Selling strategy? Quick profit or hold out for more….

Depends on the market and experience. If I know without a doubt I could get $100-200 more if I wait a few months I’ll wait. Sometimes though, you take what you can get. There’s always more stuff to sell.

Yeah, we would definitely sell for $500 of we had it listed for $700. Couldnt accept that deal quick enough.

A “fast nickel” in my mind is selling an item for $10 within a week, instead of waiting for $100 offer. If you’re always churning, then you’re working very very hard.

$500 for trash?
Pocket that cash.

For me, it depends on how long I’ve had it up and whether I was able to find solid comps. If I just put something up and get a quick offer, I usually will wait, especially if it is something I’ve found multiple higher sales for in the past. If I just pulled a price out of the blue and couldn’t find comps, I think I would take it.

Rare books typically stay rare, but other items value can fluctuate very quickly. I sell a lot of out of print DVDs. The rare ones can sell for as much as $300.00 but all it it takes is one reissue and they instantly become worthless.

Typically, I am willing to go 10%-20% less than the going average if I can get a quick flip.

It appears that the larger booksellers on Amazon UK are now using software to “scrape” eBay listings for price comparison. I listed a book on eBay for £50 that was listed by seven sellers on Amazon at around £350. All seven dropped their prices to around the £47 mark. I relisted the book last Thursday at £4.99. Three of the Amazon listings have now gone, leaving four small sellers. Amazon listing here.

I suppose the three missing books are on ther way to the toilet-roll factory now.

For me it depends on the item. If I have a one of a kind item-I wait. If I have an item that plenty of other sellers offer on Ebay-I’ll take the fast nickel. In general though for me 3 fast nickels > 1 slow dime. As long as I’m getting a reasonable and decent return on my investment I’ll take it.

If it were me, I would offer him $600. The way he said his offer would stand whenever  your ready, to me implies he is very interested. Is this item on Best Offer? I would just tell him$600 is the lowest you want to go and see what he does. I’m not sure if this logic works with a collectible book or not. My way of handling high dollar offers like these is like this: Listed $700 they offer way too little say $500 or even less, I 1st counter with a high reasonable offer I would actually take like $650. Usually at this point you either A. They decline, or you just never hear from them again, but you now at least gain the knowledge that someone else will probably offer $500 again someday. Or B. They usually will counter with something like $550 If this is still too low for me which it often times may be depending on the item and example used, my tactic is to immediately decline this second too low offer they make. I feel this action tells the person, I’m in no hurry to sell this item too low and I’m not afraid of declining an unreasonable offer nor do I have the time. I have found time after time if the person really wants it they almost immediately come back with something much more in line like$ 625 in this example maybe. Lastly if they come back again with anything short of a good offer I just end it by adding a note on the offer that clearly says the is the Lowest I will take on this item $625 send. This almost ends it with either a sale for $625 or the knowledge that this items is roughly worth $550-$600. And one more side note on several occasions now, my items that have played out similar to this example will sometimes sells a week or so later at full price to someone else. I have Best Offer on every item and it honestly makes it more interesting for me and I think it empowers the customer into feeling they got a deal. Meanwhile I mark up my items prices and allow room for this bartering to happen, and frankly would have been just fine with the original $500 in this example, but what fun is that.