Image courtesy of Mr-Wild
Recently, I have managed to win a swatch watch through the card limit that hit a certain amount. I have won 2 of those lucky draw swatch watches a few months ago and I was quite surprised that I have managed to win another one. On the first two watches I got, I have tried putting the swatch watch on an online free classified website to sell and there were quite a few responses but I did not try to push the price higher as I was quite lazy to bargain the price. In the end, I got my friend to sell it for me at a local cash converter shop.
Fast forward a few months, I got another swatch watch for free and I decided to sell it at the cash converter shop near my girlfriend place. After spending some time at the cash converter waiting for my queue, I realized this business is quite good as quite a lot of people is selling and buying stuff over there. However, I did not sell my swatch watch as the amount they give is lower than the previous round that my friend sold for me. The person at the counter feedback to me that different branch price different items differently and it is really depending on the demand of the locations. In the end, I chose to go somewhere near my house outlet to give it a try. The price they gave me was slightly lower than the price I got at my girlfriend’s location.
To cut long story short, I chose not to sell the swatch watch to the cash converter company and wanted to do an experiment by selling it online instead. To most of the general public, they will usually perceive the value of a swatch watch at a higher value compared to company. The result of my experiment was positive and I managed to sell my free swatch watch at a higher price which is even higher than the price I got throughout the whole process.
What I’m trying to get to you is sometimes you have to put your items or product that you want to sell at a different locations where the perceived value is higher. I think this is a good lesson learnt for myself as I believe I can apply this knowledge in the future for whatever thing I come across with.
Cheers
Javier
P.S. Something I hate about doing this experiment is that I have put in too much time and effort traveling around to sell a swatch watch as I realized I can use that time more effectively in other areas instead of going for a few dollars more for just one unit item. However, I am glad to learn something great through this process and I will definitely remember this.
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