Since the beginning of the recession, households nationwide became much more money-conscious. Although consumer spending during the holiday season often adds a major boost to the economy, many Americans plan to save money in a number of different ways.
According to a recent survey, nearly 43 percent of U.S. adults plan to haggle with retailers during their holiday shopping. Meanwhile, 50 percent said they plan to accept prices at face value.
When asked why so many consumers don’t plan to haggle over prices this holiday season, the majority said it was because sales staff don’t have the power to changes prices. An additional 38 percent claimed it wasn’t worth trying because it probably wouldn’t work, while a similar share felt haggling was inappropriate.
But haggling isn’t the only way shoppers plan to save money on holiday shopping. In addition, many consumers plan to hit mass market discount stores, such as TJ Maxx and Marshall’s. Others plan to complete their shopping at dollar stores and online auction sites, such as eBay.
How To Successfully Negotiate A Price
If you choose to complete your holiday shopping in stores and other outlets where haggling prices in acceptable, you should prepare for the process. If a seller gets the upperhand, you may require personal cash loans to pay for your monthly bills if you are overcharged or have bad credit. This first step to successfully negotiating the price of an item is to stop caring what the other party thinks of you. Many people avoid negotiating because they don’t want to seem difficult or be offensive.
While there are some situations where haggling may be considered offensive, such as at a chain store, you should never hesitate to try and get the best deal possible.
No When To Stop Or Walk Away
While negotiating a sales price, there always a chance that the situation could turn heated. If it seems like a vendor has lost all interest in selling to you over a couple of dollars, it might be a good time to try and compensate.
Meanwhile, if it feel like you are being swindled or the seller is letting their emotions get the best of them, it might be a good decision to walk away and try to find a similar item elsewhere.
Always Do Your Homework
If you go to a particular store or website with a specific item in mind, make sure to do some research before. This will ensure you are knowledgeable of the product so you know what a reasonable price is.
Additionally, if there are other vendors in the area selling similar items, you may be able to use this information to get a price reduction, keeping money in your pocket to put toward other items on your holiday shopping list.
Act Interested To Close The Deal
If a seller can tell you are getting flustered or you show hesitation about buying an item, they may be able to get the best of you in the end. Instead, try to keep your poker face and show enthusiasm in the transaction.