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Are you an effective negotiator?
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40-45:
Congratulations! You are an
excellent price negotiator. You fully understand getting an
advantageous price is a function of who knows what, when they know
it, and what it means, and you have developed the skills and
strategies you need to acquire this information.
Suggestions:
You might want to read
_________’s book on general negotiations, _____. and enroll in
a seminar, specifically one focused on best practrices, one that
will allow you to interact with other negotiations professionals.
35-40: Good!
You are a good price negotiator. You never assume a certain
number of dollars to the buyer is equal to the value of those same
dollars to the seller. You also understand
other side is not going to believe what
you say but will believe what they infer from what you say.
However, you’re probably not negotiating in a consistent,
systematic way.
Suggestions:
You have learned much by
doing but, to improve your success-ratio, you now need to
develop strategies related specifically to price negotiations.
Read books on general negotiations, such as _________, and enroll in
a seminar or workshop focused on price negotiations to keep
your skills sharp.
34 and below:
OK.
You
are an average price negotiator, better than many but not as good as
you could be. You know negotiating price is not
determined by your ability with words, logic, and charm but you have
yet to develop the materials and methodologies you’ll need to be a
truly effective negotiator. You may be under-confident or
over-confident, depending on your perception of the negotiation.
Your strategies are informal and ad hoc, rather than systematic.
Suggestions:
Spend more time preparing before you meet with the other side.
Write down what you know about your products or services, what you
know about your company’s formal terms and conditions of sale, as
well as what’s possible; write down what you know about the other
side. In negotiations resources, you’ll find materials
designed specifically to show you how to prepare for negotiations
and what kind of documentation you’ll need throughout the process.
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