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How should used items be priced?

posted 1 year ago in Money
  • 1 Members Subscribed To Topic
  • poll: What should the price cut be when selling used items?
    50% or more of the original purchase price : (12 votes)
    29 %
    35 - 49% of the original purchase price : (9 votes)
    22 %
    20 - 34% of the original purchase price : (2 votes)
    5 %
    depends on the condition of the item : (18 votes)
    44 %
  •  
    1.
    Member
    3,763 posts
    Honey bee
    JamaicaBride    May 14, 2011   Charlotte, NC

    I have been running into some pricing issues when looking for used items to buy for my sister's wedding on September 18th.

    Example: This couple had a cupcake stand that they were trying to sell. The husband made it for his daughter's wedding and now that the wedding has come and gone, they are selling off items. He wanted $50 for the cake stand and even his wife was surprised that he wanted to sell it for that much. His reasoning was that $50 was basically the cost of the materials used to make the cupcake stand. My thing is....he already USED the stand for it's intended pupose. Regardless of how much it cost initially it's now a USED item and should be priced accordingly.

    I have run into this same scenario with several different items during this wedding planning process.

    So my question is this...on average...what should the price cut be when selling used items?

     
    2.
    Bee
    3,185 posts
    Sugar bee
    sloth    May 14, 2011   Philadelphia, PA

    I think that the price should be cut a LOT. I don't have a specific percentage in mind, but the way I look at it is: if I'm only saving a few bucks, I'd rather just spend the money to get something new. If I'm going to buy a used product, I better save a lot of money.

    I see it all the time with used wedding gowns. People will try to sell a used dress for $100 off the new price. No thanks. I'd rather spend $100 for a ew dress.

     
    3.
    Member
    3,763 posts
    Honey bee
    JamaicaBride    May 14, 2011   Charlotte, NC

    @danadelphia: My thoughts exactly! I am not trying to help somebody else break even on THEIR wedding expenses. I am trying to spend the least amount of money as possible (even if it's my sister's money and not mine) on the items that my sister wants/needs for HER wedding.

    I was starting to think that maybe I was being unreasonable for thinking the items I have found should be deeply discounted.

     
    4.
    Member
    1,811 posts
    Buzzing bee
    MissTatas    August 6, 2011   Minneapolis, MN

    I think half the price they paid is reasonable. It drives me crazy when I see dresses for sale for a a couple hundred off of THOUSANDS of dollars and they have been worn.

     
    5.
    Member
    1,408 posts
    Bumble bee
    ILikePink    June 9, 2012   Minneapolis, MN

    Yeah, I can't believe this Maggie dress I want desperatly is used, and she only marked it down $200! It was originally $1,200, now $1,000, I would consider buying it around $800.

     

     
    6.
    Member
    2,882 posts
    Sugar bee
    rachaelrobin    January 16, 2011   Philadelphia

    I agree with both of you.  The items should have a significant discount.

     
    7.
    Member
    3,763 posts
    Honey bee
    JamaicaBride    May 14, 2011   Charlotte, NC

    I have been able to negotiate the price down in most cases...but I can't count the number of times I've heard "but I spent a lot of money on this". Yeah...you did...but it was for YOUR use...not mine so you got your money's worth. And besides....are you REALLY going to use 5ft columns again? What about 50 glass vases?...I think not...LOL

     
    8.
    Member
    438 posts
    Helper bee
    PaperCrane       Married!

    It also drives me crazy when I find a good deal on a pre-owned item but then when you factor in the shipping it comes out to more than just driving to a store and buying the item new, or using some kind of free shipping promo online.

    I like the idea of helping someone make some money back.. but it's got to be worth it for me too.

     
    9.
    Member
    2,684 posts
    Sugar bee
    Goldilocks1107    September 2010   Madison, WI

    I figure that for most items they should be discounted 50% or more. I always love finding used votive candles in containers that they're trying to sell with a 25% discount. Sorry, but you've already used 8 out of the 10 burning hours, all I'm really getting are votive holders (after I put in the elbow grease to get the used wax out of the inside).

     
    10.
    Member
    5,243 posts
    Bee Keeper
    cbee    July 26, 2010  

    I have a huge problem with 'Used" prices.  I guess where I come from, or the way I was raised- I think things should be largely discounted once used.  Some people seem to have become really greedy with the recession (?) and the implementation of the ability (via the internet) to cash out. 

    I found things new that cost less than "used!"  It is sad...

     
    11.
    2,253 posts
    Buzzing bee
    MandaMack    September 10, 2011   Pittsburgh, PA

    I actually got in a slight email argument with a woman over Craigslist for this same reason!  She was selling her used cricut for $150, it did come with a FEW extras, but still, I could buy a brand new one FOR LESS!  And she was like, but I have all these extras...THAT I MAY OR MAY NOT USE LADY!  I just wanted the Cricut, lol.  Whatever, no Cricut for me...

     
    12.
    Member
    3,763 posts
    Honey bee
    JamaicaBride    May 14, 2011   Charlotte, NC

    @PaperCrane: Totally agree...I have found that buying new items has been cheaper than buying used in some cases b/c of the shipping costs.

     

    @Goldilocks1107: That's the other thing I am running into. Some of the sellers wanting "premium" pricing don't even do the simple things like wash the itmes before trying to sell them. The cupcake holder I referenced above still had ICING on it from their daughter's wedding...LOL.

     

    @cbee: I agree. I think the recession is driving a lot of sellers to overprice their items. it only makes them that much harder to sell though.

     

    @MandaMack: I can totally relate to the slight arguments...I have had a few of those myself Laughing

     
    13.
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    Member
    5,813 posts
    Bee Keeper
    crayfish    September 11, 2010   Berkeley, CA

    Well, the thing with wedding dresses is: they were only worn fora FEW HOURS. It's not like you're buying something that was worn over and over, or shoes that have been worn for half a year. I think charging like 80% of the original purchase price of a gown is perfectly reasonable if it was only worn once. I think it's kind of crazy to expect more to be knocked off than that. i know it happens, but I think it is crazy that people think that a thousand or more dollars should be lopped off for 7 hours worth of wear.

     
    14.
    Member
    3,763 posts
    Honey bee
    JamaicaBride    May 14, 2011   Charlotte, NC

    @crayfish: I am kind of on the fence about wedding dresses. On the one hand, the bride only wears it for a single day. But on the other hand..it's not a new dress...it has been worn..and most likely altered. I don't know if a 50% cut would be reasonable...but I personally wouldn't be willing to pay too much over that....maybe 65 to 75%.

     
    15.
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    Member
    140 posts
    Blushing bee
    hcantrell0302    May 21, 2011   Columbus Ohio

    The biggest thing I notice this with is table linens.  Runners, covers, tablecloths, you name it.  I would expect to pay about half what they paid, but any more, tack on shipping and I might as well buy the darn pintuck satin linens as opposed to the polyester ones.  Granted, people buy them intending to sell them again, but that's just it, they are used. 

    As for wedding dresses, i say about 70% of retail, seeing as you aren't paying taxes, hopefully no or very little alterations, and sometimes they throw in the veil and crinni for free (at least the girl i bought mine off craigslist did).

    And what's with the 7 1/2 cylinder vases being sold for upwards of $3 a peice when you can buy them at the DOLLAR TREE for A DOLLAR????  I guess maybe a higher quality?  Maybe Dollar Tree has a stigma?  Who knows.  Guess when it comes time to sell what I bought I will be the person holding the "power," I just plan to be a little more reasonable!

     
    16.
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    Member
    396 posts
    Helper bee
    futureMrs.L    September 25, 2010   Palmdale, CA

    I had offered to sell my dress after the wedding and got tons of messages asking me how much I planned to sell it for.  I told every single person that I would like 50% of what I paid for it and that I would have it professionally cleaned of course and shipped....NOT 1 person ever responded!  So, although many of you stated between 50%-75% is a good price, (which I too find very reasonable).... I think most want to pay a whole lot less. 

     
    17.
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    Member
    372 posts
    Helper bee
    historienne       SF/Mendocino

    I definitely think that 50-70% is right for a wedding dress, depending on how popular the style is and how much alteration has been done.  What gets me, though, is when people include the cost of their alterations as part of their "original price" as though that's a selling point for me.  Unless I magically have your exact body shape, I'm going to have to do my own alterations anyway, and the fact that you had it altered just means that there's less room wo work with for my own alterations.  So no, I am not going to pay you an extra $200 to cover your alterations costs.

     

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