07-15-2024 12:15 PM
I am new to listing items on auction. Is it common to get views and no bids. Is it strategy to wait until the last day to place bid?
Thanks.
07-15-2024 04:18 PM
@pls-consignments wrote:I rarely use auctions anymore, especially since auction sniping apps were created. I think there are at least a 1/2 dozen or so on Google Play.
You have a problem with auction sniping apps? What problem would that be?
07-15-2024 05:09 PM
Well, since I've been on long enough to see contrast, I do actually. In my opinion, it creates an unfair advantage over others. Especially in vintage categories where the demographics are older. Since many more buyers are now more aware of these apps, including youtube videos on how to use them "as an advantage", it's just another negative deterrent for older buyers. I started including verbiage in my description that encouraged proxy bidding, even experimenting with late night auction endings to see if that would help. But no noticeable difference. But again, it's just my opinion. 😉
07-16-2024 12:43 AM
Sniping services have been around longer than apps. I've been using esnipe.com since before apps were invented.
07-16-2024 04:25 AM
I use the auction format almost exclusively simply from a time management perspective but it depends a lot on the type of item you are selling. It is not unusual for either auction or BIN type items to have viewers or even watchers without them placing a bid or buying the item but it varies. I have had bidders place a bid on an item the first day I had it posted and I have had those that waited till the last day or few minutes to place a bid your results will vary.
Others already mentioned the need to fix you titles which will better assist potential bidders/buyers finding your items in their searches.
07-16-2024 04:39 AM
Hi @rayd8ter
I sell a lot Auction style. For my categories what I have found to be most successful is to do the sold search research to see what items have actually sold for and then determine the starting bid price on that information as well as my target profit margin.
So in basic terms, I price auction starting prices the same way I would price a Buy it now item so that if one bid wins the auction I make my profit. NEVER take eBay's bad advice to start an auction at 99 cents.
07-16-2024 08:07 AM - edited 07-16-2024 08:12 AM
@pls-consignments wrote:Well, since I've been on long enough to see contrast, I do actually. In my opinion, it creates an unfair advantage over others. Especially in vintage categories where the demographics are older. Since many more buyers are now more aware of these apps, including youtube videos on how to use them "as an advantage", it's just another negative deterrent for older buyers. I started including verbiage in my description that encouraged proxy bidding, even experimenting with late night auction endings to see if that would help. But no noticeable difference. But again, it's just my opinion. 😉
I think you may be applying age as a preconceived notion, thinking that older bidders don't know how to snipe an auction. I've been auctioning in various vintage categories over the years, and in some cases I do learn my buyers' age when chit-chatting back and forth about the item(s) they bought. I've had plenty of older buyers, and they snipe my auctions as effectively as anyone else.
(I can also say, as a bidder, that I can manually snipe a bid within seconds of the end; it's really not rocket science, although I would recommend that you make sure that your PC is set up to synchronize its clock with the network each day, since seconds count.)
Bidders in an open-outcry auction where there isn't a drop-dead time limit can still take a similar approach, sitting out the early bidding and waiting until the auctioneer is threatening to drop the hammer before swooping in with their bids. The fact that an eBay auction is going to end at an exact time, five seconds from now, just adds to the excitement.
Making things difficult with strategies such as late night auction endings will benefit those using sniping services while inconveniencing those manual bidders that you want to favor, and of course you can end up with a lower sale price for your efforts as well. I would just focus on making your auctions as clear, attractive and accessible as possible, and not on exactly how your winning bidder won.
07-16-2024 08:10 AM
Thank you for your opinion.