Preparing For Your Next Negotiation
What do I have that the other party wants? For something important, I would take the time to actually write out my negotiation game plan so that I feel extremely confident going into the conversation.
5 Steps to Prepare for Negotiations
The Negotiating Destination Guide has been designed to take you from negotiating novice to practiced pro with scripts, strategies, and simple tips and tricks that will take the fear and angst out of negotiating everything from your cell phone bill to your next client contract. Click here to download it now. Tips to achieve the WorkFromWherever lifestyle. How to set up and shape your business to create freedom.
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Please keep me posted on new posts, trainings, and time-sensitive deals. Do Your Research Ahead of Time It absolutely pays to do your research before you ever begin negotiating.
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The researchers found that: Car repair shops offered higher prices to callers who overestimated the price of the repair. Gender differences disappeared when callers mentioned what they expected to pay—even if it was inaccurate—for the repair. Repair shops were more likely to offer a discount if asked to do so by a woman than by a man. Things you might want to research include: How is their business doing?
What is most important to them? Price, timing, customer retention, customer satisfaction, etc. What will you ask for? What will you offer?
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What does the other person want or need? How can you match your assets to their pain points? Prepare alternate options prior to negotiating to give yourself more power. Does it need to be? Will you lose the battle to win the war?
- 1. What do the people affected by negotiation really want??
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- 5 Necessary Steps To Prepare You For Any Negotiation.
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Will you compromise and meet in the middle or compete to the bitter end? Make sure to choose a style that best fits the circumstances. For more on this See: Do you want to maximize the short term value or work to establish a longer term collaboration that will grow value over time? Is your goal to steal market share at the expense of profit?
Make sure to know what you want going in, instead of settling for what you end up with.
A simple but often overlooked tool. Think of the real external opportunities and threats as the walk away positions on both sides. True power in any negotiation is having developed a good walk away alternative. Understanding this may not get you the deal you want, but it will prevent you from agreeing to a lousy deal.
5 Steps to Prepare for Negotiations -
In negotiations, information is power! This is your opportunity to get creative. Work with your team and put together a comprehensive list of options to consider in designing your deal. Armed with information from your pre-meeting questions, you are ready to start prioritizing your interests.
Wing your Tough Negotiation? 9 Steps to Preparation Success
What can you trade? What can you get in return? Start with your most important interests or goals first. Our Trading Plan is too complex to explain in this article. Email your agenda before, and print a copy for your meeting. Anyone who has ever been ganged up on knows the feeling. Same goes for preparation, co-opt a colleague or two.
Ensure that your negotiation team are clear on your negotiating strategy and roles.
Without it, you run the risk of contradicting each other at the negotiating table and losing the upper hand. Now that you have a clear process for preparation, how long should you invest into preparation? My rule of thumb is to invest at least three times the amount of time you expect to negotiate.