4 Deadly Sins of Sales Negotiations – Hope and 3 Others

We all hear so much about the smooth Donald Trumps of the world that we can fall in to the belief that everyone shows up for a sales negotiation better prepared than we are. Nothing could be further from the truth. In fact, there are four common sales negotiation mistakes that even really smart people make all the time. Are you making any of them?

The 4 Deadly Sins Of Sales Negotiations

It turns out that the reason that so many sales negotiations turn out poorly for negotiators is because they enter into the negotiations with the wrong state of mind. Instead of preparing for the negotiation, they go in with a “let’s hope for the best” type of mindset. How can they possibly hope to do well?

Sales negotiators who have this type of mind set more often than not don’t do well during a negotiation. They fall prey to the four deadly sins of sales negotiations:

  1. No plan
  2. Bad agreements
  3. Poor reading skills
  4. No follow up

Your Plan Is That You Have No Plan!

While I worked for Siemens, there was a large French-Canadian director who would occasionally explode in strategy meetings and shout at people that “Your Plan Is That You Have No Plan!” In a sales negotiation, this is often the case when people enter into the negotiation without a plan.

Instead of a plan, they have hope. Hope that things will go well. That they won’t make too many mistakes. That the other side will make mistakes. A sales negotiation is a journey, not a destination. You need to have a plan (concessions, demands, questions, schedules, etc.) for how you are going to get to where you want to go.

Agreement Without Clarity

During everyday conversations with friends and coworkers, we all have a tendency to agree to things that we may not have a full understanding of. This is a polite way of keeping the conversation going even when we may not fully grasp what they are saying – we figure that we can pick it up later on.

This same type of behavior during a sales negotiation can be disastrous. If you don’t take the time to fully understand what you are agreeing to, you may find yourself quickly in a bad situation. Call for a break, take a time out, or ask the other side of the table to better explain something before you agree to it.

Doing A Poor Job Of Reading

Looking the other side in the eye and signing a contract with a big flourish sure can make a strong impression – that you don’t have any idea what you are really signing. I learned a long time ago that he who takes the notes, ultimately controls how a meeting turns out. The same goes for sales negotiations – it really doesn’t matter what you THINK you’ve agreed to, it’s the words that make it onto the paper that really matter. Take the time to read them!

Follow Up, Follow Up, Follow Up!

It’s too easy to think that a sales negotiation is over and done with once the last paper has been signed and the handshakes have been exchanged. However, both sides of the table have a responsibility to follow up and make sure that the agreement is being executed by both sides. Not only is this a critical part of doing business, it can have a big impact on any future negotiations between the two sides.

Final Thoughts

A long time ago I took a scuba diving class. One of the key lessons that they taught in that class was the simple phrase “Plan your dive, dive your plan.” The same thing can be said about sales negotiations: you need to have a plan and you need to follow it if you want to have any chance of being successful.

We now know what can happen if you don’t have a plan: you’ll end up skipping over important steps like agreeing to things that aren’t clear, not reading things that you are signing, and not following up after the deal is done. Remembering to plan your negotiations ahead of time and avoiding the 4 deadly sins of sales negotiations will allow you to close better deals and close them quicker.

Give Yourself the Present of Being Present

Have you noticed how GOOD you have it? How ABUNDANT your life really is?

Or are you stressing about holiday hutsle and bustle? I remember plenty of years where I MISSED the holiday, the season and everything that was really great and precious because I was focused on everything I thought I didn’t have like:

1. Not having enough money to buy the holiday presents I wanted to buy.

2. Not having friends to celebrate the holidays with.

3. Not having my family members treat me the way I’d like.

4. Not having the funds to take a fabulous vacation.

5. Not having a passionate romance in my life.

This year my focus is much different. And I’ve seen the amazing difference even a year can make. This year I choose to focus on what I DO have:

1. A healthy body that lovingly moves me through every hour of each day.

2. A love relationship with God that that continues to amaze and dazzle me.

3. An opportunity to create all things new in this glorious New Year.

4. A sweet and smokey smell filling my glowing fireplace.

5. The luxury of taking time to reflect on what is most meaningful to me.

6. The ability to let go of all people, thoughts and things that are meant to move on.

As a result of focusing on what I do have, everything that I haven’t had in the past has either been brought to me or I have been brought to peace with it.

It’s a beautiful place to be.

I hope and pray you give yourself the gift of being present with what is. Enjoy ALL that you do have and remember you have what it takes to live a legendary life!

© 2007 Gina Ratliffe

Steps on Being Joyful in the Present Moment

Below are the three direct steps on how to find more joy in the present moment. Keep in mind that true joy can only come from within. As you see that joy is only found from within, you can begin to see why joy is a lot easier to find in the present moment awareness.

Step 1

Develop gratitude. To get into this state of mind, pick something right now that you haven’t really noticed before. Focus your attention on that one thing. As you begin to focus your attention on that one thing, feel a deep sense of wonder and awe. Be grateful for it being there. That feeling alone will give you momentum.

Step 2

You don’t need any reason to be happy. Just because you see many people striving for something to be happy about, doesn’t mean you have to. Realize this truth, there is no validation need for you to be happy. You can choose to be happy for no reason at all, this is a big secret that many have a hard time grasping, but if you understand the essence of it, you are well on your way.

Step 3

Send happiness to others now. The moment you send this out to others is the exact moment you realize, that what you give out is what you get back. Whatever you feel is lacking, in this case happiness, send it to someone. Make someone laugh or send happy thoughts to someone. This will put you in the position you choose.