I recently had the opportunity to sit down for a few minutes
and talk to Pat Doyle, owner of one of Central Florida’s busiest talent booking
agencies, International Talent Booking located in Orlando, Fl. ITB has been in
business for over thirty years providing talent of all kinds to the local and
international marketplace. With this track record of successful accomplishments
I thought Pat would be the perfect person to ask about negotiating agreements
with all kinds of clients from performers to promoters.
My first question to Pat was; “As a talent broker you
actually have to negotiate at least two agreements with each performance, one
with the talent that you are acting as the booking agent for and one for the
customer buying the talent services. How do you bring all the parties
together?”
Pat Doyle: “The very first job as a successful negotiator is
to establish the mutual benefit of consummating an agreement between all
parties. Everyone has to be comfortable with knowing that his or her needs are
being met. I try to build a relationship with the parties in order to
understand those needs first and then offer solutions. Everyone has to benefit
from the final outcome and that’s how to start the process.”
In furthering that subject I asked Pat; “So, without
disclosing any trade secrets, how do you establish the opening offer of terms
and conditions when negotiating with such a wide range of clients? Is there
some standard that you use?”
Pat: “Absolutely, and the only trade secret here is
establishing and maintaining the relationships that allow us to continue to be
successful. In beginning negotiations with clients one of the earliest
conditions we agree to is the objective standard we are going to use to
determine many of the remaining terms and conditions of the contract. The great
news is that literally thousands of talent contracts are signed each week in
this industry and between union standards and past practices, establishing that
standard should be routine. Determining the promoter’s budget and the talent’s
perceived market value are the two standards much harder to establish.”
My final question to Pat was; “What is BATNA?”
With a slight chuckle, Pat Doyle: “BATNA, the best
alternative to a negotiated agreement is what that acronym stands for and especially
during the talent to promoter discussions, I make sure the talent I represent
knows what’s at stake in case we are not able to reach an agreement. I most
cases, promoters/customers will let us know what their budget is for a specific
appearance and once all the ancillary costs are calculated, it’s the talent
side we turn our attention to. I’ll be the first to admit that compared to
thirty years ago, our current talent list has a much better understanding of
the business behind the scenes than ever before. Being able to decide what
happens if we are unable to reach an agreement is near the format of that
understanding.”
These are great tips to remember when negotiating any
agreement whether you’re the promoter or the performer. Knowing how to reach an
agreement is one of the first steps to success!
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