Leaving Something on the Table

Today was a landmark day: today I sold my very first item on eBay — actually, it was my very first item sold anywhere. I had always wanted to know what it felt like to be on the merchant’s side of commerce; and today I had the chance to find out.

It was pretty unexpected stuff. I had only put up the listing for an hour before receiving a call from a potential buyer, who would after just three hours become the proud owner of what was my mom’s Sony Ericsson W902 mobile phone.

I had put considerable thought into my eBay listing. I researched what others were selling similar phones for (e.g. same phone model in a similar condition and with the same or similar accessories), figured out the minimum price it was being sold for, took $12 off this minimum and used that as my selling price. It was my way of “leaving something on the table“, something I learned from Robert Kiyosaki of Rich Dad, Poor Dad fame.

With the $12 you save from buying from me instead of my closest competitors, I wrote, you may treat yourself and/or your loved one to a decent meal, donate the money to charity, or do whatever else you might want with it. The buyer thought it was funny; I certainly thought so too.

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Donn

My name is Donn, and you’ll find me working at the intersection of business and information technology, constantly looking for ways to apply IT to business and life to make things better. I’m a big fan of data analysis and its subsequent communication. It always gives me a thrill extracting meaning out of data through analysis, and figuring out the best way to present the findings for maximum impact!

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