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Baffled by Pricing Strategy

Over the course of the last two years, I’ve been on here and AudioMart roughly daily.  Like most of us, I always have some items on my Watchlist but I’m especially active looking at the gear in my price point right now.  One oddity that I can’t wrap my head around: Person posts their used gear, it doesn’t sell for months even after lowering the price, and their strategy is to raise the price?!?? People certainly have the right to ask for whatever they want but each time I see this I think to myself “yup, that’ll get it sold…”. From what i can tell, it’s not been in response to manufacturer’s price changes, product scarcity etc…. and it’s not like the community hasn’t seen the previous, lower price.  What’s the logic here?

128x128brewerslaw
yogiboy's avatar
yogiboy
5,486 posts
 

FYI: Once you list on AudiogoN you can’t change the listing to a higher price. Lowering the price is fine. I don't how it works on other sites!

carlsbad2's avatar
carlsbad2
1,382 posts
 

I've seen watched items on other forums raise their price often.  I can see 2 reasons:  1.  New model has significant price increase.  this had raised used prices on autos consistently.  2.  so they can lower it again in the future.

rocray's avatar
rocray
1,448 posts
 

I have also witnessed this phenomenon on other sites.  One in particular, is an amp that has been for sale for about a year,and the price goes up and down about a grand. I don’t get it,but hey, who am I? 

audioguy85's avatar
audioguy85
2,004 posts
 

I noticed on Ebay that if I lower my price, I lose a watcher or two! It's happened many a time...figure that out! I've often raised my price back up, only to gain watchers! Lol, people are freaking weird. Sone of those same items eventually sold, at the higher price....

audphile1's avatar
audphile1
4,323 posts
 

Possible strategy to deter low ballers and tire kickers.
I’ve not had one occasion where I wouldn’t accept a fair offer or my fair offer would be rejected by the seller irrespective of asking price.

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