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5 Money Saving Tips For The Nigerian Shopper by Abujafood: 5:34pm On Apr 07, 2013
[img]http://pages.shanti.virginia.edu/Pancakes4Parkinsons/files/2012/05/piggy-bank.jpg[/img]

(Adapted Using Abuja as background case)

Many Nigerian shoppers are unified by one simple trait. They often love the finer things in life, yet paying for these items may be quite a big problem. This is because the price of goods and services in the Federal Capital are higher than in any other city in Nigeria. Traders also often times exploit buyers who may be naive about the average price of goods. Yes, shoppers in Abuja usually get served the short end of the stick. So below we would like to share a few helpful money saving tips to guide you on your Abuja shopping adventures.

Watch Your Spending Limit

Although this may be painful, set a maximum ceiling to your spending. This will minimize the risk of buying what you don’t need or paying more than you should. A mindset motivated by a limited spending budget always looks for the best available shopping item at the best price. Next time you are in Wuse Market or Silverbird Entertainment Center try thinking within this mindset. Depriving yourself of what you like in place of what you need is very difficult but it would help save you some extra Naira.

Pick a Suitable Market Place

Not all Abuja Markets or malls offer the same kind of convenience or value that various shoppers are seeking. While some shoppers may want value in terms of low prices others may want exclusivity but we’re assuming you want to save as much money as you can on your shopping experience. Therefore we recommend shops that aren’t located in expensive or exclusive parts of the city as they tend to stock more expensive items. Easy isn't it!

Avoid Touts or Middlemen

In some popular Abuja Open Markets especially those that deal in the sale of electronics or automobile spare parts it is not uncommon to run into touts who aggressively shove the latest Iphone or other trending gadget in your face. Don’t sucked in by the lure of an instant bargain. Never ever buy from these types of sellers because most of them unreliable as well as possibly dangerous. They just hang around pretending to have whatever it is you’re looking for while they ask you to wait so they can get it for you. What they’re doing is they move into another shop, pick up the very item you want then bring it to you at a higher price than you ought to pay. By the way there’s no warranty for such products.

Haggle till you get the right price

One trick we use when in the process of buying a product without a fixed price is to continue haggling until the seller becomes angry or refuses to sell. Try walking away, if the seller doesn’t call you back then you know you’ve found the real price of the item.

Compare Prices

Another tip for finding great prices is to visit as many shops as possible comparing prices to know which shop or store has a reasonable price. This method is quite time consuming but if the item itself is expensive and reasonable savings can be made, then an extra 30 minutes spent pounding the pavement is worth the exercise. If an expensive drink costs, for example N5,000 in one shop, another shop might be selling the same drink for N4,000 what determines price oftentimes could be cost of rent, sellers margin and age of stock.

Good luck!

http://www.abujafood.com/news-digest/bite/1172-5-money-saving-tips-for-the-abuja-shopper.html
Re: 5 Money Saving Tips For The Nigerian Shopper by obyikye(f): 8:58pm On Apr 07, 2013
Nice article, I learnt one or two things.

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