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How To Haggle

Watch more How to Manage Your Money videos: Subscribe to Howcast's YouTube Channel - Save big bucks by learning how to haggle for anything. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - Howcast Video Games Channel - Howcast Tech Channel - Howcast Food Channel - Howcast Arts & Recreation Channel - Howcast Sports & Fitness Channel - Howcast Personal Care & Style Channel - Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Score good customer breaks Start locally. Ask merchants that you patronize on a regular basis if you can get a discount for being such a "loyal customer." Most will be happy to oblige. Step 2: Work the big-box retailers Finally buying that high-end appliance? Visit one of the big-box retailers and start by offering a couple hundred dollars less than the lowest advertised price. Tip If you don't know the value of an item, start by offering 30% less than the asking price. Step 3: Buy last-minute and in bulk Whenever possible, offer to buy the entire inventory of an item that has a limited shelf life -- at a discount. You'll be doing them a favor and they'll be happy to reciprocate with a lower price. Tip Never start by asking, "What's your best price?" -- that lets the seller set the bottom line price, not you. Step 4: Be ready with a counter-offer When they come back with a higher price, let them know you might pay a little more -- if they throw in free delivery, installation, and an extended warranty. Step 5: Ask about upcoming sales Always ask if the item you want is going on sale anytime soon. If the answer is yes, suggest they sell it to you now at the lower price -- or you may just buy it elsewhere in the meantime. Step 6: Look for last year's model For the best deals, focus on items that are no longer the hot new product; merchants are more likely to take a bath on old inventory that they need to move. Step 7: Negotiate with jewelers Never pay the listed price on a piece of jewelry -- the markup is between 300% and 1,000%! Haggle accordingly. Step 8: Ask about promotions If it's not a store you frequent, ask if there are any coupons, promotions, or discounts you should know about before shopping there. The merchant may give you one just to get -- and keep -- you Tip Make sure to ask them quietly or in private. They'll be more inclined to say yes if they're not worried everyone within earshot is going to demand the same deal. Tip Even the cost of health care is negotiable. If you don't have insurance, ask if you can pay a reduced fee for office visits, pharmacy items, and hospital stays. Most practitioners will oblige whenever possible. Step 9: Ask for a cash discount Now that you've negotiated yourself the lowest possible price, offer to pay in cash. You may just save yourself another 10%! Did You Know? More than half the people who tried to negotiate a lower price with their pharmacist, physician, dentist, or hospital were successful, according to a 2005 poll.
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