BILLY ONG
Sales Negotiation
A 2 – Day Programme

 
Programme Outline
 
› What is Involved in Sales Negotiation
  • The basics of sales negotiation
  • The process (script reading)
  • Is it “selling” or “Negotiation”
  • It’s a give and take (script reading”
  • The flow of this programme
 
› Sales Negotiating Crimes
  • Inadequate planning time
  • Week information gathering
  • Failing to negotiate internally first
  • A rigid mind set
  • Giving concessions too early
  • Responding too quickly to each demand
  • Not calling time-out
  • Not putting yourself in the customer’s shoes
  • Letting egos interface
  • Inattentive follow through
  • Four characteristic of effective sales negotiations
 
› Basic Sales Negotiation Principles
  • The 12 principles in sales negotiations
  • Customers are paid to press for concessions
  • Sales people have more leverage then they think
  • There is always a Win-win possibility – Look for it
  • The salesperson should always ask for something in return
  • Negotiation is an attitude
 
› Identifying Negotiating Objectives: Ours and Theirs
  • Negotiable areas to consider
  • Identifying trade-offs
  • Create a negotiation objectives matrix
  • Understanding the customer’s need and wants
  • Clarigy and test your assumptions
  • Case study: Pinnacle Electronics
  • Writing out a Negotiation Statement
 
 
 
 
 
 
› Assessing Leverage and Limitations
  • Exploring the 8 areas for sales leverages
  • Identifying your leverages and limitations
  • Identifying the customer’s leverages and limitations
  • Case studies & exercises
 
› Assessing the Key Parties and Key Influencers
  • Know who’s who in the DMU of the organisation
  • How do you deal with the members concerned in your transaction
 
› Negotiating Styles
  • Four styles are involved
  • Participants are required to identify the style that suits them
 
› Planning Win-win Strategies and Tactics
  • The four key strategic questions
  • The classic win-win negotiation (script reading)
  • Customer win-lose strategies
  • The “Drop a Bomb” tactic
  • Counter-tactics for win-lose customers
  • Down by the seashore: A win negotiation
  • Understanding the 8 counter-tactics to maintain and win customers
  • Win-win strategies and fall-back positions
  • Differentiating your offer from the competition’s
 
› Negotiating Tools
  • Assessing the negotiating climate
  • Test your plan on the manager (script reading)
  • The 6 areas of the sales negotiation planner (script reading)
  • Understanding the model of a sales negotiation planner
  • The offer/response planning tool