If you’re chasing down a hot deal this week, your best bet is knowing the right way to haggle. Consumer Reports says almost nine out of 10 people who haggle over prices are at least somewhat successful.
The magazine surveyed 2,000 savvy shoppers to find out what tricks work best when you’re trying to score a steal. Here’s what they found out, along with some other insider secrets.
Comparison-shop. More than half of successful hagglers say they either tell a salesperson they’re going to check out the competition’s prices or just go ahead and scout different stores for better prices, and 42% arm themselves with circulars or coupons from competitors. With predictions about how well retailers will fare this holiday season all over the map, it’s obvious that stores will be paying very close attention to prices, and the customers who force merchants to compete on price will be the winners.
Be nice. More than four in 10 survey respondents found that friendliness is the ticket to a bargain-basement price, with 43% saying they chat up the salesperson and try to form a connection before hitting them up for a discount.
Find out what others paid. Using social media to your advantage can pay off. Almost 40% of hagglers say they scope out user reviews to find out what other people have paid for the items on their wish lists.
Don’t be bashful. Haggling isn’t just for car dealerships and furniture stores; here’s a list of situations when you should go into a transaction with the mindset that the list price is just a starting point.
Talk a good game. Consumer Reports says another way successful hagglers chip away at prices is by telling a story that turns the negotiation into a dialogue: Give them a sob story, show them how much you understand about what you’re buying, argue that a blemish lowers the item’s value or ask an open-ended question like, “How can you help me out?” That puts the ball in the salesperson’s court.
Know when to shut up. Talk about silence literally being golden: Negotiating expert Steven Cohen tells Consumer Reports a well-placed pause in the conversation can throw a salesperson off their game just a little bit and make them work harder to win your business.
Check out these tips. Negotiating experts tell TIME which tricks they keep up their sleeves when they want a better deal.
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