It’s certainly not for me – I hate confrontation! But Yahoo Finance says that you could save 10-15% if you learn the ancient art of haggling.
When you do decide to haggle, it can be a spectacularly successful strategy. According to Consumer Reports, almost 90 percent of those who took a stab at it got positive results and saved some cash. Yahoo Finance
So, what’s the secret? Here are some tips:
Research! What is this product or service really worth? What do other companies charge?
Timing is Everything: First of the week, end of the month, etc. When do they need your dollars the most?
Seasonal Savings: Related to Timing. Whenever the retailer has to “Make room for the 2014’s!!!”… then it’s time to make your best offer on the 2013’s.
Fight the power: Don’t waste time negotiating with someone who doesn’t have the power to give you what you want. On the other hand, don’t automatically assume the kid behind the counter has no power!
Escalation: Don’t be a jerk. But if you feel strongly enough to walk away, like closing your account over some injustice, then say so.
So, what do you think? I have done this once, mostly by way of research – specifically, knowing what my trade-in was truly worth when buying a car, and not budging until I got it. I made out OK, and I felt good about it. Do you haggle? Would you if you knew how? Let us know at the MindField Online Facebook page!