52 Ways To Save: Learn How to Negotiate a Good Deal

Jun 29 | Money Saving Tips

Every Monday in 2015, I’ll be sharing a different idea to help you save money! Add all of these tips to your frugal repertoire and you’ll be able to save a lot of money this year! I hope you’ll gather a few new ideas or at least some inspiration from this series.  

How to Negotiate a Good Deal

Do you have friends who always seem to find great deals? Does it seem like no matter how hard you try, you can’t seem to land the deals they do? Well the trick is dealing smarter, not harder. Learning to negotiate a good deal can help you to save big bucks throughout the year. If you want to learn to negotiate a better deal whenever you purchase a product, take a look at these helpful tips below.

1. Do your research.

It's best to go into a deal scenario well educated. If you know that item X can be purchased for a lower price at another store, this is excellent information to know. Know what the average retail price is of any product you are purchasing, so you know what you have to work with as far as price ranges.

2. Never disclose your budget.

Many times a salesman will ask you what budget you are working with when making a deal. Don’t tell them. They will still try to sell you at the higher end of budget. Instead, ask for your options to make a decision on. You are never obligated to disclose your budget, as it could actually hinder you from getting a good deal.

3. Don’t appear to be in a hurry.

If you appear to be in a hurry to purchase, it can be used against you. Instead, act as though you have all of the time in the world to make this decision. Make the salesman bring the good deal to you and attract your business.

4. Ask for a manager.

A manager may be able to give you a better deal than a floor salesperson. If you feel as though there is a better deal to be had, ask to speak to a manager. See if the price is firm by simply asking, “What is your best price on this? Is it firm?” and go from there.

5. Know your discount status.

Always ask if there is a discount for seniors, students, teachers, military, etc. It is always wise to ask the salesperson if they offer discounts AND if discounts can be stacked. For example, can you use your senior discount on top of a coupon or sale price? If so, the savings can add up!

6. Quote your competitors.

This is where it's wise to go in educated as mentioned above. Knowing the price of the store’s competitors can make a huge difference. Quote these prices even if they are about the same or more, and ask if they can beat the price. Some retailers will not only price match but offer an additional discount as well!

7. Be polite.

You can catch more bees with honey! Always be polite, charming, and put on a smile. Be respectful of the salesperson and they are more likely to want to work with you and give you a great deal.

See how simple it can be to negotiate a great deal? Give these tips a try and see what savings you can score!

I'd love to hear what sort of deals you have received over the years thanks to some negotiating!  Let me know in the comments.

See the other articles in this series, here.