Skip to main content

Negotiate with compassion in times of COVID 19.We are all in this together.


We live in strange times and our lives have been turned upside down. We need to adjust to new social norms, social distancing. We feel that our freedom has been taken away. We can’t travel, can’t meet with friends and family we can’t even just go to the supermarket and buy staples like flour, toilet paper or canned tomatoes.
The way we work has changed; the way we interact with each other has changed. 
The way we negotiate should also change in these strange and challenging times.
While we negotiate to get the best deal possible and don’t want to leave money on the table; this does not necessarily apply in these circumstances where we are all affected in some way or another.
What is important now is that we work together, find solutions together and help each other out. I have seen many acts of kindness lately. It’s these times that bring us together.
The same goes when you negotiate. These are extraordinary circumstances, and people still need to make deals but it is not the time to take advantage of somebody’s position.
Here are 3 recommendations that will help to negotiate appropriately in times of COVID 19:
1)    Be collaborative
These are extraordinary circumstances and we are all still trying to adjust. This can bring out the best and the worse in people. While some panic buy and hoard groceries, others give away what they have to the vulnerable. People act and react differently. Therefore, be collaborative and open so you can get the best out of people. Behaviour triggers behaviour, so if you are kind the other party will be too.
2)    Give the other party the benefit of the doubt
Your negotiations will most likely happen via email, over the phone or via video conference which means that a lot of signals from body language and tone are lost. If you feel that the other party has come across as rude, abrupt or dismissive call them out on it. Ask if they really meant it that way. Most likely they did not mean it like that; remember a lot of us are under extreme pressure and suffer anxiety of the unknown.
3)    Be compassionate
Think about the situation of the other party. Are they doing it tough right now? What is at play? Then think about your situation, do you need to maximize this deal or can you give a little more? Can you help them out by being compassionate and asking for less? There are many ways of doing this; you could give an extended credit; you could reduce your price and ask them to pay the difference later if they can. You could offer delivery free of charge etc. There are many ways to be compassionate and help each other out. People don’t forget acts of kindness.
So please don’t try and get the best deal, make the most compassionate deal.
Be kind and they will be kind to you. Take care!


Comments

Popular posts from this blog

What is Black Friday and why it is not worth it if you are a great negotiator.

All last week was hyped up by ‘Black Friday’ Sales. But what is it and why do we have it in Australia and is it worth it? Black Friday originates from the US and is the Friday after Thanksgiving which is the fourth Friday in November. Thanksgiving is a public holiday in the US. In the 1950s people used the Friday as a sick day and went shopping to get a head start in their Christmas shopping. Eventually in the 1960s this day turned into another paid leave day or shall we say into a paid ‘shopping day’. It has become a made-up event to drive consumerism. Many believe the term ‘Black Friday’ is used for profit making; black numbers in the ledger books; but that is not entirely correct. While this is the meaning today it meant something totally different in the 50s and 60s.  According to Bonnie Taylor Blake, a researcher at the University of North California, the term originated in Philadelphia by the Philadelphia police as they saw the day as a terrible day. The city was fil

The anchoring effect when setting your price

In my recent post I spoke about why in a negotiation you should put your price on the table first. It is all about setting an expectation or an anchor. Once the anchor is set, the negotiation will revolve around the anchor point. Most of the time we already store an anchor of certain products in our head. You expect to pay $4.00 for a Sushi roll for lunch, or $3.50 for a regular size coffee from the coffee shop next to your office. But what happens with products that we don’t buy very often, and we are less familiar with? A few weeks ago, our washing machine blew up. During the spin cycle smoke came out of the back of the washing machine which was the end of it. The last time I bought a washing machine was probably 7 or 8 years ago, so I had no idea how much a front loader from a particular brand would cost now. What most of us do, and I did it too, is consult the internet and look at the next best website that sells washing machines. The first price we see for that prod

Negotiation strategies to lower interest rates on your home loan

Do you really get the best interest rate from your bank? Have you thought about how you could negotiate your interest rate down? When interest rates go down the banks give you something to keep you happy, so you won’t ask for more.  But could you get more? Why not try. Review your interest rates and speak to your bank to get a better rate. Don’t let them shut you down with the excuse that they have already reduced the rates. The reality is that there is more room to move because if they can give away something without you asking then they can probably give you more. Do your research Research what the competitors are offering. Use comparison websites and then call the bank to make sure that you would get this rate. Find out what the rate for new customers is Banks often offer great promotions to lure in new clients which existing clients don’t get. This is something that I find annoying, why don’t they reward loyalty instead. Set yourself a target rate Set yoursel