Let's Negotiate: Negotiating Stumbling Blocks
What are some of the most common stumbling blocks encountered when negotiating contracts on your clients behalf? When you are negotiating with them for their business?
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Emotions
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Unskilled negotiators
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Passive negotiators
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Inflated ego
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Poor listening skills
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Ignoring non-verbal clues
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Focusing on differences
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Undefined / unrealistic goals
Now that we have listed a few stumbling blocks let's brainstorm solutions to overcome them and put the deal together.
- Solutions for inflated egos: Use the Win/Win style of negotiating Don't win the battle only to lose the war. We live in the community in which we work.
- Solutions for unskilled negotiators: Re-define the rules of negotiating. Restate goals and timetable/ Sellers want to sell and buyers want to buy. Our job is to bring both parties together.
- Solutions for passive negotiators: It's not about things. It's about people. It takes time and effort. Not all people are motivated by money.
- Solutions for emotions: Maintain objectivity. A professional is always in control. "No" can be a starting point rather than a roadblock.
- Dealing with poor listeners: Paraphrase the other party's position. Ask ..."How do you feel about . . .?"
- Detecting non-verbal clues: Face to face is most effective. Watch body language
- Focusing on differences: Create momentum by emphasizing common points of agreement. "Great! We agree on . . . "
- Undefined/Unrealistic goals: Know the difference between a realistic buyer and realistic seller and know when to say, "You're Fired!" I can choose to work with Realistic or Unrealistic clients. I only get paid when the deal goes together.
Please share your favorite negotiating tip with the ActiveRain community . . .What helps you get the deal together?
See: Let's Negotiate . . . "No"... "Don't You Understand NO?"
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