Making a profit on eBay

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Capitalism is an economic system. Catholicism is a moral system. The two have little to do with one another except that one must follow the teachings of Catholicism while in a capitalist environment – no different than any other situation. I’m not sure what you were trying to say here. Do you believe the two to be mutually exclusive?
The principle of capitalism is to maximize profit. In many circumstances, Catholicism imposes moral conditions which go against the idea of profit at all costs.

In this case, capitalism would argue that the eBay profiteer should take the $100 profit, whereas Catholicism takes other issues besides the profit into account.
 
I think a seller has an obligation to inform a buyer about his product – not someone else’s product. At the same time, a seller should not scam a buyer or talk them into anything they will regret. If the buyer asks how your prices compare to other sellers, tell them the truth. Then tell them why – what ever those reasons may be. I think that is honest business.

I think the main question here is this: Is is reasonable to believe that an omniscient customer would buy your product?

If the answer is ‘no’, then you may be taking advantage of people. If the answer is ‘yes’, then you are not taking advantage of people so long as you are honest in your dealings.
Good point. I was going to also add that deception and being unforthcoming with the truth are not the same things. If a person practices deception, it is usually his intent to follow it through the transaction. The deal, having been made, and the price paid, the deception becomes a sin because you deceived someone into an unfair arrangement.

However, in being unforthcoming with the truth initially (in hope of reeling the customer in so they perform a closer observation of your product and hopefully want to buy it), but being open to telling the the truth if questioned, is not the same as deception, since in this scenario, the seller does not intend to deceive the potential customer. The customer, by asking questions, is rewarded with tips, suggestions, and advice. In the world of business and trade customers exchange consideration of purchase (window shop, browse) in exchange for the understandable ambiguity that exists about the product until closer inspection. It is only until the customer desires more information that more information can be given about a product. It is at this point that the seller comes into the picture and has the means to be honest or dishonest and how he exercises this and is able to exercise this depends on his interaction with the customer.

When you walk into a store, what does a salesman say, usually? “How can I help you?”.

If the customer just says “I’m just looking”, which is typical from a customer caught off guard, then it is only the salesperson’s responsibility to mention any popular items or sales they have going on, and then to say “if you need anything feel free to ask”.

The salesman has done his job morally and this is not changed by whether or not the customer takes him up on his offer for more information. It is not the job of the salesman to sabotage his own company’s efforts or profits, work against his own role in the company, at any point in the offer for additional information or assistance. Only if the customer asks questions directly related to price would the salesman be required to be forthcoming. If the salesman is a good person, lets say a christian, then he’s morally/religiously obligated, I think, to tell the customer where the real deal is, if the salesman is aware of it.This is an act of charity that God will reward, I think.

Before that has the possibility of happening, however, it is not the salesman’s job to go out of his way and do the research for the shopper or to sabotage his own company’s profits, as you could argue that in referring a customer elsewhere (without first trying to make some business with them, for your company), you are depriving your company of a sale, which, in the greater scheme of things, impoverishes your company, and, in turn, reduces the paychecks of your fellow employees, as the company is less financially stable and less able to provide full benefits, raises, etc. That would not be an act of charity, as you put the needs of one before the needs of many and before you attempted to do your job. Your co-works, managers, and bosses are counting on you to help make the company financially successful. Employees would understand if a fellow salesman’s negotiation ended in a failure, and so could see there’s no harm in giving the customer a free tip, since nothing can be salvaged from this failure, but the salesman owe it to his profession, co-workers, and bosses to try to make the deal go through. I know this is an extreme example, as 1 ‘honest’ salesman most likely wouldn’t be the ruin of a company, but if there were enough people like him it would be a problem, which gives this example validity.
 
The principle of capitalism is to maximize profit. In many circumstances, Catholicism imposes moral conditions which go against the idea of profit at all costs.

In this case, capitalism would argue that the eBay profiteer should take the $100 profit, whereas Catholicism takes other issues besides the profit into account.
Catholicism imposes restrictions and limitations on all activities and philosophies. Capitalism is no different than any other.
 
If I were to dig a hole in the ground and walk away from it, would it be a sin if someone were to fall into it because they were walking with their eyes closed? To be more specific, let’s say I dug the hole because I was hoping an animal would fall in so I could eat it for dinner. So is it a sin if a person falls in? They are not my intended target, and I did not disguise the hole in any way. Am I morally obligated to put a fence around the hole, so that any people walking with their eyes closed won’t fall in?
 
Tell me if you think there is anything wrong with doing this.

The Nintendo Wii is a video game system that is somewhat hard to find. A circuit city near my house has them in stock for $250. The going price on eBay for a Wii is about $350. My idea was to buy a Wii and list it on eBay. I wouldn’t think there is anything wrong in that by itself, but…

Gamestop.com sells a Wii Bundle where the buyer can buy it with a few extra perks for $350.

My dilemma is whether or not it is wrong for me to try to make a profit when I would probably sell a Wii for about $350 to a person who could buy the Wii Bundle for the same price and get more items.
Yes it is wrong and immoral. You’re abusing the situation and offering something to someone at an unfair price. You’re selling it for that price when you could tell them, “Hey you can go to X and get it for $250.” It’s not a fair practice and in my mind immoral. It’s unjust.

Pax Christi tecum.
 
Yes it is wrong and immoral. You’re abusing the situation and offering something to someone at an unfair price. You’re selling it for that price when you could tell them, “Hey you can go to X and get it for $250.” It’s not a fair practice and in my mind immoral. It’s unjust.

Pax Christi tecum.
In what way is he abusing the situation? He is simply putting it up for sale; it is the buyer’s decision if they want to pay that price or look for a better one. It is not the seller’s responsibility to inform the buyer of the price of every other seller.
 
In what way is he abusing the situation? He is simply putting it up for sale; it is the buyer’s decision if they want to pay that price or look for a better one. It is not the seller’s responsibility to inform the buyer of the price of every other seller.
Because he knows. As Christians we can’t live as “every man for himself.” We are required to live in charity with our neighbor. How charitable is it to do this sale? Let me ask you: if you found out after you bought it that he got it for $250 for Target and sold it to you for $350, would you be pleased? It is not charitable. It is unjust. Every action is not autonomous.

Pax Christi tecum.
 
Because he knows. As Christians we can’t live as “every man for himself.” We are required to live in charity with our neighbor. How charitable is it to do this sale? Let me ask you: if you found out after you bought it that he got it for $250 for Target and sold it to you for $350, would you be pleased? It is not charitable. It is unjust.

Pax Christi tecum.
So it’s immoral ever to make a profit?

How charitable is it to eat that sandwich you were going to have for lunch? Wouldn’t it be morecharitable to give it away? The problem with this logic is that one must take care of oneself also. My point is that it isn’t charitable to sell the Wii for more than you bought it, but it is not uncharitable either. Don’t get me wrong, I’m a big supporter of charity. I’m just saying that it isn’t immoral do something just because it isn’t necessarily charitable.

If I found out I had bought something for more than I could have gotten it elsewhere, I would most certainly not feel wronged. I would feel regretful that I had not explored my other options before buying.
Every action is not autonomous.
What do you mean?
 
Because he knows. As Christians we can’t live as “every man for himself.” We are required to live in charity with our neighbor. How charitable is it to do this sale? Let me ask you: if you found out after you bought it that he got it for $250 for Target and sold it to you for $350, would you be pleased? It is not charitable. It is unjust. Every action is not autonomous.

Pax Christi tecum.
I’d say that he could charge for the “service” of getting one when they are so scarce. However, most people know that they can get them cheaper if they stood in line, called daily to check on stock, etc. etc. I don’t think most people think they are getting a good deal when buying something on ebay they know they can’t get at the stores because they are sold out. Placing for bid is legal. No discussion about that.

I think the “most people are naive about the real price” argument is not justified. I do think that it’s improper for so many to scoop up supply to sell at a premium. the $100 profit they make is a tad much for the ‘work’ involved. It’s like if everyone stood at the pump and pumped your gas for you for $1/gal more. And you weren’t authorized by the gas station to do so. Yes, one can get gas but one has to pay more because someone stood between you and the retail outlet. It may be legal, but it’s not fair unless agreed to before hand.

Personal shopping services are legal and moral. You do the work for a percent above what you go to buy and agree up front. Personal Shoppers don’t have a stockpile in the back room waiting for customers.
 
So it’s immoral ever to make a profit?

How charitable is it to eat that sandwich you were going to have for lunch? Wouldn’t it be morecharitable to give it away? The problem with this logic is that one must take care of oneself also. My point is that it isn’t charitable to sell the Wii for more than you bought it, but it is not uncharitable either. Don’t get me wrong, I’m a big supporter of charity. I’m just saying that it isn’t immoral do something just because it isn’t necessarily charitable.

If I found out I had bought something for more than I could have gotten it elsewhere, I would most certainly not feel wronged. I would feel regretful that I had not explored my other options before buying.
I am taking for granted that this person can get this product if they wanted to do so. A profit isn’t immoral - a disproportionate profit is immoral especially when the one profiting has done absolutely nothing to deserve it.

What I meant by every action is not autonomous was to say that our actions involved and affect other people. We cannot just look at what we’re doing and say, “Well if the old chap pays for it then it must be moral!” No, we have to look at the action from both points of view to see if it is unjust to either party involved; just because someone is willing to do something or pay something that doesn’t make it just and right.

Pax Christi tecum.
 
I am taking for granted that this person can get this product if they wanted to do so. A profit isn’t immoral - a disproportionate profit is immoral especially when the one profiting has done absolutely nothing to deserve it.
Why is it disproportionate? The seller has something, and is saying, “hey, if you want this I’ll give it to you for this amount of money.” They buyer either says “okay” or “no thanks”. In either case, the seller is doing nothing wrong. And how do you determine whether the one profiting deserves it?
What I meant by every action is not autonomous was to say that our actions involved and affect other people. We cannot just look at what we’re doing and say, “Well if the old chap pays for it then it must be moral!” No, we have to look at the action from both points of view to see if it is unjust to either party involved; just because someone is willing to do something or pay something that doesn’t make it just and right.
Right, and just because someone is willing to pay more at one place than another doesn’t make it unjust and wrong.
 
You’re abusing the situation and offering something to someone at an unfair price.

. . .

It’s not a fair practice and in my mind immoral. It’s unjust.
And what determines what a “fair” price is? I have two items in front of me. Item “A” has a SUGGESTED retail price of $49.95 and it cost me $33.33 to get. If I sell it at the SUGGESTED retail price, that will represent a 50% mark-up and a gross profit of $16.62. Item “B” has a SUGGESTED retail price of $29.99 and it cost me $15.00 to get. If I sell it at the SUGGESTED retail price, that will represent a 100% mark-up and a gross profit of $14.99.

Are those prices fair? They are the SUGGESTED retail price for the items. On item “A” I’m only making 50% while on item “B” I’m making 100% but the dollar amount that I’m making on item “B” is smaller than the dollar amount that I am making on item “A” even though the percentage is greater.

Are those prices fair? Who decides and what is the basis for that decision?
Yes it is wrong and immoral.

. . .

You’re selling it for that price when you could tell them, “Hey you can go to X and get it for $250.” It’s not a fair practice and in my mind immoral. It’s unjust.
Does that mean that I should tell my customers to do directly to my distributor and getting it from them?

Does that mean that all Catholic store owners and businessmen should not charge a markup on the items that they sell but instead go out of business and send the customers to deal directly with the distributors?
 
The principle of capitalism is to maximize profit. In many circumstances, Catholicism imposes moral conditions which go against the idea of profit at all costs.

In this case, capitalism would argue that the eBay profiteer should take the $100 profit, whereas Catholicism takes other issues besides the profit into account.
Exactly! Glad to see someone with this understanding. Catholicism does not accept unlimited profit.

Pax Christi tecum.
 
Price is supposed to be based on what has gone in to making the product and what the workers need to provide for themselves, not just what the market allows. In this case this individual is doing essential nothing except buying the thing and then selling it for 40% of the cost of the item. That seems like a high mark-up for gas-ing up the Chevy and driving to Target. Essentially he has done nothing worthy of the profit.

This whole thread shows how sad capitalism is - it’s based on how much someone is willing to pay regardless if it is fair or just.

If I bought a Wii for $350 knowing I could probably find it in a store for $250 I’d be pretty unhappy and upset. It’s up to you to decide but consider the other person too.

Pax Christi tecum.
 
Well put it this way. If some kid who saved up all his pocket money went and paid 2000 dollars for it because he didn’t know any better - would it still be moral to take that money from him?
Well, I don’t know about American law, so I’m going to answer based on our laws. According to the law here (if I remember my lessons in Corporate Law correctly), people under 18 are unable to enter into any “contracts”, or buy anything in the price-range of what we’re speaking of here.

Therefore: By Danish law, that trade would be invalid, and hence, it would be immoral, because the seller would have known that any such trade would be invalid.

I say as many others here have: Buy, and sell in good conscience. You don’t force anyone to buy anything, and you run the risk of not being able to get it off your hands.
 
Exactly! Glad to see someone with this understanding. Catholicism does not accept unlimited profit.
Catholicism does not accept unlimited profit on necessities of life such as food, shelter, clothing, etc. – on the things that we NEED.

If there was some natural disaster, it would be wrong for me to raise the price on items that people NEED. There is nothing wrong in charging HUGE amounts for things that people do not need but merely want because it all comes down to supply and demand. If I charge too much, nobody or very few people will buy it resulting in me not making and money and forcing the price to adjust itself accordingly.
 
If I bought a Wii for $350 knowing I could probably find it in a store for $250 I’d be pretty unhappy and upset. It’s up to you to decide but consider the other person too.
Pax Christi tecum.
If you paid an extra $100 knowing full well that you could save those $100 by buying elsewhere, then, pardon my French, you’re just plain stupid.

If you paid 350, and LATER found out that you could have gotten it for 250, it’s your own fault for not investigating the market further - thereby finding a price more to your liking.

In any case - it is YOUR responsibility as the purchaser to find the product you desire for a price you want to pay. It’s not the seller’s responsibility to say “Look, you can get this $100 cheaper by going to a store”

UNLESS you ask him!
 
Catholicism does not accept unlimited profit on necessities of life such as food, shelter, clothing, etc. – on the things that we NEED.
Where in the Catechism did you find this exception/loophole?
 
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