Sending Offers

[thriftabulous]

Can someone provide some insight as to why I send offers every single day and 95% do not buy? Any suggestions? Or input as to why not? I think my offers are low but maybe not low enough.  Thanks

[chapeau-noir]

I send out groups of offers to clear out end of season items - 15-20%.  I don't send out a lot, maybe a handful every month, and I don't send any where an offer-eligible listing has a "0" in the watcher's column. My success rate is pretty good. I'm sending out more than I usually do because I'm trying to clear pretty much everything out so I can close.

[movieman630]

You get a 5% return on offers!?

[chapeau-noir]

My advice on this is send them out once a month, no more often - you may be diluting your market. Wenig found this out when he kept sending coupons to try to goose revenue for quarterly reports. After a very short time, people just waited for the coupons. 

Poshmark is really bad about this - they have "closet markdown" specials and "Like" specials at least twice a week, and buyers have soon learned to not bother purchasing and just wait, and sellers find they have to keep lowering prices to sell anything. There are four Posh Live shows AN HOUR, half of them begging people to buy their stuff at ridiculously low prices.

[turtles-trading-post]

eBay gives me 10-25 items a day I can Send Offers on.  My response is 10-20%

It doesn't take any time at all.  Go to Sellers Hub and you can send them all as one transaction.  I select them all,  I discount 12%, add canned text I have saved, and hit send!

I get a lot of repeat business, so I'm really reaching out for new followers.  I use the Send Offer to get noticed and it works.

[tranquillitycottage]

There are times I see an item that I am researching to sell something the same, looking at because of childhood memories, enjoying the color in the print to paint a cabinet, etc. I may not look at a product because I plan on buying it. There are times it may have nothing to do with your listings. 

[rugerskick]

It might be prices.  It may be sellers watching to see what it sells for.

[oaklandmaryland]

Many sellers watch items to see what they sell at so they can set a price for their similar item

[reallynicestamps]

@sin-n-dex  While 400 is a lot more than I would be sending at any given time, deciding if the discount is worth my time is pretty easy.

I choose the items I am going to send Offers on.

These are not going to be recent listings, they have to be more than a month old. When I am not sure, I do look at the original listing and Note the date of listing on the Active Listings list.

Then I take the rest of the possible BO listings and do my standard Offer.

This gives me a list with what the customer would pay if accepted.

Then I delete any that would not be worth accepting.

And only the remainder get the Offer.

I usually cut my possibles down by 2/3 by this method, and it doesn't take more than 20 minutes.

But as I say, I wouldn't have 400 possibles in any case. YMMV

[baantiques]

Most people ignore offers.  You're never going to get 100%.  Not even close.

But it's that 5% you are after.

[luckythewinner]

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@thriftabulous wrote:

Can someone provide some insight as to why I send offers every single day and 95% do not buy? Any suggestions? Or input as to why not? I think my offers are low but maybe not low enough.  Thanks

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Because for whatever reason, buyers are not interested in your offers. I often watch items to remind me to look for a better deal from other sellers. 

[frecklesfinery88]

To us this is the new game. Everyday its Best offer, or as we say "What's the least you'll take" Over the weekend we had someone offer us 50% off a number of items. Which we declined.

You can see the way things are moving for us as smaller sellers.

We are trying to stay positive and keep it moving.

Best wishes