Showing posts with label vendor. Show all posts
Showing posts with label vendor. Show all posts

Wednesday, November 11, 2015

The 3 Buyer “Types” at Any Given ComicCon

I got alot of feedback on the 3 Vendor “Types” at any given ComicCon so, by request, here are the 3 Buyer “Types” at any given ComicCon.



1.)  The “Bargain Hunter” Type:

This is the person that waits until the last day of ComicCon to make his purchases so that he can get everything he wants at deep discounts.

The Issue:

A vendor really does have it rough.  They buy a booth, show up at ungodly hours to set up, hope they sell enough to make the event worthwhile, and then pack up and drag what’s left home.  So, on the last day many vendors will deeply discount prices so that they can make a little money and not have to pack so much for their trip home.  So, bargain minded fans wait until that moment to buy.

The Bigger Issue:

In order for a vendor to come to a ComicCon it has to be worth their while.  The fact is, like any business they are there to make a profit.  Deeply discounting things may lighten the load on the way home, but it also reduces profits.  In order to maximize their income vendors will skip certain events if they have no history of making money there.  This can hurt the buyer in the long run.

2.)  The “Haggler” Type:

This is the person who feels that the price tags are just for decoration and have absolutely NOTHING to do with what they have to pay.  So, instead of offering to pay full price they start every sentence with “Will you take______ for these?”.

The Issue:

Although I have seen this rise to ridiculous levels, this is how our current system of exchange started many moons ago.  Nothing had a price tag and everything was negotiable.  The fact is, however, we have evolved since then.  We now have a system of currency for the exchange of goods.

The Bigger Issue:

Haggling has caused an issue on both sides of the table.  As much as a buyer will offer a lower price, I hear many vendors, when seeing someone looking at the price tags, say, “I can do better than that.”  There are also those vendors who prepare for negotiation by raising prices so they can “haggle down” to a reasonable price.  The fact remains that people are there to make money and they won’t come back if they don’t.  So, although haggling can be good, it can also cause a landslide effect that is bad for everyone.

3.)  The “Thinker” Type:

This is the person who says that they will “think about it” and never do.  They are either too uncomfortable telling the vendor that they don’t feel good about the deal OR they just forget about it while walking around.

The Issue:

I haven’t seen any studies on it, but I would venture to say that 9 out of 10 people who say they are going to “think about it” don’t actually think about it.  There aren’t enough pages to speculate why a person can't just say, “I think I’ll pass” so I won’t even guess.  Needless to say, the words, “I’ll think about it” translate into “a lost sale” to most vendors.

The Bigger Issue:

It’s only polite to let someone know that you’re not interested or won’t do something.  For instance, how would it be if you took your car to a garage, and asked what it would take to fix your car and how much it would cost, and the mechanic said, “I’ll think about it”.  How about if you proposed and your significant other said, “I’ll think about it”.  You may argue that it isn’t the same because the car being fixed and proposal are more serious matters that require answers.  Hogwash.  The vendor’s livelihood is in what you are looking to buy.  If they offer you a deal they are trying to put food in their mouths without losing their shirts.  It’s a serious matter to them.  If enough people turn a deal down it may even force a vendor to change the price on a book and everyone wins.  They make a sale and the buyer gets a good deal.  Isn’t that worth the occasional, “I think I’ll pass?"

It’s actually funny.  After the first of these two blogs I got feedback that there were Vendor “Types” that I missed.  I also fully expect that there are Buyer “Types” that I missed...alas, those are for another day.

Suffice it to say that for every “I’ll think about it” or “Haggler” or “Bargain Hunter” there are those who will just be thrilled they found what they were looking for and pay the asking price.

I’d still like to see a study on all of this...

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Monday, November 9, 2015

The 3 Vendor “Types” at Any Given ComicCon

I have to admit, I have trouble buying comic books at a ComicCon.   It’s never WHAT to buy, it’s WHO to buy from!  There are 3 vendor types at any ComicCon:



The “Nice” Vendor

These are the vendors who don’t have any concerns about what they make or how high or low the price is compared to market value.  They just want people to like them and they want to be "good to people."

The issue (pun intended):

Comic book pricing is similar to the pricing of real estate and antiques in that it is based on other comparable comics.  So, if I have two of the same comic, in the same condition, they should have the same, or similar, value.  This isn’t usually the case with the “Nice” vendor.  They want to charge well below market value to be nice to people because “it’s just a side business anyway”.

The bigger issue: (this pun was not, in any way, intended)

Buying from them gets me a great bargain (I bought a “first appearance” comic for 25% of its market value).  But, if done in too big a number they can deflate the value of the comic.

The “Market Value” Vendor

These are the vendors that price everything by the “Overstreet Guide” or some other pricing guide.  So, if a Grade 9.2 is valued at $300 then it’s priced at $300.

The issue (this will be the same pun format as before):

Market values are created for a simple reason and that is to make sure that people have a basis for comparison for the item being sold.  For example, I am completely stupefied by the real estate market.  A house I think should be worth $1 million is worth $250 thousand and vice versa.  If it weren’t for a “Market Value Analysis” on a house that I want to buy I could pay way too much (if there are any real estate agents who will charge me way too little, give me a call).  So, a “Market Value” vendor uses the philosophy that they are selling it at what it’s worth and, if I want, I can look it up.

The bigger issue:

A comics value is only what the buyer will pay, not what is in a pricing guide.  Going back to the real estate example, the house could be worth $1 million but no-one in their right mind would pay that price.  Look at what happened when the real estate market bubble burst...lotsa people owing more than what their house is worth.

The “Comic Books Will Get Me Rich” Vendor:

These are the vendors that take advantage of a passionate marketplace by pricing comic books well above what they will ever be worth because someone will pay that price...eventually.

The issue:

This is the exact opposite of the issue with the “Nice” vendor.  If enough of a certain edition sell way beyond market value it can falsely raise the price of a comic or collection.  Then, when the bottom drops out of the market, all sorts of things can go wrong.

The bigger issue:

With people buying at a fevered pace at a ComicCon, and the threat that “if you decide to walk around and think about it, it may not be here when you get back”, people pay ridiculous prices.  At the most recent ComicCon I saw the same comic, in similar conditions, differ in price by almost  $100.  A quick glance at eBay, right now, shows Daredevil #131 (the first appearance of Bullseye) selling as low as $49 and as high as $1,999 (supposedly in the same condition).  I promise you that there will be a buyer for both of them.

So, who do you buy from?  The answer is simple:

There are no “right” or “wrong” vendor types.  In the end it’s you who are responsible for making an informed decision on a comic book purchase and a comic is only worth what you are willing to pay.  Do your homework as you would with any purchase and set limits for yourself as to what you will, and won’t, spend.

Oh, and one more thing;  Go ahead...walk around and think about whether you want to pay that price or not.  I guarantee that if it’s not at that particular stand when you get back it will surely be at another.

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