tlatoz
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posted on October 18, 2001 02:45:46 PM
I was just wondering what you all think of 10 day auctions vs 7 day auctions. Is there any listing fee difference on Ebay? Do you feel that 10 day auctions get more bids? So far I've only gone with 7 day sales, but have been contemplating switching to 10 days. Getting ready to list a monster batch tonight.
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katiyana
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posted on October 18, 2001 02:48:41 PM
10 day auctions have a 10 cent surcharge on them. I run 7 day auctions exclusively - but then I'm trying to list and save as much $ as possible at the same time. 8)
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ragmop
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posted on October 18, 2001 03:46:17 PM
I've tried them all and settled on 5 day auctions as they have proven to be the most effective for me.
My listings seem to get the most action the frist day and the last couple of hours so why waste all those days in between?
I am able to turn more items this way. I list every day and at varied times so I catch both the working and people that are at home during the day.
So, you just have to find what works best for you.
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magazine_guy
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posted on October 18, 2001 03:55:03 PM
Ragmop:
I've heard this argument before, and I just don't get it. Can you explain for me:
"why waste all those days in between.."
How are you wasting anything by getting a couple more days exposure? Especially considering that 5 and 7 day auctions cost the same? What's wasted?
"I am able to turn more items this way.."
I really don't understand this at all. How are you able to turn more items with 5 day auctions than with 7 day auctions? It takes the same amount of time to prepare and list itmes, and to perform end-of-auction chores, whether 5 or 7 days. So, how are you able to crank out more product with 5 day auctions?
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capotasto
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posted on October 18, 2001 03:59:24 PM
Magazine, I can give you one answer.
I have an item that I have many of, I list them one at a time with BIN. They either sell with BIN the first day, or the last day.
As soon as one sells, I list another. So I have recently switched from 7 day to 5 day on this item (since the in-between days are wasted). We'll see how it goes.
Heck, I might even go to three day!
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professorhiggins
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posted on October 18, 2001 04:02:40 PM
I think this is what he means:
Maybe he lists the same items in cycles, not wanting to compete with himself.
If he lists Widget A during a 5 day cycle he may not list another Widget A until the initial
cycle is completed.
It only stands to reason that using 5 day cycles would allow you to move more of widget A than it would if you ran them in 7 day cycles.
I use 3 day auctions as well and I can run two cyles per week if I wanr vs. only one using 7 days. It may not make a big difference if these are small ticket items, but if you are dealing with more valuable and unique items I would venture to guess that most of these sellers would list in cycles to avoid putting
all items out on the market at the same time and diluting the bidding pool.
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professorhiggins
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posted on October 18, 2001 04:02:40 PM
I think this is what he means:
Maybe he lists the same items in cycles, not wanting to compete with himself.
If he lists Widget A during a 5 day cycle he may not list another Widget A until the initial
cycle is completed.
It only stands to reason that using 5 day cycles would allow you to move more of widget A than it would if you ran them in 7 day cycles.
I use 3 day auctions as well and I can run two cyles per week if I wanr vs. only one using 7 days. It may not make a big difference if these are small ticket items, but if you are dealing with more valuable and unique items I would venture to guess that most of these sellers would list in cycles to avoid putting
all items out on the market at the same time and diluting the bidding pool.
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magazine_guy
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posted on October 18, 2001 04:03:03 PM
OK- that makes sense if you repeatedly sell indentical items, and don't want two listed at the same time. Under other circs, though, it seems to me better to get as many days exposure (for the same price) that you can, no?
Steve
[email protected]
Join the OAUA!
http://www.auctionusers.org
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ragmop
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posted on October 18, 2001 05:48:24 PM
Please explain how exposure sells items? Bids sell items! If most bids are placed on the first day of listing and the last few hours any time in between is just wasted.
I sell unique individual collectables and antiques, seldom sell the same thing twice. Most more expensive items are sold with a reserve and I am not convinced that leaving it up for several days more will result in higher final price!
The quick turn is a factor of cash flow, I am getting my return quicker than if I let it sit for 7 or 10 days. That way I can buy and list something else and repeat the cycle.
Bottom line; Would you rather wait 5 days or 10 days for your money?
It ain’t rocket science folks, like I said it works for me, try it you might like the results.
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ragmop
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posted on October 18, 2001 05:48:32 PM
Dunno how it repeated but it did, Sorry
[ edited by ragmop on Oct 18, 2001 05:51 PM ]
Poor spelling!
[ edited by ragmop on Oct 18, 2001 05:52 PM ]
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mrspock
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posted on October 18, 2001 07:08:19 PM
I list most items ten days in fact I just listed a bunch to end week from sunday
I veiw ebay like a river bidders flowing by the longer the ad is there the more peaple have signed on done searches and possibly seen the item
A lot of us are on ebay daily or every couple of days searching for our favorite items. So for peaple like us a 3 or 5 day auction is fine as we will see the item
But I feel most peaple check ebay once a week or when they get a chance the longer it's there the more of this kind of bidder you reach.
as to extra dime one or two extra bids more than make up for it.
spock here......
Live long and Prosper
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kiawok
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posted on October 18, 2001 07:46:28 PM
I agree with spock, most of my auctions run from thursday-sunday.
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naru
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posted on October 18, 2001 07:48:31 PM
Having done 2 years hard time on eBay, I feel
that the cheap novelty of on line bidding seems to have really diminished. I used to list 10 days to end on Sunday and switched a few months ago to 7 days. I still run 10 day items once in a while to check if they do better and it seems not. My theory is that people are more impatient with the process and even if they like an item will feel frustrated if the auction doesn't close for another 5-9 days and just move on to something else. 7 days seems to be a good number for me and enough time for even the once a week searcher to find the auction.
But in the end you will hear as many opinions as there are variables for listing: different times days and durations. I think it's good to mix it up every once in a while to see what works best for you.
I don't use the Buy It Now feature, but reports on this board indicate it is a valuable tool.
Not NARU on eBAy
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