The Top Ten Ebay Bargains of 2007, Part One
December 18th 2006 03:39
What are unwise people doing with their money this year?
Hunting down the Top 10 toys of 2006. Forbes has the list. I have the antidote. Common sense.
If you bought a Tickle Me Elmo when they first came out in the store, you’re sitting on a gold mine. People will pay absurd amounts on Ebay to get their hands on this cute little red guy. I love Ebay in general, but now is not the time to shopping there for these hot gifts because the market is going nuts. Ebay is a bargain when it’s a Buyer’s market (i.e. lots of sellers selling to fewer buyers.) What we have right now is a crazy scarcity principle playing out. More demand, less supply, equals a big payday for those who were wise enough to buy hot toys at the start of the season.
Don’t you be the one who gives them an extra holly jolly Christmas by paying an absurd amount for a toy that’s really not worth it. I’ve written before that the meaning of Christmas can’t be found in toys, but let me reiterate it again. You can find perfectly nice presents that won’t cost you the absurd amount you’re going to pay for these toys.
Let me start with the two worst possible Toys you could purchase: a Nintendo Wii or a Play Station III. WII or III, it matters not to me. Either are financially stupid gifts.
Other toys you can argue might come back. Tickle Me Elmo has been a hit for several years, so it’s not as bad a deal.
What happens with Video Game systems over time is that the price for them drops like a rock. What these means is that you buy it and you’re most likely stuck with it. The kid gets tired of it after a couple years and they’re not going to be able to resell it.
The big names in Video Game Consoles drop like a rock. You can get a nice Nintendo 64 on Half.com for $25, when it was around $200 when it came out. That’s not such a bad beating if you have fun with it, but these consoles are going for three times their value on Ebay. Think about that. You buy a Play Station III for $1,500 online and in ten years, it’s worth $25. That’s insane. Just don’t do it.
Hunting down the Top 10 toys of 2006. Forbes has the list. I have the antidote. Common sense.
If you bought a Tickle Me Elmo when they first came out in the store, you’re sitting on a gold mine. People will pay absurd amounts on Ebay to get their hands on this cute little red guy. I love Ebay in general, but now is not the time to shopping there for these hot gifts because the market is going nuts. Ebay is a bargain when it’s a Buyer’s market (i.e. lots of sellers selling to fewer buyers.) What we have right now is a crazy scarcity principle playing out. More demand, less supply, equals a big payday for those who were wise enough to buy hot toys at the start of the season.
Don’t you be the one who gives them an extra holly jolly Christmas by paying an absurd amount for a toy that’s really not worth it. I’ve written before that the meaning of Christmas can’t be found in toys, but let me reiterate it again. You can find perfectly nice presents that won’t cost you the absurd amount you’re going to pay for these toys.
Let me start with the two worst possible Toys you could purchase: a Nintendo Wii or a Play Station III. WII or III, it matters not to me. Either are financially stupid gifts.
Other toys you can argue might come back. Tickle Me Elmo has been a hit for several years, so it’s not as bad a deal.
What happens with Video Game systems over time is that the price for them drops like a rock. What these means is that you buy it and you’re most likely stuck with it. The kid gets tired of it after a couple years and they’re not going to be able to resell it.
The big names in Video Game Consoles drop like a rock. You can get a nice Nintendo 64 on Half.com for $25, when it was around $200 when it came out. That’s not such a bad beating if you have fun with it, but these consoles are going for three times their value on Ebay. Think about that. You buy a Play Station III for $1,500 online and in ten years, it’s worth $25. That’s insane. Just don’t do it.
| 56 |
| Vote |
