eBay

oldwestgold · ‎06-13-2022

It seems like newbie sellers are taking advantage of promoted listings by mega-inflating the price of a coin. How? For example, they list a coin worth $25 for $675 with a high promoted percentage, thus taking up the majority of slots that other sellers use to have. I have several 1 to 2-digit feedback sellers doing this in my main category of selling. And no I can't overvalue a coin by hundreds of dollars and do a 50-75% promoted listing on it. Just curious if anyone else has been experiencing this? Thanks and have a good day!

coolections · ‎06-13-2022

That would be the best news I have read in years on Ebay. If what you say is true, NO ONE, and I mean NO ONE will ever buy that persons stuff leaving yours a better chance of selling.

dbfolks166mt · ‎06-13-2022

That would be the best news I have read in years on Ebay. If what you say is true, NO ONE, and I mean NO ONE will ever buy that persons stuff leaving yours a better chance of selling.

If the potential buyer can find the item with eBay's search engine. The other possibility is the inflated seller listing has OBO enabled and the potential buyer makes a low offer that, while it may seem crazy low, is actually acceptable to the seller and is what they would have listed it for without PL. Creative tactic. Example seller inflates to $675 price, buyer makes $30 offer, seller accepts.

completepuzzle · ‎06-13-2022

We have a seller in my niche that has a puzzle listed for $10,000. Not kidding. She relists it all the time. It drives traffic to her other stuff. I made an offer of a penny when it first came out and she countered with ten or so dollars. hee!

dnasilver · ‎06-13-2022

Based on what you are selling, we doubt you are losing out on anything. Your buyers know what they are buying and are smart enough not to deal with someone who may operate in the shade.

duncanvr · ‎06-13-2022

50-75% is just crazy, I guess their hoping to steal all the traffic and spots on the 1st page of results. But I don't think their method works because ebay randomly changes promoted listings positions among various sellers. Also no real buyer would ever buy at the inflated price. I think 75% on promoted listing is the highest I have heard a seller ever using.

luckythewinner · ‎06-13-2022

@oldwestgold wrote:
It seems like newbie sellers are taking advantage of promoted listings by mega-inflating the price of a coin. How? For example, they list a coin worth $25 for $675 with a high promoted percentage, thus taking up the majority of slots that other sellers use to have.

Can you give an example of search terms that demonstrate this?

When I search I search by price, so a massively overpriced listing would just get ignored.

coolections · ‎06-13-2022

Would never happen in a million years. If the offer is more than 50% the going rate buyers will hit the back button. No one wants to waste time on a seller like that.