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BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 9:28am On Sep 26, 2020
bekanuel:
I saw an advert recently and the number of people asking for price that were asked to DM were more than 200. After replying over 200 DM and more than 100 are no longer interested nko? That means you just wasted valuable time. I'm sure that if the prices were attached, majority of those entering DM will be those actually ready to buy
I am a seller and I am a buyer. I buy things online too so I know how it is from both perspectives. The fact is any serious buyer will not have any issues with DM for price. A serious buyer that is READY to buy will not make a fuss about contacting the seller's inbox or phone etc, after all, you are not going to conclude the transaction on the public page, you will go to his private message to conclude. So it cannot be an issue for a serous READY buyer. Not every serious buyer is ready to buy, some are still window shopping around and then you have the time wasters too that really don't even have anything to buy, they're just making inquiries to catch fun etc. Majority, let's say 90% or even 95% of those who feel so angry or disgusted or vindictive towards a seller just because the seller put DM for Price (or request for quote or call for price) on his advert, trust me, they don't have anything to buy and won't buy anything even if the price was stated there. They will still look for another excuse to make. So that's the point I'm making. The seller is not automatically a scammer or con artist for using DM for price. If you check the article I wrote, there are several reasons, not just about filtering buyers from time wasters alone. 200 people entering your DM to chat with a seller gives seller the opportunity to communicate further to try to convert them to sales. Out of the 200 that enters his DM, if the seller is able to convert 20, it has still made a better record that relying on price alone to be the deciding factor from the beginning that makes buyer communicate with him or not. You see, for the general public, they are looking for CHEAP, but not everything cheap is of good quality or has the same type of performance or functions. For example, the bicycle Davido bought for N1.3m, I'm sure for that kind of a products, for example on Nairaland, if the seller puts price tag, many of the people commenting on the seller's thread will be negative comments and insults, that seller is a thief, or is it not bicycle, that they sell bicylce in their area for 20K etc, they are not concerned about the product quality or functions or build etc. They ruin his advert and push other prospective buyers away. And there are several other cases too, as well as several other reasons I didn't mention here. A seller will adopt a marketing strategy that he feels or thinks or knows will give him more sales. And DM for price is a marketing strategy. To call the seller a con artist or scammer just because of this is wrong or incorrect.
BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 8:34am On Sep 26, 2020
Samakus:
Very anyhow comparison!!

Why will someone selling food items or goods under FMCG not state the price.

Even you Mr openbusiness that is defending them usually quote your prices for your 2020 cars. Why are you not following Innoson and CNN to be discrete about the prices of your carsin your thread?
if you read the post, I said supermarket retailers etc which FMCG falls under state prices but it is not applicable to every segment of trade. I state my price because as per my own marketing strategy. My thread says "CHEAP so and so", therefore I want the buyer to see that. So it is a marketing strategy peculiar to my situation and to my product, it is specific to me. It doesn't mean that another seller who doesn't state his own price or says DM for price or Request for Quote is a con artist or scammer. Go to the websites of many sellers outside FMCG retail, you won't see price there. Does it mean they are scammers or con artists? That is my point!
BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 8:20am On Sep 26, 2020
Iyoocartel:
Iyooooooo cartel

Immediately i see dm for price in any products or something nothing pm earth can ever make me patronize you.
If you can't fix your price in your update on then take a rest. Naso i see boxer i fell in love with it and dm the girl for price she told me 5k just for one piece of boxer.
Keep deceiving yourself
Every serious seller knows you can't sell to everybody and tries to create their own niche in the market. You are complaining about N5k for one boxer, as if it is every boxer that is N200. There are N50 boxers and there are N500k boxers etc. It is left for you to cut your coat according to your cloth. Didn't you read the news yesterday on Nairaland that Davido bought a bicycle for N1,300,000? I'm sure you will call the seller a thief, but fail to realize that all products are not the same. If someone calls a N200 boxer for you N10,000, it doesn't matter, nobody put a gun to your head and forced you to buy, you still have the choice to walk away. So there's no issue at all.
PoliticsRe: Boko Haram Attacks Governor Zulum's Convoy, 7 Policemen, 3 Soldiers Killed by Openbusiness: 8:09am On Sep 26, 2020
According to Buhari, Boko Haram doesn't exist. They have collected amnesty and are now good citizens. This attack is a lie. It was staged and those dead officers are just pretending. Borno Governor should stop deceiving people abeg. Buhari has wiped out Boko Haram......... Mtchwwwwwww. I just pray this Governor won't be killed before he realizes that Boko has govt backing
BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 8:04am On Sep 26, 2020
upower123:
Nice write up.. The reasons are good but nigerians take advantages of everythings. Thank you
That's why it our duty as genuine sellers to educate the public before the public gets misinformed. If you go to Elizade website, you won't see price there. You have to Request for Quote etc which is an equivalent of DM for price. The car dealer that sold the GLE to Bobrisky is in Lekki, I know him, he advertises on Instagram, he is very popular there, and if you ask him for price on his adverts, he will reply DM for price. None of his adverts carry a price tag. He will state it there DM for price. But he is not a scammer, he is 100% legit, 100% has integrity. So it is wrong for people to label everyone that says DM for price as a scammer or con artist. Scammers that scam people or sellers that are deceitful will continue that evil works whether they write DM for price or not.
BusinessRe: FG Survival Fund Chat Room by Openbusiness: 7:53am On Sep 26, 2020
AutosRe: Cheap Brand New 2020 Toyota Landcruiser by Openbusiness(op): 7:51am On Sep 26, 2020
Place your orders
BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 7:49am On Sep 26, 2020
151487made:
Gbe enu oshi ee dake! Shut d fu*k up ur mouth!
grin
BusinessRe: RE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 7:47am On Sep 26, 2020
daddytime:
Lol
I'm a seller (and a buyer too), I walk in both shoes so I know how things are. But I have to make this thread as a counter thread because of some the disturbing scam or con artist claims some people there were making. If we don't address the issue now, before you know it, they will turn it into a "national anthem" and a general public opinion that anyone that posts DM for price (or Call for price, or Request for Quote) is a scammer. That is very wrong. So we have to enlighten the public.
BusinessRE- DM For Price: The Reason Why Many Online Vendors Do It by Openbusiness(op): 7:41am On Sep 26, 2020
Many people on this thread (https://www.nairaland.com/6138119/dm-price-why-online-vendors/3) are just condemning the sellers without taking a walk in the seller's shoes. Some are calling the seller CON ARTIST. Lol. Even the most legitimate business will tell you when you make a public inquiry on a social media page to DM for price. It is not a scam, it is not to defraud anybody, it is a STANDARD business operations procedure on the major social media platforms by all the big business. Even outside of social media, for certain products among legitimate service providers or sellers, they use the term CALL FOR PRICE or REQUEST A QUOTE. CNN won't display their advert rates on their pages. You have to call for price, or send an email to that effect. You can't compare that with a supermarket, a supermarket deals in basic retail for basic commodities. It is a different sales aspect. If you go to Coscharis website or any major car dealerships dealing on brand new products, you won't find price listed on their pages. You have to call for price or request for quote. Go to Innoson official website and tell me whether you will see price there. No! You have to call for price or request for quote , which is an equivalent to DM. Does it mean Innoson is a con artist, like some people are saying here? Or does mean Innoson is a scam that wants to swindle the public and sell a N2 for N300? No! Scam or deceit etc is another aspect and it is not necessarily compulsorily dependent on DM for price. Noz that's not true. The people making this complaint have obviously never walked in the shoes of being a seller dealing with the public before through social media. There are several reasons sellers do it, I will list a few that I believe is general. DM for price or call for Price or Request a quote etc

1) to separate or filter serious buyers from unserious or window shopping buyers. Many sellers are faced with situations of having unserious buyers or time wasters knocking on your door. Maybe out of 20 coming by, only 2 are buying. That's not the problem. The problem is the resources, time, materials and manpower spent and wasted in attending to such people. Personally, you will see some buyer's making inquiries, they ask for everything as in every detail of the product, they ask for pictures, they ask for videos, they ask for review, they ask for price, location etc and THEY DISAPPEAR and walk away. That's ok if it was 1 or 2 people doing so, but when such practice is a norm among the buying public, then it's a problem to the seller for many valid reasons. So in the world of sellers, such Buyers window shoppers are called time wasters and you per seller industry, better ways had to be invented to curb this and filter the serious buyers from the unserious buyers. So to protect themselves timewasters, certain filters were introduced and DM for price is one of the filters sellers deploy. If a buyer feels bothered that a price isn't stated, so bothered and angry to the point that they stop themselves from making the inquiry by contacting the seller privately, trust me as a seller myself (and a buyer too), 90% of such people are timewasters. They don't have anything to buy in the first place. They just want to snoop around for fun or for whatever reason. It is unfair to sellers to waste their resources attending to such people. If call for price is a BIG Issue for you, most likely, price will be a big issue for you and probably don't have money to afford the product to begin with. Because, if you investigate closely, out of say every 10 people that DM the seller for price, after they are told the price, many still don't buy, maybe like only 2 for every 10 price inquiries will turn to sale, even when the price is actually very good and competitive. Why some or many buyers like and enjoy wasting seller's time and resources is a story for another day.

2) it allows the seller to keep track on sales potential. When people DM for price, it goes to show they have certain level of interest beyond the Zero interest. Every interest beyond zero interest has the potential to turn to a sale. It can go on to conclude the sale process or not, but it has a potential nonetheless. People that have zero interest or timewasters, many of them will be filtered out by the DM for price barrier or filter. That you are going the extra mile shows you have some level of interest, so a seller can actually make or compute a pattern out of that to track the sales potential performance of a particular product relative to other products he is selling. The seller can say that, Oh, for product A, 50 people made a price inquiry, but product B, 3 people made a price inquiry, so product A has more potential for sales than B. Because generally the bigger the inquiries, the bigger the sales potential.

3) It gives the seller the opportunity to convert an undecided buyer into a sale. Many buyers out there are undecided. They are confused, they are unsure, they are on the fence and need a little push to get them to buy or not buy. They are what we call "silent buyers", and just like in politics where they use the term "silent majority", youl will discover that many silent buyers are usually the majority as per potential customers. Most of them have interest, but that interest is neutral and sitting on the fence, they just require something extra to push their curiosity. And PRICE is a major something extra that provides that push. Their curiosity about what the price could be, pushing them to initiate a conversation with the seller. Otherwise, many of these silent buyers will just look and look and when that spark of initial curiosity that attracted them to your advert fades, they will just walk away. But by pushing their curiosity further to initiate a conversation with a seller, the seller has created an opportunity for himself to have a discussion that can possibly be the deciding factor that will push such silent buyers to make a purchase. By asking seller for price, he has the opportunity to talk to them about other things or it might just even be they way the seller responded and the buyer likes it and is like Oh, I think this seller is cool, let me buy, and the sale is concluded.

4) It is a basic way to limit scam. Yes you heard me, or do you want me to loud it for you? SCAMMMmmmmm grin. Many people or buyers think it's only buyers that get scammed, but no, sellers get scammed too. So how does price relate to this. IMPERSONATION. Many times, having all the information out there in public domain at once gives scammers a very easy access to wean all info they need without even making any contact with the seller. They just go to his page and copy everything and disappear without the seller even knowing. So sometimes, putting filters or barriers is one of the strategies sellers deploy to limit such opportunity of impersonation by scammers who pose as buyers. Whether this strategy is very effective or not, or how effective is it to combat scam is another topic.

5)
aAK1:
Now I do this but not for the reason everyone is thinking. I run promoted Facebook ads on my business page where I sell exotic animals. Some times in the business you sell eg, a pair of chicken (exotic chicken) for 100k. You state the prices and next thing some ignorant people who behave like all roads lead into their stomach will come and start saying things like 100k for only 2 chicken. If you allow those comments continue, they will mess up your add. It’s best people who are informed call me or send me messages privately
Another very good reason. You have many people like that on Nairaland. They are not interested to buy, they don't have money to buy, but they come around to troll a seller's advert and make provoking comments, because their aim is to ruin the seller's advert thread just to catch fun. Many mad people like that are lurking around social media pages of sellers.

These are some of the valid reasons. You can add yours cool
BusinessRe: DM For Price: Why Do Online Vendors Do This? by Openbusiness: 7:34am On Sep 26, 2020
aAK1:
Now I do this but not for the reason everyone is thinking. I run promoted Facebook ads on my business page where I sell exotic animals. Some times in the business you sell eg, a pair of chicken (exotic chicken) for 100k. You state the prices and next thing some ignorant people who behave like all roads lead into their stomach will come and start saying things like 100k for only 2 chicken. If you allow those comments continue, they will mess up your add. It’s best people who are informed call me or send me messages privately
Another very good reason. You have many people like that on Nairaland. They are not interested to buy, they don't have money to buy, but they come around to troll your advert and make provoking comments, because their aim is to ruin your advert thread just to catch fun. Many mad people like that are lurking around social media pages of sellers.
BusinessRe: DM For Price: Why Do Online Vendors Do This? by Openbusiness:
Many people here are just condemning the sellers without taking a walk in the seller's shoes. Some are calling the seller CON ARTIST. Lol. Even the most legitimate business will tell you when you make a public inquiry on a social media page to DM for price. It is not a scam, it is not to defraud anybody, it is a STANDARD business operations procedure on the major social media platforms by all the big business. Even outside of social media, for certain products among legitimate service providers or sellers, they use the term CALL FOR PRICE or REQUEST A QUOTE. CNN won't display their advert rates on their pages. You have to call for price, or send an email to that effect. You can't compare that with a supermarket, a supermarket deals in basic retail for basic commodities. It is a different sales aspect. If you go to Coscharis website or any major car dealerships dealing on brand new products, you won't find price listed on their pages. You have to call for price or request for quote. Go to Innoson official website and tell me whether you will see price there. No! You have to call for price or request for quote , which is an equivalent to DM. Does it mean Innoson is a con artist, like some people are saying here? Or does mean Innoson is a scam that wants to swindle the public and sell a N2 for N300? No!
Scam or deceit etc is another aspect and it is not necessarily compulsorily dependent on DM for price. Noz that's not true. The people making this complaint have obviously never walked in the shoes of being a seller dealing with the public before through social media. There are several reasons sellers do it, I will list a few that I believe is general. DM for price or call for Price or Request a quote etc
1) to separate or filter serious buyers from unserious or window shopping buyers. Many sellers are faced with situations of having unserious buyers or time wasters knocking on your door. Maybe out of 20 coming by, only 2 are buying. That's not the problem. The problem is the resources, time, materials and manpower spent and wasted in attending to such people. Personally, you will see some buyer's making inquiries, they ask for everything as in every detail of the product, they ask for pictures, they ask for videos, they ask for review, they ask for price, location etc and THEY DISAPPEAR and walk away. That's ok if it was 1 or 2 people doing so, but when such practice is a norm among the buying public, then it's a problem to the seller for many valid reasons. So in the world of sellers, such Buyers window shoppers are called time wasters and you per seller industry, better ways had to be invented to curb this and filter the serious buyers from the unserious buyers. So to protect themselves timewasters, certain filters were introduced and DM for price is one of the filters sellers deploy. If a buyer feels bothered that a price isn't stated, so bothered and angry to the point that they stop themselves from making the inquiry by contacting the seller privately, trust me as a seller myself (and a buyer too), 90% of such people are timewasters. They don't have anything to buy in the first place. They just want to snoop around for fun or for whatever reason. It is unfair to sellers to waste their resources attending to such people. If call for price is a BIG Issue for you, most likely, price will be a big issue for you and probably don't have money to afford the product to begin with. Because, if you investigate closely, out of say every 10 people that DM the seller for price, after they are told the price, many still don't buy, maybe like only 2 for every 10 price inquiries will turn to sale, even when the price is actually very good and competitive. Why some or many buyers like and enjoy wasting seller's time and resources is a story for another day.

2) it allows the seller to keep track on sales potential. When people DM for price, it goes to show they have certain level of interest beyond the Zero interest. Every interest beyond zero interest has the potential to turn to a sale. It can go on to conclude the sale process or not, but it has a potential nonetheless. People that have zero interest or timewasters, many of them will be filtered out by the DM for price barrier or filter. That you are going the extra mile shows you have some level of interest, so a seller can actually make or compute a pattern out of that to track the sales potential performance of a particular product relative to other products he is selling. The seller can say that, Oh, for product A, 50 people made a price inquiry, but product B, 3 people made a price inquiry, so product A has more potential for sales than B. Because generally the bigger the inquiries, the bigger the sales potential.

3) It gives the seller the opportunity to convert an undecided buyer into a sale. Many buyers out there are undecided. They are confused, they are unsure, they are on the fence and need a little push to get them to buy or not buy. They are what we call "silent buyers", and just like in politics where they use the term "silent majority", youl will discover that many silent buyers are usually the majority as per potential customers. Most of them have interest, but that interest is neutral and sitting on the fence, they just require something extra to push their curiosity. And PRICE is a major something extra that provides that push. Their curiosity about what the price could be, pushing them to initiate a conversation with the seller. Otherwise, many of these silent buyers will just look and look and when that spark of initial curiosity that attracted them to your advert fades, they will just walk away. But by pushing their curiosity further to initiate a conversation with a seller, the seller has created an opportunity for himself to have a discussion that can possibly be the deciding factor that will push such silent buyers to make a purchase. By asking seller for price, he has the opportunity to talk to them about other things or it might just even be they way the seller responded and the buyer likes it and is like Oh, I think this seller is cool, let me buy, and the sale is concluded.

4) It is a basic way to limit scam. Yes you heard me, or do you want me to loud it for you? SCAMMMmmmmm grin. Many people or buyers think it's only buyers that get scammed, but no, sellers get scammed too. So how does price relate to this. IMPERSONATION. Many times, having all the information out there in public domain at once gives scammers a very easy access to wean all info they need without even making any contact with the seller. They just go to his page and copy everything and disappear without the seller even knowing. So sometimes, putting filters or barriers is one of the strategies sellers deploy to limit such opportunity of impersonation by scammers who pose as buyers. Whether this strategy is very effective or not, or how effective is it to combat scam is another topic.

These are some of the reasons smiley
RomanceRe: Your Wife Is Probably Sleeping With Other Men If You Notice These Three Things by Openbusiness: 11:48pm On Sep 25, 2020
EducationRe: The Ten Oldest Cities In The World [number 1 Is 11,000yrs Old]. by Openbusiness: 11:44pm On Sep 25, 2020
Hmmm
RomanceRe: As A Guy, What Would You Do To Redeem This Relationship? by Openbusiness: 11:42pm On Sep 25, 2020
LMAO, met his girlfriend again got me laughing. All of them are mad, including the guy that wrote the fake story grin. Nollywood dey learn wia una dey grin
AutosRe: Cheap Brand New 2020 Toyota Landcruiser by Openbusiness(op): 11:30pm On Sep 25, 2020
Brand new, MINT condition
PoliticsRe: 2023: Campaign Poster Of Peter Obi And Kwankwaso Circulates On Social Media by Openbusiness: 11:29pm On Sep 25, 2020
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It is well with my soul
FashionRe: 'Human Satan' Slices Off Nose & Gets Horns Implanted Onto His Head (Graphic Pix) by Openbusiness: 10:06pm On Sep 25, 2020
And some people still think Satan isn't real because science can't explain it with numbers, formulas and tangible calculations... Ok! Kwantinu. Dem no dey tell person
HealthRe: People Defecating In Public Arrested By Lagos Task Force (Disturbing Photos) by Openbusiness: 9:41pm On Sep 25, 2020
grin Dem no even let dar guy sheeeeet finish, nawa oh. Oh, sorry, I forget Ikoyi people dey dis thread. They didn't allow the man to pupu finish grin
AutosRe: Buy Your Cheap Brand New 2020 Cars Here by Openbusiness(op): 9:39pm On Sep 25, 2020
Samakus:
I have been following this thread silently for so long.

One day, I will refer to this comment and say, yes, Grace found me. Till then, I keep hustling.

Good job op
Thank you very much. Your support is truly appreciated.
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AutosRe: Cheap Brand New 2020 Toyota Landcruiser by Openbusiness(op): 8:59pm On Sep 25, 2020
Simple steps to getting your brand new 2020 car.

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AutosCheap Brand New 2020 Toyota Landcruiser by Openbusiness(op): 8:38pm On Sep 25, 2020
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Delivery ETA = 20 days +/- 5
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AutosRe: Cheap Brand New 2020 Nissan Patrol by Openbusiness(op): 8:29pm On Sep 25, 2020
Selling
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