Highest Bidder Mentality again

Big businessmen know the settings for profit. money is spent for more money so don't underestimate such big moves. One of those is setting up a good environment where valuers can converge for bidding. Ok, you can start small or learn small, it is something I have gotten another glimpse of today and yes, it is knowledge.

This market technique goes beyond value into true value. I think I talked about this some weeks ago concerning how it was another bargain over an apartment that was first underpriced.

The entire scenario changed when some renovational touches were done and tenants (or potential tenants better said) were lining up to take pay for The Apartment and yes at a later raised price.

Even talking of that, the current occupant has been informed ahead of the one year expiration date that the house has even added more value. That was without doubt, even after the current renovation, other works were still being later done, an advantage to the current occupant because the newly realized price after everything has not been added to him. If he fails to pay by next year, others will be lining up.

That said, I was witnessing such a scenario again today. The recycling industry is becoming a boomer. It has added value to almost everything especially the hard minerals industries; iron, Copper, aluminum, zinc and so on.

Every of your unused or expired items can put some buck in your pocket. It was such moments again from where I was watching from. To even be more precise, my attention was later called by the seller to solve what looked like a buyers dispute an guess what, it was me who introduced the highest bidder mentality.

The problem solved itself without any further complaints. It was a situation of two buyers pricing for some unused materials (scraps as mostly called over here). It was something worth a better price but when the first buyer came in, his pricing was just very poor.

With the weights of everything I saw he was undermining it ALL. This and that are not that worthing, I mean, he underestimated aluminums what to me was a two way lie.

First, the content inside what was to be sold was not aluminum, it was copper and secondly, even aluminium is very expensive these days. I left them to solve both of their problems. His pay was low and the seller rejected it. That was when he (the scrap buyer) decided to leave. Did he actually leave? We will find out later

After a few minutes, another buyer walked in and the pricing started again. The seller pegged the price finally to the same last price he wanted to sell to the first buyer and it was ‘an almost deal’ situation until the first buyer returned. Without any argument, he brought out the exact amount to pay. I only wished he had complied at first sight. As was putting one or two things together inside my office when he (the seller) called my attention.

Both have agreed to pay my agreed price, what should I do NOW. I just saw both of them there from the window of my office and I told him, give it to the highest bidder.

Guess who was the highest bidder? The latter buyer didn't hesitate to pay the newly raised price. I just looked from my office window and learned. True value is found in the place where many valuers are gathered. It was something I used to watch in movies but at my teenage age, I learned little to nothing about that.

It was just for the excitement of the movie. I have watched a movie where the price of a technological product increase by 100% from its original seller's price. Ok, I don't even have time to look through movies anymore but that was something to recall and it is worth applying in daily businessing.

To conclude, as we are looking forward to a big brand, maybe, it can be a situation to leverage and stay in better profit.

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