Monday, July 23, 2007

The Art of Bargaining



From a very young age we tend to develop the habit of shopping, boys may be vegetable and groceries and Girls buying bangles or cosmetics ,the commonalty is not only shopping but the process of bargaining we do with seller. Over our growing period, this habit of bargaining gets imbibed into us a natural skill. That’s the reason also in the retails chains today 85% of SKU’S (Stock keeping units) are subject to discount, because love buy for less, which is not bad.

When we move into our professional life’s this skill help us a lot, while making negotiation for better package or while sourcing resources for our projects or convincing clients that our proposal is the best. Indians are doing well whether it’s marketing or finance domain, because this skill has refined from our formative years.

Some people may suggest that this mentality of barging is a “Middle-Class syndrome” my only suggestion to such hypocrites is that if you don’t have the skills don’t crib.

So I encourage all parents across the socio-economic strata to encourage there kids to go and do shopping at least for the necessities like groceries, vegetable , etc and one line instruction get it at the lowest price without compromising the quality .