What is Negotiation leverage?
Negotiation leverage: The power to influence the outcome.
Where Negotiation leverage fits
Negotiation leverage is part of Negotiation & Pitch in Sales & Negotiation. Negotiation is solving a shared problem. Know your BATNA and walk-away point, anchor with a first offer, trade concessions and aim for win-win deals.
Practical tip
Prepare alternatives before you talk numbers.
Related terms
- BATNA
- Your best alternative if a negotiation fails.
- Upselling
- Persuading a customer to buy a pricier version or add-on.
- Cold calling
- Contacting potential customers who have not asked to hear from you.
- Value proposition
- Why a customer should choose your product.
- Anchoring
- Making the first offer so it shapes the rest of a negotiation.
- Win-win
- An agreement that benefits both sides.
- Counteroffer
- A reply to an offer that changes its terms.
- Concession
- Something you give up during a negotiation.
Formulas you will use with it
Test yourself
Which term means: “The power to influence the outcome.”?
Win-win · Negotiation leverage · Upselling
Answer: Negotiation leverage
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