Saturday, January 31, 2015

Money Negotiation Pays Off


We were all taught about salary negotiation. We were taught to negotiate high and try to work the process to our advantage. The other way around works too. I walked by a pawn ship in Silver Spring just to look around and see what was there. I was meaning to get an acoustic guitar for some time and figured they may have something. They had a Yamaha acoustic (which isn't the best quality) but I figured it would be something fun to fool around on. The price was $120, however there was a crack in the neck which would ordinarily lower a guitar's value if I sold it elsewhere. I spoke with the clerk and pointed out the damage. He asked me what I would be willing to pay for it. Now I know one would offer to pay significantly less than the asking price (watching Pawn Stars was a good crash course in bargaining). For fun I offered to pay $75. The clerk said that amount was a bit low and suggested $100. I haggled and asked if I could pay $90. Amazingly he agreed, if I paid a down payment. I thought about his offer for a little bit and said I would sleep on it. I may end up buying a better one after graduation but I felt applying what we learned in class was a great experience.