ient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws...
You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation?
PSA Public Service Announcement Strategies for Non-Profit Fundraising EventsOne of the best ways to advertise and tell people about your nonprofit fundraiser event is to get the local radio station to play public service announcements for you. Perhaps you may not realize this but radio stations are required by law to do so many commercials during the day that are public service announcements.Of course your group has to qualify as a nonprofit group otherwise they will not play them. Chances are you will not be able to pick the time of day that the public service announcements are played and there will be other nonprofit groups ahead of you in the schedule.Nevertheless, if a radio station plays your pu
In my 30 years doing negotiations at all levels, I realise that these three rules are really what matter for achieving great results in any type of negotiations. The wonderful thing about these three golden rules is that even unskilled negotiators can win big time using these rules. They are the ABC of negotiation.1) Aim Big 2) Be Patient 3) Concede Small
1) Aim Big
This is the realm of Aspiration, Arnold Toynbee once said: “It is a paradoxical but profoundly true and important principle of life that the most likely way to reach a goal is to be aiming not at that goal itself but at some more ambitious goal beyond it.”I visited an Antique shop with my wife the other day and we fancied a great looking Victorian coffee table that was in mint condition.
The price tag was £499 and my wife was dying to buy it, the sales man noticed her attachment to the table and naturally wouldn’t budge on the price.
I said to him very politely that I am very embarrassed by the situation and that all what I have in my pocket is £90 pounds and no credit cards.
the sales man was shocked but appreciated my “openness” with him and said “you couldn’t make it £200 pounds.. (notice the concession he made.. for next golden rule).
I took my wife aside to ask if she has any money on her while she knew what I was doing..
I went back to the sales man and said my wife has only £20 on her and offered him all what we have which is £110 in total…
to my surprise he accepted while my wife was pleasantly in shock.
Obviously I can give you hundreds of examples on this golden rule, but I hope you got the point.
Poor negotiators are shy to ask or to aspire for stunning results. Remember you can always ask and the worst that could happen is that you get a NO, but more often than not the other party will want to continue if he saw that you are “genuine” and “polite”.
Try this rule when you buy a new car. First decide which car, study the price, determine how much you will pay (planning) and then, take the money in cash with you on the last day of the month and show it to the sales man “humbly” explaining that this is all you have for this beautiful car.
Just make sure that what you are paying him is around 20% less than the asking price. I promise you, you will get the car you dreamt off all this time and at a great price.
2) Be Patient Have you heard of the expression "the 11Th hour?" And "All good things come to those who wait".In most negotiations big concessions happen in the last few hours regardless of how long the negotiation has taken.
The more you bring the sales man or the buyer to his deadline without you conceding too much (The next golden rule) the more concessions will be given at the end.
Being patient till the end is what differentiates "the boys from the men and the girls from the women."
Top negotiators with no exceptions are patient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws... things will change.
A Chinese proverb may be helpful here “if you wait patiently by the side of the river, the corpse of your enemy will pass you by”.
3) Concede small You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation?
Car Wash Industry Surveys and Reality CheckAs a self-proclaimed industry analyst spanning many sub-sectors of our economy I always find it fascinating to study Industry Surveys although I never seem to quite trust the data. Why you ask? Because it always seems that I will read one research paper or survey, which says one thing and another, which says something different.Occasionally, I will find that all the surveys say the same thing and at that point generally one would assume that such particular data is indeed correct right? Not necessarily and let me tell you why. Well if the data is a little bit different at least you know whoever was doing a survey or research actually
the other day and we fancied a great looking Victorian coffee table that was in mint condition.The price tag was £499 and my wife was dying to buy it, the sales man noticed her attachment to the table and naturally wouldn’t budge on the price.
I said to him very politely that I am very embarrassed by the situation and that all what I have in my pocket is £90 pounds and no credit cards.
the sales man was shocked but appreciated my “openness” with him and said “you couldn’t make it £200 pounds.. (notice the concession he made.. for next golden rule).
I took my wife aside to ask if she has any money on her while she knew what I was doing..
I went back to the sales man and said my wife has only £20 on her and offered him all what we have which is £110 in total…
to my surprise he accepted while my wife was pleasantly in shock.
Obviously I can give you hundreds of examples on this golden rule, but I hope you got the point.
Poor negotiators are shy to ask or to aspire for stunning results. Remember you can always ask and the worst that could happen is that you get a NO, but more often than not the other party will want to continue if he saw that you are “genuine” and “polite”.
Try this rule when you buy a new car. First decide which car, study the price, determine how much you will pay (planning) and then, take the money in cash with you on the last day of the month and show it to the sales man “humbly” explaining that this is all you have for this beautiful car.
Just make sure that what you are paying him is around 20% less than the asking price. I promise you, you will get the car you dreamt off all this time and at a great price.
2) Be Patient Have you heard of the expression "the 11Th hour?" And "All good things come to those who wait".In most negotiations big concessions happen in the last few hours regardless of how long the negotiation has taken.
The more you bring the sales man or the buyer to his deadline without you conceding too much (The next golden rule) the more concessions will be given at the end.
Being patient till the end is what differentiates "the boys from the men and the girls from the women."
Top negotiators with no exceptions are patient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws... things will change.
A Chinese proverb may be helpful here “if you wait patiently by the side of the river, the corpse of your enemy will pass you by”.
3) Concede small You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation?
Be Foolish More Often In EngineeringAs engineers and technical professionals we are all trained to be logical and rational and rely on proven facts in making decisions. The approach with engineers is to vigorously apply the blowtorch to any concept which is rather nebulous and stick to solid engineering design practise. However as Margot Cairnes, an Australian leadership strategist recently pointed out: ‘This often means being conventional, boring and underperforming (when creating solutions to difficult problems). In a changing world, creativity is essential, not only to keep pace with change but to be at the crest of the wave’.I am sure you have been in numerous eng
in total…to my surprise he accepted while my wife was pleasantly in shock.
Obviously I can give you hundreds of examples on this golden rule, but I hope you got the point.
Poor negotiators are shy to ask or to aspire for stunning results. Remember you can always ask and the worst that could happen is that you get a NO, but more often than not the other party will want to continue if he saw that you are “genuine” and “polite”.
Try this rule when you buy a new car. First decide which car, study the price, determine how much you will pay (planning) and then, take the money in cash with you on the last day of the month and show it to the sales man “humbly” explaining that this is all you have for this beautiful car.
Just make sure that what you are paying him is around 20% less than the asking price. I promise you, you will get the car you dreamt off all this time and at a great price.
2) Be Patient Have you heard of the expression "the 11Th hour?" And "All good things come to those who wait".In most negotiations big concessions happen in the last few hours regardless of how long the negotiation has taken.
The more you bring the sales man or the buyer to his deadline without you conceding too much (The next golden rule) the more concessions will be given at the end.
Being patient till the end is what differentiates "the boys from the men and the girls from the women."
Top negotiators with no exceptions are patient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws... things will change.
A Chinese proverb may be helpful here “if you wait patiently by the side of the river, the corpse of your enemy will pass you by”.
3) Concede small You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation?
Taking Advantage of Online Offers Without Giving Up Your Credit Card InfoMy wife works for the local BlockBuster video in town and they are supposed to get people to sign up for an online account but the problem is that a lot of people are afraid to sign up for these things because of fear of having to put their credit card info on the form. With the world coming online credit card fraud is on the increase. How are we able to take advantage of the savings from these online offers without having to give up our personal credit card information?Whenever I sign up for anything that says it is going to deduct from a credit card I get one of those prepaid credit cards and only put enough on the card to take car
re that what you are paying him is around 20% less than the asking price. I promise you, you will get the car you dreamt off all this time and at a great price.
2) Be Patient Have you heard of the expression "the 11Th hour?" And "All good things come to those who wait".In most negotiations big concessions happen in the last few hours regardless of how long the negotiation has taken.
The more you bring the sales man or the buyer to his deadline without you conceding too much (The next golden rule) the more concessions will be given at the end.
Being patient till the end is what differentiates "the boys from the men and the girls from the women."
Top negotiators with no exceptions are patient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws... things will change.
A Chinese proverb may be helpful here “if you wait patiently by the side of the river, the corpse of your enemy will pass you by”.
3) Concede small You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation?
Quit Tolerating CrybabiesI bet you have some employees, colleagues, family or friends who are crybabies.Definition: In our SPONTANEOUS OPTIMISM® book, we define a pessimist as someone who loves to do three things:
1. Complain
2. Blame
3. MoanThey are “Loser Magnets” – because they magnetically attract other pessimists and crybabies who love to complain, blame, and moan.In fact, they are “Emotional Vampires” who cherish every opportunity you give them to suck the good feelings right out of your skull.ADULT TANTRUMSIf you think about it, an adult who wallows in complaining, blaming and moaning is, in reality,
ient, they play on the changing circumstances that will favour them in the end. This is one of Nature’s most sacred laws... things will change.A Chinese proverb may be helpful here “if you wait patiently by the side of the river, the corpse of your enemy will pass you by”.
3) Concede small You need to negotiate with the Russians one day to understand this golden rule.The concession pattern tells a “patient” negotiator so much about his opponent's situation and negotiation style.
The salesman in the antique shop went from £499 to £200, he reduced the price by 60% in the first go.. Is there more concessions to come? You may ask... of course there is.
What about the sales man situation? You could safely assume that the article in question couldn’t have cost him more than third of what he is asking for and that my £90 offer was still making him little profit or he wouldn’t have continued the negotiation.
A reasonable return for him would in this case be 50% and hence my £110 offer was what he would be comfortable with albeit not a great deal for him.
If the sales man said from the outset that he couldn’t go less than £400 which is a reduction of 20% as the first concession... how much you think I could have settled this for?
The answer would be around £190. Why? Going by the “third cost rule” for his industry, the table would have cost him about £130, adding 50% makes around £190 pounds.
Do you get the point?
There you go, the ABC of negotiation: Aim Big, Be Patient, Concede small and good luck