The smart way to negotiate almost anything
Be nice. It's a lot easier for store clerks or anyone else to give you what you want if they like you.
That's interesting for two reasons: First, women tend to avoid asking for things, especially money-related things such as raises. Second, retailers have become more open to negotiation in the wake of the recession. So asking for things is more important than ever.
Popescu documents her efforts on her blog, The Daily Asker, where she has shared her many successes, including negotiating the price of her wedding dress, her fees for clients, and a phone system at Best Buy. I recently chatted with Popescu about her strategies and advice for people who still find themselves overcome with awkwardness when they try to negotiate. Excerpts:
When is it easiest to score a deal? Hotels are often willing to cut rates if they're not at capacity or upgrade you if it's no cost to them, for example if they have empty rooms when you check in. The other biggie is retail, especially small establishments, where you're dealing directly with the owner or manager. Post continues after video.
For restaurants, think volume: When you're spending more than the average bill -- say, takeout for a birthday party, or reserving a room for a private party -- you have a lot of negotiating power. Either ask for a break on the price or see if they'll throw in some extras, like a birthday cake. At chains, now I always ask: Are there any coupons I don't know about? Occasionally, the waiter or counter employee will whip something out.
Any advice on how to increase the odds of success? Consider what resources these establishments can offer at no cost to them, and in return give them something they value that costs you nothing: loyalty, gratitude, promise of repeat business, mentioning their brand to your 500 Twitter followers.
Is there some secret to negotiating? If not, why don't more people do it? Believe it or not, there's no secret. But maybe that's the secret. So many people think it takes training, guts, savoir faire. Really, all that's required is the awareness that you can ask and a belief that you should. In my first year of daily asking, I had a 73% "yes" rate. As a total beginner. No reason anyone else couldn't hit that same mark.
But here's some tactical advice: Always try to make a genuine personal connection; it's a lot easier to indulge someone you like, isn't it? But remember that some situations require a harsher or bolder approach. And that's OK, too.
Do you ever get turned down? A tag on the blog is called "Ouch." So, yes! But the best thing that can happen to an aspiring asker is to get rejected a lot. Ask for crazy, ridiculous things -- and notice that the world didn't stop turning on its axis. Life goes on. No one but you and your mama cares that deeply about what you say or do. That freedom is what helps move past the awkwardness.
Sometimes I still hesitate -- but now it's not "What will she think of me?" Rather, "Is this a fair thing to request?"
Highs: Asking for my first raise (and getting it!), asking a random New Yorker for travel advice and ending up having dinner with him and a friend, naming someone's kitten, scoring a free airline travel voucher, and watching other people start to ask.
You wrote about negotiating your way into your dad's ICU hospital room. Do these lessons go beyond money? The biggest rewards had nothing to do with money. The thousands of dollars I saved or earned by negotiating are worthless compared to those hours I got to spend with him after that surgery. The real message that I'm trying to spread is that asking, if done with an engaged brain and heart, isn't selfish. It's simply a way to express a want or a need and identify corresponding resources or opportunities.
Ideally, both parties will improve their position (material, professional, personal, psychological) in that exchange.
More from U.S. News & World Report and MSN Money:
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Cheap LED light bulbs cost more upfront -- between $8 to $10 apiece -- but begin to pay off within 18 months.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'