5 Tips for Better Bartering
October 9th, 2007
I think when it comes to trading, espcially online, theres a few things that have to be kept in mind to get the best outcomes for both parties. Mine are:
1. Always know the monetary value of your item as well as the item you’re trying to trade for : With the power of the internet this should be a no brainer. Always check the prices on sites like ebay or just by doing a google search.
2. Always know the make, model, code, sku, isbn, etc. numbers : This is another key thats somewhat related to the first point. The applies mostly to consumer items such as electronics, appliances, computer items, etc.. Also offer this information for anyone interested in your item. It makes things a lot more transparent and even in the long run.
3. Include your general location and your max willing to travel distance : Some people overlook this, but I think talking about locations and distances right away can close a trade pretty quickly. No one wants to travel half way accross town to trade a lower priced item, but knowing someone can meet within 10 minutes driving distance has been a huge factor for my willingness to trade.
4. Save phone contact until you’re sure the other party is serious : No one wants to give out their phone number to strangers, especially online. However, phone contact is important to any trade. If you’re uncomfortable, ask if the other person can give you their number just in case you need to talk prior to meeting for the trade.
5. Be as courteous and friendly in person as possible : Again, seemingly a no brainer, but theres nothing inherintly normal about meeting random strangers to exchange items. However, by being formal, honest, and business like about your item, you make the other person feel very comfortable and in effect form a connection for possible future trades. I think on larger priced items its also courteous to send a follow up thank you email.
How to be a Better Haggler
October 7th, 2007
Came across a pretty good About.com article with tips on being a better haggler. When it comes to negociating I think doing the research is one of the most important practices you should implement. What’s the point of haggling if you don’t know anything about what you’re haggling for? Most people try to go in and just haggle aggressively to get the price down thinking its normal and easy. The problem is, they might not know everything they should about the item and therefore may just be digging themself into a hole or leaving unsatisfied for the wrong reasons.
