| Author |
 Replies: 28 / Views: 3,121 |
|
Pillar of the Community
United States
979 Posts |
I hope this is the right section for this.
So I was just wondering what day has the highest average traffic? I have been selling IKE lots, and today one sold for $15 for 10. Thats the lowest so far.
A set of 10 sold for $28 on sunday! Not sure if there was a difference with the conditions, but it had 4 watchers! more than the one that sold for $28!
The one that went cheaper actually had 10 DIFFERENT ikes, while the $28 one had a repeat, to 76Ps
Guess it's just luck, sometimes people fight and you make out?
I dunno
|
|
|
|
Bedrock of the Community
13014 Posts |
Its pretty hit or miss in all honesty. Sunday nights have the highest traffic, but it also has the most listings ending because of that so you have more competition.
The worst time is probably friday or saturday night but you can get lucky with some drunk shoppers I'm sure lol
|
|
Pillar of the Community
 United States
979 Posts |
Haha, thanks for the tips!
|
|
Pillar of the Community
United States
979 Posts |
Also, do you guys think it's better to start the bidding at what you want for it, or start low for more attention?
|
|
Bedrock of the Community
13014 Posts |
If you start low itll sell but could go below what you want without a reserve
|
|
Pillar of the Community
United States
979 Posts |
I'd rather start high then put a reserve on. People get really turned off by reserves, since it's basically a secret starting price. Better just to up the starting price.
|
|
Bedrock of the Community
13014 Posts |
Thats what I do. Both methods can work, and there are arguments to be made that the reserve price can drive a price higher but I feel like it just wastes everyones time. Id rather just set it for what I want it to go for and if people want it they want it if not ill relist.
|
|
Pillar of the Community
United States
4901 Posts |
Quote:
Its pretty hit or miss in all honesty. Sunday nights have the highest traffic, but it also has the most listings ending because of that so you have more competition. I agree....and I will add that's when I sell most of my coins  The day of the week is probably less of a factor than the time of the day...I have bought some great coins cheap because the seller had the auctions end at weird times like 230am or 7am. End them after dinner and don't forget west coast vs. east coast time zones. A lot of buyers won't bid until the last minute... My opinions: ..1)reserves...I won't bid on a coin with one that is unknown ..2)high starting price...(not a BIN)...I just skip over it..it's basically an announced reserve. I have seen coins that started at .99 sell at a price higher than the coins with the set starting price. I don't think they get onto watch lists and disappear from the radar. ..When selling high risk coins/sets (over $750-$1000) I will deviate and find out an average of the most recent similar sales and put it as a BIN at a tad below the average price. It usually sells quickly. I don't fret about the few bucks I MIGHT have had..I am satisfied that I didn't get toasted. ..3) free shipping...weird.. but coins over $100 seem to go for more with free shipping than coins that charge for it. The buyer is somehow attracted to saving $5 so they will spend $10 more for the coin...weird ...under that just charge what your actual costs are ..prices realized for low demand items can vary GREATLY depending on who with that interest happens to be looking on that day. I can almost predict to the dollar (almost) what a 2011 W ASE or a reverse proof 2006 ASE will sell for. I would have no clue what a group of 20 Ike dollars would sell for ON THAT DAY. Those might do better with a reasonable BIN...might prevent getting skunked. I'll stop there...Sorry for being so wordy.... |
|
Pillar of the Community
United States
1211 Posts |
Foxwoods Man: I agree with what you stated and that was vey well written.
|
|
Pillar of the Community
United States
979 Posts |
Great post!
Doesn't Buy it now have special costs though?
|
|
Pillar of the Community
United States
4901 Posts |
For lower priced items yes...BIN is a tad higher Example: Item selling for $50 Auction starting at .99 and ending at $50 ebay fee is $4.50 Item with a BIN of $50...Fee is $6.00 Starting at .99 and ending at $100...fee is $9.00 Item with a BIN of $100...fee is also $9.00 Obviously PayPal would be the same 2.9% for all |
|
Pillar of the Community
United States
8516 Posts |
Good pics are a must....start at .99 cents, people love to bid....free ship.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
|
|
Pillar of the Community
United States
3755 Posts |
Personally I don't do auctions. I really am not interested in having a coin that is worth 150.00 go for 75.00, which happens a LOT. The capped bust I just posted about is a great example. I paid 160 for a coin that could be as much as 500 depending on how it grades out. At minimum it is a 250 dollar coin. That would like kill me. I put my stuff up as BIN at what I think is a fair price. While I don't have make an offer on the listings, I always entertain reasonable offers and have sold plenty of stuff for less than I listed it. I try to run my ebay store the way I would a B&M shop. If you do the bidding thing, Foxwoods said all that needs be said. Excellent post and advice sir. Although I will reiterate the time thing. Make sure your auction ends about 6PM Pacific time. That means not too late on the East coast, 9PM, but still late enough out west for people to be home from work. Oh, most of my sales also occur on the weekends. |
|
Pillar of the Community
United States
4901 Posts |
Now that's scary.....
I end my 1st item at 604pm PST Sunday and space them in 5 min intervals (don't ask why 604....it's just a habit)
..and that capped bust is a perfect example of an appropriate BIN coin..
|
|
Valued Member
United States
86 Posts |
Quote:
Good pics are a must....start at .99 cents, people love to bid....free ship. Now that is definitely true... |
|
Valued Member
United States
78 Posts |
I sell a lot of things on ebay, but almost no coins, but here is what I do for non-coin related items: 1. I always start and ened auctions Sunday evening, between 6 and 8pm on the West coast. 2. I try to figure out what the lowest average selling price is, and set my starting bid a bit below that (If the price I purchased the item for allows this, I won't start with a losing-money bid, generally). This way if I get just one bid, I will still make a profit, but it is still low enough to hopefully get some bidding going. I have, on several occassions, started something at a higher bid and got no bids, so I start it at a much lower price the next week, and it ends up selling for more than the starting bid from the week before when nobody bit. I think people see that someone else has bid on an item, and they feel more comfortable bidding on it. 3. I always charge shipping, and I usually include the fees that ebay charges on shipping as part of the shipping cost. I know some people will disagree with this strategy, but it works for me. Again, these are things I do for non-coins, but it has been working...good luck! |
| |
Replies: 28 / Views: 3,121 |
Posted 11/20/2012 10:23 pm
