Skip to main content

How to negotiate via video conference successfully


With 2020 being the year of social distancing due to Corona Virus, we can no longer take a face to face negotiation for granted. We must adapt to negotiating via e-mail, video conferencing or over the phone. This is of course all possible and with the right preparation we can be as successful.

A skilled negotiator understands the most important attributes to a successful outcome. These are body language, tone of voice and reactions to their proposals by the other party. A skilled negotiator can read the other party through these attributes which assist in determining the next move. This is of course limited during a negotiation via video conference. 

Heightened Awareness
While you will never be able to look the other party in the eye and vice versa, you can see yourself. This creates more awareness to oneself but it can also be a distraction if you are too focused on your own facial expressions. A skilled negotiator wants the other party to see what they want them to see and is therefore conscious competent with their facial expressions and language. However make sure you are not too focused on yourself, watch them.

Technical difficulties
Make sure you can see and hear the other party clearly. If there are technical difficulties on their side, ask to get them fixed first or suggest postponing the meeting. If you have technical difficulties do the same. Technical difficulties are a distraction as they can interrupt the flow of the meeting and can take you off track.

Ask
Prepare a list of questions that you are going to ask. Make sure you are asking open questions. Watch their facial expressions carefully when asking the questions.

Silence
Use the power of silence to make the other party talk. Since it is more difficult to read the other party’s body language and facial expressions, use extended periods of silence to your advantage. Silence is uncomfortable and even more so on video conferencing and if the other party is not comfortable with silence then they will talk and give out vital information that could be useful to you.

Agenda
While it is always advisable to have an agenda that both parties have agreed to it is even more important when negotiating via video conference. It keeps the negotiation on track and does not allow for distractions.

Engagement
Use screen share or document share to make your proposals more visual this engages the other side and gives it a ‘real’ touch.

Close
Make sure you finish with an outcome; with a deal. Get them to agree there and then and follow this up with an email.


#workingfromhome #negotiateremotely #negotiationtraining

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...

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 you...