High-Profit Negotiating: Tips for Success

high-profit negotiatingReady for a few quick tips to ensure you’re successful when you negotiate?

I recently did a 40-minute high-profit negotiating webinar for Salesforce which you can view now at this link.

Here are a couple of the things I shared:

First, the level of confidence you have going into a negotiation is going to determine your level of success coming out of a negotiation.

How can we expect to be successful if we ourselves don’t believe we’re successful?

Second, the outcome of a negotiation is determined even before it begins based on what I refer to as the silver bullets of negotiating.

The silver bullets are:

  • Uncovering 3 benefits the customer desires or needs they are looking to solve
  • Finding out the customer’s timeline for making a decision
  • Understanding the customer’s value of money
  • Ensuring you’re negotiating with the decision maker

Before anyone starts any negotiating session, they must have the answers to the 4 silver bullets.  Having answers doesn’t guarantee a perfect outcome, but it will assure a higher likelihood of a positive outcome.

All of this is built around the most fundamental belief I have with regard to negotiating:

You must sell first and negotiate second.

The biggest mistake people make is they rush into negotiating without having a clue as to what they’re doing, and yet for some reason they think somehow they will still emerge successful.

Selling first and negotiating second is all about having the oppotuntity to get answers to the four silver bullets.

You’re only going to get answers to these questions during the selling phase.  Think about it — if you knew you were negotiating with a salesperson, would you be inclined to hedge your comments?  Sure you would. It’s only natural.

This is why the selling phase is so important.

There are a number of other negotiating tips and ideas you can gain from taking a few minutes and viewing the webinar at High-Profit Negotiating!

Copyright 2014, Mark Hunter “The Sales Hunter.”Sales Motivation Blog. Mark Hunter is the author of High-Profit Selling: Win the Sale Without Compromising on Price.

Click on the below book cover for more info on boosting your profits!

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