32A Seat at the Table
Let’s take a moment a review what we’ve learned so far about sales negotiations.
- Sales negotiations are different from other forms of negotiation.
- It is in your best interest to master sales-specific negotiation skills.
- You must win first and then negotiate.
- If you make concessions when you have not been implicitly or explicitly selected as the vendor of choice (VOC), you are negotiating with yourself.
- Sales negotiation is about winning for your team while minimizing resentment at the same time; in sales, relationships matter.
- Motivation, leverage, and power position form the chess board of sales negotiation.
- Buyers almost always begin with a stronger power position than sellers.
- Leverage lets you shape buyer behaviors, and you must never give it away for free.
- Power at the negotiation table is derived from alternatives.
- Sales process excellence and effective discovery improve your power position.
- You must master your emotions in order to master sales negotiation.
- The more you need the deal, the more you will give away to get it.
- A full pipeline lowers your desire to make concessions and gives you greater emotional self-control.
- In every sales negotiation conversation, the person who exerts the greatest emotional control has the highest probability of achieving their desired outcome.
- Emotions are contagious, and people respond in kind.
- The most powerful negotiating position is relaxed, assertive confidence.
- Sales negotiation planning prepares you mentally ...
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