"What's Your Best Price?"


Maybe it's just coincidence, but I have experienced an increasing number of buyers lately whose only question is "what's your best price?" in response to an "OBO" listing. Should such moronic inquiries simply be ignored -- or is there an appropriate/productive response?
jeffreybowman2k
Just to change the subject for a moment, how many sellers feel that they have to inflate their asking price because nobody seems to want to pay the asking price?
I'll go first, I'm one of them. I experimented with lowering my asking price, and while it did generate a lot more interest, everyone still wanted more money off. It didn't seem to matter how low I would post an ad, everyone wants a better deal. So I think most folks inflate their asking price so that they have some wriggle room. It seems like a silly game to me, but that's how the game is played.

An example, I can get $2K for X amplifier. I can advertise it at $2300 and sell it for $2K. If I advertise it for $2K, I get a lot more e-mails, but everyone wants it for $1700-1800. That's been my experience anyway.

Anyway, I now return you to your regularly scheduled program "What's Your Best Price?".
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Interesting points by Jmcgrogan and Tvad, I recently found that posting prices at or below current market value has resulted in buyers not purchasing because I didn't bargain.
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Jmcrogan2, I used to work for someone who said if something is not selling, raise the price. It often works to instill a greater perceived value in the item, as well as giving the hagglers a chance to do their thing.