Negotiating is an art form that can save you a lot of money if done right. Here are some tips to help you get better deals on everything you buy:
Do your research ahead of time. Know the typical price range for the item you want so you can determine a fair offer. Check sites like PriceGrabber, Nextag, or CamelCamelCamel to see the item’s price history and how much others are currently paying. Know how much you’re willing to spend, and the highest price you can accept.
Look for coupons and promo codes. Search online for coupon codes and see if any are valid for the store or website you’re buying from. Some stores like JCPenney, Kohls and Target frequently run sales and accept coupons for most items. Stack coupons with a sale price for the biggest savings.
Ask if there are any current sales or discounts. Politely ask the salesperson if there are any sales, coupons, or other ways to save on your purchase. Often stores have weekly sales or loyalty programs that can take an additional percentage or dollar amount off your order. It doesn’t hurt to ask!
Pay in cash. Paying in cash is a psychological tactic that can make you seem like a more serious buyer. It also ensures the seller gets the full amount without paying any credit card processing fees. They may be willing to offer a small discount for cash payment.
Bundle items together. If you’re buying multiple items from the same store, bundle them together to ask for a bigger bulk discount. Stores are often willing to negotiate when you spend more. You can say something like ” If I buy both of these, would you consider giving me 25% off the total price?”
Be willing to walk away. If you’ve reached your limit but the seller isn’t budging, be willing to walk away. Often they’ll come back with another offer or call you within a few days to keep your business. Your willingness to walk shows you’re serious and not desperate to make a deal.
Consider haggling in person. For big-ticket items, haggling in person can be much more effective than over the phone or via email. You can make a personal connection with the salesperson and explain why their best offer isn’t good enough. They’ll see you’re serious and may drop the price to close an in-person sale.
Time your purchase right. Look for off-season or end-of-season sales when demand is lower and stores are looking to clear out inventory. You’ll have much more negotiating power during non-peak times.
Stay polite and friendly. No matter the situation, remain polite, courteous and friendly. Don’t get angry or argumentative. Stay calm and composed to keep the lines of communication open. The nicer you are, the more the seller will want to work with you.