WashingtoneBayer
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posted on July 10, 2006 02:42:47 PM
Sellers I don't know if your second chance offers are working or not but from my experience with it, when I get a second chance offer stating I can purchase the item for my entire proxy bid because the high bidder backs out seems very wrong and will just get ignored on my end.
If it wasn't for the high bidder I would of gotten the item for a lot less than my proxy bid. So the answer is no thanks.
Ron
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roadsmith
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posted on July 10, 2006 03:04:57 PM
I've never heard of the second chance offer jumping to the entire proxy bid! Are you absolutely sure? Or maybe I just have never run across that. It does NOT seem right.
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sparkz
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posted on July 10, 2006 03:23:07 PM
[ edited by sparkz on Jul 10, 2006 03:43 PM ]
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max40
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posted on July 10, 2006 03:36:36 PM
Actually it applies to auctions too.
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buyhigh
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posted on July 10, 2006 03:39:09 PM
2nd chance offers do Not apply only to fixed priced offerings. They apply to auction offerings as well and the proxy bid if it is surpassed by the high bid is the amount you will be asked to pay. A lot of times the seller has two of the same article and that is where the 2nd chance offering comes in. Every item with more than one bid is has a 2nd chance offering. Sometimes ofcourse the the buyer does not pay for the item and the 2nd chance offer is an option offered as well.
buyhigh
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sparkz
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posted on July 10, 2006 03:39:25 PM
You are correct Max. I was thinking of "best offer". I'll go back to sleep now.
If Murphy's law is correct, everything East of the San Andreas Fault will slide into the Atlantic
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fluffythewondercat
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posted on July 10, 2006 04:26:09 PM
Ron,
Well...whatever. I rarely use Second Chance offers because I don't get that many defaults. But usually the underbidder accepts.
Best Offer, on the other hand... I'm beginning to think *that* is the greatest thing since flannel sheets. I love it and my bidders are loving it too. Wonder why more sellers don't use it.
fLufF
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WashingtoneBayer
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posted on July 10, 2006 04:58:38 PM
Fluffy, it is just the idea that if the high bidder who backed out had not bid in the first place I would of won at a much lower price. If on the other hand it was another of the same item, that would of been different. But the email clearly stated the high bidder backed out.
On the best offer, that is a great thing and I have had good success with it as both buyer and seller.
Ron
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roadsmith
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posted on July 10, 2006 05:14:23 PM
How does that best offer bit work? Briefly.
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classicrock000
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posted on July 10, 2006 05:16:25 PM
"Sellers I don't know if your second chance offers are working or not but from my experience with it, when I get a second chance offer stating I can purchase the item for my entire proxy bid because the high bidder backs out seems very wrong and will just get ignored on my end."
Ron I dont know why-when you make a proxy bid,that means you are willing to pay that much for the article.I know you could have had it for less,but lets say the other bidder bid one dollar below your proxy bid,you would have won,but still would have to pay the full proxy bid-would that make you feel any better?
Then theres always a possibility of a shill being involved.
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If you dont want to hear the truth....dont ask the question.
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classicrock000
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posted on July 10, 2006 05:20:18 PM
Rhoadie-when you see an article lets say up for a starting bid of $10.00.Underneath it will will see a sign that says "best offer" which means the seller MIGHT take a lower price.Lets say you offer $5.00-the seller has the option to accept or deny it.If the seller accepts it,you are commited to buying it as if you had won the auction-Im sure Fluffy might give a better explantion.
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If you dont want to hear the truth....dont ask the question.
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WashingtoneBayer
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posted on July 10, 2006 05:23:44 PM
Classic if I won then in my mind it is ok, or when there is a second one available but when the high bidder doesn't go through and in a sense should of never bid I think the second offer should drop back to what my high bid was before the high bidder came along and mucked up the auction.
Ron
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roadsmith
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posted on July 10, 2006 05:34:01 PM
Thanks, Classic. I might try it sometime. I list through Vendio and haven't noticed "best offer" as an option on that page, but then I haven't been looking for it either. I appreciate your explanation. ~Adele
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TheFamilyBiz
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posted on July 10, 2006 09:15:05 PM
Did I miss the announcement that said you could create a "Best Offer" for an auction?
Adele, Classic has his selling formats mixed up, because that feature is only available for Fixed Price or Store listings. Right?
So, you wouldn't see a listing with a "starting" price. It would be a Fixed or Buy-it-Now.
It's interesting some of the "offers" you get. We've had a nice leather briefcase up for a consignor for about 3 months in our store. It's retail price is $700. The first offer came in at $150. Didn't accept that one - still a bit low.
The 2nd offer came the following month for $50.00 -- guess they thought we were desperate or something....
Yesterday's offer came in at $249.95 - just $50 below our asking price of $299.95. The case is leaving tomorrow for California. The thing is - at this time of year, if we had it up for auction starting at $49.99 - we'd be lucky to get up over $100.00. In the fall, they go for $249+.
Wayne
Never explain -- Your friends do not need it and your enemies will not believe you anyway.
~ Elbert Hubbard
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fluffythewondercat
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posted on July 10, 2006 09:50:48 PM
Wayne's right. I can only use Best Offer with fixed price listings. But that's OK, particularly this summer. I'm willing to pony up more in fees by seeding my auction listings with FP Best Price items to bring in more revenue, and the bidders seem to like the game.
I didn't know anything about Best Offer when I first started using it. I just have these boots that I got a good deal on, so I have some room to dicker if it comes to that.
So here's one jewelry transaction. I list a piece at $39.99 FP or Best Offer. One of my longtime customers places an offer for $19.99. Offers expire in 48 hours. I can ignore it, I can refuse it or I can make a counteroffer. I countered with $29.99, she countered my counter with $23.99, and I'm thinking about it. I'll probably take it, since I know she will pay promptly.
Best Offer listings get you noticed. I haven't looked yet to see if you can search by Best Offer yet...can you?
fLufF
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WashingtoneBayer
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posted on July 10, 2006 10:17:05 PM
The craziest best offer experience for me was the time a seller had an item for $80, I offered $50 and declined, thought ok no big deal.
Next night find the same exact item from same exact seller with a bin of $49.99 So I snagged it up.
I almost emailed the seller to ask why I was declined for the $50 offer but then the item was put up for bin for $49.99? But didn't, I got what I wanted for the price I was willing to pay.
Ron
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pixiamom
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posted on July 10, 2006 10:54:35 PM
Best offer is great for sellers who choose to use it. I choose not to and am tired of the ASQ asking me if I will accept a lower offer. I might be tempted if they offered a 3 cent lower price (price of one month in store) or even a 36 cent discount. All of them want a minimum of $1, usually much more. Since I don't solicit best offers, I feel no qualms in ignoring their ASQ.
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ladyjewels2000
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posted on July 11, 2006 11:03:47 AM
I love the Best Offer on my store items. If an item does not sell the 2nd or 3rd time - I put it in my store at a higher price and accept Best Offers. Amazing results!!
As for Second Chance - too much scamming going on there!!
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fluffythewondercat
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posted on July 11, 2006 11:17:48 AM
pixiamom: You know what's best, of course, but I'd be intrigued to find out what would happen if you raised your prices by, oh, 35% or so and then offered Best Offer.
The mind of the buyer is a strange and wondrous thing. You could end up selling more and getting your "real" price.
Just a thought.
fLufF
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neglus
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posted on July 11, 2006 11:37:20 AM
Fluff - if only the offers WERE 35% below asking price! I get best offers all the time even though I don't offer them and they are laughable! There are many postcard sellers offering cards at $1 (don't think they will be around very long) and I guess people think we would be happy to get $1 for ours.
I am relisting some of the "moldie oldies" in my store and raising prices. If I didn't think that offering BO on a few of these would open the flood gate on others, I would try it. Maybe i could add a FAQ suggesting that BO would be accepted only on items listed with BO and ridiculous offers would not be entertained at all...
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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fluffythewondercat
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posted on July 11, 2006 12:22:46 PM
neglus: Look into Best Offer a bit more. I'm not claiming it will necessarily work for you, but it will open a mostly-automated dialogue (which means no emailing back and forth) with anyone who makes an offer.
Let's say they make a laughable $1 offer on your $7.50 postcard. When you list your item and select Best Offer, you can have all offers below your chosen amount automatically rejected. So let's say you choose to reject any offer below $6.00 without ever seeing it.
OR you can choose to evaluate the offer manually, in which case you could counter-offer with a 5, 10 or 20% "thanks for asking" discount off your BIN price. I have had some of these accepted, particularly for the scrap metal lots where I remind the potential buyer what the last spot price on silver or gold was.
Sometimes all the buyer needs is just a slight edge and even a tiny discount will close the sale.
fLufF
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tomwiii
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posted on July 11, 2006 12:30:01 PM
Out of approximately 20 "BEST OFFERS" I've received, only 2 were remotely acceptable -- and one out of those two had to be re-negotiated...
The last one I received was last week:
LIST PRICE = $1250.00
MY PRICE = $999.99
"OFFER" = $150.00
Got stuff? PLEASE join RALPHIE & ME in some AUCTIONS for our favorite NON-PROFIT~Thank You!
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stonecold613
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posted on July 11, 2006 01:00:18 PM
I agree with Tom on this one. Best offer has only hurt sellers. It has made a class of bottom-feeder ebay buyers. Want that $50 item for 5 bucks. Otherwise, forget it.
I have had excellent success with Second offer. I usually will send them out within a few hours of the close of the auction (assuming I have more than one). 9 out of 10 buy no questions asked.
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fluffythewondercat
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posted on July 11, 2006 02:04:14 PM
Gosh, Stone, I'd love to hear more about your extensive experience with B.O.
Uh, scratch that.
fLufF
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