Worst Negotiation Mistakes and How to Avoid Them – Tips for Sellers

It reflects that one has to be creative and intuitive on one hand and well aware and knowledgeable at the other hand.

We all tend to make some deadly negotiation mistakes especially in our nascent stage of selling. We can avoid these mistakes by learning from the mistakes of others instead of making it ourselves and experiencing some losses.

 

➤How to Master the Art of Sales Negotiation using Psychological Strategies.

So we have decided to present to you the problem along with the solution underneath:

You will also loose points for being an amateur or ill informed and it will reflect in the deal that you are closing. They will also judge your expertise, company’s reputation and credibility with such an image being projected by you.

Keep yourself aware about the day-to-day updates in your industry to escape from making any such blunders.

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No one will spare you for being a Fox while doing a negotiation. Everyone is looking for the best deals so is the other party. Instead of trying to act or sound cunning better bring out how the other party is getting the best deal at a price that you are pitching for.

Tell them how it is benefitting them and what all they are getting so that it’s a win-win situation. Talk about their benefits instead of sounding greedy. They will not only be impressed but in this way you hold more chances to convince the other party that you care for their interests.

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3. Loosing it to the Greed

There is a good old proverb “ Greedy eaters dig their graves with their teeth”. This exactly greed would do even on your negotiation table. Clearly you will loose the deal. You need to be genuine and reasonable. If you are over priced then you should know your customer that he does not care for price but quality and be able to justify your price with the quality or standards of your offerings.

 

You as an owner have all rights to price your offerings according to you but clients as a customer has all rights to be able to see the value and worth of your offerings.

➤ Do’s and Don’ts of Selling- Useful Tips for Sellers

 

 

After a certain point of time body language can make or break the deal. Though you have to be attentive about it since the beginning but it becomes all the more crucial towards the end.

You can decide and access the customer’s inclination up till now and proceed accordingly.

It is a must to understand the body language as it can help you to deal at a mutually agreeable price and conditions.

➤ 11 Things Every Sellers Should Avoid Doing to Power-up their Selling Skills

 

If you are able to read between the lines you would get to know what is running in the client’s mind. You should be receptive to all said and unsaid signals that are being sent throughout the conversation in the whole meeting.