posted on November 18, 2000 07:02:45 PM
I have tested it on three auctions, one closed within 12 hours, one got a bid and so BIN is no longer available, one has no bids.
The BIN format is one I am used to, it has been used at Science Fiction Convention Art Auctions for years. It seems to work OK there so I'm not too worried.
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Don't take life so serious, it ain't nohow permanent.
posted on November 19, 2000 05:41:51 AM
Could someone explain to me how "Buy It Now Works" I tried finding info about it and I can't.
Is this another way of selling?
If it is how do you go about doing it.
posted on November 19, 2000 07:14:06 AM
I've lost faith already. Lised five auctions with it, got a regular opening bid on one. Decided to cancel the other four and re-list as normal auctions.
I feel that the only way it's going to work consistently is if the BIN price is below normal market value, perhaps well below. Admittedly, I set my BIN prices a little bit high, but hey, if they want it now, and if I'm giving up the chance of getting a higher price than the BIN price, I feel they should pay for the option of getting a set price.
Bidders might just disagree with that line of thinking though.
Back to the trenches.
[ edited by loosecannon on Nov 19, 2000 07:17 AM ]
posted on November 19, 2000 07:46:51 AM
I think you hit on something loosecannon, if I see a BIN at a high level compared to other auctions, I may not bid at all and certainly wouldn't use the BIN price. Of course if your opening bid is reasonable, I could bid and end the BIN.
Ain't Life Grand...
posted on November 19, 2000 08:10:55 AM
twelvepole: that's what I'm seeing on my auctions where I've used it. I am trying not to get very excited about the feature, since I have no plans to pay Ebay additional fees for any such services in the new year.
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