The Law Of Reciprocity: How Top Sellers Use Psychology To Win More - Deepstash
The Law Of Reciprocity: How Top Sellers Use Psychology To Win More

The Law Of Reciprocity: How Top Sellers Use Psychology To Win More

Curated from: gong.io

Ideas, facts & insights covering these topics:

6 ideas

·

590 reads

3

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

What is The Law of Reciprocity?

What is The Law of Reciprocity?

According to Robert Cialdini, people are obliged to give back to others in the form of a behavior, gift, or service that they have received first.

When used tactfully, appropriately, and in a non-cheesy manner, reciprocity makes it difficult to say no.

Also, the key to using the Principle of Reciprocity is to be the first to give and ensure that what you give is personalized and unexpected.

13

108 reads

Reciprocity Isn’t Guilt, Here’s How They’re Different

Reciprocity Isn’t Guilt, Here’s How They’re Different

Guilt is sending a follow-up email to a buyer and leading with, “I never heard back.” 

But here’s the thing: While this wording does tend to increase reply rates, it actually decreases meetings booked by 14%.

“Never heard back” makes your buyer feel guilty.

It’s the opposite of The Law of Reciprocity.

13

113 reads

Personalization matters!

Personalization matters!

When sending follow-up prospecting emails, it’s possible to send a valuable note while still being tight, compact, and straightforward. Even emails that are 150+ words (considered “long”) can be effective if it’s concise, well-crafted, packed with value (info that connects the prospect or their company to your offer, AND if the message is personalized, direct, and intentional in every sentence. 

13

93 reads

Send A Custom Video

Send your buyer a personalized, customized, one-off, just-for-them video. 

It takes extra time, effort, and additional research, but it's totally worth it.

even just having your prospect see you is powerful, not just because they see you in person, but … wait for it … because of the Law of Reciprocity

13

94 reads

Take The Burden

Burden: a duty, a responsibility, the bearing of a load, something oppressive or worrisome.

One of the worst things you can do as a sales rep is to ask your buyer to DO SOMETHING … to burden them.

Build your champion’s buying guide for them. Take the burden! Nobody pitches your product better than you, one of the company’s top sales reps, right? Unfortunately, if you let your champion give it a go, they will likely fall back on feature selling (dumping).

13

89 reads

Trigger An Unfair Exchange

Trigger An Unfair Exchange

The top-notch sellers delight buyers with the unexpected. 

Generally speaking, it’s unlikely you’ll be able to meet your buyer in person. BUT, you can still do something meaningful and unexpected.

COFFEE GIFT CARD!

13

93 reads

IDEAS CURATED BY

rogeconra

Production assistant at a radio station

Roger Conrad's ideas are part of this journey:

7 days with Seth Godin

Learn more about marketingandsales with this collection

How to develop a growth mindset

How to think creatively and outside the box

How to embrace change

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates