September 27th, 2017

4 Guiding Principles of Consultative Negotiations

consultative negotiations

With a collaborative approach, sellers gain more information allowing them to satisfy the customer’s needs without “thinning the deal.” These 4 guiding principles of consultative sales negotiations will lead to better outcomes for your team and your client’s.

1. Build Trusted Relationships

Earning the sale starts by earning the customer’s trust. Doing so requires the seller to remain consultative by engaging in a dialogue rather than a competition. Trust emerges when a seller views a customer need as an opportunity to move the sale forward rather than a hurdle.

2. Use Persuasiveness as a Process of Promoting Value

Create a compelling connection between the value of the seller’s solution to the customer’s priorities. This process begins by converting demand to needs. Take the time to understand what basic goals reside beneath blunt statements like “I need a lower price.” Use this information to underscore how the solution addresses the issue. This is a critical step that should be exhausted before trading in which the seller gains an agreement through changing terms.

3. Maintain Control and Confidence

Manage reflexes. Sellers too frequently succumb to an impulse to trade before first fully exploring the customer’s needs. Take the time to consider a response to a demand before relinquishing a term. Sellers will be surprised to find that when they handle trading as a last resort, they can preserve their optimal outcome.

4. Focus on Arriving at Mutually Successful Outcomes

Negotiating a deal means negotiating future deals. Make the goal of a strong relationship part of your optimal outcome. Consultative negotiations occur when the seller gets what they want—even if it’s not all they wanted—while maintaining and strengthening the relationship. This approach builds the foundation necessary to future opportunities.

Effective negotiating pays dividends. By placing equal focus on deal outcomes, relationships and trust a seller can close the deal they want to close while forming a foundation for future business. Mutually beneficial outcomes can only be reached when both sides take the time to understand needs rather than simply issue demand. The path to the sale is in the customer’s words. Keep listening.

Click here to download Richardson’s White Paper: Winning the Sale Without Thinning the Sale: Negotiating With The Modern Buyer. For more information about our Consultative Negotiation’s Training Program contact us at info@richardson.com or 800.526.1650.

winning consultative negotiations

About The Author: Ben Taylor

Ben Taylor is the content marketing manager at Richardson. He has an MBA in finance from LaSalle University and over a decade of business & writing experience. He has covered content for brands including Nasdaq, Barclaycard & Business Insider.

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Ben Taylor

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