Despite my love for a good deal and priding myself on being “fabulously frugal,” I (Mandy) revealed this morning that I can’t stand to haggle. It makes me feel awkward!
Dave claims I can save some pretty serious money if I give it a try, and he found 5 tips to help:
1. Convince the person that a discount now will lead to more business later. So if you want a discount on a refrigerator, let the person know you’ll come back for an oven. You’ll be more likely to get the discount, and it’s not like you’re lying: You really WOULD be more likely to come back if you got a discount.
2. Don’t be intimidated by a person’s title. People like doctors, lawyers, dentists, accountants, and other professionals don’t have their prices set in stone.
3. REALLY be willing to walk away. If you don’t get the deal you want, you should be willing to walk away. You can always get what you’re looking for somewhere else.
4. Pick a fair price. Do your research beforehand and decide on the price you think is fair. If you try to get TOO much of a discount, you won’t get it. But if you’re reasonable and you have information on your side, that’s an advantage.
5. See if you can make a deal with cash. When you pay with a credit card, the business pays a fee to the credit card company. If you pay with cash, there’s no fee . . . so you can use that to help the business justify a discount.