Successfully closing a sale and negotiating the best outcome for the business is a key skill for all salespeople, and often an area that is overlooked. Investing in this skill will have a positive impact on interactions with customers, both new and existing, and lead to improved sales performance. Whilst understanding how to reach a conclusion with a customer faster means increased efficiency and more time to invest in sourcing new business.
We have developed this programme to be practical, fun and interactive. Participants will learn proven techniques for influencing, persuading and negotiating with clients, gain increased confidence and clarity when reviewing contract terms and prices, and understand how to structure and manage sales negotiation and contract review meetings.
This course will help participants:
Learn a structured and proven approach to the negotiation of contract terms
Apply the key principles of negotiation, playing the person and the problem
Create a contract negotiation strategy - from opening to close
Recognize and put to use proven negotiation tactics and techniques
Learn how to embrace conflict positively - to 'say no, then negotiate'
Plan and prepare for any commercial negotiation conversations
Understand the stages of negotiation and how to move through them
1 Closing and negotiating from a position of personal power
The eight steps of a sales or commercial negotiation
Ten ways to resist price pressure
How to draw on sources of power when you have less authority
The six principles of influence and persuasion and how to use them
2 Effective negotiation - planning and theory
How to plan and structure your negotiation for a successful and quick conclusion
Influence: knowing how to 'push or pull' to win an argument
Achieving a BATNA - a range of practical skills and techniques
Case study: planning for a client negotiation around contract or price issues
3 Effective closing and negotiation - practice and reality
Higher-level questioning techniques to investigate and solve problems
Listening to lead - active listening and structuring your conversation
The most common 'unforced' negotiation mistakes and errors
Case study: setting objectives, sources of value, trading concessions
4 Sales negotiation tactics and playing the game
How high - how hard - how soon; why now
How to identify hidden or perceived currencies and values
How to use these to establish a higher base price
Negotiation best-practice checklist and summary