Sellers: When do you drop your price?


Selling my first piece of gear.  I've had a lot of views but no offers. It's been about 5 days. Great condition, 2 years old, offering about about 1/3rd off. No original box.

Perhaps all gear is particular, so if that's so, we can end this thread right here. But in case there's a general bit of advice, How long do you let an ad marinate before adjusting the price?
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It depends on three things:
Do you care how long it takes to sell?
Finding someone that wants it.
Price.
If you don't care how long it takes to sell then interested party & price are your only hurdles. If it is not a high demand item, might take longer, 5 days is too soon. Two years old, no box and 1/3 off  is not a bad start, however you are not going to get the bargain hunters with that. Personally, I rarely drop my price as I don't care how long it takes to sell. I have had items on Craigslist for up to a year without selling. Things do eventually sell at or near my asking price. If you are in the ballpark pricewise with other sales of your gear, there is nothing wrong with waiting for the price you want.
I recently sold a pair of Klipsch Heresy's on USAUDIOMART. Took about 2 weeks. Local pickup only - $525. When the buyer arrived he offered $500 - which I accepted. I reminded him that all the Heresy's on eBay were going for $700 - $800+ with shipping cost extra. I lost money on this sale but I priced them to move. Anyway I prefer and own vintage Altec and JBL - much better sounding than any Klipsch, old or new!
5 days is nothing. wait, relist.

eBay: any ’watchers’? how many ’views’?

If you give us a link to your listing, perhaps specific advice, i.e. wording, will emerge from members with selling experience.

Equipment: I always consider the lowest price I would accept, then add 10%, list it as buy it now. So I can agree to a request for a discount from a potential buyer.

Buy It Now. I used to bid/spike years ago, now, I, and many others start by filtering their views as 'buy it now' only. You will miss those buyers if yours does not have a buy it now option. 

LP’s: I start with minimum including shipping below $10. and let the market determine value. Same thing when I sell R2R tapes, start below $15. incl. shipping, desirable ones naturally get higher prices.

If, like me, the object is to make space, the money is nice, i.e. I just bought a nice CD player with my last 90 days of LP sales.

As for your item, if you don’t need the money soon, relisting is easy, I have 26 lps currently that have been re-listed many times, nobody wants them. I need to add some new ones. Point is, bingo, one undesirable will suddenly get purchased, just a matter of time.

Also, check what others are selling theirs for, ’watch’ others listed on eBay.

hifishark.com will show you more listings than eBay, both for sale, and prior sales, all good info.

good luck,

btw, In my general notes I specifically offer ’unconditional returns’, gives buyers confidence they will receive a trouble free item.

and, state that you will double box the item.