Posted by: nbaground on: January 25, 2010
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 want. Being human, most of us believe that our point of view is important and that everyone else 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 recommendations?
Believe it or not, there is a science supported by more than 60 years of research that has evolved our knowledge 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 identified 6 principles of persuasive communication in his studies:
Reciprocation
Liking
Commitment & Consistency
Authority
Scarcity
Social Proof
Whilst influence will always be an art, it is incredibly helpful to use the power of the 6 principles identified by science to maximise your chances of convincing others to give you what you really want.
Let's start by looking at what is believed to be the most important 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 employ it to get what you would like?
Here's how:
Ensure that when you negotiate you ask for a little more than you would be happy to receive.
Let's say you are trying to sell a widget and you are planning to obtain $ 100 for the widget.
If you would like to deploy the principle of reciprocation, then you should start by requesting a little more - let's say by asking for $ 105.
If your counterparty does not agree to paying you $ 105 for the widget, then you are able to offer 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 pay for shipping etc.
The key is for you to offer the concession - don't wait for your counterparty to make a concession. Just make sure that you use the word 'if' when you offer your concession:
"If you are prepared to hand over the 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.
Find Out If Sales Funnel Is The Most Powerful Method To Generate 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.
Your Insufficiently Developed Business Negotiation Skills Ability Could Cause Critical Negotiation Interventions To Collapse Due To Inappropriate Planning
The main reason to a profitable business negotiation result is the quality of your planning. If you don't plan, prepare to fail and expect to not reach your goals.
Sales Coaching 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.
Using Negotiation Skills During The 5 Stage Process To Attaining Successful 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.
Make Sure To Examine These Two Factors When Sourcing A Business Negotiation Initiative, It Will Cost You Otherwise
Developing a strong negotiation capability is contingent on critical factors: The negotiation strategy, process, the individual's skills and the supporting network. Relying on the negotiation abilities of people is a familiar oversight businesses make.
Important Factors To Consider When Using Your Negotiation Skills In Cross Cultural Negotiations
We could easily make the mistake of stereotyping people according to their national culture whilst ignoring the other elements of culture that will contribute to the success in your negotiation.
Better Your Negotiation Skills By Using These Examples On Overcoming The Vice Tactic In Your Commercial Deals
You will inevitably have to negotiate with counterparts who use tactics against your organisation. It is very important to be able to recognise negotiation tactics and have the confidence and negotiation skills to counter them successfully.