Friday, January 30, 2015

Five Things you should never say in a For Sale Ad

I’ve written a few ads that sold a few things over the years, and I’m getting a feel for what works and what doesn’t.  It occurred to me to write some of these things down to share with others, and save you the time and trouble of learning the hard way.
First, a bit of philosophy:  We sell things for many reasons.  Maybe we don’t like that thing anymore, or it doesn’t fit, or we bought a newer, better one or we stole it or whatever.  Once the decision has been made to sell something, we are immediately faced with two questions:  How fast do we want it to sell, and how much do we think it is worth?  Most of the time, the answer is, “I’m in no hurry, and I want to get the most I can out of this thing.”  That’s the best position for you to be in as a seller.
How much it’s worth is a whole nother essay that I’m not going to try to slip in here.  Two things, though:  Forget NADA or Kelley blue book for car values, check the WA DOL website for access to the official state valuation service, called Price Digest.  The numbers you will get from them are lower than NADA or Kelly because they are based on sales reports from every sale reported to the state, both private and dealership, where the NADA guys are just reporting dealer sales.  Kelly’s Private Party values are estimates, I believe.  The other thing is that Craigslist will only tell you the asking price for a thing, but EBay, if you have an account, will tell you actual sale prices in most cases.  The difference between asking prices on Craigslist for cars and bikes and actual sale prices on EBay are dramatic.
Then you have to ask, “Am I willing and able to ship this thing to a buyer, or do I want them to come lay cash in my hand and take it away?”  A related question is, “how much does it weigh, and who gets to pay for shipping?”  The answer to these questions defines your sales approach, as in EBay vs Craigslist, or some other venue.  It’s a given in this day and age that print advertising is pretty much reduced to little old men and women browsing the back pages of the Little Nickel with their reading glasses on, and not worth your time or money as a sales outlet, generally.  The various Auto Trader magazines are better, because people pay for them, meaning they are more likely to be a serious buyer, but even they have driven their cost up and dropped the run-till-it-sells approach that facilitates my favored reverse auction pricing strategy.  Even if print ads are your chosen method, though, good wording is still, if not even more, critical, since you’re paying by the word and each one must work for your money.
So, now you’re ready to sell, and you have the item all cleaned up and presentable, because you know that good pictures are everything in online advertising. Clean cars sell for more than dirty cars.  Craigslist used to allow hosted pictures in their ads, the ones that filled the screen with nice full color pics of whatever it is, but they got tired of sending customers to Photobucket or one of the other hosting services and cut that out.  Now most pictures on Craigslist and EBay look pretty much the same.  I used to think that cell phone pictures were a bad way to go, but even those have been getting better and better as camera quality improves with each new generation of phone.
So you have to clean things up to sell them, and you need a good clear picture set that is taken against a neutral background so your pictures have no competing images to distract the buyer or confuse the outline of the thing.  The last thing you want is someone trying to figure out what part of town you’re in based on the territorial view behind your car for sale.  I like to use the closed garage door or a hedge or something that is uniform in color.  For indoor pictures I use a pastel bedsheet hanging on the wall, or a sheet of tissue paper on a table to blank the background as much as possible.
Ok, now it’s all cleaned up, you’ve taken your pictures, and now you have to sit down and write the ad.  So here’s what not to say:
1.  Price is firm. – This is a dangerous thing to say, unless you are absolutely sure your asking price is low enough to attract a buyer.  Typically, in a barter transaction, which a private sale most resembles, even though the thing being bartered is cash, you have to leave your buyer some wiggle room, and you need to reward them for taking the time to actually show up and look at your thing.  When you say the price is firm the message becomes, “Don’t even bother me if you are willing to pay $50 less than the $9000 I’m asking, because I’m telling you in advance I’m not willing to take it, so don’t waste your time.”  Variations on this theme are, “I’m in no hurry to sell, or I don’t have to sell”, all of which may be true, but the buyer doesn’t need to know that.  So that’s the first principle of ad writing:
Only tell the buyer what they need to know to make a decision to buy your thing, and no more than that.  I take that one step further and try with each ad to tell the whole story of the thing for sale, but that can lead to verbosity and an overload of superfluous detail, as in this sentence, so observe restraint as much as possible.

For example, the following, while true, could actually reduce your chances of selling the thing, in this case a motorcycle:  “…Owned by an 1%er motorcycle club member who only rode it back and forth to his lawyers office, and to and from the clubhouse on meeting nights, and the drags on weekends.”  The foregoing sentence can be entirely replaced with the words, “low mileage”, and that’s all the buyers really need to hear, isn’t it?

2.  Another thing that’s the kiss of death in ad copy is, in the case of a vehicle, “No title”.  No title on a motorcycle means you’re trying to sell a pile of parts and call it a bike.  The state patrol is going to want to inspect the bike before they will allow you to get a title, and they won’t do that until you’ve spent the time and money making it road-worthy, and why would you do that only to take a chance that it was stolen, and you lose it?  If it’s a car or truck, without a title it is a liability to you that you can’t even donate to charity or scrap it out legally without a bunch of effort.  So get the title before you try to sell anything that needs one, or be ready to accept bottom dollar, rather than top.

3. “…or trade for whatever.”  Now the message is, “I want to buy a whatever-it-is , but I don’t have the money, so I gotta sell my whatever-it-ain’t to buy my new whatever, which tells you something about my general approach to life, which is, always look for the easy way out, so rather than sell my whatever-it-is for as much cash as possible, then searching for the best deal on a new whatever-it-ain’t, now I’m gonna restrict my potential buyer list to only those who might have one of the whatever I want, and they also want whatever I’m selling, and their whatever is worth way less than my whatever, otherwise why bother, so now I need someone who fills all my conditions, plus wants to give me a helluva deal.”  Yeah, right, you can count the potential customers for that deal on the smaller toes of one foot, probably.
It is always, always better to sell your thing outright and use the proceeds to buy a new thing.  Trades and swaps always devalue the item, unless one of the traders is a fool, and cash talks better than any line of patter.  This is especially true when trading in a vehicle at the dealership.  By the way, did you know that the average markup on a used vehicle sold off a car lot is $2500.00?

4. “… must sell, or desperate, or getting divorced, or married, or having a baby, or all three at the same time…”  All bad wording choices, for sure.  “Must sell” is code for “I’m ready to give away this piece of junk, sock it to me, daddy”.  If you’re really up against it, just drop the price, and say nothing.  Drop it a little bit every day or every week, and you’ll quickly find out what the bottom dollar is.  Any personal information included in the ad is too much information, especially the getting divorced one.  That scares people off because they’re afraid they’ll say the wrong thing and set you off on a tantrum about your ex, or go postal all over them, and who needs the drama?  Keep it about the car, or the T-shirt, or whatever you are actually trying to sell.

5. “I know what it’s worth, don’t bother to lowball me, Blue Book says it’s worth x amount…”  Here’s a great recent example from Craigslist:   “I have this beautiful bike, it's in great condition but the clutch handle needs to be replaced, not the clutch itself, the handle needs replaced because i fell on it in my garage. It's a total of like 15 or 20 dollars and 5 minutes of work, all you need is a wrench. Anyways I'm selling/trading because I don't have the time for it anymore and it's just sitting in my yard rotting away. never laid down or wrecked and she's a beast. Call or text anytime, im down for a trade or just straight sell. This bike books for over 2 grand in the condition it's in. Just want it gone. $800.”
Heh, heh, looking at the picture on Craigslist, it’s a thoroughly thrashed twenty plus year old Kawasaki Concours of indeterminate mileage (he doesn’t say) with all the fairings and saddlebags removed, making it into a very strange looking naked bike, and he knocked it over in his garage but now it’s rotting away in the back yard, probably for the last several years, but it’s worth 2 grand because the book says so.  “All you need is 20 dollars and five minutes of work” is the most obvious bit of disingenuous mendacity you would expect, and the natural reaction is to turn the page.  Not a good way to sell anything.

Even if the whatever-it-is is really nice, and the price is good, and all is well, save all discussion of price till you have a buyer standing in front of you with cash in their hands.  That’s when you lay it on, whatever it takes to close the deal, but that's another story...  :-{)}

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