Need Help Pricing

[travis23]

Hey guys, so I need some help with pricing.  I purchased everything in the Spring of this year, and everything is still basically new and has been cleaned and oiled/greased regularly.  I have a 7'6" MH Veritas/RevoSX 7:1, 7' M/6:4 Quantum Vantex (combo), 7' MH/7:1 Abu Garcia ProMax(combo). and a 7'1" M Abu Garcia Villain rod.  I need to sell these in order to help out with Christmas gifts for the kids, but I'm not sure how well value holds on rods and reels. 

 

The Villain rod was purchased 6 weeks ago and I have only caught 3 fish with it.  And everything is great cosmetically!

 

 

 

[roadwarrior]

Generally, 60% of retail.

[travis23]

Wow, I thought a little more. I hate to sell because I have spent so much this year trying to get ready for my first full year of tournaments. But it's like that sometimes, thanks.

[kickerfish1]

60% is way to steep unless the items show signs of heavy usage or seem to be slightly damaged. A good example would be a shimano chronarch 50e. Retail is $200. They often sell between $140-$160 on most forums in good to excellent condition. That would be about 20-30% off full retail price. I personally have never seen one ever go for under $100 unless there is something significantly wrong.

Plus you have shipping costs, and for rods you can generally count on an extra $20-30 depending upon weight and legnth as well as destination distance.

To be honest check around on eBay to see what the items you have are going for. Figure the best price people will usually get on any new items is 20-30% off during holiday sales, though closeouts, and store specials could be discounted more like a display model. You will need to price your item at least at this level to draw interest IMO.

Lastly evaluate the cosmetic appeal of the item you are selling as well as the functional or mechanical condition as well. Are the guides straight and in good shape, is there damage to the blank or epoxy? Have the reels been cleaned or serviced recently and if not are there any issues with the performance of such item that the buyer would need to know about.

When it is all said and done it will really depend upon condition, perceived value of any items, sellers history, and to an extent rarity. If it were me you can probably start a reel that retails for $100 at anywhere between $60-70 off it is in good condition. Then maybe do a price drop if needed.

There really is no set pricing structure so don't be unreasonable but at the same time don't sell it below a level you are uncomfortable with if you don't have to. Describe the items as best you can and either post pictures of the items or offer to send pictures to an interested parties email.

This is the general philosophy I live buy when buying and selling online.

[rippin-lips]

This is the problem I run into. Not exactly sure what things are worth. Reels it's not so bad because shipping is $10 max usually but for rods it's terrible. $125 rod and you ask $100 shipped. When it's over I get $70 for what I paid $125 for. I'd rather just keep it honestly.

[Loop_Dad]

60% is way to steep unless the items show signs of heavy usage or seem to be slightly damaged. A good example would be a shimano chronarch 50e. Retail is $200. They often sell between $140-$160 on most forums in good to excellent condition. That would be about 20-30% off full retail price. I personally have never seen one ever go for under $100 unless there is something significantly wrong.

Plus you have shipping costs, and for rods you can generally count on an extra $20-30 depending upon weight and legnth as well as destination distance.

To be honest check around on eBay to see what the items you have are going for. Figure the best price people will usually get on any new items is 20-30% off during holiday sales, though closeouts, and store specials could be discounted more like a display model. You will need to price your item at least at this level to draw interest IMO.

Lastly evaluate the cosmetic appeal of the item you are selling as well as the functional or mechanical condition as well. Are the guides straight and in good shape, is there damage to the blank or epoxy? Have the reels been cleaned or serviced recently and if not are there any issues with the performance of such item that the buyer would need to know about.

When it is all said and done it will really depend upon condition, perceived value of any items, sellers history, and to an extent rarity. If it were me you can probably start a reel that retails for $100 at anywhere between $60-70 off it is in good condition. Then maybe do a price drop if needed.

There really is no set pricing structure so don't be unreasonable but at the same time don't sell it below a level you are uncomfortable with if you don't have to. Describe the items as best you can and either post pictures of the items or offer to send pictures to an interested parties email.

This is the general philosophy I live buy when buying and selling online.

 

x2. Totally agreed.

[skeletor6]

Kickerfish is right. That 60% seems low, but by the time you factor in paypal costs, shipping costs, etc. It ends up that way. With retailers giving discounts, the items are worth significantly less than what they are sold and bought at MSRP + Tax. You might drop $200 in a store, but the same item can be bought for $160, then factor in that its used, your now at $120-$140.

 

With that being said, unless your in quick need of money. You can always try 75% and put OBO. See if you can stretch it out a little. However, at this time of the year, its really a buyers market. Fishing stalls in the north for most, and demand decreases. Also, retailers are offering holiday sales. Best bet would be to wait until spring.

[CWB]

I think RW said 60% of retail, not off retail. I think either way its low depending on what you are selling. I got lucky and got a couple Curado 50E's before they were discontinued for $99.99 each. Now you will be hardpressed to find one under $125.00. It all depends on what your selling and the condition. Out of what you list, the Veritas, Revo, and Villain will draw some interest. See what they are selling for on Ebay. You can ask what you think is appropriate and may or may not get it or get some offers.

[curtis9]

I think RW said 60% of retail, not off retail. I think either way its low depending on what you are selling. I got lucky and got a couple Curado 50E's before they were discontinued for $99.99 each. Now you will be hardpressed to find one under $125.00. It all depends on what your selling and the condition. Out of what you list, the Veritas, Revo, and Villain will draw some interest. See what they are selling for on Ebay. You can ask what you think is appropriate and may or may not get it or get some offers.

 

The 50E retailed for $199, so following the 60% rule of thumb puts it about $120.

[CWB]

The 50E retailed for $199, so following the 60% rule of thumb puts it about $120.

I recall retail was $159.99. To $169.99. Used ones currently sell for &120.00 to $150.00. A few on Ebay listed as new north of $200.00 same with 200E. I recall these retailed at the same $159.99 to $169.99 and now go for more than that if you find a new one and close to that used. Point is, there is no set rule for pricing. These are in demand and will command a higher price. You can find items for 60% of new and you can find items for 100% or more of new. Depends what it is. If you find a 50E for $120.00 in real good shape, I would snap it up.

[curtis9]

I think retail on the 200e was 179 and the 50e was 199.

[J Francho]

Hold on to the rods - resale value of rods isn't that strong, and add in the shipping, it becomes a no win.  They are expensive to replace as well.  Reels, on the other hand, if well maintained and in good condition can command upwards of 80% of their purchase price.  Like anything, some have better resale value than others.  I suggest doing an advanced search on eBay of "completed" auctions for the exact reel models you intend to sell.  This will give you an idea of what people are paying for used gear, not what is being offered.

[ww2farmer]

IMHO, you practicality have to give used rods away. I have a used legend tournament for sale right now on the flea market, granted, it's a technique specific rods that a lot of people might not be in the market for, but even asking 50% of what a new one costs, I am not getting any offers.