Do you like to bargain or just pay the price and move on?
#1
Posted 02 February 2012 - 08:20 AM
Which one are you and why? If you avoid bargaining why? If you do bargain how do you know you are getting the best deal? When do you walk away? And what are you best bargaining tips or techniques?
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#2
Posted 02 February 2012 - 09:23 AM
#3
Posted 02 February 2012 - 10:43 AM
One must know the RELATIVE value of a currency. 10 dollars might buy you a pizza in the US, but if converted into yuan, it might buy you 100 pizzas. So you have to not think in your own currency, but in theirs. I had a ball bargaining in China and Dubai. But at a certain point, even though I knew I could get a better deal, I'd stop (In China particularly), because I liked leaving a little extra in the hands of someone who probably needed it more than I did.
If it is a high dollar item, and you really want it, you must be prepared to have a "walk away" point. You will know what a vendors limit is if they do not let you walk. But you must know what yours is too. I walked away from a bracelet I really wanted in the Gold Souk in Dubai. Gold is SO expensive right now, exchange rates were not too favorable, and the vendor simply couldn't go any lower. Whew, 3 dive trips for the price of that bracelet!
People always assume that bargaining is not done in the US in retail stores. I remember reading about the oversupply of oriental rugs in the US. I found the perfect rug but it was way more than I could afford. I walked out with that rug at half of the retail price. The guy needed to move some rugs and still made money.
No sin in bargaining as long as a fair price is paid and the vendor makes their profit too.
#4
Posted 02 February 2012 - 11:00 AM
J
#5
Posted 02 February 2012 - 11:02 AM
And I certainly don't like it when I give a customer the price my boss has set for an item, and they insist I can do better. Trust me, I won't budge off the price my boss has set!
#6
Posted 02 February 2012 - 12:09 PM
#7
Posted 02 February 2012 - 02:24 PM
I never bargain. I figure that if a vendor or a store wants to sell something to me they will have it priced right or I won't buy it. I have been in retail for 35 years and I find customers that try to bargain in my store to be obnoxious. When they tell me that they can buy it cheaper at xyz store, I ask them why they did not buy it there? One of the reasons that I won't bargain is that I personally think that a vendor or store that is willing to bargain knows they are ripping the customers off to begin with and they are just hoping that someone will be foolish enough to pay the high price. So I do not give them the opportunity, I just leave and go somewhere else.
J
Oh, I don't do THAT. That IS obnoxious.
Bargaining in some cultures is the norm and seriously, in some cultures you will offend them if you don't do a little bit of it.
It is not the norm in the US to bargain for most goods and I wouldn't do it in most scenarios. I shop around for good pricing just like the rest of us. But in the case of the rug, I truly could not afford the rug I liked. The retailer initiated the bargaining as he needed to move some rugs and must have made enough money on it to sell it to me at the price he did. My father had a large nationwide furniture business when I was a kid. I used to work part time for his designer at his first store and know how large the industry standard markup is for accessories, rugs, and the like. I knew that the retailer was still making good money. So it was actually a very pleasant interaction with the rug retailer and both of us were happy with the price and the transaction.
Now what's really fun is to go to the furniture market in High Point with a pile of cash. The can and will sell wholesale there. I grew up in a house full of market floor samples.
But I pay through the nose to try to buy American made furniture and with local and independent retailers as I would prefer supporting those businesses over getting the best price.
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