ARE YOU GOING TO YOUR SUPPLIERS AND ASKING FOR DISCOUNTS OR TERMS?

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Sometimes we get too comfortable with a supplier and may be overpaying for their product or service.

Recently our calendar supplier had asked us for our order for 2011 calendars. They always do this in Februaryand give a bonus of 10% more calenders for free if we order that month

 

Well, we went and asked for some financing terms instead of the usual  $3,000 up front

Guess What? We go terms of 50% down in 60 days and the balance within 90 days

Never hurts to ask!

 

Have you had a similar experience with a supplier that you can hare?

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Topic:
Real Estate Sales and Marketing
Location:
Ohio Franklin County Columbus Clintonville
Groups:
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Rainmaker
1,295,575
Sam Miller
Knox County Ohio
RE/MAX Stars Realty

Joe - Great idea for sure.  I was recently in a session with Alan Domb in December and he shared a few ideas on negotiating with vendors.  Before you cancel something because it no longer fits in your revised budget or business plan...approach the vendor about repricing the product or service before you pull the plug.

February 11, 2010 02:55 PM
Rainmaker
1,084,342
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

And make sure you keep doing comparison shopping because sometimes suppliers think you are going to come to them regardless of the price, so they'll up the price significantly.

February 14, 2010 11:58 AM
Rainmaker
1,097,027
Joe Jackson
Clintonville and Central Ohio Real Estate Expert
Keller Williams Capital Partners Realty

Thanks for all your comments

February 14, 2010 02:57 PM
Rainmaker
1,097,027
Joe Jackson
Clintonville and Central Ohio Real Estate Expert
Keller Williams Capital Partners Realty

Thanks for all your comments

February 14, 2010 02:57 PM
Rainmaker
1,097,027
Joe Jackson
Clintonville and Central Ohio Real Estate Expert
Keller Williams Capital Partners Realty

Thanks for all your comments

February 14, 2010 02:57 PM
Anonymous
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Rainmaker
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Joe Jackson

Clintonville and Central Ohio Real Estate Expert
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