What's your best/most satisfying personal negotiation?

I know all you Savages are killing it left, right, and centre when it comes to negotations with soon-to-be clients, but what about your personal lives?


What's your favourite story/biggest win when it comes to negotating on your OWN behalf?


House? Car? Antiques? Telecomm?


I'll go first.


I haven't bought my own car or house yet (gotta love Toronto), but I renegotiated the lease on my apartment last year and and wasn't happy with what I was paying.


Rents had gone down quite a bit (pretty much everywhere) and the same unit on higher floors was actually going for less than what I was paying. I asked about that, and as I'm sure you can all imagine, my inquiry was not met with enthusiasm.


So I decided to put a case together for my a rent reduction. I put together quite an email, linking back to their current pricing in comparison to what I was paying. But they already knew that. So I found comparables. My building was finished early 2020, so is pretty damn nice and has great amenities. I found 3 other new buildings with similar finishes and amenities within about a 5 block radius, and used Way Back Machine to pull internet archives showing that they were originally priced higher than what I was paying and were lowered significantly.


There were a few other levers I pulled to be even more compelling, but a guy's gotta keep something to himself.


As always, there was some back-and-forth, but I managed to finagle a pretty sweet deal. I really like my building and the management, so I'm sure I could've pushed harder on the reduction, but I was pretty happy. I also managed to have them honour an offer for new residents and scored an iPhone.


The result:

  • ~12% reduction in rent
  • 2 free months
  • Free iPhone 12 mini


I did have to sign a new lease, but that's already up and I'm month-to-month, so it was definitely the right choice.


Your turn to share.



๐Ÿฑ Off-Topic
๐ŸŽ‰ Wins
๐Ÿ’ด Money Management
12
AnchorPoint
Politicker
4
Business Coach
Walking into a client's office, finding out they purchased from a competitor's special offer the day before, and having them call the competitor and CANCEL the order.ย  BAM!
jefe
Arsonist
3
๐Ÿ
Ice cold
CuriousFox
WR Officer
2
๐ŸฆŠ
Oh shit. You're a badass.
AnchorPoint
Politicker
1
Business Coach
Not really... however, I was a straight commission sales rep and that order represented that client's next two quarters!ย  Forced me to think outside the box with nothing to lose.
NotCreativeEnough
Big Shot
3
Professional Day Ruiner
I got a new exhaust put on my car the other day and got them to throw in a free hat so that was pretty cool I guess...
jefe
Arsonist
4
๐Ÿ
It all counts!ย 

Not a sales hat, but still
SADNESSLieutenant
Politicker
1
Officer of โ™ฅ๏ธ
Damn I want more details lol thats tight as fuck
jefe
Arsonist
3
๐Ÿ
They might be forthcoming, we shall see.

I did share it with a family member who was able to use the template/strategy and get a reduction as well
bendandsnack
Politicker
1
Account Exec
When Chicago had the silly "no liquor sold after 11PM law" & Drizly wasn't delivering in a snow storm, I convinced the driver to do a cash-in-hand 1 AM Kahlua delivery so we could make espresso martinis.ย ย 

He's still in my phone under "after 11PM liquor."ย 

Regarding sales - in the middle of a deal/negotiation with a very well known porn company that's proving to be a massive pain-in-the-ass and I'm winning.ย  Details once it closes.ย 
jefe
Arsonist
2
๐Ÿ
Well played - especially #1
Kosta_Konfucius
Politicker
1
Sales Rep
I get way too much pride in getting NFL Sunday Ticket for free, never did a big negotiation on my own. Buying the condo I was able to get under asking but that was lead by the realtor not me.
jefe
Arsonist
3
๐Ÿ
Still a solid win.
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