What do the top 7% of negotiators have in common? How do they simultaneously ask for more – and get it – while actually strengthening their relationships? In a time when more than half of us avoided negotiating our last salary, Professor Alex Carter reveals 5 secrets to confidently asking for what you’re worth.
Alex Carter is a Columbia Law School professor, mediator and negotiation trainer to the United Nations. For the last 20 years, she has taught hundreds of thousands of people how to take lessons from the world’s highest-stakes negotiations and apply them to their everyday lives. Professor Carter’s first book, Ask for More: 10 Questions to Negotiate Anything (Simon & Schuster), was published in 2020 and became an instant Wall Street Journal Business Bestseller. As a keynote speaker, Alex helps companies around the world secure larger deals, prevent losses and retain top talent. Her work has been featured in The Wall Street Journal, Good Morning America, The New York Times, MSNBC’s Morning Joe, The CBS Early Show, NPR Marketplace, CNBC, Fast Company, and more. She is a contributor for NBC News’ Know Your Value, a news site devoted to helping women grow in their careers and reach their full potential.
The most important things I know about negotiation,
I learned in a kayak on my honeymoon. Picture this,
I arrive in Hawaii and I look adoringly at my brand new husband as we get in a
two-person kayak together for a river tour.
Then things go wrong, fast. You see in a two-person kayak
the passenger in the back, usually the larger passenger, is supposed to drive
using their paddles. Well, I didn't like how he was driving
so I decided to drive my own way and exactly at the moment I thought I
had taken over, we flipped over
three separate times. Apparently we set a record.
So I get back in the kayak, now dripping wet,
when our guide up ahead turns back and says, okay folks, let's negotiate these
things to the left because you're going to hit that beach
up ahead. Negotiate the kayak.
In that moment, I realized that although I had been teaching negotiation for a
few years already, I had missed something important
and I was not alone. A lot of us have misconceptions about
negotiation. We're taught that it's a battle over
money, that it involves losing, so we either
fear it or we avoid it altogether.
In fact, 54 percent of us didn't negotiate our last salary.
That's from research, by the way. I'm not actually seeing into your souls.
The fact is that before that guide, I had never heard anyone use the word
negotiate that way before. I too had absorbed this message that it
was a contest of wills. You know, like five minutes earlier when
I dunked us in the river. But there's another way to think about
it, isn't there? When I negotiate my kayak toward a beach,
what am I doing? I'm steering. Today,
I want to share five lessons about negotiation
that just might change your life. And the first is this. Negotiation
is simply steering. It is any conversation in which you are
steering a relationship. And it's so much more than the money
conversations. You know, just like a kayak where we
want to steer consistently to get to our goal,
we can be steering our relationships almost
every minute of the day. You know, when I got back from that honeymoon,
I looked around and I saw opportunities to negotiate
everywhere. I could be getting to know my bosses better
so that I understood what they prioritized most.
I could be calling my clients regularly and asking them what was new in their
businesses. And I realized something powerful.
If we intentionally focus on the everyday steering,
what happens when we do get to the money conversations?
We are more likely to be successful. Which brings me to lesson two.
Curious people make more money. There's one negotiation technique
that most of us are not using. So years ago, a professor set people up
to negotiate as part of a study. Only 7% of those people achieved the
optimal outcome. What did they do? Well, they didn't lead
with their points. They asked questions first.
Bottom line, in negotiation, you get more by asking questions
than you do by arguing. But not just any questions.
That 7%, they asked open questions. Questions that uncovered the other
person's needs, concerns, and goals. And most of us aren't great at that.
When I teach people about asking questions, I say, okay,
I've just taken a trip. What can you ask me to get some good
information? Top two questions they ask, I bet you
could guess. Number one, where did you go?
Reno. Did you have a good time?
Yeah. Two closed questions.
Two one-word answers. So, what's the best question?
Well, it's a little bit of a trick, because technically, the best question
of all doesn't end with a question mark. It's, tell me all about your
vacation. Tell me is the biggest question you can ask, and it is the
most powerful first question in any negotiation, at work or at home.
With the hiring manager, tell me how the company sees the salary
range for this position. With your teenager, tell me what's making
you ask for a $50 a week allowance. Tell me gets you the most information,
but it also builds trust, so it creates the best deals.
Lesson three, the negotiation starts before the negotiation starts.
Most people don't know that every negotiation actually comes in two parts.
The second part, we all know about. That's where we're sitting down with
someone else. But that first part, that's what I call the mirror.
Because we have to negotiate with ourselves first, before we negotiate
with anyone else. And it's the most critical part of the negotiation, too.
Because if we don't get this right, the negotiation stops there.
We don't ask. We get confused about our priorities.
We shut ourselves down before we give anybody else the chance.
If you want to master the mirror, try asking yourself,
how have I handled something like this successfully before?
Did you know that research shows, if we think about a time and write it down,
that we achieved great results before we go in to negotiate,
we are more likely to negotiate well. Why?
Because we remind ourselves of who we are at our most powerful.
And we also gather data on strategies that are likely to work for us.
I once counseled someone named May who was struggling to ask for a raise.
You know, in May's family, they were taught that you should wait
until something was offered to you. So I asked May about the last time
she successfully advocated for herself. And she told me she actually felt
really confident negotiating for the job in the first place.
She really believed in the company's mission, and she felt confident she could contribute.
You know, as May wrote this down, I saw her face change and her confidence grow.
May went in, and she got that raise.
Lesson four, land the plane. I worked with a brilliant sales executive named Brody,
who sometimes would lose deals because he talked too much.
He'd ask a great question, and then he would get scared of the silence,
so he would eat it up with his words.
What do you need to get this done here today?
Well, I know our price point might be a little bit higher than that of our competitors,
but I think if you go ahead and look at our customer reviews,
want to know the secret to great deals? Shut up.
Recent research found that leaving a period of silence in negotiation not only made it more
likely that the other person would give you a high-value move, but it also came across
as collaborative. So, how much silence?
I just did it. Three and a half seconds. See? You were nervous, but we all survived.
That's what I call landing the plane. Ask your question, make your proposal, and then zip it.
And finally, lesson five, make your adversary your partner.
It's 3 a.m., and you have five hours to go before the entire world is expecting you
and several other countries to announce a peace deal.
But right now, you have a problem because one of the other country's diplomats has left the
building and is down in the parking lot threatening to drive away because he feels disrespected.
This was the situation that one of the diplomats I work with faced.
But a lot of us face things like this in our everyday negotiations.
So much of the popular wisdom talks about our adversary, our opponent.
Well, in most everyday negotiations, that adversary at the bargaining table
becomes our partner once that deal is done. The boss who holds the keys to your raise,
once you get it, you're working together. Or that home contractor you're negotiating with
over your kitchen. Once you settle on a price, you're trusting her to build a room you're going
to love for years to come. And even when your spouse might feel like an opponent,
well, you're still sleeping in the same bed at the end of the day.
That diplomat I worked with, he walked out of the building, down to the parking lot,
and he approached the man who had left. He said to him, we are on the same side. He listened.
Eventually, the two men walked together back into that building and later they announced that peace deal.
My negotiation motto is this. I never request. I recruit.
I don't want to talk to someone across the table. I want to pull them around with questions
to my side of the table so that we are now co-conspirators working toward the same goal.
Negotiation is not a battle. It is simply steering. And if we lead with curiosity
about ourselves and about others, we won't just create great deals, we'll create great
relationships along the way. Speaking of which, you might be wondering what happened after the
honeymoon. Well, I'm glad to report that my husband and I have been happily steering together for 18
years. Just not in a kayak. Thank you.