Are you those who is good at bargaining?
By jackie_chen
@jackie_chen (104)
China
August 11, 2009 9:45am CST
I just don't understand how they make this possible? You know i am now working as an international sales in an foreign enterprise,and most of our customers are from India.Every time we are happy for getting a new order,but it is alway just a matter of a moment,you know,before we make production,the customers keep bargining about price until we are forced to agree on the price that thet expected,if not,we will lose the order and they gonna turn to other suppliers,so it really a big headache for me.If you were me,how would you deal with it? I need help from you!
2 people like this
15 responses
@smileonstar (4007)
• United States
11 Aug 09
I deal with this all the time. well, another way that you can do is raise your price a little bit and when they bargain then you can go down a little to reach to the price that you want them to pay... or you set up another system for them to buy, such as buy 10 get 1 free. or if they reach to some amount that you can give them some item for free... something. Or 10% discount if they pay bill at once.
well, i know it is hard but that's how we do. try to get the best deal as we can and it will help their income also.
@smileonstar (4007)
• United States
12 Aug 09
Thanks for the best respond. well, I sent a friend request so I will tell you my name there. Dont worry I will be your friend and share all kind of business with you if you want. I work with people all day.
@jackie_chen (104)
• China
12 Aug 09
Hi,would you mind telling me your name? To be honest,I could never read a better suggestion like yours,and that is why I rate your discussion as positive.I can say that these way are very useful and helpful when we are on business,and which boss always ask us to try.So thank you very much,and i do hope to be your friend and exchange our views.:)!!!!
@grace118224 (1038)
• China
12 Aug 09
Indian clients are all acting like this as everyone knows . In my opinion if our factories cann't earn enough money from their orders we'd better not start the business with this kind of clients. Before the confirmaton of this order both of your two sides can bargain a lot . But how can they change their mind to ask for better price after the order is confirmed ? It's not reasonable.
@jackie_chen (104)
• China
14 Aug 09
Yes,it's not reasonable,as long as they find a better price from other suppliers,and as long as they not yet pay the 30% prepayment.So sometimes I feel I really get bored for business with indians.How come they are coming for price instead of quality,and I even doubt that if they are really a business man or not!
@arcidy (5005)
• United States
11 Aug 09
Yeah I guess I would say im pretty good at bargaining with people since a lot of the time I usally get what I want after a few attempts at bargaining. I know my mom is pretty good which ive learned after her. Which is why I want her when ever I buy a car or something I can get the price less.
@jackie_chen (104)
• China
12 Aug 09
Hi,thanks for your idea on that.So,personally,I do believe that bargaining is an special ability which gilrs are born to have,and which all we men admire but could never learn to be.I don't why,I guess i can only say that shopping is what all your girls good at just like your role playing as a mother for a baby,while we could only feel.Thank you!
@lulumartin (963)
• Germany
11 Aug 09
Hi, jackie, i think most of the asians are good at bargain. I am not that good, but my mother is really good at that. Sometimes i really think i should learn from her. But somehow i feel embarrassed to do so.
Perhaps you can use the japanese method. Nowadays, it's all about customer satisfaction, customers come first, it's not like in the past that focused on production. You can find out the target price that the customers are willing to pay for. Then you calculate the target cost. Try any methods to reduce your costs to meet the target cost. Deduct those unnecessary costs that will help you to reach the target cost.
I think it's a very competitive market in India, so that you should put the customers in the first place and offer what they want.
I hope this will help.
Have a nice day!
@jackie_chen (104)
• China
14 Aug 09
Hi,thank you for sharing your idea,it is helpful for me.So may i know that if you are also doing foreign trade business? I do hope that we can share some more good ideas on that since we already added each other to be friends in here.Thanks
@nitish_ausumn (603)
• India
11 Aug 09
Hi friend,
I am an INDIAN too,country where most of things are sold at bargained price. Infact bargaining is now everywhere, everyone wants to buy a comedity at an effective price. It is nice too. It is all because of perfect competition environment.
Only way to handle such customers is to tell the customer repeatedly What is unique in your product? Things that customer won't get in other products. Why other products are cheaper? And most importantly spoke with customer as he is of your family. Told him sir you are so sweet thats why I am trying to reduce prices.
Keep mylotting.
@jackie_chen (104)
• China
12 Aug 09
Hi,thanks for sharing your idea on bargaining,i do agree with you that we need put into the market what is the most competitive of our product that others may not have.But at the same time,just look at the market,sometimes it is just a mass,people keep comparing price among lots of different suppliers,while their quality may not be that good as what they say to you.So as a result,people tends to buy those cheap products while ignoring the quality.And the whole market gets crazy.
@arkaf61 (10881)
• Canada
12 Aug 09
I am awful at bargaining, which is kind of surprising because Portuguese are always bargaining - or where when I lived there.
They would bargain and argue the price of everything and rarely get out of the store paying what was marked in the first place.
My philosophy is that if I have the money and want the item, I pay for it at the marked price, if I don't have the money then I don't bargain to get the price lower. So I was always a bit different from everyone else I knew.
I don't know what to suggest on how to deal with it. It seems to be complicated. I know this doesn't sound exactly honest, but I remember when I worked at a store back home that they would raise the price a little bit already counting that the people would come and started bargaining, so at the end they would be paying exactly what was intended in the first place.
I don't think that store was the only one doing that.
@youless (112570)
• Guangzhou, China
12 Aug 09
I think sometimes it is because of the different culture. Some people really like to bargain even if the price is already very nice. Perhaps next time you can offer them a higher price and then you can give them a lower price when they ask for the best price.
I love China
@daliaj (5674)
• India
12 Aug 09
This is an interesting discussion. Barganing is an art which I couldn't learn till now. I am very poor in that. If I try to bargain also, I won't be able to reduce the amount to a good level. I have an aunt who is very good at bargaining. I feel bad to bargain to the poor people who sell goods at door steps.
@gunagohan (3414)
• India
11 Aug 09
i belong to india.....i request u to read the principles of management
and total quality management..
so that u could get some ideas about customer satisfaction..
i would tell u, fix the price that is affordable by the people and in the same way, u should get the profit...
i will tell u , we are always forced to bargain..because the primary rate is not good..its very high...they always fix at a higher rate, and so we bargain and they get the normal rate , then they sale the product..
so the basic mistake lies in the primary rate fixing..
i will tell, if u fix the correct price , there is no reason and way for bargaining..we will buy without asking a question..
but i am not good at bargaining..i will always shop only on the fixed price shopping malls..
they fix the correct price, so people shop easily without bargaining..
happy to respond..happy mylotting...
@yolanda19191 (1934)
• China
12 Aug 09
cause u always compromise, or others compromise, so they know they can get lower price by bargaining. if u'r in some industry for longer time, u'll know the scope of the price. if lower than the scope, refuse. then they have no chance to bargain. but that also need all the factories to have such a rule in the mind, really not easy. some even give the cost price, while get the profite from the tax refund from the country.
to me, if the price is too low or lower than the expected, i refuse. orelse there will be bad price competition. that will not be good to the factories.
in fact, such as we import, if the goods have good quality, and the price is in the reason scope, not only the lowest, we'll cooperate.
just to enhance the quality and service, not only to lower the price.
@bluehibiscus (702)
• United States
12 Aug 09
I am going to be blunt, after being with Lyoshka I have realized something, Indians love to haggle with price, really anything not just price. You can try to go high and get them to go down to the price you really want.
I personally would never want to do business with my fiance. He is way better at negotiating than I am.
@tutor19us (455)
• India
12 Aug 09
I agree, some people are great bargainers. But then, I disagree that certain nationals are like that. Maybe others are stingy too. Even they feel that pinch to pay more for an inferior product. What you can do is you can draw up a deed which clearly specifies the amount that has to be paid for the services or product. You have to be assertive enough to make your customers believe that they are getting their money's worth. A sales guy worth his salt would tell you that they are able to get more for a product's worth, never less. If a guy is really smart and capable he can woo his customers and make them pay through their nose.
:)
@littleme16ga (360)
• United States
11 Aug 09
I hate bargaining!!! But it's doable make it a clause in your agreement make them sign something before production stating they will pay what is asked. This should be done right when the order is placed. They can bargain up to the initial order and then nothing after that. It'll save you some time and a headache or two. And sometimes it's okay to lose an order if you're losing money filling that order.