I auto decline offers that are 50% less then asking price/market value. You would be surprised how ridiculously low offers some people will make. Those people are 99.9% not going to give you market price and are in their own fantasy land. They will counter another 5.00 maybe, really not worth my time. If the item has not sold under x amount in 12 months why would I sell it to you for 50% off what it goes for.
It's some good advice. Definitely time listed and cost of goods sold are large factors with offers. There comes a point where if doesn't sell, you could be using that money on items that do. Counter offers can be tricky, some people simply want to win and that is all lol. We all seen people bid up a auction and never pay for it for instance. Nice video.
@@rahmatullahpatel1670 it was too keep items longer than you should based on a preferred margin. Sometimes the opportunity cost is higher not selling and stopping the cash flow that would come from other items rather keeping that item longer.
Perhaps some eBay shoppers have a golden rule of never offering more than 50% of the asking price. Especially if they are resellers, they might look at an eBay store with hundreds of items as sort of a garage sale.
Your Definitely a Refined genius Your the only youtuber That made any sense explaining what no one else could.... you blew it out the park..... Actually made sense explaining the Great Ebay rules I almost gave up had a love hate relationships with Ebay Rules.. So... Thank you Sir .. for Being Straight Forward Explaining The auctions rules .dat was a killer for me couldn't get it ...your Straight forward n precise Your my Hero. Genius ..Grateful ! Heres to a million subscribers 🙏
That's very nice of you to say. A million subscribers would be awesome. I'm a long way from that number. Maybe you could help by telling a friend and sharing. Thanks.
I totally agree that buyers want to “win” however, I find that most buyers making lowball offers do not want to pay a realistic price for my item and I decline their offer. If they are truly interested in the item they will offer again at a higher price. If that happens, I will counter at a price slightly above my lowest and best offer or send our lowest and best offer with a note stating that. This is my most successful tactic.
That's a good strategy. I think some buyers who do the low ball offer think like this, if I never ask, I'll never get an answer, so they lowball as an ask, hoping to negotiate.
I always list my items above a realistic price to drive a perceived value on the item up. It helps if your items are rare on ebay. The buyers always have in mind what they can re-list the item for and you can in turn give them idea's
I price my items very competitively and normally did not have the Allow Offers on. I've recently started allowing offers and the number of low ball offers is staggering. I respond with this: "Thank you for your offer on the xxxxxxx. Due to fees and costs, I can't accept your price. How about 15% off? " It is working about 1/3 of the time so far.
I get lowball offers I counter with 1 dollar off This is for very lowball offer basically they want it for free Then if they counter I go up 10 cents and keep doing that til they burn out their offers People see China crap for cheap but don't realize shipping is expensive
@@therefinedreseller275 I build in my shipping on my bin price! I learned years ago free shipping gets more hits, even if the price is higher than your competition.
Lol, that's hilarious. I used to do stuff like that, but now I use minimum offer amounts because I don't feel like dealing with them. Better to only have those who are serious.
As I’m watching this I just got an offer for $11 for a $45 dollar Anthropologie Corduroy cropped jacket. I got the jacket from the Bins last week and it’s practically new. I declined the offer and sent a counter offer for $20. I will wear the jacket before I except $11 for the jacket
Thanks for watching and commenting. I think we'll just have to disagree on this. I always have best offer turned on. That's mostly because I pay very little for what I buy.
Me and my wife do listings a little bit differently. She normally always puts a refuse offer for a real low amount. I always leave it open. I kind of enjoy seeing what people will try to get things for. Kind of helps me judge the market better. Thanks for the great info.
PLUS when someone sends you any offer you can then see what they’re saying about other sellers. & what a person says about someone else says more about them than it does the person their bad mouthing.
What to you do when people charge $60 for a item worth $60.... Then you throw in shipping $25... And tax $7... So now the item is over priced because of the shipping and tax. Is is rude too negotiate thus.. By the way I've bought and sold millions.. But not online.. I had my buddy buy stuff for me and I pay them back.
Better example (in my opinion) of why you shouldn't have 'Auto Decline Offers Lower Than' is when you set it at $50, but someone makes an offer of $49 ... or $49.99. That cuts you out, but you are completely unaware ... an it could have been within a penny of what you would have actually accepted. *I know that is worded poorly, and that you basically said the same thing. Just want to bump up your comment section.
I have increased my average sale on ebay from $30 to $100 in 2 years time. I always take offers with no auto decline. If i'm low balled I just drop my price $5-10 on a counter. I don't care how low the offer is, it always feels like a feeler offer. Many times the buyer will counter much higher. The low offer is interest, and should never ever be ignored. Be polite, don't project a fire sale. I always throw up some small talk to see if the buyer is really paying attention or not.
Amazon goodwill walmart best buy mom and pop stores none has best offer. You want something buy it. No money sit your ass somewhere. No one got time for that mess declining offer ot make counter offer all day. No one can run a real business based off best offer. You will lose money like a magnet.
I bet you yourself low ball people all the time. Thats how you get your stuff so cheap and resell it most likely at a much higher price. More than you know you should, so when you get lowball offers you're still coming out on top.
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How do I respond to low ball offers? Simple......
I don't.
I auto decline offers that are 50% less then asking price/market value. You would be surprised how ridiculously low offers some people will make. Those people are 99.9% not going to give you market price and are in their own fantasy land. They will counter another 5.00 maybe, really not worth my time. If the item has not sold under x amount in 12 months why would I sell it to you for 50% off what it goes for.
He makes some valid points. Thanks for watching.
I sure did! Thank you of wise one and I did make some dumb mistakes 🙁 I now know better
Awesome! Thanks for watching.
I learned a lot from this video! Thank you!
You're welcome.
Great advice. I had seen an offer original was 59.99 and was offered $10.00. They were extremely nice about it. Extremely low ball.
Thanks for watching. Yep that's a pretty low ball offer. Just don't take it personally.
@The Refined Reseller yes, I understand it's all part of the game.
@@Mrsdevsgirl It sure is!
It's some good advice. Definitely time listed and cost of goods sold are large factors with offers. There comes a point where if doesn't sell, you could be using that money on items that do. Counter offers can be tricky, some people simply want to win and that is all lol. We all seen people bid up a auction and never pay for it for instance. Nice video.
Thanks for watching and thanks for the compliment.
I dont understand the part where you said "if it doesnt sell" until "that do"
@@rahmatullahpatel1670 it was too keep items longer than you should based on a preferred margin. Sometimes the opportunity cost is higher not selling and stopping the cash flow that would come from other items rather keeping that item longer.
@@michiganebayflipper9497 I do not understand please could you explain at a simple level
@@rahmatullahpatel1670 basically time value of money simplest terms.
Perhaps some eBay shoppers have a golden rule of never offering more than 50% of the asking price. Especially if they are resellers, they might look at an eBay store with hundreds of items as sort of a garage sale.
This will really help me! Thank you! I love your easy way of explaining things and how you give examples and direct answers.
You're very welcome!
Your Definitely a Refined genius Your the only youtuber That made any sense explaining what no one else could.... you blew it out the park..... Actually made sense explaining the Great Ebay rules I almost gave up had a love hate relationships with Ebay Rules..
So...
Thank you Sir .. for Being Straight Forward Explaining The auctions rules .dat was a killer for me couldn't get it ...your
Straight forward n precise Your my Hero. Genius ..Grateful ! Heres to a million subscribers 🙏
That's very nice of you to say. A million subscribers would be awesome. I'm a long way from that number. Maybe you could help by telling a friend and sharing. Thanks.
I totally agree that buyers want to “win” however, I find that most buyers making lowball offers do not want to pay a realistic price for my item and I decline their offer. If they are truly interested in the item they will offer again at a higher price. If that happens, I will counter at a price slightly above my lowest and best offer or send our lowest and best offer with a note stating that. This is my most successful tactic.
That's a good strategy. I think some buyers who do the low ball offer think like this, if I never ask, I'll never get an answer, so they lowball as an ask, hoping to negotiate.
I always list my items above a realistic price to drive a perceived value on the item up. It helps if your items are rare on ebay. The buyers always have in mind what they can re-list the item for and you can in turn give them idea's
I price my items very competitively and normally did not have the Allow Offers on. I've recently started allowing offers and the number of low ball offers is staggering. I respond with this: "Thank you for your offer on the xxxxxxx. Due to fees and costs, I can't accept your price. How about 15% off? " It is working about 1/3 of the time so far.
Low ball offers are a great way at getting yourself blocked!
Blocked by who? The seller? If that happened to me I wouldn't care.
Lmbo
Woke up to 4 low ball offers lol
People are trying to get deals that’s for sure
Oh, yeah! Thanks for watching.
I get lowball offers I counter with 1 dollar off
This is for very lowball offer basically they want it for free
Then if they counter I go up 10 cents and keep doing that til they burn out their offers
People see China crap for cheap but don't realize shipping is expensive
Thanks for watching and taking the time to comment. I don't do free shipping.
@@therefinedreseller275 I build in my shipping on my bin price! I learned years ago free shipping gets more hits, even if the price is higher than your competition.
Lol, that's hilarious. I used to do stuff like that, but now I use minimum offer amounts because I don't feel like dealing with them. Better to only have those who are serious.
As I’m watching this I just got an offer for $11 for a $45 dollar Anthropologie Corduroy cropped jacket. I got the jacket from the Bins last week and it’s practically new. I declined the offer and sent a counter offer for $20. I will wear the jacket before I except $11 for the jacket
At least you countered. Be patient. Someone will buy it.
Just avoid best offer all together. My ASP has increased significantly since removing best offer
Thanks for watching and commenting. I think we'll just have to disagree on this. I always have best offer turned on. That's mostly because I pay very little for what I buy.
it really comes down to what your selling and how much interest their is in your items. Rarity is a HUGE determining factor
Me and my wife do listings a little bit differently. She normally always puts a refuse offer for a real low amount. I always leave it open. I kind of enjoy seeing what people will try to get things for. Kind of helps me judge the market better. Thanks for the great info.
You're welcome.
PLUS when someone sends you any offer you can then see what they’re saying about other sellers. & what a person says about someone else says more about them than it does the person their bad mouthing.
What to you do when people charge $60 for a item worth $60.... Then you throw in shipping $25... And tax $7... So now the item is over priced because of the shipping and tax. Is is rude too negotiate thus.. By the way I've bought and sold millions.. But not online.. I had my buddy buy stuff for me and I pay them back.
Anytime I buy something at a garage sale, I negotiate. I NEVER pay full price. So, if an ebay item is buy it now or best offer, always make an offer.
Better example (in my opinion) of why you shouldn't have 'Auto Decline Offers Lower Than' is when you set it at $50, but someone makes an offer of $49 ... or $49.99. That cuts you out, but you are completely unaware ... an it could have been within a penny of what you would have actually accepted.
*I know that is worded poorly, and that you basically said the same thing. Just want to bump up your comment section.
Thanks for watching and thanks for coming. That can definitely happen.
I wish Poshmark had an auto decline on low-ball offers over 50%
I have increased my average sale on ebay from $30 to $100 in 2 years time. I always take offers with no auto decline. If i'm low balled I just drop my price $5-10 on a counter. I don't care how low the offer is, it always feels like a feeler offer. Many times the buyer will counter much higher. The low offer is interest, and should never ever be ignored. Be polite, don't project a fire sale. I always throw up some small talk to see if the buyer is really paying attention or not.
Great advice! Thanks for watching and thanks for commenting.
Is 80% of asking a low ball?
Of course it is. However, you can always counter.
Amazon goodwill walmart best buy mom and pop stores none has best offer. You want something buy it.
No money sit your ass somewhere. No one got time for that mess declining offer ot make counter offer all day. No one can run a real business based off best offer. You will lose money like a magnet.
Thanks for watching. Sorry you get upset when you get low ball offers. I don't. iIt works for me. I do very well accepting offers.
I bet you yourself low ball people all the time. Thats how you get your stuff so cheap and resell it most likely at a much higher price. More than you know you should, so when you get lowball offers you're still coming out on top.
Thanks for watching. No, I do not source on eBay to resell. I have never bought an item on eBay for the sole purpose of reselling it on ebay.
Why accuse him when you don't know him?
Are you on Instagram?
Nope