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Effective Negotiation: 5 Top Tips for Wheelin’ and Dealin’

<blockquote><p>The word negotiation is derived from the Latin words <em>negotiatus <&sol;em>and <em>negotiari<&sol;em>&comma; translating as &&num;8220&semi;to carry on business&period;&&num;8221&semi;<&sol;p><&sol;blockquote>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Really&comma; all effective negotiation is about making things happen and doing it in a way that can benefit your needs better&period; Yet&comma; there are a few less-known negotiation tips out there that can help you perform optimally&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In this guide&comma; we will run you through five top tips for wheelin&&num;8217&semi; and dealin&&num;8217&semi;&comma; as they say&period; Whether you&&num;8217&semi;re buying or <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;prepare-home-inspection-selling-house&sol;">selling a house<&sol;a>&comma; car&comma; asking for a pay raise&comma; or whatever else&comma; these negotiation techniques should stand you in good stead&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Reframe Feeling Nervous<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It&&num;8217&semi;s common for most people to get stressed&comma; nervous&comma; and feel anxiety in the build-up to a negotiation&period; And to show your nerves to anyone you&&num;8217&semi;re negotiating&comma; which may have negative consequences for you&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Yet&comma; being nervous and excited exert pretty much the same physical processes in your body&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With the stress you get when nervous or excited&comma; your heart starts being faster&comma; you <a href&equals;"https&colon;&sol;&sol;www&period;health&period;harvard&period;edu&sol;staying-healthy&sol;understanding-the-stress-response" target&equals;"&lowbar;blank" rel&equals;"noopener">release more cortisol<&sol;a>&comma; and you&&num;8217&semi;re ready for action&period; The only difference is the emotional framing of being nervous is seen as negative and excitement positive&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">So when you&&num;8217&semi;re nervous before a negotiation&comma; reframe it as excitement&excl; Switch your negative arousal to a positive one&comma; and it may even intimidate the person you&&num;8217&semi;re dealing with&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Silent Treatment<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Silence is an excellent tool for competent negotiators&period; Awkward silences generally occur when negotiating&comma; and your impulse to fill them might put you at a disadvantage&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">By speaking too quickly before you think&comma; you could agree to terms that you didn&&num;8217&semi;t want&period; It&&num;8217&semi;s more appropriate to let your counterpart get their message across and then pause to really soak in what they&&num;8217&semi;ve just said&period; You then have to construct your response too&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">If it takes you a little time where there&&num;8217&semi;s an uncomfortable period of silence&comma; so be it&period; In the end&comma; you&&num;8217&semi;re sending a message to your counterpart that your serious about the negotiation&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Plus&comma; the silence can be unnerving for the person you&&num;8217&semi;re negotiating with&comma; and they might offer you more than you&&num;8217&semi;re bargaining for in their hast&excl;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Ask for Advice<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It might seem contrary to good negotiation tactics&comma; but asking your counterpart for advice is a legit way to go&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">This methodology is said to work best&comma; though&comma; when you&&num;8217&semi;re negotiating with partners&comma; as it conveys that you are more competent&period; By asking advice&comma; you can flatter and ego-boost your counterpart and build better relations&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Though&comma; you should only really ask when you genuinely want advice&period; A good example of this is when you&&num;8217&semi;re looking for the <a href&equals;"https&colon;&sol;&sol;we-buy-houses-for-cash-in-chicago&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">best way to sell your home<&sol;a>&comma; especially if you&&num;8217&semi;re trying to make a quick sale&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Use Final-Offer Arbitration<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Final-offer Arbitration or FOA is when both sides agree to use an arbitrator&period; Each side makes a final and best offer&comma; and then the arbitrator is entrusted with choosing one of them&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">By agreeing to this method&comma; both sides are more likely to come up with reasonable offers&comma; as their incentive is to impress the chosen arbitrator&period; FOA is a suitable method when negotiations have ground to a halt with no progress being made&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Make a Draft Agreement<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A draft agreement is a good way of anchoring your point of view across to your counterpart&period; It has been said that the person who makes the first offer has an advantage&comma; and so drafting this agreement can work in your favor&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Another similar type of document you can use is a standard-form contract&comma; which you can prefer with your legal adviser before a meeting&period; Ultimately&comma; making the first move means you&&num;8217&semi;re in control of setting the foundations of your negotiations&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Learn Effective Negotiation<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">So we&&num;8217&semi;ve now looked at five tips that you can utilize to build on your persuasion skills in negotiations&period; Of course&comma; coming across as confident&comma; professional&comma; polite&comma; and clear are other critical things for you to be good at negotiating&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Thanks for reading&comma; and we hope you can use these tips for effective negotiation&period; To find out more helpful information&comma; please check out the rest of our blog&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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