End Of Month Is Best Time For Gadget Haggling
A salesman at a major electronics retailer told FreeMoneyFinance a bevy of tips you can use to bargain down the prices in-store on big-ticket items, like:
The best time to negotiate is end of the month. I don't mean like two weeks before. I mean like the 30th or 31st. Sales managers are usually willing to take a lower amount because they have to "get stuff out the door" to make their bonus.
Get 'em when they're desperate to move product, and you may be more likely to see the price move in your favor as well.
A Salesman Tells How to Negotiate for the Best Price on Electronics [Free Money Finance] (Photo: FredoAlvarez)
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Comments:
there's an extra "l" in "html" on the link to free money finance.
wouldn't it have made more sense to post this yesterday? :)
Would have been useful to have this info, oh, I dunno, nearer to the end of the month? ;)
@Ben Popken: I say this because this is the tactic to use at Sears for your appliances, at car dealers for your next new auto, literally anything, save real estate, since they typically only have annual (fiscal year) quotas to meet.
This goes for cars too, believe me.
@dieselman8: I believe with cars, these days, any time is a good time to haggle.
In we just bought our first complete set of appliances and I treated like buying a car (it was the end of the month). Negotiate a price, don't commit to a payment method or extended warranty, etc. etc.
Works every time.
@zigziggityzoo: So the best time to buy a house would be the end of this month, then, right? Real estate brokers must be very desperate.
@zigziggityzoo: No annual quota to meet. I have not heard of that practice here in the Midwest. The most common structure is a tiered commission scale. The more you produce through out the year the higher your commission split gets. So in reality most brokers will put off any deals in December until the new year to get a boost on next years pay.
Statistics will show December to be one of if not the slowest months for real estate transactions and this probably has a lot to do with it.
@zigziggityzoo: Last I heard, Sears employees are unable to change the price on an item. Unless the employee has a spare coupon in his wallet or you bring one in, its like walmart. Your stuck with the sticker price. Atleast that is how it was 2 or 3 years ago when i worked there.
It works for/against you when dealing with any quota system as well. Tickets are a good example.
@zigziggityzoo: some RE brokers run short-term promos to increase sales (i.e. -> highest seller during april wins a boat), but unless you know an insider that's willing to disclose that info, there's not really anyway to benefit from it as a customer.
We bought our car from Hertz last year while they were in a sales competition with the other Hertz NW dealerships - they very last day of it. We were able to get 3k off of our sales price. Still amazed at the bargain we got.
I will probably use this at the end of this month to get some sweet post christmas stuff.
@WaldoSahagin: from what i heard from a sears employee is that yes, they cannot change the price of the item that much, but they can play around with 10-15% discounts if your nice.
Doesn't this work for ANYONE selling ANYTHING on commission?