If you are a retailer, you will know how much more affordable it is to buy products from a foreign market. They sell goods in bulk for a meager price, making foreign market trading ideal for anyone who plans on getting into major retailing.
Something that many amateurs do is go into trades all guns blazing, which goes against the etiquette that you need to follow when trading at a foreign market. There is plenty of opportunities to haggle, but it has to be done right. Here is how to haggle at a foreign market.
Don’t be ridiculous with your prices.
The worst thing you can do when haggling on the foreign market is going incredibly low with your offer. You can indeed try and go for low prices on the market, but you want to make sure that you aren’t insulted. To be realistic, the aim is to say someone is trying to sell a black bomber jacket mens wear item. You wouldn’t offer them anything below a few dollars a unit, and if you did, you would be disrespecting them.
Build a relationship
Vendors don’t like it when people show up and instantly try to haggle. There is no way you can expect a good price when you don’t even know the vendor’s name. Before you get into the real negotiations, take the time to chat with the seller and get to know a little about them. The more that they like you, the lower they will be willing to go with their prices.
You also have the opportunity to make some repeat customs if they really like you, and one of the best things you can do in retail is built trade relations.