Quick Answer: How Do You Respond When Someone Asks To Lower Your Rate?

How do you respond to price is negotiable?

Responding to ‘Is the price negotiable.

‘ [closed]What’s your offer?How much are you willing to pay?How much do you want the item for.

( Not too sure about this one).

How do you negotiate a price politely?

10 Tips for Negotiating a Better Price on AnythingDo your homework. It’s easier to bargain for a deal — and recognize if you’re really getting one — when you understand the numbers. … Don’t be afraid to walk away. … Ask the right person. … Time it right. … Pay with paper instead of plastic. … Don’t fear awkwardness. … Be friendly. … Be firm.More items…•

What is the first rule of negotiation?

The best negotiators are known for their ability to read an opponent and at all times be a step ahead. To do just that, theories have been developed on how to prepare, strategize and practice.

How much salary do you expect best answer?

You can try to skirt the question with a broad answer, such as, “My salary expectations are in line with my experience and qualifications.” Or, “If this is the right job for me, I’m sure we can come to an agreement on salary.” This will show that you’re willing to negotiate.

How do you ask for hourly rate?

Write a range for the hourly pay, rather than an exact amount. For example, “$12 to $18 an hour.” This gives you room to negotiate for better pay if you are offered the job. Indicate in your closing sentence that you are willing to discuss the wage and would love the opportunity to learn more about the position.

How do you answer what is your rate?

Here’s how to respond to the question “What’s your hourly rate?” in 4 steps:Dodge the question completely and say: … Then read back to them a summary of their problem/goals and check you’ve got it right: … Did they say “yes” or “no”? … Then you say “I can help you achieve [their-goal].

How do you respond to how much?

How do you respond to the “How much” question?Respond with a really high figure and work your way down from there.Ask for offers in x figures.Respond with a realistic number you are willing to accept and include several reasons as to how you came to that number.Don’t respond with a number and instead ask to discuss over the phone.

What are 5 rules of negotiation?

5 Rules to Winning a NegotiationDo your homework. Most negotiations are won before any talking takes place. … Make sure you have alternatives if the negotiation breaks down. … Don’t say yes too quickly. … Watch out for the deadlines. … Find the best deal for all parties.

Is it rude to ask how much something costs?

When you ask how much they paid for something, it can make them uncomfortable; they may not want you to know how much they make, and most people don’t like to flaunt their wealth. I advise not to ask if it seems as though the item appears to be very costly, like a new piece of jewelry or a new car.

How do you state your hourly rate?

Desired profit amount + desired salary + operating costs / number of income producing hours = your hourly rate.

How do you respond to price is too high?

4 Ways You Should Respond:Silence! First thing you should do is take a couple seconds before you do anything. … “Give / Get” When customers ask for a discount, ask what they would be willing to give up. … Ask Questions. … Customer References.

What are the 7 basic rules of negotiating?

The 7 Rules of Power NegotiationWhere do people learn to negotiate successfully? … Rule No 1 – Everything is negotiable. … Rule No 2 – Know what you want before negotiating. … Rule No 3 – Aim for a Win/Win negotiation. … Rule No. … Rule No 5 – Never believe anyone else is entirely on your side. … Rule No 6 – Strive to be innocent. … Rule 7.More items…•

How do you tell a vendor their price is too high?

Say “I’m sorry, I’m sure your product is very good but unfortunately I can’t afford it right now. If things change I’ll let you know. Thanks.”

What should you not say in a negotiation?

7 Things You Should Never Say in a Negotiation1) “This call should be pretty quick.” … 2) “Between.” … 3) “What about a lower price?” … 4) “I have the final say.” … 5) “Let’s work out the details later.” … 6) “I really need to get this done.” … 7) “Let’s split the difference.”

Is it rude to ask about money?

In the US, it’s generally considered inappropriate / rude / tacky / a bad idea to discuss your income. This is just one of those things that’s drilled into you, like chewing with your mouth closed. Even if someone doesn’t judge you for your salary, they’ll judge you because you’re talking about it.

How do you respond when clients think you are too expensive sample?

Say to your client:”You reached out to me because you need help with [XYZ]. I’m confident that I can help you.””What would it mean to you if I can help you solve the [XYZ] problem immediately?””How much time/money/stress will you save if I can help you with [XYZ]?”

What happens when prices are too high?

As the price of a good goes up, consumers demand less of it and more supply enters the market. If the price is too high, the supply will be greater than demand, and producers will be stuck with the excess. Conversely, as the price of a good goes down, consumers demand more of it and less supply enters the market.

How do you propose hourly rate?

A common approach to figuring out an hourly rate is to divide the salary you want by the number of hours worked each year:40 hours/week × 52 weeks/year = 2,080 hours.$100,000 desired salary ÷ 2,080 hours = roughly $50 per hour.