How to Become a Better Negotiator?

There are three main tactics to help you seal the deal when it come to negotiation. The ability to be an effective negotiator is crucial in business and in general, daily life. A common misconception is that negotiating is all about bargaining- it is not. Below are the 3 SECRETS to become a better negotiator and also a better communicator:

1. Listen empathetically, be an active listener (do this to find what the other person is looking for)

2. Preparation (tip: never go straight to a number/price). Prepare yourself for the deal (I.e. do you research on that product, on your negotiation partner, on the market price for that item).

3. A MYTH! : “Never make the first offer.” (Tip: set these 3 things: goal, target, & bottom line) The worst case scenario is breaking even. Instead, make knowledgeable offers!

I learned all these secrets from Professor Mori Taheripour and you can learn more about negotiation with her Must-Read book (https://www.amazon.com/dp/B07X9HJNWP). (NOT SPONSORED)

Here's a story of how I lost $500,000 in the stock market. I hope the story will give you some insight into the world of investing. From there, I will give out my recommendations of personal investment strategies:

The strategy I follow when it comes to investing in stocks is the buy and hold strategy. A common misconception that you should avoid is to day trade/swing trade/speculate.

Don’t be fooled by guys selling your stock trading programs or stock tips that will generate quick wealth. If you don't want to research into specific stocks, buy into funds like QQQ & SPY and make 6-8% annualized gain.

Avoid investing completely in one company and learn to diversify. It’s too hard to time the market and you’ll actually end up losing money by trading stocks. STOP TRADING AND START INVESTING (SHORT TERM vs. LONG TERM).

“Overnight rich” stories that seem too good to be true, ARE. Creating wealth is a LONG TERM process like anything good in life.

Or, if none else, simply invest in YOURSELF and your own ventures.

I'm launching a new campaign called the NXT Idea Fund where each month I will give away $1,000 in total to two different people ($500 each) who participate and share this video.

To enter in this monthly giveaway,

1. Subscribe to My Channel

2. Follow me on Instagram: http://instagram.com/itsdawei (where I will be announcing the winner next Sunday, April 7th)

3. comment how you would use the money to aid in a passion of yours, try something you have not tried before, start up your very own business/venture, taking a class, etc. Anyway you would use this money in a positive way is UP TO YOU!

Share to your friends to spread the word. If you do win, the only requirement to redeem the CASH is a video chat with me to share your idea and how you will spend this $500 for your passion. Can't wait to meet all of you thorough this journey!

Links:

Community Guidelines: http://www.youtube.com/t/community_guidelines

Terms of Service: http://www.youtube.com/static?gl=US&template=terms

* YouTube is not a sponsor of this contest and require users to release YouTube from any and all liability related to this contest.

Are you thinking about a gap year before college? In this video, I will discuss my experience with taking gap years in college along with some of the myths that come with gap years. Gap semesters have tremendous benefits and I highly encourage those of you heading to college or in college to take that opportunity and gain new perspectives!

In this three minute video, learn to scale and grow your business from freelance to a working, cohesive group of people with like minded goals.

As young as a seventh grader, David began producing income which lead him to becoming self-sufficient by his first year of high school. Now, at only 25 years of age, David Zhao (NXT) sits comfortably in his self-earned millionaire status. Here is how he obtained such a title.

Do you ever think to yourself, "if only someone would've told me..." Well here is some insight to save you another one of those regretful moments of "I wish I would've known better."

Here are five reasons you might want to reconsider entrepreneurship. Only 4 minutes to find out why!

Learn why entrepreneurs not being risk-takers is actually a myth!

What's the difference between a beginner and a seasoned entrepreneur? Find out in less than five minutes!