Are you willing to walk away from a customer who is persistently asking for a price discount?
I hope so!
I cannot emphasize this enough: Â The customer who beats you up on price will beat you up on everything else. Â They will drain your energy — and the time and energy of your office staff — so quickly that any profit you are getting from them will quickly become “not worth it.”
I recognize that this is not always an easy call to make. Â Maybe you’re near your quota and discounting your price “this one time” with this customer will give you the boost you want. Â Be cautious, though. Â Temporary gratification may turn into long-term nightmare.
Plus, if you start discounting with one customer, you’re more likely to do with the next. Â It can easily become your norm, and that’s when you really are doing horrendous damage to your profit margins.
Here’s a video I did as part of a Sales Mastery Summit. Â You’ll see how passionate I am about being willing to walk away:
One Thing Sales Reps Could Take Action on Today to be More Successful!
Copyright 2013, Mark Hunter “The Sales Hunter.” Sales Motivation Blog.