Market Feedback Item selling for more than what someone paid

[superczar]

Coming to invoices, if there is warranty or no warranty the invoice must be supplied whether is a 1 year warranty or a 100 year warranty. if you really feel they made a profit, nirmala seetharaman has a twitter account.

There is another aspect.
There are times when some of us offload items that were either brought at an offline store and the invoice may have been long lost.
Also invoices for items brought from B&M stores outside India are usually with a basic thermal printer receipt - Even if one kept the invoice, they usually fade away quickly.

The price one paid TBH is of no relevance.. neither is the invoice if the seller has clearly mentioned that no warranty is applicable.
Even with warranty, there are many products that do not need an invoice

As long as the seller is transparent about the presence or absence of an invoice, I dont see why it should be a mandatory requirement

 

[kiranrss]

There is another aspect.
There are times when some of us offload items that were either brought at an offline store and the invoice may have been long lost.
Also invoices for items brought from B&M stores outside India are usually with a basic thermal printer receipt - Even if one kept the invoice, they usually fade away quickly.

The price one paid TBH is of no relevance.. neither is the invoice if the seller has clearly mentioned that no warranty is applicable.
Even with warranty, there are many products that do not need an invoice

As long as the seller is transparent about the presence or absence of an invoice, I dont see why it should be a mandatory requirement

Agree that if invoices are lost they can be called out as lost or not available where available should be shared

 

[kartikoli]

As many of us have already mentioned that prices are directly related to the current market conditions, so selling above the purchase price under certain circumstances should not be a problem. Seller have a right to ask what ever price they wish, end of discussion. (Will they be able to sell at that price is a different story)

 

[solo_wing]

As many of us have already mentioned that prices are directly related to the current market conditions, so selling above the purchase price under certain circumstances should not be a problem. Seller have a right to ask what ever price they wish, end of discussion. (Will they be able to sell at that price is a different story)

to keep a check on that ....Mods do allow price comparison also which is fair so that buyer can decide where to buy for cheap but there are members here who will abuse that also by posting links to USA websites /marketplace anywhere they can find it cheaper from sellers price here . As if India is 51st state of USA which is allowed to buy products tax free and without paying shipping cost also .

 

[Tobikage]

Think something is overpriced , don't buy it....sinple as that.

Not every product someone lists HAS to be sold right ?

Ask for an unedited invoice ofcourse.

 

[PunkX 75]

Let the seller quote whatever he/she wants. Buyers here are informed enough to know a good deal from a crap one.

However, as other members have highlighted, hiding invoice prices must be banned, and added to the forum rules.

@Renegade, this warrants serious consideration, I'm sure many members would agree.

 

[kartikoli]

to keep a check on that ....Mods do allow price comparison also which is fair so that buyer can decide where to buy for cheap but there are members here who will abuse that also by posting links to USA websites /marketplace anywhere they can find it cheaper from sellers price here . As if India is 51st state of USA which is allowed to buy products tax free and without paying shipping cost also .

What I do is agree with them (no point explaining random internet users and waste time, unless its a genuine case) but with due respect I can't sell at your quoted price or below that so if you are interested then buy at the high price that I've originally asked.

 

[t3chg33k]

Not that I have had the opportunity to do this so far
But I would think it works both ways.

Sometimes you buy something new at lets say 50K and a few months later, the new price tumbles to 30K so if you want to sell it, you sell it at 20 which is a 60% depreciation.
if otoh you brought a GPU at 30K in 2019 and the prices shot up to 60K by 2021, there is no reason you should have to sell it for 25 or even 30K

I think the bias comes from the fact that there are more buyers than sellers here who would prefer the price to be as less as possible. As you rightly said, as a seller, devaluation is more the norm than appreciation.

Don't see any problem with hiding prices or selling at more than purchase price. Sometimes people miss a deal and can still get an item for less than the current price. Buyers should do their due diligence based on the current market price and determine whether it is worth it.

If a check ought to be put, then it should be that the asking price should be less than the MRP, but nothing otherwise. E-commerce marketplaces play around with price all the time and you cannot force them to sell something at their lowest price if you feel they are ripping you off, so same goes here.

 

[solo_wing]

I think the bias comes from the fact that there are more buyers than sellers here who would prefer the price to be as less as possible. As you rightly said, as a seller, devaluation is more the norm than appreciation.

This.
Everything is tried to put in sellers court here by few members particularly.

 

[vishalrao]

What's the reason for not allowing price-checks on TE? I want to sell my stuff and genuinely want to set a fair asking price - fair for both seller (me) and buyers. Right now the response I got was "just put a higher asking price in your sale thread and then gradually reduce until someone buys" but that doesn't address the fairness aspect. Can there be a dedicated "price check" thread?

 

[kartikoli]

What's the reason for not allowing price-checks on TE? I want to sell my stuff and genuinely want to set a fair asking price - fair for both seller (me) and buyers. Right now the response I got was "just put a higher asking price in your sale thread and then gradually reduce until someone buys" but that doesn't address the fairness aspect. Can there be a dedicated "price check" thread?

It was closed because people were finalizing deals before posting a thread or just didn't post any thread at all. Instead of closing a thread we should have made a rule that if someone deals without a thread TE won't assist them at all.

 

[greenhorn]

I think the bias comes from the fact that there are more buyers than sellers here who would prefer the price to be as less as possible.

Very relevant point. For most traditional marketplace platforms and buy sell groups, policies and processes are structured to be equally fair to buyers and sellers because the primary purpose of the platform is to maximize sales.

But then that brings up the question on what te is supposed to be, are we a Marketplace based community or a community based marketplace? One should exist to serve the other. Depending on that we need to set policy. Are we here to facilitate sales or user engagement? While they need not be mutually exclusive, the key to setting up policies depends on how we prioritise.

TE used to be a place people came here for the discussion and stayed for the marketplace. Nowadays a lot of people see it the other way round.
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Based on my experience, the mods have been trying to walk the fine line between capitalist(seller focused) vs communist (community focused) with a regulated setup, but in those you'll never get consensus. It's up to the mod teams gut instincts. I'm not sure if focus group attempts like this are representative as the vocal minorities tend towards extreme view points

 

[Renegade]

We are discussing 3 points here:

1. Can we sell for more than what we bought it for? The answer is yes. We have always maintained that if you price it higher than what someone is willing to buy it for then it won't sell. This thread was about that and its been answered.
2. Hiding the price on the invoice. Now I am not sure why its needed or not needed. We can surely discuss this point more and separately in another thread.
3. Why cant we have the price check thread back? This is being discussed in the auction thread. Lets not mix both here. We can take a decision by the month end on this.

 

[PoBoy]

Just as sellers have to specify "Have you posted two pics?" let the seller clearly state "Are you selling this at a price higher than what you bought it for?".

Then let buyers decide.

If a forum member frequently sells at a higher price then mods can decide what to do.