There are different scenarios where you will be required to write a negotiation letter. Whether it is a response to a job offer or a business deal, the process of negotiating may be challenging. If you are not confident about a face-to-face transaction, the negotiation letter is the best way to go about the business. We offer best Negotiation Letter Templates that can simplify this message writing process for you as our samples already come with content and headers. Our templates are 100% customizable and printable which would save you time and effort. Simply download the template of your choice and edit as necessary. Sign up, subscribe, and start downloading them!
How to Write a Negotiation Letter?
Negotiating can be challenging, especially if you find face-to-face transactions intimidating. One of the most common ways of negotiating is to write a negotiation letter that expresses your continued interest in a position or offer, but with a change in the terms. Whether you are an employee looking to improve your salary and compensation package or a businessman looking to earn more equity in the company, here are some tips for writing a negotiation letter:
1. Do Your Research
Do your research before you begin writing the letter. For instance, if you are negotiating your employment terms, determine what the average salary is for your position, and factor in your level of experience and other accomplishments. For business terms, consider the expertise that you are bringing to the company, and research similar deals in your field to compare the terms and negotiations of the venture.
2. Be Professional
Write a negotiation letter like you would a business letter. Avoid informal content and focus on the details that you want to convey to the other party. Emphasize the skills that you want to highlight to make you valuable in the eyes of the recipient. Remind the recipient of the negotiations and express interest in the offer. Get to the point of the negotiation in one or two sentences.
3. Detail the Terms
Indicate your negotiation offer and terms, including salary and compensation for employment, or, in case of a business transaction, your equity in the business venture. This is because the negotiation letter is used to begin negotiations, avoid putting in your best and final offers. Instead, give the recipient an opportunity to match or counter your terms.
4. Give Ample Time
Give the other party enough time to respond to your terms and include a timeline for their response. Do not forget to include your contact information so that they can reach you for negotiation or closing purposes. Before you send the letter, make sure that you proofread the document as well.
