Happy May, money nerds — it's time for our next challenge. This month, we're bringing back a classic. We want you to flex your negotiation muscle and start haggling.
Tagged With haggling
It was my first meeting with a new potential client, and they tossed out a number. It was a good number, but I recently vowed to negotiate more. So I threw out a higher number, then held my breath through the awkward silence. I hate the anxiety-ridden, nerve-wracking process of negotiating, but here's why I've learned to embrace it despite the fact.
It's easy to think of negotiating as a confrontation, but thinking of it as "joint problem solving" may yield better results. This is also called Principled Negotiation, and it involves four main factors.
The bandwagon effect is the tendency to believe a decision is good for us just because it's a decision everyone else makes. When it comes to money, it's easy to jump on the bandwagon effect, especially when it comes to buying a car.
If you're looking for a raise, or looking for a new job and dread the question "So how much are you looking to make?", you're walking into a minefield that could either result in you making a good, fair wage, or getting underpaid from the start. Here are some things to avoid when it's time to talk turkey.
If you're going to buy a car, be prepared to haggle. And some strategies work better than others. In a recent survey, Consumer Reports summarised the negotiation methods that work best for getting a better deal on a used car
My Uncle Danny once helped me buy a new Corolla while I watched in awe. He was a relentless, negotiating beast. He threatened. He acted offended. He sat in silence and stared at the salesman. In the end, I paid nearly $5000 less than I expected. Negotiating is powerful. As a timid person, it's not something that comes easy for me, and it might not come easy for you. Here are some of the best ways to do it, even when you dread it.