What is " lowball"


Do any of you have an idea of what constitutes lowball as a general rule. I have purchased things at 75% of asking price and have been ignored at 90%. All my sales have involved some haggling to find a middle ground and some started at what I thought was a lowball, so it annoys me when I am ignored. I guess it is better than getting involved with someone too busy to type NO THANKS and hit send. I'm just curious what everyone considers a rule of thumb in regards to making offers.
mthieme

Showing 1 response by czarivey

Something similar to low-blow in boxing :-)

Good points mentioned about the values. Sometimes sellers have no idea or just being ignorant and want to get high dollar for item ain't worth a dime. 

Once I've seen dood sellin' White Album with 6-digit black serial number -- Apple label in average condition for $495. I didn't offer him $5 for his, but instead I offered him to purchase mine with embossed 5-digit serial number with above average condition $40 (also Apple label) so he can resell mine for $4,000. He replied -- "I gutta sell mayne furst". If he offered me $15...20, I would sell which would be more than 50% off asking price.

Another retail store strategies is to price product almost twice as much it should be worth and than take 50% off.

So still don't know if I'm low-baller or not. I'm just retailer.