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Why Offer A Bo Option If You Aren't Willing To Haggle At All

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 Posted 06/12/2014  7:47 pm  Show Profile   Bookmark this reply Add jdmern to your friends list

Quote:
I've never indicated it is a seller's obligation to take my offer. My point is they are wasting my time by offering a BO option - which implies the sale is negotiable - and then not REALLY being willing to haggle at all.


I think you are missing the point. Regardless of each parties perception of the correct market value, the price CLEARLY is negotiable- The seller came down $100 from his initial price. That's $100 less than asking price simply by pressing a button and making an offer. All of 10 seconds for $100 off. I can see your argument if the seller sent back a counter offer at 1 cent or one dollar less. He did take off $100 simply for you asking, That doesn't come across to me as someone who unprofessional or childish. That comes across as someone who is ready to haggle with someone who is attempting to obtain a product for the cheapest price possible. I'm not sure if this point has gotten across yet, but a seller has an obligation to try and obtain the most profit they can for item and savvy buyer has an obligation to try and obtain a product for as cheap as possible. If you, as a buyer, feel slighted because the seller did not want to negotiate in a fashion you approved of, it is entirely your prerogative to walk away from a potential deal, which it seems you did. You are certainly entitled to your opinion that the seller acted in bad faith, but I (and others who have responded) are entitled to the opinion that your criticism of the seller is frivolous.


Quote:
This notion that ebay is retail and thus wholesale has no baring? I 100% disagree! ebay provides sellers the ability to use auctions as well, so those realized prices are germane to discussions of "insult-level" offers etc


Since you pulled this out of context, I would like to reiterate the fact that I was specifically referring to buy it now listings being retail expecting to obtain items for wholesale prices consistently from buy it nows is absurd. ebay sellers who have ebay stores, just in store fees pay close to $200 bucks a month for an anchor store. I realize that this isn't as high as a physical location brick and mortar store, nut that's not free either. Imagine walking in off the street to a random coin store, looking at a $5700 coin, and telling the owner that want to buy the coin for the wholesale value, and then throwing a tantrum when the owner wouldn't sell you his coin at your price.


Quote:
The point is that they didn't enter into the BO dealing with professionalism or realism


Buff, that about sums up what this entire thread has been about, however, I honestly believe that the seller was not the party in this exchange who did not enter into the BO with professionalism or realism.

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 Posted 06/12/2014  10:30 pm  Show Profile   Bookmark this reply Add NathanASE to your friends list
You say he was being childish, idiotic and unprofessional for his counter... Did you ever think that maybe be thought the exact same about your initial offer? That you were wasting HIS time? And that was shown by his counter? You have to understand that your opinions on this matter and "acceptable" ways to haggle and proper percentages are yours and yours alone ... Most here have respectfully disagreed, as well as thought your offer was quite low.

Having a BO option doesn't mean they have to adhere to a specific set of guidelines or percentages.. Heck, even if $100 less than asking was as low as he'd go, that's fine... It's his right to do so and there's nothing wrong with that, technically. Do you have to accept that? Absolutely not. But there's nothing wrong with the seller not wanting to go lower than that and it's hardly a waste of anyone's time. He's still willing to take less than he was asking, and wether you find that acceptable or not is a moot point. I've made offers on plenty of coins where the seller didn't come down to what I was willing to pay... No big deal.. I've also gotten amazing deals I never thought would be accepted. Heck, once, after three offers on a $1000 coin I've had the seller only go down to $975... Which again is fine... We couldn't reach even close to a middle ground and I passed on the coin... But I don't hold any I'll will towards the seller.

Do great deals come around? Absolutely. Are they the norm? Probably not. With a coin worth that much, and a seller knowing he can get a pretty penny for it that offer still seems low to me. And I disagree that there's more wiggle room the higher the value. Coins arnt like cars (as an example) where there's a million dealerships selling exactly the same car so they fight to offer the best price. Coins, and especially more pricy coins are more often than not somewhat unique, or hold unique characteristics leaving less room for wiggle. Try offering 70% on a $200,000 Lamborghini... And see how that works out for you, lol. You really think since it costs so much they'll accept $140,000? Or even $160,000? I think not
Edited by NathanASE
06/12/2014 10:33 pm
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 Posted 06/13/2014  11:55 am  Show Profile   Bookmark this reply Add BuffalosRock to your friends list
It was $65 less, not $100, and that is such a tiny % that it is ridiculous. It would be like coming down $1 on a $100 coin that wholesale is $68 on. Unrealistic and dumb! Just list it for $99 BIN then, IMo it is false advertising to offer a BO option and then not be willing to negotiate in reality.

As for hi end sports cars, they do mark those up A HUGE AMOUNT. 70% as a first offer for a $200K RETAIL sportscar is not lowball/insult either, IMO. A lot of goods are marked up 100% or more on a regular basis. When the market is negotiable/haggle, it is smart to shoot for the wholesale cost versus retail, or as close to the former as possible. On cars or coins! You may well have to be patient to find a seller, but that is the trade-off. Some would rather just pay retail and not haggle at all. Fine. But as a seller you shouldn't claim you deal and then NOT.
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 Posted 06/13/2014  12:17 pm  Show Profile   Bookmark this reply Add jdmern to your friends list

Quote:
But as a seller you shouldn't claim you deal and then NOT.


He DID deal. You just weren't happy with the price.
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 Posted 06/14/2014  4:13 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list
Nothing to learn from here folks.. move along... troll lee oh lee oh lee oh...

Please turn off the record player and it's skipping and saying the same thing over and over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over I LIKE PICKLES over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over over and over and over over and over and over and over (much like buffalo's argument and responses)
Edited by AgCoinAu
06/14/2014 11:03 pm
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 Posted 06/15/2014  12:34 am  Show Profile   Bookmark this reply Add pocket change 50 to your friends list
I agree 100 percent with last post. It's the sellers coin and his business to proceed as they see fit. You can't always get what you want, and at a price your willing to pay. He's going to be paying a large commission on the sale anyway. Maybe he doesn't care if it sells, unless he gets what he feels is an acceptable price.
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 Posted 06/15/2014  9:51 pm  Show Profile   Bookmark this reply Add arianzo to your friends list
There are sellers who are dealers, so they have to sell constantly to do $$$ . On the other hand there are sellers who are collectors and aren't in a hurry to sell.
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 Posted 06/16/2014  02:39 am  Show Profile   Bookmark this reply Add frodo to your friends list
check this scenario out

the price is $100.00
you offer $50.00
he comes back with $99.00
you offer $80.00
he comes back with $98.00
you should offer $81.00 turn to leave
if he stops you fine, if not..good by

its up to what do you want to pay? is it worth the $98.00?
or is it your ego, he did not come down enough?
if its worth the $98.00
suck it up,,,BUT..counter with $97.00
just to let him know you will not buy at HIS price
you want the POWER of the deal
if he comes back with $97.50
laugh, a good hearty laugh...offer $97.25 final offer!

in that scenario,,,you lost the initial battle, but won the war
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147 Posts
 Posted 06/17/2014  1:33 pm  Show Profile   Bookmark this reply Add Universalcoins to your friends list
You know, I think this was the hardest lesson to learn when I started selling coins. The worst thing I did was think of haggling as a battle and felt like I always had to win. I've learned that I'd rather make some money by selling at a discount, rather than make no money because I was too stern with the price and alienated the customers without realizing it. The key is to think of it as simply an organic dialogue between two parties. Sometimes, those two parties will just never see eye to eye. Harboring ill feelings about it -- from either end -- is just pointless and a waste of energy.

I take it back. The hardest lesson I had to learn was that nobody was ever going to pay trend price. Ever. Except that one guy who doesn't try to haggle. I wish he'd come back.
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 Posted 06/17/2014  6:00 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
Well said.
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 Posted 07/10/2014  08:54 am  Show Profile   Bookmark this reply Add enoilgam to your friends list
Reviving an old topic, but with negotiating, my first offer is always lower than what I am willing to pay (I wouldn't offer less than 35% of asking though, depending on the exact value). The rationale being that eventually, they will counter and you will work towards an ideal price. Sometimes it is unworkable and that's just the way it goes - a few days back I was selling myself and some of the offers I received were laughable (i.e. people trying to rip me off). Once it was clear that it was unworkable, I just moved on. I think the key with this sort of thing is to not take it personally and to remember that the aim isn't to win, but to get the item at the best possible price.
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 Posted 07/10/2014  10:35 am  Show Profile   Bookmark this reply Add Bassmaster to your friends list
Yeah, the price does make a difference. Offering $1 on a $3 item is not nearly the slap in the face as offering say $1000 on a $3000 item.
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 Posted 05/05/2015  10:50 am  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list
Going back through some of the older posts & ran across this one. Since this started I've done a LOT more selling on ebay & have more experience with best offer. I've found that the vast majority of people that make an initial offer of 75% or less of the asking price are low ball shoppers & have absolutely zero intention of entering into a serious negotiation. I still counter but I don't hold my breath waiting for them to up their offer. I've always thought the sellers counter was designed to let the buyer know his offer wasn't serious....& my experience with "buyers" that come in below 75% of asking backs that up.
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 Posted 05/05/2015  11:21 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list
When we get a low ball offer ( my definition is a price lower than what I would reasonably pay for the item)I do not take it personally. We just do not respond to it. That way it never escalates into a personal battle. If we get a person making continual low balls we block them. Again keeps it from getting personal.
That said if we get a marginal offer then we will do some negotiation and usually come to a positive result for both sides. A buyer who is serious will recognize a good deal when it comes along.
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 Posted 05/05/2015  11:29 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
Well... as a buyer, I usually go about 80% of the BIN price, assuming the BIN price is the high end of FMV. When I see a $220 BIN price on an item with $200 FMV and I offer 220 - 45 or 185 and get a 215 counter, I figure the seller isn't going to come down to the 195-200 I would pay and don't reply.

I occasionally offer less when the BIN price is out of line with FMV. And I've had a couple offers like that accepted.

I also had a long discussion with a seller about a very over-priced item. He was honest that he had paid to much and just wanted his money back. I told him he was never going to sell it at that price. He replied that given the way ebay structured the fees, he could setup automatic relist and run the auction for MONTHS waiting for somebody to bite. Eventually I found another seller and stopped tracking this one - for all I know it's still for sale at 150% of FMV.
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