I recently decided to further my career by taking the PMP (Project Management Professional) exam. Of course, I’m one frugal girl. I like to clip coupons, use online coupon codes, and search high and low for the cheapest prices. So naturally I started comparing prices when I decided to purchase a test preparation book. I’m not a big fan of eBay, but I thought I might as well research prices there too. After all, I don’t care if the book is second hand. What I found surprised me, although products are initially listed at very low prices, they ultimately sell second-hand, for more than a brand new book at an online retailer.
For example, a search on froogle, for the PMP prep book, (PMP Exam Prep), resulted in prices ranging from $50.59 to $89.00. Rather than purchasing the cheapest book, including shipping, I decided to hold out for two eBay auctions. In the first auction the book listed for less than $10 in the second auction roughly $20. Surprisingly the first auction closed at over $60, the second at $55. So what are eBay buyers thinking? Why would you spend more money for a second hand book that will inevitably arrive in far greater time, than you would for a brand new book that will arrive from a reputable seller? Am I missing a key piece of buying and selling on eBay?