What is your opinion on selling items on TE for more than their purchase price?

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It is always a question of supply and demand IMO. I have sold many phones over here for profit. As have many others. IMO, it should be left between buyer and seller. From my experience, if the product is priced right and the buyer is getting a better deal than the market, then he/she won't have any problem. Hell, people in fact find it much safer in dealing with old members of the forum than local people on OLX. I know I do.
 
It all comes down to the cost differential and profit margin. Whatever price you plan to sell it for, would fetch you >100% profit unless you decide to give it for free or keep your price abysmally low, which I doubt. Hence, you are in a way transferring Amazon's loss(heavy discounts to 'n' number of customers means loss commercially) to the buyer and profiting from the whole transaction, which is highly unethical.
 
First of all,

OP is "letmein" and the above guy "takemein", i must admit those two names confused me for a while. I hope someone doesn't register an id with "iPawnz". >_>

Secondly, good discussion. Because this topic has been a subject of major controversy and bans on other indian forums. Erodov (this word may get censored for all i know) will not allow you to even create a thread for it LOL.
Now my opinion,
seller should be allowed to sell at whatever price he likes unless there is a lower price for the same on an online legit site. "Legit" here doesn't include olx, quikr and any other untrusted online store.
Don't try to enforce moral policing on another member just because you do not agree with him.
But sellers whoever they are and whatever price they sell their items for MUST NEVER HIDE THE PRICE ON THE INVOICE. I connot stress this enough. Its shady and scummy at the same time. Why do you even need to do that?
And other members should stop crapping such threads with their rich molar logic. Like the price? Try to make a deal. Price too high for you? PM the seller. Dont like/hate the price and you want to force him to swallow your price? Piss off! You are not being forced to buy so you have no right to shove it down his throat. Also there may be other interested member beside you.
I personally have a serious problem with FS threads which have no source or time of purchase. Its also there in the FS template rules so I don't know why they think that they can stand over it or even bypass it. Even if you dont even remember the date of purchase give an approximate month/year.
There is also the matter of warranty with/without proper documentation but the issue seems to be more tricky than i thought.

PS: I went a little OT there, kindly excuse.
Also, for those who disagree, how is it any different from selling a gift you got.
Well played there.
 
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However the seller should clearly mention that it was bought in a deal for the awareness of the buyer.
That will be nice of him.
But another tech forum has this big thread about ethics on it and people are saying no to it by hordes. Its a gaming forum.Demand, Supply and all that jazz.

Why not just mention that its IVG? IVG has threads for unethical as well as blacklisted members. Not like they are going to ban you for saying it here. Demand and supply has been the way of a market business for generations. Would be stupid for someone to break this trend for molar reason.
Have you ever tried to RMA a heavily discounted item in India? I have and it's a PITA. You end up having to explain how you got the item at such a discount.

Yeah and honestly I wont be surprised if such thing happen to me.
A lot of people sell out of warranty products without invoice so they can claim the product is just over an year old (assuming the product has 1 year warranty) when in reality the product could be well over 2 years old. They do all this to get more money for their devices.

How true. Which is why i sometimes counter FS threads here without invoices for older products/models.
 
A lot of people sell out of warranty products without invoice so they can claim the product is just over an year old (assuming the product has 1 year warranty) when in reality the product could be well over 2 years old. They do all this to get more money for their devices. I have seen a lot of people on olx/quickr do this. This is very common with apple devices.

I agree. However, I was not talking about selling to random people over internet. To people, who I work with daily. Whom I know for quite some time. Who knows how much I spend for gadgets and how frequently I change them. And on top of it, They know I don't need to make money over selling outdated and used electronic items

@iPwnz

Just wanted to avoid naming it. Personal Choice.
 
And let's not forget some guys try to Palm off refurbished as used or new ;)
That's different, far worse and downright scummy. The one guy whom i know did this has been banned. Not sure how many people he managed to dupe. He was caught and he tried to pass the blame onto someone else. He is currently a mod on E forum. Go figure. A thread about him was also created there but he locked it.

Ps: i'm not trying to start a flamewar between the two forums. Just wanted to add more details for clarity.
 
Lol but most who have posted here would disagree with you claiming laissez faire and what not! Lmao!
 
This guy bought a HD598 for 5850, he's put it up for 14k sealed and hasn't mentioned the original price in the thread or posted a pic of the invoice.
Also wants to share shipping costs with buyer.

https://www.techenclave.com/communi...ion-sealed-with-warranty.177835/#post-2067823
Now talk about being greedy.
You should link his post (the #) on the LD thread on his FS thread so that others may know the context of your quote. Because we cant do anything else.
Selling for a profit is one thing but that is on another level.
 
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Sellers should be prohibited from hiding out the "amount" paid on the invoice. At the same time to help prevent any unnecessary posts aka thread crapping other members should be warned if they talk about "ethics" on the thread. But they may post a link to a site which sells the item at a lower price.
What do you guys think?
Because I'll be honest, every time i see an altered invoice or invoice in which the actual amount paid is whitened out, i have a feeling that its a shady deal and i get pissed because there's nothing we can do about it and that makes me want to shit on that thread even more. I mean if seller is genuine he wouldn't have gone through the trouble of editing a copy of the invoice.
 
Wonder why we are even talking about the price the seller bought the product at. If the buyer feels that the deal is good enough for him, he should go ahead. That assessment/valuations needs to be done by him, not others.
 
There is no harm in doing this. Its entirely upto to the seller to choose the price he wants to sell at as long as he is willing to disclose the original price so that the buyer is informed to decide whether to buy or not. Also, the buyer is well aware of the current market prices and can take a decision to buy or not. Though the price maybe higher than the seller's original purchase price the buyer might still end up getting a discount from current market prices.

As long as everything is transparent there is nothing wrong in this.
 
You are right and this is because in India the first question people ask is "Bill hai kya", to ascertain the genuine-ity of the product. I have seen people do that for iPhones as well and they have no clue that iPhones don't really require bill for servicing.
They ask to make sure the Phone is not stolen
Bill is like a Proof of purchase that the product is coming from a Legit Person
One should also take a id proof that shows address on it..
 
Quick question. Do you guys ask for seller's cost price every time you go to the market as well.

This. This a million times.

All these ethical people needs to do this for once. My personal opinion is whoever try to act smart or for the better of others are just morons who just bully a fellow from the comfort and safety behind their keyboard.
 
It's not about ethics, some of these scalpers don't even post the pics of the invoice at all which is a mandatory requirement for a sale thread on te.
Also name, address and contact no. is understood but why black out the amount ?
 
It's not about ethics, some of these scalpers don't even post the pics of the invoice at all which is a mandatory requirement for a sale thread on te.
Also name, address and contact no. is understood but why black out the amount ?
Because everyone wants to negotiate on the price on the invoice and not the current market price.
If selling above cost price is unethical then every person in this world is unethical.
Plus, I don't understand this, the products on sale aren't cancer drugs which by selling for preposterous price would be holding a person's life at ransom.
How is making money and at the same time selling the product for less than the prevailing market price a crime in people's eyes.

What happens usually is people start calling the seller by names such as happened in this thread and that scares away genuine buyers.
Why can't people let the market be a market, which works on supply and demand. That is the ultimate equalizer for me.

This, IMO, is akin to calling someone a Deshdrohi just because they buy products made in other countries.
 
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