379 – Understanding the Psychology of Negotiation: A Deep Dive with Brian Will

Subscribe: iTunes | StitcherRSS

Contents

Negotiation psychology is a fascinating field that explores how people make decisions and reach agreements. It’s a crucial aspect of business, particularly in sales, where understanding the mindset of your customer can make the difference between closing a deal or losing it. In a recent episode of The Site Shed podcast, we had the pleasure of hosting Brian Will, an expert in negotiation psychology and author of “NO…The Art of Sales and Negotiation”.

Who is Brian Will?

Brian Will is a seasoned professional in the field of sales and negotiation. He has honed his skills over the years, working in various industries and dealing with different types of clients. Brian’s expertise lies in understanding the psychology behind negotiation and using this knowledge to close deals effectively. He has written a book on this subject, “NO… The Art of Sales and Negotiation”, which provides valuable insights into the art and science of negotiation.

The Art of Sales and Negotiation

According to Brian, the art of sales and negotiation is not about talking fast or using technical jargon. It’s about understanding the customer’s needs, presenting them with options, and helping them see the value in what you’re offering. It’s about building a connection with the client and getting them to sell themselves on your product or service.

Brian emphasises the importance of the fact-finding phase in the sales process. This is where you figure out what the client is looking for, why they’re looking for it, when they need it, and who else they’ve shopped with. It’s also where you identify potential objections and build your sales process around overcoming these objections.

The Four-Box Process in Sales and Negotiations

Brian Will introduces a systematic approach to sales and negotiations known as the ‘Four-Box Process’. This process is designed to guide salespeople through a negotiation, ensuring they cover all necessary aspects to close a deal effectively.

  1. Introduction: This is the initial phase where you establish a connection with the client. It’s crucial to make a positive first impression and set the tone for the rest of the conversation.
  2. Fact-Finding: This phase involves understanding the client’s needs and wants. You ask pertinent questions to uncover what the client is looking for, why they’re looking for it, when they need it, and who else they’ve shopped with. This phase is also where you identify potential objections and prepare to address them in your sales process.
  3. Presentation: In this phase, you present your product or service to the client. However, it’s not about overwhelming them with technical details. Instead, you present them with options that can solve their problem or meet their needs. You explain to them what they’ve already agreed that they want.
  4. Close: The final phase is closing the deal. Contrary to common belief, the sale is not closed in this phase. The groundwork for closing the sale is laid in the fact-finding phase. The closing phase is about finalising the agreement and ensuring the client is satisfied with the decision.

 

This Four-Box Process is a strategic approach to sales and negotiation, ensuring that you address all necessary points and handle objections effectively. By following this process, you can improve your sales performance and close deals more efficiently.

Key Takeaways

  1. Understand Your Customer: The first step in successful negotiation is understanding your customer’s needs and wants. This involves asking the right questions and actively listening to their responses.
  2. Present Options, Not Jargon: Customers don’t need to know every technical detail about your product or service. Instead, present them with options and help them understand how these options can solve their problem or meet their needs.
  3. Overcome Objections: Every sales process will face objections. The key is to anticipate these objections and build your sales process around overcoming them. This involves understanding the common objections in your industry and preparing responses in advance.
  4. Build a Connection: Sales and negotiation are not just about closing a deal. They’re about building a connection with the client. This involves engaging in meaningful conversation, showing empathy, and demonstrating that you understand their needs and concerns.
  5. Use the Power of Testimonials: Video testimonials from satisfied customers can be a powerful tool in your sales process. They provide social proof and help build trust with potential clients.
  6. Follow the Four-Box Process: This systematic approach to sales and negotiation can guide you through a negotiation effectively, ensuring you cover all necessary aspects to close a deal.

 

In conclusion, understanding negotiation psychology is crucial for successful sales. It’s about understanding the customer’s needs, presenting them with options, and helping them see the value in what you’re offering. It’s about building a connection with the client and getting them to sell themselves on your product or service. By mastering these skills, you can significantly improve your sales performance and grow your business.

Ready to dive deeper into these topics? Don’t miss out on our full podcast episode with Brian Will. Click the button below to start listening!

Video Discussion Points: 

04:28 – Sales success decoded: understanding psychology, objections, and conversions.
07:49 – Boost your sales process for home service companies with these actionable tips.
13:16 – Let your clients choose without prying into their budget. Empower them in the decision-making process.
15:17 – Tailored solutions for diverse budgets. Say goodbye to one-size-fits-all approaches.
20:18 – Reputation is key. Avoid cannibalising your business as a smaller player in the market.
25:22 – The 4-box process: introduction, fact finding, presentation, and closing.
29:26 – Ditch the technical jargon. Communicate simply to connect with your audience.
32:37 – Focus on the outcomes that capture hearts, not just the products.

Resources:

If you enjoyed this podcast and this series, please take 5 to leave us a review:

Google

👍 Facebook 

Leave a Reply

Your email address will not be published. Required fields are marked *

Search

Search past episodes of The Site Shed.

The Site Shed | Listen Notes

Reviews

The Site Shed is one of the best online communities and podcasts for tradies out there. The free content provided to members is unbelievable - offering invaluable advice to run a successful business, and the community of tradies is truly awesome. Do yourself a favour and check it out.

Peter Cox Business Man

Great work Matt with all the podcasts and the site shed facebook community group. The amount of information that you can learn for free in this space is unbelieveable. It's great to see like minded contractors and trades trying to improve their businesses and also share ideas and help others. Highly recommend. Thanks!

Ben Hern Business Owner

I have been listening to the pod casts for a few months now, I can't get enough of all the awesome content that you guys provide. Especially when you guys deliver it from a trade perspective which helps out a lot. Keep up the good work and hopefully one day I can afford one of the trade training trips.

Ché Henton Customer

I own a construction company,and i love learning how to make my bussiness more competitive,profitable and how to better serve my clients. The site shed is a wonderful place to get invaluable knowledge no matter your trade .

Michael Mullinax Construction Company Owner

Subscribe To Our Audio Podcasts!

newsletter-icon
Share This

Advertise With Us

If you think you’ve got a product or service offering that could benefit our audience, we’d love to hear from you! 
Complete this form to let us know a little more about your business, and the type of promotion you’re interested in and we’ll get in touch.

We use cookies and similar technologies to recognize your repeat visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. By clicking “I Accept” on this banner or using our site, you consent to the use of cookies unless you have disabled them