Discussion Forum: Thread 287802

 Author: WakkWakkWakk View Messages Posted By WakkWakkWakk
 Posted: Apr 8, 2021 10:15
 Subject: Am I Overpriced or Cheap?
 Viewed: 155 times
 Topic: Price Guide
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WakkWakkWakk (3)

Location:  Canada, Alberta
Member Since Contact Type Status
Jan 13, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Brick Skies
Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks
 Author: psusaxman2000 View Messages Posted By psusaxman2000
 Posted: Apr 8, 2021 10:38
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 63 times
 Topic: Price Guide
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psusaxman2000 (120)

Location:  USA, Pennsylvania
Member Since Contact Type Status
Apr 19, 2020 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Bricktopulous
In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks

Just looking at a handful of your Sets that you have available, you are priced
above the current "sold" six month average. Pricing off the available, IMO,
isn't the way to price your goods especially if you are extremely small and
just starting out. The "available" pricing is essentially what is left which
is why it is typically higher than the sold average.

The other thing if you are trying to get started and looking to attract buyers
is to get a bigger selection. Currently your selection is small and most if
not all of what you have from a parts perspective it extremely generic and widely
available. This isn't really going to get you to show up in many searches.

Good Luck
 Author: WakkWakkWakk View Messages Posted By WakkWakkWakk
 Posted: Apr 8, 2021 11:00
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 38 times
 Topic: Price Guide
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WakkWakkWakk (3)

Location:  Canada, Alberta
Member Since Contact Type Status
Jan 13, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Brick Skies
In Price Guide, psusaxman2000 writes:
  In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks

Just looking at a handful of your Sets that you have available, you are priced
above the current "sold" six month average. Pricing off the available, IMO,
isn't the way to price your goods especially if you are extremely small and
just starting out. The "available" pricing is essentially what is left which
is why it is typically higher than the sold average.

The other thing if you are trying to get started and looking to attract buyers
is to get a bigger selection. Currently your selection is small and most if
not all of what you have from a parts perspective it extremely generic and widely
available. This isn't really going to get you to show up in many searches.

Good Luck

Thanks for the advice
 Author: wendybrowne View Messages Posted By wendybrowne
 Posted: Apr 8, 2021 11:24
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 51 times
 Topic: Price Guide
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wendybrowne (239)

Location:  USA, California
Member Since Contact Type Status
Jan 5, 2015 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Lozza Bricks
hi,
I think your prices are fine, and you have some very cool parts!
just my 2 cents.



In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks
 Author: WakkWakkWakk View Messages Posted By WakkWakkWakk
 Posted: Apr 8, 2021 11:54
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 39 times
 Topic: Price Guide
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WakkWakkWakk (3)

Location:  Canada, Alberta
Member Since Contact Type Status
Jan 13, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Brick Skies
In Price Guide, wendybrowne writes:
  hi,
I think your prices are fine, and you have some very cool parts!
just my 2 cents.



In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks

Thanks for the feedback
 Author: 7StarMantis View Messages Posted By 7StarMantis
 Posted: Apr 8, 2021 13:20
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 38 times
 Topic: Price Guide
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7StarMantis (16)

Location:  USA, Connecticut
Member Since Contact Type Status
May 4, 2020 Contact Member Buyer
Buying Privileges - OK
In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks

Hi, I looked over the prices of bricks I usually buy and I think you are on the
cheaper end.

What I have seen most stores do is have a mix of price points. Some pieces are
one of the best deals on bricklink, others are on the more expensive side.

Some people sell a lot of bricks on the more expensive side, mainly because they
have a large inventory and can sell 100-400 at a time.

When putting together sets piece by piece, I have bought pieces above the average
rate because I was trying to minimize the number of stores I was ordering from.
So I ended up with a mixture of expensive and cheap pieces.

I also noticed that some people jack up their prices really high, then announce
a 25 to 50% sale. Checking their prices, a 50% sale can bring them to the average
market rate for some blocks. The sale may lure people in, particularly if it
yields a good deal on some bricks despite others being a rip off.

I'd look at MOCs to see what people are interested in building and make some
good deals on some of those pieces. Parting out sets and selling the minifigs
is also a great way to acquire large amounts of bricks. Mos Eisley minifigs
go for about $300 for the whole set on bricklink. Assuming you sold all of them
for that amount, that means you got 3,000 bricks for $50. Someone interested
in making a custom Jabba palace or larger Mos Eisley would probably be looking
for those bricks and you got them for one and a half cents each brand new. The
Mos Eisley bricks may be more desirable as compared to the bulk Lego Classic
1,500 piece sets going for $60 and $45 on sale. A youtube video of a guy who
built a 25,000 piece light blue gray castle said that he got his bricks from
buying Lord of the Rings Sets and selling the minifigs. He said he basically
got the bricks for free from doing it this way.
 Author: WakkWakkWakk View Messages Posted By WakkWakkWakk
 Posted: Apr 8, 2021 13:59
 Subject: Re: Am I Overpriced or Cheap?
 Viewed: 34 times
 Topic: Price Guide
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WakkWakkWakk (3)

Location:  Canada, Alberta
Member Since Contact Type Status
Jan 13, 2021 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store: Brick Skies
In Price Guide, 7StarMantis writes:
  In Price Guide, WakkWakkWakk writes:
  Hi I change some of my prices and I was wondering If my parts are too expensive
or too cheap. I was also wondering if anyone got any advice for my store. Thanks

Hi, I looked over the prices of bricks I usually buy and I think you are on the
cheaper end.

What I have seen most stores do is have a mix of price points. Some pieces are
one of the best deals on bricklink, others are on the more expensive side.

Some people sell a lot of bricks on the more expensive side, mainly because they
have a large inventory and can sell 100-400 at a time.

When putting together sets piece by piece, I have bought pieces above the average
rate because I was trying to minimize the number of stores I was ordering from.
So I ended up with a mixture of expensive and cheap pieces.

I also noticed that some people jack up their prices really high, then announce
a 25 to 50% sale. Checking their prices, a 50% sale can bring them to the average
market rate for some blocks. The sale may lure people in, particularly if it
yields a good deal on some bricks despite others being a rip off.

I'd look at MOCs to see what people are interested in building and make some
good deals on some of those pieces. Parting out sets and selling the minifigs
is also a great way to acquire large amounts of bricks. Mos Eisley minifigs
go for about $300 for the whole set on bricklink. Assuming you sold all of them
for that amount, that means you got 3,000 bricks for $50. Someone interested
in making a custom Jabba palace or larger Mos Eisley would probably be looking
for those bricks and you got them for one and a half cents each brand new. The
Mos Eisley bricks may be more desirable as compared to the bulk Lego Classic
1,500 piece sets going for $60 and $45 on sale. A youtube video of a guy who
built a 25,000 piece light blue gray castle said that he got his bricks from
buying Lord of the Rings Sets and selling the minifigs. He said he basically
got the bricks for free from doing it this way.

Thanks for the Info