posted on August 6, 2001 09:40:58 AM new
How do you handle relisting your auctions? I depend on eBay for my income. Being on social security does not afford me to eat more than beans without eBay, so I must sell my items. To make them more attractive, I start at a low opening bid. However, sometimes even then they don't sell, so I am wondering if when I relist, should I lower the price? Do you lower your price on relisted items or maintain the same price. It I keep a high price I may have to relist three or more times, and then my expenses begin to mount. Do any of you feel it is better to maintain the higher price and relist often, or should the item be discounted to move it out?
posted on August 6, 2001 09:48:26 AM new
I usually relist the item the next day.
I either keep the same price or INCREASE it. If it does not sell the second relist I relist the third time back to the original starting bid. Believe it or now, I offen sell it the second time at the high price, or for sure the third time with mulitiple bidders making it close for more then the second listing.
Auctions are all about 2 people wanting 1 item. The trick is having it listed when the 2 bidders are looking.
You have to find out what works for you in your catagory.
[ edited by richierich on Aug 6, 2001 09:49 AM ]
posted on August 6, 2001 09:48:30 AM new
I don't usually have too many items that get relisted, but when I do I sometimes lower the opening bid amount [depends on the item] and I *always* add a BIN price that was more than my original opening bid/reserve.
I'm amazed at how many times someone has "Bought It Now" for more [sometimes much more] than what my original opening bid amount was 2 weeks earlier.
posted on August 6, 2001 09:59:46 AM new
By the time my items hit the relist phase, I'm more concerned about making space than making money. My general rule is to slash the starting bid by 50% but include a BIN at the original starting bid. Suddenly a lot of people who let the item just sit there for the past seven days take interest at the bargain BIN price bargain and snarf it up. On some occasions, I've had bidders place a lowball bid (probably to kill the BIN) and the bidding then takes it to two or three times the BIN price.
Of the items that don't sell on the relist, I'll combine similar items into "box lot" auctions that can also exceed expectations. If they fail to sell as a lot (and after I relist the lot), they get tossed in the flea market box to dump on unsuspecting ebay sellers (hey, if I thought I could make some money on the stinkers, then it's likely somebody else will too, if the price is low enough).
posted on August 6, 2001 10:19:45 AM new
Thanks for all the help. Like holdenrex I sometimes toss the item in the yard sale box. I hate to do that though. I have only used the BIN one time and it shocked me so badly I didn't do it again. Better try it again and sell those stale items.
My user name on eBay: azcollectibles
posted on August 6, 2001 10:53:51 AM new
I like BIN, but I like better when someone is too cheap to take it and then they start bidding it up for way more.
