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Afford Anything

How to Handle 7 Types of Hardball Negotiation Tactics, so You Can Earn More and Spend Less

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 24 September 2024

⏱️ 75 minutes

🧾️ Download transcript

Summary

Deeply Discounted Beta Test Cohort, Open Now through Sept 27: affordanything.com/yournextraise ____ #543: Picture this: You're at a car dealership, trying to get the best price on your dream car. The salesperson hits you with a "take it or leave it" offer. Your palms are sweaty, your heart's racing. What do you do? That's just one of the tricky situations we dive into in this episode. We're tackling seven types of hardball negotiation tactics that can trip you up in all sorts of situations - from asking for a raise to haggling at a flea market. First up, we break down the "take it or leave it" tactic. We share a real-life story of Sarah, a software developer, facing this exact situation in a job interview. You'll hear how she turned it around and got what she wanted. Next, we talk about psychological warfare. Sounds intense, right? It can be. We tell you about Emma, a graphic designer, who had to deal with a client trying to throw her off her game. You'll learn how she kept her cool and came out on top. Ever heard of the "good cop, bad cop" routine? It's not just in movies. We share a story of how this played out in a business deal and give you tips on how to spot it and handle it like a pro. Then there's the "snow job" - when someone dumps so much information on you that your head spins. We break down how to cut through the clutter and focus on what really matters. We also cover what to do when someone's holding back important info, how to spot a fake-out (when someone pretends to care about one thing but really wants another), and the sneaky "nibbling" tactic where people ask for just one more small thing... and then another... and another. For each tactic, we give you the lowdown on: - What it looks like in action - Why it works (yep, there's some psychology involved) - How you can spot it - What you can do to counter it We wrap up with a handy checklist for each tactic. Think of it as your negotiation cheat sheet. By the end of the episode, you'll have a toolkit of strategies to help you navigate tough negotiations, whether you're buying a car, negotiating your salary, or just trying to decide where to go for dinner with your friends. Remember, negotiation isn't about "winning" at all costs. It's about finding solutions that work for everyone. With the tips from this episode, you'll be better equipped to do just that, even when things get tricky. For more information, visit the show notes at https://affordanything.com/episode543 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Do you ever find yourself trying to buy a car and the salesperson hits you with a take it or leave it offer?

0:05.8

Or maybe you're at work asking for a raise and suddenly you feel like you're being

0:10.9

interrogated by the quote-unquote bad cop while a different manager plays quote unquote good cop or maybe you've been house hunting and the real estate agent is throwing so much information at you that your head is spinning.

0:26.0

If any of these scenarios sound familiar, you're not alone.

0:30.0

We all face challenging negotiations in our personal and professional lives and sometimes it feels

0:36.8

like we're navigating this minefield of tactics and mind games and psychological warfare.

0:42.8

So today we're going to pull back the curtain on these types of tricky situations.

0:49.0

We'll explore seven challenging negotiation scenarios that you might encounter in your daily life, and we will

0:56.1

equip you with the tools and strategies that you need to be able to handle them like a pro.

1:01.6

Welcome to the Afford Anything Podcast,

1:04.0

the show that understands you can afford anything

1:06.0

but not everything.

1:08.0

Every choice carries a trade-off.

1:10.0

And that applies not just to your money, but your time,

1:12.0

your focus, your energy,

1:13.4

your attention to any limited resource you need to manage.

1:16.5

So, what matters most?

1:20.0

This show is dedicated to exploring that question and we cover five pillars. Financial psychology, increasing your income, investing, real estate and entrepreneurship. It's double eye fire.

1:31.0

Today's show is about those first two pillars, financial psychology and

1:35.9

increasing your income because both of those play out in the real world in the way

1:41.4

in which we negotiate for a discount when we're buying a car, for a

1:46.0

house, for a home renovation, or for a raise at work.

...

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