If informal market research (ie, HiFiShark) reveals that your item is dramatically overpriced, lower the price to market level.
But assuming your price already is market level--IGNORE THE LOW-BALLER.
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
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- 98 posts total
This gets back to the adage "what is anything worth...what others are willing to pay". One time I had an item for sale on Audiogon and the "buyer" used their "in mail" to send his cell number, saying he had too many questions to send "in mails", we went back and forth and agreed on a price and he made the 90 minute drive to buy the item, but when he arrived in my driveway said that he thought about it and was only willing to offer me $600 less than we discussed. Of course I sent him packing. What I learned from this is that if someone is interested in making an offer, have them do so "officially" using the Audiogon site. In my mind there's no big deal to refuse any offer, just that it's best that it be posted on the site. |
@ejr1953 +1 ""what is anything worth...what others are willing to pay”" |
@devinplombier Agreed! I let him know that. Though I told him he wasted his time, "Einstein" asked if he could see the unit before he left. |
- 98 posts total