What to do with very low offer on an item for sale
I am pretty new to selling on Audiogon and with a component I have received an offer of 25% of the price; I had chosen a price, including shipping, at the low end of what I have seen on HiFi shark.
If someone with more experience than I could help; do I ignore it or come back with a sensible (10% perhaps) discount on my price.
Thanks for advice
I suggest you do a little investigation as to what the typical valuation of your item is on the market. Condition plays a big role pertaining to value. Once you have some credible information, compare the offer to typical valuation. If the offer is ridiculously lower, then ignore it. I am assuming you didn't list the item as "OBO"? I hope you aren't desperate to sell it. !! |
@dill , It's no use. Case in point 👆⬆ |
I guess axpert is not an expert carp. What can one do? |
You have to remember that most hifi equipment is basically worthless and is only worth what a consumer would be willing to pay except if you were to use it to "trade up" with an established vendor that has an impetus to move product and will very frequently offer 50% to start of the original purchase price just to get you motivated. Relying on other people's asking prices for similar product is unrealistic, the actual resale history of a used product is what you need to evaluate to set your price. Sometimes you just need to suck it up and take the best available offer whether its what you're expecting or not and move on. Unless its Luxman, McIntosh or a few other notable brands don't expect a windfall. |
