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Lesson Learned- DONT LIST ANYTHING FOR $1

I learned a hard lesson this week about starting auctions at $1- reccommended by eBay!

I sold:

A $275 Banana Republic dress, new with tags- $1

A pair of Authentic True religions Jeans-$1

A pair of expensive mother Jeans-$1

An $860 pair of Valentino Shoes- $1

And ...wait for it....a $1276 Versaci blouse, for...you guessed it...$1! 

 

Dont start your items at $1 or .99 unless you expect to get that. Granted some things will bring more but not in my experience. 

Also, if you give free shipping, you'll get killed on it. Also, eBay gets their 10% on your full sale, so if you say have a 50 item and charge $10 shpping, but put it at $60 to give free shipping, now your paying $6 in fees, not $5. Just an FYI. Maybe it does boost the listing but it can sure add up. 

 

I'm sure I am not the first or last person this happened to, but if it helps anyone...

 

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@buynwtnow wrote:

I learned a hard lesson this week about starting auctions at $1- reccommended by eBay! 

An $860 pair of Valentino Shoes- $1


I learned that lesson without ever doing it - I just read the recommendations and applied common sense. 

Message 46 of 55
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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@goodluckselling wrote:

@sharingtheland wrote:

Sounds like bad business decisions on your part. 

 

or

 

Under 1.00 pricing is a very valuable tool 

 

 

Which one is it?  Which one of your statements should the OP heed?


Are you suggesting that the OP made a wise decision? 

Do you dispute my statement that under 1.00 pricing is a valuable tool? 

 

I can learn a lot about who you are as a seller from your answers.

 

Good Luck Selling!

 

Good Luck Selling!


No, I'm suggesting saying you gave contradictory "advice."

 

Comparing the gasoline used in an ice cream truck to 99 cent auctions on ebay tells me a lot about you as a seller.   I will admit, however, to never driving or selling from an ice cream truck.

Sherry

=^.^= =^.^=
( ) ( )
" " =^.^= " "
Message 47 of 55
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Re: Lesson Learned- DONT LIST ANYTHING FOR $1

As many have probably told you, always set your starting price at the lowest amount you will be willing to accept if you don't get another bid. 

Message 48 of 55
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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@coolections wrote:

@lookng2015 wrote:



Actually they don't. eBay big wigs have clearly stated in interviews that they planned on NOT showing auctions to new to the site buyers.

 


That's a fallacy taken out of context from some disgruntled employee. There has never been one bit of proof on these boards so far in all these years of complaints that an item does not show up. To add, she's complaining of only single bidders so they obviously where viewed and not hidden.

 

 


@coolections@  @Looking2015 is correct about ebay planned a restirction to buyers who can particpate in them, although I do not know if it was every implimented. 

 

The article was from a couple years ago when JD was still in charge, and they did say with certainty that auctions seemed to be a problem for new users to follow through all the way where BIN transactions seemed to have much more success and they were talking about auction participation limits to new users.  

 

It was the same article that the famous line often quoted here in the forum and almost always misunderstood that said.  "not all listings will show in all search result for the same item"  (something like that).

 

Good Luck Selling!

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@sharingtheland wrote:

@goodluckselling wrote:

@sharingtheland wrote:

Sounds like bad business decisions on your part. 

 

or

 

Under 1.00 pricing is a very valuable tool 

 

 

Which one is it?  Which one of your statements should the OP heed?


Are you suggesting that the OP made a wise decision? 

Do you dispute my statement that under 1.00 pricing is a valuable tool? 

 

I can learn a lot about who you are as a seller from your answers.

 

Good Luck Selling!

 

Good Luck Selling!


No, I'm suggesting saying you gave contradictory "advice."

 

Comparing the gasoline used in an ice cream truck to 99 cent auctions on ebay tells me a lot about you as a seller.   I will admit, however, to never driving or selling from an ice cream truck.


Your amazing!.  You can pick and choose a line from different posts to different users and apply them as one statement to one person.

 

In today's world this is called Fake News 101

 

You apparently get the fake news updates regularly.  Congrats!

 

Good Luck Selling!

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@sharingtheland wrote:

@goodluckselling wrote:

@sharingtheland wrote:

Sounds like bad business decisions on your part. 

 

or

 

Under 1.00 pricing is a very valuable tool 

 

 

Which one is it?  Which one of your statements should the OP heed?


Are you suggesting that the OP made a wise decision? 

Do you dispute my statement that under 1.00 pricing is a valuable tool? 

 

I can learn a lot about who you are as a seller from your answers.

 

Good Luck Selling!

 

Good Luck Selling!


No, I'm suggesting saying you gave contradictory "advice."

 

Comparing the gasoline used in an ice cream truck to 99 cent auctions on ebay tells me a lot about you as a seller.   I will admit, however, to never driving or selling from an ice cream truck.

 

I actually know goodluckselling and it was because of him and his knowledge here that actually set me on the right course on Ebay - taking responsibility instead of blaming Ebay. I understood his analogy just fine. And as a seller - he'd put most of us to shame but he doesn't blow his own horn - he's too modest for that.

 

Many sellers research before listing an item at 99 cents to see if the results will maybe yield them more profit than putting them in a BIN listing. While others will start an auction for 99 cents with items that have been sitting or that they acquired at such a low cost as a loss leader in the hopes that the bidders check out their other lisitngs and they hopefully make more sales. No different than what a B&M does every week with their Lowest Sales of the Season or the grocery stores due with their Featured Items - Eggs for 69 cents.

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1

@goodluckselling

Two problems though. The buyer DO see ALL the listings and nothing is hidden, and the ones who cannot bid at auction are those who have unpaid items strikes. That temporarily limits them to only BIN IPR purchases until they prove themselves just like sellers with limits. I doubt a few buyers less is having any impact whatsoever on the OP's problem of one bidder for 99 cents. She gambled and lost and then blames Ebay to boot.

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1


@coolections wrote:

@goodluckselling

Two problems though. The buyer DO see ALL the listings and nothing is hidden, and the ones who cannot bid at auction are those who have unpaid items strikes. That temporarily limits them to only BIN IPR purchases until they prove themselves just like sellers with limits. I doubt a few buyers less is having any impact whatsoever on the OP's problem of one bidder for 99 cents. She gambled and lost and then blames Ebay to boot.


Usually we are on the same page but let just say this.  All buyers do not see all the listings and yes somethings are hidden.  eBay has told us time and again and for several very real reasons.  They are not hiding this fact nor would they dispute it is asked about it.

 

  • Best match will not return all listings all the time.  It is not designed to do that. 
  • Buyer errors in searching is many time at fault here. 
  • Sellers listing faults is another major reason why this might happen.
  • Left side bar options filters out exact items in a refined search because they might not meet the requirements of that option.  This is another example of all items not showing in search.
  • Some sellers have restrictions and this is yet another reason there items might not show in a search result for the exact item they have for sale.
  • eBay email campaigns that bring buyers back to eBay to review specific items will not show all exact items in the search result from that link.

There are probably a dozen more examples but I hope you get the picture that ALL listings will not show in all search results for any single item search.

 

Good Luck Selling!

Message 53 of 55
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Re: Lesson Learned- DONT LIST ANYTHING FOR $1

Ebay has a lot of stupid suggestions. I sell a USA made muffler for Briggs engine on Troy Bilt tiller. Every time I relisted it they would have a little blurb "Similar items have sold for $ 7.45 to $ 11.00 with a starting price of $ 1.00 in auction format. We suggest you relist this item.................."

 

Trouble is the USA made version I carry cost me $ 14.00 plus incoming freight. The china version has a dealer cost of about $ 3.00 but it is made of paper thin metal, burns out very quickly Ebay doesn't care if sellers make any money on any item as long as they earn revenue. In their eyes a 10 cent gain over a couple million sellers is still a profit, and a good at that. If ebay earns revenue they could care less if a seller ever makes a dime, or loses money.

 

Ebay has other dumb suggestions as well. They sent me an email today telling me I could reach 171 million buyers and I was missing huge gains is sales by having so few listing on ebay. The email said I should bring my ebay listing count back up to the number of items I used to have listed, which was about 600. Based on their idea that the more sellers list the better it is for ebay even if there is no sale. They still get a listing fee if nothing else. Like the basic store cost per month adds up to a little more than listing 200 items, which is what you get for free listings at that level.

 

The flaw in their logic is that my ebay sales have tanked in the past 12 months on ebay. This is during the same period that my own company website has consistantly remained at the same amount as always and gained at the same percentage (or higher) as every year prior, with minor increases in certain items. In other words, business as usual on my site, nothing on ebay. Ebay is currrently over 60% less than last year.

 

Their Promoted listings are a joke. My fees went up, but my sales never changed. I still got the same piddly 10 to 12 sales per week but all of a sudden every sale was generated from a promoted listing. The problem is that I could use keywords from my title to search for items I had promoted. Very rare did one ever show up, even if I searched the exact same as my complete title. And if it did it was always on 3rd page or even further.

 

What did show up a lot of times on the first 3 to 5 pages was items from Wayfair, Sears, Toys r Us, and the other mega sellers on ebay, with their perfectly scrubbed feedback. I base this on their manipulation of the search for their increased revenue and standing from their big box store sellers.

Glad I don't have to rely on ebay. I would go bankrupt.

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Re: Lesson Learned- DONT LIST ANYTHING FOR $1

@lookng2015 wrote:  Actually they don't. eBay big wigs have clearly stated in interviews that they planned on NOT showing auctions to new to the site buyers.

_____________________________________________

Just want to clarify that last statement ... the last part of the sentence is a bit unclear ... did they mean "new" listings or "new" auction listings?  Thanks

Best regards,
Mr. Lincoln - Community Mentor
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