article thumbnail

The Important Role of Pricing Departments in the Price, Cost, Revenue Equation

Holden Advisors

Think: Revenue – Costs = Profit. Some time ago, Holden Advisors assisted a company that sold construction dirt by helping them better define their value. Pricing Divisions: The Guardians of Revenue and Defenders of Value. The pricing department of any company is essentially the guardian of revenue. Assist in communicating value.

article thumbnail

Why Best Alternative to a Negotiated Agreement (BATNA) Matters for Sales, According to Dropbox's Head of Customer Solutions

Hubspot Sales

Plus, how you can leverage BATNA's key negotiation tactics to ensure your business and your customers are both benefitting from a deal. BATNA stands for Best Alternative to a Negotiated Agreement. When you're negotiating, you need to ask yourself, 'What are the concessions I'm willing to make? What does BATNA stand for?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

21 Free Courses for Key Account Managers to Boost Your Skills Now

Account Manager Tips

Introduction to Negotiation: A Strategic Playbook for Becoming a Principled and Persuasive Negotiator. Learn how to analyse negotiations and shape them with convincing arguments. Understand relationship management strategies and best practices to win and retain profitable customers. Strategic Account Management.

article thumbnail

The Deal Desk: Sourcing Internal Expertise to Close Complex Deals

Hubspot Sales

As I touched on earlier, a deal desk might have a role in other aspects of the deal-closing process, including providing advice on negotiation strategy and insight about product knowledge. Profit can tell you whether the data and insight from the stakeholders at your deal desk are actually paying off. Who do you want to involve?

article thumbnail

Improving Sales Efficiency: How to Accelerate Sales Cycles

Brooks Group

Sales teams can close more deals in the same amount of time, resulting in higher profits. Prolonged Negotiations Problem: Spending too much time negotiating can lead to delays in closing deals. Solution: Provide sales negotiation training to your sales team. Benefits of a streamlined sales cycle: 1.

article thumbnail

How To: Turn a Suspect Into a Prospect

Brooks Group

One of the most common requests we receive at The Brooks Group is for sales negotiation training on closing techniques. They’re not profitable, unhappy, give away their company’s profit, and make life difficult for their sales managers. View this week's video. Your Team Doesn’t Have a Closing Problem .

article thumbnail

Unlock Apply: The 4th Key Fundamental of IMPACT Selling®

Brooks Group

In truth, there are an endless number of possibilities of what a customer can do with profit or savings, and you won’t know if you don’t ask. Sometimes our value construct isn’t important to the customer. Anytime a salesperson has to negotiate, it means the customer objects to something. Building out your value formula.