What the Heck is Market Price?

[brock lesser]

Everyone will set their own "market value " based on their own needs,
wife wants a new couch, water pump go out, bills to pay, got ten more pied males at home?
All this and more will set your price, not Tom, Richard or Harry at the table next to you.

[piedplus]

I thought I would throw this perspective out there.

Not everyone who views your add is really shopping for a new animal. I know for me, I browse classifieds daily. I'm mainly looking at beautiful animals and if one happens to catch my attention or happens to fit just right into my breeding plans, then I may put more thought into the animal, the seller, and finally the price.

It may not be that your prices are too high. It may just be that you haven't found the target group that your babies appeal to.

Where are you advertising them?

That's a good point that not everyone's looking to buy, but I would think that I might hear something from at least one in 100... Another problem is that I'm a new seller selling high end morphs. I'm sure that works against me. Right now I have ads here, in Fauna, on my website, and on Wordpress. Is there someplace better to advertise high end morphs?

[BHReptiles]

That's a good point that not everyone's looking to buy, but I would think that I might hear something from at least one in 100... Another problem is that I'm a new seller selling high end morphs. I'm sure that works against me. Right now I have ads here, in Fauna, on my website, and on Wordpress. Is there someplace better to advertise high end morphs?

Once you build up a customer base, people will buy from you a ton easier. It's hard to step into the market but once you make it, you should do fine. Just produce quality animals and the buyers will come.

Facebook is HUGE now. I would get you a business page on facebook. There are a lot of BP groups on there as well as other reptile classifieds that you can sell on. You can also pay for a kingsnake account since kingsnake.com gets a lot of traffic.

[piedplus]

Everyone will set their own "market value " based on their own needs,
wife wants a new couch, water pump go out, bills to pay, got ten more pied males at home?
All this and more will set your price, not Tom, Richard or Harry at the table next to you.

It's good to hear that people do understand supply & demand in the BP world. Some other posts made me think I had to watch my step. Of course I want the highest price I can get anyway, but not if it means holding on to them until they're practically grown up. I'll try to improve my advertising, then chip away at the price until I find where interest starts to pop up. Thanks for your post.

[piedplus]

Once you build up a customer base, people will buy from you a ton easier. It's hard to step into the market but once you make it, you should do fine. Just produce quality animals and the buyers will come.

Facebook is HUGE now. I would get you a business page on facebook. There are a lot of BP groups on there as well as other reptile classifieds that you can sell on. You can also pay for a kingsnake account since kingsnake.com gets a lot of traffic.

Good to know that things will get easier. I'm glad I bought quality animals from TSK to start out with. Oh, I forgot, I have a facebook business page and have advertised there. I haven't listed anywhere else on facebook yet, I'll have to get on that. Is kingsnake better than Fauna? I've been resisting kingsnake because I've heard some bad things and because they're more expensive then Fauna.

[BHReptiles]

Good to know that things will get easier. I'm glad I bought quality animals from TSK to start out with. Oh, I forgot, I have a facebook business page and have advertised there. I haven't listed anywhere else on facebook yet, I'll have to get on that. Is kingsnake better than Fauna? I've been resisting kingsnake because I've heard some bad things and because they're more expensive then Fauna.

Become a member of all the BP classified sites. I'm about to shut down the computer for the night, but I'll PM you a list of classified groups tomorrow.

As for which is better: kingsnake or fauna...I'm not sure. I've advertised on fauna but I haven't had a need to advertise on kingsnake. I think it all comes down to responsible selling/buying. I think kingsnake gets a bad rep because people don't check reputation as often as they should.

[MootWorm]

Just wanted to add that my last two reptile purchases were on Kingsnake. It was a matter of finding the right snake for the right price from the right seller. I also like the layout of Kingsnake better. But that's just me

[loonunit]

Yeah, I've taken some economics, and even liked it. I've seen how retail stores work to move merchandise too. Guess I should be relying on my own experience. Besides basic economics, I'd like to see my little guys in their new home while they're still young enough to make the adjustment easily. Good points, thanks!

Aw, I wasn't even yelling at you, just at the imaginary straw man of the people who were telling you not to lower your prices. And yeah: Goal #1 is find them good homes. But I also agree that if they don't sell after a month or two, it's probably time to lower the price.

(But you can still take an economics course! Everyone should take an economics course if they get a chance and can afford the time and/or money. Especially in this, uh, economy. Which of course makes it harder to take an economics course.)

[piedplus]

Become a member of all the BP classified sites. I'm about to shut down the computer for the night, but I'll PM you a list of classified groups tomorrow.

As for which is better: kingsnake or fauna...I'm not sure. I've advertised on fauna but I haven't had a need to advertise on kingsnake. I think it all comes down to responsible selling/buying. I think kingsnake gets a bad rep because people don't check reputation as often as they should.

Thanks for all the good info. I look forward to that list. Goodnight.

[piedplus]

Just wanted to add that my last two reptile purchases were on Kingsnake. It was a matter of finding the right snake for the right price from the right seller. I also like the layout of Kingsnake better. But that's just me

Good to know. I might just have to bite the bullet and advertise with Kingsnake.