Ok, so by now should at least have a feel for what the Hand2Hand App is all about.
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Ok so the question that should be rising on your mind is: why are we discussing haggling today?
Well hand2hand allows you not only to request products from around the world, it also allows you to snap a picture of any product you find on your travels and put it for sale instantly.
So, the principle is you are in this foreign market and you can simply take a picture, input a short description, designate a date where it will be possible for you to make the delivery. And Voilá you are set.
We do recommend doing this in the first days of your trip/vacation so you can have time to go back to that special place and get that one of a kind product you can only find locally.
A couple of days and someone should be interested in buying your product. They confirm the payment and will be upholded until you meet the person and complete the delivery yourself.
And this is where haggle comes in!
As soon as someone click the buy button you know the payment is coming through. Time to get those haggling skills out of your pocket and start making a bigger profit of your product sale.
The origins of Haggling:
Haggling has been present in most commercial transactions since the dawn ot time.
From the time where good where exchanged directly for other products, for salt or even latter with the coin system being implemented. Haggling was always present!
Actually, haggling is still today considered an essential part of the culture of several countries around the world.
Asian Countries like Thailand and Indonesia, Latin American countries like the Dominican Republic, African countries and Arab countries expect that you haggle for the marked or asked price of a product.
It is expected that you have in to account that the initial price is much higher than the price you are supposed to pay in the end.
In some countries like Thailand not haggling is even considered and offence to the local merchant as it is part of the sale process.
Normally you go to a shop either ask you see the marked price of a product swipe your card on take out a few bills, and get the product.
Well haggling is not that straightforward and it actually is a much more selling experience.
The thrill of getting a product for a 1/10 of the initial asked price get your blood pumping and makes you feel good about yourself.
Also, the seller is completely fine with this procedure and of course you should investigate if its customary to haggle prices in the country you are travelling to.
But let me shed a few tips on the whole haggling procedure.
The Haggling procedure:
Haggling is not a science, it has no strict rules but should be guided by some common sense.
It is customary for the Haggling to start by asking the price of a product.
You should then wave your head in discordance with the price and wait a little for the seller to either give you a lower asking price or simply, or expect him to ask you for how much would you buy the product for.
From my previous experiences the goal is always to offer less than half the initial asked price. This will allow you to enter the haggling process and start bidding and hearing counter biddings until you both come to an agreement and kind of meet in the middle.
The different tactics of Haggling:
Ok so haggling is not a science but that doesn’t mean you can’t take a few hackings to make you stretch your profit. Let me share a few with you.
The “I’m not interested approach”:
This technique is really simple. You just walk to the person ask the price, and as soon as they tell you the price you simply say “I’m not interested” and slowly walk away in the direction of another shop.
The seller knows he hasn’t much time until you fall on the claws of another seller that will try to sell whatever he has there. So he will most likely talk about a price 1/3 of the initial asked price, or let you lower the price yourself.
The “He is the man he knows”:
Ok I know this may seem like a macho approach, but actually is quite effective if you are traveling with your partner.
In several countries the man is still seen as the one that has the obligation to take care of negotiations, and haggling is one of those negotiations.
So the key here is to have your female partner to go ahead as look at the product you both want. She lets the seller do the initial conversation, give her a price and even let him give her a counter offer. That’s when you step in and she starts speaking with you in your own language. You make a sign that it’s too expensive and that she already bought a similar item for example. What we are making here is the seller to feel that he either lowers the price so that the man can make the woman happy or the sale is gone.
The “I bought that in my country much cheaper”
Last but not least this is a classic. By referring that you can actually get a for example a Buddha price for a much lower price back in your country will allow you to take the seller off guard and allow for you the reach a better price for that statue.
So, as you see if you plan out the products you want to sell in the begging of your vacation or travel, and work on your Haggle, that you can flip a profit that will allow you to make some good extra cash for when you get back home!
I hope this guide in to haggling was useful to you.
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The Hand2Hand Team