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Negotiating For What You Want - 10 Tips to Make That Happen
Great
negotiators make the other party feel meeting their terms is in
the other's best interest or at least it is the only sensible
way to do things. You are not only trying to get what you want,
you are helping the other party see how they will also benefit.
To be convincing, back up your convictions with plenty of
evidence and selling points. Are you asking for a raise,
negotiating a contract, closing a sale, trying to win your point
in a meeting? Language and timing are key. Here are 10 tips on
negotiating for what you really want.
1.
Clarify What You Want
Whether you
are negotiating your salary or the terms of a team project, know
what your goals and objectives are. You will be in a better
position to know where there is room to compromise.
2. Value
Yourself
Know what
you have to offer, the value of your project, your skills,
accomplishments, and how you can contribute. Having doubts? Is
it time for a pep talk or time to pep up your skills?
3. Be
Strategic
Always
schedule a good time to talk. There is a saying, "strike while
the iron is cold." Do not approach a negotiation when you are
rushed or upset.
4. Be
Prepared
Write down
and practice what you want to say. Try using bullet points.
Practice over and over if necessary. Role-play with a trusted
associate. Practicing makes the words more readily accessible to
your consciousness and will give your more confidence.
5.
Anticipate Objections
Consider
both sides of the situation in advance and validate the other
party's concerns when they are presented. Establish how your
ideas may be a solution to their concerns. How does an increase
in your budget, for example, save time and money in the long
run?
6. Seek
to Understand
If you have
established beforehand what you really want, you are in a better
position to listen for what others want. Ask questions and
listen to voiced concerns. This will help you establish what the
gap is and where there is room to negotiate a compromise.
7. Use
Silence to Your Advantage
Do not jump
into a pool of silence. Tolerating silences gives the other
party the chance to say more. This will help you understand more
of the issues and concerns.
8. Know
Your "BATNA"
Establish
your "Best Alternative To a Negotiated Agreement." This is VERY
important! Know what your other options are. What is your 'walk
away' price, for example? What are the pros and cons? And what
do you know about the other party's BATNA?
9. Pace
Yourself
While you
may wish to get the negotiation over with, be willing to live
with some degree of ambiguity and uncertainty. Do not be
pressured into reaching a decision if you are not ready or need
more information. Instead, establish a timetable for your
response or continuation of the discussion.
10. Go
for Win-Win
In the end,
the best deal works for everyone. Demonstrate with examples how
your goals or ideas will benefit your boss, your team, or
enhance productivity. Do not feel you have to win on every
issue. Go for what is most important, and concede on smaller
points. Everyone has something different at stake.
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© 2010 Marian Morgan. All Rights Reserved.
These 10 Tips are excerpted from "82 Tips for Thriving in
the Workplace" - Tips for Work and Life by Marian Morgan. To
receive a no-fee PDF copy of the complete tips booklet click
82Tips.
For more tools and tips please visit
http://marianmorgan.com
About the Author: Marian Morgan runs Marian Morgan Life &
Business Coaching and "ThatGreatIdea!" Her coaching and
workshop clients include executives, business owners, people
in transition, Fortune 500 companies, nonprofits, and
organizations within the community.
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