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3 Ways To Negotiate At A Pawn Shop
May 19, 2020
Make Sure You Are Getting The Best Deal
Pawn shops can be a space of oasis where you can get some quick cash or find quality second-hands at half the price than in original stores. The best part is that it’s a shop where haggling is practiced, so having the right negotiation skills is critical to getting bang-for-the-buck deals whether you’re selling, pawning, or buying.
Of course, some pawn shops follow strict rules about negotiating, but it never hurts to give it a try. So long as you offer or ask for a reasonable price, you can get more value for your money than you expect!
Seeing as there are barely any set prices in pawn shops, your negotiation tactics will be the driving force that can help you reach your desired amount. With that in mind, the guide above should help give you some wiggle room at pawn shops:
Tip #1: Establish Trust
Whether you’re buying or selling, it helps to listen to what the other party has to say for most of your time together. This gives you a significant boost as you can gather hints of their interests and learn their language, both of which allow you to establish trust.
By talking less and listening more, the next words you’ll make should have more impact as it holds more information. This is an especially effective strategy for sellers as it helps you identify the specific wants of the buyer, allowing you to strike gold next time when you sit out at the moment.
Tip #2: Always Have Two Prices Set in Mind
Many people fail at negotiating because they start with the goal of talking down the initial price. However, it’s best to enter pawn shops with two different prices in mind, both of which are good deals for you either way.
The first price is the actual price you want to sell or buy an item for, but pawnshops will likely haggle down the price. This is the time to bring out the big guns, wherein your second price meets roughly about 50 percent of your desired deal.
For instance, if you’re selling an old, iconic laptop for $200, you can reach the intended price by initially offering it for $300.
Tip #3: Build Rapport
If you’re planning to come and go to pawnshops, you may be hurting your rapport. Establishing a connection with the pawnbroker can do wonders for your negotiations as it can give you more room to haggle with someone willing to listen to you.
For starters, you can introduce yourself to the pawnbroker and use their name throughout the sales talk to hold their full attention. Keep your body language pointed at them and eliminate any distractions between you and the broker as much as possible.
The Bottom Line
The art of prices and negotiating is a tricky one to master, so be patient. The tips above should help you get started on the right foot, but it takes time to incorporate it into your practice fully. Don’t rush or play your hand through negotiations, or you may leave plenty of money on the table.
If you’re looking to get a quick cash loan or want to sell used goods you no longer need, River City Pawn is your best option! We’re a quality pawn shop in Henderson, Owensboro, Madisonville, Murray, Princeton, and Leitchfield, get in touch with us today to see how we can help you!
