Getting a better deal abroad
We all work hard for our money so it is only natural to want it to work as hard for us, be it on the amount it can buy us, or the interest it earns in the bank. But making sure that it does, takes some effort and research.
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Top 10 tips on haggling
- Remember haggling is a game and is meant to be fun
- Don’t be rude or lose your temper or you turn the haggle into an argument
- Be reasonable – the vendor needs to make some profit
- Make sure it is appropriate to haggle or you will only end up looking cheap. Flea markets are okay; the grocery store is unlikely to be
- Try and research the price of the item you are going to haggle on beforehand by looking in other local shops or online if practical
- Decide how much you are willing to pay before you start haggling. Start with a lower price so that you can move upwards as part of the negotiations. A rule of thumb is that you should start at about half what the vendor asks and expect to pay a third less
- Point out any imperfections before you start as this will help you get a better price
- Dress down when you go out haggling. Wearing a Rolex or large diamond ring won’t help your case, as the vendor will know you can afford to pay the full price
- Don’t be afraid to walk out and say you will try another store – most of the time the vendor will follow you with a better offer
- And finally, never become attached to something you want to haggle on – you need to be prepared to walk away empty-handed.