Phoenix Training

Posts Tagged ‘real estate’

Top Ten Tips for Negotiation Skills

Posted by MarinaWirkner
Thursday, July 7th, 2011

We all negotiate in one way or another. Let it be with a client whose business we desperately want to win or try to find the best possible deal which suits all our needs.

I thought I would share some tips with you I have received from our negotiation specialist.

1. Using silence

Saying nothing can sometimes be as powerful as speaking, providing silence is used at the right time and in the right way.

2. Summarising frequently

By definition, negotiations can often be complex, so never be afraid to summarise.

3. Making notes

This too helps keep negotiations on track.

4. Leaving people feeling good at each step

Negotiation typically builds agreement progressively. Make sure you emphasise that each stage is good – preferably for both parties.

5. Reading between the lines

Remember that negotiation is essentially an adversarial process. Watch out particularly for danger phrases that often mean something other than they seem to, even the very opposite.

  • “You’re a reasonable fellow.”  Meaning: “I am”.
  • “That’s much fairer for both of us.” Meaning: “Especially for me”.

6. Remaining neutral

Maintain neutrality as much and as long as possible. Negotiation works best as a balancing exercise.

7. Concentrating – all the time

Concentrate. Build in time to think if necessary. Use delaying tactics to stop you getting into difficulty.

8. Keeping your powder dry

Beware of acting precipitately. Try not to make an offer, certainly not a final offer, until everything that needs negotiating is on the table.

9. Beware deadlines

It is said that there has not been a deadline in history that was not negotiable. Timing is a variable.

10. Remembering constraints and variables are interchangeable

Almost anything the other side presents as fixed may be made into a variable. The word fixed is as likely to mean we do not want to negotiate this, as it cannot be used as a variable.

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Closing Skills

Posted by BillOsmond
Wednesday, August 25th, 2010

After running a couple of short workshops under the title of closing skills, I was reminded of the complexities that surround the subject and indeed the myths that appear whenever the subject is mentioned.  I often hear sales managers refer to their teams as “good but can’t close”.  I guess that means they ultimately aren’t “good”.  What is significant is that the closing skills of the sales team

are often targeted as the reason why they are not achieving great results.  This creates a knock on effect – the managers continue to put pressure on the sales team to “close, close, close”.  The result of this pressure means that the sales person focuses on what they believe to be a closing technique.  The famous sales mantra from the days of power selling springs to mind “always be closing”.  I wonder if there is any logic telling sales people to do this or is it simply an attempt effect their mentality and develop an aggressive manner when selling, only concerned with getting a result.

I suppose every sales person should be concerned with getting the result they set out to achieve.  However the problem with only worrying about closing is that the rest of your sales technique and structure will probably suffer.  Where I do agree with the “always be closing” mantra is in as much that you should always be doing something to help you close the sale.  One analogy that we discussed during the workshops was that closing should be like the closing of the barn door once you have the cow in the barn.  The point being that closing the door should be a simple task once the cow has wondered happily into the barn, because they have wanted to.  The sales person must get the client to want the product/service that they are selling and then close behind them.  If you try to close when the cow is halfway through the door it can be a tricky process!!

Cow Arzúa, Galicia)
Image via Wikipedia

So what will help you close the sale comfortably?  Firstly, have an objective.  Never go into a call or meeting with a see how it goes attitude, it makes it incredibly difficult to gain an advance or a close.  Secondly, use questions to develop a need to sell against.  Questions, when used effectively will help change the clients view of the issues and problems they are facing, heightening needs means that the client is more likely to look for a solution.  (the cow starts to move).  Thirdly, gain agreement from the client that they do have needs and recognise them.  Fourthly, when demonstrating how the product or service will help the client, make sure you gain agreement from the client that they do recognise this and are not simply nodding politely.  Finally make a clear suggestion as to what they should buy and ask for the business.  Do not ask “is that the sort of thing you’d be interested in?” or “how does that sound?” or any variation of the above.  You should have demonstrated exactly how it would help them and therefore it is question how much they should buy not whether they will buy or whether they like it!

So, always be doing something to help you close, listen for buying signals and respond quickly, using those opportunities to gain agreement and close.  Always seek to gain an advance from each call or meeting.  All of your closing should revolve around progress.  Good closing skills require all the key elements of sales structure to be used: good introduction, good questioning and need development, good use of the products features and therefore benefits and then an awareness of when to close and a confidence to do so.

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Un-Real Estate Agent

Posted by OliverO
Thursday, February 18th, 2010
Estate Agent Overload
Image by blech via Flickr

As Phoenix continue to grow steadily, having recently taken on another full time trainer, we decided that now would be a good time to review our existing office and training space and explore the possibility of moving into somewhere larger.

The recession has led to a surplus of office space in central London and we thought that there would be a good chance of securing a long term lease at a bargain price.  What’s more, we were sure that London’s lettings agents would be falling over themselves to convince us of the value of their properties and how they would be just ideal for a training company with our particular needs.  Sadly, our experience of the latter could not have been more different.

Now, I know estate agents are an easy target but I can assure you that this isn’t yet another dig at the profession as a whole.  It is however designed to expose the lack of basic sales skills that those we met displayed, and to reinforce how critical it is to have the core skills in place before you can even hope to sell in today’s tough markets.

On arriving at the first potential office, we were left hanging around for 15 minutes before the agent finally arrived.  We’re all late on occasions and there may well have been a good reason, but the very least we could have expected was a call to manage our expectations.  Every week, I’m amazed by sales people who think that it is acceptable to turn up ten, fifteen or even thirty minutes late without so much as a phone call.  It’s not, and in most cases you’ve lost the sale before you’ve even begun.

Nevertheless, we’re still keen buyers so, on this occasion, the agent’s transgression will be forgotten if he can really convince us of how this office space will work for us.  On first inspection, it all looks pretty good – modern, stylish and in a great location – but we just couldn’t visualise where the training room would go, mainly because the whole space was still a shell.  We turn to the expert for inspiration, but he’s actually walked away to the other side of the space to take a mobile phone call, and is merrily chatting away oblivious to us!  The moment is lost.  On finally regaining his attention, his answers lack conviction and we’re left totally unconvinced by the potential of the office.  On reflection, the phone incident, though scarcely believable, was hopefully a never to be repeated mistake; however, from a sales perspective, the lack of expertise was even more worrying and is actually very common indeed.  If you’re going to sell anything – property, software, pharmaceuticals, even training services – you must know all there is to know about your product or service and be able to relate this knowledge to your customer.

Despite our initial experience, we were still in the market for a new office, so headed off to view another couple of options with high hopes.  Both agents were on time which was a good start and both had properties with real potential and yet, once again, simple mistakes were made that resulted in the collapse of the sale.  At the first, we were left abandoned in the office whilst the agent enjoyed some banter with the builders over the road!  With no one to ask about the details, how could we be expected to commit?  Just like our mobile phone friend, they demonstrated an unbelievable lack of interest in us.

The next and final viewing was going well, until the agent admitted that the landlord was not interested in the property as a whole and that he doubted he’d be willing to modernize the 1970’s décor in the common areas.  Now honesty is a real virtue, but by creating a picture of uncertainty and possible conflict with the landlord, he immediately lost us.  Potential customers want assurances and certainty before they commit, not vagueness and ambiguity.

You may think that I’ve exaggerated things here, but I can assure you these experiences are very real indeed and I’m sure they are repeated in sales situations in many different markets.  One final thing that struck me with all three agents, was that not one of them even asked us what we actually did – maybe they already knew, but it is this lack of basic questioning and interest in our business that meant we were never going to commit.    Maybe we just got a bad bunch who have got lazy, simply used to taking orders rather than actually selling, but in the current climate a return to the basics would go a long way to winning more business.

We’ve now given up the search for a new office, instead looking for a larger space at our current Leathermarket site run by Workspace.  What’s more, we’ve recently run some training events for their site managers to make sure that they properly engage with the customers and create a fantastic picture of what the office will look like once they’ve moved in. After all, it’s this image that will create the real desire in the customer to move in.  Simple but effective.

Oliver Osmond – Sales Director, Phoenix Training

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