In this video we look at 10 powerful negotiation tips to help you out in your next negotiation.
1️⃣Clear objectives
2️⃣Do research
3️⃣Identify interests
4️⃣Establish BATNA
5️⃣Identify objections
6️⃣Define negotiation strategy
7️⃣Practice active listening
8️⃣Be flexible and adaptable
9️⃣Consider the bigger picture
1️⃣0️⃣Prioritise long term relationships
Here is an expanded overview of the key points from the video "10 Powerful Negotiation Tips" you can use to become a better negotiater :
Know your BATNA (Best Alternative to a Negotiated Agreement) - Evaluate the best course of action if negotiations fail so you know when to walk away.
Set your target price - Determine the optimal price/terms for you before starting so you have a goal.
Start higher/lower than your target - Anchor the negotiations around an extreme initial offer to make your target seem more reasonable.
Listen more than talk - Ask questions and let the other side reveal information rather than giving away too much.
Control the pace - Move slowly so you have time to think and don't get overwhelmed or make concessions too quickly.
Use silence - Being comfortable with silence can prompt the other side to provide more information to fill the void.
Trade concessions - Offer concessions in areas that matter less to you in order to gain in areas that matter more.
Be willing to walk away - Being prepared to walk away shifts leverage in your favour.
Review before accepting - Take time to review all aspects of a deal before agreeing so you don't miss key details.
Keep negotiating - Look for opportunities to gain even after agreeing to a deal.
The video emphasizes having a strategy, being an active listener, and maintaining control to negotiate effectively.
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