No two persons agree on all things. When people come together to work out a deal, they try to maximize their benefits and minimize their costs. Each person places a different value on individual elements of the deal.An effective negotiation is not just about making people see things from your point of view, but it is also about converging two different views to a point that is perceived by both parties as mutually beneficial. The art of negotiating is the backbone of a successful sales campaign.

Focus On The Customer – Show Him The Money:

The customer is not bothered about how badly you need to make the sale to meet your monthly target. He is more bothered about fulfillment of his needs and getting value for his money.

Talk about the customer’s benefit. Don’t tell your customer about the latest technology in the car’s engine – tell him how this new engine saves him fuel and time.

Know Your Competition:

Knowing your product is not enough. You must know what your competition is offering. You don’t want to end up staring at the customer, when he says your competitors are 20% cheaper. Have your answers ready. Give him valid reasons for your higher price.

Don’t Waste Your Time With People Who Don’t Matter:

When dealing with an organization, learn to prioritize. Don’t waste your time explaining the secretary why your power tools are good. Save your time and energy for the decision maker. Try to get an appointment with “the boss”. If you can’t get one immediately, try for a later one, else move on. The secretary is not going to buy your tools.

Exploit The Copycat Mentality:

Humans have a mentality to copy what others are doing successfully. If a person’s competitor or acquaintance is using a product, he may be tempted to use the product too. Keep your references ready and tell him how others have greatly benefited from your product or service.

Get Them To Agree:

When a person agrees to something you are saying, he subconsciously creates a positive frame of mind towards your offer.
Getting the other person to say “Yes” on various occasions brings both of you on the same side – with the same goal.

Your Negotiating Strength Lies In Your Uniqueness:

If it is easy to find someone providing the same service or product that you provide, your negotiating potential is reduced. The more unique your offer, the greater negotiating powers you have. Always make a list of points which differentiate you from your rivals. Sometimes people buy things just because they are different from what most other people are using.

Use Time To Your Advantage:

Every one of us has been to a stock clearance sale. When the merchant runs out of time to sell his stock, his loses his pricing power.

Customers use this tactic on sellers and give a deadline to make a decision on price and terms. The person who is short of time is always at a disadvantage. Never allow yourself to be trapped in a “time limit” trap. Even when you are short of time, don’t let it be known to the other person.

On the other hand, a person’s urgency to get something done can work in your favor. If the other person is in a hurry to get things done, you can be assured that he will be more willing to bend than he would in a normal situation.

A word of caution – never exploit the other person’s urgency to such an extent that it makes the deal grossly one sided. You may get what you want one time, but such deals have a negative impact on your reputation and future business. A win-win situation is always desired.

Price Is Not Everything – Terms Matter Too:

Terms of service are as important as the price itself. An example could be the loans and mortgage industry. Companies are able to charge higher interests rates than competitors by allowing flexible repayment options. Companies offering freebies with their products are compensating a higher price with friendlier terms. Create a balance between the price and the terms – when price is your weak point, offset it with better terms.

“The Policy” Tactic:

Since childhood, people are taught that rules are not to be broken. At subconscious level most of the people carry a perception that it is their duty to follow all rules. You will be surprised how easily people give in when they are told that the terms which they expecting are against the company policy. Salespersons always keep a printed price list with themselves. Those few black words printed on a white paper add authority to the salesperson’s arguments and send the message that it is not within their power to alter the terms.

Keep Your Last Price For The Last:

Most buyers have a tendency to ask for a lower price than offered. If asked for “the last price”, quote something more than the actual “last price” which you are willing to give. It doesn’t matter if initially you offer a price 2% lower or 20% lower – buyers will ask for a further lower price in both cases.

The Final Gambit – Say “No”:

Risk taking is an essential ingredient of success.

Agreeing to customers’ terms all the time weakens your image in the market. Walk out of the deal if it doesn’t seem profitable. If the customer gives in to your terms, you win a profitable deal. If you lose the customer, why repent? He wasn’t a profitable customer anyway.

If you’re a salesperson whose dealership has recently gone online, you’re probably wondering about the best way to handle online customers. This new breed is entirely different, and dealerships everywhere are incorporating internet sales techniques into their existing auto sales training programs as a result.

The internet buyer is much more discriminating than their offline counterpart. They are searching for added value, choice and much more than the best price.Therefore, being able to turn their enquiries into sales should be the goal of all online dealerships. But how do you, as a salesperson go about this effectively?

To begin with, a good understanding of today’s internet buyers is in order. They are much more educated about what can be had online. That’s because most auto dealer websites allow them to do just about everything except kick the tires. Internet car buyers have greater control over the buying process. They can access information around the clock, greatly reduce searching time, comparison shop and even obtain financing online. That means that once they’ve reached you, they are much better informed than the car buyers of old. However, it doesn’t mean that the salesperson has been outmoded! Salespeople are as an integral part of the auto-purchasing process as they’ve always been. Customers still need someone to help clear confusion and finalize the sale.

It should be understood that the internet presents a golden opportunity for auto retailers and sales people to re-evaluate and reinvent their customer image. For example, the online salesperson can elevate the entire dealership’s image by assuming a more advisory role with customers. This role is highly important, considering that said customer will already know a great deal about what you have to offer. As well, internet buyers, already being used to the low pressure, self-controlled buying process are more likely to respond negatively to traditional pressure selling tactics.

Internet auto sales training should communicate the benefits of using the internet to engage a customer at the shopping stage and provide superior customer service, something that has always been a cornerstone of the auto industry. Training should also identify the benefits of utilizing internet customer relationship marketing to reinforce strong brand loyalty.

How many internet sales a dealership makes will ultimately depend on the amount of useful information on that dealership’s website. Today’s internet buyer will not wait for new information to be added; if a website does not have what they are looking for, they will simply go elsewhere. The internet is seen as ‘the great equalizer’ of all businesses. Dealerships are no longer just competing with companies down the street; they are being compared to dealerships world wide. Therefore, it is even more critical that any auto sales techniques be original and dynamic; something that catches the buyer’s eye or ear and leaves them compelled to know more.

Customer service is just as important online as it is offline; the salesperson must be willing and able to follow up with any and all internet enquiries received. According to a recent  Autoshopper survey, 22% of all new vehicle buyers said that the internet affected their choice of a dealer, up from 14% in 2002. Therefore, how a dealer or salesperson responds to internet requests is of increasing importance to customers.

Quality customer relationship management software is another way that a net-savvy dealership can manage its enquiries. Incorporating technology into the office has many other benefits as well. Today’s salespeople can now communicate from anywhere, whether it via PDA, cell phone or laptop, making them more accessible to customers than ever before. Web chat offers an additional outlet for sales people and customers to connect, giving customers the opportunity to receive real-time answers to pressing questions.

But the tactics and advice is the same: take the time to listen to what customers are saying so that you can tailor services to meet their needs, don’t rush the sale and if a problem arises, avoid excuses; instead, explain why the problem has occurred. Assume a courteous disposition, be willing to ask what you can do for them, and showcase the benefits of working with you and your dealership. Internet customers are after the same things traditional customers are to be heard and be advised.