”

  1. February 16, 2016 at 7:49 pm, Laurie said:

    It is imperative to have great negotiation skills. You have provided a helpful framework, thanks for sharing!

    [REPLY]

Leave a Reply

Previous Post:

»

Next Post:

»

HE Blog Directory Business Blogs best blog sites