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How To... Haggle in Asian Technology Markets

071008_sz_haggling.jpg Here's Range again, giving us the scoop on shopping for cheap tech in Asia. This time he goes into the art of haggling...

 
 

Do your research. One of the first steps in haggling over a sale in Asia is to do proper research before making a purchase. It’s easy to find out what the retail prices and market value prices of items are in Asia beforehand. For example, you can check out the listings on Yahoo! Auctions in Taiwan. I use Google Translate to get an idea what a page says.

Yahoo! is really big in Asia, bigger than eBay in my opinion. Almost everyone uses Yahoo! including Asian retailers and vendors. They aren’t really used as auctions per se, but rather as an e-commerce site. These auction lists give you an idea of how much an item retails at different vendors. These prices are almost always lower than the retail price. I’ve bought cell phones, laptops and desktop computers this way. I just call up the retailers and get their location.

Bring a local. The best way to get a better deal is to go with a local friend or acquaintance. They will be able to haggle better and faster than you ever will. However, they do need to know a bit about what you want. 071008haggling2.jpg

Find dead stock. Vendors have to sell a lot of volume in order to make a decent amount of profit. The trick is to find something that the vendor wants to sell quickly, like an older model laptop. Last year’s models are a perfect example. Most vendors will try to get rid of their stock because customers are looking to buy new merchandise. They will be eager to negotiate. 071008_sz_haggling3.jpg

Never accept the initial price. Let the vendor downclose himself on the item first before you start to haggle. This will give you a good start. The key technique is to be realistic. Never try and seriously underbid the market value of the item, otherwise you will just loose the deal. With a little to and fro, you should be able to get the price that you want.

Don't worry about your Cantonese, Mandarin or Japanese skills. In the end, haggling is just an exchange of numbers. You show your price, the vendor will show you his. Vendors are used to this and they use calculators and paper to convey their price. There isn't much talk involved. If you talk in English, your tone will convey your meaning in most instances.

Don't be afraid to walk away. Walking around and seeing other vendors for the same item will give you perspective on your deal. Returning to see the vendor half an hour later will give you the edge. Walking away from a sale isn't hard if the price is too high.

At the end of the day, you should never be afraid to leave the deal on the table if the price isn't right. I’ve had vendors come up to me, after a bout of haggling, and offer me the item a lot closer to my desired price than initially. --Range

Comments (4)

how is this applicable to the american market??

posted by Damier on July 10th 2008 at 6:04am
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Let's try it at Bestbuy!

posted by ekoshyun on July 10th 2008 at 6:05am
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It's not. This is simply a peek at how things are done in other countries. Plus it's a nice guide for us geeks headed to Asia.

posted by lil' soso on July 10th 2008 at 9:03am
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It’s too hard to pass up with a good deal and you have no money in your pockets. In order to get this deal you may want to consider payday loans. However, there are some alternative measures you can take to get the things you want at a price that you can afford. Many of us may find it uncomfortable to "haggle" with sales representatives on a given purchase price but it is one of the easiest ways save extra money on the things we buy and it helps us to avoid consumer credit debt. There are many ways to haggle a better price when negotiating with your retailer, therefore reducing your need for a payday loan. One of the ways I found most interesting from the article I read was leveraging savings with a product warranty. If requested by the customer, retailers will come down on the sticker price of an item if the customer chooses to purchase a product warranty. This is because retailers have weekly, monthly and quarterly sales goals to meet when it comes to things like warranties and service plans. Warranties also have a grace period that allows consumers to receive a full refund on their warranty within so many days after a purchase. Therefore, you can leverage a product warranty to get a better deal on your purchase price and then cancel the warranty to save additional extra cash. There is a lot more you can learn about haggling by reading the article called "Haggling Better Buys Next Payday | Money Saving Tips" on the payday loan money blog at personalmoneystore.com

posted by ZacheryQ on January 10th 2009 at 4:50am
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