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 Replies: 13 / Views: 2,427 |
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Pillar of the Community
United States
4870 Posts |
I don't really like Best Offer Option. I have free shipping on CD's when I list them. In reality, shipping is included in the cost of the item. For example, I listed a brand new and sealed Bruno Mars CD for $10.99 w/free shipping. But when I get a lowball offer of $8.00 w/free shipping plus eBay/PayPal fees I am taking too big of a loss to accept such offer.
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Pillar of the Community
United States
1911 Posts |
It is nice to get actual activity if you are selling things just to recoup finances and know that you may not get the highest $ amount. For ex. a number of my world crown coins I got for pretty cheap at my LCS so even best offers will at least get my money back from them and makes it more appealing to buyers.
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Pillar of the Community
United States
3474 Posts |
If you're not happy with the offer, decline it or let it expire.
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Rest in Peace
United States
10625 Posts |
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Pillar of the Community
 United States
4870 Posts |
I declined the offers and removed the option to make offers. I don't think my asking price is unreasonable. I'm actually selling it for less than what I paid. I buy all my CD's from Amazon. With most, you get a free mp3 copy of the CD and the CD gets here 2 days later. Since I already got the free mp3's from the purchase I don't need to open the CD I get and I can sell it and recoup some of the money. |
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Valued Member
165 Posts |
So you don't need the CD, what makes you think someone else will want to buy a CD? You are very lucky someone offered you $8. Still can't wrap my head around the fact that you still buy CDs. Ok.
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Pillar of the Community
United States
4870 Posts |
I have close to 500 CD's. I like the physical product...I am old school that way. I just wasn't really digging this one a whole lot. If I sold it for $8, I would have only gotten around $4 after the shipping and eBay/PayPal fees. That's practically giving it away. I might have accepted the offer if I didn't offer free shipping.
Edited by TheForce
06/21/2017 12:12 pm
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CCF Advertiser
United States
1533 Posts |
I rarely offer Best Offer anymore, as it only encouraged people to try and steal it for next to nothing. I only use this when I am just liquidating at almost any price, like I'm doing now with some old Pokemon stuff.
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Valued Member
United States
269 Posts |
I concur on Best offer. I have a set of kennedy halfs 2012 - 2016 P&D from mint rolls. Recent sold prices are 20.99 and up. I am asking 17. Got an offer for 12. Declined.
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Rest in Peace
United States
17900 Posts |
My experience as both a buyer and seller is negative toward BIN.
I only do auctions now for selling and always start at 99 cents with no reserve. I get what it's worth and more than expected occasionally.
Sellers simply don't do their homework much too often. I might see the last 12 sales on a coin I want averaged $200, seller has one for sale with BIN of $220. I offer $200. They say no with no counter. I see the same coin advertised for the next year, always at the $220 BIN. Blah....
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Rest in Peace
10197 Posts |
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Valued Member
United States
231 Posts |
Quote:
There is a way to set Best Offer to the lowest you will accept. If your BIN is $10, set it for $9.99, this will automatically reject the offer, telling your prospective buyer you ain't dealin' Unless you are actually willing to go a reasonable amount below the BIN, it is not a good strategy to have best offer. As a buyer, if there is a best offer option, I will never purchase at the BIN price, I will always expect to be able to get at least 5% off, often 10-20%. I have made a good number of purchases and a few sales using BO, it can be a good strategy. |
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Pillar of the Community
United States
1590 Posts |
I only occasionally use a best offer. And only when I really don't care. I have by accident included a best offer. When I first started to use it, I thought I would get maybe 10 to 20 percent off, offers. I quickly found that almost all the offers were for 50 percent of less of my asking price. I would always counter offer with the bottom offer I would take. Most people would insult you by offering anything from a cent more to a dollar more. Some seem really surprised when you decline their offer.
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Pillar of the Community
United States
4870 Posts |
Glad I held off. Just checked and the item sold for what I listed it for... $10.99 shipped is better than $8 shipped.
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Replies: 13 / Views: 2,427 |
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Posted 06/21/2017 10:29 am
