After a recent Immersion Workshop, someone asked: What do we do when the customer comes back saying that we were not selected because our price was too high? Excellent question! Facebook ads are such a cost-efficient way to promote your business that its worth all of the fails in the end. It doesn't allow me to post. You lose credibility. He had the gall to message me at 3am (waking me up in the process) to offer me 15% of my asking price. There are two potential scenarios to consider. Profitable cancer. Tell me what magical land you live in which your local FB marketplace buyers are literate!?! Price your item at the high end, but be open to negotiation. Demonstrate that you are always looking out for the clients best interest. The selection committee picks another company because they thought your friends presentation was horrible. Just put it for $1 and insert the real price in the description. People disgust me. Facebook sucks. These problems have been reported so many times on their support forum 2-3 years ago yet they still exist today. Your candor will get noticed, and in most cases rewarded. Try posting then raising price? When do you see clients doing things that are not in their best interest? Is it because they pay for listings? You failed to engage the customer in a discussion about their past experiences in similar projects. Marketplace by Facebook was first introduced in the year 2016 as a safe way for Lets start by understanding what the client might really mean when your client says Your price is too high.. Second, the client has another reason why they selected the other vendor; however, they thought saying, Your price is too high would be more polite than telling you the real reason. All day/everyday. ^ This should be part of the resellers 10 commandments. Press J to jump to the feed. There are many problems with the platform and it pisses me off. After seeing your high-priced home, buyers may be eager to get the better-value house nearby even if they liked your home better. I tried looking up error correction and apparently thousands of people have had this same issue for years and facebook has never given a response. The key, however, is to make an honest assessment. Unfortunately, you need to recognize that rarely will another vendor offer the exact same solution as you. report. Nobody will pay you more than the listed price, but plenty of people will try to negotiate via Facebook Marketplace's But yea, FB is trash. Once your vehicle is listed on Marketplace, people can message you to learn more about it. Fbm to source goods? Narang said he hasn't seen this particular scam before. Tap Post when you're done. Would you be upset if we declined to participate? You might be surprised at how quickly you get invited to the party for the next opportunity. 88% Upvoted. Example: It says a 90-94 Subaru legacy is worth $500 bucks high end in my region when in fact they sell for $2500 regularly and even higher before winter. Log into Facebook to start sharing and connecting with your friends, family, and people you know. So, you reinforced the customers initial belief that you were just selling a commodity. Three months later, it was still 9% higher than the $330 tweet-price. Of course. New comments cannot be posted and votes cannot be cast. Tap Next when you're done. Initially, I thought selling items on Facebook would be like yard-saling where people always try Then it will get flagged for inaccurate description. Opinions expressed by Forbes Contributors are their own. Buyers are savvy. For 90% of advertisers, this is a great option as it ensures that your bid price will never be set too low (and under deliver). Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed Published Mon, Jan 11 2021 1:19 PM EST Updated I had a similar issue where it would keep changing my title from my custom title to whatever KBBs title was for the car. Its like a worst version of net neutrality being repealed. Unless you are selling a drop-shipped commodity, there is always room for differentiation. Find great deals on new items shipped from stores to your door. You need to find the right balance, though: If you price items too low, you can get too many people messaging you, which means you could have priced your item $10 to $20 higher and would still have interest, Kayley says. Why wasnt I picked? Not many people would say, We thought you sucked. Alternatively they might say to the friend, We selected another vendor who the committee thought was a better value., Many a white lie has been said to spare the vendors feelings. In the past few months, Facebook Marketplace users have reported reeling in dread having been locked out of their accounts due to a major glitch in the system. Tesla CEO Elon Musk apparently said Friday morning on Twitter that his company's stock price is "too high," and he appeared to criticize government-ordered shutdowns due to the coronavirus. Of course you cannot. Luckily, going public with a furniture breakup on Facebook can be financially beneficial with Facebook Marketplace. Choose where you want to post your listing, such as your profile or other buy-and-sell groups on Facebook. In most cases, we discover that companies win less than 5% of pursuits they chase without prior customer interaction. Internet Comment of the Day, February 2, 2020. 40 comments. It will cost to post there, just for the record. Does anyone know how to fix or bypass that? Budget Busting . I recently got talked in to using FBM again for local <$300 items by a good full time reseller friend of mine. Are you fucking kidding me? Another friend of mine sold her entire living room furniture set through the Facebook marketplace, and used that money to put toward her new set. This may be a work-around for some sort of max price in Facebook Marketplace. Or price with $1 then put price in description? In many cases, the seller is the one who frames the discussion about price. Sure, I may be open to wiggle a little on price, but there is no way in hell I'm going to agree to a lower price BEFORE you even bother to come test drive it. I promise that it is almost neverabout price. Press alt + / to open this menu alt + / to open this menu 4 Ways You Should Respond Published on July 24, 2017 July 24, 2017 327 Likes 29 Comments Maintain Consistency. I tried selling my truck on marketplace, but it says my price is too high compared to other post, so its not letting me post it. You may opt-out by. Ian Altman is a B2B Integrity-based sales and growth expert, The Leukemia & Lymphoma Society BrandVoice, Sexual Orientation Is Preventing Same-Sex Couples Access To IVF In England, The Compelling Case For Patents: Dominate Your Industry And Stand Out, An Unexpected Success Story: How A Small Town Boy Created (And Sold) A Large Biotech Firm, The 53 Lessons I Wished I Learned (And Embraced) Earlier In My Career, Journalist Uzay Bulut Unveils Turkeys Genocidal Past, Ongoing Human Rights Violations, Whats Next For J & Js Crisis Now That Their Covid Vaccine Can Be Given Again, The New Science Of Micro Self-Care: Solutions For Virtual Fatigue And Burnout Prevention, How To Network For Your Job Search And Not Appear Needy Or Greedy, you reinforced the customers initial belief that you were just selling a commodity, then make a decision to not bid those projects unless you can have a conversation with the customer, finding the right fit is more important that making the sale. Accessibility Help. Tesla shares did, But, if it is, here is what probably went wrong. If you do these things right, you just might become the vendor they all are hoping will win. The Facebook Marketplace. When you price too high, youre helping sell the other homes in the neighborhood that have listed for less, says Brad Chandler, a Virginia real estate agent. Your customers do, too. have to wonder if all of their buyers are illiterate. I Still Love Facebook Ads. Try to establish your own distinctive brand and style for the kind of products The one they hoped would win? Here are 10 tricks to help you track down the uber-bargains. A lot of people do this with big ticket items. List it as an item for sale rather than a vehicle, you may have to do it on desktop. I've literally never been able to sell a single item on marketplace. You jumped to what you were selling instead of focusing on the issue they needed to solve. At that point, many sellers will say, Maybe we can get you a better deal. What if instead you asked 0-10, how happy are you with the current provider? You can either provide a better outcome, or a better price. Well, Let's just go right on down to Kelly's store and buy the car there. If your prices are revealed openly, you are susciptible for your competito Press alt + / to open this menu alt + / to open this menu (Plus while the rest of this guide focuses on selling, it's still well worth a read for buyers too, as much of the info is still relevant.) If your asking price is too high, your home could sit on the market longer. share. "The trick is you just gotta have fun with the idiots", he said.. You did not share stories about issues other clients faced that you helped to solve. Can you post it for $1 and put the real price in the listing, or does FBMP tell you that's too low? During your research, pay careful attention to what people are charging for items similar to yours and price your items to stay competitive. And I respect this dude so much that I talked myself into throwing a half dozen appropriate items I had that weren't moving via other channels. Dont worry too much about setting a price thats on the low side, because in theory this will generate multiple offers and bid the price up to the homes actual market value. In short, you did not do anything to help you stand out from the competition. Does anyone know how to fix or bypass that? Sections of this page. I tried selling my truck on marketplace, but it says my price is too high compared to other post, so its not letting me post it. Tesla TSLA, -0.99% shares extended losses after his tweets and fell 10% to close at $701.32 Friday. If you think the number is greater than 10%, then you might be kidding yourself. 2017 Update on Facebook Marketplace Buying & Selling There's a local used car dealer here that lists on facebook. As agents or buyers flip through listings, they may simply ignore yours because the days on market is so high. Facebook Marketplace is a very unique and essential feature of Facebook for its daily users but many people seem to report it to be not working.Many reasons can be attributed to why Marketplace is not working, like your account age, your age or maybe marketplace is not supported in your country.. 2021 Forbes Media LLC. You just might learn that you are not the best alternative. Talk it over first. save. Marketplace was ok up until October 2017 wen all of a sudden my items are only getting one view I was selling from 2016 December Without any problems and now October 2017 no views on my items I can post all day on MARKET PLACE but no one can see my items, iv e reported plenty times to Facebook but all they say is thanks for the feedback we are working on fixing technical problem If youre thinking about launching a new product or just want to test out an 2. Enter a price for your vehicle (we'll suggest a price range based on similar items in your area). I'd rather starve. When have you gone from the outsider to the insider? You might be thinking, But it is a bidding situation. Facebook marketplace says my price is too high. So what should you do about it? It feels better as the seller to say, They undercut us than it feels to say, They outsold us.. The first thing is to make sure to talk about the price before sending the client they must be selling something over there because they have existed for at least a few years.I have to wonder if all of their buyers are illiterate. The longer it sits, the staler it becomes to the marketplace. I am an author, strategic advisor and internationally sought keynote speaker on integrity-based sales and business development. Imagine this example: You have a new project at your company. Make it clear that finding the right fit is more important that making the sale. Youre just quite a bit too high, they say, hoping to bluster their way out of the difficult situation. Several vendors bid on the project, including your friends company. You might ask your potential client how much they are paying their current provider. I typically set a minimum price at $100 to specifically filter out bozos who list items for $1. I host the weekly Same Side Selling podcast. By choosing Lowest cost bidding, youre allowing Facebook to choose the best price for your selected action and bid competitively. I got some free grapefruits today though, that was pretty great. Try changing it slightly. You may end up having to reduce the price sometimes more than once. As a services and technology CEO for two decades, I draw on years of success and research on how customers make decisions. See, clients are used to vendors insisting their solution is the best, even when it isnt. Lets start by understanding what the client might really mean when your client says Your price is too high. What Could Be Going On There are two potential scenarios to consider. Test Out New Products. Its pretty common for clients to give price as their reason for picking one vendor over another. Other times it will go live but then go unavailable at a random time and then go live again. But the stock jumped another 11% over the next month. All Rights Reserved, This is a BETA experience. Facebook The Facebook Marketplace is a great way to get rid of your old junk and make a few bucks or to pick up awesome finds at discounted prices. If they can do that, I wonder why you can't. In that case, let them know: In this situation, we may not be the best solution. If the number is less than 10%, then make a decision to not bid those projects unless you can have a conversation with the customer. . Tesla shares tank after Elon Musk tweets the stock price is 'too high' Published Fri, May 1 2020 11:16 AM EDT Updated Fri, May 1 2020 4:01 PM EDT Jessica Bursztynsky @jbursz "Who wouldnt want to get a pair of sunglasses, or in this case, crowdfunded prod I wrote a post last year about stretching a small business marketing budget and I still believe paying to play on Facebook is a must for everyone. Accessibility Help. Adding a bid cap, on the other hand, is a different case. First, you might actually provide the same thing as another vendor for a higher price. Without a better outcome, why would they switch to you other than price? I am an author, strategic advisor and internationally sought keynote speaker on integrity-based sales and business development. Press alt + / to open this menu alt + / to open this menu Delete Me. You can view the video clip from todays Indy Style segment and hear audio from B105.7 over on my media page. According to Forbes, 18 million items were posted for sale in the U.S. on Facebook Marketplace in May 2017. I was using offerup and letitgo almost exclusively, and in 4 days sold 5 things that I've been selling for 8 months. Accessibility Help. hide. But he says it's reminiscent of other scams involving knock-off products, like counterfeit Ray-Bans "Its hard to gauge the prevalence of this type of scam but it has been a tried and true staple for many years," he said. Too bad Facebook doesnt have a filter to ignore all ads set at $1234. Ask yourself what percentage of deals you win when you dont have a chance to discuss the project with the customer in advance. This is majorly because Facebook marketplace has a lot of competition with sellers showcasing similar products; customers tend to go to the seller who can offer them the best price. Can you provide the best advice to them if you have to respond without any additional information? Sometimes it takes 2-3 days for my post to go live. Why advertise crowdfunded products from sites such as Kickstarter and Indiegogo? Every car they post for sale is 30-40% higher than the maximum end of the KBB resale value range - facebook literally posts the information right under their silly asking price. Since 2016, the platform has steadily grown into a viable option for buying and selling used items. Sections of this page. Finally, there's the guy I wanted to punch in the face. Buy or sell new and used items easily on Facebook Marketplace, locally or from businesses. Sections of this page. Im covering this section just to be polite. Thanks. Sometimes a client simply hasnt thought through the combined costs, or the timing of costs, and the total picture ends up being out of sync with the reality of the their budget. "Your price is too high!" Fbm to sell goods? As a services and technology CEO for two. Local Facebook groups and Facebook Marketplace are brilliant ways to get quality, often little-used items for less. Thanks. If you have fallen victim to the Facebook Marketplace glitch, Facebook has addressed the issue to help locked out users The fix comes in less than 24 hours after submitting an appeal form.. I deliver an approach to selling everyone can embrace, even your customers. I wonder if it thinks your price is a made up number. Fight for that opportunity to speak with the customer. Fuuuuuuuckkk me I lasted maybe 36 hours tops before I thought I was going to have an aneurysm from all the illiterate hoople interactions I had. The shares had traded as high as $772.77 earlier in the session. It is in both your best interest and your clients that you ask thoughtful questions to determine if there is a fit between their situation and what you offer. A place to discuss tactics and success stories of buying things for a low price and selling them for a higher one. Your friend asks you, What happened? We didnt have access to anyone. When your organization was making a recent purchase with a bid process, did each member of your team have a favorite vendor? Press question mark to learn the rest of the keyboard shortcuts. If you are not the one they are hoping will win, someone else is. KBB is worthless. KBB is very similar to redfin or zillow, and about the only time you are going to get KBB is when you are trading in a vehicle.

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