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What is your opinion on selling items on TE for more than their purchase price?
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<blockquote data-quote="Lord Nemesis" data-source="post: 2066547" data-attributes="member: 632"><p>There was a big debate on this in the past as well. As long as somebody else is allowed to post the correct price or point to another source where it can be obtained cheaper, It should be fine.</p><p></p><p>The main point here is that since the sales on these forums are largely based on trust and credibility of the forum as a whole, potential buyers should have the necessary information at his disposal to make an informed choice to buy it at a higher price if he has to.</p><p></p><p>FYI, a colleague of mine won a Occulus DK2 sometime back and wanted to dispose it as he did not have the hardware to make use of it. He offered it to me for 12k (based on the original $350 pricing), but I was not interested as the final product is going to have different specs. I however told him that Occulus DK2's are selling for a bomb even in US.</p><p></p><p>So he put it up for sale for 50k on OLX and some guy from Delhi literally booked a train ticket and came all the way to Hyd to pick it up. After he finalized the deal with that guy, he even got another guy who was ready to buy it for 80k, but decided to let the first guy take it since he had already closed the deal. So yes, a product may have much higher market value than its original price for legitimate reasons like scarcity and demand and it may also be fine to sell it at a higher price than you spent (as long as your are not trying to make a business out of it). What should be avoided is trying to keep potential users uninformed in the hopes that they will buy at a value higher than its worth.</p></blockquote><p></p>
[QUOTE="Lord Nemesis, post: 2066547, member: 632"] There was a big debate on this in the past as well. As long as somebody else is allowed to post the correct price or point to another source where it can be obtained cheaper, It should be fine. The main point here is that since the sales on these forums are largely based on trust and credibility of the forum as a whole, potential buyers should have the necessary information at his disposal to make an informed choice to buy it at a higher price if he has to. FYI, a colleague of mine won a Occulus DK2 sometime back and wanted to dispose it as he did not have the hardware to make use of it. He offered it to me for 12k (based on the original $350 pricing), but I was not interested as the final product is going to have different specs. I however told him that Occulus DK2's are selling for a bomb even in US. So he put it up for sale for 50k on OLX and some guy from Delhi literally booked a train ticket and came all the way to Hyd to pick it up. After he finalized the deal with that guy, he even got another guy who was ready to buy it for 80k, but decided to let the first guy take it since he had already closed the deal. So yes, a product may have much higher market value than its original price for legitimate reasons like scarcity and demand and it may also be fine to sell it at a higher price than you spent (as long as your are not trying to make a business out of it). What should be avoided is trying to keep potential users uninformed in the hopes that they will buy at a value higher than its worth. [/QUOTE]
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What is your opinion on selling items on TE for more than their purchase price?
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