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It’s time for me to rant about salespeople and discounts. When a salesperson offers a customer a discount, what they’re saying is they have not been able to do a good enough of a job demonstrating value to the customer. Discounting your price should not be part of your vocabulary or thought process.
You’re trying to close the sale, and the customer stops you in your tracks demanding a discount. Blog pricing Professional SellingSkillsdiscountdiscounting price value proposition' The rationale or the way they ask for it may vary, but the demand is the same — they want a lower price.
One of the most frequent topics I get questions about is price and, in particular, how to avoid discounting. Salespeople want to avoid discounting (or at least most do), yet they say they can’t close a sale without discounting. The issue comes down to not having a focused sales process and the confidence in themselves […].
When I’m asked to assist sales teams with pricing and moving away from their discounting habits, I start by asking questions. If discounting is a standard practice in your company, I urge you to ask yourself the below 20 questions: 1. What % of your sales are made only because a discount is offered? 2. […].
Start of another week and I’m going to challenge you to make it a “NO Discount Week!” Believe in yourself that you can go this entire week without offering a discount. You never know… one week of “No Discounts” could lead to another. ” That’s right!
Never discount your price. You do not want the customers you attract by discounting. Blog pricing Professional SellingSkillsdiscount price sales discounting' The prospect or customer who wears you down on price will wear you down on everything else. ” Sales Motivation Blog. .
It’s the one where the salesperson argues they could close more sales if only they could discount the price. Blog pricing Professional SellingSkillsdiscountdiscounting price sales price' In fact, I contend it’s more than an argument – it’s a disease that inflicts a high number […].
Hands down it had what we were looking for and now comes the clincher — these guys will discount! Yes, you can say for a moment that would be the type of company you would want to sell for because they’re willing to discount to close the deal. Second, you have to negotiate a price knowing the customer is going to beat you up.
Blog pricing Professional SellingSkillsdiscount price sales discounting' What they are wondering is when does it make sense for salespeople to have control of the prices they charge customers and how much flexibility should they have? […].
Many salespeople are quick to discount in order to make a sale. Mark Hunter is the author of High-Profit Selling: Win the Sale Without Compromising on Price. Blog pricing Professional SellingSkillsdiscountdiscounting price sales video video sales tip' Are you creating high profit sales?
We’ve reached the last secret on my list of 5 Secrets to Selling at Full Price. Don’t offer discounts. Not offering discounts must be more than an idea. Does this mean there are never any discounts made? Strategy is the sales manager can authorize discounts, but only after certain criteria are met.
If you know much about me, you know I’m not a big fan of discounting. If you find yourself having to discount, you MUST pair it with a reduction in service. How to discount correctly: Copyright 2013, Mark Hunter “The Sales Hunter.” How to discount correctly: Copyright 2013, Mark Hunter “The Sales Hunter.”
A lot of salespeople and small business owners will say they need to discount their price to get a sale. The problem is trying to discern the difference between discounting your price to create cash flow versus using it as a lousy excuse to validate your inability to close a sale any other way. Think about this.
SellingSkills or Selling Process? A person with strong sellingskills. Strong sellingskills certainly are a beginning. These include the ability to listen, ask questions, create a unique selling proposition and ultimately close. I refer to these as sellingskills, not a sales process.
Blog pricing Professional SellingSkillsdiscountdiscounting price sales discounting sales team' Arguments are varied, but in the end they are centered around one core contention: The price point is a big reason for lost sales. The argument of price […].
The Slippery Slope of Discounting. If you as a salesperson — or worse, if you as a sales manager — do not believe in the price of what you sell, then that is a bigger problem than whether you have a tendency to offer a discount. But quantity will never make up for the profits you did lose by selling at a discount.
Yes, you can discount your price as a way to close-out inventory or to get out of a particular business. Before you race out with a discounted price to help you out of a short-term problem, ask yourself what impact the discounted price is going to have on your regular business.
Are you willing to walk away from a customer who is persistently asking for a price discount? Maybe you’re near your quota and discounting your price “this one time” with this customer will give you the boost you want. Plus, if you start discounting with one customer, you’re more likely to do with the next.
Your hesitation in feeling great is knowing you had to give the customer a discount to close it. In your mind you feel the discount was necessary, due to the pressure the customer was placing on you. Blog pricing Professional SellingSkills customer discountdiscounting price' Little […].
What makes you think offering a discount is going to be an effective way to close a deal? The reasons are many, but none of them make any sense. The key is to be focused on the value the customer will receive and the outcome they will achieve by buying from you. You can’t cut […].
You’re thinking, “If I just discount the price, I will be able to close the deal.” Let’s face it — there’s not one salesperson who has not struggled with this issue. ” Does this hit home with you?
Blog Closing a Sale leadership pricing Professional SellingSkills closing techniques discountdiscounting price video video sales tip' To see what I mean, check out this video: Copyright 2014, Mark Hunter “The Sales Hunter.” ” Sales Motivation Blog. .
Last week I wrote about the issue of discounting, and needless to say it generated a major amount of conversation all over social media and in emails and phone calls to me. A few people pushed back on my thinking. I’m fine with that, as I know what I say won’t always resonate with everyone. […].
Blog pricing Professional SellingSkillsdiscountdiscounting low-price customer price sales discount' Now what does that tell you about the value? Let’s put aside what the procedure costs and let’s focus on the perception of the message. What I […].
What it comes down to is you’re selling on price. Here are 8 reasons why selling on price never works: 1. Blog pricing Professional SellingSkillsdiscountdiscounting price' Your current price (which you think is so […].
Here’s the deal — the cost of what you’re selling is not what you think it is. Blog pricing Professional SellingSkillsdiscountdiscounting price profit' Your price is driven by the length of time […].
It’s a great opportunity to hear me talk more about the need for finding the right customers and to avoid discounting as a sales strategy. Blog Closing a Sale Consultative Selling pricing Professional SellingSkills Sales Motivation discountdiscounting price sales discounting sales strategy salesfolk'
One of the reasons salespeople don’t get the price they want or are pushed to offer a discount to close a sale is due to their value proposition. Blog Consultative Selling pricing Professional SellingSkillsdiscountdiscounting price sales pricing value proposition' In my mind, the […].
I meet so many people who think if they can just get the sale — even at a discount — then they will eventually make up profit in the long run. Blog pricing Professional SellingSkillsdiscountdiscounting price profit' But quantity of sales won’t ever make up for quality of sales! […].
Blog pricing Professional SellingSkillsdiscountdiscounting price sales discounting' When you play the game of closing deals with the lowest price, you’re saying to yourself and to your customers that you don’t have a point of difference.
Regardless of what you’re selling, never forget the customer is buying you first. Blog Closing a Sale pricing Professional SellingSkills close closing discountdiscounting price' Sure, the customer may buy from you even if they don’t connect with you, but they will […].
” Here are 5 reasons why you can and will sell more AFTER you raise your price: 1. Blog pricing Professional SellingSkillsdiscountdiscounting price prospect prospecting value' Customers will see you differently. A […].
Blog pricing Professional SellingSkillsdiscountdiscounting price sales discount' We’ve all had calls like this and wow are they tempting. We think the quick quote will result in the quick sale. Quit kidding […].
Blog Consultative Selling Customer Service leadership pricing Professional SellingSkills competitor discountdiscounting price' When confronted with a competitor’s price that is ridiculously low, the last thing you should do is think about lowering your price. A price that is dirt cheap is many […].
Blog Closing a Sale pricing Professional SellingSkillsdiscount price sales sales discounting' What I found interesting is the rates he had to start with were not high at all. He claimed if his psychologist who […].
Blog pricing Professional SellingSkillsdiscountdiscounting margin margins price' I sometimes have used my phone calculator, but that’s not always easy to use and before long I’m coming up with a series of errors. The solution is an app that a salesperson I respect gave me. It’s called […].
Blog Closing a Sale Consultative Selling pricing Professional SellingSkillsdiscountdiscounting leverage time price time' Time is an incredible asset for any salesperson and, for that matter, for the customer. The one who leverages time the best is going to be the one […].
Blog pricing Professional SellingSkills buy buying discountdiscounting invest price value value added' Customers don’t want to buy anything. Buying means they’re giving somebody money and receiving something in exchange. Sure, […].
SECRET 5: Don’t offer discounts. In the end this is a pretty simple thing, yet so many salespeople still resort to offering a discount. In the coming days, I’ll be expanding on each one of these 5 secrets to selling at full price and how to avoid discounting. ” Sales Motivation Blog.
If you don’t think you can, you’re wrong. You CAN ignore the customer’s request for a lower price. When I share this with salespeople, I first get a comment back, “No, you can’t do that.” ” Why can’t you ignore it? The strategy may seem like it won’t work, but it can and does work.
Objective here is you see this list of names that you know you will be able to turn into customers with your sellingskills. These might be people you haven’t called before but intend to call in the next week or two.
If you get in a mindset that you can’t close a sale without discounting, you will consistently be shortchanging yourself on profit. You discipline yourself to keep your sellingskills sharp. If you always fall back on offering a discount in order to close a sale, you have less motivation to strengthen your sellingskills.
When we start playing with our price and thinking we need to discount it to close a sale, we open up Pandora’s Box. Blog pricing Professional SellingSkillsdiscountdiscounting price' If you follow me, you know this is a real hot-button of mine. Price is […].
Blog Closing a Sale Professional SellingSkills Prospecting closing a sale discountdiscounting price prospect prospecting sales prospecting sales techniques' Let’s have fun making the last quarter of 2013 a huge success, and in so doing, we’ll propel ourselves forward for a huge 2014.
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