I don’t know if you’re like me, but the thought of negotiating makes me nervous. I don’t want to offend the person who I am dealing with, but then I also do not want to get a bad deal at the same time.
I hate to mention it, but I also don’t want to look cheap. I’m guessing other people are like this also, or there would be more negotiating in the world! But in reality, you don’t always look cheap. If you truly think the item is worth less, or that you can get a better price, then haggle! In today’s economy, there is room for haggling at many stores.
Not every store and place allows haggling and negotiating on their prices, but trying to negotiate won’t hurt either. Trying because there might be something wrong with the items, when there is a salesperson involved (such as at a used car lot), at the flea market, and so on are all great places to practice your negotiating skills.
Below are some tips to get the best bang for your buck:
1. Research the Item
Haggling on an item without researching first can hurt you in the end. If you sound like you know what you’re talking about, then there is less of a chance that the seller will try and take advantage of you.
Researching the item can also help if other places and stores are offering the product for way less. You can point these price differences out and ask for a similar and competitive discount.
2. Mention Any Damage
This is a key way to haggle. If something is wrong with the item that you are wanting to buy, then why should it still be priced at 100% of its retail value?
Point out what is wrong (only if there is something actually wrong, please do not just ruin items just for the sake of getting a discount) and ask the seller if they can budge on their price at all.
3. Time it Right
This comes in as a factor in many areas. If it’s the end of the month, the salesperson might have a sales quota that they are trying to beat, and your sale might help them reach it so they might offer your item at a deep discount.
Also check the timing of the year. Is it the Fall and you’re trying to get a discount on Summer clothes? This will probably work in your favor.
4. Don’t Be Rude
If the item is priced at $100, and you offer $10, then the person that you are haggling with might just ask you to leave. You don’t want to insult the seller. Make a realistic offer that is something that you would accept and something that you think the seller might accept. Also leave room for further negotiation since there will most likely be negotiating than what you forest offer.
Also, when you finally do reach your perfect price point, don’t try to negotiate further. If you’re price was $50, and the seller finally reaches it, don’t try to go below that and ask for $25. You can just be further insulting the seller.
5. Don’t Be Afraid to Walk Away
If you and the seller are not able to reach the price that you want, then walk away. There is no need to waste either your time or the sellers. There is also the possibility that the person might lower their price right as you walk away, or they might call you and ask you to come back.
Do you negotiate? Does it usually work for you?