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.
One would opt for competitive, confrontational approach when you are above all other things, primarily out to achieve your own objectives with a moderately blatant disregard for what your opponent wants to achieve out of negotiations. This is how most people view negotiation process, but interestingly enough this method appears to be less popular than you think. In my personal opinion is not always most productive approach. There are many variables that we cannot discuss indepth today that would influence ones decision to choose one negotiating technique over another, for instance how much power you believe you hold in negotiation process at hand or power of company or individual you are dealing with.