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Subject: 
Re: Good Trader List proposed
Newsgroups: 
lugnet.market.theory
Date: 
Wed, 1 Dec 1999 14:44:37 GMT
Viewed: 
381 times
  
In lugnet.market.buy-sell-trade, Frank Filz writes:
One thing which can be a problem with a "good trader" list is the
implication that if you're not on the list, you're a bad trader. I see
this a lot with eBay. How do you get yourself started (a big part of my
suggestion - don't kick off with your prized set, or 20 sets, kick off
with one set, or perhaps a few, push for feedback (and I always identify
in my feedback that the person is a seller, I look for evidence that the
person has sold, I also always try and read the neutral and negative
feedback - just put one seller on my don't buy list, had a large number
of neutral and negative feedbacks about pirated/copied CDs, though
otherwise their trade record looked good))?

followups to lugnet.market.theory

Actually, I'd rather like the idea of a comprehensive list, rather than an
exclusively bad or exclusively good list. For example, let's say Joe X. is a
"bad" trader. Suppose 14 people have dealt with Joe and have all gotten burned.
If he advertises that he's got a great set and I try to buy it and look for his
name on the "good" list, I won't find it. And if we don't have a bad list, I
won't find it there either. Hence, I'd probably assume him to be a well
intentioned newbie, and I'd most likely get burned as well, and nobody can
benefit from my experience except him, who walks away with my money.

On the other hand, suppose that I restrict myself to only "good" sellers-- as
Frank points out, it might be tough to *get* on the list because you really
need a good reputation to be on it, and you'll have a harder time getting any
reputation at all if you're not already a good seller... Plus, a lot of good
stuff is offered by legitimate newbies, like those who really aren't AFOLs but
want to auction off their old sets. Restricting myself to "good" sellers cuts
down on the available market (but also risk, which IS a good thing).

Of course, having only a "bad" seller list is also rather unhelpful. Especially
since there ARE people out there that have had rough times, and there have been
plenty of confusion issues out there due to language barriers, international
shipping issues, etc. Getting one or two bad reports could therefore ruin the
reputation of someone who really is a trustworthy trader.

Hence, I'd recommend something similar to Ebay's system-- give positive and
negative feedback for each transaction you have with someone, preferably giving
as many details as possible (% completeness, piece condition, promptness,
communication, etc). Note, that's saying all the details are optional, not
required... Anyway, that's the method I'd most like to see implemented-- the
more information the better, good or bad.

$0.02,
DaveE



Message has 1 Reply:
  Re: Good Trader List proposed
 
Just to confuse matters even more... Recently I ran an auction on eBay to sell an 'Android Base'. The high bidder had less that favorable feedback. Rather than just toss in the towel, I made sure my intentions (as the seller) were clear and (...) (25 years ago, 3-Dec-99, to lugnet.market.theory)

Message is in Reply To:
  Re: Good Trader List proposed
 
One thing which can be a problem with a "good trader" list is the implication that if you're not on the list, you're a bad trader. I see this a lot with eBay. How do you get yourself started (a big part of my suggestion - don't kick off with your (...) (25 years ago, 1-Dec-99, to lugnet.market.buy-sell-trade, lugnet.market.theory)

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