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The $100 MBA Show

MBA38 A Crash Course in Negotiation- Part 1

The $100 MBA Show

Omar Zenhom

Careers, Marketing, Business, Entrepreneurship

4.91.2K Ratings

🗓️ 25 September 2014

⏱️ 8 minutes

🧾️ Download transcript

Summary

No matter what your business is or what you are selling, at some point, you will need to negotiate. In this 2 part lesson you’ll get a crash course in negotiation and you will learn how negotiate like a pro and make sure everyone walks away happy. Lots to cover, so let’s get down to business!

Transcript

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0:00.0

Heyo! Welcome to the Hunter R.M.

0:10.0

Show where you get your freshly baked business bites with our daily 10 minute

0:14.9

business lessons for the real world. I'm your host or coach, your teacher

0:19.5

Omar Zenholm, I'm also the co-founder of the $100 MBA, a complete business training, and community

0:25.9

online.

0:27.1

And today you will learn how to negotiate.

0:30.4

This is a crash course in negotiation. This is a two-part lesson on how to be a great

0:35.8

negotiator. This is part one of two parts. The next part is the next episode. It doesn't matter what business you're in, online, offline retail, wholesale, e-books, or

0:47.0

cattle for that matter.

0:48.8

You will have to negotiate at some point.

0:51.7

How do you do it effectively while remaining refined and controlled?

0:55.5

This two-part lesson will be your practical guide to negotiating like a pro.

1:00.5

Get what you want and be in complete control while keeping everyone happy.

1:04.0

So let's get down to business. First of all, what is a negotiation? By definition a negotiation is a dialogue between

1:19.3

two or more people or parties intended to reach an understanding. In business, the stakes are

1:26.0

often high. You're not haggling at a flea market here. You're trying to reach an

1:30.6

agreement that is perceived as fair to both parties.

1:34.4

After all, you'll be negotiating with the people that are vital to the success of your business,

1:39.1

your clients.

1:40.1

Now, this is particularly important if you run a service-based business.

1:44.3

Now notice I said perceived as fair in that previous statement.

1:49.6

Negotiation in business is all about perception.

...

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