If you’re looking to liquidate piles of stuff that have accumulated in the basement, garage or storage space, be ready for hagglers.
Selling means negotiating. After nearly three decades of buying and selling vintage goods, I’ve seen every bargaining strategy in the book — some innocent, some insidious.
If you’ll be selling at a yard sale, estate sale or in person through Facebook Marketplace, take a minute to brush up on the latest methods of deceptive dickering.
Don’t fall for these negotiating tricks.
It’s inevitable. In spite of your detailed item description and clear photos, some buyers will arrive and act surprised and slightly disappointed.
Listen for reactions like, “Oh, it looked much larger (or smaller, or newer) in the photos.” Or, “I just don’t think that color will work in my space.”
These statements are usually followed by a low-ball offer that starts, “I guess I could take it off your hands for …”
Sure, some shoppers may be authentically disappointed at times. But, as a negotiating trick, feigning disappointment can be an effective way to turn confident sellers into apologetic deal-makers.
My advice? If you know the value of what you’re selling, don’t be fooled by psychological games.
Sticker shock negotiators know just the right level of theatrics to deliver without tipping their hand. They may appear confused when looking at the price of an item, as if the tag can’t possibly be accurate.
Turning to you for clarification, they may mix in a little indignation or even pity (you, dear seller, are hopelessly misinformed about your item’s value.)
Ignore sticker shock. Or counter with information.
Selling apps like AMZscout ProExtension make it easy to access a product’s real-time market value. There are also plenty of artificial intelligence repricing tools that can help you verify prices.
Or, if you happen to have access to the Seller Hub on eBay, you can use the Product Research tool for sales price data on countless items.
You know that your barely used John Deere riding lawn mower is a smokin’ hot deal. But then, a buyer points out that there’s one for sale across town for $100 less.
This well-worn negotiating tactic — suggesting that a similar item is available nearby for a lower price — is yet another attempt meant to throw sellers off.
Don’t get pulled into a price war with a ghost. If there was a better deal somewhere else, the buyer wouldn’t be wasting time with you.
Some buyers try to get a back-end deal by coming with cash in large denominations and no change. It’s another effort to get a discount.
Imagine, for example, that you have a vintage bicycle for sale on Facebook Marketplace. You and the buyer have agreed on a price of $175. But the buyer arrives with only four $50 bills.
This tactic assumes three things:
Don’t fall for it. Have small denominations available for just such occasions. Or turn to a mobile payment service, like Venmo. Or embrace the awkwardness and wait while the buyer makes an ATM run.
The quick double-count is less a negotiating trick and more of an outright hustle. I include it because, when performed successfully, buyers walk away with a hefty discount.
Here’s how it works:
This hustle relies on two assumptions:
Unfortunately, I’ve been on the receiving end of this trick. It worked flawlessly. You can learn from my mistake: Always recount the cash yourself.
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