The art of bargaining

Image Courtesy: Om Tandon

Ever had that experience where you have just come back from the local market and you want to go right back to the seller because your hotel manager told you that the real price of the article was not even half of what you had paid? Believe it or not, but ending up paying huge amounts for something not worth it can be a real disappointment, especially because you know that your money ain’t coming back anytime soon. Local markets at many places over the world are known to keep huge initial offer prices, for they know that haggling by the customer is soon to take place. However, if you aren’t are a tourist at your destination, be sure to nail this wonderful art by following some of these tips!

1.Do your research first:

Ask people the value of anything specific that you plan to buy, It could be your hotel receptionist, the waiter at the coffee shop you visit in the morning or a friend who has been to the place before.

2. Set an appropriate price in your mind:

There is no set rule for this, but it is usually assumed that the initially quoted price is 50% higher. Offer an even lower price. For example, if the price offered for an article is 80$, assume the real price to be 40$ and quote 20$. Don’t forget that it always depends where you are.

3. Learn a few practical words in the local language:

Start off with “How much?”, “Too expensive”, “Thank You” and “No”.

4. Expect to be pressurized:

They often come with stories of starving relatives and “You are our first customer for the day….Please!” These are all a part of the haggling so don’t feel pressurized to buy or feel guilt for offering a lower price. Stay calm and remember that as long as you haven’t made an offer, you don’t have to buy.

5. Refuse or appear disinterested:

There is no harm in refusing to buy the article. Your expressions are being noted and chances are that the seller will immediately bring the price down to reality. Ask the seller if that is the best price that he/she can offer.

6. Beware of third party commission.

If you have been brought to a shop by your driver or were directed to it by your hotel manager, chances are that the prices will not go as per your expectations, because there is profit involved on part of your third party. If too expensive, choose to walk out.

7. Be happy!

Bargaining and haggling should be a friendly and pleasant activity! So leave the ‘tough customer’ attitude at the door and have some fun!

#exploration #culture