As a consumer, you want the best value for the price you pay. Unfortunately, there are many things out there that can entice you and keep you from making the best purchase. How do you score great deals when you buy? This article provides a 5-step guide on how you can improve your buying techniques.
Determine What You Want to Buy
Many consumers buy blindly. When you buy, you have to know what features you want to be in the product. For example, if you want a notebook computer, make sure you know what specifications you need. Maybe you want one that is lightweight, has a 250-GB hard drive and a 2.5 GHz processor because you are always travelling. Specify the features necessary in the product you want to buy and write them down. This will direct you when you encounter different suppliers. What you want to buy should be in accordance with what you need.
Research on the Item You Want to Buy
Researching on the item you want to buy ensures a cost-effective way of buying. By researching, you are able to compare products and prices. You are also able to learn about options that are not immediately apparent. The internet provides a great deal of information. Filter through the data using the specifications listed in step one. Take your budget into consideration and eliminate items that go beyond your budget.
Look Out for Great Extras
Companies or shops sometimes offer discounts or additional items when you buy their products. In the long run, this can even give you some income if you get an extra item for free and sell it online. However, always take into consideration the quality of that extra item. Is it functional, or is it given only because the company cannot sell it?
Buy in Bulk
The economics of scale used by large companies can also be used for personal buying. When large companies buy, they buy in bulk because the cost is much cheaper. If you really need large quantities of a particular item or you simply need the same item over a period of time, have an estimate and buy in bulk. Again, go back to your list. Buy in bulk, but only according to what you need and your budget. Use caution, however, and don’t buy more than you can store!
Learn to Negotiate
There are shops that do not allow for bargaining but many others have some wiggle room in their pricing. When negotiating, ask for the lowest reasonable price. This way, there is some room for gaining a deal at a price lower than the original. Be confident when negotiating a deal, but make sure to be polite. Sellers do not appreciate a rude customer. If you negotiate successfully, you might even get discounts for subsequent purchases.
Scoring a great deal needs preparation, fast thinking and courtesy. Remember these steps and you can save money every month!