Let’s Make a Deal! The Art of Negotiation
Okay, so who doesn’t love a good deal? When you find something you love at a great price it’s like twice the reward. But why is it that haggling is such an intimidation for most? How can you become a better negotiator to get something that you’re interested in at a price that’s fair for you and the vendor?
Start with these basics to steer you in a direction to fulfill the art of negotiation while still enjoying your shopping trip at the markets.
Look at the price tag: If the item is marked with a price tag, look at it and look at the object. Based on your experience with similar purchases, gauge whether or not it’s worth the spend.
Know its worth: Don’t haggle just for the sake of haggling. Actually know the approximate price range that the item typically sells for and present an offer within reason.
Hint: Consider, do you know anything about the typical price range for an item that you’re interested in? How much research have you done and how frequently do you make purchases like the one that you’re considering.
Compromise is Key: Let’s face it; you won’t always get what you want at the price you want. You must be willing to compromise with the seller to come to terms with the fact that a good deal in your eyes might not be a fair price in the seller’s eyes. Reflect on the value of the item in your eyes. Is it a must-have or a maybe-have? Will you still be thinking about it an hour later? How is the item going to fit into your life? What purpose will it serve? When you consider these factors, compromise becomes less of a hassle and more of a reality worth reckoning with. In the end, if it’s worth the cost then it will always be a win-win.