Shark class 101

Let's make a deal

In this edition, I will unveal you partialy my secrets, knowledge and experience. We will cover the keys of getting trades done. And give precise strategies to take in consideration.

In business, you need to be straight forward with your goals and intentions.  Keep it short and sweet and simple, and get to the point.  Take a moment to evaluate your team in the first place, and asseses the actual pros and cons, and the actual need. 

Remember, one for one deals in which both parties adress a specific roster need, are by far, the easiest to finalize. Short and simple.

Take Initiative.  Always be the leader. Lead with a reasonable offer. It shows interest and initiative. Your first offer doesn't neccesary needs to be your best and final, however, it should be a good ice breaker to at least get the conversation started. 

In a perfect situation, both sides should evaluate the deal as a win. The outsise noise can be sometimes distracting but you should beleive in your strategy and team morales and method values. We're all trying to deal from a position of surplus to adress a weakness. If two parties can help each other, that is very good business for the league and fans.

Have clear objectives. Knowing what you have and what you want.  Do research and analyst. Stay active with league markets and trends, trade block, assets values and their potential risk.

Have strong negotiation skills. Be prepared to negotiate. Understand the needs of other party, assets values and be sure about conditions. Networking and maintaining good relationships with other GM can help you lead to better opportunities. It can also go the opposite direction when those things are not established. I have burned some bridges myself. I am talking with alot of experience.

Be flexible. Clearly articulate your terms(what you looking for) or intentions (potential offers).  This will avoid mis-understanding.  Be willing to understand and adjust if you need to seal a deal. Always based your decision on the offer and demand. 

Patience and timing is also a key factor in any trades.  Sometimes the best decision is the waiting game. Be patient and wait for the right moment to execute a trade instead of rushing for it. You should also always follow up after a trade is made. Keep in touch with other GM to continu building trust and open doors for other future opportunities.

There is more then two types of investors but I will cover those. That's to show you the risk tolerance.

Conservative investors. Low risk, low reward. They are often well organised. They prioritize draft. Often doesn't make any trades. Prioritize stability and capital preservation. They are usualy more comfortable with lower rated players, and one for one trades.

Agressive investors. They are usualy getting called shark. They have higher tolerance for risk and are willing to accept greater volatility in pursuit of potential higher returns. They take usualy better iniative in engaging in a communication.

Hope this was fun, and helpful

NYI