Albert Dunn: Mastering Negotiation
- Albert Dunn: Mastering Negotiation Alex Escobar and Aziz Yousuf 44:55
Welcome to Screw The Stock Market,
In today’s episode we have a great conversation with one of our previous guests, Dr. Albert Dunn who’s going to talk about negotiation. We had an enlightening discussion that delved into personal experiences and offered some practical insights. If you’ve ever wondered how to negotiate, what your objectives should be, or what you can save through smart negotiating, this episode is for you. Here are some highlights from our engaging conversation:
A Real-Life Negotiation Scenario: Al shares an in-depth story about his recent experience in purchasing a new Ford F 150 Raptor. From having to fix his old Jeep to the urgency of finding a new vehicle, his story illustrates the importance of negotiation in our daily lives.
Knowing What You Want: Al’s research and determination in what he wanted allowed him to approach the dealership with confidence. Understanding what you want and sticking to it can be key in negotiation, as it ensures that you make choices aligned with your needs and preferences.
Importance of Timing and Prioritization: Al’s tight schedule and clear priority to get the car that very day influenced his negotiating tactics. Knowing your own priorities and communicating them effectively can pave the way for successful negotiation.
Flexible Payment Options and Standing Your Ground: During the purchase, Al faced several challenges in payment methods and high-interest rates. His ability to stand his ground, while remaining open to creative solutions, ultimately led to a successful deal. This illustrates the importance of flexibility and assertiveness in negotiations.
Contrasting Views on Value and Objectives: The discussion concludes with contrasting views on negotiation priorities. For Al, time was the most crucial factor, while for others, the focus might be on getting the best financial deal. Recognizing what’s most important to you and aligning your negotiating strategy with those values is essential.
We hope you found this episode insightful and that it inspires you to consider your negotiation strategies, whether it’s for a big purchase like a car or smaller, everyday decisions. Thanks for tuning in, and we look forward to sharing more engaging conversations with you in future episodes!
