Are you looking for tips to negotiate and get the best price? Do you want to pay less for products or services you need? Do you want to charge better prices for your product or service? Do not stress out; read this guide to the end to learn tips that will help you buy what you need without breaking the bank, or selling your product or service at the best prices.
There are different approaches to negotiating prices and getting fair or much lower prices for nearly any product or service you need. You might not be used to negotiating prices; however, these tips will give you an insight into the best tactics you can use. You can use these tactics to negotiate price if you are also in sales for the product or service you are selling.
Here are tactics to negotiate price:
1. The Flinch Method
When you are told the price of a product or service, you need to flinch like you are disappointed. This tactic involves putting a sad look on the face and rolling eyes upward as if in pain, exclaiming “That is very costly!” Hearing that might make the seller reduce the price immediately. Flinching can also get you a higher offer from your prospects if you are selling.
2. Asking Questions Method
Another tip to negotiate price is by asking questions regarding the price. Questions such as:
“Can’t you sell lower than that?”
“Is that the best you can do?”
“Can’t you do better than that?”
When the seller tells you the price and you pause, indicating that you are surprised and ask the questions and keep silent. The buyer will be forced to reduce the price if the price is flexible or raise their offer if the other party is buying.
3. The Assertion Method
Using this method involves expressing your confidence and certainty that you will get the product or service much cheaper somewhere else or that the prospects cannot get your offer cheaper anywhere.
“You can’t this offer cheaper elsewhere.”
“I can get this product cheaper somewhere else.”
These statements will undoubtedly have psychological effects on the other party and help you get the price or offer you desire. Meanwhile, you should not be aggressive when using this strategy to negotiate the price to have your way.
4. Lowballing Method
When they ask you to pay $50 for a product, you can lowball your response and say, “I’ll pay $30 cash right now.” The gratification that comes with receiving instant cash will make the other party reduce the price. Even if you are asked $40 for the product, you have successfully reduced the price.
Takeaway
Follow the tips above to negotiate price and get the best price for the product or service you desire or offer.