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<p>[QUOTE="Publius2, post: 25512041, member: 105571"]It would be helpful to know if the intended show is small (25 to 50 tables), mid (50 to 150 tables) or large and what the expected attendance might be.</p><p><br /></p><p>I assume your purpose in being a dealer at this show is to sell your coins for a profit, not just to eliminate dupes or unwanted coins regardless of the price realized. Also, that your target customer is the retail collector not other dealers.</p><p><br /></p><p>So, how to maximize your chances of sales:</p><p><br /></p><p>First, if you can, identify any significant characterization of the show's attendees. Are they mostly bullion people, US Type, ancients, world, low-end US series, slab buyers versus raw buyers, etc? Cater to those buyers if you can, while not eliminating the possibility of sales to other customers. </p><p><br /></p><p>Arrange your cases in such a manner that will make it faster and easier for customers to focus on what they're looking for. To that end, separate slabbed coins from raw, separate bullion coins from others. Arrange those major divisions by denomination and date. The rationale for this is: The longer someone takes to determine if you even have anything that might interest them is time at your table that another customer can't use. When I'm at a show, I always scan the cases to determine if there's anything of interest to me. If it's an unorganized jumble, I often just pass on by as time is too precious. For example, I don't collect Morgans so if I see a dealer with three or four cases of Morgans I don't even scan those cases. But if that same dealer has one case with slabbed early US Type, I will stop and look. The only reason that dealer got my time was because he separated his stock so I could quickly and easily make the first decision "Do I stop and give this case a look?"</p><p><br /></p><p>Decide in advance your pricing policy. If it's "no haggle", then just put your price in view on the coin. That saves everyone time and trouble. If you're willing to haggle, decide in advance what your minimum acceptable price will be and put something slightly higher than that on the coin. About 5% to 10% higher is a nice margin which you can give to a customer and let them walk away feeling good.</p><p><br /></p><p>Don't ever get insulted or peevish over a lowball offer. This is business. Either counteroffer or stand your ground. Be polite, nice and firm without being dogmatic or stubborn. </p><p><br /></p><p>Do not price your raw coins as if they were slabbed. There are exceptions but they tend to be genuine rarities. But if, as I assume, you're mostly selling generics or commons of one sort or another, then raw coins are just not worth as much, all else being equal. After all, when you sell a raw coin all the risk is assumed by the customer such as grade, details, and genuineness. </p><p><br /></p><p>Don't ever fall in love with a coin you are offering for sale. You should always look at a coin for sale as cash on the hoof. That coin's value can't earn you any more money until you sell it and roll the inventory for cash that can then be invested to make more money.</p><p><br /></p><p>With that in mind, you should never, ever, tell a customer "I can't accept your offer because I paid more than that for it." Any dealer that tells a customer that is displaying his contempt for the customer. Accept, counteroffer or reject, don't explain why.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 25512041, member: 105571"]It would be helpful to know if the intended show is small (25 to 50 tables), mid (50 to 150 tables) or large and what the expected attendance might be. I assume your purpose in being a dealer at this show is to sell your coins for a profit, not just to eliminate dupes or unwanted coins regardless of the price realized. Also, that your target customer is the retail collector not other dealers. So, how to maximize your chances of sales: First, if you can, identify any significant characterization of the show's attendees. Are they mostly bullion people, US Type, ancients, world, low-end US series, slab buyers versus raw buyers, etc? Cater to those buyers if you can, while not eliminating the possibility of sales to other customers. Arrange your cases in such a manner that will make it faster and easier for customers to focus on what they're looking for. To that end, separate slabbed coins from raw, separate bullion coins from others. Arrange those major divisions by denomination and date. The rationale for this is: The longer someone takes to determine if you even have anything that might interest them is time at your table that another customer can't use. When I'm at a show, I always scan the cases to determine if there's anything of interest to me. If it's an unorganized jumble, I often just pass on by as time is too precious. For example, I don't collect Morgans so if I see a dealer with three or four cases of Morgans I don't even scan those cases. But if that same dealer has one case with slabbed early US Type, I will stop and look. The only reason that dealer got my time was because he separated his stock so I could quickly and easily make the first decision "Do I stop and give this case a look?" Decide in advance your pricing policy. If it's "no haggle", then just put your price in view on the coin. That saves everyone time and trouble. If you're willing to haggle, decide in advance what your minimum acceptable price will be and put something slightly higher than that on the coin. About 5% to 10% higher is a nice margin which you can give to a customer and let them walk away feeling good. Don't ever get insulted or peevish over a lowball offer. This is business. Either counteroffer or stand your ground. Be polite, nice and firm without being dogmatic or stubborn. Do not price your raw coins as if they were slabbed. There are exceptions but they tend to be genuine rarities. But if, as I assume, you're mostly selling generics or commons of one sort or another, then raw coins are just not worth as much, all else being equal. After all, when you sell a raw coin all the risk is assumed by the customer such as grade, details, and genuineness. Don't ever fall in love with a coin you are offering for sale. You should always look at a coin for sale as cash on the hoof. That coin's value can't earn you any more money until you sell it and roll the inventory for cash that can then be invested to make more money. With that in mind, you should never, ever, tell a customer "I can't accept your offer because I paid more than that for it." Any dealer that tells a customer that is displaying his contempt for the customer. Accept, counteroffer or reject, don't explain why.[/QUOTE]
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