10 Incredibly Simple Strategies for Getting the Best Deal
1. Know the market.
Once you know what exactly you need (brand, model etc) do a basic research on how much you can buy it for from online retailers. Price aggregators are the best tool as far as items are concerned. One of good examples is Staticice . A service is different cattle of fish. Prices vary widely and the only way to work the prices people pay is to search dedicated forums like Whirlpool . Be mindful about exploring alternative options like different brands etc
2. Timing may be of importance
Pick the right time for purchasing. Getting sizable discount on a hot item or getting something done before Christmas may be extremely difficult. Your chances will increase significantly after Christmas.
3. Cash is king
Ask for discount if paying cash. Does not work much these days but worth trying, especially when negotiating with tradies.
4. Demos & dented stock
Look for dented or slightly damaged items and with 30% discount offer. Target should be around 20%. Another alternative is to check for a floor model of the item you want.
5. Economics of scales
The more you buy, the bigger discount you should aim for. Similarly you can create mini-pool with your friends or relatives for the same purpose. The same strategy works not only for goods but for services as well.
6. Dead end exit
If you are not able to get the discount you want but you need the item / service badly do not be afraid to ask for some extras as part of the deal. The time to raise the subject is when you have haggled hard and you feel sure the salesperson won’t drop any more on price. Works both for goods and services.
Obviously you should have done proper research and know which extras to ask for.
7. Surprise offer.
When making an offer avoid round numbers. The idea is that a precise number — rightly or wrongly — implies you’ve done your homework and know the actual value of the thing. At the very least a precise figure subconsciously limits your opponent’s options. “If you say you want $10 for something, the other party takes that to mean a range of $7 to $13. If you say you want $11, that range becomes $10 to $12.
8. Do not exceed your budget.
When you find an item you’re interested in, you should have a firm idea of the most you will be willing to pay for it. Assuming that you already have done your research, of course.
9. Be ready to walk away
Do not get emotionally attached to the item. Be ready to walk away. Sure ,easier said than done, but this is the truth. The more you want something the higher will be the price you pay
The reality is you probably don’t truly need whatever you’re trying to buy. Your life will not end if you don’t buy it, so viewing it as an accessory and not a necessity will strengthen your position in the negotiation.
Walk away, but leave contact info behind. don’t be afraid to follow up with a phone call. After all, you have nothing to lose.
10. Smile and be polite
No one likes dealing with a sour-faced person. Smile and build rapport with the vendor. If you are friendly and kind you’ll find they will reciprocate with the same. That way, even if you don’t get a great deal, at least you’ll have a pleasant interaction.