How to haggle when there is no set price

When you shop at your supermarket, you pay the price on the tag—easy.

- Ruffin Prevost

But in places including Vietnam, Turkey, Egypt, Peru, China and West Africa, prices are not always set in advance. You may find yourself haggling over the cost of souvenirs, produce, taxi rides and more.

It is normal to feel awkward, maybe a bit anxious. Are you overpaying? Are you driving too hard of a bargain? Is this even something a conscientious traveler should do?

Here are five tips for negotiating a price that leaves everyone feeling good.

1. BE BOLD, BUT RESPECTFUL

Before you go shopping, ask hotel staff or a local guide whether haggling is normal in your destination and about fair prices for key items on your wish list. Or just watch local buyers, then mirror their bargaining approach and how much they pay.

Haggling is most common in outdoor markets, bazaars and tourist districts, said Mr Ozcan Kaya, 27, who has sold carpets for a decade in his family's shop in Istanbul.

Then, once you hit the market, do not be shy. Merchants will expect you to negotiate and it is not impolite to do so, especially if you learn a few bargaining phrases in the local language.

Remember that in a fair deal, both sides win. The seller should make some money, and you should not wind up feeling fleeced.