How To Negotiate Like A Pro | Advice For Improving Your Negotiation Technique With Chris Voss

Video Statistics and Information

Video
Captions Word Cloud
Reddit Comments
Captions
(upbeat music) - So yeah. You've now moved into the business world where you're working with entrepreneurs. How have you found the ability to negotiate? - Well hostage negotiators really kind of dealt with two types of people on a regular basis, people that are kind of upset or concerned or worried or felt like they had a lot on the line, or real mercenary types. - Mm-hm. - It's what entrepreneurs deal with. Entrepreneurs are dealing with real mercenary types. You know, an entrepreneur, hopefully your small company will get that big contract, or the big contract with that big company. But the representatives from the big company are mercenaries. - Absolutely. They will screw you into the ground. - They will screw you into the ground. And the crazy thing that it took me a while to catch up on after I left the FBI, the person that will screw you into the ground is the exact profile of an international kidnapper's negotiator. - Really? - Exactly, same. They'll push you around, they pick on you, they're harsh, they can be threatening, they can be demanding, or in a really nice way they can ask you for really bad things. - And you know what? A lot of the people tuning in can absolutely relate to that because in the UK especially, some of these really big corporations, especially the construction companies and everything, that's exactly what they do. And in fact there's a company that's just gone bankrupt in the UK-- - Mm-hm. - They're called Carillion. They were the UK's largest construction company and actually do you know what? Their behavior, they just used to take the little man and they used to just take advantage of the entrepreneur. - Yep. - And I think the entrepreneur just didn't know how to deal with it. They just felt totally powerless. And I think that-- - Yeah, absolutely. You feel powerless because the other half of the people the entrepreneur is dealing with are not trying to screw him. So you try to be collaborative with someone and you're trying to help 'em. An entrepreneur wants to help people. If you become an entrepreneur, if you start a business, you want to create a business that is driven by your passion-- - Absolutely. - That literally you have a vision to help make the world a better place. I'm gonna change the world. I'm gonna bring in this product. I'm gonna help people. And so half the people you deal with, they're not trying to screw you and you work collaboratively with them and you can make great deals. You take that exact same vulnerability to the guys trying to screw you-- - Mm. - And he's gonna beat you up, he's gonna pound you into the ground. So those were the two types of people that as a hostage negotiator we dealt with and had to deal with daily. - So you take an entrepreneur, you know the two situations they're dealing with, how do you help them? - Well, what we like to call two millimeter tweaks. - Okay. - We put in the two millimeter changes, the two millimeter slight adjustments. And a lot of them are, none of the adjustments were big, most are very counterintuitive. - Mm-hm. - Or most are, like you have an experience that tells you that it won't work when in fact you just weren't doing it right. A great one is if there's a negative dynamic between two people, if I'm doing business with you, and I sense a negativity from you, then my experience is if I say, look, I don't want you to feel negative about this, it's gonna make you mad. - Mm. - And it's gonna backfire. I don't want you to think I'm pushing you around. Any negative you wanna deny, your emotional intelligence, your gut instinct is appropriately picking up there's a negative there. You wanna say don't feel that way 'cause it's not true. You do that and it didn't work or it either fell on deaf ears or made things worse. So the two millimeter change, the hostage negotiator, don't deny it, but observe it. - Mm. - 'Cause empathy, again, is understanding the other side's side without agreeing or disagreeing. So in theory that sounds okay but in practicality the other guy thinks I'm a bad guy. Or if you think I'm pushing you around you don't wanna call it out in a soft way. You wanna say either don't do that, don't think that, or stop doing it. But the hostage negotiator's way is just to observe it. You know, it seems like you think I'm picking on you. Seems like you think I'm pushing you around. Or again, flip side, bully's threatening. What do you say to a threatening bully? One of our CEOs that we coach who loves this, loves it, and he's a super quiet guy. You don't gotta be loud, annoying, obnoxious, the loudest guy in the room to be the best negotiator. Usually the quietest guys are the most dangerous guys. This guy's a quiet dude. He gets invited in to dinner with the biggest player in his industry, the biggest bully. - Right. - And he thinks it's a get-to-know-you dinner. The bully's there to pound him into a deal. Completely catching him off guard. And there not that long and the bully from the other side literally says "Look you guys gotta understand, "if you guys don't sign these contracts, "make these agreements, "there's gonna be consequences in the industry." So he just goes real quietly, "Sounds like you're "threatening me?" And the guy goes "No, no, no, "not threatening you at all. "Not at all, don't take it that way. "But, you know, I want you to understand, "you know, things are gonna be bad "if you don't sign." And he goes "Sounds like you're gonna make bad things happen to us?" "No, no, no, no, no." So he fed it back to him four times and the bully backed off completely. Now the brand new CEO happened to have his secretary with him, she'd been in that position for a long time. - Uh-huh. - So she'd seen that bully screw people down, all of his predecessors and have them give in or get mad or any sort of, and she's shocked that in less than a minute and a 1/2 he's got the guy completely settled down. But it's a very counterintuitive approach. - Mm. Yeah, most people would just attack, capitulate, and just fall apart. I mean that's-- - So many different bad choices. - Yeah. - But all he did was, you know, we taught him identification is not agreement, it's not disagreement, deference is power. Say things in a very, you'd be shocked what you can get away with with deference. So in a very deferential way, the guy, he is in fact being threatened, he could say "Sounds like you're threatening me!" Or "Are you threatening me?" So just with deference he went like "Sounds like", you know, kind of innocently too, innocence, there's great power in the delivery. "Sounds like you're threatening me?" And the guy had to do it four times, but the fourth time, maybe a minute, it's all gone. - Yeah, normally the bullies are used to somebody trying to come at them and they've got all the power when you start, yeah. - They want one or two things. They want you to fight back 'cause they like a good fight, or they want you to turn and run 'cause as a predator, they like the prey to run from them. - Mm. - They love that. And this is really kind of not being rattled, it's just kind of being curious. You know, being fearless enough to be deferential. You know, the power in deference is through the roof. You got to be fearless to be deferential. Most people it's a very counterintuitive thing. I don't wanna look weak. Well that means you're not fearless, you're very fearful, you're fearful of looking weak. You're so confident in your strength. I can't remember, I think I saw a quote one time that was attributed to Indira Gandhi who was prime minister of India at one point in time? And she said "Don't be so humble, you're not that great." (laughing) - Brilliant. - But yes, you know, the people on their A+ game are quiet, they're calm, even deferential. There's a um... One of the greatest trial attorneys in Los Angeles, brilliant trial attorney. And me when I think of trial attorney, I think of an attack dog. - Yeah. - Somebody you know is gonna "Hey, wouldn't you admit!" I get him to talk to my class and he walks in and he says "Secret to negotiation is being nice and gentle." 'Cause he knows, first of all you look fearless, you look like nothing rattles you, and the bully will drop their guard. And you want the bully to drop his guard. And that's the only way to get the bully to drop their guard. - Absolutely. So your book. And entrepreneurs watching this, they're thinking okay, how is the book gonna help them? - Right. As an easy read I tell a lot of people, read the first five pages. Don't read after five pages if you like, promise me you'll read the first five pages. Because in the first five pages there's a very counterintuitive way of defending yourself - Mm-hm. - That's really digestible. Like you know, you see how it works, you know what I want you to do. You don't have to be Elon Musk. You don't have to be the most, Stephen Hawking, you don't have to be the most brilliant man on the planet, or woman, to understand what I'm trying to get you to do. It's counterintuitive, some of it will scare you. But it's very digestible and all you have to do is be willing to try 'cause it's simple to learn. It's not complicated. It's scary. - Yeah. - Counterintuitive stuff will scare you, but that doesn't mean that you don't understand the methods I'm trying to get across. - Well they need to practice it really though. That's the thing. It's actually, when you're exposed to something new, yeah, it is scary. - Yeah. - But the reality if you're gonna want to, sort of, be successful and actually be a great negotiator, guess what you're gonna have to do? Practice. - You gotta take it for a road test right? - Absolutely. - Gotta take it for a test drive. - Well, Elizabeth earlier in her keynote speech today, she did say "Well practice makes permanent." - Ah, yeah. - And that's an absolutely great quote. - That's a great quote. Very good. And that's exactly what happens because you build the neuro synapses. You build that unconscious competence from practicing. - So what would be the top tips you would give to entrepreneurs? They're tuning in. What would you say to them? What are your top tips about negotiation? - Um. With just a little bit more time upfront in the negotiations makes implementation far easier. We like to say yes is nothing without a how. People love yes. Yes doesn't do you any good. - Mm. - How is where money is made. How is in the implementation, how is in the profits. And, you know, the other tip is there's a significant number of people you're doing business with that are only gonna waste your time. You know, entrepreneur's desperate for the first deal, or they're living deal to deal and the idea of saying like no, push people away. Well, what ends up happening is you get a lot of people wasting your time. If you can eliminate the people wasting your time, then, you know, they say air rushes into a vacuum, the people that won't waste your time are gonna appear in front of you. - Absolutely. - Or I'm no longer marketing to the guy who's not gonna buy, soon as I put my efforts someplace else, the person who is gonna buy, I'm gonna find him. So, get rid of bad deals, bad customers, bad prospects first. We actually call that proof of life of the deal. - Okay. - Find out, you know, 'cause as a hostage negotiator if they haven't got my victim on it, well why would I want to negotiate with them? And that happens a lot in a hostage, in international kidnapping, fake groups will call the family claiming to have the person trying to get a quick payment, and sometimes get it. They never had the person. - Yeah. - No proof of life. - And it's the same thing with business really. - Exactly right. - And actually do you know what's quite interesting, one thing I've picked up today is a lot people go out there and they get all the best sales training in the world, but actually that still doesn't get the results because they're still not asking the right questions. As you say, they don't find the proof of life for the deal. - Proof of life for the deal. Yeah, so which means be willing to understand that the, you gotta get proof of life from the person that you're talking to first. - Yeah. - I'll give you one of our insider's tricks. Early on in the deal you need to say to somebody, why me? You know, why would you ever do business with me? There's all sorts of vendors out there, there's a lot of people that deliver, you've got great relationships already, why me? Now what you need to know is you already know why you, but you don't know the parts of the why for you that fit to them. - Yeah. - So what they will do is a value proposition if you will, that will trigger them into telling you which part of your value proposition is actually valuable to them. - Mm. - Or if they don't respond, you're the fool in the game. - Yeah. - They're trying to get information from you. They never plan on doing business with you, but they want as much information from you as possible. - In the UK we call it the yardstick. - Yeah. - When they'll get you to come out. They'll squeeze you for information and then use that information to then trade with other people, batter down their price. - Exactly right. - Yeah. - Yeah, yeah. And so that probably, chasing a deal that will never happen is... hurts entrepreneurs more than anything else. - It happens all the time. It's day-in day-out for many of them. - Yeah. And so we coach people how to get rid of that stuff, clear the way. So you can find the people that do wanna do business with you. 'Cause air rushes into a vacuum. You're gonna find those people. - And again, same thing. I mean whether you're dealing in a sales scenario, whether you're dealing with teams as well, with your own team, this stuff really does help doesn't it? - Yeah. Yeah. - Creates good, positive, healthy relationships. - Yep. - And probably allows you to become that stronger leader within your organization. - Absolutely. Absolutely, yeah it does. - So, I mean there's a lot of great learnings to be had here and for those of you that are on today's episode, I would highly recommend you go out there, and your book's available on audio as well? - Yep. - So you can either get it in the book format or the audio format. Start looking at negotiation 'cause the reality is sales training is crucial, but like negotiation, well, that's part of any process whether it's sales, whether it's leadership. If you can negotiate, you're 3/4 of the way there. Well Chris, you know what, thank you so much for joining us today. - My pleasure. - If there's anything that you related today that you want more information on, you want to dig a bit deeper, head over to boolkah.com and get in contact. We've got Chris's details on file if you want to get a hold of Chris, let us know. We'll introduce you. And again, once again, thank you for coming in. - Pleasure is mine. - And remember failing to learn is learning to fail. (inspirational music)
Info
Channel: Peter Boolkah - The Transition Guy
Views: 3,386
Rating: undefined out of 5
Keywords: how to negotiate like a pro, negotiation technique, how to negotiate, chris voss book, Never Split the Difference, negotiate to win, negotiating for success, learn to negotiate effectively, negotiating with clients, negotiate like your life depends on it, negotiation game, negotiating in sales, negotiation basics
Id: CRqni0iz94Y
Channel Id: undefined
Length: 15min 30sec (930 seconds)
Published: Wed Mar 07 2018
Related Videos
Note
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.