You must have had heard the adage “penny and penny makes many”. Well, this wasn’t said like that because the more you will save, the easier it will be to reach the financial goals of your life. Now, you will find tons of the techniques that can help you in boosting your savings account. But, there is one method that nobody will talk about, or probably you might not have heard before, i.e. haggling.
Yes, everyone can’t do the task of bargaining as some people feel too awkward to do that or don’t have the skills to do it. But, whether you are unable to it or lack the talent, haggling is something that can help you save a lot of money.
Why haggling is a good financial skill that one must have?
From purchasing the groceries to paying up the bills; from getting a new car to buying an appliance, there are tons of ways where our money is spent. Now, in all these situations, the power of negotiations can help you save the right amount of cash when accumulated together.
If your bargaining skills are excellent and you can save a couple of pounds on your daily expenses, then you will be able to save a pretty good amount at the end of the month. Here, in this blog, we have prepared a list of useful tips that can help you in improving your haggling skills.
Don’t feel awkward
The first thing to do a successful haggling is that there is no need to feel awkward because this will lower the chance of negotiation. Therefore, you must stay confident when bargaining and have a rationale conversation with the seller. There is nothing to be shy of with asking of 10%-20% off from the asking price as doing it will surely save you the right amount of money.
In small items, you might not feel the difference, but when making a big purchase like buying a home or car. The discount means you will be saving a lot of money in the end.
Thorough research is necessary
One good quality of successful negotiator is that they don’t go for purchasing in a rush. They analyse the situation and do complete research on the market, both offline and offline, before buying anything. You must research the product thoroughly to know about the best possible price that you can manage to go.
The more you will check the market; the higher will be the chance of successful negotiation. For instance, if you are looking for an unsecured loan in Ireland, then don’t just apply for the lender whom you met first. Research on the market and find out the lender who is likely to offer the lowest interest rate.
Don’t get too excited about the item that you want to purchase
Now, every buyer and shop keepers have a sharp observation so that they will immediately pick the excitement within you. Thus, when you are visiting a store, make sure that you don’t get too excited as the buyer knows that you are eager to buy it. And, the chance of discount or bargaining becomes complicated from here.
Just pretend to walk away
It is mostly seen that when you give the buyer a feeling that the price factor is the reason why you are not willing to buy it, he will try to take it and even be ready to lower the price. If possible, make the buyer understand that you already have two or more sources to buy from, and you are offered a better deal as from here.
This idea will surely work, and if you think that the price is a bit over high even after bargaining, then leave the store and look for other buyers.
So, these were the tips that can help you haggle like a pro. But, keep in mind that to hone this skill, you have to learn to be patient because this is not the work that can be done within a rush. Take a steady approach and understand the item that you are about to purchase.