Guest
✎ Get free access to our vault of PDF summaries for every YouTube video here: ✎ Negotiating great deals is crucial for entrepreneurs, especially in the early days when every dollar counts. In this video, Evan Carmichael shares his strategies for negotiating with suppliers, emphasizing the importance of understanding the size of the company you're dealing with. For big companies, Evan negotiates aggressively, aiming to get the best possible price. However, when dealing with smaller companies or solo entrepreneurs, he tends to be more lenient, understanding the impact on their business and aiming to build long-term relationships. Evan illustrates his approach with a couple of examples. He describes a situation where he chose not to charge a solo entrepreneur for an event, even though his standard fee is between $1500 and $2500. By doing so, he aimed to build goodwill and foster a potential long-term partnership. On the other hand, when negotiating rent for an apartment, he managed to reduce the price by showcasing his excellent credit score, his history as a reliable tenant, and offering six months' rent in advance, demonstrating that there are many factors beyond price that can influence a negotiation. The key takeaway from Evan's advice is to understand what is important to the other party beyond just the price. By addressing their needs and concerns, you can position yourself as a valuable partner, making them more willing to offer you a better deal. Evan encourages viewers to think about how they would like to be treated and to apply the same principles when negotiating, aiming to build mutually beneficial relationships that can lead to long-term success. If you enjoyed the video, don't forget to give it a thumbs up and share your own negotiation tips in the comments below! ★ BOOKS ★ • Momentum: • Build to Serve: • Your One Word: • The Top 10 Rules for Success: • 254 Confidence: ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: • This NEGOTIATION Skill Will Help You Win ft. @LewisHowes & @vossnegotiati - • Do THIS First Thing in the MORNING - Best Andrew Huberman MOTIVATION (6.5 HOURS of Pure INSPIRATION) - • NO ONE is Coming to SAVE YOU! | David Goggins | #Entspresso - ⚑ SUBSCRIBE TO MY CHANNEL ⚑ If you want to do great things you need to have a great environment. Create one by subbing and watching daily. ツ CONNECT WITH ME ツ Leave a comment on this video and it'll get a response. Or you can connect with me on different social platforms too: • My Live Calendar: • Instagram: • Tiktok: @evancarmichael • Discord: • Twitter: • Linkedin: • Facebook: • Website: ----------------------------------------------------------------------------- Thank you for watching - I really appreciate it :) Much love, Evan #Believe
