Wednesday, September 5, 2012
3 Rules of negotiating power you need to know
Let your mind drift back to trading last sale that you were involved in. When we finally managed to negotiate an agreement, after all the PowerPoint slide show, all RFP responses, perhaps the product bake-off, which had more than hand - you or the other side of the table?
Because the field of power
The upper hand in any negotiation is held by the party who has more power. In negotiations to sell, power is a slippery thing. It 'difficult to say what it is and has the same way, it is difficult to say how much of it across the table has. Despite all this, is a critical part of the process - "one who has more power in a deal likely will end up being more satisfied with the outcome."
What all this means you've got to get a better assessment of the situation: you have to know how to find out how much power you have and what the other side has.
Power Management: how do you
The sellers have long known that negotiation is a process of discovery of information. During this discovery process you learn what your sources of energy for this particular negotiation are. That said, there are three rules for negotiating that can help you learn more about food during a negotiation:
Rule # 1 - You have more power: The # 1 rule of managing power in a negotiation to sell is to let you know that you always have more power on your side than you think you do. Even if you think that they have no power at the beginning of a negotiation, then you are wrong - otherwise why the other side is negotiating with you Rule # 2 - Power is not real: it is necessary to understand that power is not real. Exists only in your mind, and so that's what you think it is. If you think you are powerful, then you are. If you do not think that is powerful, then it is not. Of course this means that you always need to imagine themselves as being powerful, no matter what the circumstances. Easy for me to say, difficult for you do.Rule # 3 - electricity flows: The level of power that we begin negotiations with the sale is not constant during the negotiations. The other side can make verbal blunders and revealing too much, they can make too many concessions, or do other things that increase our power in the negotiation. Similarly, if we are not careful we can give our power during the negotiation.
What does this mean for you
These three rules of negotiating are your ticket to success. At the end of the day, every time we enter into a negotiation that we are hoping that we come out feeling satisfied with what we have achieved - we have not given away too much and we got what we needed.
To get this kind of satisfaction we need to have enough energy on our side so we can get our way on those things that count.
Realizing that the power of negotiation is a state of mind and that we have control over how much of it we will allow us to use it best to close and close deals more quickly .......
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