Pricing?

[Ilcharlieli]

I’ve searched the forums a couple different ways with negative results. For guys who use the classifieds section of this forum, how do you determine price? I know different items command different prices, but how do you come up with a number both parties feel good with?

 

[bcschief]

Pick a price and OBO

 

[kd3pc]

a percentage of new, some are realistic - some are wishful thinking.

Dave's corollary #3-#6

As a seller I need not worry about how the buyer feels...I am here to make money.
As a buyer I need not worry about how the seller feels.. I am here to get the best value I can at the best price I can.

One can not be both buyer and seller. First one to mention price, loses. The best offer is the one in front of you at the moment.

 

[mr.lemons]

I would see how much your item is selling for on eBay and match that. Completed/sold listings will give you the best idea of what people are happy to pay.

 

[Ilcharlieli]

Thanks for the quick responses. Appreciate the help. Do you guys find that Craigslist or FB market place is a better venue?

 

[mc4life27]

I’ve searched the forums a couple different ways with negative results. For guys who use the classifieds section of this forum, how do you determine price? I know different items command different prices, but how do you come up with a number both parties feel good with?

Check to see what the item or items is selling for on other sites and or in your local market place. Then figure out what a price you feel comfortable paying and what you feel is a fair price then this is the most important step and I’m sure the younger ones don’t know about it, buts it’s called starting a conversation with the seller and talk to them about the item and try and see where they stand in it. Then throw out the offer and if they say no figure out what they feel is a good deal and then just just figure out a price both parties are comfortable with. This is sad but the young ones are loosing the art of working out the deal on goods in general. I get it all the time on cl when the first question someone as about an item I’m selling is what’s the lowest price you will take. I always just start going up in what my posted price was. I like it because I’m able to work out a better deal for my self in most cases because people are not used to making deals and it throws some people for a loop. It’s sad how some people can not think k outside the box any more.


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[FigureItOut]

If you're selling, make sure you at least get out of it what you got into it. But if it's Snapon, Craftsman, Wilton or "vintage", you can do a bit better than that. Don't be concerned if the item is broken or doesn't work, it's an easy fix, you just don't have the time. Remember to post very few and very blurry pictures, and don't give any brands or model numbers. Mystery builds value in the buyer's mind. You know what you have.

If you're buying, the ending price of 20% of the original asking price, will feel most comfortable for both parties. This is especially true if you haven't seen the item. The seller will feel reassured that you know what you want and what you're willing to pay, especially if you ask multiple questions to confirm what was stated in the ad.

Whether buying or selling, always make sure not to confuse the other party by conveying more than one piece of information in any correspondence. So for example, if you're asked where you can meet and when you're available, you should only respond with the word "Friday".

There are plenty more nuances to ensuring that both parties walk away happy, but these are the basics.

Sent from my SM-G975U1 using Tapatalk

 

[measuredtwice]

If you're selling, make sure you at least get out of it what you got into it. But if it's Snapon, Craftsman, Wilton or "vintage", you can do a bit better than that. Don't be concerned if the item is broken or doesn't work, it's an easy fix, you just don't have the time. Remember to post very few and very blurry pictures, and don't give any brands or model numbers. Mystery builds value in the buyer's mind. You know what you have.

If you're buying, the ending price of 20% of the original asking price, will feel most comfortable for both parties. This is especially true if you haven't seen the item. The seller will feel reassured that you know what you want and what you're willing to pay, especially if you ask multiple questions to confirm what was stated in the ad.

Whether buying or selling, always make sure not to confuse the other party by conveying more than one piece of information in any correspondence. So for example, if you're asked where you can meet and when you're available, you should only respond with the word "Friday".

There are plenty more nuances to ensuring that both parties walk away happy, but these are the basics.

Sent from my SM-G975U1 using Tapatalk

 

[lafester]

Don't forget to wait at least 3-24 hours between messages.

I have never had trouble gauging price by watching similar items sell on cl or eBay.

 

[Noworries]

For me.. I sell stuff for what I would pay for it... not particularly interested in selling for top dollar.. example I offered a guy a 390.00 chuck for 75.00.. he that it was to much.. sold a dozen snapon wrenches for 20.00.

 

[bczygan]

Price everything at a dollar with free shipping and PM it to me before you put it in the classifieds!

Bill

 

[Leaflessshadetree]

Why are you selling?
Clearing out someone elses junk = give it away
Clearing up space for yourself = price things cheap
getting some quick cash = mid price and accept offers
flipping for profit = High price and stay firm

On the flip side is the why is someone buying?
Passion = Stupid high prices
Immediate need = high price
Future need = mid-price
Hoarding = buy it cheap
Plan to flip = steal it

 

[Ilcharlieli]

Why are you selling?
Clearing out someone elses junk = give it away
Clearing up space for yourself = price things cheap
getting some quick cash = mid price and accept offers
flipping for profit = High price and stay firm

On the flip side is the why is someone buying?
Passion = Stupid high prices
Immediate need = high price
Future need = mid-price
Hoarding = buy it cheap
Plan to flip = steal it

It’s a mixture of clean out, have triples of items or things I bought for 1 job and will never use again. Some stuff I know can make money on; other stuff I’m willing to take a loss on just to clean out.

 

[bpjr]

What are you willing to sell it for? If you don't know do some research online and price it accordingly. One of the golden rules in classified advertising is to post a price. A high price is better than no price.

 

[Davefr]

I would see how much your item is selling for on eBay and match that. Completed/sold listings will give you the best idea of what people are happy to pay.

If one thinks they can get Ebay prices in the GJ classifieds, then I think they are living in "Fantasy Land". In my experience most GJ shoppers expect "you ****" garage sale prices.

As a minimum, I'd price at about 10% below Ebay's sold prices and probably much more depending on the item. The one exception seems to be SO. SO sells well here.

 

[seber]

I generally figure 50% of retail if in new condition. Derate from there.

 

[Avenging Bankroll]

nothing

 

[honcho]

A fair price is where the Seller feels they didn't get enough and the Buyer feels they paid too much.