Dale Hodgins wrote:If your stuff is doubling in price in one day, that means that you didn't charge what the market will bear.
I'm charging 10% less than new for used goods in good condition, 25% less than new for used goods in less than perfect condition. If I charge higher than new for used goods, then I feel like I'm ripping people off and I don't like feeling that way. I'm a bad capitalist.
The buyer doubles the price, then it sits on UsedAnywhere for three to six months, before they bring it down to what I sold it to them. OCCASIONALLY, it sells in about 6 weeks, but that's worse because that means someone bought a used item for more than a new one.
I had one case where I sold a broken spinning wheel for $25 - the price of the firewood because that's all it was, really nice firewood. That afternoon, it went up for sale for $400. The price came down on UsedAnywhere to $250 then the listing vanished. The next day the broken wheel made its way back to my house to be fixed. The person who bought it had been saving for months to afford a wheel and was so excited. Explaining to them that to fix it wold cost more than a new wheel, was very sad. It was missing some pretty important bits like spokes, and the bit that makes the yarn go happy. And legs, and lots of things. Basically, it was a plank and a broken wheel. They took it to at least two other wheel repair people in town who told them the same thing (there aren't that many of us and we
gossip talk technical gibberish to improve our skill) before donating it to the Sally Anne who, I'm told, took it to the dump.
A person took advantage of the situation and sold that poor woman a lemon. I told them it was not fixable and decoration only. They sold it as a functioning spinning wheel to someone who hadn't done her research.
Lesson: know what you are buying
Lesson 2: some people are good capitalists and don't mind dressing up mutton to look like lamb.