Jez Cunningham wrote:
> Well I'm new to ebay selling but it always seemed to me in live
> auctions (you know, where you buy cattle and antiques) that if
> everyone knew that someone would be happy with X (his reserve)
> then they'll not bid much higher. I realise now that ebay is NOT
> like a real auction and I guess I tend to agree. But I really
> don't know the strategy to follow about setting a reserve next
> time... Some say don't put in a reserve but make your opening
> bid at that price. ??
At eBay.de there is no feature like the
reserve price. If you start your auction
at 1 EUR, and there only one bidder, he
pays that 1 EUR, even if he placed a
maximum bid of 1000 EUR, to which the
auto bidding system that eBay provides
would have risen his bids ...
So over here you have to put your opening price
at your minimum -- if you want to make sure
to get this, or to not sell at all. Experience
shows, and eBay tells so accordingly, that the
number of bidders and interested watchers (both
are shown in the sales watch stats) are
significantly lower, if the starting price
is more than the 1 EUR -- even if the starting
price still is below what I record as average
minus standard deviation.
But with some small items, like A11 flashes,
I repeatedly made better results by starting
with say 4,90 EUR and a BIN like 14,90 EUR.
I sold either at BIN or something around 10 EUR.
Starting at 1 EUR seldomly got higher than
3-4 EUR. I guess the price range of 5-20 EUR
is 'impulsive buy' range, allowing a buyer to
go 'what the heck I want it'.
I had only very few disappointing sales done
with the 'risky' 1 EUR starting bid, mostly
when the offered item suddenly was offered
more often than usual. For instance, there was
a sudden wash of QA310s when I offered mine.
Buyers just had plenty of choices.
Andreas
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