Ask A Genius 469 – Buying or Selling Online (2)
Author(s): Scott Douglas Jacobsen and Rick Rosner
Publication (Outlet/Website): Ask A Genius
Publication Date (yyyy/mm/dd): 2018/12/10
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Rick Rosner: eBay, there are about 3,000 items in this category for sale at any given time; this category that my wife likes. It gives you a chance to see how much stuff is really worth by seeing how much stuff is really worth.
In terms of being able to buy things, obviously, eBay is being able to buy stuff that you couldn’t buy before the internet. Early adopters of the internet, they went on in roughly 1995. I do not know when eBay came online, but I think 10 years after that.
It gives anybody sufficiently diligent an idea of what stuff is worth, which is, sometimes, great because sometimes people will put stuff up for sale and they have not done sufficient research. Then they give it a buy now option; then you may be able to get a bargain.
But generally, that doesn’t happen. When my kid was younger, I was trying to get us a whole bunch of Legos for cheap. But because eBay has established a stable price point for Legos.
There weren’t bargains to be had. That aspect of eBay is great for sellers. If you do your research and look at comparable items, you can get a decent idea of what price you should accept.
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