Most "negotiations" with retailers are
simple haggles; you don't need to deal with them and they don't
need to sell to you so it's simply a case of trying to get the
maximum discount in a one off sale. Not a lot of skill needed
to do haggle other than doing a bit of homework on the market so
you know what a good price looks like, having the courage to
propose the price you're prepared to pay and the fortitude to walk
away if you can't get a deal (assuming you have the time and energy
to go down the street to another retailer to do it all over
If you really want to negotiate this Christmas though, bear in
mind a few simple guidelines:
- The salesperson is probably very busy at this time of year so
don't drag out the process - a quick, efficient sale will get more
movement than asking to see every variation of the product you're
- Owner operated and franchise stores are likely to give their
staff more pricing discretion than the big department stores. Avoid
the "I don't have any authority to offer discounts" if
- Volume is very attractive for a salesperson so try to bundle as
many of your purchases together as possible from one store,
remembering of course not to reveal all your "carrots" in one go -
get the salesperson interested in dealing with you on one item then
introduce the next item in return for your proposed discount, then
the next item and so on.
- The ‘nice to have’ is a very important negotiation tool in
retail transactions and will probably get you a better deal than
the pursuit of a simple discount, especially on low margin items
like electronics. Accessories typically have much higher margins
than the main product so rather than pushing the salesperson for a
potentially unrealistic discount, add a couple of easy to give
items towards the end of the deal. For example if you're buying a
laptop, rather than trying to get a large discount, propose a small
but realistic discount but generate value by adding in new items
like a spare aftermarket power supply, an HDMI cable, carry bag,
mouse and so on.
- Remember that the market is real - supply and demand will
largely determine how much leverage you have in any deal. "Hot"
products will not yield discounts (no good trying to get cut price
Star Wars merchandise this Christmas for example) so as long as you
can live with the just superseded model, you'll find salespeople
very flexible when faced with a customer who can help them move
some old stock.
- Do your research so you know what a good deal looks like;
- Have the courage to propose the discount you want;
- Use incremental volume to generate greater discounts;
- Use the ‘nice to haves’ to add value towards the
- Look for just superseded models rather than the newest "hot"
- Be efficient, don't waste the salesperson's time - they'll
reward you with more flexibility if they can close the deal quickly
and move on to the next customer.
Good luck and have a Merry Christmas.