The Irrelevant $100 III
This blog is written mostly tongue in cheek. Some points may be informative. Please provide your feedback.
If you suffer from self-irrelevancy, please seek professional advice.
Hello. So why is the extra $100 irrelevant to the buyer? Because it means, if the car is marked up 20%, the buyer will receive $20 more. $20! That's not what I'd call substantial. In fact, $20 profit is even more irrelevant than $100 on the sale price.
It just boggles my mind how some people won't budge on auctions, especially when they have a high desire to buy or sell.
I see the same thing at the charity auction my spouse and I assist with. Let's say there's a silent auction item someone will happily spend $100 on. Instead of bidding $100 right away, they'll just bid $80, then lose track of it, and find out someone at the last second bid $90. As a result they're unhappy they didn't spend $100. By bidding $100 first, they'd either be happy they got it for $100, or happy someone else got it for more than $100.
Regards,
Irrelevant
If you suffer from self-irrelevancy, please seek professional advice.
Hello. So why is the extra $100 irrelevant to the buyer? Because it means, if the car is marked up 20%, the buyer will receive $20 more. $20! That's not what I'd call substantial. In fact, $20 profit is even more irrelevant than $100 on the sale price.
It just boggles my mind how some people won't budge on auctions, especially when they have a high desire to buy or sell.
I see the same thing at the charity auction my spouse and I assist with. Let's say there's a silent auction item someone will happily spend $100 on. Instead of bidding $100 right away, they'll just bid $80, then lose track of it, and find out someone at the last second bid $90. As a result they're unhappy they didn't spend $100. By bidding $100 first, they'd either be happy they got it for $100, or happy someone else got it for more than $100.
Regards,
Irrelevant
posted by Irrelevant at 7:06 AM
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