Secret of Successful Negotiation

There was a time when I hesitated to negotiate because I was green. Now negotiation is “FUN” for me
because I know what I am doing. Now I believe “everything is negotiable”. But don’t be mistaken it is a
child game. You should learn the art of negotiation.

Here I will explore the Secret of successful negotiation which I have discovered over the years.

SET YOUR GOAL:

First you should know what you want to achieve. Like before starting your car you should know where
you want to end up.

EDUCATE YOUR SELF IN THE SUBJECT:

Always gather the basic information and Knowledge about the subject before commencing to
negotiations. You can not negotiate unless you are not willing to challenge the validity of the fact of
opponent.

ACT AS AN INNOCENT:

If you will start “I am new to this”, “I don’t know” “you have great knowledge”, “thanks for educating
me”. You will find opponent try to rush in to help you out. And he will reveal the fact and knowledge
which he wants to cover.

FOLLOW 70/30 RULE:

Listen 70 percent of the time and talk only 30 of time. When you listen carefully enough, you may
discover the true motives of opponent, and the rock bottom deal may get out form opponent mouth.

KNOW THE STATE OF MIND OF YOUR OPPONENT:

If you can read the mind of your opponent it means you hit the road. You should analysis how much
desperate opponent is for closing his deal? What pressure he is caring to close the deal? This will help
you to mold him according to your wish.

“NO” & “WHY” KEY OF NEGOTIATION:

Make the opponent impatient by asking for what he wants and then refusing to take “No” for an
answer. In this situation he will come up with new deal, now this is the time you should ask “why” I
should accept this deal. This will again compel him to give you the best deal.

DON’T OPEN YOUR CARD FIRST:

If you will purpose something for closing the deal it may possible you could not get the best form your
opponent.