best agent negotiation stories

Research. Agents need to know all about their client. For example, an agent for a tech startup in negotiation has to know the product inside out. So they can show value.

One key element is knowledge. Agents need to know their client's worth, like their past achievements, skills, and popularity. For example, if an actor has won awards, the agent can use this to negotiate a better deal.

In the movie industry, an agent was negotiating for an up - and - coming actor. The production company initially offered a small role with a low salary. The agent knew the actor's potential. He negotiated by highlighting the actor's training, unique look, and the buzz the actor had created in the acting community. Eventually, the actor got a lead role with a much higher salary and better terms in the contract.

There was a negotiation where an agent fought hard for better pay and working conditions for her client. The production company initially offered a low salary, but the agent presented evidence of the actor's popularity and previous box - office successes. In the end, not only did the actor get a much higher salary, but also some perks like a private trailer on set. The agent's tenacity and smart negotiation skills made all the difference.

There was a talent agent who negotiated for a singer. The singer was talented but had a small following at the time. The agent negotiated a deal where the singer would open for a very popular artist on tour. The agent presented the singer's vocal range and stage presence as strong selling points. This exposure led to the singer getting a record deal and skyrocketing to fame. In the negotiation, the agent had to be persistent and creative in showing how the singer could add value to the tour.

These stories are inspiring because they demonstrate the importance of understanding the talent you represent. New agents can learn that by really knowing what makes their client special, like in the case of the singer's agent, they can secure great deals. Also, they show that being creative in negotiations, such as presenting unique selling points, is key. New agents can see that it's not just about the client's current status but also their potential. They can be motivated to look for opportunities that might not be obvious at first, like the late - night show for the comedian, and fight hard for their clients in negotiations.

I once negotiated for a used car. I found a small dent on the side but the seller didn't mention it. I pointed it out and managed to get $500 off the original price.

One time, a friend of mine negotiated for a sports car. He noticed that the car had a slightly scratched rim. He used this as leverage and got a significant reduction in price. It was really smart of him.

These stories are inspiring because they demonstrate the power of preparation. When negotiators come to the table well - informed about the other side's needs, the market situation, and their own bottom line, they are more likely to succeed. Take a startup negotiating with investors. If they have a solid business plan, know the market trends, and understand what the investors are looking for, they can strike a good deal. This encourages others to be well - prepared in their own negotiations.

There was a negotiation between a software company and a big client. The client wanted a lot of custom features but was offering a low price. The software company pointed out the cost of development for each feature, the time it would take, and how it would impact other projects. They also showed the value their standard product could bring. After several rounds of discussion, they agreed on a price that included some custom features and additional support.