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3. At the end, signal inflexibility with these phrases: "I've given this a great deal of thought, and it's the best I can do. Any more and it's not worth it for me to do the deal."
This is it. No more. Be firm but not stubborn. And be more explicit here about your leverage -- what you may do if you can't reach a deal with this counterpart. If you have a good alternative to a deal with this counterpart, consider sharing it.
Also, avoid the phrase "take it or leave it." These words often create unnecessary resistance and put your counterpart on the defensive. This usually is counterproductive.
Finally, please don't wing it in the offer-concession stage.
Consider the exact language and phrases you want to use and then use them. It's extremely difficult to take back off-the-cuff remarks that may inadvertently come out.
It's often expensive to take them back, too.
Marty Latz, a negotiation columnist for The Business
Journal of Phoenix where this column originally appeared, is President of Latz
Negotiation Institute, a national negotiation training and consulting firm based
in Phoenix, Arizona. He has developed and taught negotiation training programs
and seminars for corporations, cities, bar associations and law firms nationwide.
Participants at his courses leave behind the intuitive and instinctive -- along
with their inherent uncertainties -- and develop the strategic mindset thatís at
the heart of successful negotiation.
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Copyright © 2005, Marty Latz
Copyright © 2005, The Negotiator Magazine