Haggling Your Way To A More Affordable Purchase
In the article, “Bargain Shop With Payday Loans or Learn How to Haggle,” we discussed a couple of techniques in haggling a better deal.
The first entailed making accessory products conditional on the purchase of a desired product, and the second involved finding the bottom price of clearance and discounted items.
Here are a few more ways to haggle better savings with your next purchase.
Buying In Bulk
Save on consumer spending by becoming a master haggler!
You can save money when purchasing consumer goods and merchandise by buying bulk. The more units you buy, the more willing a store sales assistant or department manager will be to give you an additional discount or price break on the purchased goods.
Of course, the drawback here is usually high costs are associated with buying in bulk. Plus, why would you want to buy five DVD players or 10 TVs? You wouldn’t.
Your best approach for buying merchandise such as consumer electronics and the like in bulk is to recruit friends and family to commit to purchasing an item if you can promise them a significant discount. Then talk to the store’s sales assistant or manager and see what kind of deal you can swing if you were to buy so many units of a particular product.
Knowing the Chain of Command
A sales assistant may not always be able to help you when attempting to haggle for a better deal, and if this is the case don’t let it stop you. Floor sales representatives are not always authorized to cut prices or offer discounts based on their discretion.
If your offer or proposal is rejected, go up the chain of command until you find a supervisor or manager who can give you a definitive answer. Retail supervisors understand the importance of customer relationships and will do what they can to ensure that you continue to do business with them.
Remember, as long as the retailer is making money on the product, they should be willing to talk numbers with you. Because retail products are generally marked up 40 to 60 percent, there is usually plenty of room for negotiation that will save you extra money on the purchase.
Haggling may require a little boldness on your part, but it beats having to take out a payday loans for the things you want or worse yet, having to wait until you have saved the full sticker price amount.
Leveraging Savings With A Product Warranty
As you may have noticed by now, warranties are sold on just about everything and have become a key revenue stream for most stores with regular quotas to be met at the end of each week, month and quarter.
Knowing that the store and their sales reps have warranty quotas to meet gives you a bargaining advantage to reduce the list price of the item you wish to purchase. By reducing the price, the store may make less money on the product but will be happy to trade the opportunity to make their warranty sales quotas.
What’s even better is that most warranties give a provision of 15 to 45 days for the consumer to cancel for a full refund. So you can use the warranty purchase as a real tactic in lowering the price and then cancel the warranty for additional extra cash savings.
This may not be the friendliest of tactics, but tough times sometimes call for tough measures to get the things you want for an affordable price.
Knowing When the Time Is Right
Apart from warranty quotas, stores have monthly sales goals they are required to meet. Before the last weekend of the month, retailers will examine their stats and have some kind of advertised sale if they are in need of quickly making some additional sales to meet their goals.
This makes the last Saturday of the month the best day to haggle your way to a price that is friendlier to your budget and pocketbook for product.
Practice Makes Perfect
With a little practice, you will become bolder and save more. Don’ t get discouraged or embarrassed. The worst that can happen is the store representative can say NO to your request. The best thing that can happen is you get what you want and more for a lot less than you were expecting. In a little time you will become a master Haggler!
Keep your eye on Personal Money Store’s payday loans money blog for additional money-saving tips.
I like to haggle and have got some very good discounts, but thanks for your tips as I see I can even do better.
It’s true if you buy in bulk you can negotiate a really good price with the store manager. I worked retail for 4 1/2 years as a store manager and I was always willing to accommodate customers who were able to buy in bulk. If you know a bunch of people who want the same thing, get the money together and talk to the store manager about getting a good discount.
Great tips!