posted on October 2, 2004 07:02:08 AM new
Question on BIN. Since, You can never tell who's buy BIN, what is the census on BIN? Does it work? Does it scare people away, thinking maybe they can get a lower price on an ongoing auction? How well does it work for all of you? I've only sold one item BIN.
posted on October 2, 2004 07:46:15 AM new
I've only started using it recently, and I like it. I'm amazed at how many items sell BIN. I make the BIN a reasonable figure that I would like to get, and then start the item at about half. I wouldnt use it for an item that I thought might be a "find" but for everyday things that I would like to move, its just great!!
posted on October 2, 2004 07:55:27 AM new
As a buyer I like the BIN-if its something I have to have right away its great,as you dont have to wait 7 or ten days for the auction to end.Also you know exactly what your going to pay for it and you dont have to worry about someone sniping you at the end.
posted on October 2, 2004 08:24:41 AM new
I like BIN, too. As Classicrock says, it gives instant gratification to those that don't want to wait. I have it on almost all my auctions, except (like Ms24ktau) those that I think might be finds. I like getting nice little surpises when someone BINs. And it only costs five cents.
posted on October 2, 2004 08:26:08 AM new
It's great for items that there are common on ebay. Say a particular book that has 35 copies listed, set a reasonable BIN price and someone who wants the book would rather get it now than bid and wait. Do an advanced search on like completed items and see how much the item usually goes for and set your BIN around or a little below that price. Like the others said if it is something that can get several bids don't do it. It is great for certain items though.
posted on October 2, 2004 12:59:39 PM new
I have been using it on hih ticket items r some time. Over $50.00 & it works great for me. Had a Lenox platter that Replacements Ltd wa asking $297.50 for & put it on @ #150.00. It sold in 2 hours!! Just sold a Bulova wrist watch as a Tradiu=ing Assistant. The man wanted $100.00 for it, sold in 3 days!
Life Is Too Short To Drink Bad Wine
[ edited by sanmar on Oct 2, 2004 01:00 PM ]
[ edited by sanmar on Oct 2, 2004 01:01 PM ]
posted on October 2, 2004 10:26:33 PM new
BIN's are great if you use them correctly.
Two main uses would be:
1. If you have a very hot item and use a short listing period like three day, often times you can list that item slightly higher than the same items listed in the auction format and you will get the sale because people want that item NOW.
2. You have an item in which there are many and sales are quite slow. A bidder that may happen to look at some and again, because they can get it now will select the buy-it-now item over the auction item.
Using fixed price is better though as you won't be charged extra for it as you would in the auction format.
posted on October 3, 2004 08:54:10 AM new
I use a BIN on some jewelry I sell. I have a buyer in italy that likes this type and she usually takes advantge of it. It gives her a chance to get the item when sometimes when the auction is started she has been out bid. I guess it all depends on who gets their first. I set my BIN a littler higher than I think the auction should end for.
