Re:When negotiating a price, never bid with a round number (...
by noduerme on Friday May 06, 2022 @08:41AM
(#31284440)
>> If you and I are both estimating the value of a good, if our estimates are close it's one thing
Yeah, if I say €193,345 and they say €1 million, that last five euro would look a little stupid. This is a scenario where already being close to knowing their closing figure is everything.
The proper analysis here would be: What's the chance you get your <1% edge versus losing a deal by being stuck on a number too early?
Yeah, if I say €193,345 and they say €1 million, that last five euro would look a little stupid. This is a scenario where already being close to knowing their closing figure is everything.
The proper analysis here would be: What's the chance you get your <1% edge versus losing a deal by being stuck on a number too early?