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Why An Attempt At Salary Negotiation Might Fail

Last updated on September 4, 2018 By Millennial Boss 2 Comments

This post may contain affiliate links which means I may receive a commission if you purchase through my links. Please read my disclosure for more info.

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My friend Emily made $375,000 on Etsy in her first 2 years selling digital products. She's a new coach in the E-Printables online course teaching you how to get started with this side hustle too. She's a mom of two kids and does this part-time. Join us?

We’ve been told to always negotiate our salaries but it doesn’t always work.

Here is why a salary negotiation might fail.

 

can-you-negotiate-salary

 

Your Don’t Meet The Criteria for a Successful Negotiation

Consider the following:

  1. How much does the employer want you? (HIGH is good)
  2. How much do you need the job? (LOW is good)
  3. How qualified are you for the job? (HIGH is good)
  4. How much more are you asking for? (LOW is good)

If you don’t meet at least three out of four the criteria, it might not be a good idea to negotiate your salary.

Negotiation your salary is always a risk.

 

The Employer Withdrew the Offer

This happens to some people who negotiate their salary.

The employer might provide you a counter-offer or they might walk away.

Do not negotiate if you’re not prepared to walk away or lose the job!

 

 

Additional tips for salary negotiation:

Harvard Business School has a great article on salary negotiation that discusses everything from timing your offers (which is very important!) to connecting with your recruiter on a personal level to get what you want.

 

Related: How to Negotiate Your Salary Successfully

 

Readers, have you ever had an employer walk away from an offer?

Negotiating your salary is always a risk. Here are 4 criteria to consider before you attempt to increase your income. #salarynegotiation #workplace #tips

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Millennial Boss
Julie paid off nearly $100k of debt and is on her way to financial independence. She is the creator of the Make Money with Printables side hustle course where she teaches people how to sell printables on Etsy and blog as a side hustle.
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Filed Under: Career, Job Search

About Millennial Boss

Julie paid off nearly $100k of debt and is on her way to financial independence. She is the creator of the Make Money with Printables side hustle course where she teaches people how to sell printables on Etsy and blog as a side hustle.

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Comments

  1. Harley says

    December 22, 2016 at 11:10 pm

    Great story. Good to see this hasn’t discouraged you from trying again.
    If possible it helps to have more than one offer at a time, so you can play them off one another. Negotiation is easy after that.

    Reply
    • Julie says

      December 29, 2016 at 4:05 pm

      Yup! Leveraging another offer is a great strategy.

      Reply

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About Millennial Boss

Julie paid off nearly $100k of debt and is on her way to financial independence. She is the creator of the Make Money with Printables side hustle course where she teaches people how to sell printables on Etsy and blog as a side hustle. Learn more..

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About Millennial Boss

Millennial Boss is a lifestyle and personal finance blog created by Julie, who paid off six figures of student loan debt and is now on the path to financial independence and early retirement through side hustles. She lives in Seattle and teaches others how to start blogging and sell printables on Etsy.
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