Want to try the oldest form of saving money? Negotiate the price.
It works for homes, cars, and other large purchases, but it also works for small and less expensive items.
If you are planning to purchase a home or car, there is a ton of great advice on negotiating price, but too often people neglect to negotiate the price of smaller purchases.
Learn more: How To Buy A New Car
Just last week we sold a lovely wooden play kitchen to a nice grandmother. We listed it slightly higher than we thought it would sell for and included all the items that went along with it (play food, pots and pans, etc.). I figured someone would be interested but negotiate me down from $225 to $200 or even $150. Fortunately for us, and unfortunately for her wallet she paid our full asking price. There’s no question she was getting a “deal,” but had she asked we would have gone lower in price.
Another fine example happened today. We had recently purchased some Christmas gifts from Duluth Trading Company, excited that we were getting FREE SHIPPING! as well as a discount on several items. The very next day I got online and found they had dropped the price of the pictured bowling set to $31.50 from $39.50. So I sent a pleasant email to their customer service department, asking for a refund on the difference. They responded that they would refund me, and it was in my account that day!
Learn more: My What To Buy Series lets you know which month you can get the best deals on large items and more!
When you find a company who has such excellent service, you’re more likely to stick with them, and we’ll definitely order from Duluth again based on both their products and their customer service.
So remember, it never hurts to negotiate and ask for a cheaper price! The worst that can happen is someone says no.