Saturday, 3 January 2009

Bargaining tips

Bargaining tips

(a) People usually advise halving the initial asking price and working your way to the 75% mark. This usually ends up being about right. If they’re being really stubborn, walk away. They’d rather have some of your money than none of it, and unless you (or they) are being really unreasonable, they’ll usually call you back, lowering the price in the process.

(b) Do some research: It’s best to begin with a price range in mind. Check out prices at a fixed-price shop. Ask your friends (ideally, locals)

(c) Make yourself likable: Be friendly, and reveal your humanity

(d) Fake them out: I’m told by top-secret sources it works: don’t reveal right away what it is that you want. If you head straight for the true object of your desires and gush over it as you clutch it to your chest, they know they have you. Instead, keep it in the corner of your vision while you investigate other products. Then casually ask its price. They have little reason to inflate it if they think you’re not so interested (the law of demand at its most basic).

(e) Do be reasonable:

(f) If you are a shy kind of person to bargain then request for a business card, then bargain with the shop guy lateron on the telephone. It works.

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