How To Haggle and Pay a Lower Price

I have to admit the idea of haggling for a lower price doesn’t come easy. I have inherited a certain reserve often found in English people. But, haggling can save a lot of money, and there’s no reason why the big multinational company deserve the money more than you. Although haggling can involve a little effort, it is much easier than working for your money.

These are some tips for getting a better deal from shops.

1. Asking for Extra.

This is a good introduction to bartering. You don’t have to ask for a lower price, but just ask for an optional extra. For example, when buying a bike, why not try asking whether they would be able to offer a free lock to go with the bike. A shop is often more willing to give goods in kind rather than a cut in price. This is because it costs them less. Supermarkets are often offering 3 for the price of 2, so why not use this principle in getting some free extras when making a big purchase.

2. Create A Good Impression.

Good Haggling isn’t aggressive or competitive. The most successful way to get a good deal is to develop a good relationship with the shop owner. Perhaps you could offer praise for his shop and indicate that you would like to become a loyal consumer. When you have developed this relationship try asking for a discount. Be polite, but firm and avoid putting undue pressure on the shop assistant. This increases the chances of the shop being sympathetic to your request.

3. Pick Your Moment.

When bartering be sympathetic to the pressures of a shop. The best time to ask for discounts is when the shop is empty and quiet. If you try bartering when the shop is very busy, you are likely to get short shrift. Also the shop manager may be reluctant to give a discount if many other potential customers can hear. – they will fear getting requests from everybody.

4. Speak to the right person.

A new part time shop assistant is unlikely to be able to offer a discount. If possible try to speak to an assistant manager or supervisor who will be in a better position to offer discounts.

5. Timing of Sales.

The chance of a successful bartering depends on the life cycle of the product. If it is new and in season, it will be much harder to get a discount. However, if you see goods on sale or past their ‘high season’ you have a much better chance of getting a discount. When goods are on sale, it is often a sign that shops want to sell things quick and create space. This provides an excellent opportunity to get an extra discount. Try: “Could I help you get rid of this sale good?”

6. Be Bold.

If you never ask, you will never know. You will not be successful everytime, but, don’t be despondant by failures; keep trying to get a better deal. With more experience you may also experiment with bolder offers; asking for a big discount off the asking price.

7. Method of Payment.

If a shop offers interest free credit they may be willing to offer a discount for immediate payment. If you are willing to pay by cash or even debit card, try using this as a tool to get an extra discount.

8. Independent Stores offer a better Chance

Sometimes you can haggle with high street retailers, but you are more likely to have better luck with independent retailers. Independent retailers are not bound by company rules. Nevertheless it is still worth trying with high street shops.

9. Insurance for Electrical Goods.

Sometimes salesman get a very good commission for selling insurance. This is generally because they offer very good profitability for a firm. You may feel that insurance is not worth it; but, if you do go for insurance use this as a leverage to get some discount. At the very least you may be able to get extra years insurance for free. Even in high street retailers it is common to accept special offers on the stated finance.

10. Know Other Prices

Many shops often claim that ‘they won’t be beaten on price’ If you know the local market very well, you might be able to use quotes from other shops and online retailers as a powerful tool to get a better discount. The shop will try to protect its reputation as ‘being the best value’.

Bartering can be fun; but, more importantly it can save you a lot of money. If you know a few tricks of the trade it can be valuable in saving money. Just remember asking for a 10% discount is a lot less effort than earning £15 at your job.

Related Posts

Painful but effective ways to Reduce debt

How To Get the Better of Multi national Companies

10 Tips for Financial Planning featured at Carnival of PF at Stock Trading To Go.

3 Responses to How To Haggle and Pay a Lower Price

  1. Natasha April 4, 2008 at 4:53 pm #

    Another helpful hint is to look out for offers online – there are loads of promotional codes and offers floating around to help you get money off.

    With haggling it is also important not to be forceful or else the other party will be offended.


  1. Festival of Frugality #120 | A Penny Saved - April 8, 2008

    […] Tejvan writes about haggling: How To Haggle and Pay a Lower Price. […]

  2. Hanks Weekly Hangouts #26 (April 20, 2008) - And Why Do I Post Weekly Roundups? | My Investing Blog - May 24, 2008

    […] 3. Haggling is never a bad thing for the frugal. You get what you want as you want it, cheap. MortgageGuideUK shows a few tips to doing so. […]

Leave a Reply

seven + 2 =

Powered by WordPress. Designed by WooThemes