9. Negotiations How to Negotiating to winfrom a Position of Weakness The Roosevelt Campaign Photographers Reply: "Appreciate opportunity, but can only afford to pay $250”
17. Giving up when negotiation seems to have reached a deadlock
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19. Negotiations Anchoring – Example 1 – Wikipedia 1 – A poor college student sees that one of his favorite sites, Wikipedia.org, is seeking donations to keep its valuable sources available to the pubic for free. As an avid Wikipedia user, he wished to donate $10, as that was all he could afford. But from the time he got his credit card from his wallet to the time he made the donation he changed his mind and donated $20. …Why?
20. Negotiations Anchoring – Example 2 – Prison Sentence 2 –Sabine K and Peter F got to know each other at a party and started flirting passionately. They had a few glasses of wine together. At the end of the party, Peter offered to give Sabine a lift home. However, rather than taking her home, he took her to a forest and attempted to have sex with her. Sabine resisted but Peter eventually penetrated her, which Sabine experienced as rape. Eventually he took her back home.
21. Negotiations Anchoring – Example 2 – Prison Sentence 2 – 16 judges were provided with a recommended prison sentence for the defendant. Half were given a recommendation for a 12-month prison sentence, while the other half were given a 34-month sentence. Where the judge’s decision influenced? How?
22. Negotiations Tips – Walk Away Who wins in a negotiation? The one who is willing to walk away. Guess what? Be willing to walk away. Even if you are willing to pay the asking price, pretend like you can walk away. This technique is especially useful for people who don’t see themselves as hard line negotiators.
23. Negotiations Tips – Walk Away Next time you are negotiating with a business supplier, nicely tell the person: “Thanks for your help but the price you’re offering is beyond my budget” (or whatever reason you want to give). “But I’ll tell you what I’ll do. I’ll leave you my name and number and if you can do me a better deal, then give me a call and we can take it from there.” If that is the best price the salesperson can do then you probably will not get a phone call, in which case you can just go back the next day or so and buy the product. But if they can do you a better deal then they will call you. What is more, 9 times out of 10 you will not even have to come back. If the salesperson is able to do a better deal, they will usually offer it to you on the spot. It will probably be along the lines of, “alright let me try asking my manager again and see if we can do you a better deal”.
24. Negotiations Other Tips 1 – Prepare, Prepare, Prepare 2 – Pay attention to timing 3 – Leave behind your ego 4 – Ramp up your listening skills 5 – If you don’t ask, you don’t get 6 – Anticipate compromise 7 – Don’t absorb their problems 8 – Stick to your principles
25. Negotiations Discussion Questions: 1 – What other tips would you have for a new negotiator? 2 – When negotiation, how does ‘confidence’ affect outcomes? 3 – Who is the best negotiator you know? What do you think are the keys to their success? 4 – Have you ever agreed on terms you were not completely comfortable with? Why? What happened? 5 – Given the right opportunity, do you think you could be a kick-ass negotiator? Why or why not?