โ† Sales & Brand Management learning path
Sales & Brand Management ยท Module 7 of 10

Negotiation and objection handling

Reaching agreements both sides accept.

๐Ÿ“– Key ideas

  1. Negotiation aims for an agreement both sides can accept, not for one side to win everything.
  2. Know your walk-away point before you start.
  3. Trade, do not just give: if you reduce price, ask for something such as advance payment or a longer contract.
  4. Common objections are about price, timing, trust and need.
  5. Listen fully, acknowledge the concern, answer with evidence, then confirm it is resolved.
๐Ÿ’ก Real-life example: Like bargaining at a market in a respectful way: both the seller and buyer leave feeling the deal was fair.
Walk-away pointThe limit beyond which you will not agree
ConcessionSomething given up in a negotiation
Win-winAgreement good for both sides
Social proofEvidence that others trust the product