Ebay relisting suggestion for overpriced BIN cards

[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.

[Rich Klein]

Please note: I do NOT sell on Ebay but only sell at shows,

Hate to say this: but it's the seller's cards and they can offer it at whatever price they wish to offer the card for sale Isn't that truly the free market system at work. Not everyone, wants to, or needs to, sell cards at your price.

I agree with the poster who mentions about not selling the card bought for and then offered a small percent profit. If the person quotes the price the card sold for, if that is what you are willing to pay, then that person could have bought it earlier at the higher price. I saw a note in the Shriner's thread about an item purchased for 1K which the seller is now asking 5K for. Now, if the person who wants to buy the item HAD the money at the time, why not buy the bullet at that point.

"If I could change one thing of many things about ebay, I would make it a rule that if a seller relists a BIN card that it most be 10% lower in price and after a few re-listings the cards would finally sell and stop clogging up my searches!!"

Maybe true for many vintage cards but not always true on new cards -- if you posted Mookie Betts at a high price about 3 months ago, the market has accelerated from there and you'd be selling way too cheap in many cases to do that. That's a totally impractical idea for new card sellers.

I would point out that at many small and mid-level shows (such as mine for a not-so-subtle plug) the dealers are happy to sell reasonable. If you are lucky enough to have show (s) in your area then get to those shows and meet fellow collectors in public

Regards
Rich