Negotiation tips from the 2013 California Litigation Lawyer of the Year (CLAY Award), Jon Mitchell Jackson. This is the same approach I use to negotiate multi-million dollar deals. Please feel free to share if you find value in this Slideshare presentation. Also please connect with me on Twitter @MitchJackson for more negotiation and communication tips updates!
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Negotiation by Mitch Jackson
1.
2. “Let us never negotiate out of fear. But
let us never fear to negotiate.”
- John F. Kennedy
3. NEGOTIATION
Learn how to negotiate and
close deals just like the best
trial lawyers in the world.
- Mitch Jackson, Esq.
4. NEGOTIATION
Negotiation is a continuing problem solving
process. It’s getting people with both
common and conflicting interest to come
together to arrange or adjust their future
relationship by making a joint decision.
5. NEGOTIATION
Good negotiations allow for beneficial exchanges
and agreements to be made that give added
value to relationships or a particular situation.
7. NEGOTIATION
To be an effective negotiator, you must develop
and use people skills. I say this because
effective negotiation involves 20% technical skills
and 80% people skills.
9. NEGOTIATION
Understand that the other person does not really
care how the outcome of the negotiation affects
you. The other person only cares about how it
affects him or her.
14. NEGOTIATION
Don’t burn bridges. This is especially true if there
is a chance you’ll be negotiating with this same
person or company again in the future.
16. NEGOTIATION
Before starting…
•Craft a simple statement you can use to explain the
goal of the negotiations. Something you can use over
and over during the negotiations to refocus the
players.
17. NEGOTIATION
Something like, “my client is interested in buying the
house and your clients are interested in selling the
house. What can we do to get this deal done?”
19. NEGOTIATION
Agree on…
• The mutual benefit of having a successful
negotiation (both want a resolution) and
• Things or issues you each have in common.
20. NEGOTIATION
Get involved - take your time and take notes.
The other side will appreciate you taking the time
to write things down (even if you really don’t
need to).
22. NEGOTIATION
Control your emotions and appreciate what
the other person is probably going through.
“Emotions are important for the journey… but
I don’t let them drive the car!” - Dondi
Scumaci
23. NEGOTIATION
Deflect, reflect and then select. Before
responding, learn how to take time and let
something bounce off you, reflect and think
about it, and then select your response.
24. NEGOTIATION
Tap into the other person’s belief system. In all
negotiations there are generally three truths:
your truth, the other person’s truth, and the
actual truth.
40. NEGOTIATION
Do not include person with authority directly in
the negotiations. Keep option open, “I need to
run that by my partner…”
41. NEGOTIATION
Along the same lines, do not agree to negotiate
with the other person unless he or she has full
authority.
42. NEGOTIATION
Never tell the other side they are wrong. Instead
use this, “I know how you feel. I use to feel the
same way. But then I found out about AAA and
now I feel BBB.”
44. NEGOTIATION
Always leave a “back door” or “exit strategy” for
the other person. Allow him or her to save face
and avoid embarrassment (especially in front of a
client).
45. NEGOTIATION
When the time is right, never be afraid to close
the deal. Ask for the sale or ultimate desired
outcome.
46. NEGOTIATION
Avoid buyer remorse. If documents are
necessary, have them ready to go and don’t
leave until they are signed and all terms are
properly confirmed.