Ready to buy? Here’s the exact moment when you should make your offer

Negotiating a deal is part art, part science.

The science part you probably already know. In the last few weeks, I’ve reviewed the best time to book an airline ticket or buy a car, a house, and a computer, among other things.

But one big question still looms: At what point during the actual negotiation do you pull the trigger? Do it too early and you could overpay. Do it too late and you might miss your opportunity altogether. Read more “Ready to buy? Here’s the exact moment when you should make your offer”

Spring travel deals: New apps, old-school strategies

When Lee Speight was looking for a deal on a weekend trip from Richmond, Va., to Seattle, he started with Google Flights. The best price for an advance purchase fare was about $775.

Not bad. Could he do better? Read more “Spring travel deals: New apps, old-school strategies”

Beware of fake specials, price anchoring and decoys – here’s how

Shoppers are often desperate to “get the best deal” on everything they buy. And retailers count on it — especially after the season ends, when they need to move inventory that didn’t sell during the season itself.

So they engage in a variety of pricing tricks, such as fake “specials,” “price anchoring,” and “price decoys.”
Read more “Beware of fake specials, price anchoring and decoys – here’s how”

The best things may come in small packages, but don’t call this gnome short

gnomeTravelocity’s Roaming Gnome needs no introduction. This summer, everyone’s favorite lawn ornament is embarking on what he calls the Summer of Possibilities tour to promote the season’s travel bargains. The gnome’s social media friends vote on his next destination, and away he goes. I couldn’t pass up the opportunity to interview the reclusive statue.

Q: I think I get it. It takes a gnome to remind us that there’s no shortage of deals this summer. Get it? Shortage?

Roaming Gnome: Oh, I get it alright. Very funny, Chris, but don’t you know that the best things come in small packages? Let’s see you try and fit snugly into the overhead baggage compartment, shall we? And besides, my pointy red hat adds at least another couple of inches to my height.
Read more “The best things may come in small packages, but don’t call this gnome short”