@myangelandmyprincess wrote:
I've had GTC going for a while longer Then its been mandatory. During that time I've had months were I had bursts in items selling and months were nothing sold I don't thing gtc has anything to do with the slump
And as a buyer items ending soon hasn't created a since of urgency for me every. At least not with fixed price listings I know many times these items get relisted. I always have about the same amount of urgency no matter when it will end because a seller can end it at any time in fact that risk has now increased since many are talking about ending them before they would relist. Other buyers can come along and buy it.
I agree with all of this. It's like having stores pulling non-perishable merchandise after 5 or 7 days - heck, they'd miss half their foot traffic! I've been caught like that myself - I put something on my watch list, think about it and - oh dang, it sold, because unlike regular stores, there is only one - if you want it, you'd better go ahead and purchase. When we actually had meaningful statistics I found that about half of my buyers visited my store every 1-3 days - I'm a bit of a niche seller. The rest visited anywhere from every week to just once in a while, were new, etc.. For my regular visitors I make sure I have something new for them to see on a regular basis, but the rest of my visitors, well, I keep my items running so they can shop those as well as anything new I have, like any other store. To create excitement, I run sales with limited durations.
It's really different than auctions, from where this short-duration idea came from. IAC, you can take items down whenever you wish - 5 or 7 or 10 days and relist if you wish if that model has been working well - we had to pay for that, anyway, at least I did - I went from a premium store down to a basic store without all of that relisting because I didn't need all of those 'free' listings anymore - I may pay $10-15 per month for extra listings, but I save @$35-40/month. If I wanted to keep the short-duration fixed price listings, if I thought they were working better, I would have kept the premium store and kept that. I tested all this out before I even knew they were going to GTC by going to partially GTC and partially 30-day listings. I thought it would kill my sales - it didn't. That's why I didn't feel blind-sided by the switch to GTC.
When you dine with leopards, it is wise to check the menu lest you find yourself as the main course.
#freedomtoread
#readbannedbooks
