A few years ago I was thinking about adding more RAM to my PC. After a quick search I realized that the price of RAM has been skyrocketing because of shortages related to AI datacenters taking all the RAM. In fact the exact same sticks of RAM I bought about 6 or 7 years ago was worth twice what I paid for it. This is particularly crazy because I would be buying technology that was over 10 years old and there are two newer generations of RAM available.
After seeing the condition of the market I quickly went from trying to buy RAM to wondering if I should sell the RAM I have. It was interesting to think about how scarcity in the market creates supply. Because anyone who is able to sell is financially motivated to do so.
This also really shows just how important it is to be aware of situations and the condition of the market that affects your ability to sell. For example, if you were trying to sell RAM to someone, and the price you give them is twice what they are expecting, there will be a considerable amount of sticker shock. This example goes to show how important it is to get to know your buyer, what they’re expecting, and hopefully what price range they’re expecting before putting a number on your price.
It’s very also important to educate the buyer on these sorts of market conditions which are affecting the price. You don’t want them to think you’re trying to rip them off. But if you can explain that they won’t be able to get a better price anywhere else, that will help. It’s also a good way to serve the buyer by educating them so they can make an informed purchase, even if it’s not with you.
ArmitageEB25
I had a situation just like this back in highschool when I got the new Xbox series X on release day off Walmart. It was almost impossible to get in in your cart and delivered. After I got it me and my father looked at the market for a Series X and they were selling for double the sticker price, so I was financially motivated to sell it and use that money to buy a new set of skis and boots.
This is a great blog, i can relate to this in a way because back in 2018 when i built my first PC there was a huge graphic’s card crisis because of the amount of people crypto mining at the time and buying up the entire new and used market. Pre built PC’s had a lot of problems sourcing parts. and people who bought pre builts don’t know anything about a shortage and sales plummeted because they thought companies were just being greedy.