These Negotiation Tricks Are More Common Than You Think

PennyGem’s Chloe Hurst helps you to not fall for these classic buyer tricks.

Transcript

00:00Are you about to get rid of your unnecessary junk you've accumulated in quarantine?

00:07Whether you're hosting a yard sale or selling on Facebook Marketplace,

00:11don't fall for these classic buyer tricks.

00:13According to Money Talks News, feigning disappointment is an effective way

00:17of turning confident sellers into apologetic deal-makers.

00:20Know the value of what you're selling and don't succumb to buyer's pressure.

00:25NBC recommends you disclose even the smallest of flaws

00:28and ensure you've reflected whatever these may be in the pricing.

00:32It will also help to ship your package with love

00:35and even leave a personalized thank you note for extra value.

00:38Money Talks News reports buyers will try to get a back-end discount

00:42by coming with cash in large denominations and no correct change.

00:46This is because buyers usually assume the seller will not have the correct change,

00:50not raise the price to accommodate large denominations,

00:53and avoid confrontation with the buyer and lower the price.

00:57Turn to a mobile payment service or wait while the buyer makes a money withdrawal.

01:01The site also suggests it's important to not be fooled by false competition.

01:06The implication that a similar item is available elsewhere for less is an age-old negotiation technique.

01:12If there was a better deal elsewhere, the buyer wouldn't be wasting time buying from you.

01:17Deceptive dickering, as one may call it, is for you to know and for them to find out.

01:23Nice try buyers, you're just too good at selling your goods.

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