Price haggling and fixed price

I wanted to get something from the store yesterday but I couldn't go alone. I took my little brother along to help me price what I wanted to buy.

"So embarrassing" you'll say. But such is how bad I am at haggling the price of goods. Countless times I've been cheated and lured into buying something at a very high price. These sellers realising I don't know how to do the back and forth pricing of goods, take advantage of this. There was a time when I bought trousers and was happy that I'd got a good bargain, only to get home and my siblings and parents started laughing because they felt have been cheated.

A market system where there's a fixed price is more reasonable to me. The seller put the price they want or they feel the goods are worth.

However, so many people love Price haggling. Nigerian mothers for Example love to price goods. Sometimes I feel so embarrassed when my mum prices goods. Imagine a seller saying his wares are $100 per bundle, my mum can offer to pay $15. See the Large difference!. After many offers and rejections, the seller might end up selling it for $17. If I was the one negotiating with the seller, I would have gotten it around $80-$70 thinking I've got a good deal.

Price haggling is a way of describing the situation where the buyer and seller of a product discuss a price until they reach an agreement on a price that they are both happy with.

Some sellers are open to price haggling, but some are not so it's always worth checking before you get to the cash register.

Price haggling can be done face to face or over the phone with the seller's agent.

In fact in some countries, like, Nigeria, Ghana, Egypt and Mexico price haggling is very much part of everyday life.

I'm not a fan of price haggling. I prefer going to a store where there's a fixed price for all goods. In price haggling one can never be satisfied, you might think you've got a good bargain until you hear that someone got it at a cheaper price.

It causes you stress and anxiety that you didn't get the best deal, and in the end, you might not be happy with your purchase.

Another disadvantage of price haggling is that the seller can feel insulted by the offer you make. You might think you're making a good and fair offer but to them, it's a ridiculous offer. In some countries, price haggling is acceptable but in others, it's considered extremely rude. If you're going to be travelling and shopping around for souvenirs or products, you'll want to keep this cultural difference in mind.

However, there are times when price haggling comes in handy, especially physical shopping where the item might have been shipped from far away and the woman is too busy to make the trip to return it. In situations like that, the price haggling comes in handy.

As a consumer, I know how much I'm willing to pay for an item but if I am given an option to pay less then I'd jump on it. So why not apply this in reverse?.

For someone like my brother, a shop with a fixed price of goods isn't favourable to him. His negotiation skills are of no use in such shops. He can persuade a stubborn seller to sell to him at a low price. If the seller is proving stubborn, he plays with them and calls them brothers or Customers till they agree with his offer.

Conclusion

I'd rather not spend my time haggling for prices, but I'm definitely willing to pay more for items if I get some value from them or if they are worth it. In my opinion, this is a win-win situation.

While for some the best way to get a good bargain is to negotiate the price with the seller. Whichever works well for you is good.

Thanks for Reading! 🤗💚🤗

I won't be able to engage as I'd love to today. I have an urgent issue to address. I'll check in at intervals to check out some articles. Till then, byeeee.