Nearly every day of your life you are negotiating for something, usually many times a day. And that doesn't include the sales negotiations you participate in as your job.
Yet, despite the fact that you spend so much time in negotiations, during the big negotiations, many salespersons don't employ the effective skill set and tactics that they use in other aspects of their lives.
For example, have you driven a car today? If so, you are negotiating decisions throughout the entire drive. Using your turn signal is a nonverbal negotiation with other drivers about where you want to turn your car. At every stop sign, you were part of a negotiation as to who should be given a turn to go ahead through the street corners.
By learning what works as a small negotiations, you can learn what works at the bigger discussions and negotiations.
There are three key steps in negotiation skills.
1. Know your sales goals -
It's very difficult to obtain what you want if you don't know what it is or why you want it. For example, knowing where you want to go in your car provides the focus you need to get to where you are going. And despite this basic first step and how simple it may seem, many salespersons enter into the larger negotiations without knowing what it is they want and why. Remember, the sales process begins way before you have your first conversation with the potential client.
2. Do your research -
Justifying the price for anything from a new vehicle to a corporation becomes much easier if you can show the buyer the item is worth every penny they are about to spend on it.
This means you must be responsible for the research your potential clients don't have time to do. By doing this, you make the decision to buy your product or services easy for them. Provide them with as much information as you can to justify why the decision you want them to make is the right one. Many potential clients are waiting for a salesperson to bring them an actionable solution to their problems. Do yourself and the potential client a favor, do all the legwork ahead of time. If all they have to do is sign on the dotted line after hearing your presentation, you are more likely to get that signature.