How do you feel about Buy It Now?

[cindiwat]

I'm thinking to put all my auctions as "Buy It Now," because then I will get immediate payment. How do you feel about this, and what has been your experience?

[penguins_dont_fly]

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@cindiwat wrote:

I'm thinking to put all my auctions as "Buy It Now," because then I will get immediate payment. How do you feel about this, and what has been your experience?

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Over 80% of items on eBay are Fixed Price (BIN)

Auctions are only viable for in-demand hard to find items.

I don't want to wait a week  to find out if I "won" a tee shirt or any other commodity item.

As a seller, 99% of my items are listed as BIN with IPR.

[the*dog*ate*my*tablecloth]

Even collectibles lately I’ve been adding to my watchlist then forgetting to bid at the end. I’m far more likely to buy with BIN if the price is right.

[tiramisu41]

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@penguins_dont_fly wrote:

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@cindiwat wrote:

I'm thinking to put all my auctions as "Buy It Now," because then I will get immediate payment. How do you feel about this, and what has been your experience?

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Over 80% of items on eBay are Fixed Price (BIN)

Auctions are only viable for in-demand hard to find items.

I don't want to wait a week  to find out if I "won" a tee shirt or any other commodity item.

As a seller, 99% of my items are listed as BIN with IPR.

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^^^^^ THIS ^^^^^

[calntom]

Aside from the rare instance that I have a rare item that would do well at auction, I list 99+% BIN with IPR. 

[annasunicorns]

As a buyer I love B.I.N. items, i can use coupons on them more easily than auctions.

[castlemagicmemories]

It's been said that over 80% of all listings are fixed price, immediate payment required (what you are calling BIN)  BIN is on an auction listing but if the bidding starts, the BIN is gone.

Actually I love buying fixed price, immediate payment required listings, and I buy consistently every month.  It beats wondering if you will win and waiting for a week.  Most of what I buy is fixed price, IPR, and I'm not alone in thinking that.

[myboardid]

I dropped auctions and changed to Fixed Price, Buy It Now, Immediate Payment Required many years ago.  I'd never go back to auctions. 

When you list a Buy It Now, remember you have to check off IPR, it is not automatic.  And decide if you want to use Best Offer, because eBay may add it to your listing whether or not you want it.  You need to check to see if it has been added later.   

[cubano4u]

Pretty much I stopped all my auctions and only list BIN. When I have a "new" item that I suspect may get caught up in a bidding war, I will list it as auction. Otherwise I now automatically list BIN. I saw an immediate increase in my sales the more I listed BIN items. I also always include the make an offer.
In the past I have received requests on auction items to list it as BIN and they will purchase it- and they do every single time! I have heard many complaints on people losing an item to a sniper. Everyone is so busy lately that people forget to go back and purchase the item before the auction ends. So many reasons to do BIN vs auctions anymore....

[reallynicestamps]

Since you are either a new seller (0 FB) or using a posting ID, it's hard to know what you plan to sell.

But as others have said, Fixed Price/Buy It Now is the norm on eBay.

I suspect the only reason auctions still are available is because eBay brands itself as an auction site, and this differentiates it from most online sites.

I moved most of my listings to Fixed Price and Stores* almost as soon as they came available, around 2002.

At that time Store items were not in Search, but it was still worthwhile.

You get up to 30 days of visibility for the same price as a seven day auction.

Most buyers are using mobiles these days. They want immediate gratification.  Fixed Price is for these buyers.

You can add Immediate Payment Required. Most of the complaints we see here about deadbeat buyers are from auction sellers.  With IPR your listing stays available until someone actually pays.

BTW, while listing on a computer is a Best Practice, look at your new listings on a mobile to see what your customers are seeing. You may be surprised. You can revise most easily on a computer, though.

*Don't open a Store until you have at least 100 unique items listed and know what DSRs are

[drusalina]

I stopped doing auctions 5 years ago.  Not worth all the work for 1 week and then either no one bids, or only 1 bidder.  BIN with immediate payment eliminates all of the hassle with non-paying bidders too. 

[tellmemama]

I was a huge supporter of auctions several years ago.  Not only would I list a few hundred ending the same day, but I had a 95%+ sell through rate.  After a while it got to be a pain shipping so many orders at once.  Even worse was seeing the same items I had selling for more at fixed price. 

I changed everything to BIN.  And never looked back.

[cindiwat]

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@castlemagicmemories wrote:

It's been said that over 80% of all listings are fixed price, immediate payment required (what you are calling BIN)  BIN is on an auction listing but if the bidding starts, the BIN is gone.

Actually I love buying fixed price, immediate payment required listings, and I buy consistently every month.  It beats wondering if you will win and waiting for a week.  Most of what I buy is fixed price, IPR, and I'm not alone in thinking that.

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ok, BIN is different than fixed price? oops -- still have a lot to learn, but i appreciate all the answers and insight. Thanks! (y'all...)

[cindiwat]

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@reallynicestamps wrote:

Since you are either a new seller (0 FB) or using a posting ID, it's hard to know what you plan to sell.

But as others have said, Fixed Price/Buy It Now is the norm on eBay.

I suspect the only reason auctions still are available is because eBay brands itself as an auction site, and this differentiates it from most online sites.

I moved most of my listings to Fixed Price and Stores* almost as soon as they came available, around 2002.

At that time Store items were not in Search, but it was still worthwhile.

You get up to 30 days of visibility for the same price as a seven day auction.

Most buyers are using mobiles these days. They want immediate gratification.  Fixed Price is for these buyers.

You can add Immediate Payment Required. Most of the complaints we see here about deadbeat buyers are from auction sellers.  With IPR your listing stays available until someone actually pays.

BTW, while listing on a computer is a Best Practice, look at your new listings on a mobile to see what your customers are seeing. You may be surprised. You can revise most easily on a computer, though.

*Don't open a Store until you have at least 100 unique items listed and know what DSRs are

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I want to sell my husband's mass collection of dvds which he's not using anymore. (with his permission, of course.) So it's getting frustrating for me to figure which dvds are going for good prices, but maybe i'll learn. It seems that fixed price is different than BIN, but I'm not sure how yet.

[cindiwat]

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@reallynicestamps wrote:

Since you are either a new seller (0 FB) or using a posting ID, it's hard to know what you plan to sell.

But as others have said, Fixed Price/Buy It Now is the norm on eBay.

I suspect the only reason auctions still are available is because eBay brands itself as an auction site, and this differentiates it from most online sites.

I moved most of my listings to Fixed Price and Stores* almost as soon as they came available, around 2002.

At that time Store items were not in Search, but it was still worthwhile.

You get up to 30 days of visibility for the same price as a seven day auction.

Most buyers are using mobiles these days. They want immediate gratification.  Fixed Price is for these buyers.

You can add Immediate Payment Required. Most of the complaints we see here about deadbeat buyers are from auction sellers.  With IPR your listing stays available until someone actually pays.

BTW, while listing on a computer is a Best Practice, look at your new listings on a mobile to see what your customers are seeing. You may be surprised. You can revise most easily on a computer, though.

*Don't open a Store until you have at least 100 unique items listed and know what DSRs are

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i'm not a new seller, but have not sold for a long time. I have a lot to learn now. I took a new i.d. for posting. I have about 300 ratings, a 100% rating, but don't want to lose it as a seller, so that makes me nervous that some nut will give me a bad rating. When I sold before, I don't recall any nonpayers, but I do recall a nut that gave me a bad rating. So this current group of nonpayers makes me nervous, and I wish to avoid that by figuring maybe i'll just take BIN or fixed price, not sure which to use yet.