financial success

Millionaire Rule # 7: Become An Expert Negotiator

expert 300x188 - Millionaire Rule # 7: Become An Expert Negotiator

 

If you watched the movie, “The Social Network” that shares the story of Mark Zuckerberg, you will learn that he became an expert negotiator. You may have forgotten that Mark was a young college student when he founded Facebook. Today, he is one of the wealthiest people in the world.

 

Being able to make negotiations with customers, clients, and other businesses is a fundamental part of being a millionaire. It can unlock many doors for you and help you form lasting and valuable relationships that will position you for success. You need to have a command over the negotiation process and use it to your advantage. You also need to know what you want to achieve.

Canadian, Mike McDonald had a knack for gambling and started toying with the idea for “online poker” at the age of fifteen. Though pressured by his parents to get a job, he knew that he didn’t want to do the usual gig. Today he is worth more than $5 million but became a millionaire as a teenager.

 

Mike was prepared and knew what he wanted to achieve and as you can see, it improved his chances of a favorable outcome. If you are negotiating with a person who cannot meet your needs or expectations, it is best to walk away. Otherwise, it could be detrimental to your business.

 

Do you know what you are worth? What do you bring to the table? Knowing what you are worth will help you determine what you can ask for and how much you need to compromise during the negotiation process. You can use your value as leverage for creating a deal in your favor. Continue reading →

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