I recently traveled to Australia for work, visiting an open-air market for some family souvenirs. Now, an Australian market is not an Indian or Turkish market—not a place where haggling is necessary or necessarily expected. So I suspected going in that any attempts at negotiation would not be particularly fruitful. And I could’ve decided to abandon negotiation accordingly.
But being the author of Life’s Negotiable, I decided to try it anyway. As expected, my attempts to negotiate were met with limited success. Ironically and perhaps confusingly, though, they also highlighted three reasons why the greater failure would’ve been a failure to negotiate at all. And herein is a lesson that can make life negotiable: The biggest negotiation failure is a failure to negotiate.
What in the world could I mean? Consider the rest of the story. I set out in pursuit of three souvenirs: two stuffed animals and a wine holder. Along the road to the negotiation failure described in the third point below, I jotted down three reasons why failing to negotiate would’ve been the greater failure. If you don’t negotiate, you don’t:
- Learn about the market. My first and most important negotiation strategy was to walk around the market and compare the various vendors’ prices and selection. Having done so, I learned that certain vendors were selling the items in the question for an attractive price but also selling…how shall we put this…junk. And, looking closer at these vendors’ stuffed animals and wine holders, I learned that they too were…how shall we put this…junk. Design flaws and manufacturing errors galore—and not even from Australia. At least for these products, the rock-bottom prices were too good to be true, I learned.
- Learn about the item in question: In the process of walking around the marketplace, I also learned some interesting things about the products under consideration. For example, I learned that the wine holders in this market (at least the ones from the non-junk vendors) are each hand-painted with a unique pattern and color palette signifying a specific set of thoughts and emotions—nice sentiments like serenity, peace, and courage. Since I knew I wanted one with olive green and maroonish-brown, I made sure to note and convey the meaning of those colors upon delivery, which definitely increased the impact of the gift.
- Find opportunities to sweeten the deal: Having eliminated the junk vendors and understood the colors, I ultimately identified a vendor with no junk and some reasonably good deals. In fact, this vendor’s signs indicated that I could get two stuffed animals for a special bulk price of X Australian Dollars. But there was no obvious deal on wine holders, prompting me to ask for an even special-er bulk price for one wine holder and two stuffed animals. “No,” he said, which is why I labeled the whole thing a negotiation failure. But the vendor did inform me that I could get an unadvertised volume discount if I purchased two wine holders. Now, we don’t drink that much wine or have that much room on the kitchen counter, but if we did, this offer could’ve sweetened the deal considerably. So, in combination with the avoidance of poor products and the accumulation of information, I consider this failure productive.
What’s the point? That, at least when it doesn’t take a huge amount of time to negotiate—and often it doesn’t—the only real failure in negotiation is a failure to negotiate. A little lesson from down-under.