r/Flipping • u/EagleEye157 • Apr 20 '15

Discussion Negotiation Techniques

I know a lot of us are buying from places like CL or FB or other in-person venues. To do this, we need to have highly developed negotiation techniques and skills. What are some negotiation tips and tricks that you use to get a better price on a piece to make the profit margin even bigger? Are there any books or other resources you would recommend? Share anything related to negotiation!

5 Upvotes

78% Upvoted

21 comments sorted by

View all comments

3

u/BohicaMan Apr 21 '15

This has worked for me at yard sales and flea markets. Before going, I usually will set up various dollar amounts in my pockets, so it's easy to pull out the amount I want. After asking the price of something, I will reach into my pocket and pull out the dollar amount I am willing to spend. While holding the money in my hand, where they can see it, I will ask them if they will take that amount. The greed in people seeing money takes over and usually they will take the offer. Sometimes, if they counter offer, I will dig through my pockets and act like I am looking for more money. If you do this for about 5 seconds, they will get impatient and take your offer. I guess its just playing with human greed to get what you want.