barbarake
|
posted on January 6, 2001 06:51:41 PM
WOW!! I just put a dress up for auction and it officially sold 34 minutes later via BIN. I have three more of the same dress (same size, everything). Should I put them up immediately or wait a couple of days (which is my inclination). Should I increase the BIN price?
What would you do?
|
kitsch1
|
posted on January 6, 2001 06:54:43 PM
I'd hit the relist button.
|
katzname
|
posted on January 6, 2001 07:12:52 PM
me too
|
kyriaki
|
posted on January 6, 2001 07:57:58 PM
I thought you could only do relist if the item didn't sell!
|
boysmommy3
|
posted on January 6, 2001 08:03:07 PM
If they are all the same size I would hit re-list. That happens often with hard to find sizes. People have searches set up so they are notified as soon as their size is up and then they buy before anyone else has the chance. Also happens for hard to find designers when the BIN price is very low compared to retail.
So - curious - who was the designer and what size was it?
|
cmbtboots
|
posted on January 6, 2001 08:04:13 PM
I would increase it by a few bucks. One of the reasons I would not be totally comfortable using BIN is I would wonder if I could have perhaps got more money if I had let the auction go on for 7 days.
I especially believe this when the closing price can vary a great deal. For example a bottle of mary kay foundation normally sells for about the same price in most auctions but clothing sometimes seems more like a crap-shoot.
The things that I bid on with the BIN feature I have got fantastic deals on and felt that most of the sellers could have sold their items for much more than I paid for them. just my opinion
|
kidsfeet
|
posted on January 6, 2001 08:05:23 PM
Kyriaki:
You can hit the re-list button. It will create a new listing, and tell you that this re-list does not qualify for a refund of listing fees. Just a faster way with less work.
|
cajunatpassmore
|
posted on January 6, 2001 08:16:12 PM
I didn't realize you could relist an item that had already sold -
kyriaki, I guess we learned something today.
I make the items I sell, so most of the time I'm listing an item that I sold last week because I've made another. I always go in and redo the ad and didn't know I could relist it, I just figured that it either wouldn't work or would show the item as already sold.
barbarake - thank you for starting this message...and congrats on selling your dress so fast. I don't know what I would do if I were you, I'd probably be so excited that it sold so fast I would have already listed another one.
[ edited by cajunatpassmore on Jan 6, 2001 08:17 PM ]
|
katiyana
|
posted on January 6, 2001 09:45:25 PM
Nice thing that you can do when you relist from the original auction, is a link will appear on the OLD auction, so that those looking at your old auctions can jump forward to active ones.
I've found it useful when someone is Watching an auction, if I relist right away, when they come back and find they were outbid, if they check who/how much, the link is right there for them to go try again.
|
keziak
|
posted on January 7, 2001 04:48:18 AM
I can't see that it would hurt to increase the BIN at least a couple of dollars. What have you got to lose? If someone didn't like it, but wanted the dress, they'd at least bid the minimum.
I sold a book last night within an hour or two, and am left wondering if the BIN was too low. OTOH, it's a nice book but has pages falling out [which I put in the ad of course] so I am very satisfied.
keziak
|
HartCottageQuilts
|
posted on January 7, 2001 05:57:05 AM
IMHO the most effective use of BIN is as a "buy it retail" button - if somebody doesn't want to wait for an auction to end but HAS to have the item, s/he can opt to pay a (still reasonable) retail price for it. IOW, it's a convenience for the bidder.
I do not understand the concept of makign BIN only a couple bucks higher than the opening bid. I've even seen auctions with BIN the SAME as the opening bid. What's the point?
|
Microbes
|
posted on January 7, 2001 06:47:31 AM
34 minutes? I sold a starter for an outboard in 7 1/2 minutes a couple of weeks ago. (One of my regular customers, he has my auctions bookmarked)
I try to make the BIN price a couple of hairs ABOVE what I ussualy get for something.
|
london4
|
posted on January 7, 2001 06:48:38 AM
I've even seen auctions with BIN the SAME as the opening bid. What's the point?
If you think you have a good chance of selling the item today, and don't want someone to bid less than the reserve and effectively end the "buy it now" option, putting the reserve and the "buy it now" price the same will prevent this.
I've done this with ornaments when I know approximately what the market will bear and what price will make me happy. I sell it within a few hours and no one comes along and ruins it by bidding less than my buy it now price.
[ edited by london4 on Jan 7, 2001 06:49 AM ]
|
horizonod
|
posted on January 7, 2001 07:05:54 AM
I would raise my BIN price and get a webcam then sell the dress right off your back.
Now THERE is an enterprising idea!!!!!
|
