Amazon is the titan of twenty-first century commerce. In addition to being a retailer, it is now a marketing platform, a delivery and logistics network, a payment service, a credit lender, an auction house, a major book publisher, a producer of television and films, a fashion designer, a hardware manufacturer, and a leading host of cloud server space. Although Amazon has clocked staggering growth, it generates meager profits, choosing to price below-cost and expand widely instead.
Tweet Let me be blunt. Over the last few years though, I have slowly picked up a few tips and tricks that I try to use from time to time to save money.
Most of these techniques are best utilized to negotiate products or services. However, they can easily be adapted and used to negotiate salaries, job opportunities, or even help resolve an everyday argument. While I had my Real Estate business, they often came in handy when negotiating everything from short sales to lease-options and from tenant complaints to refinances.
We all negotiate everyday whether we like it or not. Up until recent years, I simply chose to ignore that fact, which has cost me more money than I want to think about. As part of the discussion, please feel welcome to add your own tips, suggestions, and criticisms!
I look forward to hearing your responses. Obviously, very few people intentionally strive to get into awkward social situations.
More times than not this fear is self-perpetuating. Here are a couple truisms that I adopted that quickly and radically shifted my view of the negotiating process: The true value of an item is what someone is willing to pay for it.
If you want to quickly realize how true this really is, get into Real Estate. Stop looking at price tags, service charges, and listing prices as set in stone! These numbers are simply the high-end starting point.
People give discounts all the time for all sorts of creative reasons. Not the other way around. Your business is extremely valuable!
Most pay far more than that on average to get a new customer. Show them your value and exercise your right to negotiate! Once I adapted these two truisms into my daily life, my fear of negotiating all but dissipated.
I have to admit, it feels empowering to comfortably ask and receive a discount on an item that I would have normally paid full price for anyway.
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