8 Negotiation Tips to Upgrade Your Skills for Making Deals

Sometimes, you might stumble upon the greatest opportunity in your life. Of course, you get excited about it, but then something happens. The two parts are unable to reach a consensus, and the opportunity is gone. Knowing how to negotiate is essential in business, as you have to know how to convince others of the great deals you can make. Pay attention to a few negotiation tips and become a master of deals.

Two people sitting at a desk negotiating

Image source: Pexels

The art of negotiation

Some might find negotiation an unknown territory and a great source of intimidation. As a result, they avoid this field, and many deals remain unexplored. These people think negotiation skills are something you are born with, and stay away from it on purpose.

The truth is a bit different. Negotiation skills are something you can acquire through learning. If you follow some simple negotiation tips, you should be able to persuade anyone into thinking your proposals are worth considering.

These negotiation tips are useful not only for striking deals of great monetary value. They can help you even if it’s about a salary or a collaboration that concerns your business. In some cases, they might prove useful in your everyday life as well.

Negotiation tips

1.      Do your research

Before starting negotiating for a deal or even making a proposal, it’s better to know the other person. Make sure you know about their needs, and can offer them something valuable. Explore their other options as well, as competition might come and snatch your opportunity away.

Knowing everything about the other is essential before starting any negotiation. This way, you’ll know how to act and which are your chances of success.

2.      Connect with the other

Your mindset before the negotiation usually does all the job. If you think you are going to argue and start a war, then this is what will happen. Therefore, it’s better to think everything will go smoothly and you will obtain that deal which brings advantages to both parts.

For this, it’s important to connect with the negotiator personally and emotionally. Meet them in person, and be as humane as possible. Language and gesture are important, so being as friendly as possible should be of great help.

3.      Ask for more

This is one of the essential negotiation tips people should always keep in mind. A lot of people limit themselves to asking as few as possible. They think that having more requirements will make the other person refuse any kind of deal with them.

That is a wrong conception. Once you come face to face and start the negotiations it means the other person is willing to offer you a chance. Therefore, if there’s something you want to ask, feel free to do it. Having more requests will allow you to play with them, and chances are you’ll actually get what you want.

4.      Share information

Convincing a person to accept your view means winning their trust. For this, you need to be honest and to share as much of your conceptions as possible. This way, it will be easier for them to understand you, so your desires will become a little more familiar.

Also, sharing details shows professionalism. In case you have documented your decision, they will see it, and you will look like a true negotiation artist. Therefore, details will bring trust in your desired outcome.

There’s one more thing to keep in mind. Make sure your disclosures will promote your goal instead of destroying it. Even so, it’s still better to be as honest and transparent as possible.

5.      Bring out what you can offer to the other party

A negotiation shouldn’t be beneficial only for a single part. In most cases, there are some things you can offer to the negotiator that won’t bring almost no difficulties to you. If these things are something that might interest them, don’t hesitate to offer these things in exchange for their services.

6.      Consider other goals that people might follow

If you’re still looking for something to offer to the other party, account for all the alternatives out there. The instinct would tell you that most companies run for financial gains. However, this might not always be the case. They might have plenty of other things they find valuable, and thinking only about the money might seem a bit superficial of you.

7.      Persevere

After a first negotiation attempt, you might not get the answer you have been looking for. This is not a tragedy, and might not even be a final answer. Therefore, do not give up after a rejection. Be patient, and develop your negotiations over a longer period of time. You don’t have to strike the ultimate deal after a single session of discussions.

8.      Avoid deadlines

For some, deadlines sound like a must. In fact, they aren’t helpful at all. Instead of helping the negotiations advance, all they do is put a lot of unnecessary pressure on one of the parts. The negotiations no longer look professional, and the part that is imposing the deadline looks much too desperate.

You don’t have to rush the negotiations. Your aim should be to connect to the other person and convince them of your ideas. If you will treat everything like a mere transaction, that person will lose the consideration they had for you.

Negotiation where three people are sitting down and another one is standing

Image source: Flickr

Summing up

These negotiation tips should motivate you to be more courageous when trying to strike a deal. You should always aim high, and believe that you can get what you are looking for. Being confident and honest will help you, and it will convince the other part to trust you.

If you are afraid of confrontations, then you need these negotiation tips. In fact, don’t look at it like a confrontation. Try to get close to the other person and to show them your view on the situation. If you treat everything as naturally as possible, you have all chances to come out successful.

Image source: Pixabay

Comments

comments

Add Comment

Stop punching the clock and start working the RIGHT way.