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It’s Not the Wild West: 12 Tactics to Make Your Price Negotiations Smooth and Successful

Salesforce

There’s no better feeling than closing a deal after a tough price negotiation. In this article, we’ll show you how to perfect that skill — complete with 12 price negotiation tactics used by reps across industries. What you’ll learn: What is price negotiation? Why are price negotiations important?

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Is Competition Based Pricing a Winning Strategy?

Salesforce

One of the easiest ways to keep tabs on your competitors is to watch their prices. Making regular price adjustments to match or undercut similar offerings in the same market is a common tactic used by companies of all types and sizes. It’s called competition based pricing. But this is not just about getting ahead.

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How to Supercharge Your Sales Velocity for Quicker Wins

Salesforce

If you’re using a CRM like Salesforce, these metrics are tracked automatically and are readily available. Increase average deal size This doesn’t necessarily mean increasing the price of your products or services. Want to take the #1 CRM for a test drive? Instead, think about upselling or cross-selling.

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The Secret of Successful Account-Based Selling? Going After the Big Fish

Salesforce

Even better: Find the accounts that can afford to — and will likely — pay top dollar for products with high price tags or products with subscriptions that will pay out for a long time. Take a look at CRM data to see the problems and pain points your customers share. You can also organize contacts and track outreach using your CRM.

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How to Negotiate Your Next Sales Contract: 9 Tips for Success

Salesforce

When the customer is ready to upgrade: If technology or best practices have changed since the original purchase, you may need to renegotiate pricing and scope. If market conditions or laws/regulations change: You may need to make some changes to keep pricing fair and ensure the contract is still legal.