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Reaping Full Benefits of an Unwarranted Concession



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Why Cross-selling Fails: The Ultimate List - By Richardson

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Even the best of clients make it necessary for you to give a concession that from your perspective is not truly warranted. Sometimes this is for the sake of the "relationship" and sometimes to maintain the business. As you make the concession, be sure to get full credit and most of all don't create the worst scenario which you make the concession and make the client unhappy at the same time. Of course, you don't always have to "give" the concession, and often you can trade for something important to you. But when you do decide to "give," get as much relationship mileage as possible out of it. This tip is not about trading (get X to give Y or change the price, change the deal). It is about how to maximize a concession from a relationship standpoint after you conclude you have negotiated as far as you can.

There is a way to make a concession and a way not to: To save you from wasting time, money, and good will, let's first look at what not to do. - Never have an edge, show anger, or negativity; always convey concern for the client's needs and your organization's needs.

Now let's look at some dos that can make you a hero.




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Free PDF Download
Why Cross-selling Fails: The Ultimate List - By Richardson

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About the Author: Richardson

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Linda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web
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