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SOLD!
Selling Tips for a Challenging Market |
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by
Rebecca Bentley and Bay Area Equestrian Network |
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The following are tips and suggestions from successful sellers of
horses, trailers, tack, and other equine-related goods and services on
the Bay Area Equestrian Network.
Even in tough times, good
strategies can lead to continuing sales. BAEN wants to help everyone
succeed in their horse-related ventures. If you have tips to add, please
email them to info@bayequest.com
with the words "selling tips" in the subject. If we use your tip
here, we'll say thanks with a free photo ad. |
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The
traditional 4 P's of marketing are product, place, price, and promotion.
When we asked our advertisers what works, your answers lined right up
with these business principles. We continue to see good sales on BAEN;
here are precise strategies to help you mark your ads
SOLD!
Product
Place
Price
Promotion
Tips from BAEN Advertisers |
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Price:
Pricing your horse or
item within an appropriate range makes a big difference in getting
sales. Over-pricing will be seen through in a flash by experienced
buyers, and under-pricing may raise concerns about why the horse or item
is priced so cheaply. Under-pricing may also result in more 'looky-loos'
wasting your time with low-ball offers. The best approach is to
search for ads that are similar to yours, see how they're priced, then
price your own offering somewhere in the middle of that range. If
you want to move something quickly, stating a reduced price and
explaining why the price is lower will be more apt to generate calls and
emails.
It's a good idea to look at your competition
when determining price. If there are many similar horses or items
available at the same time or in the same region where you're selling, a
price reduction may make your ad stand out from the rest. Having said
that, whether or not to draw attention to a reduced price seems to be a
matter of debate. We'd love to hear your opinions - email us at
info@bayequest.com. Some see it as an indication that the ad had an
inflated price to begin with, and others see it as a way to draw
attention to a bargain, especially in a difficult market. "Price
negotiable" seems to generate a similar diversity of opinion. On
the one hand, being open to negotiation may maximize contacts coming
from the ad, on the other hand it may invite less-than-serious
inquiries.
Barter/Trade
BAEN
gives you the option of a Barter check box on your ad submission form.
Checking this box puts the words "Will barter" into your ad text,
showing buyers you're willing to barter, or trade, for horses, items,
and/or services. Buyers can search for "Will barter" ads on our
advanced search form. In a tight economy, barter gives you flexibility
to structure a successful sale for full barter or part barter/part cash.
Either way, both parties get something they want. For best results,
briefly list what you will accept for barter in your ad's description.
Example: "Will barter for AQHA gelding, western tack, horse trailer,
hay, lessons." |
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Product
Place
Price
Promotion
Tips from BAEN Advertisers |
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