The other week, I saw a young girl walk up to the counter of a nice department store.
¡°I really want this toy,¡± she told the employee. ¡°But I'm $10 short. Can I please have a discount?¡±
He was clearly amused but said that would be against store policy.
Negotiators sometimes come to an impasse, no matter how much both sides would like to agree. As a salesperson, this usually happens when the prospect asks for a discount or term you simply can¡¯t grant.
If you turn them down outright, as the store employee did to the girl, your prospect might walk away -- and neither of you will get what you want.
The solution? Use the four-part response recommended by former FBI hostage negotiator Chris Voss in his book,
Chris Voss' Four-Part Negotiation Strategy
¡°How Am I Supposed to Do That?¡±
This question immediately puts the ball back in your prospect¡¯s court. Now, the onus is on them to come up with a solution -- rather than on you to concede or refuse.
In addition, they¡¯ll be forced to acknowledge that they¡¯re making a ridiculous or outsized request.
Make sure you sound respectful and genuinely curious. If you sound hostile, this question will backfire.
Here¡¯s an example:
Prospect: ¡°My boss is on board, but his manager won¡¯t approve the purchase if it¡¯s over $8,000.¡±
Rep: ¡°How am I supposed to do that?¡±
Prospect: ¡°Hardware plus support comes to $11,000, right? Is there any way you could knock something off from support? It won¡¯t bring us down to $8,000, but I think I could persuade my boss¡¯s manager with that.¡±
The buyer essentially admitted his original ask wasn¡¯t feasible -- and better yet, adjusted it.
¡°Your offer is very generous. I¡¯m sorry, that just doesn¡¯t work for me.¡±
If you ask how you¡¯re supposed to fulfill your prospect¡¯s request and they respond with a variation on, ¡°I don¡¯t know,¡± then politely but firmly say:
¡°Your offer is very generous. I¡¯m sorry, that just doesn¡¯t work for me.¡±
As Voss explains, ¡°This well-tested response avoids making a counter-offer, and the use of the word ¡®generous¡¯ nurtures your counterpart to live up to the word.¡±
Saying ¡°I¡¯m sorry¡± also creates empathy.
Here¡¯s how the salesperson would use this response if her prospect hadn¡¯t softened his request:
Prospect: ¡°My boss is on board, but his manager won¡¯t approve the purchase if it¡¯s over $8,000.¡±
Rep: ¡°How am I supposed to do that?¡±
Prospect: ¡°I¡¯m not sure. She¡¯s pretty dead-set on that limit.¡±
Rep: ¡°That¡¯s a generous offer and I want to make this partnership work. I¡¯m sorry, but $8,000 just doesn¡¯t work for us.¡±
Prospect: ¡°Hmm. Do you have any flexibility in boosting our level of support? She might go for it if we¡¯re getting premium support.¡±
Rep: ¡°Yes, I can upgrade you to the priority package with no charge.¡±
¡°I¡¯m sorry, but I¡¯m afraid I just can¡¯t do that.¡±
Does this response sound familiar? Voss says it¡¯s ¡°a little more direct¡± than your previous statement.
¡°The ¡®can¡¯t do that¡¯ pulls great double duty,¡¯¡± he adds. ¡°By indicating an inability to perform, it can trigger the other side¡¯s empathy toward you.¡±
At this point, you¡¯ve said ¡°no¡± in other words three times. Unless your prospect is extremely set on getting what they¡¯ve asked for, they¡¯ll probably compromise.
Prospect: ¡°My boss is on board, but his manager won¡¯t approve the purchase if it¡¯s over $8,000.¡±
Rep: ¡°How am I supposed to do that?¡±
Prospect: ¡°I¡¯m not sure. She¡¯s pretty dead-set on that limit.¡±
Rep: ¡°That¡¯s a generous offer and I want to make this partnership work. I¡¯m sorry, but $8,000 just doesn¡¯t work for us.¡±
Prospect: ¡°Unfortunately, I don¡¯t think I can persuade her at the current price. Are you sure you can¡¯t do $8,000?¡±
Rep: ¡°I¡¯m sorry, but I¡¯m afraid I just can¡¯t do that.¡±
Prospect: ¡°I know our department really needs this new equipment ¡ Could you put me in touch with a reference who might be able to sell her on the value?¡±
Rep: ¡°Definitely -- I¡¯ll send you two contacts by the end of the day.¡±
¡°I¡¯m sorry, no.¡±
¡°Delivered gently, this barely sounds negative at all,¡± writes Voss.
You¡¯re politely standing firm. If the agreement is salvageable, the buyer will agree to your terms or ask for a different concession. If they keep pressing, it¡¯s likely time to cut your losses or offer a concession.
Prospect: ¡°My boss is on board, but his manager won¡¯t approve the purchase if it¡¯s over $8,000.¡±
Rep: ¡°How am I supposed to do that?¡±
Prospect: ¡°I¡¯m not sure. She¡¯s pretty dead-set on that limit.¡±
Rep: ¡°That¡¯s a generous offer and I want to make this partnership work. I¡¯m sorry, but $8,000 just doesn¡¯t work for us.¡±
Prospect: ¡°Unfortunately, I don¡¯t think I can persuade her at the current price.¡±
Rep: ¡°I¡¯m sorry, but I¡¯m afraid I just can¡¯t go that low.¡±
Prospect: ¡°From my end, the price is non-negotiable. Are you sure you can¡¯t do $8,000?¡±
Rep: ¡°I¡¯m sorry, no.¡±
Prospect: ¡°Let me tell her you can¡¯t do $8,000, show her the ROI information you gave me, and get back to you.¡±
While holding your ground during a negotiation is hard to do, it¡¯s often necessary to reach a fair deal agreement. This four-part response should make saying "no" easier.