How To Haggle With Confidence

In many parts of the world, haggling is a way of life however this dance can sometimes feel offbeat for Western travelers. If you’ve ever felt a tinge of hesitation towards this two-step, fear not! Here are some tips to help bargain your way through any marketplace like a pro!

LOOK THE PART

The art of haggling starts with your appearance. If you walk through a market looking like a million bucks, chances are you’ll get charged just about the same! Avoid being flashy in your presentation so your bargaining efforts come off sincerely. Added bonus if you learn a few local phrases to meet on as much common ground as possible.

Khadijat Oseni-Jetsetter Problems-Garment Shopping

KNOW YOUR PRICE

Before heading up to any vendor, do your research and come up with ideal prices you’re willing to pay for any given item. A great way of doing this is by consulting locals you know, observing other shops to see where the average asking prices fall as well as browsing through other travelers’ comments & confessionals online. Having rough placeholders in mind prevents you from getting flustered during rounds of negotiation and keeps you in the vicinity of your budget.

Khadijat Oseni-Jetsetter Problems-Carpet Shopping

THINK LIKE A LOCAL

A common mistake that often derails any haggling power is thinking in your home currency. This gives you a false sense of market value when deciding if an item is a good deal. Plus, you’ll be less likely to negotiate a better rate based on the product’s perceived value back home. To truly measure worth, think in the local currency you’re currently in and ask yourself, “Would a local purchase this item at this rate?” If your gut says no, chances are you shouldn’t either. Keep the following quote in mind to maintain perspective: “Just because you can doesn’t mean you should!”

Khadijat Oseni-Jetsetter Problems-Fes Souk

HALF ON A BABY

While haggling, a sound tactic is to cut prices in half. In my experience, the actual retail value typically lies around 75% of the asking price. Lowering to half will not only give you more wiggle room to negotiate with your vendor but it’ll also instantly shed some of his/her comfort zone which places both of you on a more even playing field. A sense of humor and lots of smiles are essentials during this process!

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A LITTLE NOD AND WAVE

Play hard to get and curb your eagerness. If you’re unhappy with where your negotiation is heading, literally walk away from the deal! After rounds of bargaining, an ethical vendor would rather meet you at/or close to your price than suffer the loss of a customer. Stepping away from the scene calls your vendor’s bluff and indicates you’ve hit your limit. Usually this action will prompt him/her to anxiously bring you back to close the deal on your terms. Cautionary tale, when walking away, you have to be prepared to completely lose everything so decide if the risk is worth it to you.

Happy hunting!

Khadijat Oseni-Jetsetter Problems-Marrakech Souk

 

Khadijat Oseni

Khadijat Oseni, aka KO, is an urban nomad and travel & lifestyle blogger from Brooklyn, New York with a healthy addiction to passport stamps, random creative adventures and culture. KO merges her flair for art, style, humor and pop culture along with her #jetsetterproblems to share her eclectic world experiences.

4 Comments

  • Reply January 20, 2015

    Deaweh

    Much needed advice. Haggling can be so frustrating, but having an idea of the price you are willing to pay is a great idea. Thanks!

  • Reply January 21, 2015

    Natalie A.M

    Loved reading this. It definitely brought back some fun memories, especially the walking away part! 🙂 very practical tips.x

  • Reply January 25, 2015

    Khadijat Oseni

    Thanks Natalie, glad you enjoyed 🙂

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