Tuesday, January 20, 2009

Professional Tips On Attaining Victory In Sales Negotiation

By Chris Channing

The right sales negotiation experience alllows even average consumers to barter their way into a less expensive lifestyle. More importantly, training in sales negotiation allows those in the business field to obtain more capital and resources from a single deal, further empowering their company to success.

Sometimes it is better to focus on what not to do, rather than first jump into what to do correctly. Amateur buyers are encouraged to show little need for a service or product, or even stress a time constraint to sellers. Doing so will cause the seller to believe that the seller is providing a valuable service, and feel in charge of the negotiation. Obviously, this is a dangerous turning point that the buyer should avoid.

When a sales negotiation runs too long, there is a certain degree of anxiety that is going to be present. This may be used to the buyer's advantage in making the seller tire out and succumb to a better deal, but keep in mind that this usually has a negative impact on business relationships and instead buyers should focus on keeping the negotiation short in length. The buyer should keep focused on building a solid sales negotiation, not pressuring a seller into a better sale through shady tactics.

A friendly way to get the ball rolling, even if the seller isn't aware of it, is to invite the seller to some type of social activity. Lunch, for example, is a great way to allow the buyer judge what type of person the seller really is. This aids in the ability to guess beforehand what the seller is capable of, what the seller will likely request, and how the seller will do it. This act allows the buyer to formulate counter-offers even before the sales negotiation takes place. Keep in mind the seller may be doing the same thing, and to give out relatively little information while still being friendly.

Car salesmen, while not necessarily liked, have the game of sales negotiation down to an art. Car salesmen have a plethora of tactics in use today in order to get a buyer in and out- and parted from their money. One tactic that helps in this situation is to simply state the lowest possible offer is already on the table, and that a higher chair in the company hasn't approved of anything lower. This can keep the negotiation talks on good terms, while still keeping a firm stance against a lower offer.

The best thing to take away from the mentioned tips is that power comes through confidence and by exhibiting little need for the seller's product. The seller is in need of a buyer, so never feel like you are the only one in the negotiation that genuinely needs the deal to go through. Instead, keep a clear head during the process. Having the ability to object to an offer may also shake the seller down considerably, so also pursue second options in case the one currently being discussed doesn't come through.

In Conclusion

For more information on the subject of sales negotiation, check the local bookstore and go online for more tutorials in the subject. A few days staying inside on a rainy day reading more on the subject can have a profound impact on your ability to be successful in business.

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