Balance Sheet Method

Definition

The balance sheet method is an approach used by salespeople to gain commitment from a buyer by asking the buyer to think of the pros and cons of various alternatives.[1]

It is often referred to as the Ben Franklin Method“My way is to divide half a sheet of paper by a line into two columns; writing over the one Pro and over the other Con. Then during three or four days’ consideration, I put down under the different heads short hints of the different motives, that at different time occur to me, for or against the measure. When I have thus got them altogether in one view, I endeavor to estimate their respective weights; and where I find two, one on each side, that seem equal, I strike them both out. If I judge some two reasons con equal to some three reasons pro, I strike out five; and thus proceeding, I find where the balance lies; and if after a day or two of further consideration, nothing new that is of importance occurs on either side, I come to a determination accordingly.” – Benjamin Franklin

 

References

  1. ^ American Marketing Association, AMA Dictionary.

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