bill garcia scan source communications 2011 north america partner conference
TRANSCRIPT
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Intellectual Property
All materials from this deck are confidential and for intended use only* and cannot be distributed outside this use without prior written consent of ScanSource.
* Copyright © 2011. All Rights Reserved. Unless expressly authorized in writing by the copyright owner, any copying, reproduction, exhibition, export, distribution or other use of this product or any part of it is strictly prohibited. External sources and external trademarks are the property of the referenced sources.
ScanSource, Inc. Confidential
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Bill GarciaCo-Founder
TableForce, Inc.
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Negotiate for SuccessThree Secrets that Protect Value
Copyright 2011TableForce, Ltd.
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Before anything, please …
Turn off the voice inside your head
Copyright 2011TableForce, Ltd.
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The Secrets – 3 Bs
• The Basics
• The Bargaining (The Loop®)
• The Buying Game
Copyright 2011TableForce, Ltd.
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The Basics
• Try
Copyright 2011TableForce, Ltd.
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The Basics
• Try
• Plan
Copyright 2011TableForce, Ltd.
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The Basics
• Try
• Plan
• Raise the Bar!
Copyright 2011TableForce, Ltd.
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The BasicsCopyright 2011TableForce, Ltd.
Raise the Bar! – What if …?• Your business lists a boat as a capital asset• The bank is telling you
“Sell it now, tomorrow we will take the boat and give you only $175,000 - nothing more.”
• You paid $260,000• You have listed the boat at $230,000• You have had only one offer and it collapsed at $215,000
What is the least you would accept?
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The BasicsCopyright 2011TableForce, Ltd.
…and the Buyer’s sheet reads as follows• You have just moved back to the lake • You are the Executive Vice President of a $1B firm• You have promised your spouse “by next month”• This boat is the only one in good repair• This boat is listed at $230,000• You have $240,000• $255,000 is the most you will spend
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The Basics
Raise the Bar!
Expectation Impacts Outcome
Copyright 2011TableForce, Ltd.
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The Bargaining (The Loop)Copyright 2011TableForce, Ltd.
• Never Give Without Getting
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The Bargaining (The Loop)Copyright 2011TableForce, Ltd.
• Never Give Without Getting
• When Saying “Yes”, Follow With “If”
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The Bargaining (The Loop)Copyright 2011TableForce, Ltd.
• Never Give Without Getting
• When Saying “Yes”, Follow With “If”
• When Saying “No”, Create The Loop
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Copyright 2011TableForce, Ltd.
YIELD SHIELD
Low Value• Willing to give• Willing to let go• Not important• The boss says
“OK”
High Value• Can NOT give• Must have• Can NOT let go• Boss says “Never”
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Copyright 2011TableForce, Ltd.
YIELD SHIELDNo, I can’t do this 1
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Copyright 2011TableForce, Ltd.
YIELD SHIELDNo, I can’t do this
But I can do this1
2
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Copyright 2011TableForce, Ltd.
YIELD SHIELDNo, I can’t do this
But I can do thisif you do this
1
2
3
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Copyright 2011TableForce, Ltd.
YIELD SHIELD
Yes, I will do this 1
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Copyright 2011TableForce, Ltd.
YIELD SHIELD
Yes, I will do thisif you do this
1
2
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Copyright 2011TableForce, Ltd.
YIELD SHIELDNo, I can’t do this
But I can do thisif you do this
Yes, I will do thisif you do this
1
2
3
1
2
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The Bargaining (The Loop)
Never Give Without Getting
Copyright 2011TableForce, Ltd.
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The Buying GameCopyright 2011TableForce, Ltd.
CUSTOMERS SAY: I was on my way to your
competitor when I thought I would talk to you.
They are cheaper, better and faster.
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The Buying GameCopyright 2011TableForce, Ltd.
CUSTOMERS SAY: I was on my way to your competitor when I thought I would talk to you. They are cheaper, better and faster.
DO YOU SAY?: Don’t talk to the competitor, I can “do better”.
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The Buying GameCopyright 2011TableForce, Ltd.
CUSTOMERS SAY: I was on my way to your competitor when I thought I would talk to you. They are cheaper, better and faster.
DO YOU SAY?: Don’t talk to the competitor, I can “do better.”
WOULDN’T IT BE NICE TO SAY: Then why are you talking to me?
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.• That would be rude.
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.• That would be rude.• Is this guy crazy!
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.• That would be rude.• Is this guy crazy!• OMG
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.• That would be rude.• Is this guy crazy!• OMG• I’d lose the customer forever.
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The Buying GameCopyright 2011TableForce, Ltd.
WHAT THE “VOICE” JUST SAID:
• But I could never talk to my customers like that.• That would be rude.• Is this guy crazy!• OMG• I’d lose the customer forever.• What is he thinking?
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The Buying GameCopyright 2011TableForce, Ltd.
BUT WHAT IF …
YOU KNEW YOU WEREALREADY SELECTED?
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The Buying GameCopyright 2011TableForce, Ltd.
You wouldCLOSE MORE DEALSandMAINTAIN HIGHER MARGINS
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The Buying GameCopyright 2011TableForce, Ltd.
RESEARCH CONFIRMS:
Sellers tell themselves:
If I negotiate well, I can get selected.
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The Buying GameCopyright 2011TableForce, Ltd.
RESEARCH ALSO CONFIRMS THAT:
In “complex sourcing decisions*” the buyer has selected the winning vendor:
• BEFORE any final negotiation.• Price is NOT the deciding factor.
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• delivery
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit • delivery
• training
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit • delivery
• training• warranty
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• delivery• training• warranty• set up
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• delivery• training• warranty• set up• install
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• delivery• training• warranty• set up• install• pay terms• • • •
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• •
• STUFF• • • • • •
• delivery• training• warranty• set up• install• pay terms• • • •
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The Buying GameCopyright 2011TableForce, Ltd.
Selected Contender Rabbit• •
• STUFF• • • • • •
• •
• STUFF• • • • • •
• delivery• training• warranty• set up• install• pay terms• • • •
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The Buying GameCopyright 2011TableForce, Ltd.
“complex sourcing decisions*”
What does that mean?
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The Buying GameCopyright 2011TableForce, Ltd.
How can I increase complexity to thedecision making process?
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The Buying GameCopyright 2011TableForce, Ltd.
How can I increase complexity to thedecision making process?
Differentiate - you will add value to yourself!
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The Buying GameCopyright 2011TableForce, Ltd.
• Provide more choices for the customer with “end-to-end” offerings and value added services.
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The Buying GameCopyright 2011TableForce, Ltd.
• Provide more choices for the customer with “end-to-end” offerings and value added services.• This leads to more customer and end
user decision makers being involved.
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The Buying GameCopyright 2011TableForce, Ltd.
• Provide more choices for the customer with “end-to-end” offerings and value added services.• This leads to more customer and end user
decision makers being involved.• This leads to more time invested in the
sourcing decision making process.
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The Buying GameCopyright 2011TableForce, Ltd.
In general, differentiators include:
Value-added services such as education andtraining, state-of-the-art logistics, financialservices, technical support, customconfiguration, professional assistance, marketingsupport, and e-commerce solutions.
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The Buying GameCopyright 2011TableForce, Ltd.
- LASTLY -RESEARCH ALSO CONFIRMS THAT
Once you differentiate yourself to add value,
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The Buying GameCopyright 2011TableForce, Ltd.
- LASTLY -RESEARCH ALSO CONFIRMS THAT
Once you differentiate yourself to add value, causing the sourcing decision to become more complex
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The Buying GameCopyright 2011TableForce, Ltd.
- LASTLY -RESEARCH ALSO CONFIRMS THAT
Once you differentiate yourself to add value, causing the sourcing decision to become more complex, the clues to whether or not you’ve been selected become more evident.
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The Buying GameCopyright 2011TableForce, Ltd.
We all must differentiate to add value to ourselves.
We will all close more deals at higher margins.
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Negotiate for SuccessCopyright 2011TableForce, Ltd.
Take Risks!
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Negotiate for SuccessThree Secrets that Protect Value
Copyright 2011TableForce, Ltd.
Thank you!Questions?
Presented by: Bill Garciawww.TableForce.com
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Where Do You Go From Here?Wednesday, October 5*name badges required for Distribution Center tour and Graceland
• Lunch and Solutions Expo 12:00 pm – 2:30 pm
Load Shuttles for Tour** 3:45 pm **
• Distribution Center Tour 4:15 pm – 5:45 pm
Load Shuttles to Graceland ** 5:45 pm **
• Graceland Reception 6:00 pm – 9:00 pm
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