Haggling is still a way of life in many counties around the world. If you are new the to concept outside of purchasing a car or going to the local swap-meet and want to be prepared for the lively and sometimes overwhelming wild west of open markets you will confront abroad, have a look at the tips below.
1. Don’t get visibly excited. When you find something you like, get a solid poker face on and be ready to bluff your way to a good price. If your face lights up and give off the “Oh my god this is perfect” vibe, you will likely get an even higher markup from the vendor, as they know you really want the item.
2. Decide how much its worth to you. How much are you willing to spend on the item? If you don’t set a limit in your mind, the item may remind you of the high price you paid as opposed to the cultural memento it should remind you of.
3. Allow the vendor to give you a price. I typically cut that price by 1/3 to 1/2 of the asking price and work my way up from there. This cannot be a set rule as all counties and vendors are different. It typically depends on how much im willing to spend.
4. If you are not happy with the price, feel free to start walking away. Often, they will bring the price down further. If not, you may have brought them down as low as they’ll go. There is no shame in walking right back to the vendor to make your purchase. The vendor has their tactics and we have ours.
More often than not, there is another store or market vendor near the one you are at which is selling a similar or the same item you are bargaining for. If you cant get the price you want, take a second to look around and compare prices. Its one of the greatest powers you have over the vendors.
Haggling is not about being a hard ass. It works for some, but I don’t recommend it. You are going to want to do haggle with a smile and try to connect with the vendor. This should be a fun experience. Maybe even learn how to say clever statements like, “you’re breaking my heart” in the native language. The vendor will likely get a kick out of it and laugh. If the vendor likes you, they will give you a better price than the person who says something like, “F%&$ that, ill give you $6”. The vendor would rather have fun at work, just like you when you’re at work. You don’t necessarily have to try to be their buddy, but try to be nice.
Also, if you are serious about your markets and want to make sure you are able to get the best price, leave the nice watch (which you shouldnt bring traveling with anyway) and designer clothes behind. If you reek of the big bucks, that’s what you’ll end up paying.