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Price negotiations is one of the toughest challenges in B2B pricing. Far too frequently, sales team’s discount unnecessarily or far deeper then needed. Their behaviors aimed at closing deals, while well intended, often have unintentional consequences – they create more price aggressive customers and competitors which result in lower market prices. Additionally, when businesses raise price their success rate is generally far short of expectations. They assume that competitive and market dynamics were not favorable‒their price or price increase was set too high‒when the real reason is often the lack of strong price negotiation skills.
This course covers proven practical strategies, best practices and tactics that sales resources need to successfully implement price increases, negotiate deals with no or minimal price decreases as well as have a positive impact on the future market price.
Attendees will learn:
Joanne Smith is the author of The Pricing and Profit Playbook (Bradley Publishing – October 1, 2013), and the former DuPont Corporate Head of Marketing, Pricing and Customer Loyalty. She achieved her B.S. from Drexel University and completed Advanced Marketing and Sales Courses with Kellogg School of Management Program. She is a certified Six Sigma Champion.