Hello, I have seen on the forum that there is talk about people who inflate the
prices of the sets and how to set the prices of your products in your store.
I have always looked at the sales price of the last 6 months, setting the filter
to my area (Europe in my case), but most of my store is pieces for sale, I do
not plan to sell sets.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
thank you.
Note: there is always a piece that I think is much above or below what it should
cost, in this case I try to set a price that I think is reasonable.
Hello, I have seen on the forum that there is talk about people who inflate the
prices of the sets and how to set the prices of your products in your store.
I have always looked at the sales price of the last 6 months, setting the filter
to my area (Europe in my case), but most of my store is pieces for sale, I do
not plan to sell sets.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
thank you.
Note: there is always a piece that I think is much above or below what it should
cost, in this case I try to set a price that I think is reasonable.
Six month sold prices tell you what things have recently sold for. For sale prices
tell you what prices people are trying to sell things for. It is up to you which
you use. Sold prices are more realistic especially for common parts. Whereas
higher value parts, you might want to do individual searches to check.
Hello, I have seen on the forum that there is talk about people who inflate the
prices of the sets and how to set the prices of your products in your store.
I have always looked at the sales price of the last 6 months, setting the filter
to my area (Europe in my case), but most of my store is pieces for sale, I do
not plan to sell sets.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
thank you.
Note: there is always a piece that I think is much above or below what it should
cost, in this case I try to set a price that I think is reasonable.
Six month sold prices tell you what things have recently sold for. For sale prices
tell you what prices people are trying to sell things for. It is up to you which
you use. Sold prices are more realistic especially for common parts. Whereas
higher value parts, you might want to do individual searches to check.
Thank you very much for the advice. I always try to keep prices as realistic
as possible, even a little lower. I don't intend to make money from this,
but I don't intend to lose it either. I simply have it as a hobby with which
I can earn some extra money.
Hello, I have seen on the forum that there is talk about people who inflate the
prices of the sets and how to set the prices of your products in your store.
I have always looked at the sales price of the last 6 months, setting the filter
to my area (Europe in my case), but most of my store is pieces for sale, I do
not plan to sell sets.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
thank you.
Note: there is always a piece that I think is much above or below what it should
cost, in this case I try to set a price that I think is reasonable.
Six month sold prices tell you what things have recently sold for. For sale prices
tell you what prices people are trying to sell things for. It is up to you which
you use. Sold prices are more realistic especially for common parts. Whereas
higher value parts, you might want to do individual searches to check.
A mindset that's fascinating to me: Profit/Bad, unless you're a pure
of heart hobbyist, then it's somehow not a question of greed
I always try to keep prices as realistic as possible, even a little lower.
So you'd like to drive prices down for others within the marketplace to deal
with? And "realistic" is another interesting term as applied to the ever
shifting market values
I don't intend to make money from this, but I don't intend to lose it either.
Must be some magically realm, elusive and only found in some minds Sell for
as much as the market within your region and timeframe, allows. You can then
as a "hobbyist" use the optimum profit to further feed your hobby. Keeping
the market that supplies that hobby, vibrant and strong.
I simply have it as a hobby with which I can earn some extra money.
Careful, earning money "extra" or not, leads to profiting from sales
Tongue-in-cheek, but the gist is not to place misguided morality into the question.
Commerce between individuals, guided by profit, is an activity that's
historically been very beneficial to civilization. A good thing, iow.
You can always forego profit and donate to those who can't afford LEGO for
their children. The reverse side of the same coin. We do it every year with a
family homeless shelter.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
Completely ignore the price guide.
Selling price should be set on your buying cost + margin.
Thanks for responding. The problem is that most of the pieces I have are from
disassembled sets that I had when I was little and I don't have a real cost.
So the only basis I have found is the price guide.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
Completely ignore the price guide.
Selling price should be set on your buying cost + margin.
Thanks for responding. The problem is that most of the pieces I have are from
disassembled sets that I had when I was little and I don't have a real cost.
So the only basis I have found is the price guide.
Simply set average price guide, then select all, adjust price guide to say -30%
and then you're average - 30% (for example).
You can correct a couple of items especially when the price guide's crazy
or there are only few parts available and set individual specific prices for
them.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
Completely ignore the price guide.
Selling price should be set on your buying cost + margin.
Thanks for responding. The problem is that most of the pieces I have are from
disassembled sets that I had when I was little and I don't have a real cost.
So the only basis I have found is the price guide.
Simply set average price guide, then select all, adjust price guide to say -30%
and then you're average - 30% (for example).
Ok, well I'm going to investigate how to do what you recommend. thank you
so much.
You can correct a couple of items especially when the price guide's crazy
or there are only few parts available and set individual specific prices for
them.
So do you think that in the case of parts it is good to look at the average sales
price of the last 6 months or is it better to look at other methods?
Completely ignore the price guide.
Selling price should be set on your buying cost + margin.
Thanks for responding. The problem is that most of the pieces I have are from
disassembled sets that I had when I was little and I don't have a real cost.
So the only basis I have found is the price guide.
Simply set average price guide, then select all, adjust price guide to say -30%
and then you're average - 30% (for example).
Ok, well I'm going to investigate how to do what you recommend. thank you
so much.
You can correct a couple of items especially when the price guide's crazy
or there are only few parts available and set individual specific prices for
them.
Spain, Catalonia
United Kingdom, England
USA, Washington
France, Provence-Alpes-Côte d'Azur