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How to Negotiate Your Scholarship Offer and Ask For More Money

Written by Michael Nz. on November 17, 2023

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PhD Student Doing Research

Understand Your Offer

Before negotiating a job offer, you should take the time to deeply understand your own situation and the offer on the table. Read through it carefully and be sure to take notes, so you are fully knowledgeable of the benefits of and conditions associated with the offer. Similarly, do your own research into every detail of the position to be sure you are familiar with its benefits and responsibilities. Comparing the offer to similar positions in the same industry can put things into perspective from a financial and job satisfaction standpoint. Doing research can also help in understanding if there are other certain opportunities that have to be taken into account. It is essential to have a full understanding of the offer so you can properly assess it from all angles.

Research Other Offers

Before making a request, it is important to research other offers. Knowing what the competition is offering can give you the upper hand. Start by looking online and browsing competitors’ websites. Take note of what others are offering. This can give you an idea of what price you can expect when negotiating.

You can also reach out to your network to see what they have been offered. Speak with friends, family, and colleagues who may have experience in similar situations. These people can provide valuable insight into the market rates and help you make an informed decision. Talking to people in the industry is a great way to get an idea of what you may receive.

Make a Plan

Creating a plan is essential to ensure your offer will be successful. To start, researching other offers in the same market is key. Familiarize yourself with the different types of offers, potential sellers, and in what contexts offers may be accepted. Create a thoughtful strategy that incorporates viable information to maximize the odds for a successful outcome.

Once you have; established the type of offer, identified potential sellers, and created a strategy, the next step is to decide how you will present it. Choose an appropriate tone that will resonate positively with the seller. Provide clear and concise arguments outlining why the offer will be beneficial to them. Set realistic timelines for progression and make sure to include the full range of your offer. With a strong plan of action, your chances for a successful offer will be more substantial.

Contact the Right Person

Locating the right contact person before you make a request can be the key to success. Start by researching the organization and its structure, so you know who is most likely to be the best person to contact. Take a look at the website, read about the company and its employees, and make a list of people who might be able to help you. Ask people you know who may have previously engaged with the organization. They may have contacts or be able to provide guidance. Once you have identified someone, take the time to learn as much information about the contact as you can; this might include job title, email, material or articles he or she has published on the subject. Finally, take the time to prepare customized communication that is addressed specifically to the person. Your request will get further if you have thought through how their specific position can benefit from your offer.

Introduce Yourself

When reaching out to someone it is important to provide an introduction. Establishing your contact as someone who is qualified and knowledgeable will impress upon them the seriousness of your request. Start out by outlining what you do and why you are interested in their product or services. Provide a short summary of your accomplishments, successes, and expertise on the subject.

It is also beneficial to build personal relevance between you and the contact. Talk about your shared interests, ideas, or past experiences. This will help create an atmosphere of understanding and goodwill, allowing for more fruitful conversations and a better chance of having your request accepted.

Ask Questions

When it comes to making a request, asking the right questions will help you get the answers and guidance you need. You’ll want to consider any potential obstacles and unknowns before you give your pitch, so asking the right questions will help you build a successful plan. If you have an idea of the range of answers you should expect, then you will know what kind of response is typical. Asking questions also helps you determine the best person to contact for your request, since that person will likely be able to give you the answers you need. Take the time to research the company you are contacting and find out who the decision-maker is, as well as who will be providing the information or resources you need. Remember to be friendly and professional, and always seek out feedback. Ask questions that encourage conversation and collaboration, so that you can find a solution that works for both parties.

Make Your Request

Be clear and concise with your requests. Outline the exact information or resources you need and explain how achieving that goal will help you and/or the company. Give a timeline in which you’ll need the resources. Ask necessary questions that will make the process easier, such as how to access an online form. Be aware of the other person’s capacity and able to work within that. Finally, follow up if you don’t get a response right away.

When making a request, avoid being overly demanding or making unreasonable requests. Understand that not all goals and requests can be achieved, but strive to make your request feasible for the other person. Maintaining a good relationship is also important for future requests. Ask in a friendly manner, show respect for the other person’s time, and be sure to express your appreciation.

Be Persistent

When you are making a request, it is key to be consistent. Follow-up is important in making sure your request is heard and answered. After you have made your request, you should periodically reach out to remind your point of contact that you are still interested and waiting for a response. It is important not to be too pushy or aggressive in your follow-up, but to politely check in and emphasize your interest.

Additionally, when you follow up, even if there has been no response, doing so will signify that you are organized and prioritize your request. Being persistent when making a request will help you get the results you are striving for. Showing that you are thorough and reliable may increase the chances of your request being granted. Whether your request is answered immediately or follows multiple follow-ups, being persistent is key to achieving your goal.

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