If you want to get the best deals, you need to learn the Art of Haggling
I have traveled all over the world, and there are certain places (Egypt, India, Morocco, China to name a few...) where if you don't haggle, you will get ripped off.
Haggling can be difficult and stressful for a first timer. Instead of learning through trial and error (not to mention through personal expense) I hope you can apply the following tips to help you haggle yourself to a much better deal.
There is a lot more to the Art of Haggling than just naming a price and then hoping they say yes.
Haggling can be difficult and stressful for a first timer. Instead of learning through trial and error (not to mention through personal expense) I hope you can apply the following tips to help you haggle yourself to a much better deal.
There is a lot more to the Art of Haggling than just naming a price and then hoping they say yes.
Don't Show Too Much Interest
be indifferent when it all begins
When you are walking through the markets you'll see hundreds of stalls selling thousands of items, including that special thing that you really want. Beware though, don't point at it, smile, or say "Sweet! I finally found it!"Doing so will alert the merchant that you are eager, and they will likely jack up the starting price.
So, what to do instead? Look at many items with a straight face. If you do touch one thing, reach for a few others. Basically pretend that you can take it or leave it, as that will increase the value of your "walk away" mentioned below.
Never Say "It's too Expensive"
Once you do pick out something and either ask, or be told the price, never say it's too expensive. Instead when they tell you the price make a disgusted face, like you just smelt something truly foul, like there is absolutely no way that the thing you're holding is worth it. It's even better if you turn away slightly and begin looking at something else. The Rule of Thirds
the rule of thirds is not just for photography
When you recover from making your very obvious show of disgust you need to come back with a counter offer.This is where you use the rule of thirds. Offer them 1/3 of the price or less! That's right, you need to be bold! Keep this in mind if you are not uncomfortable with the price you suggest, then it wasn't low enough.
Put them together, take them apart
getting a better deal in bulk
Everyone knows that you get a better deal in bulk. You can use this in one of two ways, the second is incredibly powerfull.First, if you do want more than one item, start with the price for it, then add in something else and try and get them both for whatever the current price is, ie get it thrown in for as a freebie.
Secondly, if you get stuck at a price, ask for another two or three of the same thing and negotiate a price for all of them. Once it is a decent price, divide it by how many items your're currently haggling for and offer that for the single item.
This works as you know they're making a profit at that particular price, they'll be hesitant, but mix this with the final tip and you'll likely get it.
The Walk Away
break a stalemate
This is the most powerful move, and is incredibly simple. Just start walking away! That's it, turn around, and simply walk out of the shop.If you showed your indifference in the first step, haggled well following the above tips, then it is incredibly likely that they will come after you and say either ok, or will lower their price.
You can do this multiple times!
If they don't come after you, then either they have other people to sell to, don't need to make the sale, or you really were asking for something below their profit margin.
Conclusion
I hope these tips help you with your haggling. I've used them in multiple markets and they have saved me a lot of money.
You need to remain strong and confident with both body language and tone.
Best of luck!
You need to remain strong and confident with both body language and tone.
Best of luck!
Comments
any comments? or other haggling tips to share?
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- sbucciarel sbucciarel Sep 12, 2008 @ 10:10 am
- Great lense. The Firestorm Forum is great for promoting your lenses and blogs. There's a very active Squidoo community there. firestormforum.com Hope you check it out. I also have a lense about it at http://www.squidoo.com/firestorm
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- Evelyn_Saenz Evelyn_Saenz Sep 10, 2008 @ 1:03 pm
- Haggling in Costa Rican farmer's markets took some getting used to but in the end it became lots of fun. It takes time and skill but in the end you know you've gotten a good price.
Great Lens! 5 Stars and Favored!
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- GabryelandKarilyn GabryelandKarilyn Sep 10, 2008 @ 12:49 pm
- I think that is about it! Indeed you must bargain when you are in Latin America for example, I'm from Honduras and I know how it is....My Mom used to do that a lot!! ;). Great lens.
Blessings!
Karilyn
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- aquariann aquariann Sep 10, 2008 @ 11:05 am
- I yard sale often, but am usually too shy to ask for a lower price. I'll have to get up the courage to try some of your tips!
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- funwithtrains funwithtrains Sep 10, 2008 @ 10:30 am
- Nice Lens - 5 stars from me! Please visit my Auto Social Poster lens!
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by lostzen
Guy from Canada, now seriously enjoying my current life in London, England
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