Ebay relisting suggestion for overpriced BIN cards

[cgreat14]

Originally Posted by JollyElm

Hey, angrybitterguy14, why don't you do us a favor and post your ebay seller name here, so every single one of us can just avoid ever having to deal with you, okay?

I don't have to because I am not taking shots at anyone here.

[ejharrington]

The model may or not make sense based on whether the seller knows what he's doing. For example, for over two years I was watching a card that was ridiculously overpriced at BIN $1,600. I made a couple of offers for amounts that NO ONE else would ever pay. Both were declined without even a counteroffer. Every month, the card would go unsold and I would watch it. Finally, another of the same exact card went up for auction and I won the auction at about $550, which was hundreds less than what I had previously offered. I continued to watch the card until I noticed it was finally put up for auction, where it fetched far less than what I paid for it. I still scratch my head on what the seller was thinking.

Now I am going through the same process with another card where it is listed for $500 but is worth $100 TOPS if I am willing to overpay for it. I guarantee, it will end the same way as the prior example.

[Rich Falvo]

What good is a BIN that doesn't result in a sale?

[cgreat14]

Originally Posted by Rich Falvo

What good is a BIN that doesn't result in a sale?

But they do all the time.

[Rich Falvo]

Originally Posted by cgreat14

But they do all the time.

Yes. I'm asking why, if it doesn't result in a sale.

[cgreat14]

Originally Posted by Rich Falvo

Yes. I'm asking why, if it doesn't result in a sale.

So you lower the BIN a little like 5%.

[Rich Falvo]

Originally Posted by cgreat14

So you lower the BIN a little like 5%.

The discussion is about people who don’t lower them and keep renewing the item at the same price.

[cgreat14]

Originally Posted by Rich Falvo

The discussion is about people who don’t lower them and keep renewing the item at the same price.

5% over a 3 - 5 year is not really lowering your price.

[CobbSpikedMe]

Originally Posted by Rich Falvo

The discussion is about people who don’t lower them and keep renewing the item at the same price.

Originally Posted by cgreat14

So you lower the BIN a little like 5%.

Yes, and what you "Totally disagree" with earlier was the OPs original suggestion to lower the BIN if it doesn't sell. Now you're suggesting the same thing.

[x2drich2000]

To me there are 2 ways to make money, either you have a small margin with high turnover or high margin with low turnover. Neither is wrong as long as the seller is happy with the results. Some people don't have the financial backing necessary to wait wait wait, sometime years at a time, to get the prices they want. Others do, good for them. 707's model works because he has the financial backing to wait as long as necessary to get the price he wants for the card. He knows it will eventually sell. He also has the inventory/connections that people know if they want a card at a specific grade he either has it or can get it. With 707 there's little need to shop elsewhere. He has convenience. He's not worried about how quickly he can turn his inventory over. The quicker he turns his inventory over just means he needs to find inventory more quickly to replace it.

Personally, how I sell an item depends on what it is. If it is a low grade T206 or mid grade 1960's HOFer, you better believe I'm selling that as quickly as possible and taking whatever profit I can get. But if it's something unique or unusually high graded, you better believe that BIN is high and its sitting there. If it sells, great, if it doesn't, I'll just wait to get the price I want. I currently have 1 item which is a high grade for the issue and only a few graded higher. I know what I paid for it and have it priced quite a bit higher. I have one buyer who has made multiple offers, and always quotes what I paid, but its just not worth it for me to make a small return on it. I'm sure it will eventually sell for my asking price and if it doesn't, it's a nice card for my own collection. Quite frankly, if you don't like my price you should have outbid me on it or you should look to get it from somewhere else.

[Sean]

Originally Posted by cgreat14

I don't have to because I am not taking shots at anyone here.

But you have expressed an opinion of Levi, and by the rules your name (not your ebay handle) should be in your post.