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Is it wise to make concessions when negotiating with customers?

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Question added by Muwaffaq NoufaL , Business Executive Manager , CBU Indu. &trade Co
Date Posted: 2017/03/17
Jiries Qandah
by Jiries Qandah , Sales and Business Development Manager , TrinityHT

YES but when its not conflict with the firm policies.

some times making concessions will come back with benefits to your company

Abdallah moursy
by Abdallah moursy , Co Founder , FREE HANDZ LLC.

Yes its very important thing that's can be make more binfet to our team and our management according to what we do about collected information and available soulutions that we can do it

Joe Seychell
by Joe Seychell , head of IT , Pinnacle Investment

Absolutely - In their eyes ( the cusotmer) it could be seen as bargaining and in some areas this could be the difference between closing a deal and loosing it. If they feel like they are levering extra value , they usually are and it will be of great significance and value to the cusotmer in the specific negotiation. Value is very important to any transaction.

 

  • To be seen to be making concessions in order to work with your cusotmer - improve the outcome of a service or delivery, or  to increase value of the transaction is of great significance in more ways than the obvious ways.

Ashraf Elsherif
by Ashraf Elsherif , Director of Project Management Office , Condor Electronics SPA

Yes it is wise as long as it will maintain the customer’s loyalty, and when it balances the interests of both your customer and your company, so It is up to your calculation.

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