Introduction
Negotiation skills are valuable for both the buyer and the seller. Here are strategies for arriving at a price that works for both parties.
Buyer strategies
1. Check the market price before making an offer.
2. Be polite and professional.
3. Justify your offer (e.g. compare with similar items).
4. Don't be offended if the seller refuses - this is a normal part of the process.
Seller strategies
1. Leave room for negotiation - don't set a final price right at the start.
2. Emphasize the unique features of your item.
3. Be ready to compromise, but know your bottom line.
4. If the offer is too low, say thank you and move on.
When is the right time to trade?
When you feel that both parties are satisfied, it is the right time to make a deal. Do not drag out the negotiations for too long.