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The meaning of Lowballing?

The meaning of Lowballing?

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Old 04-09-2013, 01:36 PM
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Questions?? The meaning of Lowballing?

Can some one please explain the meaning of LOWBALLING?
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Old 04-09-2013, 01:49 PM
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It depends on the context. Please describe what you're referring to? Examples: a lowball price quote is like a loss leader, low so as not to make any profit in order to undercut a competitor or, to understate one's capability to entice competition for money. Like being hustled.
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Old 04-09-2013, 02:06 PM
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Most people in the Swap n Sell area will feel a LowBall is virtually ANY offer Less than their asking price, but a "REAL" Lowball is an extremely LOW offer (Way below a semi-established price on any item that has established USED selling price)

Example: an AMB transponder generally sells used for $70-80 U.S. - so if a guy lists one for $75.00/offer and somone replys - "I'll give you 20 bucks" - THAT's a LOWBALL offer.

Some get offended at Low price offers on items they personally have OVER Spent on - (But that doesn't mean it's a true Lowball offer)

I have bought a lot of stuff w/ Lowball Offers, but ONLY on things that don't really have an established USED Price, and usually on items that have been listed for several weeks, or even months w/o selling at the asking price. (Desperate sellers often TAKE what they can get - just to move an item)

Note: Generally if I am going to toss a "LOWBALL" offer on the table, it will be done as a "Hey, if you CAN'T sell this item for your asking price...and EVER get really desperate to move it - I'll give you x dollars for it at that time - "

Sometimes a seller will come back with a decent counter offer and we'll meet in the middle.
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Old 04-09-2013, 03:01 PM
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My rule of thumb is 30% less than the asking price is a lowball. I routinely offer between 10%-20% off just to wheel and deal a little but if you have something priced appropriately I'll sometimes just take the price if I really want it.


Case in point for what I feel was a lowball:
I recently offered an item for sale for $70 and dropped it to $60 after a few days. I got a PM almost immediately asking if I would take $40....
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Old 04-09-2013, 04:06 PM
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If you routinely make offers to people for stuff in the for-sale section that's for half or less of what they're asking, especially if the asking price is in the range of a typically fair market value, you will acquire a rep as a lowballer here on RCTech pretty quick.

FWIW, I got sick of getting offered the proverbial twenty bucks for an AMB transponder or $50 for an Orion R10 so I now just bluntly put "no lowballers" in my ads. It doesn't mean I'm firm on price but it has cut down on useless PM's significantly and the offers I get for less than I'm asking are generally in good faith.
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Old 04-10-2013, 06:59 AM
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Keep in mind, it is a totally subjective thing. In general, it is a derogatory term used by sellers to describe buyers offering some amount less then their asking price. It rarely has anything to do with the going price for an item.

Rule of thumb, be courteous in your communication and please please please research before you buy or sell things. I see prices all over the scale, including higher then retail.
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Old 04-10-2013, 07:19 PM
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++++1

Originally Posted by orcadigital View Post
Keep in mind, it is a totally subjective thing. In general, it is a derogatory term used by sellers to describe buyers offering some amount less then their asking price. It rarely has anything to do with the going price for an item.

Rule of thumb, be courteous in your communication and please please please research before you buy or sell things. I see prices all over the scale, including higher then retail.
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