Have you ever found yourself frustrated after you go into a store, find a lot of items with great sales ranks, only to find the clearance or sale prices are just not low enough to make it worth reselling? Or maybe you’ve been at a garage sale, and the seller has their items priced way too high. If only you could get an additional 50% off… things would be much better. You might already know that asking for an additional percentage off could dramatically increase your return on investment (ROI) on the items you want to buy, but the fear of negotiating is holding you (and your business) back.
Both store managers and those who run garage sales have one goal in mind. They want to sell stuff. Now, the methods they use for achieving that goal differ in some aspects, but overall, they want to sell items without thinking they are losing money. For the rest of this post, I’ll be referring to the person you are negotiating with as the manager.
Before we focus on teaching you some negotiating skills, let’s first talk through the most common fears that are stopping you from negotiating a deal, the most likely worst case scenario, and the truth that will help you overcome your fears.
FEAR: I’m afraid they will say no.
WORST CASE SCENARIO: They might say no and I will feel rejected.
TRUTH: They are not rejecting you; they are rejecting your offer. I’ve had many store managers tell me that they wish they could sell me more of their clearance items, but simply can’t because their store is out of mark-down money (money that each store gets to use in lowering prices of items they need to sell faster). It’s nothing personal; it’s just how things work sometimes.
FEAR: I’m afraid they will ask me questions I’m not ready to answer.
WORST CASE SCENARIO: They might ask you why you want to buy so much or another question related to why you are wanting the deal.
TRUTH: These questions can easily be answered by telling the truth. If you don’t know the answer, just tell them you don’t know. If they ask why you want to buy, just tell them you have an online store and want more inventory. Or just tell them you are an Amazon reseller. Most managers are just asking out of curiosity, not as a factor for giving you the discount.
FEAR: I’m afraid the manager will give me a counter-offer.
WORST CASE SCENARIO: You might offer 50% off, and the manager counters with 20% off.
TRUTH: The best response to this counter-offer is to tell the manager that you would be able to accept his/her offer, but would not be able to buy as many of the items at that percentage off. If the manager doesn’t budge, then you’ll need to research if that deal is still good. I know it will take some time, but you would have to tell the manager that you would need to think about it and get back to him. Then you would need to go through and see what items are worth reselling at the new percentage off.
FEAR: I’m afraid the manager will actually say yes.
WORST CASE SCENARIO: Um… The manager says yes.
TRUTH: Be sure you are ready to follow through with the purchase. One time I offered to the manager that I would take every single Lego on the clearance aisle if he gave me 50% off the clearance price. At that time I saw about 40 Lego boxes, but as I continued down the aisle I found an additional 50 Lego boxes. I started to fear that we might not have the capital or even space in the car to follow through with this deal. It was a lesson learned that we need to completely think through how we would pay for and process all of the items in the deal if it becomes a successful negotiation.
Ok, now that we’ve addressed these fears, let me give you some good negotiating skills that will help you get to a “yes” much faster than if you didn’t use them.
- Be friendly and approachable – The manager is more likely to give a good deal to someone they like. When you first approach a store manager, introduce yourself and give them a firm handshake and a smile.
- Present your offer as how it will benefit them – It’s always good to try and present the deal as a win-win situation. Let them know how you’d love to help clear off the shelf, or that you will help get these slow moving items out of the store. Find a way to make this a win for them.
- Ask the manager what discount % they would be comfortable with – One time I was going to ask for 50% off, but when I asked the manager what she could do, she offered me 75% off. Deal!
- If you get a no, don’t stop there – Keep talking to the manager and ask questions. Many times, “no” is not the end of the story. Sometimes I’ll find out that next month might be a better time to ask. Other times I find out that I’m talking to the assistant manager, when I really need to be talking to the main manager.
- If you get a no, thank them for their time and remain friendly – You’ll never know when they’ll be able to help you out sometime in the future. At one store, I got a “no” 4 times before I finally got a “yes.”
- If you get a yes, thank them and be a good customer – Follow through and buy all of the items you said you would. I’ve had managers tell me before that some people offer to clear the shelf, but end up leaving half of the items. Don’t be like that. If you do buy up a lot, help clean up the rest of the shelf so that the manager sees how awesome you are.
- No matter what, always leave your contact information – Over the years, I’ve developed relationships with managers who actually call or text me when they have deals I might be interested in. If you follow the above advice, then they will remember you, and sometimes reach out to you with a great deal!
Remember, you’ll probably hear no more than yes, but the time that you spend negotiating toward a yes with a store manager will make all of the times you get a no worth it. The more you ask for a deal, the more often you’ll get a deal… and it helps ease the fears and anxiety you may face when talking with a manager.
Have you ever asked a manager or garage sale seller for a deal? How did it go? Did you have to overcome any fears not listed above? What negotiating skills did you use to work out a good deal? I’d love hear from you in the comments below.