659: How to Get More by Saying Less in Negotiations with Fotini Iconomopoulos

Pete Mockaitis
Fotini, thanks so much for joining us here on the How to be Awesome at Your Job podcast.

Fotini Iconomopoulos
Thank you for having me. I’m excited to have this conversation.

Pete Mockaitis
Oh, me, too. And I’m excited to hear a little bit about your time on Canadian Idol.

Fotini Iconomopoulos
You had to start there, huh?

Pete Mockaitis
Sure.

Fotini Iconomopoulos
That came up because I was dating somebody who has kind of dared me to do it. His family was really big on karaoke at Thanksgiving and stuff like that, and he’s like, “Oh, you have to do this.” I’m like, “Oh, what for? It’s just going to be ridiculous.” And I said, “If you wake up at 4:00 in the morning to drive down,” because I didn’t live in Toronto at the time, “…to drive down to Toronto, then I will happily go do it.” And I didn’t think it would ever happen because he woke up at 2:00 in the afternoon usually, so. We were students.

And when he did it, I was like, “Damn, I guess I have to follow through with it.” So, it was a very interesting day. We went from 9,000 people wrapped around what was, at the time, called the SkyDome where the Blue Jays played their home games, and the second day we were 900 people. And I can tell you that all of those folks who you see on television you go, “No, they don’t really think they’re good. They’re doing this just to get on television.” I can assure you they really think they’re great.

And so, there’s a lot of people in that 900 who were chosen because it made good television and there was a lot of really talented people who never made the finals. So, ever since then, I just can’t watch reality television.

Pete Mockaitis
Because you just sort of feel the cringe and emotional connection to those who are being embarrassed or is that the driver there?

Fotini Iconomopoulos
Yeah, it’s like you can see how they’re curating it for television, and I’m like, “Oh, that’s not reflective of like…” The people who won were fine but the people I’ve met in the lineups and who I made friends with there, they were amazing, and I was like, “How are you not making it through?” and they didn’t have that ugly-duckling kind of story that the television producers were looking for. So, ever since then I think reality TV just isn’t for me.

Pete Mockaitis
Yeah, that is disillusioning. So, you’re not actually seeing the greatest singers there are. You’re seeing good singers who have a compelling story.

Fotini Iconomopoulos
Yeah, I think the Kelly Clarkson’s, because American Idol happened way before Canadian Idol did, I think that was likely compelling, a very talented person without needing to scrub the story. But what we saw in Canada wasn’t really reflective of what our talent pool is like.

Pete Mockaitis
Okay. Well, thank you for peeling back the curtain there. I auditioned for The Real World once but it was not much of an audition. I just waited in line for a really long time and sat in the room, and then introduced myself. That was it. It didn’t come to pass. Probably for the best, I think.

Fotini Iconomopoulos
I was actually on The Real World once, kind of accidentally.

Pete Mockaitis
Oh, no kidding?

Fotini Iconomopoulos
Yeah, I was in Cancun on vacation and we met a bunch of people out and about, and they’re like, “Come back to the hotel with us.” Like, “What? Are you crazy? I’m not coming back to a hotel with a bunch of strangers.” They said, “Look around you. We have a zillion and one camera people. Nothing can happen to you.” And I was like, “That’s kind of fair.” It was actually quite boring because I was like, “I’m not going to do anything stupid that’s going to appear on television. I’m out.” So, yeah.

Pete Mockaitis
Yeah. Well, it sounds like you said less and you got more when it comes to your life results.

Fotini Iconomopoulos
Absolutely.

Pete Mockaitis
The poor segues is not my favorite part of the show, I think. And so, that’s the name of your book Say Less, Get More: Unconventional Negotiation Techniques to Get What You Want, and that’s pretty cool. And I think negotiation is one of those topics which sounds just kind of sexy and fun. We got Chris Voss, an FBI hostage negotiator, on the show some time ago. And so, I think some of those skills just can make you feel like a cool Jedi with powers if you know these negotiation moves. But I’d love to hear the practical considerations for your everyday professional who maybe doesn’t make deals on a regular basis, they’re not in sales or an agent. What is the case for why most professionals could benefit from sharpening their negotiation skills?

Fotini Iconomopoulos
I think most people don’t realize that they are, in fact, negotiating a lot of the time because what we hear on TV and pop culture, it’s all about people asking all the time, “Ooh, your life must be like the show ‘Suits,” right?” And I’m like, “Actually, it’s quite boring. If it gets to that point, it means they’re in deep trouble and they should’ve called me a long time before that.”

So, it’s not about the slickest salesperson who does the negotiating, we’re actually negotiating constantly. Every conversation you are having where you’re trying to get somebody on board with your idea, so, in essence, leadership is a negotiation. Every time you are dealing with a toddler who’s having a temper tantrum, you are, in fact, having a negotiation.

Pete Mockaitis
Yeah, what’s up with that?

Fotini Iconomopoulos
And it happens with our peers. It’s not always about money exchanging hands. It’s often qualitative things that we’re talking about as well. So, I think people don’t recognize that they are, in fact, negotiating more than they think they are, but there’s also opportunities to improve your life and reduce your stress if you can spot them.

Pete Mockaitis
Well, yeah, tell us about spotting those opportunities. Like, what might be an opportunity that just passes us by and didn’t even occur to us, like, “Oh, maybe I should speak up or speak less, I don’t know, and negotiate that”?

Fotini Iconomopoulos
Well, I would say, pre-COVID, one of the big questions I was often getting was, “How to negotiate more flexibility?” People are so stressed out and burnt out at work, so time is our most important component of negotiation, it seems, these days. And so, when it comes to that time factor, it’s, “How do I get some of my time back? How do I create some boundaries? If my colleague or manager at work is constantly asking me for additional things, ‘Can you do this extra thing for me? Can you work late on this?’ how do I spot the opportunity to go, ‘You know what, I can say no and I’d actually get both of us quite happy about it because I can do it in a way that’s going to be cooperative and come up with an alternative solution for us”?
So, those are the most obvious ones to me that are most often overlooked for most people. And, especially, those folks who find themselves constantly burnt out and going, “Why am I getting all this stuff piled on me?” Well, it’s because you need to have a more appropriate conversation to manage the flow of work and to help people understand how to create that empathy and make sure that they are thinking about some of those things that perhaps you haven’t raised and vice versa.

Pete Mockaitis
Well, Fotini, please tell us this magic in which we can say no and the other person will be pleased. Can you maybe give us a demo of how it can unfold in practice?

Fotini Iconomopoulos
Well, there’s a couple things that come to mind. One is what I call the four magic words of negotiation. And it is very simple, and it is, “If you, then I.” And by using those four magic words, you are introducing conditional training. So, when someone says, “Hey, can you help me with this project?” you could go, “Absolutely. If you can help me with this other project or if you can take something else off my desk, then I’d be happy to help you with your current project.”

Or, “If you can give me flex days next week then I’d be happy to stay late today.” But it seems like it’s a gift, it’s a more collaborative conversation when you finish with the “then I” piece, I think, that you’re going to get out of it. But if you start with the “If you…” the thing that I need to get out of this, this is where I tell people you can be a little bit selfish because you want to take something first and then you want to finish with the gift, and it sounds like a gift.

But if you do the reverse of it, if you go, “Yeah, I’ll do that but only if you do this thing for me,” now it feels like a punishment even though it’s the same proposal. So, those four magic words are going to be really important in terms of helping people move forward and create some trades whether it’s trades for time or trade for effort or reduce stress levels and so on.

And then the other thing that comes up frequently is this comes straight out of the Persuasion textbooks.

Pete Mockaitis
We got Bob Cialdini coming up on the show. Woohoo!

Fotini Iconomopoulos
He’s one of my favorite people in the whole wide world and I cite him in my book and I talk about so many of his lectures all the time. And I guess this is a bit of a spoiler in case he does come on, but one of the things that comes up frequently when I’m speaking, in women’s groups especially, is people are wondering, they’re like, “Why am I always getting all of this extra work piled on me?” And I ask them, “How are you responding when people thank you in that moment? When you’ve done something nice for someone and they say, ‘Thank you,’ what’s your natural response?”

So many people say their response is, “No problem.” Well, if you’ve just told me, “It’s no problem,” then it’s not going to be a problem for me to come back and dip into the well all over again. But if you were to pause for a moment and think about all this whole say less, get more concept, take a second to think about it, you have a moment of power where you could say, “I’m sure you’d do the same for me.” And, now, suddenly, one of two things are going to happen.

They’re going to go, “Yeah, I would do the same thing for that person,” and then we log this into my subconscious brain and, when the opportunity comes up, I will do something for that person. Or, they’re going to go, “Oh, no, I wouldn’t do that thing for her. I’m definitely not going to go back to this person because I don’t want to feel guilty about it.” So, you’re preventing them from burning you out and continuously dipping into this well.

Pete Mockaitis
Well, Fotini, I want to talk about that specific phrase actually because I’ve said it before and I felt a little weird when I did. It’s almost like I feel like I’m saying and they know I’m saying, “Yeah, well, you owe me, buster.” And so, I don’t know if that’s how it comes across, and maybe it does and maybe it doesn’t. But are there any alternative ways you like to express that? Sometimes I say, “Hey, of course, we’re all on the same team,” which is a little bit, it’s not as direct in either way in terms of me feeling weird or the reciprocity power I’m trying to extract from it. But how else could we say that phrase?

Fotini Iconomopoulos
Yeah, there’s definitely other ways to say it. And one of the things that you tapped into is it’s got to be authentic no matter what is coming out of your mouth. If I’m giving you advice, or the FBI guy is giving you advice, or Mr. Cialdini is giving you advice, whomever is going to be telling you these things, if it doesn’t feel authentic, it’s not going to work because you’re going to stumble all over your words and it’s going to just come out like verbal diarrhea, so it’s got to be authentic for you, but the principle is the key.

So, what you did there is you didn’t do the “No problem” and threw away your power or gave them power. You neutralized it. And so, the issue I have, more than anything, is the “No problem” moment. So, what you said works perfectly, and other things are. When people thank me at the end of a session when I’m doing a keynote or Q&A or something like that, one of the things I like to tell them is, “I appreciate that.” It’s not a “No problem.” I made the effort to show up here today but I appreciate that. It’s neutralizing it as opposed to just throwing it away.

Pete Mockaitis
And I like that because I think I even said to my wife a few times, “Thank you for thanking me,” and that just feels a little cheesy and almost like…but “I appreciate that” sometimes the specific words make all the difference, and I love that because you are acknowledging that you appreciate the thanks, which some people just don’t give. That’s a free tip, thank people. And it’s true. So, I do, I do really appreciate it. Words of affirmation, I like them, one of my love languages. So, game on. I appreciate that. That’s good.

So, boy, we’re already getting so much good stuff here. So, sometimes though it’s not about saying a particular phrase. The title of the book is Say Less, Get More. What do you mean by say less?

Fotini Iconomopoulos
So, it’s two-fold. One is you really actually have to stop talking because people will think and talk at the same time and talk themselves out of a deal. I see this happening all the time whether you’re a junior account manager or you’re a C-suite executive, people will constantly be talking, assuming again, that we’ve absorbed this messages that the one who speaks the fastest, and the one who’s the quick-witted one is going to get the best deal. That’s usually not true.

And so, I tell introverts, “You can rejoice. This is your moment. This is your opportunity to actually pause.” And the reason I say “Say less” so much is I talk about our mental pause button, and I ask people to channel that mental pause button. Because when we’re faced with stress, and negotiation is one of those moments that most people find very stressful, we have this primitive way of handling things where our cave person, our ancestors, we have the same brain as they did. When they were faced with a saber-toothed tiger, all rational thought would leave their brains and that’s what allowed them to run like hell, that super human strength to run from their threat.

Today, we don’t have physical threats. We have psychological threats. So, whether it’s a threat to our ego, or a threat to our security and so on, our brains still respond the same way. And that’s what has those moments that make you go, “Oh, God, why did I do that?” and your palms were sweaty, and your heart was beating faster, and your breath was more shallow, and all of that rational energy left your brain.

But instead of having those moments of “Why did I do that?” instead, you could just pause and give yourself a moment for maybe it’s a meditative breath, maybe it’s a positive mantra, maybe it’s a visualization of some kind, just that chance for your brain to catch up to what it needs to do. And so, you will be far more capable. You can actually change your brain in that moment by reframing things.

There was a really interesting study that was done. Back in 2013, Harvard did a study where they had participants sing in front of a group which, for most people, can create a lot of fear. I don’t get it. If you put me in a karaoke bar, I’m then good to go. But they made them sing Journey’s “Don’t Stop Believing,” but before they did, they put them in three separate groups. And they told the first group, “Tell yourself that you are anxious,” and they told the second group, “Describe yourself as excited,” and then they told the last group to say nothing at all.

And what they found was when there was a computer that measured their volume and pitch, the group that described themselves as excited outperformed the other two groups. And they not only outperformed them when they were singing, they also outperformed them on a math test and a speech test. They were perceived as more persuasive, more confident, and more persistent.

So, what that tells us is when you can take yourself out of a fear mindset and into an opportunity mindset, you can change your cognitive abilities. You can actually change your brain. So, if you’re going in for that negotiation or that stressful moment or that toddler who was having a temper tantrum, if you can just press your mental pause button and go, “I can handle this,” or, “I’m excited about this,” “I’m excited for the resolution,” “I’m excited to show them what I’m made up,” “I’m excited to finally put all of this preparation to good use,” you can actually change your brain in that moment and get better results. So, that’s one element of saying less.

The other element of saying less is actually using fewer words or being more measured in your words because you don’t want to be doing that whole talking yourself out of the deal thing.

Pete Mockaitis
Okay. And so, well, one, that’s a fascinating study. Do you remember who did it or where it was published because we totally got to link to it?

Fotini Iconomopoulos
I know I cited it in the book. It was 2013, it was Harvard, that’s what I recall off the top of my head.

Pete Mockaitis
Thank you. Okay. So, then when are taking that pause, that breath, that mantra moment, that reinterpretation “I’m excited,” I think I’m a little reluctant sometimes to do that because I assume the other person on the other end that I’m talking to expects words to come from me pretty shortly after they stop saying words. So, do you have any go-to, like pause phrases, scripts, like moment-takers, like, “That’s a really interesting point. I’d like to think about that for a moment”? Or, I don’t know, like what do you say?

Fotini Iconomopoulos
That’s one of them. You can call it a crutch if you want to, you can call it a tool, whatever you need. One of the biggest things though is you need to own that moment. And so, you could do it in the form of your body language if you’re face to face or you’re doing something virtually on the camera. Of course, you can have a look of pensive, deep thought on your face, and they’ll go, “All right, she’s contemplating it. I’m going to give her a second to do this.” You can frame it and say, “I need a moment to think that through,” or, “I need a moment to make sure that I’m providing an option that’s going to work for the both of us.”

And so, by owning it, and saying, “I need a moment,” versus asking for permission, it’s not about saying, “Can I have a moment?” because I don’t think you need to ask somebody for that time. But saying, “I need a moment,” or, “I’m going to take a moment to make sure that I think this through. I want to give you a thoughtful answer to this.”

And then if you say something to the effect of collaboration, of course, they’ll think, “Oh, wow, she’s considering my needs and she’s taking the time to think about this. She’s not just coming with something off the cuff. Well, now, I feel like she’s somebody that I can trust.” So, it’s thinking through, framing it up to go, “I am owning this time,” as opposed to, “Oh, no, I don’t know what to say.”

So, you also want to make sure that your body language is consistent with that. You don’t want to look like the deer-in-the-headlights when you’re taking that moment of pause. You want to look like it is intentional and you own it, and they’re the ones who are going to be hanging on your every word when you can do that because there’s a very different message that you’re sending with one set of body language versus the other.

Pete Mockaitis
Yeah, I like it. And there’s so many ways you can convey that and just see what works for you. And part of me is just thinking, just like a noise, like, “Hmm,” like that kind of means I’m thinking, and I didn’t have to use any syllables at all, “Hmm,” and then stroking your chin or whatever. There are so many ways that even looks like I’m thinking and that’s great.

And I’ve actually appreciated it on the receiving end. When I say something and someone else just pauses to think for a while, I like it. I kind of feel valued, it’s like, “You’re actually chewing on that as opposed to just feeling the need to fill the space.” And it does make me more curious, like it’s a bit of suspense, like, “Well, what’s he going to say? It sounds like it might be pretty good because he’s cooking it up for a little while here.” So, that’s fun.

Fotini Iconomopoulos
That’s the beauty of psychology, right? So, that you’re creating what is hard to obtain. People value things that are hard to obtain. So, even if you know the answer in the back of your mind, and you can say it quickly, taking your time and showing that little bit of reluctance means that you’re in charge of the schedule here. And I think that can also speak volumes.

Pete Mockaitis
Well, let’s talk about taking charge. And I think when it comes to negotiations, I think sometimes there can be a tension in that you really do, let’s just say everyone is coming at it and from a good place, they have good faith, they want to work something out and find a win-win.

And so then, I wonder, sometimes when it comes to disclosing information, on the one hand you could say, “Hey, information, knowledge is power and the more you have an advantage in that department, relative to your other person, you have strength and the advantage.” And then the other side of it though is like disclosing is sometimes absolutely just necessary, like, “What are we even talking about here? We gotta get on the same page to like move forward.”

So there’s that tension, if this makes any sense, in terms of if you have information and disclosing it would be a helpful collaborative thing that you’d like to do, but it’s also something that is in and of itself can shift a bit of the power dynamic, how do you think about these things?

Fotini Iconomopoulos
Yeah, so there’s two things to think about. One is, “What type of negotiation is it?” And so, I talk about negotiation as a spectrum, so I came up with a model to help my MBA students and my clients think it through. So, there’s kind of like a spectrum of light. If you can imagine that there’s a more competitive side of the spectrum, that is when you are talking one dimensional, it’s really just about price and nothing and else. Those are the toughest, coldest, there’s no relationship, there’s no real trust to speak of.

So, if you can imagine you’re on a beach in Mexico, buying a souvenir, or in Thailand buying a pair of elephant pants, it’s a done-and-done really quick negotiation. And when you’re talking about those types of negotiations, again, say less, get more comes in here because you don’t want to give away any information, you don’t trust this person, and anything you do say will likely be used against you. So, you’re never going to go in there and say, “Yeah, I’m trying to propose to give you $10 for this item but, really, I have $50 in my pocket. Feel free to take advantage of me.” That’s just not what we do.

Pete Mockaitis
Sure thing. “This is my daughter’s favorite stuffed animal in the world and in her favorite color. She’s absolutely going to love it. Hey, how much?”

Fotini Iconomopoulos
Yeah, “She’s going to have a temper tantrum if I don’t get it. What are you going to charge me?” So, those are the scenarios where you’re not going to share very much information. And as you move along the spectrum, you build more trust, the consequences to the relationship are greater. It is a more complex and creative negotiation so it’s not just about cash.

So, if you think of in the middle of a spectrum, I would call like a job offer negotiation would fall in there, where, yeah, salary is still going to be likely the most important thing, but there’s other things in the mix that we’re going to throw in there, and maybe it’s bonuses, and maybe it’s a car, or maybe it’s flexibility and other things that I can attach a tangible value to. And if you don’t share with them what would be important to you, well, then it’s going to be very difficult for them to come up with a solution that’s going to be tasteful to you.

Pete Mockaitis
“If I don’t know what you want, how can I give it to you?”

Fotini Iconomopoulos
Exactly. And then, of course, when you have the closest of collaborative negotiations, those are the ones where there’s a merger perhaps happening, or you’re talking about the negotiations at home with your spouse or your child or somebody with whom you have the greatest amount of trust, you’re going to be a lot more transparent there.

So, it depends on where you are in the spectrum and the amount that you’re going to share with them but you also still have to pause and say less in those moments, to go, “What information is going to be helpful to moving forward and what information is going to be harmful that they can use against me?”

So, even in that job offer thing, there’s a balance. And so, with most of my clients, when I’m working through high-stakes negotiations with a lot of these corporate folks who hire me, we actually come up with a list of, “What information are we going to share now to build a little bit of trust? What information are we going to hold back until later to make sure that, well, I need to know that I can trust them and they’re not going to take advantage of me? And what information is completely off limits altogether? Never going to tell them what the secret family recipe is, or raw material costs and that kind of thing.” And we’re very clear on those things before we go into any type of negotiation.

Pete Mockaitis
Yeah, that’s good. The raw material cost, well said. Well, so then let’s hear are there any particularly unique, novel, unconventional approaches or recommendations that you put forward that we should know about while we’ve got you here?

Fotini Iconomopoulos
I would say one of the easiest ones is that there’s too often this assumption that negotiation has to be this tough and nasty, banging-my-fist-on-the-table kind of conversation, and that is rarely the type of approach that is going to get you the best results. I’d say the one that gets you the most results is going in and asking questions in a curious mindset. If you can go in there and be curious about somebody instead of defensive or instead of tough and arrogant and so on, that is likely going to get you much further.

And I would say when you can make them be curious about you, then they’re going to want to find a way to deal with you. And I will tell you from personal experience that when I used to work for a consulting firm, and I worked for large corporations before that, and when I left and I quit my job and I went into self-employment, it was actually unintentional. I just quit my job because I knew I needed a change of some kind in my life.

And when I quit, I had all of these clients who called me up and said, “Fotini, when are you going to come back and work with us?” And I’d say, “I don’t work for that company anymore.” They said, “We didn’t hire the company. We hired Fotini. We liked dealing with you. We want to deal with you.” And the reason they were doing that is not because I was giving them these massive discounts, and not because I was puffing up my chest and being demanding, like, “You must do things my way.” It was because I was taking the time to get to know them a little bit. I was curious about them and I was understanding a lot more and acknowledging some of the challenges that they were facing.

They were learning a little something about me as well and they got to know the person behind the negotiation title, if you will, and that made them want to deal with me. So, my entire business exists today because I thought of the person and not the Excel spreadsheet. We don’t conduct negotiations on spreadsheets. We are dealing with humans, and humans are crazy and psycho at many times so we need to think of the psychology more than anything.

Pete Mockaitis
Humans are crazy and psycho. That’d have to be our pulled quote for the interview.

Fotini Iconomopoulos
I’ve been known to say people are psycho in my MBA classes, and my students loved that one. I don’t live that down.

Pete Mockaitis
Well, could you bring this to life for us with a story in terms of, “Okay, we’re putting into play some of these principles and we saw a cool outcome”? Like, “Oh, it was more than about just price. There was some emotional elements. Saying less was helpful.” Can you tie it together with a bit of a finale story? No pressure, Fotini.

Fotini Iconomopoulos
So, for example, a couple of years ago, I renovated a house and it was one of the most awful experiences of my life. I don’t recommend going through, living through renovations and leaving your house.

But there was a lot of negotiations that had to be done in that moment. And I was pulling out carpets and I needed to match the exact same hardwood in the rest of the house to the bedrooms that I was removing the carpets from, and it’s hard to get a perfect match when you’re doing this type of stuff and you’re trying to avoid having to redo the entire house.

[27:05]

So, I go in, there are two retailers in the entire Toronto area that had this very specific brand of hardwood floors and this very specific color that I needed to match. And when I went to the first one, I said, “Here are the specs? How much do you think it’s going to cost me?” And the guy went, “Hmm, it’ll be about 1500 bucks.” I said, “Okay. Thank you very much.”

I went to the other one, and I said, “Here are the specs. How much do you think it’s going to cost me?” And he spent some time and he’s looking at his calculator and he’s punching things in, he said, “It’ll be 1725.”

Pete Mockaitis
$17.25?

Fotini Iconomopoulos
I wish. So, $1,725.00. Which one sounded more credible? The reality is that unround number and that time that he took to make sure that he was thinking through that analysis, if in fact he was, sounds far more credible to most of us versus that cheaper one that goes, “It’ll be about 1500 bucks.” When he came up with that answer really quickly, I went up, “Huh, that doesn’t sound accurate. I bet you I’m going to have some surprise fees and things like that in the mix.”

So, by using things like, these are tactics, like unround numbers, and by using that hesitation, that saying less, and taking your time to build up that anticipation, you can change the credibility factor. If I was looking at it just on a spreadsheet, I probably would’ve made a very different decision. But when I’m looking at it from a holistic, “Okay, this one sounds more credible than this one. The rounded number sounds like it has more risks attached to it. It’s probably going to cost me a lot more. Will it be the same quality that I wanted, and so on?”

We can provoke people and make them think and change their perceptions in many different ways. So, it’s all about considering all of the entire holistic picture rather than just that cell on an Excel spreadsheet.

Pete Mockaitis
And I also want to add, when you talked about renovations, that reminded of the time that I was getting a new garage door put into the garage. And so, I don’t know what the heck that’s supposed to cost but I got a number from my contractor who’s working with a garage door person, and I said, “Well, I mean, I don’t know anything about garage doors, but that number is higher than what HomeAdvisor.com says it should cost, so I’m going to call somebody else.” They said, “Wait, wait, wait, let me go back.”

And so, this happened like three times, I was like, “Well, I really appreciate that you’ve reduced the price and we’re getting closer, but again that’s higher than the HomeAdvisor range, so, yeah, just to check, I’m going to check some others.” They’re like, “Well, let me get back…” It was comical to me in terms of like because I had no idea, had I not spent like two minutes pulling up that page on HomeAdvisor.com, I’d probably say, “Okay.”

But because I did, I was able to save a few hundred bucks. And I think that’s just wild how, in my experience, I’d love to get your hot take on this, it rarely boils down to a genius psychological maneuver or charismatic Jedi mind persuasion trick for me and more so boils down to, “Hey, I’ve done my research and this is sort of like the alternatives and I’m just going to do that if you can’t work with that,” and then that’s that.

Fotini Iconomopoulos
You’re demonstrating your credibility by saying just very few words, you’re going, “Oh, well, when I checked such and such website…” and they’re like, “Oh, crap. Now he knows the jig is up. Now I have to make sure that I appease this person,” and all you said was very few words. You mentioned one website and, all of a sudden, the whole thing changes.

I actually have a really funny story that, again, when I moved into house living, I lived in a condo for many years, and, in fact, I hate house living and I moved back into a condo last year. But when I moved into this house, I forgot how much I hated shoveling snow, and I live in Toronto where we have a ton of snow, and you have to have your sidewalk shoveled within 12 hours of snowfall or you get ticketed by the city, and so I was like, “Screw this. I’m going to find somebody else to do this for me.” And so, I’m very good at outsourcing, and I did some research, and I asked around, and people said, “To get the driveway the size of yours done for the entire winter, you should spend no more than $400 for the next four months.” I was like, “Great.”

So, I put a post up in a local Facebook group with the specs so everybody knew how small the driveway was and that’s when things got really interesting. And one gentleman replied and said, this is all over text, this is Facebook Messenger, and he said, “I would take care of your property for $800 for the season,” and I was pissed. I was so angry, I was like, “You think I’m a woman and you’re going to be able to take advantage of me and treat me like a statistic and get all aggressive? I don’t think so.”

But I pressed my mental pause button and, instead of saying all those things, I said, “Wow, that’s a lot more expensive than other quotes. Thanks for reaching out but that’s too much for me.” And then he came back, and he said, “So, how much are you looking at spending?” And I said, “Well, I’ve got students in the neighborhood willing to do it for $200. I’d be willing to pay for someone more reliable but you’re just way too far outside my price range.” And that was true, I had a neighbor kid who was willing to do it for 200 bucks.

And he said, “So, what do you want to spend? I live at Woodbine and Gerard. The lowest I can do for you is 500.” And that was all in one text box. So, he asked me a question, and before I could even see that question, he answered that question, which means he’s now negotiating against himself. And he gave me his location that if I needed to, I could use to my advantage to go, “Great, then you can work into the very beginning or the very end of your route. No problem.”

And then he said, “The lowest I can do for you is 500,” and it’s almost like cue the dramatic music, it’s “Dun, dun, dah,” because I know the highest I would spend is 400, and if the lowest he would go is 500, that means that we can’t get to a deal. So, I said, “Thanks but that’s still way too much. I’ll have to settle for one of the kids.” And then I put my phone away because this happened first thing in the morning, and I was running a workshop that day with a client, and I never look at my phone when I’m with clients.

And so, what I found was, later on that day, when I checked my phone, the negotiation wasn’t, in fact, over. And many hours later, I saw a message that was waiting for me and it said, “400.” And then, because I hadn’t seen that message, at 5:18 p.m. that day, there was one more message waiting for me, “300.” And that is the beauty, that is the power of saying less and getting more. The less I was saying, the more I was getting rewarded, right?

And so, that’s just that little extra hesitation that you can put in there, and I didn’t have to yell at him or shout the obscenities that were running through my mind earlier. It was diplomatic, it was polite, and it was still fruitful. It didn’t have to be that banging-fist-on-the-table stuff in order to get the best possible deal.

I will tell you, however, I didn’t go with that guy. I just didn’t trust him and I ended up negotiating with someone else to get my driveway and my neighbor’s driveway done for 240 bucks each for the season. Yeah, so she was pretty psyched to have a professional negotiator living next door.

Pete Mockaitis
Well, yes, congratulations. And that is a lovely story in terms of tying those things together nicely. And it all started because you had some idea, okay, 400. Like, had you not inquired, even like, “Huh, 800.” If I had to, you’d probably part with 800 bucks to have the snow handled but you didn’t have to. And the reason you knew you didn’t have to is because you’ve got that upfront info and then you just let some silence bring it on down.

Fotini Iconomopoulos
Yeah. I mean, that’s one of my favorites just to show you the value of saying less, and the power of just taking your time for things whether it was intentional or not. That is what people need to learn is that you can talk yourself out of a deal or you can say less and you can get a lot more out of it.

Pete Mockaitis
And do you have any other recommended scripts, or phrases, or key gems of things you find yourself saying often in negotiations?

Fotini Iconomopoulos
Well, I have kind of an automatic reflexive response to the word “No” or the words “I can’t.” And so, my automatic response is, “How could you?” “Under what circumstances?” “If I could wave a magic wand and make everything happen, what would it take in order to make that happen for you?” So, for me, no is not the end of the negotiation. It truly is the start of the negotiation.

And I think that’s something that I learned when I was negotiating with my dad as a kid because, quite frankly, I grew up with the strictest of dads and that was just the only way to get out of the house, “Well, what would it take? Does it mean my sister has to come? Does it mean so and so has to be there? Does it mean my big cousin is going to pick me up? Any of those things. What other scenarios can we come up with?” But by asking really great questions like that and having them in the back of your mind, kind of like as my mental rolodex of, “What could we do to make that happen? How close can we get to my proposal?” Those are all some of the things that are my response to a “No” or “I can’t.”

Pete Mockaitis
All right. Thank you. Well, now could you share with us a favorite quote, something you find inspiring?

Fotini Iconomopoulos
I think the one that sticks out to me most when it comes to negotiations, specifically, is the kind of infamous JFK one, “Let us not negotiate out of fear.” It’s about “Not negotiating out of fear but let us not fear to negotiate.” Because if you negotiate out of fear, it’s a Harvard study that I mentioned to you earlier, you’re not going to get great results. And if you avoid negotiating altogether, you’re going to get even less results. So, what can we do to psyche ourselves up instead of psyching ourselves out?

Pete Mockaitis
All right. And a favorite study or experiment or bit of research?

Fotini Iconomopoulos
One of my favorites is probably a lot of the stuff that Cialdini talks about. He is definitely one of my favorites. He talks about a study on MBA students and likability of negotiation where they put them into two separate groups, and they told one of the groups, “Start negotiating right away,” and they told the other group to, “Spend a few minutes getting to know each other.”

And the group that started negotiating right away, 55% of them managed to close a deal, and that’s not too shabby. But the group who started negotiating after they got to know each other for a few minutes, 90% of them managed to close deals. And I know most people will go, “Oh, sure, you get to know each other, you like each other, you give them a better deal, and that’s how you close it,” but that’s not true.

What ended up happening is not only that 90% of them closed deals, they also closed better deals. They closed deals that were 12% greater in value, which is pretty remarkable when you think about just spending a few minutes before the negotiation even starts, getting to know the other person, being curious about them, sharing something in common with them. Those are the things that are going to help you move further ahead versus that being very aggressive and trying to be super demanding. It’s likability before the negotiation starts that’s going to get you much further ahead than getting straight down to business right away.

And in our temptation to do things over email and try to be efficient, we kind of skip over that stuff in a virtual world now. And so, we have an opportunity to use that study to our advantage and go, “What can I do to just warm things up a little bit at the beginning of the email or the beginning of our conversation and so on just to get to know this person a little bit more?” That, for me, is the sweet spot of being able to maximize negotiations. And so, Cialdini is one my favorites to lean on over and over again.

Pete Mockaitis
All right. And how about a favorite book?

Fotini Iconomopoulos
Surprisingly, right now, I’m reading one called Greenlights by Matthew McConaughey, and I never expected to enjoy it as much as I did. So, that’s been my most surprising book this year.

One of my favorites though that I feel that I recommend a lot to my audiences is Presence by Dr. Amy Cuddy, which I think is a phenomenal one for loads of great tips to build your confidence and show up and be really credible.

Pete Mockaitis
And a favorite tool, something you use to be awesome at your job?

Fotini Iconomopoulos
I use my mental pause button. Really, that’s it. It’s taking my time to take that meditative breath and think through what I need to say next.

Pete Mockaitis
And a favorite habit?

Fotini Iconomopoulos
My favorite habit is reading. Absolutely, 100% it is reading. I read audiobooks now to get even more books when I’m going out for a walk, for sure.

Pete Mockaitis
And is there a particular nugget you share that seems to connect and resonate with folks; they quote it back to you a lot?

Fotini Iconomopoulos
It really is the pause button that people seem to resonate with most, and that’s where the whole “Say less, get more” mantra came from. So, when I talk to my MBA students, or my audiences in keynotes, or even my corporate folks, when I’m seeing people live, I actually give them a little card that has a pause button on it. And so, some of my students even tell me, they’re like, “I have your card on my bathroom mirror,” and, “I have it on my night table,” and, “I have it on my bulletin board.” I’m like, “Why is it on your night table?” They’re like, “It prevents me from getting into arguments with my spouse.” So, that one, I think, is the favorite from everybody in my audiences.

Pete Mockaitis
And if folks want to learn more or get in touch, where would you point them?

Fotini Iconomopoulos
They can go to my website FotiniIcon.com or they can find me on Instagram where I’m sharing loads of stuff all the time @fotiniicon there, and LinkedIn is also one of my favorite social media sites where I share loads of information.

Pete Mockaitis
Okay. And do you have a final challenge or call to action for folks looking to be awesome at their jobs?

Fotini Iconomopoulos
I do. So, I always leave my keynotes and I give my audience as a challenge to put saying less and getting more into practice right away, and there are two very easy ways to do that. The first is ask yourself, “What kind of a question can I ask to learn a little bit more about this person and get more out of this conversation?” And the other is, “Is there a moment where I can be quiet and say less and maybe let my body language do the talking to get more out of a situation?”

Pete Mockaitis
All right. Fotini, this has been a pleasure. Thank you. And I wish you all the best and much luck in all the ways you say less and get more.

Fotini Iconomopoulos
Thank you very much. I hope it comes in handy for you with your kids as well.