The danger on this step is that with some business’s purchasing process, at the negotiating stage you may be facing an entirely new cast of players. You’ve convinced the people on the shop floor that you have a solution, they’ve recommended your solution up the chain, you’ve got a champion promoting your solution within their company and suddenly a few bean counters you haven’t even met enter the picture. Their mission is to make sure their company gets the best deal possible, period. They are not impressed by your glossy brochures.
On the vendor’s side, depending on how complex the sale is and what’s at stake, the sales team may also introduce new players like a national sales manager or someone with the authority to cut the deal as it approaches the final step.
With the introduction of new players on either side, there comes a possibility that someone will “drop the baton” and some or all of the work that has been done to get the sale to this step is undone.
If you find yourself being played off a competitor at this stage, you will need to ask some very good questions to determine exactly who will make the final decision and what is important to them, if you don’t already know. If you are hitting up against objections, that’s not a bad thing, but don’t fall for trying to answer every objection at face value. Often the first, second or third objection is not the real issue. I know this from many experiences I have had.
My earliest introduction to the rough and tumble world of convincing someone that I was selling what they needed was a summer job in college – selling vacuum cleaners. We had a boiler room where ‘the girls’ cold-called people and offered them some token gift in exchange for setting up an appointment for a salesperson to come calling. They got paid for every successful appointment (demo completed) they made, and the sales people were on commission for every vacuum cleaner (“home sanitation system” as the company called them) they sold.
I quickly learned two things in my first week: if the prospect was not raising any objections during my sales presentation, I was wasting my time because they would not buy. Objections show that they have some interest in what you are presenting. No objections = no real interest.
The second lesson I learned was that those first few objections were not the real issue holding them back from making a decision in my favour. I later found this to be true in a completely different career, when I was mediating conflicts between students, instructors, staff and/or parents. You have to ask the right questions and hear what’s behind the answers to really get at the issue that’s blocking progress. The real negotiations only begin when you arrive at the real issue.
After the buyer moves from Negotiate to Buy, there’s still more work to do, and I’ll talk about that next time.
Biography / Resume : Karl joined
Mediative’s service delivery team in 2008. A year later, he moved to the company’s research department where he conducted online surveys, eye-tracking studies, one-on-one interviews and usability testing. Most recently, he transitioned to the marketing department. Before Mediative, Karl worked in sales and marketing. In 1997, he caught the digital bug and became the original “webmaster” for Roland Canada Music. Around the same time, he began teaching the relatively new topic of Internet marketing to college and university students. Karl’s insatiable curiosity and drive to get to the core and substance of every situation has served him well in his various roles at
Mediative.