How to Haggle

^This is the wrong way to haggle.

Alright, how to haggle. Let's see, the basic concept.  If you are the seller, you want the highest price possible, if you are the buyer, you want the lowest price possible.  This should be a pretty quick blog, there's not much "skill" to haggling, if you know how to it is not a difficult concept. You have to be asking realistic prices while at the same time driving the other person to the price you want.  Haggling also involves this: become a good salesman and know how to bluff.  This goes for both buyer and seller.  For the seller you want to convince the buyer to have the highest view possible of this product your selling such that he/she thinks it is absolutely INCREDIBLE and they need it now before someone else gets to it. For the buyer you want to instill fear into your seller convincing them that you don't want it that much, it's not all that interesting, and it's really not that good of a product.

Seller:

Approach 1: Start with a price you would NOT expect to get. Don't make it ridiculous so the buyer walks right out the door right then and there. If you would like to get $50 for it don't say $150.  Start around $75 or $80.  Then say the buyer goes $30. You try to decrease SLOWER than the buyer increases or the same.  So the best way for this situation to go would be then you to go down to 70 from 75 and get them to go to 40, then you could go to 60, they go to 50, and you say lets meet in the middle at 55. Voila you have $55.

Make sure you have the lowest price you are willing to go in your mind before you start haggling. Say your lowest was $40, when it gets too low and the buyer refuses to come up, just say sorry and tell them no deal and walk away. Sometimes you may just have to go find another buyer but other times they will stop you and say "Alright well what do you want for it?"  And then it is in your hands because you KNOW they want it. Don't try to over sell them but if their highest was $35 then tell them $55. And haggle from there and try to get $45 at least.

Buyer:

Approach 1: If you are the buyer and you get to make the first move, ask the seller what they want for it. Make sure before you ask you know the average price the item goes for.  Say it goes for average of $50. Your objective is to get it for LESS than you can get it somewhere else. You want the seller to lower the price more than you up your offer. So if you start out at $25 and they start out at $65. You go $30 they go $55. Then $35 and $50. Then you say $40. They accept.  The end and you save $10.  And if they reject whatever your highest offer is you walk away and manyyyy times they will stop you and accept it. Or accept it a day later. If not, just go find another seller.

The starting offer/selling price is everything for the buyer and seller.  Buyer, don't go too low but low enough they know you are interested and they lower their price, seller, don't go too high you scare them off.