What kind of offer would you give?
johnny1976
Posts: 440 ✭
Looking at cards on ebay and came across a card needed for a set of mine, however the seller has a BIN at $75 that is way way way over the top, but has a BO. The card doesn't come up very often, but the last one went for $15 last year that I missed. So what would you offer, or is it not worth the time?
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<< <i>Looking at cards on ebay and came across a card needed for a set of mine, however the seller has a BIN at $75 that is way way way over the top, but has a BO. The card doesn't come up very often, but the last one went for $15 last year that I missed. So what would you offer, or is it not worth the time? >>
If you'll tell us what the card is, then someone can check VCP to get the last several sales. That $15 might have beeen a low sale.
That being said, it's hard to predict what a seller would take below BIN, but I've seldom gotten anything where I've offered less than 90%. Most sellers just misuse the BO feature IMO.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
----------------------
Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
WTB: PSA 1 - PSA 3 Centered, High Eye Appeal 1950's Mantle
going to VCP and finding the current average price (or long-term average if it was something
that hasn't come up recently.
Then, it's always my policy to start with my best offer first. If its something that doesn't come up
often I'd probably go about 10% over the number I got from VCP and make the offer, citing VCP
data as how I reached that price. If the offer gets rejected or countered, then pass and wait for
another opportunity (another one always arises eventually)
Did this recently with an 1970 Topps 454 Santo AS in PSA 9. Seller had one listed for many months on Ebay
at $225. I made an unsolicited offer at $165 that was rejected back in August. In October the seller lists
another one in a straight auction. I ended up with the winning bid at just over $142!
It's usually in everyone's best interests for a seller to accept a reasonable offer instead of trying to hold out
for top dollar.
Early on in my career, my mentor (and perhaps one of the smartest business people I know) was working with
me on pricing a big deal for a new customer. I came up with a very aggressive number and he interrupted me
and asked, "Dave, don't you know about the 3 animals on Wall Street and how they make money?"
I replied, "Well I know that bulls make money by buying low and selling high and bears make money by selling high
and buying back low, but what is the third animal?"
He said, "The pig."
So I asked, "How does the pig make money?"
He answered, "The pig NEVER makes money. The pig always gets slaughtered and eaten. You have it priced too
high and you will lose this customer if you present it the way you have it now."
Point taken and a valuable lesson was learned. We repriced the deal and ended up with a long-term, profitable customer.
If you need some VCP help on whatever you are interested in, I'd be happy to look it up for you.
Best of luck.
Dave
<< <i>I ended up with the winning bid at just over $142!
>>
YOU'RE DEAD TO ME NOW.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
----------------------
Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
<< <i>
<< <i>I ended up with the winning bid at just over $142!
>>
YOU'RE DEAD TO ME NOW.
LOL!!!!!
Sorry there Bob. Didn't know I was bidding against you
PS - I think the seller still has the one at BIN for $225 if you really want it (or I have an
extra one in PSA 8 that would be much more reasonable)
Dave
<< <i>Looking at cards on ebay and came across a card needed for a set of mine, however the seller has a BIN at $75 that is way way way over the top, but has a BO. The card doesn't come up very often, but the last one went for $15 last year that I missed. So what would you offer, or is it not worth the time? >>
It depends on the seller.
I submitted a $2 offer on a card with a $10/bin, and the seller accepted it. The card is worth, at most, $2.
On the other hand, I made a $35 offer on a card with a $100 BIN on it, and got quietly BBL'ed. The card typically sold at auction for $30 - 35.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>
<< <i>
<< <i>I ended up with the winning bid at just over $142!
>>
YOU'RE DEAD TO ME NOW.
LOL!!!!!
Sorry there Bob. Didn't know I was bidding against you
PS - I think the seller still has the one at BIN for $225 if you really want it (or I have an
extra one in PSA 8 that would be much more reasonable)
Yeah, the 8 is on the list I need to finish reviewing and send to you.
Working on the following: 1970 Baseball PSA, 1970-1976 Raw, World Series Subsets PSA, 1969 Expansion Teams PSA, Fleer World Series Sets, Texas Rangers Topps Run 1972-1989
----------------------
Successful deals to date: thedudeabides,gameusedhoop,golfcollector,tigerdean,treetop,bkritz, CapeMOGuy,WeekendHacker,jeff8877,backbidder,Salinas,milbroco,bbuckner22,VitoCo1972,ddfamf,gemint,K,fatty macs,waltersobchak,dboneesq
<< <i>Can't give a specific number without knowing what the item is, but if it were me I'd start by
going to VCP and finding the current average price (or long-term average if it was something
that hasn't come up recently.
Then, it's always my policy to start with my best offer first. If its something that doesn't come up
often I'd probably go about 10% over the number I got from VCP and make the offer, citing VCP
data as how I reached that price. If the offer gets rejected or countered, then pass and wait for
another opportunity (another one always arises eventually)
Did this recently with an 1970 Topps 454 Santo AS in PSA 9. Seller had one listed for many months on Ebay
at $225. I made an unsolicited offer at $165 that was rejected back in August. In October the seller lists
another one in a straight auction. I ended up with the winning bid at just over $142!
It's usually in everyone's best interests for a seller to accept a reasonable offer instead of trying to hold out
for top dollar.
Early on in my career, my mentor (and perhaps one of the smartest business people I know) was working with
me on pricing a big deal for a new customer. I came up with a very aggressive number and he interrupted me
and asked, "Dave, don't you know about the 3 animals on Wall Street and how they make money?"
I replied, "Well I know that bulls make money by buying low and selling high and bears make money by selling high
and buying back low, but what is the third animal?"
He said, "The pig."
So I asked, "How does the pig make money?"
He answered, "The pig NEVER makes money. The pig always gets slaughtered and eaten. You have it priced too
high and you will lose this customer if you present it the way you have it now."
Point taken and a valuable lesson was learned. We repriced the deal and ended up with a long-term, profitable customer.
If you need some VCP help on whatever you are interested in, I'd be happy to look it up for you.
Best of luck. >>
Bulls make money, bears make money, pigs get slaughtered.