The Six Vital Skills Needed When Negotiating

In your everyday life, you may find that your negotiating skills are frequently being used and called upon. In order for you to do this effectively, you’ll need to have these six skills under your belt. These negotiating methods will help you to better understand the process more in depth, with hopes that whenever you decide to use these negotiating techniques, whether you’re negotiating your salary for a new job offer or requesting a pay raise from your current employer, you’ll get what you want.

Here are the six vital skills needed when negotiating:

1. Preparation. Preparation is the foundation to negotiating successfully. Keep in mind that, you could never be too overly prepared. When you undertake any negotiation, you’ll need to give special attention to these three areas: yourself, the other person, and the market.

To prepare for yourself means, knowing who you are and what you want out of life. And to do this, you’ll have to spend some time reflecting and planning. Once you have a clear plan and understanding of the direction you want to take, this will help to build up your confidence as you go into your negotiation. And because you’ve taken the time to examine what you want, it’s now time to go forward and learn about the other person involved in the negotiating process.

Because there is usually someone else involved when negotiating, you’ll have to do your homework and research what the other person is all about. Once you become familiar with the other person you’re speaking with during the negotiations, you’ll have the sense of comfort and ease as you begin negotiating.

The final part of your preparation stage is knowing the market. It’s extremely important that you are aware of and have some good background information on your market.

2. Set limitations and goals. Set your goals by writing down what you want to achieve from the negotiation. Then, once you have your goals put in place, it’s now time to put limitations on them. Putting limitations on your goals simply means asking yourself, at what point am I willing to walk away from the deal and close it somewhere else?

3. Listen. Learning to listen is one of the most important skills to have during your negotiations. Because the act of listening attentively will give you the opportunity to hear and receive some valuable information you need to make the right decisions when negotiating.

4. Communicate clearly. To communicate clearly, you’ll have to make sure that your body language, tone of voice, actions, and words all say the same thing and send the identical message. Here, it’s imperative that your actions and words line up with one another.

5. Take a break and pause for a moment. At any time, if you ever feel as though the negotiations are heating up, and you’re emotions are running high, it’s at this instant, you could take a break and pause for a moment. This moment of silence will probably help stop you from saying something you really did not mean during your negotiations.

6. Close the deal. Closing the deal is the end of the negotiating process, and it is where everything should come to a halt. It’s also where the two sides come together in mutual agreement.

So, the next time you have to go through your own negotiation process, keep these six vital skills needed when negotiating in mind.