Bargaining in Hong Kong
Bargaining in Hong Kong is a must if you want to get the real price for your purchase.
Some people are naturally nervous about trying to bargain, especially when faced with the gritty veterans that man Hong Kongs shops and markets. Below weve put together some essential tips to help you understand the rules and etiquette of bargaining in Hong Kong and hopefully put you at ease.
Its worth noting that the rules below are mostly aimed at those shopping at Hong Kongs many markets, although the majority of the rules also work for smaller stores.
Rule #1: Start with a low price Everybody and their dog has an opinion on how much below the sticker price you should start your negotiations; 20%, 30%, 40%, 50%. The truth is there is no hard and fast figure. It depends on the price of what youre trying to buy. The higher the price, the lower you should start. Most Hong Kongers kick off their bargaining somewhere between 30% and 40%. The best rule to follow here is that you really cant start to low. Rule #2: Know your product If youre just buying trinkets or souvenirs, this doesnt really apply, but for those buying bigger ticket items, you should know how much the item costs. This is particularly important for electrical goods and photographic equipment. Hong Kongs swinging merchants are past masters at making you think youve got a deal, when in fact youve paid more than the item would have cost you at home. You should price the item online or at home. Rule #3: Dont believe the seller Assume the seller is lying about everything. If youre buying a piece of Jade priced at $5 and the seller says its real, use your common sense, its not. Hong Kong salespersons will spin you a web of tales to make you buy their product. That antique chessboard for just $10 - made yesterday in Shenzhen. Rule #4: The walk away If you and the seller have reached a deadlock and youre still not happy with the price, it might be time to walk away. Tell the seller your final price and then slowly walk away, this gives the seller time to change his mind and call you back, which they often will. If the walk away doesnt work, dont return to the stall, as the seller is now firmly in the driving seat when it comes to dictating the price. Rule #5: Dont take tea If the seller offers you tea, its generally not a good idea to accept. The seller is simply trying to give himself more time to wear you down. He wants you to think of him as your friend so youll find it more difficult to bargain effectively. Rule #6: Pay in the local currency You may be packing pounds or dollars, and the salesperson will helpfully offer to take them off your hands at a very good exchange rate, dont accept. You will,oakley soldes, at best, get a very poor exchange rate, at worst, get completely ripped off. Always use HK$. Rule #7: Dress down You dont need to dress like youve been sleeping rough for the last week, but waltzing around with a Gucci bag, D Dont Try and Bargain in Malls Major stores and chain stores dont bargain and just like you wouldnt try and get some money knocked off at Circuit City back home, you shouldnt try here either. Smaller mom and pop stores will offer discounts, although they wont be anywhere near as large as the markets. Look for 15% to 20% as a maximum. ????????


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