How To Negotiate and Save Money

The other day I went to the swap meet to buy a Hawaiian flag for my brother. I was able to knock off a couple bucks because I asked for a discount.

This got me thinking about how you can improve your negotiating skills, and save a lot of cash.

Even though being a good negotiator can save you… negotiating can be very uncomfortable for most people, including me.

So here are 4 tips to improve your negotiation skills and save more money:

Tip #1. Know your stuff.

Before stepping up to the negotiation table, be sure that you know your numbers and the product you are purchasing.

Tip #2. Listen.

Being a good listener will give you information, help the other party feel respected and ultimately build trust.

Tip #3. Don’t be afraid to walk away.

If the deal doesn’t feel comfortable don’t force it. Walk away peacefully.

Tip #4. Look for a Win-Win situation.

You never want to have someone feel like they got ripped off. Instead, seek a situation where both parties feel like they got a fair deal.

If you can get more comfortable with the idea of negotiating, and develop your skills so you feel confident…

You can save yourself a pile of cash in any situation where negotiating is acceptable.

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