Calculating Price

Started by HighPrime, July 05, 2010, 06:26:08 AM

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Should the price of an item include all fees associated with its purchase?

NO; the price should not include extra fees; just what was paid for the item.
4 (80%)
YES; the price should include all fees paid, including shipping, taxes, custom fees, etc.
1 (20%)
OTHER; See my post below.
0 (0%)

Total Members Voted: 5

Voting closed: July 05, 2010, 06:26:08 AM

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HighPrime

July 05, 2010, 06:26:08 AM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Anyone, ;)

When entering in your item's price paid, do you included taxes, shipping, etc.? Or just the EXACT amount paid for the item exclusive of fees?

I include all net costs associated with the purchase, but just wondering what others are doing.
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shmax

#1
July 05, 2010, 08:49:33 AM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Our first poll! I didn't even know you could do that. If I may chime in here, I would personally urge you not to include additional charges like shipping and customs. The reason is that I plan to use that data to supplement our appraisal data. The shipping can be thought of as being arbitrary, and is after the fact. The fact that you happened to live on the other side of the world than the seller doesn't change the fact that he only wanted $10 for it. I can see why you'd want to record it for your own purposes--maybe I should add a little "shipping" field to the form. What do you think?

HighPrime

#2
July 05, 2010, 10:23:20 AM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Quote from: "shmax"
Our first poll! I didn't even know you could do that. If I may chime in here, I would personally urge you not to include additional charges like shipping and customs. The reason is that I plan to use that data to supplement our appraisal data. The shipping can be thought of as being arbitrary, and is after the fact. The fact that you happened to live on the other side of the world than the seller doesn't change the fact that he only wanted $10 for it. I can see why you'd want to record it for your own purposes--maybe I should add a little "shipping" field to the form. What do you think?
Honored to be the first.  Got your note last night about watch function working (which I implemented on 2 items  :P soon after), so I decided to make some noise in the forums (also at your gentle nudging :) )

grrr... lol ;-)   I guess from my perspective, I just lump everything together, so I can determine what the appreciation/depreciation factors are on my purchase if when I go to sell. I don't use TFs as an investment (most of my collection is open), but I still want to know what I paid altogether.  I'd have a serious number of figures to update if your suggestion is the 'better' method  :lol:  The shipping field or "other costs" (meaning all post-associated fees, taxes, etc.)  going forward (and perhaps a few months back) would be great.  However, I have years of items that'd I'd have to look back on.  (wish your DB was here around 2002!)  It'd be all but impossible to separate these costs at this point in my mind.

Don't take this the wrong way, but I'm not entirely confident on just how accurate these prices are other than MSRP.  I'm going to pick on you for a moment :)))))))

I'm looking at your fun facts and you've a purchase that was in 1969 (for a toy that came out this year). If people aren't notating the data correctly in all aspects, the results are tainted.  Plus, you're relying on the honor system for just about all data that a user uploads (excluding things like photos, manufacturer data, and the like).  Unless people are uploading scanned receipts, the prices and timelines of the purchase are an assumed fact (from the perspective of the DB) at best ;)   ...and there's nothing stopping members from saying they own X toy and paid X amount for it, even though they don't actually own it.  I know my collection claims are accurate, but people just have to take me at my word.

Ending on a super-postive note, prices, rank, fun facts are all just icing.  As far as usefulness, this site is unmatched.  I finally have a handle on my entire collection and can download the data at anytime, be able to insure properly.. everything.  Plus, if I'm unsure about any figure, I can just head on over and look up the data - no more scouring the web with google.  That, in and of itself, is the single greatest feature.  I tip my hat to you and those who helped make this happen.

P.S. - I have plenty of figures that I can upload photos with - soon as I finish moving - I'll be contributing for sure :)
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shmax

#3
July 05, 2010, 11:37:40 AM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Quote from: "HighPrime"
grrr... lol ;-)   I guess from my perspective, I just lump everything together, so I can determine what the appreciation/depreciation factors are on my purchase if when I go to sell. I don't use TFs as an investment (most of my collection is open), but I still want to know what I paid altogether.  I'd have a serious number of figures to update if your suggestion is the 'better' method  :lol:  
Well, for appraisal purposes there's no "if" about it. Again, if an item sells on eBay for $1 on average, then that's the number I need for my data, not the $12 you may have paid for shipping. I agree that's not clear from the interface, and in fact this is the first time the issue has ever come under serious discussion.

Quote
Don't take this the wrong way, but I'm not entirely confident on just how accurate these prices are other than MSRP.
You mean the user-entered collection data? Yes, naturally it can't be fully trusted, which is why it's not currently in use by the appraisal system. I do plan to use it, however, to supplement the more trustworthy auction data in emergencies, meaning cases where we simply don't have any auction data, but we do have a handful of user data points to average.

Quote
I'm looking at your fun facts and you've a purchase that was in 1969 (for a toy that came out this year). If people aren't notating the data correctly in all aspects, the results are tainted.
Whenever you see 1969, it's a data bug. Please send me a link to the page with that number on it, and I'll see if I can track it down.

Quote
Plus, you're relying on the honor system for just about all data that a user uploads (excluding things like photos, manufacturer data, and the like).
Are you talking about the toy data on the details pages? Everything is researched and verified by our site mods, who are very strict on accuracy (and in fact, any new records or changes are quarantined until they get approved). They've actually rejected a few of my own attempts at data entry!

Quote
Unless people are uploading scanned receipts, the prices and timelines of the purchase are an assumed fact (from the perspective of the DB) at best ;)   ...and there's nothing stopping members from saying they own X toy and paid X amount for it, even though they don't actually own it.  I know my collection claims are accurate, but people just have to take me at my word.
Ah, yes, for the collection data, you're right, strictly speaking there's not much I can do to verify absolute accuracy. However, there are endless ways of analyzing this information (the field of statistics) in such a way to recognize trends, and discard data points that are obviously fictional. I haven't gotten around to using this data for anything yet, but when the time comes you can be sure it will be used conservatively, and only after the proper processing.

Quote
Ending on a super-postive note, prices, rank, fun facts are all just icing.  As far as usefulness, this site is unmatched.
Ah, now that's what we like to hear! Please oh please, help spread the word. The site has nearly 1200 members now, but I can count the number of times we've been mentioned in other discussions around the web on two hands.

Quote
I finally have a handle on my entire collection and can download the data at anytime, be able to insure properly.. everything.  Plus, if I'm unsure about any figure, I can just head on over and look up the data - no more scouring the web with google.  That, in and of itself, is the single greatest feature.  I tip my hat to you and those who helped make this happen.
If your aim was to make me blush like a schoolgirl, then mission accomplished! For all of the amazing data entry, you have the site's users to thank. They come and go, but Engledogg in particular deserves special mention, as he has contributed and verified more than ten thousand records. SoS is also a tireless contributor (he's added more than two dozen records this week).  

Quote
P.S. - I have plenty of figures that I can upload photos with - soon as I finish moving - I'll be contributing for sure :)
Yes, indeed! I see that you're actually #5 on our list of People That Can Potentially Supply Lots of Photos, with 3292 possible photos. If you're willing to make a serious effort to get a light box together and jump through all our finnicky little hoops to produce "reference quality" photos, I'm generally willing to help sponsor the effort. Shoot me a PM and we can talk about it.

Thanks for all the great feedback!

HighPrime

#4
July 05, 2010, 12:45:57 PM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Quote
Well, for appraisal purposes there's no "if" about it. Again, if an item sells on eBay for $1 on average, then that's the number I need for my data, not the $12 you may have paid for shipping. I agree that's not clear from the interface, and in fact this is the first time the issue has ever come under serious discussion.
I've no qualms about that, just a separate line is needed, though.  However, like I said before, I won't be able to go back and update pieces which I bought years ago.  We'll just have to compromise (please!!?? ;-) that going forward, provided there's an interface to input extraneous costs, price should only include the price for the item.  Another question though, how would you factor trades?  What about items that shipped for free (and seller didn't include postage cost on box, etc.) Or what about items bought in large lots or that have special circumstances, for example:  I just picked up the G1 contructicons; only a sealed sample would be in better shape, stickers unapplied, bubbles attached, mint.  However, the cost of picking this up also included special display cases that are U/V resistant, etc.  AFA didn't grade these (loose), but the cases were part of my cost, nonetheless.  What formula would be used to separate these custom cases from the cost of the figures?  I suppose that would be on me to ask the seller, but that's data the seller may not recall accurately.

Quote
You mean the user-entered collection data? Yes, naturally it can't be fully trusted, which is why it's not currently in use by the appraisal system. I do plan to use it, however, to supplement the more trustworthy auction data in emergencies, meaning cases where we simply don't have any auction data, but we do have a handful of user data points to average.
Yes, I mean the user entered data :)

Quote
Whenever you see 1969, it's a data bug. Please send me a link to the page with that number on it, and I'll see if I can track it down.
The Battle Blades Bumblebee you picked up is exhibiting the error.  Don't have a link, but it's in your signature ;)

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Are you talking about the toy data on the details pages? Everything is researched and verified by our site mods, who are very strict on accuracy (and in fact, any new records or changes are quarantined until they get approved). They've actually rejected a few of my own attempts at data entry!
No, just the user entered data.  I would not be so bold as to make a sweeping claim that you guys don't know what you're doing,  :lol: If I (anyone else) find what we believe is an error, that's another (relatively minor) matter.  Nobody's perfect. :)

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Ah, now that's what we like to hear! Please oh please, help spread the word. The site has nearly 1200 members now, but I can count the number of times we've been mentioned in other discussions around the web on two hands.
I'm doing what I can.  I have this site in my signature at Seibertron and TFW2005 :) I stumbled upon your site because I found some other member with it in his signature.  And what timing!  I was planning to make some sort of inventory spreadsheet for myself.  Completely unnecessary now (would have been half-bakded, anyway  :lol:  )

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If your aim was to make me blush like a schoolgirl, then mission accomplished! For all of the amazing data entry, you have the site's users to thank. They come and go, but Engledogg in particular deserves special mention, as he has contributed and verified more than ten thousand records. SoS is also a tireless contributor (he's added more than two dozen records this week).
I extend my gratitude to all you've mentioned as well.  Thanks a ton!


Quote
Yes, indeed! I see that you're actually #5 on our list of People That Can Potentially Supply Lots of Photos, with 3292 possible photos. If you're willing to make a serious effort to get a light box together and jump through all our finnicky little hoops to produce "reference quality" photos, I'm generally willing to help sponsor the effort. Shoot me a PM and we can talk about it.
I'm willing to make that effort and would love to help out!  I''ll send you a PM in a bit.  Many thanks for the opportunity!
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engledogg

#5
July 05, 2010, 01:36:49 PM Last Edit: December 31, 1969, 04:00:00 PM by Guest
Quote
They come and go, but Engledogg in particular deserves special mention, as he has contributed and verified more than ten thousand records.
17,568...but who's counting?  ;-)

MIKE
engledogg
Dumba$$ that used to buy everything...not so much anymore.

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