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by fleitz
4486 days ago
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My BATNA has rarely ever been accepting their offer, it's usually been already having an offer in hand, or having a bunch of interviews lined up in the coming days. Objective criteria a horrible way to negotiate, look up the accounting term 'good will', you create 'good will' by not using objective criteria. Name a price they will say no to, not one you're happy with, if they counter below your BATNA, tell them the mininum you'll accept is something above your BATNA, give them a timeframe to come correct, get up from the table and leave. I could careless how badly the average, or 5th percentile employee is paid. If they want to retain me they'll a price better than my BATNA. |
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BATNA isn't a bargaining position, it's your fallback option in case bargaining fails. I think you're talking more about your "bottom line", which is the lowest number you're willing to accept. A good negotiator goes in knowing his/her BATNA and bottom-line, but they're separate concepts.
I also completely disagree with you disregarding objective criteria. I used my recent purchase of a 2-year old vehicle as a way to gain some extra experience in negotiating and work on different approaches with two separate dealers. My initial approach with the dealer I ultimately bought from, was to derive my bottom-line number from objective criteria, but to show no strong evidence to how I got the numbers I was offering. I got nowhere with that approach. The sales manager didn't even come out to stop me from leaving when negotiations with the salesman got nowhere. We were only $1,000 from my bottom-line (which he didn't know) and about $1,800 away from our stated positions.
I came back a few days later with reasonable evidence based on market data of the particular model I was buying, as well as reasons why I'd go spend more money on another manufacturers' similar, but nicer model in the same class. They ended up coming down the full $1,800 after I was about to walk away again.
This works time and time again. Unless you're in a position where you completely don't care if you complete a purchase/sale/agreement, then holding onto unrealistic positions will never get you very far. My father-in-law likes to buy and sell stuff, but he pretty much only deals in unrealistic offers, and he rarely ends up buying or selling anything, even though he spends a decent amount of time looking.