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The Ins and Outs of Concluding Good Deals

By Nathan Brown T Subscribe to RSS | March 2nd 2012 | Views:

Making a good deal is not everyone’s cup of tea. To make a workable deal you need to be knowledgeable, confident and do it at the most opportune time. Deal making is a skill that needs to be honed and fine tuned. Before you become an expert expect to flounder a little here and there. It is all natural to the game called deal making. Whether it is ATT Uverse Deals that you are considering for ordering or deal for a pre-owned car take you homework a little more serious and you will have got one that will work to your favor. Making a deal needs lots of patience. So be prepared to expect the unexpected. Follow the rules below and you will never again you will have to regret any deal that you strike.

1.First you need to have a clear goal; well defined, rehearsed and tweaked finely. Have all the information you need about your adversaries; their background information, everything you think that will help you locate their weaknesses. The more you know about the better you will be placed to exploit. Do not be hesitant to tell your adversaries about what you know. That will even help you browbeat them into submission even before a deal comes for negotiation.

2.Don’t forget that you will have weaknesses in your defense. Make a list of weak points that you could possibly be confronted with. You could possibly be dealing with a powerful group, and if you do not see any possibilities of having an upper hand in the negotiation then taking a toned down side is best and hope that your opposite side will be a little gentle toward you. Likewise don’t use your ultimate weapon blatantly. Use them only if you have to. It always helps to be considerate.

3.Do not let the deal making opportunity sour by staging a walkout unless you foresee something profitable from the breakdown or if you were not inclined for a deal in the beginning. Don’t get too personal with those involved in the negotiation. Let every word you speak focus on your objectives. Remember that you chose the negotiation table to get something beneficial to you and not because you wanted to break something.

4.If you have something to offer in the deal keep it straight and let the other parties know about. Rather than part with it as a last resort. That will reduce the negotiation time and leave everyone happy at the end of the day. The rule is, don’t extract anything that you cannot possibly implement without causing injuries to others. That is one of the ways in which you can let them know about your magnanimity.

5.If you think that there is no way to have a favorable deal, then it is always best to admit that and work out a compromise. Buying peace can mean money and energy saved. It can leave a sense of fulfillment to both the sides, and can even possibly be the beginning of a newfound friendship and goodwill that will see you through rough time. Don’t forget the adage, “forgive and forget.”

6.Have a written contract made out and get the signatures so the party does not back track on their commitments. Some unethical negotiators can take up some flimsy issue as their rallying point and demand a fresh round of negotiation. Don’t fall a prey to such tactics. It is good to be magnanimous but being taken for a ride is not a sign of being a skillful negotiator. If your negotiations involve legal aspect to it, then keeping an attorney on your side of the table is very important.

Nathan Brown T - About Author:
Nathan Brown is an independent freelance writer and likes reading books and watching TV. Readers are welcome to learn more about ATT Uverse Dealswith no obligation whatsoever.

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