Haggling Secrets Revealed – Save Money Everyday

Haggling Secrets Revealed

It’s¬†never been more important to save every penny! Especially if you really want or need to purchase something, yet a little voice inside is telling you “maybe I shouldn’t” because I’m paying off debt. Don’t be afraid to make purchases. Haggling is the answer to saving money, even when you have to spend it. Master your negotiation skills¬†with this FREE course by¬†Silicon Valley’s most prominent Sales Hustler.

I find myself writing this article because I had a very interesting long May two-four weekend. We created a new patio seating area in our backyard. I planted a new garden and enhanced my existing ones. We revived two old benches by replacing the rotting wood and a few more things. Of course this meant I had to go out and spend a few dollars in the process! Some things just aren’t¬†for free.

Yet since we too are paying off debt and spending isn’t really in the budget these days, I found myself starting by visiting yard sales. Yard sales are a great way to save money by the way. Most things are greatly reduced and people are just looking to “get rid” of their excess stuff to make a few dollars. Hey sound familiar? They are simplifying their houses and making a few bucks.

Haggling cost $2

This swing cost me $2 !

First stop I found a Step 2 baby swing. Not something that I needed but my daughter was on a hunt for one for our newest grandson. In the store I knew a new one would cost upwards of $20-$45. Yikes, a hefty penny for those swings. When I saw this one sitting there I asked how much she wanted for it. The lady looked at me and simply said make an offer. At the time, being my first stop I only had a few coins in my wallet and I kinda felt embarrassed. But I said to the lady I only have a $2 coin on me will that suffice? To my surprise the lady was more than happy the swing would find a new home since her own children had long outgrown this baby swing. Her kids where in grade 3 and 4 she commenced to tell me. Wow! What a deal. Actually I would call that a steal! After all that is a great reduction in price and she could easily have gotten $10 for the swing. So my first haggling experience on the weekend was more of a “it just happened to happen” kind of an incident.

Then next, after I retrieved a few dollars from the bank and broke it for smaller bills, we stopped at the next yard sale. Again I didn’t find anything for myself but I did see a brand new, in the box TV stand. My youngest daughter who had just moved out in April was looking for one. A stand for her bedroom and didn’t want to spend a lot of money. Once¬†again I asked the lady how much she wanted? She said they were raising money for a local charity and all funds would be donated. I thought about it and figured this stand would cost at least¬†$40 in the stores. I talked with the lady some more about random things. I looked around at her other goods and finally decided heck why not make an offer. So I again a little embarrassed said to her, “I will give you $5 for the TV stand”. To my surprise, another sold.

I’m not sure you could call either of these incidences haggling because these ladies simply agreed to the price I offered them. But heck so far I had spent an entire $7 for items worth a minimum of $60 retail. I was on a roll.

But here comes the best part. We visited Home Depot for plants in the garden and a few looked a little sad, lacking water. The price was $3 on these potted annuals and I asked the cashier if she could do better. With a little back and forth and explaining I hope these plants make a rebound, I eventually purchased 2 flowers at .98 cents each. :) Mind you we spent regular price on our patio stones and picking up garden soil.

On my way to my final stop, I found a mom and pop antique place. It was so inviting from the outside that we simply had to stop and take a look. They had antiques everywhere. Hanging from their walls. Scattered throughout the exterior and organized by groups on the inside of the barn. Our real intention was just to browse and to provide my hubby an opportunity to take photographs.

Haggling cost $10

What do you think? $10 a good buy?

However I noticed hanging on the side of a wall a very unique tealight wall holder. This holder had a Tiki style mask in the front of it. It was made from metal and finished in black. It spoke to me and I thought how nice it would look on the wall of¬†my room at home. I asked the owner how much he wanted. “This very unique piece”, he said, “I will give it to you for $20.”

Umm, ya $20 for a decoration on my wall. Yes, I love candles and tealights but I’ve never spent this much for one. Even if it was a unique piece. I looked around some more. Talked to my hubby about the tealight holder and the price of it. Spoke with the owner’s wife about their location and business etc. Just basically chatted up a nice conversation for a while. Meanwhile my hubby was taking photos and talking about the social sites he plans to promote their business.

As we were about to leave I asked the gentleman, “will you take $10?”. Oh no I couldn’t he said, I paid five dollars for that piece alone. I thought to myself with all the items he had in and around his shop there is no way he would ever remember the cost of one item alone. But ok so be it, he won’t budge. Guess I’m going to miss out on this one but I don’t really need it either. Once more I said with a smile. Are you sure, I only have two five dollar bills on me at this time. And I’m on my way to Walmart before heading home I won’t be back this way. He smiled back. Well how’s this he said, you give me $10 now and when you head back my way some day you will pay me the rest? I chuckled and smiled. When I come back? When might that be? Would I even find this location again? OK fine, deal. I went and got the $10, he took down the tealight holder and everyone was happy.

I don’t imagine he was too serious about ever getting his other ten dollars. After all someone who really expects you to pay would require a deposit and the item left behind until full payment was received. Or at very minimum would ask for some identification and contact information. So I am guessing our little banter had been for his pleasure as well as mine.

Haggling cost $10

My $10 side tables only in white

Last stop, Walmart. While I had no intention to purchase anything but food there, I couldn’t help myself but wander into the garden center. There I found outdoor side tables that would be perfect for our new seating area. But I looked at the prices of the 3 styles and found the cheapest to be¬†$18 and the most expensive at $30.

I thought to myself, do I really need these, I think I should just wait. But then something told me to take a closer look. I found the style of table I liked which happened to be the one at $18 but there were only three left. And all three tables had scratches on them cause they had been stacked face to face. So the white paint was scratched to the bare metal beneath.

Hmm, that makes them a little less appealing to me now. So my mindset changed and I thought of my yard sale stops early in the day. Could I haggle at a Walmart store? How much would haggling save me or would they tell me “no that’s the price”??

I took a chance and grabbed a table. I walked on over to the customer service area and talked to one of the associates¬†there. She said that the best they could do on anything in the store with scratches was 10%. Now she wasn’t the manager just a clerk at customer service.

So while I stood there thinking that would only be $1.80 off the original price and not worth my time, another employee came along. She was the manager on duty. I turned to her and said “there are three tables of this style, all three have quite a few scratches”. She proceeded¬†to tell me about the 10% again. I sort of interrupted her and said that I would take them home and re-spray paint them to match my garden benches. I told her how I was hoping that I could at least recoup the price of the spray paint which I thought might be around $5 and that 10% would not cover the cost or work I needed to put into the table. She looked at me and said, “OK how about $10?” Ten dollars for a side table? Half price? Sure heck yes. So I bought 1 table and left the store.

Outside I told my hubby, who was waiting in the car, how I got this great deal on this table. Cause the first thing he said to me was “it’s scratched”. After I told him the cost, the scratches didn’t seem to matter. He asked why I didn’t grab a second table ūüėÄ cause we could use two. I agreed with his logic and offered to go back inside and get another. He told me there was no way I was going to get a second at this price! “Sure I will, watch me.”

Off I went back inside. Grabbed a second table and headed to the front. I still had my receipt in hand for the first one too as back up. I walked directly to the customer service area and told her my story. After all the clerk had overheard my previous conversation the first time I was in. So she simply looked at the table, saw the scratches, charged me $10 again and without an argument off I went.

Two side tables for the garden at a BOGO (buy one get one free) price! LOL

My little weekend shopping spree; I saved myself and my family a total of ¬†at least¬†$83!! And spent only $39. How’s that for a little haggling! Now I don’t do it all the time, maybe I should. Mostly I just limit my spending altogether. But when I am out¬†shopping, looking for a deal, I use whatever means are available to me¬†to save a few dollars.

Haggling is one of those¬†ways to save on each purchase. Haggling isn’t just limited to mom and pop shops either, or yard sales and local craft events or flea markets. Haggling is a way to get better deals even at big, name-brand retailers!

Haggling isn’t just for mom and pop shops. It’s a way of getting better deals even at name-brand retailers !

5 Things People Don’t Realize about Haggling

  1. haggling doesn’t start until someone says NO
    You have to be willing to risk rejection. Haggling is a conversation in which two or more people talk about ideas that are not inline with one another. It’s about both parties making a point. Stating why one or the other is more valid in getting or receiving what they want. You have to get past the NO in order to state why you are entitled to what you want.
  2. your bargaining partner is happier if you go several rounds
    Don’t stop at the first no. If you do, you are simply giving up. People enjoy a good conversation and a little banter. Think about that Tyson fight which lasted only 60 seconds. People felt like they were cheated their money’s worth. We like to see a few good rounds. If you must, turn off topic and return later with another reason or another go at why you should get the deal you are looking for. Talk about things that interest both parties. It’s the art of conversation.
  3. ¬†it’s never really about the money
    We know money as a tangible thing, but it can’t sustain life nor enhance it. The same $10 can buy a meal, pay a bill, take you to a movie or whatever. What we are really looking at is the “value” of the money. The reason behind the purchase. Is it for status, improvement, security, what? Once you start talking about the reasons behind a purchase, you will find yourself opening up a more meaningful conversation that speaks to the heart.
  4. bargaining power begins in your head
    Being able to haggle successfully you need to be willing to walk away. You have to have the mindset that you don’t really need what is in question. Anyone of this weekend’s purchases I could have done without. Keeping this in mind it made it easier to ask for the deals and walk away if I didn’t get them.
  5. giving any reason is better than no reason and almost as good as an excellent reason
    In your negotiations and conversation, give the other party a reason why you are asking for what you are asking. You don’t necessarily have to justify or prove anything, you just have to say it. You can simply state an opinion. Like saying “that would look nice on my wall”, “my grandson would really enjoy that swing”, “oh my daughter could use a TV¬†stand for her bedroom”. That’s all there is to it. If you want to expand on the reason go ahead, just don’t talk yourself out of negotiations.

Why Most People Hate Haggling

Below are some of the more common reasons why people hate haggling. Do any of these sound familiar to you?

  1. don’t like to waste time
    Haggling takes extra time in negotiation and conversation. Many people are either in a hurry or just don’t like being social with others. It is far more convenient to “grab and go”.
  2. fear of rejection
    Many people hate to hear that simple word NO and of course you have to be willing to go past that point. Hearing that first no doesn’t mean the conversation is over and you have lost. Speak to the other party’s heart and soul. Some people might say this sounds like begging. I would “beg” to differ though. You aren’t groveling, you are having a polite conversation and attempting to get what you want out of it.

  3. hate being asked how much I’m willing to pay
    Many of us don’t like to think about how much we want to spend. Often we don’t want to spend anything. Here’s a golden rule to haggling: whoever says a number first loses! Instead you are best to come back with “How much are you willing to sell it for?” or “What do you think is a fair price considering …”
  4. in our culture haggling is NOT the norm
    I always find this interesting. I’ve made several trips to Mexico where haggling with street vendors in the norm. My parents are European and love to haggle with others¬†whether buying or selling. So I find myself being somewhere in between. Cultural norm, is what makes things come easier to you. If you are finding it difficult to haggle you need to start practicing. Use every opportunity you come across give it a try. Especially when you aren’t really interested in something. Just practice.
  5. haven’t done the research to know the value
    Before you begin haggling it is always best to have some idea of the value of the subject in question. If you have no idea of it’s worth you may ultimately be paying more even when you think you are getting a deal. Don’t be fooled by words like 10% off. That may sound amazing until you realize like I did, that it is only $1.80 off the ticket price!

Haggling takes practice and patience and the willingness to walk away. Successful hagglers can save money each and every day. Remember that a ticketed price is almost a way of saying “suggested price” it doesn’t mean that it can’t be negotiated.

Here are the tops secrets revealed to you about successful haggling. These tips should be learned and utilized in every day situations including: sales transactions, with colleagues in the workplace or even in personal relationships.

Secrets to Successful Haggling

  1. have confidence
    Remember the bargaining power is in your head. Never let the other party think you are desperate. Doing so will put you at a disadvantage. You will be in the weaker position. Giving the other party greater leverage.
  2. be prepared
    Do your homework and¬†research ahead of time. Consider all the variables that might arise. Know the value of the subject in question. If you can’t do this because it was unexpected, say at a yard sale, then I’m sure a simple search on your smart phone will assist in the process.
  3. give yourself some wiggle room
    Never start with your final offer.¬†You have to give yourself some room between what you are asking for and what you really want. Haggling is a conversation between parties. The conversation will end abruptly if you start with “My final offer is …”
  4. know your limit
    Decide ahead of time what your final limit will be. Do not be afraid to leave a negotiation if this limit is reached. This will always put you in the position of power. You can return to the negotiations at a later time should there be reason to do so.
  5. be cool, calm and collected
    Never get angry! Emotions have no place here. Just state your points of view. Speak¬†calmly about the value it would have for you or for them. Why you want what you want. This is a compromise and a negotiation NOT an argument. If it comes to an argument or one party does not want to budge, take a moment and walk away. Deep breaths and think. Return again with a cool and collected demeanor. You need to be able to keep a “poker face” the entire time.
  6. silence is golden
    Once you’ve made your point, don’t talk. I know that many of us feel a need to fill that awkward silence. But don’t break the silence. Let the other party have their turn to speak and say what they need to. During this time don’t commit to anything yet. Let them talk away. The manager at Walmart this weekend offered me half price after the initial 10% discount and all I said is I would like the discount to cover the cost of spray paint. Then I waited. I certainly didn’t expect half off. The tables weren’t that scratched! ūüėÄ
  7. don’t be negative
    Always use positive language and be upbeat in your conversation. Smile and turn on some charm. Once negative language enters the conversation the mood turns immediately to NO. It is much easier to get to a no than a YES. Then it becomes difficult to turn things around in your favor. If the other party is negative and says something like “oh I can’t do that” just wait. Use tip #6 above and be silent. Give them a moment and they will likely want to say something. Chances are then you will get an “ok how about ….” turning the conversation back in your favor.

My bonus haggling secret to you today to save money is this. Don’t commit to anything too quickly! If you’ve used all the tips I’ve provided within this article, walk away with this final point. If you jump on a decision too quickly you could ultimately lose out on a better deal. Choose to be silent or change the conversation slightly. Revisit the negotiations in a moment or so. Rethink your words and comebacks to gain further leverage. You never know what exactly the final outcome will be until you COMMIT.

Would you¬†like to learn the art of “Successful¬†Negotiation“, be sure to enroll in this course which I’ve personally selected just for you. Haggling and negotiation skills could be saving you thousands of dollars each year!