It seems like whatever the person is trying to sell at retail finds it hard to sell in printed media such as a newspaper or magazine. It is easier for the person to sell via the web such as Ebay or Craigslist etc. Definition print media - a medium that disseminates printed matter medium - a means or instrumentality for storing or communicating information public press, press - the print media responsible for gathering and publishing news in the form of newspapers or magazines journalism, news media - newspapers and magazines collectively
sorry for the lack of info. I found 6 or 7 new varieties of homestead quarter and I have one that he wants all of them. here is the variety. and the full sentence was "it makes it difficult for me to retail them in the print media when you continue to list them on eBay."
Perhaps he's selling them via a Coin World advertisement? Regardless of what he meant to say what he means is that he's tired of competing with you for sales which is understandable. If you're going to wholesale them out to coin dealers then maybe you should "feed that market" instead of competing against your buyers?
I don't get what you mean by "feed that market" he did mention he was a dealer. what do you mean compete against my buyers? I have never had a box like this so this is a new experience for me
What it means is make your choice: either stop listing them on the bay and (I assume) under-cutting this other fellow, and sell to him (so that he can sell for more using a more traditional media), or keep selling them on eBay and forget about dealing with him. Just reading between the lines here, but considering what you do, the answer should be obvious unless he's willing to pay a "get them off of eBay" premium, is a regular and profitable customer, or is willing to put more than a fair price in your pocket for all you have.
It's never a good business decision to try and compete with your supplier, nor is it a good decision to compete with your customers.
that's just the thing though. individual coins are selling for 20-28 and he wants to get them all for 5 a piece. being I am the one spending countless hours over the years staring at coins with a loupe and doing all the leg work I should be making more than 20-25% of the profit. he's not a regular customer of mine. he saw that I was selling them in bulk (and probably watching to see the final selling price) and wants to rights exclusively for so little to me
my supplier is the bank...so no issue there and I don't see it as trying to compete with HIM...but he wants to compete with ME as I am the only one listing this variety. unless I am looking at it from the wrong perspective? as I said...this is a first experience for me
thank you everyone for your responses. if anyone has a suggestion on what they would do I would love to hear the wisdom. thanks again
I was referring to his response to you, about competing with a supplier. You have the advantage over him, which in his case isn't a good idea. On the other hand, it wouldn't be a good idea for you to sell or supply him while selling retail to others. If you are going to retail the coins yourself, stick to that and stay out of the wholesale business. If you are going to wholesale, stay out of the retail. A lot less headaches.
Why are you even listening to this person. If you are doing well selling them then sell away. His competition (you) is his own problem, he can either lower his price or accept the price you are asking. That's how I see it.
perhaps YOU should re-read what you have written. And this is how I see it as well. Now: it seems as though you have gotten your hands on a "hot box or hit big on a lottery ticket" so to speak. SO ask yourself this question: Am i gonna cash in on it or let someone else do it for me and reap the rewards.
Your answer should be obvious, Bryan... as I said earlier, unless this fellow is willing to pay you a worthwhile amount for what you have, you might as well just sell yourself, and if selling well, only as individual coins. I know you are a regular seller and see no reason why you should sell to a one-time buyer, who is lowballing you and whining, instead of putting the extra money in your own pocket. As for the other gentleman's post regarding competing with a supplier or customer, while generally wise advice, never say never. In your situation there is no supplier competition, and as you later stated, this guy isn't really a customer (or at least has not been), so the point is moot. It seems that the potential buyer simply wants to remove the competition (you), acquire his inventory, and do so at a basement price. You have no obligation to this fellow, and unless he is willing to wash your hands in return, he should be viewed as nothing more than a potential customer. There will always be those, particularly in this business, with a questionable sense of entitlement, and who, if given the opportunity, will gladly walk all over you. From the outsidelooking in, this appears to be exactly what this person is trying to do to you.
I wouldn't sell to that guy. You said it yourself that he's offering much lower than you can get on ebay. So stick to ebay. He's wants to dig into your potential profits. Skip the middleman, sell them yourself. You'll learn over time that you can make more selling to collectors rather than dealers. It's obvious: dealers want the profit you can get, or in other words as another commented you can sell wholesale or direct to collectors. The problem with selling to other collectors is that you can't reach them, you have to do some leg work, etc. But as of now it looks like there you're having no trouble selling them direct on ebay so keep at it!
thank you everyone for taking the time to respond. I of course listened to you kind folk. I did sell him 2 rolls of that specific variety....but only because I had given my word prior to this post.