|1. Jim, what is your approach to negotiating?2. Is negotiating a skill that you are taught in a formal classroom setting or is it a skill set that comes with experience?|
3. Tell me what you teach when it comes to negotiating different from what we’ve all seen in the win-win model.
4. What is the biggest misconception with your methodology of negotiation?
5. What’s the ultimate goal with your negotiating system?
6. What is the single most important thing one needs to know about negotiating? Is it to start out with strong demands so that you have some room to fall back?
7. So how do you factor in cultural differences when it comes to negotiations?
8. Describe for the listeners what is collective bargaining.
9. So bargaining is win-win?
10. What do you mean by hiding the ball?
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11. What skill, Jim, do you think is most critical to a successful negotiation?
12. What are the stages you go through in a tough negotiation?
13. Why should the listeners want to learn more about the subject of negotiating? What is in it for them?
14. Do you have a mind map about all of the steps or which specific steps to follow when conducting a negotiation?
15. What do you think is the most important attitude to carry into any negotiation?
16. You mentioned FBI and it just sounds like a great story. Is it something you can share?
17. So are they actually using the revamped negotiating?
18. What is the one thing you believe that all great, truly great, negotiators have?
19. How do you decide whether to negotiate something or not? What guidelines do negotiators use to determine whether or not to negotiate or not negotiate something?
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20. How do you make sure that you are dealing with the real decision maker in a negotiation?
21. There must be a lot of times in the world where people are negotiating to the wrong people.
22. I believe that negotiating is learning the beliefs and wants and desires of the other person. Do you believe that psychology plays a big role in negotiating?
23. Is there basic psychology to winning or is there a basic rule to win when negotiating like never giving in first or always give in first, etcetera?
24. How important is persuasion architecture in negotiation?
25. Jim, I’m new at negotiating. Do you currently, or did you have when you first started, a cheat sheet to keep on your mind while going into negotiations? For example, to help you remember the top five things to focus on when going into negotiations or do you have an acronym that you used to remind yourself what to keep in mind when first trying to master negotiation? Also when you first started negotiating did you have any fears going into negotiation and if so how did you overcome them and what did you focus on?
26. What is the best advice for a new negotiator to learn?
27. How do you know if you’ve negotiated the best deal, Jim?
28. How hot is the topic of negotiation skills within small companies? Is it regularly trained or is it overlooked as a skill to develop within the corporate culture?
29. Jim, do you go into negotiations knowing the exact outcome you want?
30. How do you determine when to walk away? Or, in other words how do I know when it’s time to break off the negotiation?
31. Often times the decision makers are surrounded by gatekeepers of different sorts: assistants, managers, etc. What is your best suggestion for negotiating with these gatekeepers to get through to the owner, principal, or decision maker?
32. How do you quickly determine other party’s hot buttons; that is what their number one need is out of the proposed agreement?
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33. Can an interrogative negotiation be effective when parties have unequal power where one is recognized as having a greater position or strength?
34. Jim, I sometimes deal that with international customers who seem to have no problem with win-lose negotiations, how should I deal with them?
35. What makes the difference between a good negotiator and a great negotiator?
36. Other negotiation coaches teach tactic and closing, how do you go about dealing with these types to negotiators using the Camp method?
37. Isn’t it true that both sides should feel some pain at the end of a successful negotiation? Please elaborate.
38. How do you know when you have gotten everything possible out of a deal?
39. Why don’t Power-Point presentations work? Why do so many gurus use them?
40. So often I hear women trying to act like men in business. How can women be more effective in negotiating?
41. How to I encourage someone to negotiate who refuses to consider any option other than what is best for them?
42. How much do you need to negotiate before you sign a contract? Are there details that can be ironed out after signing? Or is it good to have all the details nailed down before signing anything?
43. I would like to hear you, Jim, debunk the common myths of negotiating such as make an offer and shut up, next person to speak loses, feel free to add any of your own.
44. Hi Jim, is it a process that you follow when you are going nose to nose with the big boys?
45. How does negotiating via email differ from face to face or telephone negotiating?
46. It is more effective email or phone?
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47. What can you do when the other side won’t even come to the table and doesn’t appear to be able to afford the laid down arbitration procedure?
48. What’s the mindset you start with going into any negotiation when you know the other guy is very skeptical or defensive about what you’re proposing or offering?
49. Jim, how do you deal with people who get difficult or aggressive in a negotiation?
50. How do posture myself with confidence but not arrogance, so everybody wins?
51. How does one build trust during a negotiation?
52. Can you give some negotiating tips for people that are not naturally assertive?
53. What’s the best approach to negotiating working with a close friend so as not to ruin the friendship, but to get business done?
54. What’s the best strategy for people who are slow on their feet when negotiating has to be done in person?
55. How do personality types affect negotiating? Can you tailor strategies to specific traits or personality types?
56. What subtle body movements or voice inflections indicate to you that a client is ready to negotiate in your favor?
57. I tend to be a friendly person, but in negotiating people see that as a weakness and attempt to take advantage of that. How can I establish early on that friendliness does not mean I’m giving you all that you ask?
58. How can a person who is non-confrontational by nature, become comfortable jockeying to get what you want in a negotiation?
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59. How do I manage my emotions, for example, unhappiness and anger, during the negotiation process?
60. How can an introverted person overcome the fear of negotiation?
61. I don’t do much formal negotiating in my job, but when I do, I very often feel intimidated by the other party. So my question is, Jim, how do you control feelings of weakness and a lack of self-confidence in negotiations?
62. What should you do if you really do need to make a deal happen? How can you still negotiate from strength?
63. How much does physical stance portray in negotiations?
64. How do you deal with the adversary who brings a psychic to the negotiating table?
65. How do you persuade someone to do something if they are adamant about not doing it?
66. I’m a struggling small business owner and a marketing consultant. Is there a way to appear more confident and relaxed when sitting down to negotiate price and terms for my consulting services? I know in earlier recordings you have even recommended working part time, etc., in order to be in a better position. I’m doing quite a few things for income, but I’m still coming up short. I have a rather large opportunity coming up with a cash-flush client, and want to negotiate a long-term agreement with a significant amount up front. My true situation is that I’d take just about anything he offers, because I need the money. It’s an okay position to be in, but bad for negotiating my real needs. I’m also afraid of negative subliminal needy vibes, not just in this case, but my day-to-day prospecting and selling. Could a bad financial situation be hindering many of us in this difficult economy?
67. Are there things to look for that could indicate the person you are negotiating with is dishonest or the deal is dishonest or a lie?
68. You’re getting ready for the biggest make-or-break deal you’ve ever had and you are feeling the stress. What self-talk do you use to calm yourself down?
69. When one has a problem with self-confidence, and they come across as fearful, timid or weak to the other party in the communication of a business deal, how can that person rebound within the negotiation to gain credibility and the upper hand in the mind of the other party.
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70. Some years back I heard it said, “He who cares least, wins.” Since then I have followed this selling negotiating technique and employed it moderately successfully. It allows for me to be myself, and more relaxed when sending a positive and reassuring signal to the other guy. Truthfully I did not always come away from the table with what I wanted to occur, but often what would happen is they would call me back and tell me things like, “We like your style and feel more comfortable with you.” Or they would tell others about me. In short, I tried to negotiate in such a way that all parties were relaxed. The bonus was multiple long-term deals came my way. Any suggestions on how I can take my personal style and improve on it?
71. How do I know when I’m asking for too much in a negotiation situation? I have been told that it’s effective to appear intimidating in negotiations, however, I have a friend who is so nice and jovial when he meets people, but yet he seems to always get his way when negotiating. Please what is the best kind of persona to portray when getting into any negotiation situation?
72. With negotiating with a Fortune 500 or anybody thinking about it, how do you use your body language to determine if they are lying or misleading on an answer? Can you give examples of this if possible?
73. Why do you think reading body language and all that doesn’t work?
74. Jim, how did you get your first start in the world of negotiating? Did you intern; did you have mentor, etc.? How did you get started?
75. In the first interview we did, Jim, you mentioned you negotiated the care of premature twins. Could you elaborate a little bit on that story?
76. Jim what is the toughest negotiation situation you’ve ever encountered, other than that story, and why?
77. Describe your biggest negotiating mistake? What did it cost you and what should you have done differently?
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78. Jim, what book, or seminars, or mentor, has had the deepest influence on shaping your negotiating skills?
79. When it comes to your negotiating practice or business, what do you see five or ten years down the road for your organization?
80. Jim, what are the pre-game steps for a negotiation meeting that will ensure you present value in a win-win situation?
81. How do you determine the real criteria of your adversary if maybe doing internet research isn’t enough so that you know whether a successful negotiation is even possible?
82. Can you give me a little peek into the window of what the three-plus strategy is?
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83. When approaching big companies for the first time what prospecting strategies can one use to maximize your positioning from the beginning?
84. How do you decide what your limits are or what your limits would be in the negotiating process and what parameters do you set up to adjust your approach if the process is not moving in the direction you need it to move in?
85. If you beat someone up on price and then they relent and give you their product or service or expertise at a lower price they are losing in a way and that animosity is set and they may not deliver the value you would have gotten if you paid the regular price they were asking.
86. Before you negotiate how to you get people to hear your proposal? How do you ask for the opportunity of 10 or 20 minutes of their time to present something of value and then negotiate?
87. I was reading the press release you sent me this morning but it said it was a credentialized study and that it was being taught at Harvard and some of the other universities?
88. Jim, when you are going into negotiations I don’t suppose you do this without considerable investigation beforehand. How much time and effort do you spend in research prior to meeting with all the parties? Two, do you use a research time? And three, if so how do you hire them?
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89. If you are doing research on a person with whom you will be negotiating a large contract with and you do this research by contacting individuals who know you are a negotiator well, what questions do you ask and why? Do you have a couple questions you would ask?
90. Jim, I have heard it said that your goal should be to initiate win-win negotiating. But what do you do if the other guy is only interested in win-lose negotiation?
91. Jim, what is your best technique to turn things around when you are in the middle of a negotiation and there seems to be an insurmountable impasse. How do you keep going even if it appears that your interests seem to be at opposite ends?
92. Jim, I know that business is competitive but do you think there is room for a true win-win negotiation where both sides are open and honest so that they can both get what they want so one doesn’t feel like they are getting screwed. After all, when you make an enemy you can’t do business with them ever again so you are really the loser even though you thought that you were smart.
93. How and when do you know it’s time to walk away from the negotiations without an agreement? How do you know when to quit?
94. What is the best phrase to say when walking away from the deal to get the last chance best offer from your negotiating partner?
95. What do you do if the person you are negotiating with himself is a master negotiator, what do you do?
96. Jim, how do you reopen a negotiation when you have slammed the table and walked away saying it’s over?
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97. In negotiating with a business for its best terms, you feel you’ve gone too far, maybe a little greedy on your side, how do you pull things back from the brink?
98. Are there any specific strategies you use in negotiating when the knowledge you thought you had, had sufficient command to be successful comes up a bit short. He said it’s about impossible to be on top of every detail that comes up during such negotiations. So what happens when you come up short in your research?
99. I’m trying to negotiate a deal but can’t seem to get at the other party’s true agenda. How do I go about finding out what they really and truly want? I’ve tried asking in several different ways but always come out utterly confused.
100. Jim, when you get the feeling someone is still talking with you because they are just trying to milk more information out from you, without buying, how do you tactfully and gracefully stop the conversation by keeping the door open to be welcome again in the future?
101. Jim, how should I approach a one-sided negotiation scenario, wherein I desperately need something from the other side, but I have nothing significant to offer him or her in return?
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102. Jim, now and then I’ve had the experience of making an offer to someone and having them immediately agree to it without any further negotiation. When this happens, I generally feel that I’ve inadvertently offered too good of a deal, and that I could have done better. Is there anything I can do at that point to find out whether it’s still possible to negotiate for a deal that’s more in my favor?
103. Jim, I usually give in on some non-material matters to get what I want in the two or three points that really matter. I often find this a useful tactic, but sometimes I get criticism for giving too much, even if it’s minor points, because they believe in absolutely maximizing their position every time. If course this depends on what you’re negotiating about. What is your take on this?
104. How and when do you decide that it’s a good time to stall a negotiation, and for how long can you safely stall it?
105. Your experience must have taught you some awesome things about selling when someone you’re negotiating with is all hat and no cattle. For those of us nice guys who seem to fall for every story imaginable, could you please hare with us your biggest clues that someone is just posturing, perhaps even a tip for testing them?
106. How is the best way to handle a standstill situation, where both sides are unwilling to shift or move from hardpoint?
107. Is it really true you should never make the first offer?
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108. One of the techniques that I have been told works well is always agree with the other party and then ask them a question about the topic to bring them to your side in a progressive way. Have you used, or had any success with this?
109. Jim, they say that the first one to mention a number, or a price, or a budget, or an estimate, is the loser. I seem to be running into people who absolutely refuse to give me any idea what their budget is. What they expect to pay, even in the ballpark. Whatever I throw out they say, “Well write me up a proposal and give me your best offer.” I end up coming away thinking they’d be hard pressed to come up with $2,000 worth of work. There are a lot of folks who have very unreasonable expectations and I hate wasting my time jumping through hoops for these people because they won’t even give me a hint of what they are looking to spend. It’s always “I just need a little more information from you.” What’s the bet way to deal with situations like this?
110. Jim, I feel an important negotiating strategy is to show respect to the other side and not make them feel they are in danger of losing face. What are a list of substitution words you use to soften the dialogue from confrontational to rapport elegance?
111. So there are some physical elements that you’re teaching within your system that can have a subtle influence in the negotiation which are non-verbal?
112. In every negotiation, there comes a time when it is clear that what you want and what they want are not the same. How do you get your position out without risking the deal, while at the same time not giving up anything you don’t have to give up?
113. Can you demonstrate, Jim, an example of an interaction where you bring out your adversary’s vision of their pain and use it to Three Plus it with them.
114. Jim, are there ways to phrase your questions so that the words slip under the radar, thereby advancing your cause without raising their resistance?
115. During negotiations, I often find it beneficial to acknowledge and/or identify a negative such as, “There’s a potential with negative publicity with moving forward with this deal.” Sometimes I feel this works great and other times I’m just not sure. Any ideas or comments on a better tactic?
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116. What is the most important mindset to have when you’re negotiating something critical with someone who you are sure is not going to want to give up anything?
117. When negotiating with a committee or group, how do you bring them back around when one member starts asking about what I consider trivial things to avoid making a commitment. Here’s an example. I often get fundraiser type programs. After giving them my best offer, and concessions, one member will start asking things like, “What if we only sell X number of units?” When I have already stated there are no minimums, or about start dates, etc. When I’m looking at this point for a simple interest or not, this often leads to a long session of others asking more trivial questions and having it tabled.
118. Jim, your negotiating concepts are gold. This question deals with inertia. What are some of your better ways to get the other side to be open to new or different ideas who are dissatisfied with their current position?
119. Jim, to me, a sales conversation is all about getting to their pain through my prospects eyes and showing them how my service would remove that pain, so that they can get to the outcome they really want, while negotiations seem to encourage compromise, which would mean that even before the sales conversation begins you’ll already be making certain assumptions about what the prospects want, which is usually a discount, what is your take on this, and what do you think would produce better results?
120. After you’ve negotiated a deal, how can you avoid the other person feeling that they could have gotten a better deal? Sometimes people feel we agree too quickly and they should have offered less?
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121. What would you do in the situation when the other party won’t alter their price, and they’re not too keen on taking any add on value items? For example, buying a car, offering an item of value, example tickets to hot concert or something similar to entice or bump the deal over.
122. How do you offer a false close, to see if the other side will go for something without really committing to it? Like what words or phrases are useful for that?
123. In a negotiation, how do you determine what the other party really wants from the transaction? In many situations, a person may not feel comfortable revealing his or her true intentions or needs, so how can you get past that barrier if it comes up?
124. Most of us understand that in negotiating, the other party wants a better deal and as such we put in a buffer increase in price, whatever that is meant to be given away to the level that we ourselves want. What is another much better way of compromising and deal making?
125. When asking open-ended questions to gain information, what is the best way to stop the process from getting bogged down in social conversation? Could this simply be my problem in not focusing and planning well enough?
126. Jim, at times, I can undervalue the true worth of my services. What can I do to create a strong bargaining position? Two, I have always sought to create win/win situations in my life by trying to see things from the other party’s perspective. As a result I find myself, at times, over giving to maintain the relationship in a personal situation I am currently facing. I once read that in a negotiation I really shouldn’t be concerned about what the other party wants or needs, I should only focus on what I want or need. I have a difficult time doing this but at some level it makes sense. What are your thoughts?
127. Jim, what’s your suggestion for dealing with labor unions that hold a large degree of power in a negotiation?
128. Jim, I’m a chiropractic physician with twelve years experience. I give recommendations to patients based on what they need, and not what they can afford. For example: Pain relief for a few visits, or corrections over several months. What is the best way to give options that don’t overwhelm the patient but still allow them choices to give them help? In a written sheet with recommended services listed line-by-line item, or just a case feed given verbally across the desk?
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129. I have a question about recruiting new salespeople for insurance; also it could apply to network marketing. You talk about, in your book, about not being needy and being in the other person’s world. How would you frame a recruiting process to not be needy in your interviews?
130. Jim, I am a commodity manager. I’m on the body side for a Fortune 100 company but often have very little leverage with suppliers due to our division’s low volumes, uncommon suppliers from the rest of the company and high volatility in the electronics market. My question is what is the best way to negotiate when you have very little leverage and the other side knows it? I’ve queried numerous negotiating experts and rarely have gotten a satisfactory or helpful answer. I hope you can help.
131. Jim, I come from a nursing background and always struggle to communicate effectively with patients when they don’t want to take their medications among other things. The thought of someone being hurt or dying because of my inability scares me. How do I remove the fear? How can I negotiate a quality result?
132. As a person who is working in the music industry, I often feel that I am not getting a fair shake when negotiating music deals. I feel like people make you feel bad or lucky to have a chance. I cave under the pressure because I know getting paid is not guaranteed. How do I continue pursuing the finer points that make a difference to me financially while putting their concerns to bed, ultimately coming out on top?
133. Lately I’ve been helping small business owners sell their businesses to third parties. How would you deal with small business owners that already think they are expert negotiators? It seems that entrepreneur types are so used to going it alone that many have trouble taking advice when negotiating, even to the extent of screwing up a deal.
134. I negotiate with personal injury lawyers for a living. Most of the time it is an adversarial relationship and many times I am well aware that my position is not as strong as the attorney I am negotiating with. What is the best way to negotiate when you know you have a weaker position than your adversary?
174. How do I negotiate with my son without sounding like a dictator?
136. Jim, I’m bidding on a big contract for the first time and I’ve found myself facing a seasoned negotiator complete with their legal team on their turf. It was supposed to be a technical clarification and I was not aware that it would lead to nitpicking about the contract specifications. How do I go about skirting the issue they raised, when I am not fully 100% with the legal aspects of the contract? I don’t have my legal aid with me.
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137. I’m looking to bring a group of doctors into an investment. Most of them have little or no business experience. Some of them have been watching shows like Shark Tank and think that because they bring money to the table, they should be able to make onerous demands. They missed that people on that show bring money, know-how, contacts and a team to the table. How would you suggest negotiating with people who have the money you need but are not knowledgeable enough to properly negotiate with you and need you to educate them in the negotiating process?
138. I am interested in knowing how you would handle a situation where more than one company is competing for a contract and you want to outbid the competition but not give away the farm. How would you attempt to find out what would close the deal and lock out the competitors?
139. Jim, after reading and listening to your awesome material, when I start talking or negotiating with some I don’t really trust, what should I say when he starts with “Will this be a win/win deal?” Especially when I know that he’s not really thinking that?
140. I bought Start with No in 2003. I listen to your send off interview over, and over, and over. Both great. Question, I’ve used your methods successfully. Some clients want a contract, others don’t. Most of the time this works out. There is a thin line between trust and agreements. When should I insist on a contract? At times I’ve trusted too much and lost out on the deal.
141. I’m curious if your negotiation training is only for one-on-one sales situations, or can it be used in selling one to many. Like, for instance in a seminar or webinar?
142. Jim, I’ve enjoyed learning about your negotiating style. However it seems to take place at a high corporate level. Can your negotiating techniques work for just selling consulting services. How could a consultant employ your methods to gain a client?
143. What advice would you give people looking for jobs regarding negotiation in this soft market? The temptation for some of us to think, “Grab whatever they offer or they’ll choose someone else.”
144. When dealing with supermarket chains in our particular area, we find that they have a long-term supply agreement with our competitor who they have been dealing with for a number of years, and are unwilling to purchase from alternative suppliers. Their current supplier has a good relationship, and produces a product that is of very low cost to them. However as the supermarket profit is based on percent, and the product is basic with a low sale price, I believe they are missing out on potential profits. I’ve run this argument but have not had a positive response so far. Do you have any suggestions on how to develop a better approach on this point or where else I can look for motivation to have them switch suppliers other than price?
145. When negotiating a consulting or project fee, how do you resolve a consulting client’s initial question of, how much is it going to cost me? When even they do not have all of the required information needed up front, and the client needs information for their budgeting purposes and to report up to their boss?
146. I usually have two points in which I am prepared to close the deal. For example, what I would like, and what is the absolute minimum I will accept. The lowest point I can still make a small profit. How do I keep closest to my first point, what I would like?
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147. The best ways for consumers or small businesses to negotiate very low payments for past owning consumer credit debt. For example if you had $50,000 in debt, if you only want to pay 5% on the dollar, like your GM, what would be the best way to do it? How do you start the conversation, or would you do it by a letter first? Someone suspecting that there is a ton of people in debt, and they are asking you for some kind of way to see if they can negotiate down their credit card debt. Any ideas?
148. Jim, if I’m cold-calling a business, how do I negotiate with the gates-keeper to put me through to the owner?
149. For someone just starting out with limited resources, if you were looking to focus your attention on setting up a potential joint venture or cross-promotion relationship with a local business, what would be your approach in negotiations?
150. Jim, if someone just started a new business and wants to enter into a joint venture with an established company or a businessperson, what are some of the techniques in negotiating so I do not lose out in the joint venture?
151. Jim, how do you best influence a tight buyer when you have the best product with the highest price?
152. What would you do if a company doesn’t want to open competitive bidding? Instead of a negotiation they arrange an anonymous web auction where the cheapest supplier gets the contract. The purchasing department is not interested in additional benefits; the price is the single most important factor. How can you change this position and achieve a negotiation?
153. Jim, how do you ask for more in a bad economy when your client’s business is down and all you really want to do is work less?
154. Jim, how can I make sure my clients pay me?
155. As a business consultant, should I have a list of set fees, for example, by the hour or by the job, etc., or should I just set a high figure and hope to get it, and then negotiate down if necessary?
156. So what would you say when a potential client says “Well how much, Jim? What’s this going to cost me?”
157. How do you negotiate a deal without any money upfront?
158. A new person whom you do not know previously, wants to have a business relationship with you. Then what are the important things you should consider before starting business with them?
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159. When you feel that your relationship with your business partner is at its worst, and there is no point in return, what will be the final step that you will take to continue the relationship so that it benefits both?
160. How can I get a busy person, like a successful coach, a life, fitness, personal or money coach, to allow me to interview them in the knowledge that it’s really for my benefit? I want to use the interview as content for my website and to build a list. When they absolutely don’t need to. There doesn’t seem to be anything in it for them because I can’t offer massive publicity. After all, I don’t have a list for them, or their product. Can you give me some killer tips to almost have them begging me to interview them?
161. I prepared a marketing campaign or website for my client at cost with a promise for commissions. How do I make sure he will not find another developer or consultant after I reveal my program or plan?
162. If I don’t have a track record and I’m trying to put together a multi-million dollar joint venture deal with a corporation. How can I effectively handle this objection to questioning my lack of meaningful track record?
163. Jim, I’ll be directing a low budget, about $1,000,000 movie, with a small Hollywood studio. I’m going to organize an Amazon e-mail blast with joint-venture partners during the release. A total access to about 1,000,000 people on the list in prospects. I want to get a 50/50 deal of profits on this particular scenario, besides what we have in place. When I told this to the producer he looked at me like I was crazy. This is my first movie; they gave me a directing gig, not too much leverage. How can I make this happen or should I forget it and be grateful.
164. Jim, what is the best approach to negotiating lower living expenses (for example, rent, cable phone, etc.)?
165. With over 20 years in various sales related occupations, I continue to learn about sales and marketing techniques. I do find that no matter what I’m trying to help the prospect get involved with I have a tendency to let the client pump more information out of me, than me getting it from them. This usually ends up with us parting on good terms with them asking me to put my proposal in writing and they will look it over. My question, “Am I being too soft and do you have any fixed rules or strict path or routine that you follow to avoid this type of situation?”
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166. Jim, how do I negotiate a lease up front with the owner of the building and property I presently work out of and if and when he ever decides the sell the property to someone new, how can I protect my rights to remain at the same property to continue business operations without being forced out into the streets? I’ve personally put in over $50,000 in improvements on this property, and I’ve also used this property as my personal residence since 2006. It is over 6,000 square feet and I’m nearing the completion of a construction phase to open up a photo and video recording studio including website development center for local and national clients. Your help and advice would be greatly appreciated.
167. Jim, how do you negotiate with someone who has been burned by consultants before, and now only wants to do contingency deals? I want to get them to where they are willing to pay me and have some skin in the game and some contingency as well.
168. Jim, what can be some other forms of skin in the game other than that upfront money?
169. Jim, how do you handle three sided negotiations from a position of strength? For example, I own 50%, my partner owns 50% and we are negotiating separately with a third party to buy us out. The problem is the third party has my partner over a barrel, because he owes her money from a previous deal. How can I negotiate from a position of strength in this situation?
170. Jim, I’ve read both of your books and learned a lot from them. I pride specialty professional service that most prospects and attorneys don’t understand well. A lot of people call and immediately ask what I would charge to do X, provide my service. Unless I can have a conversation with them, almost all will just choose the lower priced provider. When they ask me how much would you charge for X, I ask them what’s most important to them? They usually say price and turnaround time. That’s all they know to ask. I’ve been telling them that my fee is the highest in my market because I only work for clients with whom I can save a least 5 to 10 times my entire fee. Compared to what they pay the IRS if they hired one of my competitors. How do you suggest I improve this answer to give the prospects a much better chance to discover that they might, or not, have the opportunity to save themselves tens or hundreds of thousands of dollars in taxes, even if my fee is maybe $5,000 to $7,000 more than my competitors fees?
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171. Jim, when I talk with companies about sending them leads, they are quick to offer a 10% commission, generally they don’t mind me up selling their products and services for more money to my clients, but refuse to offer 20 to 30% or a finders fees. How can I negotiate a higher percentage without first proving to them that I can bring them business whereas I collect both percentage of sales commissions and be able to up sell to my client base for maximum profits?
172. Jim, how do I negotiate for a sole distributor agreement when the manufacturer keeps insisting on maintaining prior relationships with current clients? How do I convince his current clients to go with me?
173. Jim, I have a chance to join a start-up business, but I don’t know how to negotiate my position. How did I find out what the other two people are willing to give up before I present my side?
174. What’s the sense you’re getting out there about people in relationship to what they know in the subject of negotiation?