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Ebay Tips And Ideas.

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Author Previous TopicReplies: 7 / Views: 1,691Next Topic  
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joeturbo26's Avatar
United States
1193 Posts
 Posted 05/18/2012  08:31 am Show Profile   Bookmark this topic Add joeturbo26 to your friends list Get a Link to this Message Number of Subscribers
Hell all!

Was just wondering for those who have been successful at selling on ebay auction style, what are your thoughts on the perfect auction length and starting price.

I often fear starting the bid at .99 as I have been burned in the past (non coin related items).

Thanks for the feedback!
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/18/2012  4:27 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I find that items starting at $0.99 will often get the most interest and a good price (However, some do slip through the cracks, and sell cheaper then they should).

I once listed a coin on ebay for $35 and it ran for 5 days, without getting a bid. When the item ended I re-listed it starting at $0.99 and no reserve; again for five days. This time I got a lot of watchers, and the coin ended up selling for $50 with most of the bidding in the last few minutes.

I guess it would depend on the coin that you are trying to sell, and how much it is worth. Listing a coin that is worth $1,000 at $0.99 you might only get $600 because that is a lot of money for most people to spend on a single coin, where as $50-$100 is much more realistic.
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basebal21's Avatar
13014 Posts
 Posted 05/18/2012  8:30 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I wouldnt ever start the coin out at .99 cents if it is valuable to much of a risk for me.

I think theres really to ways to approach this, start bids at a reasonable amount you would be willing to accept, or just list whatever you want as a buy it now only and wait till someone buys it. All it takes is one person to over pay if youre willing to wait it out
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/18/2012  8:40 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
If I am selling an expensive item that is worth say $400, I will have a starting bid of whatever I am willing to take for the item, so lets say $325.
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joeturbo26's Avatar
United States
1193 Posts
 Posted 05/19/2012  10:27 am  Show Profile   Bookmark this reply Add joeturbo26 to your friends list Get a Link to this Reply
Makes sense! As a self proclaimed ebay addict, I know that when I am browsing key date cents, which I do probably 200 times a day LOL, the reason I am doing it, is to possibly get a great deal (which I never do..LOL) but I will always sort the population by shipping+price lowest, I then watch that .99 1909 S VDB, for the 7 days, and ultimately it sells for going price or higher.

I agree that .99 is a good start, I am just fearful of the "what if", I guess that is what a reserve is for (although I feel like that makes bidders think they won't get a good deal), or like you all have said, start it at your lowest asking. The only issue with that is that it won't populate and gain "watchers", until its sorted by "time ending soonest". hmmmmmmm....
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BuffalosRock's Avatar
United States
500 Posts
 Posted 05/25/2012  5:27 pm  Show Profile   Bookmark this reply Add BuffalosRock to your friends list Get a Link to this Reply
Not that I've done this, as I am only contemplating selling on ebay, but how "out of bounds" is it to up the starting bid price before the end of the auction?

Say you list it a little below what you're min is to try to elicit bidding action, but then it is sitting with no bids near the end. Could you then up the min to what your real "comfortable minimum" price is - so that a sniper has to at least pay that? Is that any better/different than those that end an auction early to prevent getting sniped? Is it allowed? Kosher?

When I do start selling I am worried that .99 start will get me taken too often. But I do see lots of coins sit unbid on even when starting at say 2/3 the retail on it as a min. Just kind of wonder what the "ethics are" on changing prices mid-stream. I rarely saw it until recently, now I see it pretty regularly it seems. Maybe their rules changed on it!
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/25/2012  5:56 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I don't think you are allowed to change the price with less than 12 hours to go.
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basebal21's Avatar
13014 Posts
 Posted 05/25/2012  6:06 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Not that I've done this, as I am only contemplating selling on ebay, but how "out of bounds" is it to up the starting bid price before the end of the auction?

Say you list it a little below what you're min is to try to elicit bidding action, but then it is sitting with no bids near the end. Could you then up the min to what your real "comfortable minimum" price is - so that a sniper has to at least pay that? Is that any better/different than those that end an auction early to prevent getting sniped? Is it allowed? Kosher?

When I do start selling I am worried that .99 start will get me taken too often. But I do see lots of coins sit unbid on even when starting at say 2/3 the retail on it as a min. Just kind of wonder what the "ethics are" on changing prices mid-stream. I rarely saw it until recently, now I see it pretty regularly it seems. Maybe their rules changed on it!


If it lets you do it Id do it. Prices end up all over the board on ebay which is why I just stick with minimums I would be comfortable accepting as some coins go under value and some over.

I feel like a lot of the people that start with real low bids will use another account to drive up prices when people start bidding to make sure they get what they want.

My theory is dont list it for a price you arent worth accepting and then you dont have to worry about upping prices ect
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