relisting auctions
If you run auctions and relist them do you find it best to slower price or keep the price but add Best Offer or maybe a BIN?
I seem to have better luck with lowering prices though it may be a flawed contest because I use Best Offer less often lately.
7 comments
tobaccocardyahoo
·2 weeks agoMy auctions are always items which have appeal to a specialized buyer. There are definitely weeks and even months where no one visits Ebay who cares.
I often have items which draw multiple bids the second, third or fourth time they run. I do not lower my opening bid until having the item in my inventory annoys me. Lowering the opening bid is not guaranteed to make anyone bid.
luckythewinner
·2 weeks agoIf I run auctions and it does not get a bid, I take that as a sign that my item is probably not a good fit for the auction format.
keziak
OP2 weeks agoI believe that is true for a significant number of my auctions but with 250 free auctions a month I give some such books a shot. If they do not sell I consider relisting but often I donate the books or take them to the bookstore.
nyr134
·2 weeks agoIf my auctions don’t sell in week #1, I will add a BIN option in week #2, maybe lowering the starting bid a dollar or so. The third week they move to BIN. I have found that if my auctions don’t result in a sale the first week, they are far more likely to sell as BIN than if I kept renewing the auctions.
Adding best offer has almost always resulted in offers less than the opening bid, which, in my case, is my lowest acceptable price.
keziak
OP2 weeks agoSo you find that if an auction doesn't sell at the opening price upon relisting people sometimes pay a BIN of 30% more?
I don't mind modest offers on auctions because while I do want to make some money I mostly want stuff out of here. Once in a while they leave an offer for more than the auction price, to snag it I assume.
nyr134
·2 weeks agoSo you find that if an auction doesn't sell at the opening price upon relisting people sometimes pay a BIN of 30% more?
Yes - most likely these are not folks that check eBay often and they won’t know that this was offered for sale at a lower price weeks or month earlier. Likely, they just want or need the item for their collection - and it’s still at a fair price. But my items are different from yours - mostly old paper programs and manuals, not especially valuable - but not available very often and not being sold by others on this platform.
squinkercat59
·2 weeks agoI keep it at the same price because often someone was watching an auction and forgot about it; I sell a lot of things very shortly after putting it on a BIN after the auction ends. I don't use Best Offer. I have another venue I rotate stock with, and have no desire to invite ridiculous offers. Doesn't stop people from trying, though. I still get them, but 99% of the time it's a no.