In the original sense of the term, low-ball is not only about asking for lower price.
It's actually a jedi mind trick to get the other party to commit and seal the deal first, then suddenly backtrack and renegotiate the deal. Going through this procedure actually makes the other party more susceptible to accept the renegotiated (and probably more unfair) deal.
The classic paper on low-balling:
ScienceDirect - Journal of Personality and Social Psychology : Low-ball procedure for producing compliance: Commitment then cost
You selling your 5dmkii for $2500.
I SMS you and offer $1000. I am a lowballer.
You identify that, then sell me your 5dmkii. :bsmilie: :bsmilie:
Noxire said:Kinda confused about this term.
When an offer to qualify you as a LOWBALLER?
Can somebody set an example?
I know it's when you offer much lower against the asking price but how low?
Here's a clear case of a low baller; seller has provided clear pictures of a pristine camera model (let's just call it Cikon 5800). Most people in the market are selling this item at one year of age, without warranty, mint conditon, all items in box intact... For $1200.
A lowballer would SMS the seller and say, "offer you $700".
A delusional lowballer would SMS the seller and say, "offer you $700 to take the item off your hands, quick deal".
A mad lowballer would SMS the seller and say, "saw this item going for $500 on eBay. offer $400, deal tonight. ".
:bsmilie:
Yup... someone tried this on me before... can't even bother to answer the sms... :nono:
Kinda confused about this term.
When an offer to qualify you as a LOWBALLER?
Can somebody set an example?
I know it's when you offer much lower against the asking price but how low?
edutilos- said:Not so, it has more to do with offering a price way lower than the market value, given the condition of the item.
If you are selling a 5D M2 with buttons dropping out and fungus infecting 50% of the sensor, I think there is nothing wrong with someone offering you $1,000; in fact, I might think it too much.
Here's a clear case of a low baller; seller has provided clear pictures of a pristine camera model (let's just call it Cikon 5800). Most people in the market are selling this item at one year of age, without warranty, mint conditon, all items in box intact... For $1200.
A lowballer would SMS the seller and say, "offer you $700".
A delusional lowballer would SMS the seller and say, "offer you $700 to take the item off your hands, quick deal".
A mad lowballer would SMS the seller and say, "saw this item going for $500 on eBay. offer $400, deal tonight. ".
:bsmilie:
I agree with you that no one is worse off because of low-balling for the latter definition. Nonetheless, it can come off as being rude. To put it into perspective; if you are in a market, and every fishmonger is selling say salmon, at $30 a kg; I think trying to haggle for $26-$28 a kg might be doable if you buy a large quantity... But certainly no one would strut up and declare that they will take the salmon off the fishmongers' hands for $10 a kg?at the end of the day, its willing buyer, willing seller. if there is no consensus on the price, just don't deal :what: doesn't matter if the other party feels low-balled or not.
I agree with you that no one is worse off because of low-balling for the latter definition. Nonetheless, it can come off as being rude. To put it into perspective; if you are in a market, and every fishmonger is selling say salmon, at $30 a kg; I think trying to haggle for $26-$28 a kg might be doable if you buy a large quantity... But certainly no one would strut up and declare that they will take the salmon off the fishmongers' hands for $10 a kg?
i do feel that some pple who low-ball really have no idea what things cost.