Haggling Tips From The The Brooklyn Flea Market [Video]

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Whether you know it or not, there is a code of conduct for both buyers and sellers when it comes to haggling prices at flea markets. According to The Consumerist, the first thing you should know is that vendors expect you to negotiate a deal, and respond by including a “haggle factor” into the price. Therefore, if you decide not to haggle, you’re probably spending too much. The second point is not to engage in a price war right off the bat. It’s best to ask questions first, such as “What is its provenance? What materials went into it? Who made it?” Then, establish your interest in the item without going overboard – this will grease the wheels and help the vendor relax a bit on the price.

When it comes to the money, there’s different strategies. Some veteran shoppers say they start at half off and work upwards. Some vendors say that 20-25% off is reasonable, but over that you’re going to offend them.

Finally, if you ask a vendor to give you his or her “best price”, and still continue to haggle afterwards, you may offend them. Check out the video after the break to hear what others have to say about getting the best deal while maintaining proper etiquette. Needless to say, many of these techniques can be applied to dealing in just about any situation.

(via The Consumerist)

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