Exactly. We are assuming all kinds of things here. I agree that there are situations in which BIN is not in the best interest of the seller. My point, however, was that I also believe that there are situations in which it is.
BIN is just another tool (out of many) available to the seller, and it is up to each seller to determine the usefulness of these tools, based on the seller's situation. Just as a featured listing or a reserve is appropriate for some items on eBay, so too with BIN.
posted on December 11, 2000 12:10:37 PM
There's plenty of auctions to choose a BIN or no BIN. Which is what I like, a choice. Many of the items I'm buying now I realize a bargain won't be had because demand is strong, therefore a BIN locks in my price and I won't have to wait a week to see if I won, then if lost-have to bid on another one. Yuck!!! Imagine doing Christmas shopping that way!! It's practical, and much needed to have a BIN.
posted on December 11, 2000 12:22:14 PM
I don't think the BIN is doing anything that the big dutch auctions haven't already done. I have had the market price squashed on numerous occasions by the 100@somelowprice auctions. We've all seen them on Ebay. BIN at least takes the item off the market at that price. The dutch auctions run the whole time and set a price for an item.
posted on December 11, 2000 01:37:22 PM
MrPotatoeHead..I agree every seller has to determine what tools to use. I just disagreed that your example was a good one to use to determine if one should use BIN.
BIN is fine for those items that have a constant price. The problem with those items is that many feel they don't belong on ebay to begin with.
BIN is fine for those items that have a constant price.
In general, I'd agree. Whether or not they belong on eBay is a topic for another day. However... I still think BIN can be useful in a situation such as I initially described. Here's a quote taken from a poster on another thread...
I do much better buying things retail and reselling it while the demand is hot. The risk is catching the demand right before the big drop, which can literally happen overnight
In a case such as this, time is of the essence, and taking a little less than the maximum possible on each item in exchange for selling more of them in a shorter time frame might be the way to go.
posted on December 11, 2000 01:55:05 PM
BIN requires that the bidder have a credit card on file.
So far, every BIN person has paid by credit card within 48 hours.
That beats the hell out of waiting for checks, especially when there is not enough time between now and Christmas to screw around with Ebay's 7 day and 10 day "workout" periods before relisting.
