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So I called the first guy and naturally he was upset and told me what a douche I am. But I'm going with Nick333 advice, its not about charity and sentiment, it about business and my own well being.
I remember something vaguely similar from a subject i did back at uni, hence why I asked the question. But I gave it some thought and the guy didn't stick to our initial agreement. He was suppose to come back to me last week Wednesday, but then he just called and told me he will pay friday. Friday came and I didnt hear anything from him. Monday morning this other guy came with his offer and said he is going to bank to organize the money asap before the first guy takes the stuff. Just after that, the first guy called and asked me to send my banking details.
He would have been if he'd sacrificed a larger profit for guy 1. If the value is x and you can get x but you give it to someone for x -y, y is a gift.Just to be clear...you weren't giving the 1st guy any charity and this did definitely not impact your well being...
You could sacrifice money for goodwill and future business but, those are just concepts unless the other party actually cares to do business with you in the future. Since customers often but on price not goodwill it's really a personal call.Business and ethics go hand in hand. I studied and wrote the exam for this, though I'm no - and never will be an - expert. Sometimes doing something just for the money is counter-intuitive and very short sighted. Relationships are stronger and better value long term than a quick deal for money. Don't think you are being clever and all business like chasing the money!
Though this may not necessarily apply to a once off sale on a personal capacity, I certainly do not agree with the sentiment in this thread!