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Sales Training Blog | Colleen Stanley

Wednesday, June 18, 2008

How to Get Paid What You Are Worth

Good salespeople and sales organizations work hard every day to provide the best service, product and personnel. Unfortunately, these same organizations can end up with declining margins and profits because the customer is demanding more and wanting to pay less. So how do top salespeople and organizations get out of the “price objection game?”

#1 Rule - Be willing to walk. People pay thousands of dollars for negotiation seminars. Let me save you a few bucks. Negotiation 101 is being able to walk away from a deal. If you can’t walk from a deal, you will never get paid what you are worth. It takes two to play the ‘price game’ so stop playing! Too many salespeople discount too often and too soon, resulting in no respect and distrust. (Why didn’t you quote that price in the first place…..)


If you don’t think you or your product is worth it, why should your prospect?


#2 Rule – Make sure you are in front of the right prospect. Not everyone deserves to be your customer. If you are in front of a prospect who has made it clear that price is the only issue, thank them for their time and give them a referral to your biggest competitor. The competition will be distracted writing proposals that are going to get shopped to death while you focus on customers who value what low prices can’t buy: excellent service, expertise and YOU!

#3 Rule – Never forget you are worth it. This is the biggest reason that top salespeople get paid what they are worth. And it has nothing to do with selling skills. It has everything to do with their own self worth and self regard. Don’t sell yourself short. If you work hard, deliver excellent service and are an expert in your field of expertise, you are worth every dollar you charge and commission you earn.


Good Selling and Consulting!


Colleen Stanley
Chief Selling Officer

1Comments:

Blogger dmitch said...

I think one way to make sure you are paid what you are worth is to bring in the numbers that display your work. If I'm worth 1 million dollars, than I am going to make sure that I bring in 1 million dollars or more.

Techniques, strategy, and consistency all help make me and my sales team successful. You can check out a tool that me and my sales staff use, it is pretty sweet. Click here.

December 31, 2008 7:20 AM  

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SalesLeadership, Inc., located in Denver, Colorado, is a business development consulting firm specializing in sales and sales management training. Our professional sales trainers and business development consultants provide seminars, workshops and consulting for the professional sales person, businesses and corporate sales teams, including programs in motivational sales training, sales techniques, sales management, sales leadership and business development process & strategy.

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