10 Day Ebay Auctions?

I just counted my inventory for my next sale and I have 139 items. I was thinking about doing a 10 day auction for all of them. Any thoughtS?

CP

$.85 pre-auction fee. I think I ll stick to a 7 day ......

10-day auctions are great if you start them on Thursday night. The auction will end on Sunday night, when people are home to make any adjustments to their bid snipes AND you get two full weekends of exposure. Starting an auction on Thursday night and having it end 10-days later on Sunday night makes perfect sense to me.

I think things might sell better as auctions because people see bids and see what other people think its worth... and then want to bid slightly higher to buy it.

you think its worth the extra money?

No.

The Sunday night close is fine but 7 day auctions are a better value.

I have not sold on Ebay for quite a while.

But it seems to me that the BIN format makes the most sense for sellers of mid to high end clothing and shoes ( which is what most of those here on SF are ).

Let us say that someone has a desirable SC or pair of shoes. Like a Brioni SC, or C & J shoes.

I would do the research and list them with a BIN of an acceptable price to me. Alternatively, you could list with a high BIN price and a Make An Offer feature.

Both of these seem to make more sense to me than auction alone formats these days. Unless you have something that is a sure seller and highly desirable, I think it is crazy to do a normal auction ( 7 or 10 day ) starting at $.99! And an auction with a reserve is generally a kiss of death.

Of course, you can do a standard auction with a starting price that is the minimum you would accept. But it seems to me, these type auctions, generally draw one or maybe two bids at the very end, and you would have been better off with a BIN format auction with a higher price.

As to 7 or 10 day auctions, I don't know. I would guess that the price of the item would impact this. For a $2,500 NWT high end suit, I would go 10 days. For a NWOT, $250 item, I would go 7 days.

I would like to hear from the OP and others like Mack who are experienced with recent Ebay selling, if they are fans of BIN format sales ( and keep re listing them if they don't sell ). Or sales with a higher BIN price and a Make An Offer Feature.

I definitely feel that in today's Ebay, it is beneficial to give buyers a BIN, or Make An Offer option versus a straight auction format, be it 7 or 10 days.

PS: I have been out of Ebay sales for while. To you current Ebay sellers, given their new pricing schedules, which of the strategies described above makes sense as far as Ebay sales costs?

Originally Posted by rnoldh

Click to expand...

I have not sold on Ebay for quite a while.

But it seems to me that the BIN format makes the most sense for sellers of mid to high end clothing and shoes ( which is what most of those here on SF are ).

Let us say that someone has a desirable SC or pair of shoes. Like a Brioni SC, or C & J shoes.

I would do the research and list them with a BIN of an acceptable price to me. Alternatively, you could list with a high BIN price and a Make An Offer feature.

Both of these seem to make more sense to me than auction alone formats these days. Unless you have something that is a sure seller and highly desirable, I think it is crazy to do a normal auction ( 7 or 10 day ) starting at $.99! And an auction with a reserve is generally a kiss of death.

Of course, you can do a standard auction with a starting price that is the minimum you would accept. But it seems to me, these type auctions, generally draw one or maybe two bids at the very end, and you would have been better off with a BIN format auction with a higher price.

As to 7 or 10 day auctions, I don't know. I would guess that the price of the item would impact this. For a $2,500 NWT high end suit, I would go 10 days. For a NWOT, $250 item, I would go 7 days.

I would like to hear from the OP and others like Mack who are experienced with recent Ebay selling, if they are fans of BIN format sales ( and keep re listing them if they don't sell ). Or sales with a higher BIN price and a Make An Offer Feature.

I definitely feel that in today's Ebay, it is beneficial to give buyers a BIN, or Make An Offer option versus a straight auction format, be it 7 or 10 days.

PS: I have been out of Ebay sales for while. To you current Ebay sellers, given their new pricing schedules, which of the strategies described above makes sense as far as Ebay sales costs?


I agree with everything you say, but for me its extremely important to flip things and not keep them. The reason being that my space is very limited.

Originally Posted by LatinStyleLover

Click to expand...

10-day auctions are great if you start them on Thursday night. The auction will end on Sunday night, when people are home to make any adjustments to their bid snipes AND you get two full weekends of exposure. Starting an auction on Thursday night and having it end 10-days later on Sunday night makes perfect sense to me.

Makes very good sense to me. I will follow this formula. Do you make adjustments for time differences? i.e. there is a 3 hour difference between CA and east coast?

Originally Posted by cpmac7

Click to expand...

I agree with everything you say, but for me its extremely important to flip things and not keep them. The reason being that my space is very limited.

OK, that is a valid point.

But do you start your standard auctions ( 7 or 10 day ), with a $.99 starting price, or a starting price that is the minimum you would sell for? As I said, unless you are selling a very desirable, known item, it is a real risk to start at $.99 I think.

PS: I also just looked at the link to Macks Ebay auctions. It seems he has gone to a straight BIN format. And I guess he re-lists the items if they don't sell. How is that working out, Mack? I remember, you used to do standard auctions. And cost wise, does this method cost you more, less or about the same in Ebay fees as your former method?

Originally Posted by rnoldh

Click to expand...

OK, that is a valid point.

But do you start your standard auctions ( 7 or 10 day ), with a $.99 starting price, or a starting price that is the minimum you would sell for?

I have always done 7 day auctions at $4.99 or $9.99 (for bigger items) with no reserve! I feel like I get repeat customers that way, i.e. Parisvegas used to do. Sometimes you get something that selss for $4.99 and sometimes you get the bidding war between like 5 people. I feel like this way always evens itself out. Just the way I see it though..

I do 10 day auctions for everything. As stated above, start them Thursday evening. I used to monitor views, and you get the most views on the weekend. 2 full weekends w/ a thursday night 10-day auction.

Do you feel that its really worth the Huge Pre-Auction Fee? ^^

It would end up costing me $118.15 Pre-Auction Fees....

Originally Posted by cpmac7

Click to expand...

Do you feel that its really worth the Huge Pre-Auction Fee? ^^

It would end up costing me $118.15 Pre-Auction Fees....

You only need the item to go up $.85 to make it worth it. One extra bid, and it's worth it.

Originally Posted by LatinStyleLover

Click to expand...

10-day auctions are great if you start them on Thursday night. The auction will end on Sunday night, when people are home to make any adjustments to their bid snipes AND you get two full weekends of exposure. Starting an auction on Thursday night and having it end 10-days later on Sunday night makes perfect sense to me.

+1