I know why guys leave the hobby

[brentus777]

Pffft don't blame the product, it's all about the $$ nothing else, we have all made money off cards once in a while, little bit different being a collector cashing in on the market hype, holding or underselling when the hobby is your business is a lot different...

 

[gemini0928]

Question, why is it that you sellers (and I say that as in a general term and not at you alone Cherry), but "you sellers" who buy in from overseas at XXX price, already have a price set for selling them locally (with your added markup), and then when you have stock in hand, the prices go up because the market is now commanding the new premiums, NOT because they were purchased at a higher price to begin with.

You're clearly upping your price to make more money, rather than the price you were already happy with.


Reminds me of an episode on Hardcore Pawn, where guy took a baseball card in to pawn, was happy with $2k and the dealer was too, but needed it authenticated. Once authenticated, the authenticator said it could go for as low as $5k and as high as $10k. The owner of the card chose to keep it when knowing that, rather than committing to the "happy with" price of $2k.


This is of course different when you buy new stock, but we're talking about products that were bought for an already agreed value, before the market drove the prices up.

This is what has always been on my mind right from the start watching and reading this thread... Make your customer happy and respect you as an individual to gain more future deals.

The new market price should not make you back out of a deal. It will only affect your business credibility and reputaion in the end if you do that.

 

[Verse1]

Don't UD and Panini etc have set rrp's on products for a certain amount of time after the product releases? If thats the case how are these online sellers that obviously buy direct from the card manufacturing companies getting away with marking products up so much?

That was my understanding but could be wrong.

 

[WoobieZarz]

rrp = recommended retail price.

You can mark up anything you want, it's going below those prices that companies frown upon (ala Apple and their iProducts).

 

[Cobretti]

Reminds me of an episode on Hardcore Pawn, where guy took a baseball card in to pawn, was happy with $2k and the dealer was too, but needed it authenticated. Once authenticated, the authenticator said it could go for as low as $5k and as high as $10k. The owner of the card chose to keep it when knowing that, rather than committing to the "happy with" price of $2k.

Lol this happens a lot on that show.

It is were I learned my bargaining skils.

PUTS ON SHOCK FACE, say what, you want $500 for that, what am I gonna do with it at that price. I'll give you $50.

 

[Cobretti]

Pffft don't blame the product, it's all about the $$ nothing else, we have all made money off cards once in a while, little bit different being a collector cashing in on the market hype, holding or underselling when the hobby is your business is a lot different...

That is false, I have never made money of cards.

As I don't usually sell cards lol.

 

[Jaames]

I don't understand why the member in question hasn't told his side of the story being that he has been on ozcards and obviously knows people are calling him out.

 

[Verse1]

rrp = recommended retail price.

You can mark up anything you want, it's going below those prices that companies frown upon (ala Apple and their iProducts).

It just bewilders me its really only prevalent in the card hobby though. Car manufacturers have RRP's and you never see them jack prices up to double/triple the rrp no matter how popular a product is. Sh!t my car is a 12 month wait as VW can't keep up with demand but i still got it for the original price.

Guess we as collectors are to blame for it all because we keep buying the product. Junkies lol

 

[cwnobes]

Exactly!
The seller DIDN'T commit to a price.

The buyer did however, say that he would buy it 'if it was at $_____' price!

The Seller couldn't do that price, so the deal is not a deal! Simple!

Hats off to you Adam for defending a member who won't defend himself! I seriously think that's awesome from you!

I do agree that everyone does need to know both sides of the story before making a judgement. But I must also say the longer he stays away without telling us his side does make it look dodgy, and won't do his business any good... I think a few of us know who it may be.

 

[Cobretti]

Well the one thing this thread has taught me is that this country is full of passionate people.

Just a shame we don't use that pashion to fight against stupid governemnt policies. We jsut sit back and watch it happen and moan about it to others haha.

 

[Heafy83]

Question, why is it that you sellers (and I say that as in a general term and not at you alone Cherry), but "you sellers" who buy in from overseas at XXX price, already have a price set for selling them locally (with your added markup), and then when you have stock in hand, the prices go up because the market is now commanding the new premiums, NOT because they were purchased at a higher price to begin with.

You're clearly upping your price to make more money, rather than the price you were already happy with.


Reminds me of an episode on Hardcore Pawn, where guy took a baseball card in to pawn, was happy with $2k and the dealer was too, but needed it authenticated. Once authenticated, the authenticator said it could go for as low as $5k and as high as $10k. The owner of the card chose to keep it when knowing that, rather than committing to the "happy with" price of $2k.


This is of course different when you buy new stock, but we're talking about products that were bought for an already agreed value, before the market drove the prices up.

Ok this is not my opinion this is fact. Australian law fact.

In Australia when a shop displays a price for a good this technically is not a set price. If I remember my law classes at uni correctly its called an 'invitation to treat'. When you take the goods to the counter you are then technically making an offer for those goods. Generally you just accept the displayed price, pay for it and are on your way. Technically you could go and barter for a lower price on a pack of gum at your local woolworths if you want but you are more than likely are going to be told to get stuffed.

The same rule applies in this instance. The sellers get the retro in. They have an 'invitation to treat' price displayed, however in this instance because of the laws of supply and demand the customers are willing to offer a higher price. The sellers then take that higher price. Its perfectly legal.

There is a moral/ethical side though of course which is what this thread more touches upon. If the two parties had agreed to the product and a set price before hand then the Seller, whilst not legally in the wrong, has morally wronged the buyer and will probably pay for it via bad PR.

If I was GoMoto I would have agreed to the product and a set price and then put a deposit down of 10% of the total value. This then makes it a legally binding contract as consideration is now involved and the Seller would have no choice but to sell it to him at the agreed price.

So I was just trying to explain to Woobie why and how these things happen. This is not legal advice and I implore you to seek advice from a legal practitioner

 

[Jaames]

Might also be an idea to think about what the seller has done for the trading card community in this country and chalk this up to a mistake/bad choice.

 

[Jaames]

Ok this is not my opinion this is fact. Australian law fact.

In Australia when a shop displays a price for a good this technically is not a set price. If I remember my law classes at uni correctly its called an 'invitation to treat'. When you take the goods to the counter you are then technically making an offer for those goods. Generally you just accept the displayed price, pay for it and are on your way. Technically you could go and barter for a lower price on a pack of gum at your local woolworths if you want but you are more than likely are going to be told to get stuffed.

100% right. I've had people try to pull the "label says $xx you must sell for $xx" when the label has obviously been placed on the wrong item. i tell them then I just mark everything for $100000 so thats what they better pay.

 

[Cobretti]

100% right. I've had people try to pull the "label says $xx you must sell for $xx" when the label has obviously been placed on the wrong item. i tell them then I just mark everything for $100000 so thats what they better pay.

The only place that honors mislabels is woolies and coles i think. But that is their choice.

I know recently Amazon mistakenly listed a nintendo 3DS for like half price on preorder, they had to honor it, not sure if US law forces them or not. So with anything new now, they jackup the price and say estimate only lol.

 

[Cobretti]

double post: error come up.

 

[Heafy83]

100% right. I've had people try to pull the "label says $xx you must sell for $xx" when the label has obviously been placed on the wrong item. i tell them then I just mark everything for $100000 so thats what they better pay.

Phew glad my memory served me correctly

 

[WoobieZarz]

Ok this is not my opinion this is fact. Australian law fact.

In Australia when a shop displays a price for a good this technically is not a set price. If I remember my law classes at uni correctly its called an 'invitation to treat'. When you take the goods to the counter you are then technically making an offer for those goods. Generally you just accept the displayed price, pay for it and are on your way. Technically you could go and barter for a lower price on a pack of gum at your local woolworths if you want but you are more than likely are going to be told to get stuffed.

The same rule applies in this instance. The sellers get the retro in. They have an 'invitation to treat' price displayed, however in this instance because of the laws of supply and demand the customers are willing to offer a higher price. The sellers then take that higher price. Its perfectly legal.

There is a moral/ethical side though of course which is what this thread more touches upon. If the two parties had agreed to the product and a set price before hand then the Seller, whilst not legally in the wrong, has morally wronged the buyer and will probably pay for it via bad PR.

If I was GoMoto I would have agreed to the product and a set price and then put a deposit down of 10% of the total value. This then makes it a legally binding contract as consideration is now involved and the Seller would have no choice but to sell it to him at the agreed price.

So I was just trying to explain to Woobie why and how these things happen. This is not legal advice and I implore you to seek advice from a legal practitioner

A bit over board, but thanks Heath, lol. I think you may have misinterpeted me though, in what I was trying to get across. We all know it's morally wrong to change on a price, and of certainly, nothing is illegal here in what's happened to GoMoto.


My point/question/statement was simply about when stores (both retail and hobby, etc) get a product in which they paid say $1,000 for. They stick their markup on it, let's say $100, making it $1,100 total.

Whilst selling this product, they then get another lot in (same product, different batch), this time the market has changed, and they now pay $1,500 for it. Again, they add their $100 to it, making it $1,600 total.

What they do then, is change their asking price on their old stock, to reflect this new market-driven price, and make $500 profit on the previous stock, and their $100 markup on the new stock.


I've had discussions to a local Harvey Norman store about this, and they actually sell their older stock (same items) at a lower rate, rather than mark up the prices! I've seen identical items priced $20 apart before, all because they bought one item cheap and the other they got them later on at a higher price. They still put their markup on the items, but didnt change the old items to reflect the new stock prices. In this instance, they actually priced matched the higher one for me.

p.s. you getting 2K13 and getting back into OZ2KL??

 

[Cobretti]

Phew glad my memory served me correctly

it might be an invitation to treat, but if every item in your shop is intentionally marked down then your customer base gets pissed off.

I am sure the intend is to try to be accurate but people should accept that errors can happen in labelling. If every item in your shop is an "error" then there is a problem lol.

 

[Cobretti]

A bit over board, but thanks Heath, lol. I think you may have misinterpeted me though, in what I was trying to get across. We all know it's morally wrong to change on a price, and of certainly, nothing is illegal here in what's happened to GoMoto.


My point/question/statement was simply about when stores (both retail and hobby, etc) get a product in which they paid say $1,000 for. They stick their markup on it, let's say $100, making it $1,100 total.

Whilst selling this product, they then get another lot in (same product, different batch), this time the market has changed, and they now pay $1,500 for it. Again, they add their $100 to it, making it $1,600 total.

What they do then, is change their asking price on their old stock, to reflect this new market-driven price, and make $500 profit on the previous stock, and their $100 markup on the new stock.


I've had discussions to a local Harvey Norman store about this, and they actually sell their older stock (same items) at a lower rate, rather than mark up the prices! I've seen identical items priced $20 apart before, all because they bought one item cheap and the other they got them later on at a higher price. They still put their markup on the items, but didnt change the old items to reflect the new stock prices. In this instance, they actually priced matched the higher one for me.

p.s. you getting 2K13 and getting back into OZ2KL??

i'll answer it this way.

Think of it as a Bank.

when interest rates go down, banks are slow to reaction. when interest rates go up, they lift their variable rates milliseconds after the annoucement.

 

[Jaames]

it might be an invitation to treat, but if every item in your shop is intentionally marked down then your customer base gets pissed off.

I am sure the intend is to try to be accurate but people should accept that errors can happen in labelling. If every item in your shop is an "error" then there is a problem lol.

The law is also in place so people don't do the sly and take a sticker off a $5 item and stick it on a $50 item.