posted on April 4, 2001 02:38:50 PM
How successful has the buy it now been?are sellers getting some quicker sales ?I put several items on inexpensive antiques & have had a few sales but not as much as I expected , I also think I probably made a mistake running BIN sales for a 10 day period figuring that since things are slow , somebody should spot an item up for sale in that time period -but I think that probably took the impulse of purchase away-any thoughts ?thanks
posted on April 4, 2001 03:17:24 PM
The ebay rule that says a person has to have a credit card before placing a BIN bid is probably hurting sales. I don't use a CC and I can't get verified (I live in Canada) so any BIN deals are not available to me.
posted on April 4, 2001 03:27:38 PM
just launched a batch of auctions monday, less than half with BINs. 24 hours later, all but 2 of the BINs had been BINed
posted on April 4, 2001 04:27:52 PM
HOORAY for BIN!
Of course, I sell mostly to brides, who are notorious impulse buyers. They see it, they want it...NOW!
BIN is a definite PLUS for my business.
I'm not so thrilled about the time it sometimes takes for ebay to notify of the BIN auctions closing. I keep a close eye on my auctions, and dont wait for the ebay "end of auction" notices most of the time. I notice that the BIN notifications seem to take longer than an auction that runs it's course. Anyone else notice this too?
I'm a fairly new seller, but am learning a LOT from this board, I love it! : )
posted on April 4, 2001 05:54:55 PM
The odd thing I'm finding lately is that even though bidders have to have a credit card on file to use BIN, most of my BINs lately have not used their credit card to make the purchase - opted for money orders, etc. instead.
posted on April 5, 2001 05:52:21 AM
What happens if I bid the BIN price but don't click the BIN button? I don't have a credit card so I can't use the BIN feature, but would I win the item anyway?
posted on April 5, 2001 05:54:35 AM
I find that BIN works very well, anything that hasn't sold by the last day often doesn't move easily.
One of the secrets to BIN is to make it attractive. The BIN price should be just a bit higher than your starting bid if at all possible. There will always be a penny pincher who won't bid up to the last .25 to get the BIN amount. (What they think they are really saving is beyond me)
One thing for certain...if you see something you really want with a BIN, either bid or BIN it as soon as you decide you want it at that price. Waitng is almost a guarantee that it will be gone....
posted on April 5, 2001 06:04:39 AM
I went from 4 years on eBay to Yahoo last year, where I used ONLY their "BIN" style sales and did fantastic - when Yahoo committed suicide, I returned to eBay and was thrilled they too had instituted a BIN program - WRONG - we have found on eBay that BIN is just not very successful for us. After a few weeks of running BIN auctions, we returned to standard auctions, same items, same prices and zap the items sold like hot cakes! Who can figure! Most of our customers pay credit card or PayPal.
I just don't see much of a BIN mentality at eBay at this time, and personally plan to stay with regular auctions.
For example we have put up under BIN a couple of $25 items which didn't sell but when put on a regular auction one went to $35 and the other to $81. We have had the same experience in other items. It makes no sense, apparently eBay buyers prefer to pay more OR they are so into the auction/bidding mentality they get their thrill on trying to out bid someone else more than they do in getting a good deal.
