Explain how you prepared for negotiations, actively listened to the client's needs, presented alternatives, and reached a mutually beneficial agreement that satisfied both parties.
Sample answer: "In a previous role, I had a client who expressed concerns about the pricing of our product. I scheduled a meeting with the client to address the issue and understand their specific needs and expectations. I actively listened to their concerns and empathized with their budget constraints. I researched industry benchmarks and competitors' pricing strategies to provide data-driven insights. With this information, I crafted a compelling proposal outlining our product's unique value and justifying the pricing structure. During the negotiation, I maintained a collaborative approach, seeking win-win solutions that addressed the client's budget limitations while highlighting the long-term benefits of our product. Ultimately, we reached a mutually beneficial agreement, and the client signed a contract. This experience enhanced my negotiation skills and reinforced the importance of understanding client perspectives to find common ground.".