article thumbnail

How Can Price Anchoring Lead to Successful Negotiation Strategies?

SalesFuel

It can be successful because it leverages psychology. Beginning the negotiation process with a higher-price solution is a suggested strategy. By understanding the psychology behind it, you can shape how potential customers perceive your pricing. Or, when comparing your solution to a higher-priced competitor.

article thumbnail

Psychometric Assessments for Recruitment: A Complete Guide

SalesFuel

Predicts Job Performance According to research by the Society for Industrial and Organizational Psychology, cognitive ability tests show correlation to job success. By focusing on measurable competencies, organizations ensure fairer and more inclusive hiring practices. However, researchers note that the more job-specific the test, the better.

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

What Should Sellers Know About Sales Urgency?

SalesFuel

Counting on a psychological trigger to motivate your customer is pure faith. Discuss their Pain Points to Push Beyond a Strategy of Hope Simply hoping your customer finds motivation will not work. Think About Sales and the Fear of Missing Out What would be a strong enough prompt to get your customer to move?

article thumbnail

The Psychology Behind Unexpected Rewards

Sales and Marketing Management

Let’s take a closer look into the psychology behind the element of surprise and how it can be used as part of a larger sales incentive strategy. When it comes to sales incentive strategy, rewards are given for behavior that goes above and beyond basic job requirements. Defining the unexpected reward.

article thumbnail

On the Psychological Continuum

Animal Person

There is no philosophical continuum, but there is a psychological continuum, as evidenced by everyone at the workshop taking steps back or forward, denoting their increase in animal use (including no meat to meat, or backsliding, like I did a decade ago), or their decrease (such as when vegetarians go vegan). How about this?

article thumbnail

Best Sales Strategies Don't Include Covert Manipulation

SalesFuel

Similarly, manipulating a person’s opinion can be rationalized if it serves our best sales strategies to further our purpose. The Best Sales Strategies Do Not Require Rationalization “People who are covert manipulators don’t always recognize what they are doing.” It’s often a matter of degrees as to how much manipulation is too much.

article thumbnail

Does Your B2B Closing Technique Include This Strategy?

SalesFuel

Share Your Strategy. A previous SalesFuel post advised sellers to share their closing strategy at the first meeting. Matt Dixon, this time writing for Harvard Business Review , speaks to a psychological effect called omission bias. Therefore, doing nothing may seem like their safer option.