Guy throws out $100K off new running shoes and clothing - shrewd deal maker?

I wouldn't waste an hour of your time... and you wouldn't say that to my face. However, your nonverbals would have been enough to make me realize that you're not taking less. And if you had priced the car at true market value of $1,800, I would never offer only $900. I agree that would be insulting.

The problem with amateurs is that they tend to set their sales price based on what a dealer would ask. An individual seller is going to be lucky to get more than halfway between trade in and average retail. That would be my low ball offer. It's actually a realistic offer, as was the offer of $50,000 for the $100,000 of merchandise mentioned in the original post.

No problem though. I've bought and sold 50+ cars. There's always another car. I don't take rejection personally.

Why do people sit around thinking up stupid fake threads?

Oh, I forgot this in my previous post. It's kinda funny.

I'll often get lowballers who call when I have a car for sale for $7,000 who say, "Would you take $5,000 for it?"

Rather than get mad, I say, "Are you offering $5,000 cash right now?" They hem and haw and squirm around. It's funny because they're put on the spot.

I say make me a solid offer right now and I'll consider it. They don't. They never call back. The call is over in a minute.

Never lower your asking price without getting a concession or commitment from the prospective buyer.

Buyer: "Would you take less?"

Me: "What are you willing to offer?"

It's a game. You'll never make (or lose) money faster than when you're negotiating.

Store namer of names wrote:

Why do people sit around thinking up stupid fake threads?

The OP is obviously lying because if he knew 100k worth of merchandise were in the dumpster, he'd be working round the clock to get it out and salvage what he can, rather than post about it on letsrun.

Fake news. Pathetic small town small business owner wants as much money as possible. $0 is $0. Whether he was driven out by millennials disrupting the market or his own out of the box ego only a retard would throw something away that anyone can then go and take and resell.

Unless the merch had a street value of $0 in which case, the low-ball was actually a great offer.

I'm telling the truth but I change some of the details so not to identify anyone. Thank you for everyone who replied. I think the reason I posted this was to get feedback on something that really bothered me about this particular kind of human nature. It's about leverage and power. I believe it exists more in the world then people think. In this case the person who dumped valuable merchandise had money and would survive. It's true they didn't get a return when they could of but they are taking a position of power. The problem is in this case the people who offered really needed the money and at least one of them went out of business. Also, the merchandise donated could have helped many people. Personally I will never deal with this person. I think they are plain awful.

You’re dumber than him if true. Why didn’t you salvage everything and sell it for $25k? You are an idiot or a lyer.

I was not physical present when the inventory was put in the dumpster. Maybe I should have reported it. But to who? I mean this was valuable stuff that could have been a benefit to a lot of people. I could try to start a boycott of his business but like I said, the guy is successful, his extended family is wealthy, and I believe most people would not care. They will still buy from him.

He didn’t make a deal, so no he isn’t a shrewd deal maker

tyjtyj wrote:

In this case the person who dumped valuable merchandise had money and would survive. It's true they didn't get a return when they could of but they are taking a position of power.

No. It's a position of immaturity, insecurity, and ignorance. The guy's ego is so fragile he "thinks" he's making a power move by trashing the goods. That's the immaturity and insecurity showing. "If you won't do it my way, I'll take my ball and go home." It sounds like something you'd hear in middle school.

The ignorance is assuming that someone would value his inventory at 90% of cost, when there are multiple reasons why it's worth substantially less. 1) It's already been cherry-picked by customers for the most desirable goods. 2) It might include goods the buyer doesn't want or that would be hard to move, from the prospective buyer's position. 3) Buyers might have a hard time coming up with $100,000 for a bulk purchase. 4) Buyers might not need the inventory right now, so they're only willing to buy if it's a great deal.

Combine all those factors in a limited market and 50% of cost isn't an unreasonable offer.

If you weren't there, it didn't really happen. The guy is a blowhard who sold the crap for $25k but wanted to impress everyone by telling them he dumped it.

No, it really happened. It was trashed. Made me sick and when I think about it makes me feel hurt that people do these things to others. But you know what? It's his stuff and he can do whatever he wants with it.

The merchandise is probably in Honduras being sold on the black market.

So now you are retracting your statement "I was there. I saw it happen?"

I am not retracting my statement. I did not physically see the inventory get trashed but I know for a fact that it was. How do I know this fact? I won' go into details but because the way the situation was it had to have been trashed.

No it wasn’t trashed. He sold it and it was subsequently moved to overstock. I know, I saw it.

KawauchiFTW wrote:

The guy is an idiot. He literally is a great example of sunk cost fallacy;)

No, he is a great example of someone who stands by his principles, even at an apparent loss. They don't make them like that anymore buddy, he's got something you don't: b a l l s

Makin moola wrote:

No it wasn’t trashed. He sold it and it was subsequently moved to overstock. I know, I saw it.

yeah there's no way that's true because I was there and I saw him eat every last shoe. When he threw up, there were laces in the pile and it looked like spaghetti

It was probably stale merchandise and the 60k offer was generous.