Why do people put exorbitant price for used goods in olx/Mygate ? [Rant]

They put exorbitant price because buyers offer ridiculous low prices for example i was selling a headphone (brand new, sealed pack). Market price is 5000, so i offered 3000. The buyer asked for 300. I said no. Then he asked for my mobile number. Then he never called back. I asked why have you taken for number if you don't want to buy? He said he can buy for 300.

So i think he put my number on some spammer bomber. Ridiculous buyers!

Personal experience as a seller.

1. Not all Buy messages are real buyers (always look for messages from people who created account atleast a year back)

2. I too intentionally put 20-30% extra while selling in OLX (reason they offer to buy at less than 50% on our selling price) but if u believe in the price at which u can sell then stay on ur sell price and dont decrease.
3. in few instances i observed people messaging from different account just to down the price. they ask for (suppose sell price mentioned is 12K) they ask fro 8K then 2 days after that 6K from different account and soo on.just to make us think that product is not its worth.
4. I block people often if they ask for less price coz it wont worth our time arguing abt price. (just tell them max discount u can give if they any other price, i just block them)

5. People actually feel product quality of new manufactured ones are less so they sell their old (better build quality at more price)

Don't they know, people have internet now?

I know someone... Who always found some dumb people to get the best price for his old mobiles and pc components

Peer to Peer is always like this:) to bargain better for the seller THEY QUOTE HIGHER PRICES LIKE 90% OF REAL PRICE :) you can't complain:)

It depends on buyers bargain Skill and the needs of the seller at their end:)

So peer to peer wont have generalized terms:) 

YOU CAN'T CHANGE THAT WITH YOUR RANT you can only wish to improve (which wont change anything though)

even you will do this same when you become seller there:) once you know how this works

What is mygate

How to do badmashi 1-2-3...

I have a counter argument for this.

It's not the seller, it's the buyer who has issue. Most buyers has no genuine interest in buying it. They just try their luck.

Most people lost the ability to negotiate the price in direct confrontation.

If I decide to buy something from olx, I simply ask seller address to visit and check in person. Based on the quality, I quote my price. The chances are very high, I get the product at the quoted price.

I do because of lowballers. When the interested start negotiating, I try to settle for a price around what I expect. I am trying to sell a 100 Ah battery I bought for ~₹10k 3 years ago. I have listed it for 7k but would let it go for ₹4.5k or above. My expectation is up to ₹6k for it. And people expect me to give it at ₹2k which even scrap guys would give. 

To have good scope for negotiation.

If the buyer is bad at negotiation, seller is happy.

If the buyer is good at negotiation, seller still gets what is deserved price.

So precisely the reasons @gischethans & @Demon_slayer mentioned. And all those sellers will settle at reasonable market price.

Some people start cribbing that they are students poor don't have much money to buy or parents not giving money

Simple word - Indian mentality

Lack of empathy & Chapri Mentality

Forget about online sellers. Even my friends act this way. My friend purchased a PC for 55k 2-2.5 yrs back. I told him it will be outdated when DDR5 platform becomes cheaper and he can't expect much if he sells it off. He said he doesn't mind and bought it. And now he doesn't use it at all. He wants to sell it for 45k when the reasonable expectation should be 20-25k. He doesn't budge below that and he is trying to sell it for a year now and he has no buyers. He doesn't understand everything on the last platform brand new now is almost at half price to what he bought back then due to progress in tech. But this is the Indian mindset. I got it at 1000rs, I will sell it for 950rs after 5 years. 

It goes like

Ad posted-Scammers-Time wasters-genuine buyer

So we have to deal with many to find the right person.