Here's how you can master the art of negotiating better deals in sales.

Mastering the art of negotiating better deals in sales requires a combination of preparation, communication skills, and strategic thinking. Here’s a structured approach to help you improve: 1. Know Your Product/Service 2. Know Your Customer 3. Set Clear Objectives 4. Build Rapport 5. Focus on Value, Not Price 6. Be a Problem Solver 7. Practice Active Listening 8. Present Multiple Options 9. Negotiate Concessions Wisely 10. Close with Confidence 11. Reflect and Learn 12. Continuous Improvement By consistently applying these strategies and adapting them to different scenarios, you’ll enhance your ability to negotiate better deals in sales effectively.

Know what you are selling and believe in your product. Prepare if you would be a customer what will ask the sales person. Therefore prepare thoroughly about every point.

Understanding customer needs, what are pain points and works on our capabilities. Understand market competition prices. Focusing on Product benefits vs competition and giving price.

Negotiation Skills are very important in Sales. The most important key in negotiation is Active Listening. Make sure you ask questions and actively listen to the replies, the more your client talks the more information you acquire. You need to identify the needs of your client, and create a solution for them. Answering objections is a nightmare for every Sales person, not if you know how to deal with them though. Acknowledging your clients concerns by repeating them is what makes a client feel heard, never use "but" after you acknowledge a concern, it looks like you are trying to make an excuse. Be confident about what you are talking. Be honest, you are controlling the conversation but you need to make your client feel like he does.

Negotiations are not always only related to pricing, You should clearly understand the requirements and where you fit in the customer's needs before starting negotiations A better negotiation happens only when the decision maker is on the table. Make sure you negotiate with the right people in starting itself. To grab the best possible deal in negotiations, understand the client's limitations and current situations, This will help you effectively put your services in a more valuable place. Understand the Obligations your client is raising very keenly and differentiate them if those obligations come from a buying point of view or a ditching point of view It will help you crack the deal accordingly with the best output you deserve.

Need to maintain a customer relationship, always works as a customer centric approach. Always try to help on customer problems .

Building Rapport is not something that everyone can do. In order to build rapport you need to be able to switch from time to time from professional to friendly, and know when its the right moment to do so. In my personal experience, I always manage to build rapport in the first 7 minutes of a call. You can do this by asking questions and a joke would break the ice sometimes. A client that likes you, will be more open to talk about their issues, which means more information for you. But remembers, you are here for business, so don't get carried away, you need to switch from professional to friendly and vise versa. Make sure you know which kind of person you are dealing with before the call, sometimes you need to be professional only.

Understand customer needs and then suggest your product benefits. Need to discuss with the customer how the product will solve the customer problem .

Close Strong... that's right, the success of negotiations is at the end of the conversation. CLOSE STRONG. Towards Close strong there are stages that we carry out: 1. You must be able to sell yourself as Value. 2. Find out who he is..? 3. Find keywords to open his heart and mind 4. Touch His Heart. 5. Offer benefits for closing. Cheers