Learning the Basics of Business Negotiation

Business owners wear many different hats in the course of running their companies. During a typical day at the office, you may need to deal with buying commodities and selling products, interviewing potential new employees and reviewing contracts. One of the main skills that you will want to develop as a business owner that applies to many areas of your business are negotiation skills. Understanding the basics of of this valuable tool will help your business to succeed. Although they are often relegated to professional lawyers and arbiters, in most ordinary business circumstances it is more cost effective to receive training through appropriate negotiation courses, and negotiate terms suitable for your company yourself.

Learning effective negotiation begins with an assessment of where your company’s strengths and weaknesses lie in terms of negotiation skills and outcomes. The best types of negotiation training will take this type of information into account and create a specialized training seminar that is compatible with your company’s business needs. A superior business negotiation skills trainer will also need to determine what level of expertise you wish to achieve from your training, and will suit the training to those requirements.

An effective training seminar should offer a hands-on approach for the learners. This is available when an experienced trainer has you work through scenarios you are likely to face in real-world negotiation situations, and gives you the tools and strategies you need to successfully negotiate an agreeable deal. These types of low-stress learning situations are especially helpful in learning sales negotiation skills, so that while you are getting up to speed on sales negotiation you are not hurting your company’s bottom line.

As you can see, business negotiation is a process, and negotiation skills can be learned to improve the relationships you have with your clients and create an environment where your business deal will succeed. While you are working at acquiring new business skills, you will want to have contact with your trainer, who can answer questions, provide guidance and assist you in achieving a new level of negotiation acumen.

If there are several employees in your company who work in the area of negotiations, you may wish to have a negotiations consultant provide a group training session. This is valuable because employees can not only learn through personal experience, but can learn through the experiences of others, providing them with a multi-faceted educational environment, and a greater understanding of the skills being learned. For those who require specializing negotiations training, one-on-one coaching is often the most effective ways to rapidly learn new skills and achieve success in business negotiations. Business negotiation can be learned and skills improved with the guidance of expert negotiations consultants.

What is account-based sales?

Account-Based Sales (ABS) is a form of business where the customer pays for products or services after they have been delivered. This type of business model can be used by companies that provide goods and services online. In this case, the company does not receive payment until the client has received their product/service. The benefits of using ABS are that the company is able to track how many units were sold, what price was set per unit, and how much profit was earned per sale. The disadvantages include the fact that the company cannot see who the customers are, and therefore, it is difficult to market directly to consumers.

Account Based Sales (ABS) is a term used to describe a business model where the company’s revenue comes from its customers’ purchases rather than selling products or services to them. This type of business model can be used by companies that sell their product or service over the internet. In this case, the company earns money through commissions charged to the customer at each step of the buying cycle.

What are account-based sales? Account-based sales (ABS) is a method of selling products where the customer pays for the product after they have received their order. This can be done through various methods including credit cards, PayPal, bank transfers, gift cards, etc.

Why would I want to use this type of sale? There are many reasons why you may choose to use account-based sales over traditional methods of selling. One reason is that your customers do not need to pay until they receive their order. Another reason is that you can offer discounts to your customers if they pay for their orders using certain payment methods.

How does it work? The customer places an order and then receives an email confirmation from us. Once the order has been placed, we send them a shipping notification via email. When the order ships, we charge the card used at checkout. If the customer chooses to pay later, we allow them to set up a payment plan. After the payment is complete, we ship out the order.

Ten Presentation Skill Secrets to Outselling the Competition

Usually, you have one opportunity to present your organization’s ideas, products, and/or services to the audience. You work on the account for months and the presentation is your big moment. You speak to an under enthusiastic, yet polite audience; they thank you for your presentation and say they will get back to you. Unfortunately, after the presentation you learn that they went with another vendor.

What Happened?
It amazes me how often we see presenters with only one opportunity to make a presentation to sell their products, services, or ideas who come nowhere near meeting the needs of their audience. It’s almost as if the presenter is apologizing for making a presentation, and this prevents them from presenting well.

Why is it important for you to give a powerful presentation that sells you and your organization? You face more competition during these economic times, so you need to stand out so that the prospective “customer” chooses you as their provider. Your job as a presenter is to convince the decision-makers to choose your organization or act on the information shared during your presentation. The following are ten presentation skills secrets that will help you give a powerful presentation that will sell you to decision makers:

  1. Research Audience Needs Invest time to find out what is important to the audience members so that you can meet their specific needs. Find out what challenges they face and how you can help them overcome these challenges. You will find out your audience members will appreciate your presentation more since you took the time to find out what is most important to them.
  2. Be Organized Have a clear opening, body, and closing to your speech. Take the time to outline your main points and keep it simple. Don’t put everything in your presentation. Keep your presentation to three main points with sub points.
  3. Get Excited Show your excitement and passion for the subject you present. When you are excited and it shows, the audience will also become excited about your presentation. Excited audience members are audience members who will take action.
  4. Dress the Part A friend once told me, “Dress like you want to be listened to.” Take time to dress the part of an expert. Be professional in the way you dress. Investing in your looks shows the audience that you respect them and want to do a good job for them.
  5. Open Strong Bring in the audience members by creating a strong opening that will engage and challenge the audience. Be confident and know your material so that rest of the presentation will be smooth.
  6. Present Features and Benefits Most presentations I listen to are laden with feature after feature of what the organization does. You will distance yourself from the competition by presenting how the features you present will benefit the decision makers. The difference between features and benefits is that features are elements a product or service has (e.g., easy opening parts, multiple customer service shifts, fast processors), while benefits are how those features can benefit the customer (e.g., easy opening parts allow you to quickly clean the product without hassle, multiple customer service shifts provide you with 24/7 service so that you get the answer you need when you need them, fast processor allow you to process your work in half the time). Remember, decision makers will not care about you and your organization until they see how your organization will benefit them.
  7. Questions Are the Answer As you prepare for your presentation, ask the following question: “What are the possible questions I might be asked during my presentation?” Once you have a list of possible questions, develop powerful answers. Develop the mindset that questions asked by the audience are positive because they give you clues to how you can adjust your presentation to meet their needs. So, embrace questions as a way to make your presentation better.
  8. Use PowerPoint As An Aid How many presentations have you seen that suffered “death by PowerPoint?” The presenter has hundreds of slides they must go through. The slides are cluttered with several lines of text and multiple graphics on the each page. Presenters read directly from every slide, as the audience grows bored. Remember the following to prevent death by PowerPoint: You are the presentation; PowerPoint is the supporting aid to your presentation. If your presentation cannot work without PowerPoint, it’s not a strong presentation. Look for unique ways to simplify your presentation by eliminating PowerPoint slides that do not enhance your message.
  9. Close Strong Close your presentation by asking audience members to take action on the information you shared in your presentation. Ask the decision-makers in your audience to take the next step and chose you and/or your company. Repeat the benefits of doing business with you so that you become the obvious choice.
  10. Ask for Feedback Your presentation doesn’t end with your closing. After your presentation, ask for feedback from decision-makers in the audience. Listen to the feedback so that you can address the concerns they may have concerning you and your organization.

Your job is to stand out and be a cut above the rest of the competition so that decision-makers will choose you or your organization. Follow the ten presentation secrets and you will gain more opportunities and success.