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Re-framing Procurement Negotiations: From Buying and Selling to Decision Making

5600 Blue

Over ten years ago, after having spent more than 20 years a salesperson, VP sales and sales consultant, we secured our first contract to provide negotiation training for the procurement arm of a major US airline. By Procurement Magazine Let the panic set in….clearly I felt like the proverbial fox in the hen house!

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The Perplexing Power of Process & Methodology in Complex B2B Sales

Mike Kunkle

Worse, recently, I’ve read an increasing number of articles and posts about how buying has become so convoluted and non-linear, that given that and a buyers’ market, sales process just doesn’t matter anymore. Go re-read the CSO Insights quote I used to start this article. Action Is Real Power.

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5 Keys to Successfully Selling to Fortune 500 Companies

Hubspot Sales

You’re likely dealing with a buying committee of three to five people -- who will need sign-off from the executives, board, Procurement, and/or Legal before the deal officially closes. You should also ask your champion or main contact for access to Procurement relatively early in the process. If yes, can we please have a copy?”.

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The 6 Elements of a Truly Consultative Sales Process

Hubspot Sales

Stage 5 : Negotiate and Close. They might also share relevant research or other articles that take a closer look at the state and future of online education. Knowledgeable customers make their selection and negotiate. Skilled salespeople will have already involved procurement prior to this stage.

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4 Differences Between Sales Coaching and Feedback

Hubspot Sales

Skill Development: Coaching helps salespeople develop and refine their selling skills, such as prospecting, objection handling, and negotiation, which leads to improved sales performance. Editor's note: This article was originally published in January 2015 and has since been updated for comprehensiveness. Sales Coaching Benefits 1.

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Complex sales CPQ: Accelerating sales cycles and eliminating bottlenecks

PandaDoc

In this article, well explore the challenges of complex sales and the strategies your team can use to close deals more efficiently. This stage often involves legal review and procurement discussions. This can include negotiations, compliance checks, and/or deciding on a timeline for implementation with your customer.

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The Power of Pause

Revenue Storm

The initial negotiations were happening with procurement when we first became involved in the deal. The result effectively negotiated an increased commitment from $8M to $11M, with a progressive option to $16M. Being deliberate in the willingness to set aside that time can yield a radically different deal outcome.