Quote:
Originally Posted by Kutcher55
Facebook has these "DonD" (Deal or no Deal) groups where the specific charter of the group is that people can post things without a price and solicit offers. It is well defined there, so if you don't like it then tough noogies. The DonD format is favorable for the seller of course because they have the potential to get offers higher than what they would be willing to accept for the card, and if the offer doesn't meet their # they can simply "no deal" and keep the card.
I would prefer net54 disallow such a format, but it is not my site. Ultimately, like many, I just avoid such listings, as I avoid dealers who don't post prices at shows. It's a good way of avoiding unnecessary encounters with the lame-asses of the world.
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I personally dislike the Deal or No Deal format, but I've sold more that way recently to drive engagement on my posts. I won't pretend to know how Facebook's algorithm works, but it appears that having people active in the comment section generates more traffic, resulting in more eyeballs and more sales.
I haven't had a situation where I received a higher offer than I was willing to accept, nor am I even realistically hoping for it. In my experience, someone always starts extremely low, usually with a comment like "Just to get you started." Then other people see that bid and go up from there in increments, like with most auctions. Most of the people bidding are high-volume resellers looking for new inventory to flip for a quick profit.
The risk of someone coming in too hard and too high is quite low. For me, the sole motivation is to avoid having my posts buried too quickly by the popular resellers who post in every vintage group at least once a day.