Before we get to business today, let me follow up on something I mentioned yesterday.
Next Wed, March 13, the RevItUp Sales Leadership Summit will be taking place in San Diego. There’s a line-up of great speakers, lots of networking opportunities.
I attended last year. And it was a valuable day of learning and connecting with the Southern California sales community.
This year, I’m honored to have been invited to speak at RevItUp. I want all my SoCal friends to come spend half a day with me at this event.
So, I have a special offer for you if you attend RevItUp:
Introduce yourself to me at RevItUp and show me a copy of this email on your phone and I’ll give you an annual membership to The Sales House for 50% off our standard price. That’s my $182 gift to you. (Consider it a bribe to come sit through my talk!)
Why are you wasting valuable sales time?
Lots of talk lately in various forums about sales and negotiating.
I’ve grown plenty of high performing sales teams.
I’ve never spent a dime on training my sellers on negotiation.
That’s not their job.
Not to mention most sellers are horrible at it. (Though most think they are great at it.)
What many sellers consider to be negotiating is just a ritualized way to offer their buyer a discount (and degrade the profitability of a deal.)
When I hear sales reps tell me that they’re great negotiators what they are really saying is they’re good at splitting the difference.
Let sellers sell
I’m amused by CROs or VPs of Sales who are fervent advocates of specialized sales roles (BDRs, SDRs, AEs and AMs/CSMs) and then have their sellers negotiate their contracts.
Contract negotiation is a specialized skill.
There are contract professionals who are infinitely better at that job than sellers.
If you’re selling a product or service with any level of complexity, then hire one. Let them negotiate contracts. Let sellers sell.
Contracts people are aren’t emotionally invested in a deal like the sales rep, they better protect the interests of the company.
Experienced contracts professionals understand how to work with Procurement and Legal. My experience has overwhelmingly been that they help accelerate closing good deals.
I hated it. Until I couldn’t live without it.
I remember the first company where I worked with a contracts group.
I hated it. At first.
Like every other ego-centric seller, I hated the idea of relinquishing control over a contract negotiation to a person I considered to be nothing but a glorified bureaucrat.
Then I learned to love it.
It was a revenue accelerator. Working with a contracts specialist shortened the period of time between being selected as the winning vendor to delivering products/services.
It freed up my selling time. Both my sellers and I had more time available to focus on winning new business.
It preserved relationships. Negotiations are by definition adversarial. And sellers have too much at stake to expect them to dispassionately negotiate. Having Contracts specialists handle negotiations will preserve the collaborative and trusted relationship that you spent weeks or months developing with your buyer.
Coming next month in The Sales House: a new course on…negotiation!
Just kidding. Well, not really.
In April, I’ll be launching a new course for Sales House members on Non-negotiation Negotiation.
I’ll show you how you can eliminate significant buyer objections (and simplify negotiations) by how you structure your sales strategy, and your offer, for a well-qualified buyer.
In short, I’ll teach you how to effectively negotiate the critical elements of your next deal as part of your selling process. Before negotiations begin.
In the process, you’ll also shorten the time to revenue.
Like many courses in The Sales House, there’s a strong dose of SalesCraft involved.
Successful utilization of my Non-negotiation Negotiation strategy will require that you be well-versed in the relationship skills I teach in my B2B Sales Relationship Bootcamp.
And, it requires that you can implement my 5-Step Power Qualification process.
Don’t wait for April to get started.