Offering discounts, especially at quarter-end, trains buyers to delay purchasing in anticipation of better terms. Instead, frame discounts as a reward for committing to a specific timeline, which provides your business with valuable forecasting accuracy and gives the customer skin in the game.
When you easily concede on seemingly small items like payment terms, you inadvertently tell the customer that your pricing isn't firm. This encourages them to push for more discounts, slowing down the deal. Instead, trade every concession for something of value to your business.
Frame every negotiation around four core business drivers. Offer discounts not as concessions, but as payments for the customer giving you something valuable: more volume, faster cash payments, a longer contract commitment, or a predictable closing date. This shifts the conversation from haggling to a structured, collaborative process.
Instead of offering direct discounts, which can devalue products, consider a double or triple loyalty point event. This strategy incentivizes customers to spend more to earn future rewards, effectively driving sales while encouraging repeat visits and fostering long-term loyalty. It costs little while giving customers a strong incentive.
Instead of offering a fake, expiring discount to create urgency, frame it as a payment for predictability. Tell the prospect you will pay them a discount in exchange for mutually aligning on a specific close date, which helps you forecast accurately. This turns a sales tactic into a valuable business exchange.
Create extreme urgency by offering a high discount for a very short window (e.g., 30 minutes), then progressively lower discounts for subsequent time blocks. This gamified approach forces immediate purchase decisions by making customers feel they will lose out on the best deal if they wait.
If your buyers consistently wait until the end of the quarter, it's not just your strategy. Large software companies have conditioned the entire market to expect a discount for holding out, creating a systemic purchasing behavior that affects your deal velocity regardless of your own pricing policy.
Constantly discounting your main product trains customers to wait for sales and devalues your brand. Instead, splinter off a small component of your core offer and discount that piece heavily. This acquires customers and builds trust without cannibalizing the perceived value of your full-priced core offer.
If a customer asks to push a signed deal past an agreed-upon deadline, don't say yes or no. Saying "I don't know if we can hold the price" creates productive uncertainty. This forces them to weigh the risk of losing their discount against the inconvenience of finding a way to sign on time, often leading them to solve the problem themselves.
Discounts are effective for closing customers who are already trying to solve a problem. But applying these tactics to prospects without genuine pull manufactures a bad deal, leading to poor implementation and churn. It's a tool for execution, not demand creation.
Urgency isn't about deadlines or discounts. It's the critical point where a customer realizes that the risk of maintaining the status quo is greater than the risk of adopting your solution. A strong ROI case that highlights the cost of inaction is the key to creating this realization and closing the deal.