- Hardcover: 352 pages
- Publisher: St Martin's Press (28 May 2004)
- Language English
- ISBN-10: 031232281X
- ISBN-13: 978-0312322816
- Product Dimensions: 24.5 x 16.4 x 3 cm
- Amazon Bestsellers Rank: 2,078,091 in Books (See Top 100 in Books)
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For instance, several years ago when I bought my present car, I went to the dealership late in the evening, pretty much ensuring I wouldn't close a deal the same day. That forced the salesman to have to call me for a follow-up and by that time, my excitement about the car of my choice was in check, and I sensed that he really wanted to sell me the car, even more than I wanted to buy it.
But "Gain the Edge!" suggests researching not just what various dealerships are asking for the same car, but finding out what they paid the manufacturer, what their markup is, and how much room they have to "move" on price. And then it suggests doing most of the negotiating over the phone, so you're less likely to feel pressured. It's a lot easier to hang up than to walk away from a determined salesman.
The salesman I dealt with actually called me back three times during the next few days, and each time I did my best to lower the price. But again I made a strategic error. I wasn't patient enough (summer was here and the A/C in my old car had died). I decided to "cut to the chase." I told him the absolute highest amount I could afford for a monthly payment. I now know that that's absolutely crucial STRATEGIC information. It's a mistake I won't make again!
I bought "Gain the Edge!" because I'm going to want to trade in my old car soon. I'm going to do more research this time. And I'm going to follow some of the other great advice in this book -- like setting and sticking to my own agenda and not talking about trade-in until we've settled on a price for the new car.
"Gain the Edge!" is easy to read and has lots of good examples to help you understand the points the author makes. I would highly recommend this book for anyone who plans on making a major purchase, asking for a raise, etc.
(1) It presents five guiding principles ("Golden Rules") that seem useful for conducting negotiations, and tells how to adapt them to your own personality;
(2) It offers specific strategies for four types of negotiations; and
(3) It has many examples of negotiating strategies and advice by well-known individuals.