Making the First Offer in Negotiation, Who Goes First?

In any negotiation, one side or the other has to make the first offer for the goods or services being provided.  Is there an advantage in going first or waiting to evaluate the offer made to you?  A lot of people prefer that the other side should make the first offer.  Being the first to provide a number means showing the other side your hand.  The reasoning is that you can see if they overpriced or underpriced the value of what is being obtained.  I used to talk to people who wanted to sell me something and they would ask me to make an … [Read More...]

Bundling in Negotiations

Last Saturday we had planned to continue our purge of clutter and take some stuff to the City of Mt. Juliet’s sponsored yard sale but were rained out. Rather than let a loaded car be wasted, Sue and I opted for a flea market nearby. Here is a negotiation technique that I used and wanted to share it with you. I have written previously about bundling the seller and I got to try a different negotiation technique at this sale. I had a dealer come by, he priced a few items, liked our price points and said “What about I start a pile and see what … [Read More...]