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Overcome the Myths of Negotiation for a
Positive Selling Experience
By John Patrick Dolan
October 2005
Wouldn't
it be great if every client agreed to all the terms of a sale, no questions
asked and no negotiation required? Although
most people answer "yes" to this question, any salesperson knows that
negotiating a sale is never that easy. Although
negotiation is one of the most commonly practiced functions of communication, it
is often the least understood.
Because
most people don't understand the dynamics of negotiation, they may get nervous
or apprehensive about the process. Even
professional salespeople get sweaty palms and anxious stomachs before sitting
down at the bargaining table. The
trouble resides in all the myths associated with negotiation.
Regardless of what you're selling, you can make the inevitable sales
process more productive when you understand and overcome the following seven
myths of negotiation:
Myth 1: In order to be a successful
negotiator, you must be a difficult customer.
Mythbuster: This
statement is false. In fact, most
people become difficult in sales situations because they are poor negotiators
and must resort to ruthlessness to get what they want.
In reality, effective negotiation has a great deal to do with the
attitude you bring to the table. If
you approach negotiation as a win-or-lose battle, then that's exactly what
you'll get: a battle. You'll
struggle against the other party, waste time and energy defending positions, and
resort to sneaking things past your counterparts.
Then when it's all said and done, you'll probably come away with less
than if you'd have treated the negotiation as an opportunity for everyone
involved to profit.
Myth 2: Negotiating is synonymous with
fighting.
Mythbuster: Fights
generally break out when people can't negotiate effectively.
When you understand effective negotiation, you can actually head off
misunderstandings and conflicts that may arise.
You'll know how to settle issues with customers without fighting.
In many cases, you'll be able to mediate conflicts, misunderstandings,
or stalemates between other people and groups.
Myth 3: Negotiating is a talent reserved
for shrewd businesspeople, experienced diplomats, and precocious children.
Mythbuster: Anyone
can learn to negotiate effectively. Most
salespeople don't consider themselves professional negotiators.
Many equate professional negotiators with hard-charging corporate raiders
launching takeovers on other businesses, diplomats meeting to discuss the fates
of nations, or lawyers settling million-dollar lawsuits.
The
truth is, every person on the planet is a negotiator.
Many times, they don't even realize it.
When you take time to learn the art of effective negotiation, you
actually can get more of what you want. You
can forge better and more productive relationships with your clients and all the
people around you in other areas of life.
Myth 4: When you sit down at the
bargaining table, you must abandon all ethics to get what you want.
Mythbuster: Getting
what you want doesn't mean stealing it from others.
By understanding negotiation, you can prevent being conned into things
you don't want to do or getting less than you deserve.
Consider negotiating for a new sales position.
The terms you agree on with the new employer will obviously affect your
time with that particular company as well as your time with future employers.
The compensation package from one company will set the pattern for the
level of income you can command when negotiating with other companies.
It's not unusual for the difference in two people's earnings to be
more affected by their individual negotiating abilities than by their experience
or talents.
Myth 5: You must have the upper hand to
negotiate effectively.
Mythbuster: If
you think that negotiation involves one group trying to beat the other out of a
good deal, then you have an inaccurate perception of the process.
Actually, the weaker your position the better your negotiating skills
must be, because you can save a huge amount of money.
For example, suppose you're negotiating the price of a new computer
system for your company. The person
selling the system knows your current system is outdated and that you must make
a purchase immediately to stay competitive.
If you can bring the price down $15,000 from what the seller asks,
you'll save much more than the upfront cost.
By the time you add interest on a five-year financing plan, you'll have
quite a savings that's well worth the negotiating effort.
Myth 6: Negotiating is a time
time-wasting activity that only clogs the wheels of progress.
Mythbuster:
When
done right, negotiating is an enormous timesaver because it makes everyone work
together to find solutions. Rather
than struggling through a one-sided sale, it is much easier when both parties
understand how to negotiate and actively participate in the process to produce
the best results possible for everyone. Plus,
enlisting others can help fulfill your plans and dreams.
Myth 7: Negotiating is always a formal
process with clearly defined parameters and procedures.
Mythbuster: Negotiating
is the sum and substance of all human give and take.
That's right; negotiation actually takes many different forms that you
may not normally consider. For
example, if you and your spouse are deciding who's going to prepare dinner and
who's going to clean up the dirty dishes, then you're negotiating.
Or maybe you're haggling over the price of an item at a garage sale
with the seller; this is also a negotiating process.
Chances are you negotiate much more frequently than you think.
In fact, any time you're making a deal or working out any kind of
agreement with anyone, you're negotiating.
If you're conducting these daily negotiations effectively, you'll
reach agreements that satisfy both parties.
You can actually improve your professionalism in dealing with all types
of people by applying some of the negotiation skills you practice without
realizing it.
Busting the Myths of Negotiation: Human
beings negotiate constantly, so it's vital to get beyond the negative thoughts
that cause us to ask for less than we deserve.
The art of negotiation requires more than just trading off with others to
get the things you want. Negotiating
is a process of understanding people and discovering ways you can work together
to produce positive results for everyone involved.
When
you understand the myths surrounding the negotiation process and overcome them,
you will reap greater benefits from your negotiations.
Most importantly, you'll come away from every sale completely satisfied
with yourself and confident that the other party feels a similar satisfaction.
John Patrick Dolan is a convention
presenter, member of the National Speakers Association Speakers Hall of Fame,
and author of the best selling book "Negotiate Like the Pros."
He can be reached at 888-830-2620 or negotiatelikethepros.jpd@gte.net.
Visit www.negotiatelikethepros.com
for more information.
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