My bargaining tactics.
Hello friends welcome to my blog
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Bargaining is a tool used in business transactions to negotiate price of goods and services. The buyer and the vendor try to get a favourable price for the product or service from each other. For example where an item is sold by a seller for ten thousand naira and the buyer ask for it to be sold at eight thousand five hundred naira.
The vendor might decide to sell for that price or insist on the intial price, which ever party decides to accept the others negotiate/bargain wins the bargaining power.
As a matter of fact i am not!. Growing up when my mother will send us to the market with a list of items to get and there prices attached to each item. All we need to do is go to the sellers shop and request the item we want and pay for them with the exact amount written on it.
This method of carrying out purchases of goods became a style and norm for me and my siblings making it difficult to enagag in a bargaining with a vendor.
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In as much as i prefer fixed price to bargaining i have friends who are good with bargaining and negotiation when buying goods and services. One of the technices i have seen them use is bringing down the price given to them by the seller less than fifty percent, so that when they go back and forth with the seller they will end up paying seventy five percent of the intial price given to them by the seller.
Another technique i have also seen them use is price sampling, where by they get prices from different vendors to enable them get the best and affordable prices for goods and services.
I am totally of the opinion that goods and services should be pegged on a fixed price, boycotting any need for bargaining and negotiation because sometimes too much bargaining leds to purchasing and acquiring of sub standard goods and services.
For me i would prefer to work into a supermarket or a shop asking for an item and i am given the fixed price for it, if i can afford it i pay and pick it and if i cannot i walk away.
A lot of times i have witnessed a vedor and customer end up raining insults and abuses on each other as a result of bargaining and negotiation. Being a somewhat private person i would prefer to avoid all of that.
The downside of been unable to bargain for goods and services is that you end up buying things on a higher rate than you would if you have bargained. Especially if you dont know how much such goods or services cost generally in the market.
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On a Saturday i was preparing to attend a wedding and decided to contract a makeup artist for a makeover, she charged me forty thousand naira for the section i paid without bargaining but when i arrived at the wedding reception, i met my friend who told me she did hers for twenty thousand naira and to be honest hers was as good as mine. She told me she was also charge forty thousand at first but after bargaining they settled for twenty thousand.
Yes, bargaining has its advantages and disadvantages, so also does fixed prices. therefore i think everyone should choose whichever one works best for them whether bargaining or fixed price.
Thank you @ngoenyi for the support