May 17, 2024

Never Lose Again: Become a Top Negotiator by Asking the Right Questions

by Our content team
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Transcript

Welcome to the latest episode of Book Insights from Mind Tools.

In today's podcast, lasting around 15 minutes, we're looking at "Never Lose Again" by Steven Babitsky and James Mangraviti Junior.

Ask yourself this: how many times have you walked away from a negotiation knowing you could have gotten a better deal? How often have you said to yourself, "If only I'd started a little higher or lower, or held out a little longer"? And just how annoyed are you when friends or colleagues say they paid less, or charged more, for the same product or service?

Negotiating is part of everyday life, whether it's getting a good price for a mobile phone contract, buying a used car, selling services as an independent consultant or discussing a salary raise with a boss.

And in today's economic climate, a good negotiation can make a big difference to your business or quality of life. If you run a company, striking a better long-term deal with your technology supplier can help you avoid lay-offs. At home, making savings on utility bills could help pay for a trip abroad.

The benefits of getting a good deal are clear, but negotiating doesn't come easy to all of us. Which shouldn't be a surprise, when you think about it. Often, the person we're negotiating with is more skilled at it than we are. Maybe they're a trained salesperson or an experienced CFO. Maybe their sole responsibility is to negotiate good deals for their company.

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