How to price a tech item?

mysticrainman

Disciple

How do you objectively place a price on a tech item? Is there any broad norm around acceptable pricing? Maybe some rough formula based on Current rate? What if currently a product isn't available?

Sometimes I see a product and I'm interested. I don't want to lowball (and maybe offend the seller) but i also don't want to overpay.

 

rsaeon

Adept

For products I'm not familiar with, I use CEX as a reference: https://in.webuy.com/

 

mysticrainman

Disciple

rsaeon said:

For products I'm not familiar with, I use CEX as a reference: https://in.webuy.com/

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Their selling price seems very high.

 

mehtaarjun

Disciple

mysticrainman said:

Their selling price seems very high.

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Ignore the selling price as there is a 2 years warranty component also attached to it. I'd personally see their buy value in cash/ voucher and cashify or websites like those and then take up further discussion with seller.

 

mysticrainman

Disciple

mehtaarjun said:

I'd personally see their buy value in cash/ voucher and cashify or websites like those and then take up further discussion with seller.

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This seems doable. Will try to do the same.

 

Walidansari

Recruit

A lot of things could be the deciding factor.

•How old is the product?
•Is it under warranty?
•Wear and tear under use (eg battery health of an Iphone could help in determining the use and value)
•Price the person paid to purchase it
•Current market price
•If it’s a discontinued product than the average market price could help in determining it.

But there is no proper logic or formula to get the most accurate answer.