How I Saved $472 Using ChatGPT: An AI Approach to Negotiation

https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/3f/54/e1/3f54e14e-a29e-89e4-f402-8c58aa08f8ef/mza_9126317745663454254.jpg/600x600bb.jpg

My Way Or The AI Way

Scott Davison

33 episodes

4 days ago

I’m a business and marketing consultant on a mission to master Artificial Intelligence. Over the next 12 months, whenever I have a task to perform, I will ask myself, "Could this be done with AI?" If the answer is yes, I’ll give it a try and share the results—the wins, failures and surprises. I’ll also be speaking with entrepreneurs, marketers, and business leaders who are using AI in innovative ways, so we can learn from their experiences. If you’re curious about AI but don’t know where to start, or if you're worried about getting left behind, this podcast is for you!

Marketing

Business

RSS

All content for My Way Or The AI Way is the property of Scott Davison and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Marketing

Business

https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_nologo/43120558/ec5fd0ddfa945eb7.jpg

How I Saved $472 Using ChatGPT: An AI Approach to Negotiation

My Way Or The AI Way

18 minutes 56 seconds

4 months ago

How I Saved $472 Using ChatGPT: An AI Approach to Negotiation

I share the step-by-step process I followed to reduce my annual car-insurance premium by $472 in less than 30 minutes.

After walking through the personal example, I outline how AI can also assist with more complex business negotiations, from supplier contracts to six-figure SaaS renewals.

With AI as your partner, there is no excuse to go into any negotiation unprepared.

Turning ChatGPT into a policy analyst – how I asked the model to review my renewal documents and highlight every potential saving.
Building a like-for-like market comparison – the prompt that produced a clear table of alternative quotes from seven insurers.
Preparing a concise negotiation script – the structure ChatGPT suggested for my opening request, follow-up questions, and closing statement.
Implications for comparison websites – why instant, AI-driven analysis may change how we shop for insurance and other services.
Simple privacy safeguards – the setting changes you should make before sharing any personal document with an LLM.
Applying professional negotiation models to larger deals – mapping the process to frameworks such as Harvard Principled Negotiation, the Seven-Elements checklist and the Toulmin Model

Resources and Links mentions

Ruben Hassett’s LinkedIn post on three high-impact negotiation prompts: https://www.linkedin.com/posts/ruben-hassid_i-never-negotiate-without-chatgpt-here-activity-7344318645918912515-_NpY

My LinkedIn thread detailing this insurance exercise:https://www.linkedin.com/posts/davisonscott_lucky-im-with-ai-this-morning-my-carinsurance-activity-7342768444305567744-omww

Let's continue the discussion

Have you used AI to reduce a household bill or improve a business deal? I’d enjoy hearing your experience. Connect with me on LinkedIn or post your comments below.

Chapters

00:00 Introduction - how i saved $472 on car insurance using AI

03:11 Step 1: review your current policy

05:39 Step 2: conduct a market comparison using AI

07:50 Step 3: Summarise key negotiation points and competitor rate, including a sample script

08:15 Step 4: get on the phone and negotiate a better price.

09:46 What does this mean for comparison sites?

10:14 How to protect your privacy

12:16 How to use AI for complex business deals and contract negotiation

18:50 My way or the AI way Remix - courtsey of Mubert - 5 sec.mp3