Being a great negotiator is no rocket science. There are simply a few set rules you have to follow if you wish to negotiate and hence convince anyone. This list has carefully been prepared keeping in mind the research data of several organizations. The five stages of negotiation include: See Also: The 5 Stages of Negotiation to Ease Out Your Life How to Bargain Like a Pro: Mastering the Five Stages of Negotiation 1. Prepare:
Think before you speak. Preparing for any negotiation can greatly increase the chance of the results being in your favor. Research all the relevant topics so when you state your case, you know exactly what you are saying. 2. Exchange of Information and Validation: This is the stage where both parties meet for the first time and exchange their information. You get to realize how the other party perceives the situation in comparison to you. Carefully jot down any and all points that you think are relevant. People like other people who listen. Building trust is key in this part of the negotiation cycle. 3. Bargain what you want: This is where all the give and take occurs. The other party might have certain demands that you cannot approve of and vice-versa. You need to have a balance of a flexible approach along with a firm one. Wherever you feel the need to insist more, make sure you put forward that feeling on the table. 4. Conclude findings: This is where the agreement finally shapes and therefore made. Both parties come to consensus hence the situation slowly starts dissolving. Both parties need to summarize whatever has been discussed and leave with a handshake. 5. Execution: The final stage is where whatever was discussed previously is executed. Make sure you have no intentions of backing out in the middle because then you might have to pay charges as per rules and laws of the state.
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