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This Is What I Do In A Negotiation

This Is What I Do In A Negotiation

“Terrorists have moms,” he said. Jeffrey Schilling was kidnapped in the Philippines and held hostage for 7 and a half months. The terrorists said they were torturing him.

But Chris Voss didn’t fall for it. Chris is a former FBI hostage negotiator and the author of, “Never Split the Difference: Negotiating As If Your Life Depended On It.”

“Find a way to mention his mother’s concern for him,” Chris’ boss said.

“I remember thinking, ‘That’s the dumbest idea I ever heard. A terrorist is going to care about this guy’s mother? But my boss had great insight. And I didn’t see any downside to it. So in the middle of the negotiation I said, ‘Ya know Jeff’s mom is really worried about him.’”

“What happened next?” I asked.

“This murderous, sociopathic terrorist said, ‘His mother knows about this? You tell his mother he’s OK.” Months later, Jeffrey came home.

Some hostage negotiation tactics won’t work in business or with your wife. But these five tactics will.

Use The “Hand-cuff Method”

Use this line when someone yells at you: “I can’t hear you when you’re yelling at me.”

The logic simple. People yell when they want you to listen. But if you eliminate their reward (being heard), then they have to comply. And you’ll never get yelled at again.

Push Past Threats

“People who make threats always leave themselves an out,” Chris said.

But the truth is they need you. If you’re not talking, there’s no deal. They could lose out on a sale, a new employee, or millions of dollars.

“The point of a negotiation is to find out how much money is on the table,” Chris said. “You have to push the other side as far as they’ll go… without insulting them.”

Gain The Upper Hand 100% Of The Time

“You can gain the upper hand by giving respect first,” Chris said.

Which a lot of people are afraid to do… “But that’s exactly why you gain the upper hand,” Chris said.

Become Less Busy

Rest is the new hustle.

“Anytime you slow down to do things more deliberately, you save time.” Chris calls this: “The delay that saves time.”

 Show Fearlessness

Fear can be useful. But not in a negotiation. “Showing fearlessness is a great way to inspire confidence in you from the other side,” Chris said. Forget what you have to lose. And focus on the reward.

In Conclusion

I can’t afford to lose all my money again. So if you’re on this list… don’t listen to this interview:

A) you’re related to me

B) you work with me

C) you want to sell me something.

Everybody else is welcome.

[This post by James Altucher first appeared on LinkedIn and has been reproduced with permission.]

Note: The views and opinions expressed are solely those of the author and does not necessarily reflect the views held by Inc42, its creators or employees. Inc42 is not responsible for the accuracy of any of the information supplied by guest bloggers.

Author

James Altucher

Influencer

James is a prolific writer, successful entrepreneur, chess master, and venture capitalist. He is the Co-founder of 20 companies, including some that have sold for large exits. Previously he was a hedge fund manager.

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