Most people assume that the benefits of negotiating = the concessions you extract. You benefit by the exact amount of the discount, raise, or additional dinner eaten by your kid.
One of the biggest benefits of negotiating, though, has nothing to do with concessions. You often benefit the most not from the concessions you extract but from the information you unexpectedly glean.
Based on experience and research alike, let me assure you that acting on this underappreciated benefit of negotiating rather than immediately accepting an unattractive fate can make life negotiable. Accordingly, let’s consider some of the most common and beneficial facts you’re likely to unexpectedly learn in a negotiation:
- Upcoming sale: While pushing for a better price, a vendor may well reveal that you can obtain it by simply holding your horses—for a month, or perhaps until Black Friday. That’s interesting, because the sale was already planned and generally available, so it doesn’t reflect a concession. Still, simply learning while negotiating surely benefits you personally.
- Untapped discount: Alternatively, you may well learn from a retailer—especially a small or local retailer—that they will charge you less if you pay by cash or check. Interesting, because the retailer didn’t make a concession—they simply informed you of a preexisting policy that, for whatever reason, had previously eluded your attention.
- Unwanted features: In the process of trying to negotiate down a peskily high-price, you may well learn that part of its peskiness is attributable to a fancy feature you never wanted and still don’t. A meaningless warranty, frivolous upgrade, unwanted add-on. Take that feature out of the mix and you suddenly have a manageable price. Again, no real concession on their part, especially if it was included not because of profit margins but because of faulty assumptions about your desires. But by stripping out whatever you don’t want, you just got the price you did.
- Unexpected sensitivity: Or, consider negotiations in your own organization. In the process of pushing for a particular objective—an exception, strategy, important procedural change—you may well learn of an odd, idiosyncratic sensitivity likely to stymie your objectives. Maybe some executive really objects to proposals that make an arch nemesis look good. Or maybe some other executive really objects to proposals he or she hasn’t reviewed first—even though he or she has never had any comment. You haven’t obtained any concessions from anyone. But in the process of negotiating, you’ve learned an odd idiosyncratic fact that would’ve otherwise sunk you.
- Underlying motive: Particularly but far from exclusively with kids, you may discover a hidden underlying motive. Perhaps the kid isn’t eating her lunch for reasons entirely unrelated to your hot buttons. Perhaps she’s just afraid of her upcoming flu shot. Now that you understand as much, can you perhaps nudge her toward nourishment by reminding her of the sticker and sucker awaiting her after the shot? No guarantees, but the point is that you haven’t extracted any concessions. You’ve simply addressed the real problem.
So when pondering whether to negotiate, don’t just ponder the likelihood of concessions. Ponder the likelihood of learning something new. Or, since you don’t know what you don’t know, perhaps ponder my assurance that there’s usually something you don’t—and should.