Lowballers and Resellers

[ct_rider]

6 hours ago, betaboy said:

Looks like this tube will never stop getting punctures… we just keep knocking it into the same pothole and it’s not even Friday. 🙉

We running tubeless, hakuna matata

[Super Sywurm]

11 hours ago, JOBURG BIKES said:

Private sellers always think their Bikes are worth way more then what they actually are. 

They forget the costs involved to get the bikes in good running condition and think we are just lowballing.

Replacing Cassettes, chainrings, buckled wheels etc.. can rack up costs and sometimes even cause a loss and this is all hard work.

We also offer a convenient service, instead of dealing with all the scammers out there.

My bike, my price.  Take it or leave it.

[Jimmy 2.0]

11 hours ago, JOBURG BIKES said:

Private sellers always think their Bikes are worth way more then what they actually are. 

They forget the costs involved to get the bikes in good running condition and think we are just lowballing.

Replacing Cassettes, chainrings, buckled wheels etc.. can rack up costs and sometimes even cause a loss and this is all hard work.

We also offer a convenient service, instead of dealing with all the scammers out there.

although you're right but not every bike needs a major overall. You've offered me 50% less of what i was wanting on a road bike that was in borderline brand new condition and priced competitively (dont argue with me on this as i work in the industry and the bike sold in less than a week at the price i wanted). at the same time you're being annoying and insulting when you keep low balling over and over on every decent bike that is for sale

[Jimmy 2.0]

These people/ resellers are actually ruining the second hand bicycle market. Every well priced bike gets purchased, goes get washed and then put up for sale at 20% min markup. 

This slowly makes the 2nd hand market overpriced and in the long run starts making an already expensive sport even less accessible to the "bellow average Joe" and as there is no longer a bargain if you keep you're eye open either don't get started or leave the sport.

[Mike Dewing]

34 minutes ago, Super Sywurm said:

My bike, my price.  Take it or leave it.

It’s the lowball offers and desperate sellers that tank the price in the first place🤷🏼‍♂️

[bleedToWin]

3 hours ago, Super Sywurm said:

My bike, my price.  Take it or leave it.

Actually how it works is:

Your bike, your price on the listing
Their interest, their offer
You are then the one to take it or leave it, with "it" being the offer

No need to get annoyed when you don't take an offer. I've replied a simple "no thanks" to offers and ignored repeat offers. Do you guys also start threads to complain about spam emails? It's not a phone call it shouldn't be a big deal to receive an offer.

Edited April 8 by bleedToWin

[Mike Dewing]

8 hours ago, ct_rider said:

Dura-Ace 🤣

Hahahah yaaa Game Set match.. I’ll maybe give them a chance to try again later..

 

but probably not🤘🏻☠️👍🏻

[ct_rider]

9 minutes ago, Mike Dewing said:

Hahahah yaaa Game Set match.. I’ll maybe give them a chance to try again later..

 

but probably not🤘🏻☠️👍🏻

Well, silence is passive acceptance or agreement with without any objection 🤷‍♂️ 

[Mike Dewing]

1 minute ago, ct_rider said:

Well, silence is passive acceptance or agreement with without any objection 🤷‍♂️ 

The attempt was Feeble at best.. rather should have adopted that silence earlier me thinks.. 😳🤣

[martinh]

1 hour ago, bleedToWin said:

Actually how it works is:

Your bike, your price on the listing
Their interest, their offer
You are then the one to take it or leave it, with it being the offer

No need to get annoyed when you don't take an offer. I've replied a simple "no thanks" to offers and ignored repeat offers. Do you guys also start threads to complain about spam emails? It's not a phone call it shouldn't be a big deal to receive an offer.

Agreed. I dont understand why people get offended by low ball offers, especially BikeMarket. 

They run a business. They can't pay your listing price and sell it for more. 

[RobynE]

I think it’s more about the low, low ball offers. Eg bike in good nic (according to owner) and priced market-related, then a big dealer comes in and offers 30% of the asking price. So let’s say a 3 year old bike with a new price of 40k, seller offers it at 20k, dealer comes in with an offer at 5-10k. 

But, willing buyer willing seller and clearly there are many people willing to sell at the offered price as BM and other dealers aren’t running low on stock from what I can see.

If you’re desperate to sell (for whatever reason) you’ll take what is offered, and yes, not having to deal with potential scammers (I have had scammers try on everything I’ve ever loaded on FB Marketplace) may be worth the knock if you need it to be.

Dealers also sell the bikes with some sort of guarantee, which increases their risk. I think it’s a win some lose some for dealers but you need to be able to win a lot to cover rent, utilities, staff, etc, if you intend on moving volumes. 

But again - willing buyer, willing seller. If you low ball me and I don’t bite, neither of us are willing 😁 

[Shebeen]

16 minutes ago, martinh said:

Agreed. I dont understand why people get offended by low ball offers, especially BikeMarket. 

They run a business. They can't pay your listing price and sell it for more. 

Because it's spam.

They just play shotgun by offering peanuts and hope something sticks*. 

 

Case in point - bike advertised for R36k, didn't sell, so relisted at R32k and sold for R30k.

within 30 minutes bikemarket offered a limited time offer of R13k5 and second time R12k.

Now I wonder, who knows the market better, me or the "professional resellers"? I don't know what their listing price would have been.

 

*where the real irritation comes is that they have jumped into bikehub and with a dedicated person watching the classifieds, they snap up the bargains before joe public can jump in. flipping it for a tidy profit doesn't really add any value most of the time. but this ship sailed a long time ago.

[Shebeen]

25 minutes ago, RobynE said:

I think it’s more about the low, low ball offers. Eg bike in good nic (according to owner) and priced market-related, then a big dealer comes in and offers 30% of the asking price. So let’s say a 3 year old bike with a new price of 40k, seller offers it at 20k, dealer comes in with an offer at 5-10k. 

But, willing buyer willing seller and clearly there are many people willing to sell at the offered price as BM and other dealers aren’t running low on stock from what I can see.

If you’re desperate to sell (for whatever reason) you’ll take what is offered, and yes, not having to deal with potential scammers (I have had scammers try on everything I’ve ever loaded on FB Marketplace) may be worth the knock if you need it to be.

Dealers also sell the bikes with some sort of guarantee, which increases their risk. I think it’s a win some lose some for dealers but you need to be able to win a lot to cover rent, utilities, staff, etc, if you intend on moving volumes. 

But again - willing buyer, willing seller. If you low ball me and I don’t bite, neither of us are willing 😁 

Has anyone ever gone to their physical store and tried to lowball them? Take R5k hard cash, lay it on the workshop counter and start the chat over the Cannondale they have with a R20k sticker on it. and then get all antsy when they shake their heads.

 

 

 

[ChrisF]

19 minutes ago, Shebeen said:

Has anyone ever gone to their physical store and tried to lowball them? Take R5k hard cash, lay it on the workshop counter and start the chat over the Cannondale they have with a R20k sticker on it. and then get all antsy when they shake their heads.

 

 

 

 

Sadly THIS is an all too common practice now.  Well, not the R5 on the counter, but a series of emails ... "match this offer" ... nope, "IMPROVE on this offer" .... and tomorrow yet another email from the same person, now wanting a discount on the discount of yesterday's discount ...

 

Tyre kicking and a handshake seems a thing of the past .....

[betaboy]

7 minutes ago, ChrisF said:

 

Sadly THIS is an all too common practice now.  Well, not the R5 on the counter, but a series of emails ... "match this offer" ... nope, "IMPROVE on this offer" .... and tomorrow yet another email from the same person, now wanting a discount on the discount of yesterday's discount ...

 

Tyre kicking and a handshake seems a thing of the past .....

Can’t tire kick anymore, have you seen the price of new rubbers! 😜 however I can do the handshake if you’ve sanitised and voted for Action SA. 😂

[bleedToWin]

32 minutes ago, Shebeen said:

Case in point - bike advertised for R36k, didn't sell, so relisted at R32k and sold for R30k.

Humour me this.  

Your fair sale of 30k was possible because a few sellers sold similar bikes for a too low price (their reasons should not matter to you) and resellers then flipped it for profit. The free market was able to reflect fair price for similar goods and your buyer was willing to part with 30k for your bike.

This benefit was awarded to you for the low low low price of ignoring two offers from one of the resellers.