On on-line marketplaces, significantly these like Fb’s, the abbreviation “OBO” sometimes accompanies a listed worth. It signifies that the vendor is open to negotiation on the said price. For instance, if an merchandise is listed at “$50 OBO,” potential consumers are inspired to make provides decrease than $50. The vendor, in flip, retains the discretion to simply accept, reject, or counter these provides.
The apply of indicating negotiable pricing advantages each the vendor and the client. It permits sellers to doubtlessly appeal to extra curiosity of their objects, as consumers could also be extra inclined to inquire in the event that they imagine they’ll safe a lower cost. Conversely, it supplies consumers with the chance to buy items at a worth that aligns with their finances and perceived worth of the merchandise. Traditionally, one of these negotiation has been a standard apply in numerous types of commerce, from storage gross sales to flea markets, and the abbreviation serves as a digital adaptation of that custom.
