Regards,
This from the listing tool ... eBay is suggesting Sellers start Auctions at 99 cents ... not good advice. I calculate Auction starting prices the same way I determine GTC pricing ... that way if one bid wins the Auction I make profit.
Mr. L
@pargran3 wrote:Good grief. Is eBay actually still suggesting that? That was bad advice 20 years ago.
@pargran3 You saw the screen shot ... yes, they are still suggesting the 99 cent starting price on Auctions. That is bad advice anytime on eBay style Auctions. So if you create a listing with the Auction format that shows the 99 cents starting price then change formats to Buy it now they change the amount in that little window and guess what? IT IS ALWAYS SUBSTANTIALLY HIGHER ... yep ... so if they "think" they know what it should sell for then they should be giving Sellers prices other than the 99 cents ...
@coolections wrote:
@mr_lincoln wrote:I calculate Auction starting prices the same way I determine GTC pricing.
Maybe 99 cent is not a good idea and I would not recommend that low, but what you are doing is pretend auctions. If I can buy the same item from another seller at your BIN price I will hit the back button every time. You should really just skip auctions as that is what has driven away most buyers from auctions.
Noted and respect your opinion but disagree ... auctions, if priced right are no different then BINs ... my auction starting prices are the same price I would do on a BIN so one bid makes profit, more bids more profit. It works out just fine. If I compared profit margins on my BINs and Auctions the Auctions would win hands down because a % of them bid up higher then the listed price ...
Not everything on eBay would do well on the auction format but in some categories it is a far and away better approach to selling something then BIN ...
