Current set up in Core Simplicity:
· I enter the fair price for each model manually
· I’ve been getting this price from Mac2Sell.com
o I select the model and detailed information related to pricing the model (please go through a couple products on this site to get a good feeling for the process)
· This fair market value is displayed when a user lists their product in the marketplace
· This offer is modified by answers to questions about the item’s condition.
· This value is also used, as a percentage, to determine the amount that I will pay for an item in “Sell Instantly.”
Problems with current system:
· Manual system of entry is impractical, needs to be automated
· Mac2sell.com prices are sometimes unreliable
o Some models are missing (new models)
o Formula is great for some products, but very far off with others
o Criteria may be too broad in some cases
Requirements for new Fair Market Value Tool
· New tool needs to accurately, and automatically update the fair market value for all Apple Products
· Should update weekly or bi-weekly (whichever works best for the result)
· Needs to use unique information from model information (will be different for different products; iphone, macbook, mac pro, etc)
o Processor, Hard Drive (SSD), RAM, etc
· Should be based on a combination of list prices and completed listings on various market websites (including my own)(ex. eBay, Amazon, etc.)
o Can not fish websites illegally
· Age, model and hardware should be considered in the formula
· When it’s all said and done, the means matter little if the product arrives at an accurate result, you have plenty of liberty on this project
· I’d also like this product to work on a few parts in the market to automate some repair costs like hard drive costs, RAM costs,etc.