Asking Price, Best Offer, Why? (1 Viewer)

gk5717

gk5717

2nd Lieutenant
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I have often wondered why people post an item for sale, list a particular price, then add or best offer. In my mind by doing that you already commit to lowering your price. You can always lower your price or negotiate if the origional asking price does not sell. I just don't see any advantage listing that way.
Gary
 
I think it’s a psychological tactic. Makes the buyer feel better.
 
but again...
you have shown your hand that the asking price is already negotiable...

it's like...

I know I'm asking too much...
I don't expect to get it...
just make me an offer...
I'm desperate to sell...

as a seller...
I have done it before...
and just get mad when they offer 40-50% of my asking price...
it's insulting...
still I respond politely...
so I don't use it anymore...

when I see a "make an offer" option on something I want...
I usually ask 10% off...
and it's almost always readily accepted...

the one that irks me...
when I'm selling...
that Ebay makes you go up a whopping 30% on a "buy it now" option...
and you look like a crook when you see how high that actually makes the price go up to...
I wish they would lower that margin...
or at least give the seller options on 10%...20%...etc...

as a buyer...
I don't like auctions...
I like "buy it now" prices...
I have no patience...^&grin
 
I think it depends of the item. If the item is very rare and sought-after then some people may either jump on the best offer option or buy it now one if they think a higher price is right for them (I did that a few times) or hold back and take a bet that they could win this one at a lower bidding...That said most of the time in that scenario if the seller is smart there is a reserve price on the best offer...
 
I will use it for items (like books) that I think may be hard to sell. Generally, I do not use it for toy soldiers.

As a buyer, I'm mildly annoyed if a seller -- regardless of the product -- uses best offers but then doesn't accept any offers you may make. For example, a couple of days ago I was interested in a cd that had a BIN for $14.50, with a best offer option. I offered up to $12 but it was rejected. Although I wound up purchasing the Cd at the BIN price, why use rage best offer option if you're not serious about it.
 
that's around 15%...
if he's not willing to accept that on a $14.50 piece...
he shouldn't even ask for best offer...
he was looking for an offer of $14.49...^&grin
 
Here is one more thing that absolutely makes my head want to explode. The description will have "rare" in it. There have been no toy soldiers since I,ve been collecting that are "rare". Some may be more desireable than others but that's about it. The closest I ever knew of a rare item, and I had it. Was a early K&C sherman tank that K&C did a special white camo for a dealer in NY. I believe he did 10. It was to go along with his first BOB Americans. Thanks to Brad, I sold it to a guy in France and made a tidy profit. However that profit turned into my worst nightmare, can you say Figarti E-Boat!
Gary
 
I love when you make an offer. They refuse and then you bid and get it for less then your offer 😀
 
mikemiller1955 said:
that's around 15%...
if he's not willing to accept that on a $14.50 piece...
he shouldn't even ask for best offer...
he was looking for an offer of $14.49...^&grin
Click to expand...

Probably but I needed this cd anyway.
 
jazzeum said:
Probably but I needed this cd anyway.
Click to expand...

you and me might be the only 2 people in the world that still buy CD's...^&grin
everybody laughs at me when I do...
and tells me to get with the times...
"download old man"...
and if you think that's old school...
I still have all my old 33 LP's...
and my gigantic (3 ft. tall) set of 45 year old Bose speakers...
my sister is giving me her old Thoren's turntable...
next time I drive up to Dallas to visit...
 
Agreed, it's a dying delivery format. The trend is to streaming, Apple and Spotify, for example. I have too many cds, probably around 2,000. I know a lot of people who have more.

I still have my highend audio setup that I purchased about 15 years ago. However, I tend to listen more to what's on my portable player. I had an iPod Classic that's giving up the ghost, unfortunately. I just purchased a Sony NW A45 Walkman to replace that I think is fantastic. I was thinking of purchasing an iPod Touch but it's more expensive than the Walkman and has a lot of features I don't need that are already on my iPhone.
 
jazzeum said:
Agreed, it's a dying delivery format. The trend is to streaming, Apple and Spotify, for example. I have too many cds, probably around 2,000. I know a lot of people who have more.

I still have my highend audio setup that I purchased about 15 years ago. However, I tend to listen more to what's on my portable player. I had an iPod Classic that's giving up the ghost, unfortunately. I just purchased a Sony NW A45 Walkman to replace that I think is fantastic. I was thinking of purchasing an iPod Touch but it's more expensive than the Walkman and has a lot of features I don't need that are already on my iPhone.
Click to expand...

Just don't buy any used albums on MP3.
 
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