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15 Keys to Negotiating in a Foreign Country

15 Keys to Negotiating in a Foreign Country

  1. If you are the first person to arrive at the shopping outlets in the morning, the vendor must make a sale to you because they feel it is bad luck to start the day off without closing a deal. Call it superstition but it is what it is. Be prepared to negotiate.
  2.  Most of the outlets sell the same items so walk around and get feel for your environment before purchasing
  3. You will not pay the same price as a local
  4. Everyone speaks your language when it’s time to buy
  5. Be assertive but not rude, show no fear
  6. Never look at the item you want to purchase, focus on the items surrounding it to get a feel for the price range and work you way up to the item that you want to buy
  7.  Know how much you are willing to pay (print out a currency conversion chart so that way you won’t have to do manual calculations) I used to print out the conversion in small font and tape it on the back of my phone or within a tiny notebook
  8. Most of the shopping outlets use calculators when negotiating, so know how to use one
  9. If the vendor is trying to sell you something for $20USD and you know it’s supposed to be less than that, you should respond with a price that is extremely low like $3USD. This is done so you can meet in the middle.
  10. Be prepared to walk away! If negotiations are not going well. 85% of the time, the vendor will call you back because they don’t want to miss out on a sale.
  11. Listen in to other negotiations to see what prices are being thrown out there
  12. If it’s just you and the vendor, take him/her to the side and negotiate privately to get better deals
  13. Depending on the time of day, you will get different deals. Mid afternoon to evening, you will get cheaper deals because vendors want to close shop on a good note. 
  14. Ask the vendor “Do you want to make money today? Because I want to spend.” “So give me a great deal.”
  15. Good luck and have fun, the more you practice, the better you get at it

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