I’m pretty sure most of us have been in the same situation of accepting a low offer and how low is too low. Should I take this offer if I feel it is low or will this be the only offer I get? For a higher value item, if you can wait for the right buyer, they will find you. Or try other platforms. Take control of your ventures. Our markets are opening up far and wide and with more people searching online than ever before, I do feel the right buyer is out there. I’ve had a few regrets thinking back but most of the time, if I trust my research and instinct, it is ok to hold off for the right buyer. There will always be things to consider:
· How saturated is the market with the same type or item brand
· Is your item in a condition that is worth waiting for the right buyer
· Is the price offered just a few dollars off what you feel is acceptable or is this just a low-ball offer you can confidently decline
· Is this a season that can command a better price or is this an off season where you may not get an offer until the same time next year
I don’t have all the answers, but then again, who does? One thing I can assure you of though, put in your research time and you will feel more confident in your pricing strategies. Check the market and if you really feel you have something, hold out a bit longer.
I’ve come across a few buyers that let me know I bought the item at a fraction of what I am selling and try to shame me into accepting a low offer. It shouldn’t matter how low you might have purchased the item for initially. Have confidence in yourself and know, you are in a business of supply and demand. What matters is are you comfortable with accepting this offer.
You should however periodically check the market. Something you may have found higher comps on a few months ago might now have more sellers offering the same or similar to what you have so don’t just list it and forget it. Research is and always will be key. Put in your time, keep your eye on the market and competition and you’ll be able to make better, more informed decisions. Good luck and great sales!