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The bronze artefact

The bronze artefact

You are on a vacation to a foreign country. You visit a local market and come across a nice bronze artefact. While you are having a closer look at the artefact, the shopkeeper approaches you and asks you to make an offer.
You are really interested to buy. You think and based on similar artefacts' prices, you say " I will buy this piece for $50 only."
The shopkeeper immediately agrees and starts to pack the item.
How do you feel in this situation?
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1 Comment

Susheel
Susheel
I might have offered a very high price. I should have tried a lower value say $30

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Negotiation is an important life skill

We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.

If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.

“You don't get what you deserve. You get what you negotiate.” Chester Karrass