Friday, 24 December 2010
Thursday, 23 December 2010
Wednesday, 22 December 2010
Friday, 17 December 2010
Thursday, 16 December 2010
Monday, 13 December 2010
Friday, 10 December 2010
Thursday, 9 December 2010
Wednesday, 8 December 2010
Tuesday, 7 December 2010
Monday, 6 December 2010
Thursday, 2 December 2010
Wednesday, 1 December 2010
Monday, 29 November 2010
HeatBands are now selling very well now its pretty dam cold here. Cold hands -- the remedy. http://ping.fm/tVx5K
Friday, 26 November 2010
Thursday, 25 November 2010
Tuesday, 23 November 2010
Wednesday, 17 November 2010
Wednesday, 10 November 2010
Tuesday, 9 November 2010
Friday, 5 November 2010
Monday, 1 November 2010
Saturday, 30 October 2010
Tuesday, 26 October 2010
Monday, 25 October 2010
Thursday, 21 October 2010
Wednesday, 20 October 2010
Tuesday, 19 October 2010
Monday, 18 October 2010
Friday, 15 October 2010
Wednesday, 13 October 2010
Monday, 11 October 2010
Friday, 8 October 2010
Thursday, 7 October 2010
Medical device Co's selling into USA take note.... For help on FDA establishment registration (due 31st Dec) see http://www.shotcarr.com
Tuesday, 5 October 2010
UK banks set to launch small business fund... interesting news. See http://ping.fm/nx59P finance sector.
Monday, 4 October 2010
Friday, 1 October 2010
Thursday, 30 September 2010
For help on FDA establishment registration the following web site will help.... http://www.shotcarr.com
Originally a cynic, I'm now a fan of Packtypes. Uncannily accurate, and for all business. http://ping.fm/uzPmd
Wednesday, 29 September 2010
Tuesday, 28 September 2010
The Simple Rules of Negotiation
How many Sales people really understand NEGOTIATION? Sadly too few.
Many enter the negotiation cycle without realising they are in a critical part of the Sales Process. Indeed negotiation is not always related to Sales situations. For example we have all had the discussions with our siblings along the line of: "Can you take me to the pictures tomorrow?", responding with: "Only if you tidy your bedroom". Indeed a primitive, but often effective negotiation, and indeed one (if carried out) can lead to a 'win - win' outcome!
It is vitally important to recognise when the sales process enters the 'negotiation phase'. Failure to recognise this may be detrimental to your desired outcome, and do the salesman a disservice.
So, what is negotiation?
I have over the years heard many definitions, but the simple ones are always the best:
"The exchange of tradables to facilitate an agreement".
Simple!
And what are tradables? And more importantly, how many sales men can list them?
Tradables are the areas where a Salesman or a Buyer can 'give a little'. The obvious one is price, or more accurately, cost of goods/service. But there are many others too. They can include aspects such as product/service specification, payment terms, delivery and quantity.
Let us look at some sales examples.
The buyer says "Yes, I like the look of your resistors, and if you can get the price down by 10% then we can do business."
The inexperienced salesman, who does not realise that the negotiation phase has just been entered is inclined to say "Yes" in great haste to close a deal. However, the more experienced salesman who has a clear understanding of his tradables may respond in one of the following ways:
"Of course, but I will need you to commit to a 12 month agreement for me to guarantee this price"
or
"We can meet this price, but we will have to provide the product without the wired connectors"
Another example would be:
Buyer - "If you can guarantee delivery by the end of the month then we can place an order now".
Again, the inexperienced may jump at the offer, but the more measured approach would be "Of course, but we will need to engage our team in overtime to meet the deadline, therefore it will attract a 10% price premium".
Salesmen naturally believe that the Buyer has a the upper hand, particularly as he may have a choice of suppliers. However, if you have reached the negotiation phase, it can be assumed you are winning the competitive battle. At this point the sales man should never underestimate the strength of his proposition.
It is not unknown for a negotiation to break down irretrievably, although with thorough preparation by both sides, this is an unlikely outcome.
The outcome of a negotiation and subsequent business deal fall into three categories. The first, a 'win - win' is the most desirable, both sides feel good about what has been achieved, and it is a great foundation for further business between the two parties.
A 'win - lose' is where one company is delighted with the deal, and the other is regretting the agreement, and feeling 'stitched up'. Frequently the 'delighted party' is oblivious of the thoughts of the 'aggrieved party'. In this case, unless some remedial work can be done on the relationship, it is highly unlikely that the parties will do business together.
The final outcome is a "lose - lose" outcome. Both parties feel the deal was poor, and such outcomes should be avoided at all costs. However, they do happen due to business pressures, expediency and other compelling issues. Indeed it is highly unlikely that these parties will do business again with each other.
So how do we ensure that outcomes are 'win - win'.
Simple - preparation is key. A salesman MUST know and understand his tradables. A buyer may have different tradables depending on what he is buying. Both parties must accept that transaction value can be talked up as well as down.
Typical tradables for a salesman would be (and these can be traded up and down):
Delivery time
Order value
Quantity
Contract duration
Product finish (specification)
Packaging
Packing and delivery costs
Insurance cover
Delivery frequency
Payment terms
In summary, the best salesmen recognise their tradables, they can recite them at a moments notice, and they recognise the simple signs of negotiation. Furthermore, they have an empathy to the needs of their customer in order that all outcomes are 'win - win'.
Happy Selling.
Monday, 27 September 2010
Thursday, 23 September 2010
I entered the @nectarbusiness competition to win 50,000 Nectar points - vote for me to win! http://bit.ly/cMetir
Monday, 20 September 2010
Friday, 17 September 2010
Thursday, 16 September 2010
Wednesday, 15 September 2010
Tuesday, 14 September 2010
Thursday, 9 September 2010
Friday, 3 September 2010
Thursday, 2 September 2010
Wednesday, 1 September 2010
Tuesday, 31 August 2010
Friday, 27 August 2010
Wednesday, 25 August 2010
SGBA goes Global...
The SGBA are assisting business expand horizons, key to bringing the economy out of recession.
"Our relationships with people on the ground in France, India and USA are first class, and we can assist all types of business with upfront research, and laying the business foundations with local people" says Ian Thomas.
He goes on to say, "we are creating all sorts of opportunities, both outward and inward. As UKT&I have to deal with surpressed budgets, the services we offer will become invaluable. And we are not just limited to three countries!"
No matter whether you want to appoint an agent, a distributor, invest in a subsidiary, get a joint venture moving, or sell a license or franchise, the SGBA are now full prepared to deliver value and growth opportunity.
Market research, premises search, personnel selection, local laws, licenses, the list goes on...... most costly and time consuming for business Directors.
For further information you can call the SGBA (at Proactive) on 0870 787 7590
Labels:
Distributors,
Europe,
Exports,
France,
India,
Joint Ventures,
Overseas Investment,
USA
Tuesday, 24 August 2010
Monday, 23 August 2010
Tuesday, 17 August 2010
Friday, 13 August 2010
Wednesday, 11 August 2010
Tuesday, 10 August 2010
Friday, 6 August 2010
Monday, 2 August 2010
Tuesday, 27 July 2010
Monday, 26 July 2010
Tuesday, 20 July 2010
Wednesday, 30 June 2010
Monday, 28 June 2010
Friday, 25 June 2010
Only 3 places left for Breakfast seminar @ Fontwell Pk, W Sussex 7:30am Wed 30th June. http://www.sgba.co.uk Customers & Cash - How to get more!
Thursday, 24 June 2010
Thursday, 17 June 2010
Wednesday, 16 June 2010
Tuesday, 15 June 2010
Monday, 14 June 2010
Friday, 11 June 2010
Tuesday, 8 June 2010
Monday, 7 June 2010
Friday, 4 June 2010
Thursday, 3 June 2010
Our Blog is getting more followers every day..... we must be putting across some valuable messages.. http://ping.fm/bCost
Friday, 28 May 2010
Surfers and outdoor sports enthusiasts with cold hands can get relief with HeatBands, Raynauds sufferers too. See http://ping.fm/zB5OD
Wednesday, 26 May 2010
Tuesday, 25 May 2010
Monday, 24 May 2010
Saturday, 22 May 2010
Friday, 21 May 2010
Thursday, 20 May 2010
Tuesday, 18 May 2010
Friday, 14 May 2010
Wednesday, 12 May 2010
Monday, 10 May 2010
Friday, 7 May 2010
HeatBands accepted for Barclays Business Take One Small Step Competition http://ping.fm/wpsfg Please vote for this. Category: Business - Services Region: Eastern
HeatBands accepted for Barclays Business Take One Small Step Competition http://ping.fm/rPZOw Please vote for this!
Thursday, 6 May 2010
Wednesday, 5 May 2010
Register for free, instant access to a wide selection of useful information that will support business growth: http://www.sgba.co.uk
Tuesday, 4 May 2010
Friday, 30 April 2010
Thursday, 29 April 2010
Wednesday, 28 April 2010
Monday, 26 April 2010
Friday, 23 April 2010
Wednesday, 21 April 2010
Tuesday, 20 April 2010
Monday, 19 April 2010
Subscribe to:
Posts (Atom)