To Save Money Get in the Habit of Bargaining
Consumers can negotiate better prices for just about anything, but many don't like to do it because conflict is uncomfortable. Once you succeed, however, it will be habit-forming, profitable and much more comfortable. Negotiating became second nature to me because for many years I was a merchant, buying, selling and negotiating at the
Here are some ways you can save money:
Negotiate lower fees for Internet and phone and cable service
An acquaintance mentioned she was paying
Ask to collect on obsolete offers
Last year my wife, Carolyn, and I were given a generous gift card for a local restaurant. We used the card, had an excellent meal, and filled out a card for future promotions. We subsequently received a
Complain about bad service, and report good service.
My son is a frequent restaurant customer. He never hesitates to write the company documenting any problems. Nor does he hesitate to pass along compliments. As a result, he almost always receives some sort of compensation. What surprised me is that he even receives rewards when he is complimentary. Never hesitate to make a legitimate complaint, or to compliment good service.
Develop good relations with salespeople
My wife has made strong relationships with salespeople at her favorite department stores. This habit results in many benefits. For example, she often finds an item she likes that is overpriced. She then asks the salesperson to contact her when the item goes on sale. In most major department stores, salespeople work on commission. It is to their advantage to develop warm relationships with customers. It is common for a salesperson to call us announcing a sale on a specific item. Sometimes, Carolyn will make a purchase a few weeks before an item goes on sale. Even then, she will receive a call telling her she will be receiving a credit because of the sale. It pays to develop relationships with salespeople when you show loyalty.
Negotiate with credit card companies
The credit card business is very profitable for financial institutions. As long as you have been a profitable customer, these institutions do not want to lose your business. Therefore, they are willing to negotiate interest rates and fees. Unfortunately, a significant percent of credit card users do not pay their balance in full each month, and end up paying interest on their balance. Try to pay your balance in full each month, but even if you can't, you can still negotiate a better interest rate. If your credit rating is good and you are receiving offers from many other institutions, your existing creditor may very well match other offers. You can also negotiate the elimination or reduction of other fees. If you sent in a late payment, for example, if you have a good payment record, most issuers will waive the fee. Don't be afraid to negotiate. You have nothing to lose.
Please send me innovative examples of how you saved money on products and services to share. I will share your good fortune with other readers.
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Personal Finance - To Save Money Get in the Habit of Bargaining
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