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Home » The Seven Tensions of Negotiation: Cash Nickerson (Transcript)

The Seven Tensions of Negotiation: Cash Nickerson (Transcript)

Read the full transcript of author Cash Nickerson’s talk titled “The Seven Tensions of Negotiation” at TEDxHartford 2024 conference.

Listen to the audio version here:

TRANSCRIPT:

CASH NICKERSON: Have you ever negotiated at a car dealership? Yeah? Yeah. If so, you know how it works. You go into a little cubicle, you haggle a little bit, reach some kind of preliminary deal, and then what happens? They stand up and they leave. They leave you alone. Where’d they go? Where do they go?

The Dealership Experience

And what do you do? You grab your phone and you answer some emails, maybe play some video games. Look at TikTok or Facebook. How do you feel? Well, you feel like leaving, but you don’t. That pretty new car needs a home, yours. And you already invested two hours in that dealership, right?

Maybe you should go find that salesperson. So where are you going to go? It would also violate the last instruction they gave you before they left, “Sit tight.” You know, after an eternity, they magically reappear, clutching a marked up contract in their hand. “Well, you’re not going to believe this, but I got you $599 a month with only $5,000 down.” You’ve already told him, and he knows it, five times.

You need less than $500 a month in a monthly payment, and you got $3,000 for a down payment. How do you feel? Do you feel the tension? You don’t much like the salesperson by now. He’s abandoned you four times, and you still don’t have what you want. It’s got relationship tension.

You got to sit in a chair, and he gets to come and go as he pleases. You’ve got power tension. You’ve been in this dealership for two hours, still don’t know if you’re going to get the deal you want.