New changes to B&S forum - Page 27
I like the bargains, so I hope there's plenty to go around. But I gave up bulk selling partly because I wasn't finding enough stuff to sell in bulk. Laziness won out, but if I were finding incredible deals, I'd probably be more willing to do the work. I'm not going to drop 50-60 percent of retail in hopes of finding the right guy willing to pay 70-80 percent.
So true. The reselling margins are thinner due to better retailer stock control, so you have to be willing to take on board a higher level of risk/investment in order to do it now. I still find what I would consider good deals, but like you, am very reluctant to hold them for long enough (to find those buyers willing to pay more) to make a big enough profit to make it worthwhile. When the next credit boom comes, and the retailers lose inventory restraint again, I'll resell for some pocket-money again. :)
That sort of pricing is fine if you're willing to wait for the right buyer, but I think there has to be an expectation on the seller's part that they're going to have to wait.
If you need help, tell me. srs.
In addition to the changes in the rules that Spoo has already talked about, we will be tightening up both the main forums drastically, as well as the B&S, so that the preview text will be much shorter, the thumbnails smaller, etc..., so that browsing will become much more enjoyable. Hope you guys will like the changes. They are a coming... soon.
Slightly off-topic in terms of making specific changes, but a theoretical point I wanted to make, given the discussion about optimal pricing.
The idea that a market creates an optimal abstract price based solely on supply and demand is only true if the market is free of constraints.
In reality, every marketplace anywhere creates constraints as well as facilitating transactions. The optimal price of an item within that marketplace is not just a function of supply and demand, but it is also distorted by the inefficiences and constraints of the market's rules/structure. Point being: it's topsy-turvy logic to adjust rules (eg bump costs) to try to create an optimal price; the market won't work that way. All you'll do is create a fresh optimal price based on the new rule/cost structure.
I suggest forgetting about trying to create an optimal price, and instead focus on creating a marketplace with as few constraints as possible and let price sort itself out. The more complications added (bumps/visibility/bolding/etc, etc.), the harder it is to work out the best sales strategy and the more time and experimentation (and associated cost) is required to achieve it. It makes the process more inefficient. At the very least, I'd advise admins against continually trying to adjust prices to optimise the system unless there is a really glaringly obvious problem. Otherwise, set up the rules/costs, and let the sellers iteratively refine their strategies until they figure out the optimal technique within the marketplace.
You are absolutely right, and I should play less fast and loose with my terms, knowing that there are some pretty decent economists here.
The complications need to be there (sort of like there are rules are regulations for every market). However, we don't intend to change things drastically, but make tweaks here and there as needed to "stimulate the economy" so to speak, and hopefully stave off recessions and/or make recessions as short as possible. I am hoping that we do a little better than the fed.