Home › Forums › Random Thoughts › Best offer strategy
- This topic has 13 replies, 10 voices, and was last updated 9 years, 5 months ago by
Simon.
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12/08/2016 at 6:35 am #7586
I started this experiment about 3 months ago: When someone makes a best offer that I am going to counter I always write a version of this message in the terms” Thanks for you interest in this cool item! I can have it in the mail this afternoon.” Out of 6 best offers that I countered 5 either accepted my offer or at least countered instead of walking away. I think letting them know how quickly I will ship is the key.
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This topic was modified 9 years, 5 months ago by
tam from Tam's Vintage & More.
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This topic was modified 9 years, 5 months ago by
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12/08/2016 at 6:40 am #7588
What was your walk away rate on counter offers before you started adding the shipping info? I’ve only countered a few times on low offers that weren’t too far off of my bottom line point, but I don’t usually leave a message.
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12/08/2016 at 6:45 am #7589
I would say it was 40%-ish.
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12/08/2016 at 8:33 am #7597
i’ve started to send people offers just when they ask a question, since you can send an offer through messages now. i have had a couple people respond by accepting, but i think other people don’t realize what it is yet.
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12/08/2016 at 9:33 am #7605
I have not had much success with counter offers. Perhaps your approach with a quick ship offer is more engaging and is more like opening a conversation, resulting in better results. I will give it a try. Thanks
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12/08/2016 at 11:32 am #7614
What a great idea! Going to try using your message next time!
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12/08/2016 at 1:42 pm #7621
I keep forgetting to do that Ryanne! I heard you talk about that on the podcast and said to myself “gotta do that next time!” and then promptly forgot it :/
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12/08/2016 at 2:11 pm #7624
For the last few months I’ve approached the offer system like a robot. If someone makes a decent offer but I want more, I’ll counter. Some folks make a low end but maybe acceptable offer, and they immediately decline my counter. I never understand these individuals, and I had come to terms that they just were tire kickers.
Yesterday I had one and after a few hours I sent a message stating that I was not aware his initial offer was a firm offer, and that I would have accepted it if I had known. I said I would accept if he was still interested.
He wrote me back, thanked me, and then promptly resubmitted his offer. Twas an interesting experiment that actually worked out.
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12/08/2016 at 9:10 pm #7683
I like that approach RetroWV. I may give that a try. Tho I still wish they would realize that they can easily show you it’s a firm offer by countering your counter with just a penny increase of their offer.
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12/09/2016 at 11:44 am #7715
Exactly, or they can write “firm” in the notes. I think I’ve had one person ever counter back with the same amount. I appreciated they did this…but I still declined it. Lol.
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12/09/2016 at 1:25 pm #7724
That’s a great idea tamtam, I’ll have to try this next time. What I run into frequently is somebody will send me a message with an offer on an item that I don’t have Make An Offer enabled for, I’ll often reply to their message with my own offer but they typically don’t accept it.
Retro, I think your comment about people declining your counter offers is evidence of a theory I have that Americans in general don’t know how to negotiate. They are so programmed by the fixed-price retail environment that people get offended when you offer them a price other than what they think something is worth. I run into it a lot at garage sales where they arbitrarily pick a price on something but get very upset if I offer them something different, even if it’s only a little less than what they are asking.
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12/09/2016 at 2:23 pm #7727
I am 100% perfectly fine with the majority of Americans not knowing how to negotiate. Let’s keep it that way! More of my overpriced items sell Buy it Now than sell with the offer system, even though I take offers on all items. It always baffles me that people don’t make offers.
As for yard sales, if the person isn’t willing to haggle then it’s no sweat off my back. Onto the next yard sale. I let my back do the talking if they completely balk at my offer with no counter as I walk to my car.
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12/11/2016 at 1:32 pm #7813
That is such a friendly and upbeat reply. Love it!
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12/12/2016 at 7:59 pm #7936
I always follow Ryanne’s approach. When people ask a question I almost always send an offer with a couple of dollars or more off the price. The person you’re communicating with is obviously already interested so it makes sense to jump at the chance to persuade them to buy now. (The 48hr expiration on the offer helps with a sense of urgency).
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