An intricate look into
mind of
powerful negotiator. Learn how to prepare yourself before you hit
negotiating table so you walk in with all
knowledge necessary to gain
edge over your opponent. Psychology that you can take to
negotiating table, and how you can use these tools to achieve your internet goals.Negotiating, a key point of reference for any entrepreneur online and offline. In today's society negotiating successfully is a prerequisite to success for any business. Today we are going to cover what I believe to be
5 single most important aspects about preparing for negotiations.
1) Put yourself in
shoes of
other party.
Take
time to investigate
other parties point of view, this will help you to evaluate some of their objectives and may help to give you an advantage at
negotiating table. Role playing is
best way to gain an understanding of
other parties position, objectives and interests. This will also give you a chance to see yourself
way
other party will perceive you and your proposals.
2) Preparation of assembly. Finding out about
other party.
The key to successful negotiating is all in your prep work. You must take
time to find out as much as you can about
opposing party. Look closely into things like, how's business for them at this time? Are they struggling because of a new shop opening just across
road thats taking their business? What is their reason for selling? These same tecniques discussed here today can help you to no end with business proposals like joint venture marketing online as an example.
You may have to play detective for many reasons. The first thing any detective looks for in an investigation is a motive. This rule also applies for
effective art of negotiation. Although
situations will always change depending on what area you work in but
principles always stays
same. Negotiating is a contact point where two parties meet, both wanting to fulfil their pre-determined objectives in their chosen area of interest.
Some probing questions one might ask in order to identify
interests and objectives of
other party.
a) What would I wish to obtain from this situation if I were in
other parties shoes?
b) What would be some logical reasoning for wanting to obtain this?
c) What would be
best tactic for me to proceed on to obtain these objectives?
d) When would
best timimg be for me to setup
negotiation?
e) In which manner would be most beneficial for me to attack these negotiations? There are 3 main sources of negotiation. Conflict/Competitive Negotiations, Co-operative Negotiations, Problem Solving Negotiations.
Preparation is everything. If you want to succeed in becoming a top negotiator, if you walk into a negotiating situation with no points of reference, no bottom line decided upon, no strategy in which to implement and present your plan, then you will get literally torn to pieces by an experienced negotiator. Find out what arguments they may put to you, and have rebuttals prepared in advance. Learn to improvise as surprise is
name of
game, it seldomly runs according to plan when you meet stiff competition.
3) Different techniques of negotiation.
a) Conflict/Competitive Negotiations.