6 Important Negotiation Skills

Haggling is something that many aren’t used to doing and can be uncomfortable. Most of the time in America the prices are set and there are typically not many items you can negotiate on. It can be difficult to know when to negotiate at the appropriate time and when to stop. When you head into a situation where the price is not set, you should be sure that you know how you are going to negotiate and haggle in a polite and proper way. Here are some helpful tips that can help your negotiation skills:

Mindset

Saving money by negotiating is a great way to go and you don’t have to be a world-class haggler to make a good deal. Don’t be nervous to do it the next time that you are in a situation that permits it. You have to change your mindset, especially if you are someone who is used to set prices. It is important to know that the salesman is expecting you to negotiate and prices can be set higher expecting haggling.

Polite and Persistent

Never be rude or pushy, but make sure that you are polite and persistent. With polite persistence, you will find that you are able to talk the seller down to a price that is fair for the both of you. Name calling, insulting, and lowballing the price are things to avoid when haggling. Being polite and persistent is very important when learning how to haggle.

Be Reasonable

Be reasonable. You do not want to offend someone by offering them far less money than the product is worth (this is called lowballing). It is important to be reasonable during a deal when exercising your negotiation skills.

Do Your Research

In order to make reasonable offers, you need to do research and find a fair price for the product. Research how much the product is selling for online and locally at other stores. Some companies will even price match what their competitors are offering.

Counteroffer

When the salesperson gives you a counter offer, consider throwing another counter offer back at them. This way, you can work against each other and you may find that you are able to meet in the middle somewhere.

Time it Right

There is a time and place for everything, and there is a time and place to haggle. Trying to haggle for a popular toy right before Christmas? Not a good time to haggle. There are specific times, items, and places for haggling. Make sure you do your research before negotiating a deal to avoid conflict.

We hope we have improved your negotiation skills. Thank you for reading!

Comments are closed.