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Old May 18th, 2009, 02:18   #1
strikerkmd
 
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stupid question

what does obo mean ? probably something obviouse but i have no idea lol:banghead:
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Old May 18th, 2009, 02:19   #2
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Or Best Offer.
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Old May 18th, 2009, 02:26   #3
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It is however bad etiquette to go massively under the asking price. Usual contract zone might fall about 10%-20% less than asking price.

Asking the seller to slash his price in half shouldn't be done, for example.
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Old May 18th, 2009, 03:27   #4
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If ever have similar questions...

http://www.urbandictionary.com/define.php?term=Obo


Good resource!
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Old May 18th, 2009, 03:30   #5
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OBO refers to the retailers fall back plan on offers saying "hay iam asking 100$ if i fell like i need to get rid of it ill sell it to the person with the best offer!" its also uses as a type of advertising letting people know "hes kinda asking a few $ more than expected but at least hes not a jackass about it"

hope this helps pardon my french
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Old May 18th, 2009, 03:34   #6
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It's also bad etiquette to repeat the exact explanation quoted above for the simple purpose of padding your post count.

On a related note, it's also bad etiquette to reply to a thread without taking the time to read the responses already added.
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Old May 18th, 2009, 09:27   #7
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I find "or best offer" is actually a bad thing to put in a for sale thread right away. The only time it's really useful is if you want a fast sale. Every time I've put OBO, I've been lowballed or offered below my asking price for an item, yet when I leave it out, I never have an issue actually getting my asking price.

Sure, it's part of trade negotiation and all that, and should say "I'm open to negotiating the price", but I find more often than not it tells potential buyers you're perfectly willing to settle for less -and thus will be offered less.
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