Bartering, negotiation, haggling – whatever you want to call it, this is an important skill that can help you get a better deal on many items and services. Before bartering, however, choose your battles wisely. Trying to barter in restaurants, grocery stores, and most department stores is a waste of time, while valuable items such as cars, jewelry, insurance, electronics, furniture, and car rental rates are often worthwhile. When bartering, there are several things you can do to increase your success at getting a better deal:
1. Stop worrying what people will think of you.
You don’t need to have an aggressive or argumentative personality in order to haggle well, but you do need to be willing to negotiate. Don’t let worrying about coming across as rude, cheap, or pushy get in the way of asking for a better price or suggesting a price that is much lower than the amount you are actually willing to spend.
2. Be prepared to walk away.
If the seller doesn’t seem willing to go low enough, don’t be afraid to walk away and look for a better deal elsewhere. The seller will often call you back as you walk out and offer a better deal. You can also ask the seller how long they are willing to hold the price for you so that you can shop around. Then, tell the other sellers the price that the first seller offered and continue shopping until you find the best deal.
3. Never say the first number.
Starting the negotiation puts you at a disadvantage. Even if the price is listed somewhere, ask the seller what the price is, and then suggest a lower amount based on the starting number as well as the amount you are actually willing to spend. The lower the initial number the seller says, the lower your suggestion should be.
No matter how much you need or want the item, appear interested but not as if you need it. Point out small flaws or wonder aloud if the item is really your style. Another way to hesitate is to pretend to consult with a reluctant spouse, partner, or family member. Unless you are deliberately silent while hesitating, however, it is usually helpful to keep talking and to keep giving reasons for why you should get a lower price so that the seller doesn’t lose interest in your business.
5. Bring cash.
In some situations, it is helpful to put the amount of cash of your starting price in your wallet and put the rest somewhere else. This way you can entice the seller by showing the money you are willing to spend, without giving away that you actually have more money with you.
Depending on the situation, bartering can be either a useful tool or a necessity. For example, in a survival situation in which you have limited money or possessions, bartering becomes essential. For more information on these situations and possible survival supplies, check out our site foodstorehouse.com.