Selling your Royal Enfield? Believe me, I feel your pain.
I recently blogged here that I would NEVER sell my Royal Enfield motorcycle. But I have sold a different motorcycle, and I have sold cars I now wish I had kept.
I had good reason for selling them, or thought I did. I am sure you have good reasons for selling your motorcycle, if that is what you have decided.
But I see you out there, going through all the stages of grief/indecision/commitment.
I read your advertisements on eBay and Craigslist.
Your first try names a price that is clearly too high. You haven't done your homework, and are picking a figure that reflects how much you value your motorcycle.
OR...
Your first try names a price that is ridiculously too low. Again, you haven't done your homework, and you are applying a dollar amount based on your decision to get it over with and give up the motorcycle.
Either way, you're stunned by the response. Either people ignore you completely, or you suddenly have more offers than you know what to do with.
Too many offers clearly means you have priced your motorcycle too cheaply.
Your second attempt shows that you've looked at other advertisements, and have a better idea what other people are asking for similar motorcycles.
Oddly, this doesn't entirely work either. The problem is that those ads are only still out there for you to read because their asking price is still too high, or their ad is unreasonable.
By "unreasonable" I mean that it may insist the price is "firm." (As if the seller's stiff neck alone could cancel free market forces!)
Or maybe the ad makes the seller seem like someone no one would want to deal with. Phrases like "do your homework," "I erase all texts," "don't waste my time," or "no test rides" only scare prospects away.
Sure, if that is the way you feel, then go ahead and say so, but wait until AFTER the potential buyer reaches out. Save the warning to bring reading gear, motorcycle endorsement and cash until the prospect asks where he can come to see the motorcycle.
Or, maybe your ad is too bare bones.
"What you see is what you get" isn't very helpful if the photos don't show everything good about the motorcycle. Roll it out of the shed before you take the pictures! List the good things about the motorcycle, and list the cons, too.
Even so, there may be few takers.
Winter and around the holidays are usually bad times to sell, for obvious reasons.
Keep in mind that brand new Royal Enfields are selling at prices that make them enormous bargains. They're your competition, and they're awfully hard to beat. You're not going to get rich selling your used Royal Enfield.
Sellers who insist on running their ads week after week are inviting buyers to wonder why no one else is buying.
An even worse tactic is playing with your asking price: say, switching from $3,700 to $3,699. You might as well tell buyers that you are desperate.
However it goes, don't be too hard on yourself. It takes time to find the right person who wants to spend the right amount.
You can expect, in years to come, to glace at the advertisements yourself, wondering what it would cost to buy back that Royal Enfield you let go. It's either going to hurt, or it's going to make you smile.
About 1973 I sold an MGA for a price so low I'm ashamed to reveal it. It was falling apart so fast I just couldn't afford to keep it running. It was, at the time, a 15-year-old car.
Today, a nice MGA will cost many, many, many times the price I got — yet, today, that car would be almost 70 years old!
Should I laugh or cry? I'll say I should laugh: it's certainly not any more reliable now than it was then.
Good luck.


