Discussion Forum: Thread 256163

 Author: divv101 View Messages Posted By divv101
 Posted: Aug 16, 2019 06:49
 Subject: Advice requested for pricing parts
 Viewed: 137 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

divv101 (23)

Location:  United Kingdom, England
Member Since Contact Type Status
Sep 28, 2013 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Divvworld Bricks
Hi

I have been selling Lego on Ebay for many years but due to the ever increasing
fees have decided to give Bricklink a try to sell the parts and gradually transition
over.

My store is closed at the minute as not exactly an expert on the site. I have
parted out just 1 set to my store and added a lot of parts that I am not currently
selling elsewhere.

I have noticed that the parted out set's prices are 2-3 times the price of
MANY sellers in the UK.

I have added parts too and set them cheaper end/midway on avg 6 months sold and
current prices for sale. I have not checked if the price on these is way too
expensive or not.

ANY advice would be appreciated
 Author: Minifigforlife View Messages Posted By Minifigforlife
 Posted: Aug 16, 2019 07:19
 Subject: Re: Advice requested for pricing parts
 Viewed: 63 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Minifigforlife (13719)

Location:  United Kingdom, England
Member Since Contact Type Status
Feb 18, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Minifigforlife
  I have noticed that the parted out set's prices are 2-3 times the price of
MANY sellers in the UK.

I am not quite sure what you mean here.

Are the parts coming out at 2 to 3 times that of many sellers, when you are using
averages?
If so, this is going to be normal, averages are just that, average.

You could try and reduce some parts individually when you think you are expensive.
It's all relative. You decide yourself what to sell at. Buyers may want other
items in your store, so may not always check the prices of every part they want,
to see how well you are priced.
 Author: divv101 View Messages Posted By divv101
 Posted: Aug 16, 2019 08:52
 Subject: Re: Advice requested for pricing parts
 Viewed: 54 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

divv101 (23)

Location:  United Kingdom, England
Member Since Contact Type Status
Sep 28, 2013 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Divvworld Bricks
In Price Guide, Minifigforlife writes:
  
  I have noticed that the parted out set's prices are 2-3 times the price of
MANY sellers in the UK.

I am not quite sure what you mean here.

Are the parts coming out at 2 to 3 times that of many sellers, when you are using
averages?
If so, this is going to be normal, averages are just that, average.

You could try and reduce some parts individually when you think you are expensive.
It's all relative. You decide yourself what to sell at. Buyers may want other
items in your store, so may not always check the prices of every part they want,
to see how well you are priced.


Thanks for your reply,

I understand and agree with what you are saying.

I wanted to keep the prices low as I have a lot of stock to sell.

It seemed too easy to part out a set of 300-400 pieces at an "average price"
and it is all done for you (compared to Ebay) but the one part price I did check
afterwards was 9th highest price of 10 sellers in the UK. If I have to check
every price of all the parts in that parted out 300-400 piece set defeats the
object of parting out that set Bricklink's way.

Hope that makes sense
 Author: Teup View Messages Posted By Teup
 Posted: Aug 16, 2019 09:53
 Subject: Re: Advice requested for pricing parts
 Viewed: 46 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Teup (4095)

Location:  Netherlands, Utrecht
Member Since Contact Type Status
May 6, 2004 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The T-workshop
In Price Guide, divv101 writes:
  In Price Guide, Minifigforlife writes:
  
  I have noticed that the parted out set's prices are 2-3 times the price of
MANY sellers in the UK.

I am not quite sure what you mean here.

Are the parts coming out at 2 to 3 times that of many sellers, when you are using
averages?
If so, this is going to be normal, averages are just that, average.

You could try and reduce some parts individually when you think you are expensive.
It's all relative. You decide yourself what to sell at. Buyers may want other
items in your store, so may not always check the prices of every part they want,
to see how well you are priced.


Thanks for your reply,

I understand and agree with what you are saying.

I wanted to keep the prices low as I have a lot of stock to sell.

It seemed too easy to part out a set of 300-400 pieces at an "average price"
and it is all done for you (compared to Ebay) but the one part price I did check
afterwards was 9th highest price of 10 sellers in the UK. If I have to check
every price of all the parts in that parted out 300-400 piece set defeats the
object of parting out that set Bricklink's way.

Hope that makes sense

Basically what you're saying is you'd like a local priceguide?

Not saying it's a bad idea, but is price level of parts in the UK really
that different from the rest of the world? I never felt like I really needed
that feature (though I see how it can be handy).
 Author: yorbrick View Messages Posted By yorbrick
 Posted: Aug 16, 2019 11:03
 Subject: Re: Advice requested for pricing parts
 Viewed: 46 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

yorbrick (683)

Location:  United Kingdom, England
Member Since Contact Type Status
Apr 11, 2011 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Yorbricks
In Price Guide, divv101 writes:
  In Price Guide, Minifigforlife writes:
  
  I have noticed that the parted out set's prices are 2-3 times the price of
MANY sellers in the UK.

I am not quite sure what you mean here.

Are the parts coming out at 2 to 3 times that of many sellers, when you are using
averages?
If so, this is going to be normal, averages are just that, average.

You could try and reduce some parts individually when you think you are expensive.
It's all relative. You decide yourself what to sell at. Buyers may want other
items in your store, so may not always check the prices of every part they want,
to see how well you are priced.


Thanks for your reply,

I understand and agree with what you are saying.

I wanted to keep the prices low as I have a lot of stock to sell.

It seemed too easy to part out a set of 300-400 pieces at an "average price"
and it is all done for you (compared to Ebay) but the one part price I did check
afterwards was 9th highest price of 10 sellers in the UK. If I have to check
every price of all the parts in that parted out 300-400 piece set defeats the
object of parting out that set Bricklink's way.

Hope that makes sense

What average are you using - 6 months sold or currently listed? One tells
you the average for items that have sold, the other for items that are as yet
unsold. There is also a difference between averaging by order and by qty sold.
 Author: Rakali View Messages Posted By Rakali
 Posted: Aug 16, 2019 12:23
 Subject: Re: Advice requested for pricing parts
 Viewed: 59 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Rakali (1202)

Location:  United Kingdom, England
Member Since Contact Type Status
Nov 29, 2003 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Cavern - NO PAYPAL FEE
I find that the price guide is often inflated by those stores that sell parts
for 10x the realistic market price and somehow still get orders.

On the other hand, you don't always need to be the cheapest to make sales,
that's just a race to the bottom. Quantity and variety play a bigger part.
 Author: Adjour View Messages Posted By Adjour
 Posted: Aug 18, 2019 01:08
 Subject: Re: Advice requested for pricing parts
 Viewed: 63 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Adjour (453)

Location:  USA, California
Member Since Contact Type Status
Aug 1, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: The Chili is a Bit Spicy
In Price Guide, Rakali writes:
  I find that the price guide is often inflated by those stores that sell parts
for 10x the realistic market price
and somehow still get orders.


Variety. It wins over price for some customers. Paying repeated shipping is not
cheaper than buying a part at a "high" price.
 Author: Sadler_Bricks View Messages Posted By Sadler_Bricks
 Posted: Sep 12, 2019 03:21
 Subject: Re: Advice requested for pricing parts
 Viewed: 35 times
 Topic: Price Guide
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Sadler_Bricks (9)

Location:  USA, Washington
Member Since Contact Type Status
Jul 15, 2019 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Sadler_Bricks
As a new seller myself but not new to Lego or selling but I will say that
it can be competitive I try and generally have lower prices as I build up new
parts for the store and iver time you will see more sales just depends what people
are looking for too another key factor is people do like variety. Price and decent
to great ship times some store have lots of fees and that could be a turn off.
As for me I keep it simple in my store while it's still growing I offer low
to fair prices new product every week and only fees I charge is shipping

Sadler_Bricks