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In the 1991 book Getting to Yes: Negotiating Agreement Without Giving In, Roger Fisher laid out nine negotiating principles that you should keep in mind as you build and grow your business.

1. Set the tone early.
You want to offset any bad rumors and be honest and truthful. This will set the negotiations up for long-term success.

2. Use “human factors” and be open about feelings and motives.
This is key to building trust.

3. Avoid presenting too many issues, highlight the strongest ones.
Keep focused on your primary goal.
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Ben Franklin, one of the founding fathers of the US, was full of sage advice, including his five tips for better bargaining. I believe that these would be helpful for you, so I share them here.

1. Be clear, in your own mind, about exactly what you’re after.
You need to have a goal in mind, or how are you going to achieve it?

2. Do your homework, so that you are fully prepared to discuss every aspect and respond to every question and comment.
When entering negotiations, you need to come from a place of confidence and strength. Doing your homework in advance is the best way to accomplish this.
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Before I really start talking about negotiation and how you can use this skill to best effect in your business, I thought I would spend a little time going over what negotiation is — and what it isn’t.

According to Wikipedia, “Negotiation is a dialogue intended to resolve disputes, to produce an agreement upon courses of action, to bargain for individual or collective advantage, or to craft outcomes to satisfy various interests.”

O.K. That’s a lot of big words, but what does it mean to YOU, the small business owner. Let me break it down.
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Have you read Douglas Adams “Hitchhiker’s Guide to the Galaxy” series? If you haven’t, you really should. Not only is it a hoot and a half, but there are some really good lessons to be learned in there.

For example, Arthur Dent learns that the trick to flying is to throw yourself at the ground and miss. Lesson to be learned? Sometimes failure brings you more success that you would expect.

Another good piece of advice: On the cover of the Hitchhiker’s Guide to the Galaxy are the words, “Don’t Panic.” Good advice for anything in life, for as soon as you panic, you’re more likely to do something stupid and screw everything up. I know I have. Continue Reading →

So far, I’ve only talked about affiliate marketing as it relates to the one-time commission variety. But, did you know that there are affiliate programs that give you a monthly residual commission?

Residual affiliate programs usually pay only a small percentage of sales commission for every sale directed by the affiliate to the merchant’s site. This commission often comes only in the range of 10% to 20%. Because of this, many people ignore residual affiliate programs, favoring the high paying one-time commission affiliate programs.

But, sometimes it’s nice to have a monthly check coming in, don’t you think? Sure, residual affiliate programs pay at a lower rate, but they pay you regular and ongoing commissions for a single affiliate initiated sale! That means, for the same effort you might put into a one-time commission program, you get a regular and ongoing commission for a residual program!
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