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Defend Your Prices More Effectively

In sales seminars I often ask the mentally prepare for a tennis match and
question: How often do your customers and avoid the intimidating tactics of their
prospects tell you that your prices are opponents.Perhaps there is a book on the
too high?Typical answers: all the time; "inner game" of selling, but if there is,
daily; just about every time I quote.It's I've never read it. I do know from
easy to lose confidence in the experience, however, that a salesperson's
competitiveness of the prices you're willingness to prepare to make a sales
authorized to quote when customers and call is as important, if not more
prospects continuously and consistently important, than the willingness to make
tell you that your prices are not the call itself.Bobby Knight, the
competitive as compared to the prices controversial, but highly successful
your competitors are quoting in the coach at Indiana, and now Texas Tech,
marketplace.When you lose confidence, you once said, "The will to prepare to win is
become vulnerable. Your gross margin is more important than the will to win." He
at risk of deteriorating. Pricing was talking about practice.Did you ever
insecurity leads to a general lack of play high school football, basketball,
courage.In my younger days, my wife and I baseball, tennis, soccer, etc.? Most of
were both avid tennis players. Except for us did.Did you practice before the big
the time we were engaged in game? Of course you did. If you played a
church-related activities, we spent the team sport, did you ever watch game
majority of our weekends on the tennis films? Of course you did.You were an
court. So I knew a lot about the game of amateur, you weren't paid to play, yet
tennis.Soon I had enough confidence in my you practiced like crazy. Your coach made
game to begin playing some tournament sure that you practiced hard enough to
tennis. Although I have several trophies get prepared for going up against an
to prove my ability to occasionally win opponent.Now you're a professional! The
tennis matches, I would, of course, amount of your income is influenced
sometimes would lose. And on some on largely by your ability to make a sale at
those occasions I would actually begin full price without having to resort to
the losing process during the warm-up, discounting. But how much do you
you know when you and your opponent spend practice? How much time do you spend
a few minutes before the match hitting preparing to defend your prices? Even
forehands, backhands, overhead smashes, though you know that the probability is
serves, etc.How could you possibly lose quite high that your customers and
during the warm-up, you might ask? After prospects will question the
all, you don't even keep score while competitiveness of your prices, I'll bet
you're warming up. Well, I'll tell you. you rarely, if ever, go through the
And if you've ever played against a preparation that is necessary to raise
really good tennis player, you can the odds that you will get the order at
hopefully relate to my explanation. I full price.Most salespeople merely "wing
became intimidated by the speed of my it." Sure, they work long hours (play
opponent's serve. My opponent would serve hard), but they don't practice. They do
the ball with such incredible velocity little to prepare.If you want to see your
that I made up my mind before the match gross margins improve along with your
ever began that he was going to wipe me sales, make the decision to allocate some
off the court.Has something similar ever time for preparation for the sales call.
happened to you? Perhaps it wasn't before Ask your supervisor or a fellow
a tennis match, maybe it was during a salesperson to play the role of the
golf tournament. Your opponent birdied customer to give you an opportunity to
the first hole and you had to scramble practice. If you can't perform well in
like crazy just to make a double bogie. practice, odds are you won't perform well
Your confidence was shattered. You made when the sales call is for real.Even if
up your mind after the first hole that all you do is to pull your vehicle over
your opponent was a far superior player. to the side of the road before arriving
You quickly forgot about the birdies at the sales call, spend a few minutes
you've made over the years. All you were anticipating the kinds of objections
able to concentrate on was HIS birdie and you're likely to encounter. Then prepare
YOUR double bogie.It's funny how our the kinds of responses you will use to
minds play these kinds of tricks on us. overcome them.Your willingness to prepare
But any competitor knows that most a defense will largely determine how much
sports-related games are as much mental resolve your demeanor will reflect when
as they are physical. If our "minds are you quote your prices. If you sound at
not right," neither is our game.The same all pathetic when you quote your prices,
psychology holds true in selling. your customers and prospects will
Salespeople that allow customers and instinctively pick up on your insecurity
prospects to "get to them;" that is, get in a heartbeat.Athletes spend more time
"inside their head" with a whole host of practicing than they spend playing. How
negatives often lose their pricing about you? Are you a practicing sales
conviction before they ever get out of professional or a salesperson who merely
the starting blocks.I read a book once -- plays hard?Bill Lee is author of Gross
I don't remember the author's name -- Margin: 26 Factors Affecting Your Bottom
called the Inner Game of Tennis. The Line ($29.95) and 30 Ways Managers Shoot
author attempted to teach the reader to Themselves in the Foot $21.95). $6 S&H.




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