Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Business: Keys To Negotiating Well


Whether it's buying a car, asking for a pay rise, saying 'no' to a friend or renting an apartment - at some stage in our lives we all are going to need to know how to negotiate. Yet, so few of us know the basic skills before embarking on life changing purchases or decisions! These 8 keys will assist you negotiate well.

1. Know the outcome you want.
Do you want a win-win outcome where both parties benefit? Or a win-lose outcome where someone (presumably the other party) is not happy with the result?

It is important you know what type of outcome you want because that will affect the long term relationship you have with the other party. Win-win outcomes are beneficial where you have an ongoing relationship. For example, when you negotiate a pay rise, you don't want your boss to feel he/she is the 'loser'. However, if you are buying a car from a car lot, you may not be so concerned about whether the car salesperson feels as though they 'won' in the negotiation!

2. Know your 'position'.
How important is this deal to you? How much do you need it? Could you walk away from the deal? What alternatives do you have? What is your "bottom line" and what (if anything) are you prepared to concede? You should not start negotiating until you have thought through and considered all of the consequences for all of the different outcomes that may eventuate.

3. Know your counterpart's 'position'.
Try to work out what is important to them in the deal. When you know that you have an advantage. Try not to reveal what is important to you! Keep a poker face and play your cards close to your chest.

4. Work out different scenarios ahead of time.
Being caught by surprise will NOT strengthen your position! Think through all the different possibilities which may eventuate and plan for each and every one of them. It is useful to brainstorm and write down on a piece of paper what could possibly happen. For example, if they said, "XYZ" - I would respond with, "ABC". This way you can be prepared for just about anything that may happen.

5. Know yourself.
Know your own weaknesses. If you are a more gentle personality your natural aversion to conflict may toss you into concessions that aren't necessary! If this is you, learn about yourself and take counter action. If you are overly stubborn and never give way to minor points, know this about yourself. Your stubbornness, holding out for 100% your own way, may cause you to lose a really great deal!

6. Back up your position with logic.
If you negotiate from a purely emotional position, emotion will sway you from your position. Fear of loss, sense of failure, conflict, pressure, sentiment! All can be applied to sway you from sticking to what you really want. When negotiating for a pay rise know what similar companies are paying for similar work. When placing an offer on a house substantiate your lower offer with the costs of repaving the driveway, renovating the bathroom, retiling the entrance?.or whatever you see needs doing. This is a much stronger position than plucking a number out of thin air!

7. Work out what you can concede.
Find something in the deal that for you will not be important but for your counterpart may be of significance. This will be like gold to you! A 'sweetener' can be what clinches the bargain in your favour. You will need to be poker faced and pretend this is a big deal to concede! Save this item for the final offer you make.

8. Have an exit strategy.
If everything goes against you, you will be saved by your contingency planning! If you don't feel in control, stop talking. Immediately!!! Make sure you are listening to the other person. If you are doing most of the talking the chances are you are doing most of the conceding. Offer to break the meeting and reconvene at another time when you have been able to consider what has already been put forward.

Skillful negotiation takes time and practice. Armed with these basic skills it doesn't matter how reticent you may feel towards negotiating an outcome you want! By applying these keys you will be well positioned to improve your negotiation skills and feel more empowered when approaching tricky situations.

© Kim Beardsmore

Kim is part of an international network of home business owners operating across 60 countries. We urgently require people to join our expanding international team. If you are interested in earning extra income around your current schedule, we would like to hear from you. We provide full training and ongoing support to ensure your success. Visit now: http://free2liv.com/?refid=neg-567887384


MORE RESOURCES:

Negotation Skills - Google News

Money 101: How To Negotiate Anything - The Frisky (blog)


The Frisky (blog)

Money 101: How To Negotiate Anything
The Frisky (blog)
Jim Camp, negotiation skills trainer and coach, and author of Start with No, offered this advice for the negotiating novice. ...

Senior Category Buyer - Supply Management


Senior Category Buyer
Supply Management
Excellent negotiation skills and a high degree of commercial accumen with the ability to understand complex commercial issues is essential. ...

Media Planner/Buyer – $50k – $60k – Melbourne – Sydney CBD - MuMbrella


Media Planner/Buyer – $50k – $60k – Melbourne – Sydney CBD
MuMbrella
If you enjoy identifying new, innovative and relevant communication ideas, have strong negotiation skills, have excellent time management and communication ...

and more »

Road to The Lodge - ABC Online


CBC.ca

Road to The Lodge
ABC Online
Long regarded as having strong negotiation skills, Julia Gillard has been able to win enough support to form a minority government. ...
Gillard deserves credit if Labor winsSydney Morning Herald
Brave new worldFinancial Times
Labor's Warring FactionsLondon Review of Books (subscription) (blog)
The Age -Asian Tribune
all 4,109 news articles »

Local educator attends international leadership seminar - The Free Lance-Star


The Free Lance-Star

Local educator attends international leadership seminar
The Free Lance-Star
... conflict resolution, effective decision-making, advocacy, negotiation skills, grant writing and fundraising, thinking on your feet, and wellness. ...

and more »

Four democrats vying for Menard's Senate seat - South Coast Today


Four democrats vying for Menard's Senate seat
South Coast Today
He said he would bring communication and negotiation skills to the job and strengthen the communication between the local, state and federal governments. ...

and more »

Supervisory management courses set at Warren County Community College - Warren Reporter


Supervisory management courses set at Warren County Community College
Warren Reporter
... and Managing Change, Cultivate Internal Customer Service, Negotiation Skills for Win-Win Solutions, and Conflict Management and Problem Solving. ...

Top 8 Ways To Get Your Resume Thrown Out - San Francisco Chronicle


Top 8 Ways To Get Your Resume Thrown Out
San Francisco Chronicle
... or unprofessional stories - that time you talked your way out of a ticket for being drunk in public is not a good example of your negotiation skills. ...

What CIOs Look for in an Enterprise Architect - Computerworld


What CIOs Look for in an Enterprise Architect
Computerworld
"It's a unique personality-negotiation skills as well as technical skills," says John Ericksen, chief operating officer and leader of ...

and more »

Consumer Site DiscountVouchers.co.uk Offers Top 10 Tips to Negotiating the ... - International Business Times (press release)


Consumer Site DiscountVouchers.co.uk Offers Top 10 Tips to Negotiating the ...
International Business Times (press release)
Getting hold of some new negotiation skills is a good way of improving their haggling over price skills”. β€œIt's not a particularly British habit, ...
Money saving site offers launches top 10 tips to help UK shoppers get best priceJournalism.co.uk (press release)

all 11 news articles »

NewsScape Domain Is For Sale - $3,500 For Enquiries eMail Us

© www.NewsScape.biz 2010

home | site map | links

 

eXTReMe Tracker