Bargaining techniques are strategies used to negotiate terms and reach agreements in various situations, such as buying a car or settling a business deal. Effective techniques include understanding the needs of both parties, establishing a clear goal, and using active listening to build rapport. Another important technique is to start with an initial offer that leaves room for negotiation. This approach encourages dialogue and can lead to a more favorable outcome. Additionally, being patient and willing to walk away can strengthen your position, as it shows you are not desperate to close the deal.