Why are so many people in the thread treating or thinking about it like an investment? You didn't get in to this to make money. You got in to it because you wanted to play the games. Buy them, play them, have fun. Don't worry about any "investing" because that's the wrong reason to be in the community like this. It's not an investment, in the conventional sense. Nobody is going to retire on their NES collection. It's a hobby, and a collection. Not a mutual fund.
Case in point, I just offered what I thought was a fair price on a game (albeit it, a little lower than my top dollar, as to allow for some wiggle room).
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
Case in point, I just offered what I thought was a fair price on a game (albeit it, a little lower than my top dollar, as to allow for some wiggle room).
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
I really find it amusing when people don't make counteroffers. Let's just forget all about it then! But if the seller is a wander I refuse to bother doing business with them, despite whether or not I miss out on a bargain or an item I otherwise wouldn't get. Screw em, they don't need the money I bust my ass for.
Case in point, I just offered what I thought was a fair price on a game (albeit it, a little lower than my top dollar, as to allow for some wiggle room).
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
I really find it amusing when people don't make counteroffers. Let's just forget all about it then! But if the seller is a wander I refuse to bother doing business with them, despite whether or not I miss out on a bargain or an item I otherwise wouldn't get. Screw em, they don't need the money I bust my ass for.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
My top dollar offer was declined. I decided to send one more offer, a whopping $1.88 under the list price of the game.
I know I shouldn't keep offering, but I'm having a little too much fun with this.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Yeah, I fund my collection by flipping duplicates, and many people will shoot a low offer and when I shoot them another offer they rarely respond. I also have people on ebay message me that they saw Game X at their local store for $5, and want to know if I will sell for that.... No, buy it from your local store if you catch them slipping, dont expect me to match that price. lol. I sell 5-10 games a month, and do it for the cash, not to give the homeboy hookup to some dude in Oklahoma that I dont know from Adam.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Not only is haggling not rocket science, it's not even 3rd grade english homework, yet the concept is so difficult to understand for so many people.
That sucks though. I don't sell on eBay, but that would drive me nuts if I did.
My offer, $1.88 below list price on a common, not valuable game, was declined. Can't offer anymore, obviously. I'm half tempted to offer $1.88 on his other, more expensive items, but I'm going to be an adult about it and walk away.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Not only is haggling not rocket science, it's not even 3rd grade english homework, yet the concept is so difficult to understand for so many people.
That sucks though. I don't sell on eBay, but that would drive me nuts if I did.
My offer, $1.88 below list price on a common, not valuable game, was declined. Can't offer anymore, obviously. I'm half tempted to offer $1.88 on his other, more expensive items, but I'm going to be an adult about it and walk away.
Not saying this is for every seller, but i know personally i have had countless listings auto select BO when i didn't want it. So i ended up getting offers when i didn't want them to begin with.
I know this has nothing to do with auto decline and such, but i do think there is a decent percentage of people who just don't realize BO is auto clicked for them.
I also hate auto decline. AFAIK that never auto clicks for me so that is purposely set there, which i never understand because it auto decline basically every offer, even with 5% of the asking price.
Auto decline makes sense up to a point. If you're selling an NWC cartridge I think auto declines up to $1,000 are reasonable. Anyone offering below that are trolling.
Same with a $100 cart. Why not auto decline anything below $40?
Auto decline makes sense up to a point. If you're selling an NWC cartridge I think auto declines up to $1,000 are reasonable. Anyone offering below that are trolling.
Same with a $100 cart. Why not auto decline anything below $40?
Totally agree. It is the auto declines where something is $100 and you offer $93 and it auto declines lol. If you leave basically no room for haggling why even bother with a BO? For some reason i run into these a lot.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
The few times I've had OBO offers on eBay, I set a reasonable auto-decline just to filter out the riff-raff that want to waste time and clutter up my inbox with lowball offers.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
Auto decline makes sense up to a point. If you're selling an NWC cartridge I think auto declines up to $1,000 are reasonable. Anyone offering below that are trolling.
Same with a $100 cart. Why not auto decline anything below $40?
Totally agree. It is the auto declines where something is $100 and you offer $93 and it auto declines lol. If you leave basically no room for haggling why even bother with a BO? For some reason i run into these a lot.
Well that would just be silly! I can understand your frustration.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
The few times I've had OBO offers on eBay, I set a reasonable auto-decline just to filter out the riff-raff that want to waste time and clutter up my inbox with lowball offers.
It's a feature that serves its purpose well, IMO.
The keyword here is "reasonable."
When used in such a manner, sure, it probably works great.
I'll concede that each person's definition of what's reasonable varies. What I find reasonable, another does not.
I think it's the same feelings that come up in either of these cases (getting incredibly under value offers and not willing to haggle within reason). Maybe the words "offended", 'insulting', etc are too strong since I doubt those feelings last for any significant amount of time, but I don't think you can just dismiss the frustration that can come up during these transactions.
I would think quick OBOs are easily declined or ignored, but I've never used this feature so I'm not sure how annoying that can get if so many bad offers come flooding in.
In my case it's more when you back and fourth with a interested buyer who knows what you're looking for and then offers you less than 1/3 of that value.
Sure the 'value' of an item can differ by the individual but in my opinion it's a waste of time to try to deal outside of like 35% of the asking price.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
100% agree but I only quoted this cause I like the way you used the word "contextual"
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
No such thing as "low balling."
That isn't accurate.
We are talking about prices that are easily supported by many, many willing buyers, and "low balling" being offers that are substantially below that level.
There is ALWAYS somebody willing to buy something for $0.01, but that doesn't mean their meaninglessly low offer has any bearing on the market price because those people don't represent serious participants in the marketplace when the supply is happily consumed by buyers paying the otherwise prevailing rate.
Somebody offering dramatically less than a readily supported market price is "low balling". That is what the term means in common usage.
EDIT: also, "offers" are not "asking price" -- "offers" are the "bid price". The seller states the "asking price".
The highest bid prices and the lowest asking prices meeting in the middle set the current market value.
Major outliers (i.e. absurdly high asking prices or low-ballingly low bids) neither set, nor reflect, the market value.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
No such thing as "low balling."
That isn't accurate.
We are talking about prices that are easily supported by many, many willing buyers, and "low balling" being offers that are substantially below that level.
There is ALWAYS somebody willing to buy something for $0.01, but that doesn't mean their meaninglessly low offer has any bearing on the market price because those people don't represent serious participants in the marketplace when the supply is happily consumed by buyers paying the otherwise prevailing rate.
Somebody offering dramatically less than a readily supported market price is "low balling". That is what the term means in common usage.
EDIT: also, "offers" are not "asking price" -- "offers" are the "bid price". The seller states the "asking price".
The highest bid prices and the lowest asking prices meeting in the middle set the current market value.
Major outliers (i.e. absurdly high asking prices or low-ballingly low bids) neither set, nor reflect, the market value.
They are just noise.
Firstly, a market is bid x offer (ask price). I work in trading.
Secondly, in the scenario described, if a thing traded at a certain price based on certain bids, those buyers are now out of the market, so their bids don't affect later bids, as much as a seller wishes they would (or at least when the bids are high). Bids only have to go against current active bids. And a market works by bids and offers moving towards each other until executed/traded on; not an offer refusing to make a better offer vs. competing bids.
A later bid that is far below the last traded prices is a new market, not a "low ball" which doesn't exist (except in the minds of sellers wanting higher prices).
Comments
Local buy and sell sites like cragigs list and kijiji is what we use in canada
Haha not about the money at all, that would be pretty foolish
Local buy and sell sites like cragigs list and kijiji is what we use in canada
People still use kijiji?
Why are so many people in the thread treating or thinking about it like an investment? You didn't get in to this to make money. You got in to it because you wanted to play the games. Buy them, play them, have fun. Don't worry about any "investing" because that's the wrong reason to be in the community like this. It's not an investment, in the conventional sense. Nobody is going to retire on their NES collection. It's a hobby, and a collection. Not a mutual fund.
Yup, this.
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
Case in point, I just offered what I thought was a fair price on a game (albeit it, a little lower than my top dollar, as to allow for some wiggle room).
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
I really find it amusing when people don't make counteroffers. Let's just forget all about it then! But if the seller is a wander I refuse to bother doing business with them, despite whether or not I miss out on a bargain or an item I otherwise wouldn't get. Screw em, they don't need the money I bust my ass for.
Case in point, I just offered what I thought was a fair price on a game (albeit it, a little lower than my top dollar, as to allow for some wiggle room).
The seller declined my offer, didn't counter offer, and told me (in all caps, exclamation point and all), to "go away."
I'll come back with my top dollar and see what happens.
I really find it amusing when people don't make counteroffers. Let's just forget all about it then! But if the seller is a wander I refuse to bother doing business with them, despite whether or not I miss out on a bargain or an item I otherwise wouldn't get. Screw em, they don't need the money I bust my ass for.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
My top dollar offer was declined. I decided to send one more offer, a whopping $1.88 under the list price of the game.
I know I shouldn't keep offering, but I'm having a little too much fun with this.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Yeah, I fund my collection by flipping duplicates, and many people will shoot a low offer and when I shoot them another offer they rarely respond. I also have people on ebay message me that they saw Game X at their local store for $5, and want to know if I will sell for that.... No, buy it from your local store if you catch them slipping, dont expect me to match that price. lol. I sell 5-10 games a month, and do it for the cash, not to give the homeboy hookup to some dude in Oklahoma that I dont know from Adam.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Not only is haggling not rocket science, it's not even 3rd grade english homework, yet the concept is so difficult to understand for so many people.
That sucks though. I don't sell on eBay, but that would drive me nuts if I did.
My offer, $1.88 below list price on a common, not valuable game, was declined. Can't offer anymore, obviously. I'm half tempted to offer $1.88 on his other, more expensive items, but I'm going to be an adult about it and walk away.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
I don't understand the point of listing an item with a BIN/OBO if you don't want to haggle. It's a waste of everyone's time. List the game at the price you want to get. This isn't rocket science.
THANK YOU. I list VHS tapes on ebay and people will send me an offer then when I counteroffer they are never heard from again. It's even more mind boggling when I make an offer only to be denied then again, they disappear from my radar. I honestly think people don't even realize what haggling is.
Not only is haggling not rocket science, it's not even 3rd grade english homework, yet the concept is so difficult to understand for so many people.
That sucks though. I don't sell on eBay, but that would drive me nuts if I did.
My offer, $1.88 below list price on a common, not valuable game, was declined. Can't offer anymore, obviously. I'm half tempted to offer $1.88 on his other, more expensive items, but I'm going to be an adult about it and walk away.
Not saying this is for every seller, but i know personally i have had countless listings auto select BO when i didn't want it. So i ended up getting offers when i didn't want them to begin with.
I know this has nothing to do with auto decline and such, but i do think there is a decent percentage of people who just don't realize BO is auto clicked for them.
I also hate auto decline. AFAIK that never auto clicks for me so that is purposely set there, which i never understand because it auto decline basically every offer, even with 5% of the asking price.
Same with a $100 cart. Why not auto decline anything below $40?
Auto decline makes sense up to a point. If you're selling an NWC cartridge I think auto declines up to $1,000 are reasonable. Anyone offering below that are trolling.
Same with a $100 cart. Why not auto decline anything below $40?
Totally agree. It is the auto declines where something is $100 and you offer $93 and it auto declines lol. If you leave basically no room for haggling why even bother with a BO? For some reason i run into these a lot.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
The few times I've had OBO offers on eBay, I set a reasonable auto-decline just to filter out the riff-raff that want to waste time and clutter up my inbox with lowball offers.
It's a feature that serves its purpose well, IMO.
There's no such thing as "low balling."
Auto decline makes sense up to a point. If you're selling an NWC cartridge I think auto declines up to $1,000 are reasonable. Anyone offering below that are trolling.
Same with a $100 cart. Why not auto decline anything below $40?
Totally agree. It is the auto declines where something is $100 and you offer $93 and it auto declines lol. If you leave basically no room for haggling why even bother with a BO? For some reason i run into these a lot.
Well that would just be silly! I can understand your frustration.
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
eBay is the worst for the 'obo' option. You either got an instant decline or they come back $5 off a $400 item. Just fuck off.
Auto-decline just defeats the purpose, although I haven't run in to it in a while. It never lets you gauge where the seller is, and just wastes offers.
The few times I've had OBO offers on eBay, I set a reasonable auto-decline just to filter out the riff-raff that want to waste time and clutter up my inbox with lowball offers.
It's a feature that serves its purpose well, IMO.
The keyword here is "reasonable."
When used in such a manner, sure, it probably works great.
I'll concede that each person's definition of what's reasonable varies. What I find reasonable, another does not.
I would think quick OBOs are easily declined or ignored, but I've never used this feature so I'm not sure how annoying that can get if so many bad offers come flooding in.
In my case it's more when you back and fourth with a interested buyer who knows what you're looking for and then offers you less than 1/3 of that value.
Sure the 'value' of an item can differ by the individual but in my opinion it's a waste of time to try to deal outside of like 35% of the asking price.
Originally posted by: arch_8ngel
Originally posted by: Gentlegamer
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
Originally posted by: arch_8ngel
Originally posted by: Gentlegamer
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
100% agree but I only quoted this cause I like the way you used the word "contextual"
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
No such thing as "low balling."
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
No such thing as "low balling."
That isn't accurate.
We are talking about prices that are easily supported by many, many willing buyers, and "low balling" being offers that are substantially below that level.
There is ALWAYS somebody willing to buy something for $0.01, but that doesn't mean their meaninglessly low offer has any bearing on the market price because those people don't represent serious participants in the marketplace when the supply is happily consumed by buyers paying the otherwise prevailing rate.
Somebody offering dramatically less than a readily supported market price is "low balling". That is what the term means in common usage.
EDIT: also, "offers" are not "asking price" -- "offers" are the "bid price". The seller states the "asking price".
The highest bid prices and the lowest asking prices meeting in the middle set the current market value.
Major outliers (i.e. absurdly high asking prices or low-ballingly low bids) neither set, nor reflect, the market value.
They are just noise.
You're wasting your time, arch.
Just didn't want wrong information to seemingly stand unrefuted as "fact"
A market is made of bids and offers. The market price is where a thing trades at a particular point in time and does not determine later bids and offers. That is, each market is unique.
There's no such thing as "low balling."
That simply isn't accurate.
Yeah, low balling is contextual. If an item is getting offers in a range of $40-80 that end up in sales in a month, then offering, say, $5-10 for this same item during that month is low balling. Low balling is a practice, an attempt to deceive actually.
That's called the market trying to come down on the price. By the way, offers are the asking prices in a market.
No such thing as "low balling."
That isn't accurate.
We are talking about prices that are easily supported by many, many willing buyers, and "low balling" being offers that are substantially below that level.
There is ALWAYS somebody willing to buy something for $0.01, but that doesn't mean their meaninglessly low offer has any bearing on the market price because those people don't represent serious participants in the marketplace when the supply is happily consumed by buyers paying the otherwise prevailing rate.
Somebody offering dramatically less than a readily supported market price is "low balling". That is what the term means in common usage.
EDIT: also, "offers" are not "asking price" -- "offers" are the "bid price". The seller states the "asking price".
The highest bid prices and the lowest asking prices meeting in the middle set the current market value.
Major outliers (i.e. absurdly high asking prices or low-ballingly low bids) neither set, nor reflect, the market value.
They are just noise.
Firstly, a market is bid x offer (ask price). I work in trading.
Secondly, in the scenario described, if a thing traded at a certain price based on certain bids, those buyers are now out of the market, so their bids don't affect later bids, as much as a seller wishes they would (or at least when the bids are high). Bids only have to go against current active bids. And a market works by bids and offers moving towards each other until executed/traded on; not an offer refusing to make a better offer vs. competing bids.
A later bid that is far below the last traded prices is a new market, not a "low ball" which doesn't exist (except in the minds of sellers wanting higher prices).