Wednesday, December 07, 2005

A simple approach to bargaining

Negotiation and bargaining have always been topics of interest......communication.....influence.....persuasion.....all of that......

Learnt this interesting lesson from the most unexpected source.....

It was a jerky cycle ricshaw ride to the Taj from Agra Cantonment Station.....Om Sharma was peddling Abhishek Thakore......merrily chatting away....

Bargaining is very simple.....when you see anything, before entering into the shop or talking to the seller just make a mental note of how much is it worth to you.....

With your internal benchmark firmly said, it is impactful when you say it too (i discovered that in retrospect)

and then if the seller does not agree to the price, simply walk away....(coz u dont want it at a higher price)....

Extremely simple I'd say....having an internal benchmark also gives you a sense of detachment to the bargain....you can walk away whenever you want to......thats' the kewl thing :)

Interesting how a complex life can be broken down into pieces and be negotiated with just one compass....the compass of common sense :)))



1 Comments:

Blogger Hermit Chords said...

But then surely it's made more complex by the desire to maximise. After a certain point where value is exchanged fairly, any deal becomes a zero-sum game. You know what it's worth to you, but you still try and get it for less. You know what it's worth to the other, but you still try and sell it for more. And if you're in a market your competition will do the same- so your ability to maximize may determine your survival. Sometimes it's sheer boredom that leads you to keep cribbing and asking for more/less, as I've discovered at long meetings with PSU price-committees!

9:29 AM  

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