In the world of negotiating, there’s one very important rule that everyone should abide by, as it has the potential to dramatically change the outcome: Never accept the first offer. Accepting the first offer can be detrimental in a number of ways. Not only will it cause you to question your decision, but it will […]
Read More »Identify Who the Real Decision-Maker Is and Deal with Them Directly
There are several tips and strategies for negotiating successfully, but among the most important is understanding who you are talking to and what their role is within the organization. A key part of the negotiation process is finding out early on if the person you are dealing with is the actual decision maker. You may […]
Read More »Recognize and Understand the Deal Dynamics
Negotiating is an important part of doing business and naturally we want to get the best deal for ourselves. Therefore, it is necessary to learn as much as you can about a deal before signing on the dotted line. Whether you are dealing with a lengthy purchase or lease agreement to nondisclosure or employment agreements, […]
Read More »Always Have a Plan B in Mind
As with all good negotiation preparation, you should always have a Plan B before walking into a meeting. It is common knowledge that you should plan in advance of any negotiations in order to get the result you want. Do you know the single most effective way to remove the other party’s power? It may […]
Read More »Keep All Negotiations Professional and Well-Mannered
Negotiations can be fraught with emotion. After all, both parties want to get what they want out of the deal while still walking away with a good relationship intact. Believe it or not, that kind of outcome is possible. So, how exactly do you drive a hard bargain while also remaining polite and well-mannered? How […]
Read More »Know When and Where You Can Compromise on a Deal
Every good negotiator understands the value of compromise. Compromise is a basic negotiation process in which parties will have to give something up in order to reach an agreement. In compromise situations, neither party gets everything they want, but both parties make concessions in order to find a solution that is acceptable to both. Compromise […]
Read More »How to Negotiate the Salary You Deserve
Searching for a job, interviewing, and getting the position is a stressful process, so it’s not surprising that many people are nervous about asking for more money once they have an offer in hand. The last thing they want is to jeopardize their offer. However, people who negotiate their salary typically increase their starting salary […]
Read More »Always Be Prepared for a Negotiation
It has been said that “failing to prepare is preparing to fail” and this saying certainly applies to negotiation. When it comes to negotiation, there is no guarantee that you will achieve your desired outcome, but not preparing is a recipe for failure. Although many people think of a negotiation as a win/lose proposition in […]
Read More »Do Your Homework and Be Prepared for Anything
There are several strategies and tips for negotiating and every negotiation is different. However, there is one rule that is helpful in any negotiation and it’s simple: Be prepared. According to negotiation expert, Marc Lockley, 70% of negotiation is preparation. If you are underprepared for a negotiation, the process can drag on with tempers flaring […]
Read More »Listen to the Opposing Party’s Issues and Point of View
When most people think about a negotiation, they probably imagine a group of people sitting around a table and arguing until one side finally gives in. However, there is a whole lot more to negotiation than talking. In fact, listening is one of the most overlooked, yet important parts of any negotiation. Active listening is […]
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