This article shows you how to decline a business opportunity without damaging a relationship, destroying your reputation, and leaving the door open for future opportunities. do you remember that?, No problem _________, I also forget half the things I request info on. This blog post will teach you how to politely decline business offers such as sales proposals, quotations, bids, partnerships, vendors, and contracts. Mark's approach is deadly simple and effective. Starting your letter with thank you for your time/email/offer can ensure that the salesperson will be more understanding of your rejection. Eighteen New Ways to Handle Im Not Interested - Mr. Inside Similar to the example above, it's essential that you explain the reasons behind your decision. Just like interviewing an employee, if something feels off in your interactions with a potential new vendor, trust your instinct before you sign on Now that you know the components that go into a decline offer letter, its time to focus on how to deliver the blow. Check if there is an unsubscribe link at the bottom of the email. Being a software vendor myself (SAP Business One), I understand the concern about letting us down easy. If you arent interested in the callers services, try saying, I appreciate you reaching out to us, but we arent interested. 2023 COPYRIGHT - Mike Brooks - Mr. Burnout expert, coach, and host of FRIED: The Burnout Podcast Opens a new windowCait Donovan joined us to provide some clarity on what burnout is and isn't, why we miss Just communicate to the vendor representative that "based on input, management has made a decision to select a different vendor to meet the company's business objectives.". What did I do wrong?". If they get upset and refuse business, well, thats not someone I would want to deal with in the first place. Over a year later they went with the "big name" at a higher cost. Not so good, I assume. Ive learned over the last few years that if you develop a reputation for being helpful, an ever-growing number of requests will come your way.