





Whether
we recognize it or not, all of us are participants in life's negotiation process. And, at
least to some degree, our success depends on how good we become at bargaining for what we
want.
According
to my Webster's dictionary, negotiate means "to bargain or discuss with a view to
reaching an agreement." The results of any negotiation are most desirable and
successful when both sides get what they want - a "win-win" negotiation.
Your
goal in negotiating should be to find win-win positions whenever possible. However, in the
real world it doesn't always work out that way. Sometimes only one side gets what they
want - a "win-lose" deal. Rarely, neither party gets what they desire. That, of
course, is a "lose-lose" situation.
Unfortunately,
becoming a great negotiator isn't as easy as reading this column or even a good book on
the subject. You develop negotiation skills in the same way you build other skills. First,
you must understand the rules and have a working knowledge of the process. Second, you
must practice to improve. The following tips and suggestions will help you get started.
Negotiation tips
- Understand that virtually everything is negotiable. The first step in becoming a
better negotiator is to look for opportunities to improve your business position by
negotiating. Then start practicing. You can ask, offer, counter offer and suggest
alternatives.
- The next step is to do your homework. In negotiating, knowledge is power. When
you know a lot about the deal, and understand the other side's position thoroughly, you
are more likely to get exactly what you want.
- Next, remember to aim high. It's not likely you'll ever be given more than you
ask for. So start high and come back down if you have to. You also need to know where to
stop. Establish a final position where you go no lower, or make no more concessions. This
is the point at which you walk away.
- Be prepared to walk away. When you know your final position and are willing to
walk away without a deal, you're in a strong position. Sometimes you lose the deal, but in
the long term you're a winner. Frequently, the other side will give some ground when they
see you're serious about walking away or saying no to a bad deal.
- Keep your cards close to your vest. Never let the other side know how important a
deal is to you. If you're buying a house and you let the owner know "this is the
perfect house," be prepared to pay full price or expect very little downward
negotiation.
- Smile and say no until your tongue bleeds. This is a great line from Harvey
MacKay's book Swim With the Sharks. There are two important points. First, smile and be
courteous when you negotiate. Developing an adversarial attitude will weaken your
position. Second, learn to say no and mean it. If a position or request is unacceptable to
you, say no and keep on saying it. Be polite, but firm.
- Show the value of what you're proposing to the other side. If your offer is a
win-win offer, point out the benefits and advantages in the negotiation process. The other
folks may already be aware of the benefits, but you can't be sure. So show them how they
benefit.
In summary, the best negotiators find out what the other side wants or needs and then
finds a way to help them achieve it, while at the same time furthering their best
interests and accomplishing their own goals. You can often get exactly what you want by
helping others get what they want.