7 Ways to Negotiate a Lower Price on Anything

There are certain places where you’re almost expected to negotiate. No one goes into a car dealership expecting to pay the sticker price. Places like flea markets and rummage sales actually price things with the idea of negotiating built-in. But did you know you can negotiate a lower price on almost anything?

 

Read on to find out how. 

 

Figure Out the Details

 

When doing your homework, ask these four questions:

 

1) What’s the usual asking price?

2) Why is this person selling?

3) What is the seller cost? 

4) What are other people selling this for?

 

When you want to negotiate, having this kind of knowledge is power. Here’s where you find the vulnerabilities and figure out just how hard you can push. 

 

Make Them Speak First

 

When you’re ready to negotiate, don’t say anything until you get their asking price. It might be the figure in your head is higher than the number in theirs. Once you have this number, you now have something to work with as you make your counteroffer.

 

Bid Low…REALLY Low

 

Don’t look for the middle ground when making your counteroffer. Go much lower than you think you want to pay. The natural inclination is for the next person to make an offer by deciding a number between the two offered. By calculating this carefully, you’ll wind up paying either what you were hoping for, or if you’re fortunate, even less than you’d initially thought you would.

 

Figure Out the Limits

 

Did you do your homework? If so, you probably already have an idea on just how low the other person can go. They typically can’t drop below cost, no matter what. 

 

Shut Up

 

Consider using silence as a negotiation tool. When you don’t respond immediately to their offer, the other person will generally get a little nervous. They might start talking to fill up space. They also might begin making concessions. 

 

Add Some Add-Ons

 

Still not happy with the final price? See what else they can throw in for free to sweeten the deal. You’ll be amazed at the extras you can pick up.

 

Leave

 

No one wants to lose a sale. The moment you start heading for the door, the other person starts to worry. They might call you back to give you what you want after all. Use caution, however, as you have to mean it when you leave. There’s no going back once you employ this tactic.

 

Overall, it’s not hard to get what you want from someone else, provided you’re willing to stand your ground and play a little hardball. Keep in mind, though, this kind of negotiation should also be fun. Looking at things as a game will help you to keep your perspective and not take it personally if things don’t wind up going your way.

 

10 Expert Tips for Negotiating in Today’s Business Environment

The heart of business lies in negotiation. Whether you’re trying to close on a sale or get yourself included on a plush project that could make your career, knowing how to get people to listen to you is crucial to your success. 

 

How do you go about getting what you want? Read on for some expert tips for negotiating in today’s business environment.

 

Challenge the Status Quo

 

You start by being assertive. Remember, everything is open to negotiation. You need to step out in confidence and be able to express your needs, while never losing sight of the fact that you have the right to ask for anything. 

 

Listen

 

You’d be amazed how much more people are willing to go to bat for you if you only do them the courtesy of listening to what they have to say. More important, by letting the other person do the talking, you’ll find out everything you need to know to handle the negotiation. 

 

Research

 

Know what the other person needs before going in. Have settled in your own mind the value and worth of what you’re negotiating for. This information will help you to find the middle ground where agreement can be reached.

 

Walk Away

 

Be willing to end negotiations if things aren’t going well. Don’t be hammered into a deal you’re going to regret. Also, by terminating the negotiation, you show the other person what your values are worth.

 

Slow Down

 

There’s no need to rush. Take time to think through the options. 

 

Aim High

 

Oddly enough, you’ll have better success when you ask for something big. 

 

Know the Competition

 

Understanding what the other side needs will always work in your favor. Keep your focus there. How can you take advantage of their worries and frustrations?

 

Look for the Mutual Benefit

 

If you can find the solution that’s beneficial to the person you’re negotiating with, as well as yourself, you’re sure to have success. Find out how your resolution can best meet their needs, then be sure to point that out.

 

Remember the Give and Take

 

If you give up anything in the negotiation, make sure you’re getting something in return for it. The deal has to be fair on both sides, or it’s not worth taking.

 

Keep an Emotional Distance

 

Remember, success or failure is never about you. Nothing that happens in business should ever be personal.

 

By following these tips, you’re sure to experience success in whatever negotiation you face in the business world. 

 

The Dos and Don’ts of Negotiating a Raise

What’s the one thing you wish you could change about your work situation? 

 

If you’re like most people, ‘more money’ is probably right up there at the top of the list. In fact, only 19% of those employed feel like they’re getting paid what they’re worth. It’s no wonder getting a raise is often a person’s number one priority.

 

But with raises, there’s a right way and a wrong way of getting what you want. Let’s look at some of those Dos and Don’ts of negotiating to get that raise.

 

DO:

 

Keep a Record

 

A few months before you begin negotiations, begin recording your activities, making note of each “win” for the company. Document what you accomplished each week in a journal, along with any pertinent notes of who you worked with, what meetings you are attending, and what was completed. 

 

Know the Numbers

 

What is your job worth? If you don’t know, find out what the average numbers are, not just for your position but for the part of the country you live in as well. Having this information helps you to know what the target salary is for this discussion.

 

Understand the Company

 

Timing is everything. Know how the company is performing before you ask. Things not going well? You might still be able to pull off a raise if you can present to your employer ideas on how they can cut costs and increase revenue.

 

Consider Non-Monetary Rewards

 

It doesn’t have to be all about the cash. Think about other things you can ask for, like added days off, insurance benefits, or other perks.

 

Keep a Positive Outlook

 

Not everything is going to go your way. However, maintaining a good outlook and showing you’re still willing to work with the company to improve the situation for future talks goes a long way toward your next salary negotiation. 

 

DON’T:

 

Get Emotional

 

The last thing you want to do is to let things get personal. Emotions have no place in negotiations, especially so if things went wrong. Keep things professional at all times.

 

Complain

 

Starting with a laundry list of where you’ve been shorted and how things aren’t fair, isn’t going to get you anywhere. Keep to your accomplishments, not their shortcomings.

 

Compare

 

It doesn’t matter what kind of raise someone else in the company got. Bringing up how someone else is making more is only going to reflect poorly on you.

 

Brag

 

Showing off or trying to show how much better and smarter you are over anyone else sets the wrong tone and might even put your employer’s back up. 

 

Give an Ultimatum

 

Nothing backfires worse than giving someone an all or nothing decision. An ultimatum only invites them to say ‘no.’ 

 

In the end, this conversation is very much dependent on you and your attitude. Keep your cool, and with a little knowledge beforehand of how you want to handle the discussion, things will be sure to go better than expected. 

 

3 Reasons Why You Shouldn’t Be Scared to Negotiate Your Salary

There’ nothing quite so scary as the idea of negotiating salary for a new job. In fact, about 60% of the population will take the offer when it’s laid out on the table without question. This number goes even higher if the person being offered that salary is a woman.

 

Why do we hold back? What makes salary negotiation so terrifying?

 

You Think You’re Not Supposed to Do It

 

We’re raised with the belief that we shouldn’t ask for things. We’re taught it’s greedy or pushy. The reality of the situation is unless you’re being offered the most plum deal on the planet, you’re probably being undervalued. Companies are all about the bottom line, so it’s in their best interest to offer what they feel is the best deal they can get away with. In truth, they already have wiggle room built into the offer. They expectthere to be a negotiation.

 

You Think You’ll Come off as Arrogant

 

Nobody likes being thought of as being egotistical. On the other hand, there’s a big difference between someone who feels confident about their abilities and a prima donna. The difference comes in knowing where to draw the line. Showing you value your time and skills lets the potential employer know you feel sure of what you can do. As a result, they’re going to raise their expectations of you. If you were genuinely arrogant, you wouldn’t be asking for more—you’d go in expecting the world to fall over itself on your behalf.

 

You Think It Won’t Work Anyway

 

Again, we’re looking at faulty expectations. We tend to think the number offered is already as high as the employer will go. This is never the case. What’s more, the odds are with you. The majority of people who ask, actually do receive an increase in their salary, by several thousand. The national average? Good negotiators on average take home $5,000 more per year than they would have otherwise. With this in mind, why wouldn’t you ask? The worst-case scenario? The other person says ‘no.’ Nothing ventured, nothing gained.

 

Remember, good negotiation starts before you even attend the interview. Know what this potential job is worth. Research online to find out what a typical salary should be and take that information with you to the very first meeting. 

 

With so much potential positive outcome, it just makes sense to try. Never be afraid of standing up for yourself, especially when it comes to something as simple of this. The salary of your dreams is waiting for you.

 

7 Tips for Overcoming Your Fear of Negotiating Your Salary

It’s time for your annual review. Are you ready?

 

Even the bravest of us has issues when it comes time to talk salary. Negotiating takes a certain amount of courage, to begin with. It involves putting yourself out there and risking rejection. When you’re talking take-home pay, the whole idea of trying to talk your way to a better salary can be downright terrifying. 

 

Thankfully it doesn’t have to be that way. Read on to discover some tips on how to confront your fears and get the salary you deserve. 

 

Know Your Value

 

Before you even go into the meeting, you should have a clear idea of one crucial thing: What’s the average pay for people in your position? You can research comparable salaries online. Be sure to memorize those figures as they’ll be necessary.

 

Look at This as a Give and Take

 

The biggest mistake people make is in thinking they need to do all the talking. In truth, you’ll get a lot further by first listening to what the other person has to say. From there, it’s time for a conversation, where you each take turns speaking thoughtfully and respectfully.

 

Go Deep

 

Be careful about the questions you ask. They should never be things easily answered with a yes/no. Aim for open-ended questions, which will provide you with the information you need regarding how far you can take the negotiation.

 

Keep Things on a Friendly Level

 

This isn’t a combat situation. Be confident, respectful, and sure of yourself. Have some idea going in what’s important. For example, is this negotiation all about the money, or do you have other goals? No matter what’s at stake, keep things upbeat and reverent.

 

Expect ‘No’

 

Have a backup plan if things go south. Even if your boss won’t budge on salary, you still might be in a position to negotiate for something else, like benefits. A solid plan will keep you from floundering if the worst should happen.

 

Practice

 

Still nervous? Rehearse the conversation with a friend in a variety of scenarios.

 

Know When to Walk

 

In the end, it might be this isn’t the best fit. Rather than make concessions you’ll regret later, give yourself permission to leave if you feel you are being taken advantage of.

 

In the end, the key to any negotiation starts with self-assurance, both in yourself and your abilities. By taking time to think beforehand how you would like to go about negotiating for what you deserve, you’ll find you feel more ready to face the challenge, and more confident of the outcome even before you begin. 

 

5 Ways To Push Yourself Beyond Your Own Limits

Sometimes you are your own worst enemy, particularly when it comes to success. Our potential is unlimited, but you can’t coast on that. It’s imperative that you take steps to develop your skills and take action in order to succeed. You can’t sit around and wait for it to happen to you, you have to push yourself beyond your own limits. There’s also a difference between your existing skills, the ones you have yet to develop, and the limitations you’ve placed on yourself due to fear and uncertainty. Do you have the ability to recognize a genuine limitation? Here are five ways to get rid of those self-imposed boundaries and push yourself beyond your own limits.

 

1. Walk The Road Less Traveled

 

Sometimes, in order to truly find yourself, you have to first lose yourself a little. A great example of this is the British explorer and author Levison Wood. The former British Army Major is best known for his walking expeditions. He walked through six countries, along the Nile River, pushing his body through deserts and swamps, the topography constantly changing (https://www.bbc.com/news/uk-england-29062489). He pushed himself beyond his limits and in the process he educated himself. Wood could have made this same trip in a vehicle. That vehicle could have been fully stocked with all of the creature comforts he’d need to enjoy the adventure. What he was looking for was an experience, not a trip. 

 

The point is what he did was push the limits, he absolutely took the road less traveled. You don’t have to walk the length of the Nile River, but don’t be afraid to push yourself down the road less traveled. 

 

2. Embrace Failure

 

Failure is inevitable. It doesn’t matter how great you are at something, you will experience failure. Even the greatest athletes on the planet lose sometimes. American swimmer Michael Phelps didn’t win every gold medal that he competed for. Barcelona’s Lionel Messi has experienced major losses in both European and International competitions. Do you know what winners do? They dust themselves off and they go again. It’s the only way to push yourself beyond your limits. Or, you can give up and sulk about it. 

 

3. Take the Risk

 

Life is like a marathon, and in order to run the distance, you’re going to have to take some risks. Athletes push their bodies beyond their limits, you don’t have to do that. You do have to push yourself beyond your comfort zone, though. Think about it in terms of offense and defense. If you are facing a must-win game, are you going to set your team up to defend? Or, are you going to push to score? You might think a balance of the two is the best option, but sometimes you just have to take the risk. Forget comfort, embrace the pain and take a risk. 

 

4. Unleash the Beast

 

Desperation allows you to access part of yourself that you normally suppress. It makes sense when you think about how you step up when you’re suddenly under pressure. Your boss just moved the deadline forward and now you have to grind it out. Your beast is unleashed. You can tease your beast out by throwing yourself into challenges and adventures. When you get in touch with your inner beast, it’s easier to draw on it when you really need it. So, put yourself out there and go on an adventure that scares you. 

 

5. Remember There’s No Finish Line

 

When you achieve a goal, you’re not finished. That wasn’t the finish line. You just start a new race, there’s a new challenge. Like in a triathlon when you finish the swim, you’re not done, you have to hop on a bike, and after you finish that you need to run. Except in life, you keep going. Pushing yourself beyond your own limits is essentially an invitation for pain and failure. Failure isn’t the end of the world, though. It’s just a pit-stop in your long journey.