Magic Kingdom Music Academy

Pricing: Field Application

A vendor wants to price a used instrument at nearly its original retail price, reasoning that it "still works perfectly."

Pricing: Field Application

Field Scenario

A vendor wants to price a used instrument at nearly its original retail price, reasoning that it “still works perfectly.”

What You Actually Explain

  • Price should reflect actual current condition, not original retail price or personal attachment
  • Researching comparable listings gives a realistic pricing benchmark
  • An overpriced item relative to its actual condition will likely sit unsold
  • Marketplace fees should also be factored into the pricing decision from the start
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