Sales Training Tip: Getting What You Want From Your Sales Related Meetings Through Efficient Negotiation Skills
| In Sales training programmes, negotiation skills are often missed altogether. You could say that the underlying reason most of us feel the need to negotiate with anyone else is so that we can find a way to get what we need. Being human, we all believe that our opinion is important and that others should at least consider seeing things our way. If you had no desires or requirements, there would be little reason for you to enter in into negotiations with anyone. If sales courses don't always teach influencing skills, how then can you convince other people to favourably consider your suggestions? Believe it or not, there is a science backed up by more than 60 years of research that has evolved our understanding of the use of persuasion to meet our needs and wants in sales negotiation. The world's foremost expert on the science of influence, Dr Robert Cialdini, has discovered 6 principles of persuasive communications in his research work: Reciprocation Liking Commitment & Consistency Authority Scarcity Social Proof Whilst influence will always be somewhat of an art, it is really helpful to use the power of the 6 principles identified by scientific research to optimise your chances of persuading others to give you what you really want. Let's start by examining at what is believed to be the key principle from a negotiation point of view - reciprocation. Reciprocation means that we return to others the form of behaviour that they exhibit towards us. If you have helped me, then I should help you. If you invite me to your birthday party, then I should invite you to my birthday party. If you make a concession to me, then I should make a concession to you. So what does this mean to you and how can you use it to get what you need? Here's how: Make sure that when you negotiate you ask for a little more than you would be happy to receive. Let's say you are selling a widget and you are planning to obtain $ 100 for the widget. If you would like to use the principle of reciprocation, then you should start by asking for a little more - let's say by requesting $ 105. If your counterparty does not agree to paying you $ 105 for the widget, then you can extend a concession by reducing your price to $ 100 in exchange for your counterparty also making a concession to you. A concession that your counterparty could make in this case could be to pay you immediately on the spot or to take care of shipping etc. The key is for you to make the concession - don't wait for your counterparty to offer a concession. Just make sure that you use the word 'if' when you offer your concession: "If you are prepared to pay me in cash right now, then I could reduce the price from $ 105 to $ 100". This way you give an indication to your counterparty that you are willing to be flexible and you will now significantly increase the likeliness of them also being flexible and offering a concession in return. Just be sure to use this principle 'in the moment' whilst you are negotiating. If you walked away from a negotiation to reconsider your proposal, your counterparty will be more likely to regard your revised offer as a new proposal, not as a concession. Is Sales Funnel The Most Useful Procedure To Create Results I have outlined the most effective way, that I have discovered to set up my Sales Funnel for my MLM business. I lay out each step for you to easily follow. Business Breakdown: How To Use Your Negotiation Skills To Guarantee Your Security In times of market instability, it is advisable to move away from price as the key negotiation factor and concentrate on 'loss framing', creating more alternatives, reciprocation and value in order to reach agreement and realise your objectives in negotiations. Enrich Your Negotiation Skills By Discovering The 1 Element That Divides The Men From The Boys During A Negotiation Deal Understanding your counterparts interest in your negotiations is one of the most imporant elements to attain and ensure profitable, gratifying and long term business relationships. Sales Coaches To Boost Your Sales Staff Whether you are starting your own business or you have a well established firm, increasing clients and sales are the most vital things needed to keep a business growing. To achieve the best business results, you should hire a sales coach. Improve Your Sales Negotiation Skills By Manipulating And Countering Power In Negotiation By developing options in your negotiation, you are deploying the single most effective way to developing authority for yourself in negotiations. Best Practice Planning: How Purchasing Training Helps To Find The Key Factor To Unlock A Successful Negotiation The amount of time used to plan is the key success factor of business negotiation best practice. Exploring the framework and the deal objectives are some of the most important factors in aid of your negotiation endeavours and decision making processes. Applying Negotiation Skills During The 5 Stage Program To Ensuring Lucrative Transactions In China In order to achieve success in your business negotiations in China, you will have to understand that as an outsider, doing business is completely different than what most people are familiar with.
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