runscott said:
In keeping with the quality of your input in this thread here is my tip of the day:
http://www.break.com/index/horsefart23.html
Don't look a gift horse in the ass.
Ending Auctions Early
- Thread starter runscott
- Start date
In keeping with the quality of your input in this thread here is my tip of the day:
http://www.break.com/index/horsefart23.html
Don't look a gift horse in the ass.
ribdoner said:In my post I asked if a reserve auction protected a sellers interest. We havn't disagreed on anything. I'll ask the question again.... would a reserve auction address your concerns;1-yes, 2-no, 3-not sure.
4 - It depends.
A seller's basic interest is to sell his item for the highest price possible.
There are two reasons I don't like reserve auctions. 1 - It costs quite a bit up front if your reserve is high. 2 - I think it discourages bidding. Of course some will disagree.
Therefore, since a reserve auction costs additional money on the front end and may also discourage a higher sell price (or not sell at all) on the back end it is not clear cut that it protects a seller's interests.
Commons Sense does have Common Ground !?
There ya go,
I tend to agree with you....my experience is that reserve auctions seem to limit the bidding; however, perhaps our reserve price (expectations) is higher than most folks feel is a reasonable f$$$ing price
By the way....the video was some funny s??tuff! View attachment 14107
I feel like someone here earlier stated that by starting the bidding at your lowest acceptable price may be (possibly) the best way to see if you are in the realm of reality for what the market is willing to pay!?
That is the tack I feel is the most logical for me at this point in time
There ya go,
I tend to agree with you....my experience is that reserve auctions seem to limit the bidding; however, perhaps our reserve price (expectations) is higher than most folks feel is a reasonable f$$$ing price
By the way....the video was some funny s??tuff! View attachment 14107
I feel like someone here earlier stated that by starting the bidding at your lowest acceptable price may be (possibly) the best way to see if you are in the realm of reality for what the market is willing to pay!?
That is the tack I feel is the most logical for me at this point in time
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Tks 4 your reply. It took a LONG time for me to realize that selling for the highest price possible was not in my best interest. I,like many others, tried hitting a home run every at bat. When I did I didn't have many repeat customers because, more often than not, they would be butt hurt when they tried to flip. Now, in an effort to protect them I'm content hitting singles. I have MANY repeat customers and have been fortunate to develop a good relashonship with a few. At the end of the day I was much happier and less stressed by doing 5x$100 deals with people I know than doing a $500 deal with someone I don't know. As you know doing deals with people you don't know can get strangeUGOTDA7 said:
Not saying I'm right but it works for me
BTW--I sold over 200k in 92/93 combined
ribdoner said:Tks 4 your reply. It took a LONG time for me to realize that selling for the highest price possible was not in my best interest. I,like many others, tried hitting a home run every at bat. When I did I didn't have many repeat customers because, more often than not, they would be butt hurt when they tried to flip. Now, in an effort to protect them I'm content hitting singles. I have MANY repeat customers and have been fortunate to develop a good relashonship with a few. At the end of the day I was much happier and less stressed by doing 5x$100 deals with people I know than doing a $500 deal with someone I don't know. As you know doing deals with people you don't know can get strange
There are two basic philosophies in selling something - less transactions for a lot of profit or a lot of transactions for a little profit.
In most cases a lot of transactions for a little profit is the way to go for a lot of reasons. However, in some cases one can demand a high price and get it - Southwests, Searings, Herceks, Tascarellas for example.
For another example, I was doing some preliminary shopping on a 2006 Corvette Z06 the other day, found out they were asking $20,000 over sticker, thought this was unreasonable even though this is market value, so I will be taking my business elsewhere. Everybody is free to do the same in any potential transaction. Unfortunately some people seem to think they are owed something as if they're special and then get upset when they don't get what they want because they didn't want to pay a fair price.
I also have many repeat customers and as I said earlier have yet to receive a complaint. They definitely are much easier to deal with. As a matter of fact I just did some deals with repeat customers in the last week.
What I find funny in all of this is when people go from being a buyer to a seller, they usually change their tune pretty quick.
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My buy and sell philosophy is consistant. It is value orientated whether buying or selling. This is necessated by my two pronged goal of making a little$ and selling to my costumers at a price point so, if they want to flip, they can do so without getting RIPPED. That's not to say I'm content on making a hun on every deal. On high end items I like to net 10% on items I feel will appreciate while in my costumers position.