"When people are ready to, they change. They never do it before then, and sometimes they die before the get around to it. You can't make them change if they don’t want to, just like when they do want to, you can't stop them."

~ Andy Warhol (American Artist 1928-1987) ~

Antique Shop Experience With A Telephone Salesman

I came across this great placard (below) inside an Antiques shop in an Essex village at the weekend…



I am here in Essex to conduct some sales coaching this week in a nearby town and I am combining a weekend away with the work aspect of my trip.

I am here in Essex to conduct some sales coaching this week in a nearby town and I am combining a weekend away with the work aspect of my trip.

The antique shop owner was able to tell me that the reason for this sign is the number of dealers she has visiting her. They typically go straight for the discount telling her "You have £75 on that item's ticket so how about 40?" She is fed up with it.

Her explanation is that much of what she sells is on commission for others and any discounts come off her part of the profit in her eyes. Because the nation is now programmed by TV to ask for discounts everywhere, this is why it happens. Antique shops bring this dilemma upon themselves is my opinion.

Part of her problem is having been seen on TV four times in two years for a particular Antiques show where she does give genuine discounts live for the show. The reason being it's a TV show and there would be no story if the hero presenter was not seen haggling in the shops. Her pay-off is the immense publicity being on National TV brings. But she doesn't want to extend her largesse in discounting to the general public in real life. I think it is a great sign, see below.

In your own businesses here you are telephone selling products and services you will get many, many buyers who haggle because they have been taught to or they only buy on price because they think that's all there is to it . Or worse, they want you to think that's all there is to it. Sometimes you offer a discount to a small buyer and then you still get the run around and no order. Heartbreaking stuff on the telephone. My advice is to stick to your guns and do not discount that first order.

Deliberately building in a discount margin is something many companies do when selling by phone do when selling by phone. My advice is not for them or that type of sale so take note if your company does that deliberately. It has its pluses and minuses but it's not in the scope of what I am saying here.

My advice is for companies and staff who have a large number of clients paying at a certain price and quite a few potential new clients attempting to chisel them down. The advice and the tip is to stick to your guns. Tell people straight up that you have X number of clients paying your price, whatever that is, and that these clients see your company as providing good value and good service at that price. If you have market leaders buying at that price mention that too. But then shut up. Shut up completely. That's my tip in this message…you have found it!!

Don't beg for the order and do not discount no matter what weasel tricks are played. As soon as you become a discounter your life changes and you are a soft touch for ever and ever. (That's a rough translation of an old Chinese proverb).

Finally I will give you the greatest quotation on discounting that I have read:

"It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you'll have enough to pay for something better." John Ruskin (1819-1900)

P.S. The postscript to this story is good. I spoke to this lady for fully ten minutes about this sign she had written and how much I liked it. Then I looked around the store and saw a seascape painting in a very good frame that I really liked. I carried on looking and noticed that she ran a tea garden as well at the back. It has been a quiet Sunday so I had a coffee and then she came out and showed me the extension to her garden which had a £1 charge for charity, so no problem with that and we chatted away for a further 5-10 minutes until she was called away. I returned to the shop and took the picture from the wall and eventually she came over to me. What had been marked up as a £35 picture ended up wrapped up very well and placed in a good carrying bag for £25. That's a 30% discount! So, never believe what you read on a sign! I did not say a word. I promise you all. I just looked at the picture and she looked at the picture…she looked at the price tag and started talking, and talking and talked herself into offering me the picture at the price above. It was interesting and, of course, would not work every time even if you planned it. I am just quite used to shutting up to get a sale and also shutting up when being sold to. Saying less often brings you much more it seems.

The learning being: Give people what they want and be courteous when you are selling and be very complimentary where you can be and be courteous without being obsequious when buying. In selling, the way to get what you want is to give the buyer what he wants but at your price. In buying just shut up. That way....the seller gets what they think they want and you get what you want without always paying full price and without having to do any haggling. That last piece of advice takes a bit of mastering, but when you manage it on a Sunday afternoon you can go home and blog about it.

Advice there for being both a seller and a buyer!

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