This is second part of the series on Cialdini's weapons of influence
Episode Highlights
- Today we're talking commitment and consistency
- Generally spoken we humans tend to behave consistent with previous statements we made
- Ever saw a free trial for something? Consistency in high gear
- Let's take this example right away a little bit further:
- before you let your demand owners use a free trial of a software or something ask them the following:
- what will make this trial a success?
- what constitutes a failure?
- do we have objective criteria to measure if this is really trying out or have we already committed ourselves and hence limited our negotiation options
- before you let your demand owners use a free trial of a software or something ask them the following:
- also make sure, when ever you receive something that is claimed to be free, what you have to invest
- our colleagues time and effort that give a tool a test run are also valuable and should be considered as an investment
- Another - non business - example is poker
- Every played No Limit Texas Hold'em?
- Then you probably know how hard it becomes - aka to give up your cards and money - the more you have put in the pot
- Instead you invest more and more of your chips into the pot
- you want to stay consistent
- So how can we use this ourselves in our procurement practice?
- Make the other party commit
- Commit time, invite them to your office for locations so they invest in travel and accomodation
- this is one of the reasons I prefer to have important negotiations always in our offices
- besides the fact that it is our playground, they want to be consistent with their already made expenses and throw in more concessions to do so
- besides that it also offers a great opportunity for applying reciprocity, which we talked about yesterday
- Let me share a story with you, that comes from Cialdini's chapter about this influencing tool that we can also easily translate to a neat negotiation tactic
- Cialdini talks about a gentleman who goes shopping for business suits
- he keeps the sales people in the shop busy, let's them exactly measure sizes etc
- he uses their time commitment and then at the end asks: ok, so how many ties are you going to throw in for free?
- you could do this by having them clarify all the tech details first
- what material is your product made off?
- can you provide a Bill of Materials and lead me through it?
- how does it connect to our machine xyz
- once they have explained all in very much detail start the commercials negotiations
- frequently mention that they (not you!) have invested a lot of time already
- but don't say something like "you don't want this wasted..."
- just remind them constantly how much they have already invested
- they will want to be consistent with their previous investments (aka concessions)
- another idea would be to research the other parties public statements about their company
- something like "our customers success is the driver for our business"
- you then can use this in sentences like "as Supplier Company Inc is very customer focused, we as a customer would highly appreciate if you would honor our cash requirements by giving us this 90 days payment term"
- this sums up our episode about consistency and commitment, tomorrow we're going to talk about social proof and how you can use it in your negotiations
Resources
Leave a comment down below to win a free copy of Cialdini's masterpiece. Why should you get the free copy? Let me know (I have 3 copies to give away)
I love the idea of having people come to your for negotiations. Getting them to spend the money makes them even more motivated.
Hi Jake, thank you for the feedback. Absolutely. I think the important part is that we don’t make it “too obvious” (as in … you don’t want to loose all the costs you had so far..)
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First time listener. Great podcast! Lots of good information. Will be listening regularly now. Thanks!
Thank you for the kind words, Mike. Hope I can provide benefit 🙂
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