Archive for the ‘How to Negotiate’ Category

What you need right now

How to Negotiate | September 30, 2010

“Just a little patience” – Axl Rose (Well, Izzy Stradlin really, but who would remember it without Axl?)


Patience: The capacity to accept or tolerate delay, trouble or suffering without getting angry or upset


I get asked the following question a lot so I thought I’d answer it publicly.

“Dino, what is the one thing that a person must have if they want to be financially successful?” The answer?  Many things. But if I had to pick one, it would be patience.

A lack of patience puts you in a bad place, not just financially, but in everything you do. If you are not patient, you automatically and autonomically change your goals without even being aware of it.

Sure, you may think your goal is to negotiate a great price for yourself on a new purchase. But in truth, a lack of patience automatically turns your goal into “finishing the process quickly.” You may not recognize that. You may not feel it happening. But I can assure you that it is happening. Not only that. Each time you show a lack of patience in negotiation (or anything else), you are reinforcing one of the most damaging processes there is.

A lack of patience has become a universal affliction. We see it in government. We see it in business. We see it in communities and we see it in people. Usually, the only place that we don’t see it is in ourselves. The interesting thing is that other people see it clearly in you. Even when they don’t, they make an educated bet that you do not have patience. You don’t believe me?

Why do you think you have to push buttons and wait on hold to get “customer service”?

Why do you think the salesman at the car dealership asks you to wait while he “speaks with a manager”?  Why do you think he repeats that process each time anything new comes up?

Why does a realtor tell a buyer “this house won’t last” without mentioning how long it has already lasted?

You know why. Because they are playing the percentages with you. Because most likely it will work. And if it doesn’t? They’ll try again next time because eventually you will succumb to your lack of patience. At some point, you will have the process dictate to you rather than you dictating the process. Isn’t that sad? Not just what people do to you but what you do to people.

You do it too. If you want something or are selling something, you use the same technique because you inherently know that it works. And it is in this way that we all participate in the perpetuation of the lack of patience in society. If you want to learn patience you better figure out how to do it. You must start by being patient with yourself. You need to not criticize yourself for being whatever it is that you keep telling yourself that you are. You need to learn to be able to enjoy the process. Life is filled with ups, downs and sometimes sideways. That’s the fact. Start by accepting that and go from there. Try yoga or meditation or tai chi or visualization. It is sometimes comical when I suggest that and the response I get is “I don’t have time for that”. Yup….and here we are and here we will be until you do.

In the meantime, make a deal with yourself. Any time you decide to buy something, do this. Resolve to walk away from any deal, product or service in which the salesperson uses the lack of patience technique on you. And one more thing……….. keep this in mind and use it regularly “If you need an answer today, the answer is no.” Doing this will most likely make you very uncomfortable. Good! That is a sign of true change happening. And remember, your job is not to end the process as quickly as you can. Your job, is to become comfortable with being uncomfortable. If you can master that, then you have something that no one would ever be able to sell you.

Negotiation Do’s and Dont’s

How to Negotiate | July 31, 2010

How much time have you given to learning how to negotiate? If you are completely honest, your most likely answer is “none”.

Frankly, most people avoid negotiation whenever possible. Why? They don’t want to “feel bad” asking for a lower price. They don’t want to do the necessary research. They don’t want to feel “confrontational”. Interestingly, in order to purchase things, they are forced to deal with someone who does not “feel bad” about asking an unrealistic amount of money for the product they are selling. I think you can clearly see the mismatch here. One person is attempting to take advantage and another is signing up to be taken advantage of. Do you ever find yourself in either role? Here is some advice – you don’t want to be either person.

It may seem that being the person that takes advantage is the better position, but in truth it is not. It only makes that person feel greedier and more entitled. Eventually, as with all greed, they will succumb financially and emotionally. Bernie Madoff comes to mind. He seemed to be doing pretty well for a time. Well, his time is now up. The best negotiations lead to both parties feeling a sense of value. That is only achievable in win – win negotiating. The objective is never to destroy the other side. It is to work collaboratively with them to reach mutual satisfaction. This may require both sides giving up a few things that they would have liked to have kept. But it is necessary to achieve the significant things that one desires.

If you are married, this story may have a familiar ring. Have you ever sat down with your significant other and had a conversation about a trip, a purchase or a decision that both of you initially disagree on? As you work through the conversation, does it ever occur to you that you are winning the battle and losing the war? Your insistence on “my way or the highway” may eventually break down your partners will to continue. So they give in and you win. Fantastic! Good for you! Next time an issue arises, you’ll go back to the same strategy that “solved” the problem last time. This happens over and over through the years. You always winning and your partner always losing. You find it interesting that they keep coming back when they already know who the boss is. Until one day they don’t come back. New problem. New negotiation. New higher stakes. But this time they show up to the party with a person that negotiates for them. You feel a bit intimidated. So you go and hire your own negotiator. Now both of you have a win at all costs and punish the other person mentality. You because you’ve always played that role. Your ex partner because they are tired of being trampled and want payback. Both parties now lose sight of the real target. A settlement that works for both of you so that you can move on with your life. The attorneys may fuel this fire knowing that you are paying them hourly to hurt the other party. Soon, there is nothing left to split and both parties are left with very little except bad feelings, loads of negativity and tons of emotional baggage to work through.

Do you see how win – win negotiating would be a better avenue for these folks. More importantly, can you see how win – win negotiating may have not only saved this marriage but actually enhanced each partners experience with the other. These people may have truly been in love with each other. Once winning trumps everything, this is the path that you are on. Want to get off that path. Learn to give a little and take a little less. See if that doesn’t help your marriage, your personal relationships and your work relationships. See if things start getting easier for you. And don’t be afraid to ask for help. If you find yourself in this position, you didn’t just land here. Your present situation is a reflection of all of your past decisions, good and bad. Keep the good. Learn to extinguish the bad.

Don’t know how? That’s why I’m here.