Hello Good Negotiators
Americans just have to get things done quickly. Instant this, drive through that, microwave now and high speed access capture our obsession with speed.
But when negotiating, the watch words are slow down.
When we slow down we can more effectively research, plan, strategize and frame our power language. But slowing is equally, if not more important for what it can do to our negotiating opponents.
Most specifically it provides our opponents with 'acceptance time'.
We all can appreciate that people need time to accept anything new, different or challenging. While parties enter negotiations hoping to get what they want quickly and easily, that's rarely possible for BOTH parties.
Sometimes parties make incorrect assumptions or have misconceptions. The high price desired by the seller or the low price hoped for by the buyer are not as easily obtained as they had anticipated. Getting frustrated, anxious or putting pressure on one's opponent to accept our proposal is just unrealistic and worse, counterproductive. Build in more acceptance time.
As a matter of fact, if your opponent does accept your proposal quickly, it's typically a sign that you're paying too much as a buyer or selling to cheaply as a seller.
Concessions take time. S-l-o-w down the bargaining, especially when you want someone to consider and even accept your (aggressive) proposal. Take a break. Step away. Indicate that you want to make a call, crunch some numbers or just ponder alone for a moment.
While you're doing that, your opponent will be adjusting his position, considering what could work and even getting acclimated to accepting less than they'd hoped for.
Good negotiators know how to slow down the process and provide their opponent with that much needed acceptance time. Factor this into your next encounter as you Keep Negotiating.
Negotiating Tip 114: Retreat Negotiations
March 29, 2019
Negotiating Tip 113: Activating Our Opponent
March 28, 2019
Negotiating Tip 112: Misconceptions
March 27, 2019