Keeping an Item aside for someone

First come first serve. I have so many secondhand deals, where holding for someone ends up me turning others down and then at the end of the day no one wants to buy the item...
 
Best to let people know from the outset that it is first come first served.
 
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.

Just to be clear...you weren't giving the 1st guy any charity and this did definitely not impact your well being...
 
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!
 
If it were me I would honor my word but learn the lesson that I should state terms upfront before a sale next time.
 
If it was me, I wouldn't even have called guy no 1. Reason: he failed to pitch on 2 x separate occasions with the money to pay for the goods. If he had called, then I would have simply told him that the item was sold the day after he failed to keep his end of the deal
 
Yeah was going to go with the "But you gave him your word!" approach but after reading this:

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 broke his word first so no, the verbal agreement ended there. A completely different story if the dude pitched up with the money (or eft or whatever) on the day he initially said he would. Just my opinion though.
 
Lol, listen bud don't even worry about it. Money in the hand is all that matters. Agreeing to hold something doesn't really mean a thing on either side - he can back out and so can you. Even if he hadn't failed to come through, you still weren't bound by anything if someone else was willing to pay more and on the spot. You have nothing to feel guilty about at all.
 
Just to be clear...you weren't giving the 1st guy any charity and this did definitely not impact your well being...
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.
 
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!
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.

You're not morally or ethically obligated to do anyone favors. You do them out of kindness or hopes of quid pro quo.
 
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