article thumbnail

Tips to Maintain Control of a Sales Negotiation

Janek Performance Group

In our recent white paper The Ultimate Guide to Sales Negotiations , we discuss how negotiations improve with consultative selling. By stressing long-term relationships over short-term sales, sellers should form partnerships and work with buyers to achieve the best outcomes. This gives them a competitive advantage.

article thumbnail

Negotiating a Deal In Crunch Time

Sales and Marketing Management

The negotiation started with the Twins offering five years, $90 million. We worked through it together and to avoid the free agency deadline because we knew at crunch time, unpredictable things happen in a negotiation. Unfortunately, not all negotiations are textbook like this. We recommend scripting the negotiation in advance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Incentive Gift Cards Continue to Delight

Sales and Marketing Management

Author: SMM Research from the Incentive Gift Card Council (IGCC) and the Incentive Research Foundation (IRF) shows the majority of U.S. are increasingly using gift cards as a reward tool for multiple groups (channel, sales, employee and customer), and that investment in gift card rewards is both significant and growing.

article thumbnail

Transparent Negotiations: The Counterintuitive Way to Negotiate More Valuable and Predictable Deals

Sales and Marketing Management

Author: Todd Caponi Negotiating an agreement with a client is often perceived as requiring the development of a completely different selling muscle: During the sales cycle, we’re doing things to add value to the buying journey, building trust and providing the information a buyer needs to make a confident, informed decision. .

article thumbnail

Founder Q&A Series: Incentives and Compensation Structure

Sales Hacker

Spiff budget for monthly incentives/contests (keeps it fun). Cost of living limits incentive %. Do you have any suggestions for structuring an incentive package to optimize for sales/revenue efficiency?” Noah Marks , VP GTM Strategy & Operation at Udemy : SDR: 70/30. Measured by qual opportunities per month.

article thumbnail

Group travel is down, but not out

Sales and Marketing Management

Author: Paul Nolan According to an April survey by the Incentive Research Foundation, the top concern about participating in work or reward-related travel was the threat of an epidemic/pandemic at 33%, followed closely by severe weather at 29%. Incentives interrupted. Sales are still happening, but a group celebration isn’t likely.

Travel 218
article thumbnail

What Can Principal Agent Theory Teach Negotiators?

The Accidental Negotiator

Is there a gap between you and your agent’s incentives? There are times when something is being negotiated that we choose to not go it alone. If you do this, you wonder whether you can trust the agent to fully represent your best interests no matter what negotiation styles or negotiating techniques are being used.