How to Save Money on Contracts and Renewals: Expert Tips for Haggling
Are you tired of overpaying for your phone, TV, broadband, insurance, or other services? Well, it turns out that haggling could be the key to unlocking significant savings on your contracts and renewals. According to consumer expert Helen Dewdney, also known as The Complaining Cow, mastering the art of negotiation can lead to better deals and more money in your pocket.
Negotiating Like a Pro
When it comes to contract renewals, the first step is to get negotiating. Companies often offer better deals to new customers to entice them, but as a loyal customer, you have the power to request a similar offer. Helen Dewdney recommends doing your research to determine what other companies are offering and using comparison sites to show your current provider that it’s cheaper to leave.
Top Tips for Successful Haggling
To maximize your chances of success, follow these expert tips:
1. **Set Your Limits:** Before making that call, decide on the maximum and minimum amounts you’re willing to pay each month. Stick to these figures during the negotiation process to stay focused and within your budget.
2. **Challenge the Offer:** Don’t settle for the first offer presented to you. Use phrases like ‘I’ve worked out my budget…’ or ‘Is that the very best you can do?’ to push for a better deal. Remember, silence can be a powerful tool in negotiations.
3. **Build a Relationship:** Approach the negotiation process with a positive attitude and a sense of humor. People are more likely to help you if you maintain a friendly and respectful demeanor throughout the conversation.
When All Else Fails
If you’re still not satisfied with the outcome of your haggling efforts, don’t be afraid to escalate the situation. Writing to the executive team, including the CEO, can sometimes lead to a more favorable resolution. By following these expert tips and staying persistent, you can take control of your contracts and renewals, ensuring you get the best deals possible.
