|
Korean Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
eamo

Joined: 08 Mar 2003 Location: Shepherd's Bush, 1964.
|
Posted: Tue Oct 19, 2010 9:30 pm Post subject: |
|
|
Yeah, it's a free market here......ask as much as you want...if a seller asks too much and somebody wants to pay that....then fine.
But it's also an open forum......so if you come on selling goods at above the market rate.....then expect to get spliffed......or called out for those newer to these boards.
And don't whine, 'hey man, you're spoiling my sale'......sell your stuff on an open internet forum like this and you're probably not going to get away with high-balling. |
|
| Back to top |
|
 |
ippy
Joined: 25 Aug 2009
|
Posted: Tue Oct 19, 2010 10:03 pm Post subject: |
|
|
youd only be spoiling my sale if you found it cheaper and dint want it yourself (if you did want it then id assume youd just buy it cheaper) But then again only someone with a bit of an axe to grind is going to look for something cheaper when they dont even want it. |
|
| Back to top |
|
 |
Taiwantroll

Joined: 10 Sep 2006
|
Posted: Wed Oct 20, 2010 2:21 pm Post subject: |
|
|
I was going to post the same thing. You beat me to it.
Yes the overpricing is ridiculous. I think the problem stems from the influx of young, morally bankrupt, consumerist, college grad party-goers here in Korea, who come here to make money and party and care very little for the job or anyone other than themselves. In other countries, like Taiwan for example, there is a strong expat community that stick together and help each other. Check out the used prices on http://www.tealit.com and you will see a noticeable difference in prices.
I post the retail price for items on ads posted here to provide less than knowledgeable potential buyers some pertinent information. And because I can't stand greedy people. When I sold my Xbox and Wii I sold them for close to half the retail price and they were less than a year old. |
|
| Back to top |
|
 |
Bloopity Bloop

Joined: 26 Apr 2009 Location: Seoul yo
|
Posted: Wed Oct 20, 2010 3:34 pm Post subject: |
|
|
| Taiwantroll wrote: |
I was going to post the same thing. You beat me to it.
Yes the overpricing is ridiculous. I think the problem stems from the influx of young, morally bankrupt, consumerist, college grad party-goers here in Korea, who come here to make money and party and care very little for the job or anyone other than themselves. In other countries, like Taiwan for example, there is a strong expat community that stick together and help each other. Check out the used prices on http://www.tealit.com and you will see a noticeable difference in prices.
I post the retail price for items on ads posted here to provide less than knowledgeable potential buyers some pertinent information. And because I can't stand greedy people. When I sold my Xbox and Wii I sold them for close to half the retail price and they were less than a year old. |
THAT'S WHAT I'M TALKIN' ABOUT! |
|
| Back to top |
|
 |
Bloopity Bloop

Joined: 26 Apr 2009 Location: Seoul yo
|
Posted: Wed Oct 20, 2010 3:35 pm Post subject: |
|
|
| ippy wrote: |
youd only be spoiling my sale if you found it cheaper and dint want it yourself (if you did want it then id assume youd just buy it cheaper) But then again only someone with a bit of an axe to grind is going to look for something cheaper when they dont even want it. |
Hm... either that, or we don't want to see people get ripped off. That being said, if someone actually buys an item for far more than it's worth, I've been thinking that maybe they deserve it...
Who buys things without checking prices anymore? The net's made it far too simple. |
|
| Back to top |
|
 |
winterfall
Joined: 21 May 2009
|
Posted: Wed Oct 20, 2010 4:42 pm Post subject: |
|
|
| Bloopity Bloop wrote: |
The problem with B/S/T Forum on Dave's is not just overcharging, but ridiculous lowballing. I was selling my laptop on here (which I sold for 450k won) for 450k won and some idiot kept trying to offer 250k won or some insanely stupid price simply because it wasn't a major brand name in Korea. It was 6 months old, in ABSOLUTELY perfect condition, and I paid about $550 USD for it.
Recently, there HAVE been a lot of ridiculously overpriced items and defensive sellers. Your best protection is to keep yourself informed, do the research, and benefit from never getting burned. There isn't really anything you can do to curb others' ignorance about their obscene pricing, but they'll hopefully learn when their inbox stays empty.
I'm actually glad that there's a number of us here who will call people out on BS pricing. Nothing you can do about wading through all these cheapos, though.
The next time I receive a PM like, "You know, I really want your item but am low on cash, will you take 50k won? (when I'm asking for 120k won)" I'm gonna respond with something mean. You can probably tell from my post that I have a bigger problem with all the cheapskates than greedy/ignorant sellers. |
250 is a bit low but 300 wouldn't be unreasonable for a 6 month old laptop, you originally paid 550 for. That price range is filled with bare entry models. And every month or two, those laptops are the first ones to get replaced with faster and stronger models. There's no incentive to pay more than 60% and that's with a generous buyer unless you threw in a bunch of freebies. |
|
| Back to top |
|
 |
coryallan
Joined: 20 Dec 2009
|
Posted: Wed Oct 20, 2010 7:04 pm Post subject: |
|
|
I does not really bother me when people increase prices, some people are out to make profits and rip people off, others put a higher value on their own belongings. We are not businesses, here is an example
Apple recently started a trade in for ipods...You should check out what they value a 32GB ipod touch 2G at (around $60). When people want to upgrade they can trade in for $60 or they can come on here and sell for 200-250 000...
Should we start calling out everyone for the price they put on products? |
|
| Back to top |
|
 |
fdwilliams
Joined: 28 May 2005
|
Posted: Thu Oct 21, 2010 8:31 am Post subject: Good point, sort of |
|
|
This is a marketplace with amateur buyers and sellers. Most of us have no idea what is really a fair price for things in Korea. Because this marketplace is very small, distorted prices (too high or too low) are to be expected. And while lower prices may sometimes be found from larger markets (Gmarket), because most of us can't shop there (lacking sufflcient skills), we can't buy there.
So, we shop here, sometimes finding overpriced goods, but more often finding things at near giveaway prices because people are leaving and must either sell or discard.
It's a good place -- serving both buyers and sellers. |
|
| Back to top |
|
 |
NYC_Gal

Joined: 08 Dec 2009
|
Posted: Thu Oct 21, 2010 4:51 pm Post subject: |
|
|
| I'd pay quadruple the price for some nice brie or camembert, and wouldn't mind one bit. This is Korea. Some things are hard to find. |
|
| Back to top |
|
 |
potblackettle

Joined: 23 Aug 2006 Location: South Korea
|
Posted: Thu Oct 21, 2010 6:07 pm Post subject: |
|
|
While I see your point, nobody is forcing anyone to buy anything. And low-balling is just as big a problem.
It's peoples decision whether to buy or not. |
|
| Back to top |
|
 |
lifeinkorea
Joined: 24 Jan 2009 Location: somewhere in China
|
Posted: Thu Oct 21, 2010 7:30 pm Post subject: |
|
|
| Quote: |
| only someone with a bit of an axe to grind is going to look for something cheaper when they dont even want it. |
| Quote: |
| we don't want to see people get ripped off |
| Quote: |
| low-balling is just as big a problem. |
Hmm...let's think about this. Let's say a product was $1,000 new. It is used but in working condition, meaning there are no apparent flaws. The obvious observation is that it should not be sold for $1,000 or more. Next to that, $1.00 comes in as a close second to being rejected.
So, we usually get first offers of $250 which still sound too low. If it really is too low, someone else will gladly offer $350, and so on until we get to like $750.
I don't see any negative impact low balling might do. It might annoy a seller who is trying to get rid of their stuff (for legit reasons), but it ensures the buyer won't pay more than it is worth. This is the same reasoning why we don't want to sell the same product for $1,000.
Take another look at this. I traded something for a video camera priced at about $400, but now when I look at the price of the camera new it only shows $250. So, used, it not only dropped half in value, but the competition of other video cameras along with new versions of the same one have lowered its value even more.
It's pointless selling it in order to get the fair value of it. As seller, you need to decide to keep it, meaning you keep it's original value, or you take the loss and sell lower.
In this case low-balling would make more sense, and in the end it's what the buyer is willing to spend. If you don't want to get stung by a seller, determine how much you want to spend and only bring that amount in cash. That way, you won't leave with less than what are comfortable giving up. If they call you a "yella belly low baller" and spit in your face, find another seller. That simple. |
|
| Back to top |
|
 |
potblackettle

Joined: 23 Aug 2006 Location: South Korea
|
Posted: Thu Oct 21, 2010 7:38 pm Post subject: |
|
|
| lifeinkorea wrote: |
| Quote: |
| only someone with a bit of an axe to grind is going to look for something cheaper when they dont even want it. |
| Quote: |
| we don't want to see people get ripped off |
| Quote: |
| low-balling is just as big a problem. |
Hmm...let's think about this. Let's say a product was $1,000 new. It is used but in working condition, meaning there are no apparent flaws. The obvious observation is that it should not be sold for $1,000 or more. Next to that, $1.00 comes in as a close second to being rejected.
So, we usually get first offers of $250 which still sound too low. If it really is too low, someone else will gladly offer $350, and so on until we get to like $750.
I don't see any negative impact low balling might do. It might annoy a seller who is trying to get rid of their stuff (for legit reasons), but it ensures the buyer won't pay more than it is worth. This is the same reasoning why we don't want to sell the same product for $1,000.
Take another look at this. I traded something for a video camera priced at about $400, but now when I look at the price of the camera new it only shows $250. So, used, it not only dropped half in value, but the competition of other video cameras along with new versions of the same one have lowered its value even more.
It's pointless selling it in order to get the fair value of it. As seller, you need to decide to keep it, meaning you keep it's original value, or you take the loss and sell lower.
In this case low-balling would make more sense, and in the end it's what the buyer is willing to spend. If you don't want to get stung by a seller, determine how much you want to spend and only bring that amount in cash. That way, you won't leave with less than what are comfortable giving up. If they call you a "yella belly low baller" and spit in your face, find another seller. That simple. |
I phrased that poorly. I didn't mean problem as in "causing me trouble" but more as in "annoying as heck". I don't enjoy wading through 10 messages offering $5 for a $300 crib I'm selling for $50. (The crib was sold months ago...) |
|
| Back to top |
|
 |
ippy
Joined: 25 Aug 2009
|
Posted: Thu Oct 21, 2010 9:31 pm Post subject: |
|
|
You people are rather odd. Why would you construct a flimsy page argument when this is what ACTUALLY happens:
Seller looks around.
Gauges second hand price in market.
Throws up a slightly higher price on the expectation of haggling.
Seller either receives no interest in which case they readvertise it abo0ut 10-20% lower.
Or they receive interest and sell it for a price they're happy to get.
I decide whether or not i want to sell my stuff, the price i put up is dictated 100% on MY priorities. If i want a quick sale i will have a lower price, but if i can hang arouind and take the chance that the product is going to sit around and lose value, thats my decision to make as a seller. Since i paid full whack for it, i get to choose what kind of hit i'll take on it.
As a buyer you can SUGGEST a price to me, and then i will decide if i want to sell you it at that suggested price. You can also morally whine at me about equity till your heart bleeds, but im not interested. Go buy your own [whatever it is im selling] from the shops and sell it in at 50 or 25% if you like. If you dont like the price i set, trot on.
And by cheaper prices, i mean cheaper second hand prices. If youre charging stuff above retail then theres clearly something remiss. Maybe its above US retail which doesnt account for shipping and import duties? (and thus means nothing since YOU couldn't get it at that price anyway). Either way if its advertised higher than your domestic market where you can literally pop down the shops and buy it brand new for less, and you dont, then you are clearly an idiot. (however i will concede that in this case its absolutely right to tell the buyer they're being a fool - in fact ANY TIME you want to point out a cheaper sale, thats fine, but the lower the price the seller is asking and the more time it takes you to find that cheaper price to undermine their sale, the bigger douche youre being if you ask me).
NB. I say this entirely as someone who doesnt usually bother selling stuff anyway. I usually just leave stuff behind or throw it out. As far as im concerned once i pay fro stuff, its mine, and the cost no longer exists. I dont look at it as some kind of investment or factor in how much i can get back from it 2 years down the line when i sell it on. So i promise you, this is neutral stuff. I just think its utterly bewildering that buyers think they have some kind of actual pre-negotiation say in the prices sellers set for their stuff. If you dont want it at that price, go find it somewhere where you can get it at the price you want since you're so sure its overvalued...  |
|
| Back to top |
|
 |
coryallan
Joined: 20 Dec 2009
|
Posted: Fri Oct 22, 2010 10:36 pm Post subject: |
|
|
good post...
The thing I find the most amusing is when people say "on Gmarket/Auction Korean its this price" Most foreigners don't use these sites as many can't read korean...
Its a ridiculous argument to make, Ebay sells cheaper items as well...I am sure you could find items with no reserve and try to bid at the last second...This does not make those prices the standard for all used goods...
You can take this as an example one seller sells a macbook for 200 000 just because he wants to get rid of it. Can every potential buyer now use that price to lower other sellers prices? "Your selling a macbook for 500 000 but another seller sold is for 200 000, your price is too high...I can find one cheaper" |
|
| Back to top |
|
 |
randall020105

Joined: 08 Apr 2008 Location: the land of morning confusion...
|
Posted: Wed Oct 27, 2010 9:59 pm Post subject: |
|
|
More Amusing is ths...
| coryallan wrote: |
good post...
The thing I find the most amusing is when people say "on Gmarket/Auction Korean its this price" Most foreigners don't use these sites as many can't read korean...
Its a ridiculous argument to make, Ebay sells cheaper items as well...I am sure you could find items with no reserve and try to bid at the last second...This does not make those prices the standard for all used goods...
You can take this as an example one seller sells a macbook for 200 000 just because he wants to get rid of it. Can every potential buyer now use that price to lower other sellers prices? "Your selling a macbook for 500 000 but another seller sold is for 200 000, your price is too high...I can find one cheaper" |
one can choose the English option if you want and ask a co-worker to help with simple stuff if you're REALLY lazy...otherwise you can copy and paste into google translate to see what you're buying!!! |
|
| Back to top |
|
 |
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
|
|