Coaching practices for How to Optimize a Deal

Describe almost anything you are working through and IX Coach finds the practices whose real-world fit is closest. For How to Optimize a Deal, these are the strongest matches in the current practice library.

Does this sound like the set of challenges you might be facing?

• We’ve just shaken hands on something we both accepted, but I have this nagging sense the deal isn’t as good as it could be for either of us
• We finally reached a deal, but I have this nagging sense we both grabbed the first version that worked just to be done
• The deal is closed and fine, but I keep negotiating in the dark
• I can’t get a read on what the other side actually cares about most
• There are several things on the table here, and some matter way more to me than others

Practices that may help

1. Propose a post-settlement settlement to optimize an agreed deal
   After reaching a deal, offer to see if you can both do better — many agreements leave joint value on the table.
   ZOPA: The Zone of Possible Agreement
2. Use a post-settlement settlement to improve a deal after agreement
   Once you have a deal, offer to keep exploring whether a better one exists for both sides.
   Expanding the Pie: Negotiation Beyond Splitting the Difference
3. Run a negotiation debrief to learn what value was left on the table
   After closing, compare priorities with the other side to see the trades you both missed.
   Expanding the Pie: Negotiation Beyond Splitting the Difference
4. Make multiple equivalent simultaneous offers (MESOs)
   Propose several package deals of equal value to you — see which the other side prefers.
   Expanding the Pie: Negotiation Beyond Splitting the Difference
5. Logroll by trading issues of unequal importance
   Concede on what matters less to you in exchange for gains on what matters more.
   Expanding the Pie: Negotiation Beyond Splitting the Difference
6. Share information to unlock value
   Reveal interests (not your bottom line) so both sides can find the better deal.
   Win-Win Thinking: Expanding the Pie
7. Evaluate offers on their content, not on the timing of when they arrived
   A good offer that comes late in a negotiation is still a good offer — don’t discount it because of sunk cost.
   The Flinch and Reactive Devaluation, Made Practical
8. Accompany your final offer with a small non-monetary concession
   Adding a low-cost non-monetary item to your final offer signals genuine limit while giving the counterpart a win.
   The Ackerman Method, Made Practical
9. Use the Ackerman bid sequence: 65%–85%–95%–100% of target
   Make four calculated offers that converge on your target with shrinking steps — each concession signals you are approaching your limit.
   The Ackerman Method, Made Practical
10. Bridge disagreements with contingent terms
    When you disagree about the future, bet on it — tie terms to what actually happens.
    Win-Win Thinking: Expanding the Pie

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