Contacting Sellers in Their Market
Once available goods that meet the needs are identified, the person who needs them will contact those who may have them available for sale.
- In some cases those who sell goods extend offers to sell their goods to
anyone who is interested in buying them, i.e. equipment, machinery etc.
- In other cases interested sellers and interested buyers might meet in an
open bidding market to set acceptable prices for the sale and purchase of goods.
Open market arrangements require some understanding of how the market operates and any particularly important terms, conditions or peculiar requirements applicable there. Bidding on goods only makes sense if the buyer who is bidding is certain that the goods satisfy her needs. This requires the buyer to investigate the goods before making any decision to bid on the goods.
- If the seller of these goods is not actively offering to sell the goods to
interested buyers, the potential buyer must contact the seller to inquire if
goods are available for sale and about the terms on which the goods can be
purchased.
Once the seller responds the parties will likely enter into a period of negotiation to settle the final terms of the agreement to sell/buy the desired items.
