Posts: 2,247
Threads: 200
Joined: Jun 2005
I am not a salesman (I studied engineering) but have observed over the years that some people sell at outrageous prices (here and on Amazon) based on (at least) of the following approaches:
1. High price says it's worth something and will appeal to buyers with big egos for whom money means nothing.
2. The seller has nothing to lose (or so he thinks) by asking a high price. Someone, some day, will bite!!
The above lines of thinking are detached from smart marketing that taps into supply and demand strategies. Instead such sellers are looking for the one buyer who clicks the BIN button and pays.
Namir