posted on July 31, 2001 08:23:07 PM new
ALot people like to compare Bidville to eBay. Sorry, but that's just not fair. 85% of the items on Bidville wouldn't sell on eBay the first round through either.
A more accurate rate to compare is Bidville's feature sell-through rate. I consider these to be approx the same "quality" of merchandise. Featured items cost the Bidville seller $1 to $0.50 depending on the plan. The ebay seller probably ends up paying roughly $1-$1.50 per item sold. This include the $0.30 insertion fee and the FVF.
Bidville's feature auction selling rate is about 44%. That's pretty good to me. A more accurate comparison would require more data, but these numbers are not publically available (i.e., unlike dimview I can't make false numbers up).
posted on August 1, 2001 02:27:10 AM new
http://www.bidville.com/bidville_stats.htm
You are using the 10 week avg. figure, not the current.
383 sales of 1,376 27.8% for the current week (7/25 posted date).
Down from 49.9% the prior week. They update the weekly chart every Wed. so we'll see shortly if it's up or down this week.
BTW, I asked the Prez. the day that chart was first posted to please add a column for Avg. sold price and got no response.
I'm not really a numbers person but it occurs to me if I were going for the $5 deal to keep my easy photo rights I'd darn sure use that $25 in credits to category feature 12 ads. If many other sellers do the same it could result in hundreds more featured ads. To keep up the current 10 week average 44 bidders for every 100 new features will be required. Hmmm, what are the chances? I guess we'll find out in Sept.
posted on August 1, 2001 05:48:05 AM new
uptoolate >
383 sales of 1,376 27.8% for the current week (7/25 posted date).
Thanks for pointing out the latest reported results. Rather than doing more calculations I'll just look at Bidville's most recent data in responding to daredevil2010.
daredevil2010 >
Alot people like to compare Bidville to eBay. Sorry, but that's just not fair. 85% of the items on Bidville wouldn't sell on eBay the first round through either.
Sure its fair. Bidville is an auctionsite. eBay is an auctionsite. I suggest that the difference lies in the fact that the overwhelming majority of items listed on Bidville would never attract bids on eBay.
A more accurate rate to compare is Bidville's feature sell-through rate. I consider these to be approx the same "quality" of merchandise. Featured items cost the Bidville seller $1 to $0.50 depending on the plan. The ebay seller probably ends up paying roughly $1-$1.50 per item sold. This include the $0.30 insertion fee and the FVF.
Okay, I'll play this game. You consider Bidville's featured items to be "quality" items. So last week Bidville had 702,000 items, of which there were 1,376 quality items. You therefore imply that there were 700,624 non-quality items. No wonder there's so few pageviews and even fewer bidders.
Even I don't hold such a critical view of Bidville's "inventory," but I do like your approach at looking at some of the trends that are working against Bidville right now.
Bidville's feature auction selling rate is about 44%. That's pretty good to me. A more accurate comparison would require more data, but these numbers are not publically available (i.e., unlike dimview I can't make false numbers up).
Actually, uptoolate correctly pointed out that the sell-through rate on 1,376 quality items fell to just 27.8% last week.
posted on August 1, 2001 08:32:34 AM new
Also daredevils assessment that it would cost the sellers $1 to $1.50 in ebay fees is a stretch. The average featured auction that sells on BV appears to only be about $5 and that is 55 cents in fees at ebay and between 50 cents and a dollar in fees at BV.
posted on August 1, 2001 04:58:20 PM new
The main reason to calculate the sell-through rate is for a seller to determine which site he/she can sell more items. In reality a global sell-through rate is useless, because some people will sell well and some won't regardless of the site. It all depends on the merchandise. eBay's top seller could come to Bidville and his sell-through rate would not go down to 1.4%. It would probably remain high up. Once again it's all about the merchandise.
A more scientific and controlled "study" would involve setting up identical items on each site (having some description, picture, intial cost, and cost to seller) and then tracking the sell-through rate and final price.
Any logical seller would use Bidville's featured sell-through rate to compare it to eBay's. Why? Because, in the grand scheme of things, they're on the same playing field in terms of overall costs (which is the most important factor for a seller). As a eBay power seller, why would I even bother looking at the 1.4% sell-through rate if I plan to feature all my items? It just doesn't make sense.
Dimview makes the major error of trying to compare two totally different systems without even attempting to correct for it. That's why his "sell-through" rates are pretty much false. If eBay became "free" their sell-through rate would plummet too! So it's really not the function of the auctionsite, but the actual ability to list for free. Once again... to correct for these differences... One should compare Bidville's feature sell through rate when comparing it to eBay since both cost roughly the same to the seller.
In terms of Bidville's recent feature sell-through rate of 27% or so: dimview is again showing his bias. One week does not make a trend. The logical number to use is the AVERAGE... which is about 44%. But no one ever said dimview was logical.
posted on August 1, 2001 05:12:39 PM new
Anyone know what the average PRICE of the items sold on bidville is? I say you can not compare ebay and bidville because who would pay .30 to list (and then a FVF) a $1.00 item? I sell toys and video games on both sites. Last week I listed a Time Crisis game on both sites. The one at ebay sold for $43.50 and 230+ hits. The one on bidville had 3 hits and did not sell (take it now for $35.00). Bidville, like it or not, seems to be a garage sale site (which I have no problem with).
posted on August 1, 2001 05:23:37 PM new
When I had listings on Bidville I didn't have many bids on what I listed but the average price item sold for were equil to what I sell for on Ebay when items end with a single bid or BIN price.
No item I sold on bidville went for less then $9.99 the highest bid was for $16 I didnt have any auctions with more then one bid but the auction that did get bid on had high views.
the last batch of 50 Items I launch on bidville I had 5 views on 50 listing in 14 days one item on watch and no bids at that point I stopped launching items.
in fact I took some of the items I had once listed on bidville and put them on internet pioneers some sold there I put some back on ebay and sold them there the rest I put out in a yard sale and made over $150 in two hours in my front yard.
for some reason about two months ago auctions on bidville stopped getting views so I started useing my time where I could make a return on my time.
posted on August 1, 2001 05:28:29 PM new
daredevil2010 >
eBay's top seller could come to Bidville and his sell-through rate would not go down to 1.4%. It would probably remain high up. Once again it's all about the merchandise. A more scientific and controlled "study" would involve setting up identical items on each site (having some description, picture, intial cost, and cost to seller) and then tracking the sell-through rate and final price.
Nonsense. I have run duplicates on Bidville and eBay. I have run a set of items on Bidville and moved them to eBay. Reported the results here. Others have done the same thing, with the same results. In just about every instance, eBay exceeds Bidville in individual sell-through rates.
Dimview makes the major error of trying to compare two totally different systems without even attempting to correct for it.
Bidville is an auctionsite. eBay is an auctionsite. Dimview does not make use of "fudge factors."
In terms of Bidville's recent feature sell-through rate of 27% or so: dimview is again showing his bias. One week does not make a trend. The logical number to use is the AVERAGE... which is about 44%.
Even though the reporting week has not yet ended, Bidville has already reported the weekly results. Overall sell-through rate declined to 1.5%, the featured sell-through rate increased to 32.1%.
I don't believe Dimview ever stated that one week *did* constitute a trend. Dimview has used a four-week moving average before to look at trends. The four-week moving average in the overall sell-through rate is 1.4%; the four-week moving average in the feature sell-through rate is 37.2%.
Thanks for the answer. I am not knocking the site or garage sales in any way. I am a "powerseller" on ebay and have had no luck on bidville. What do you sell?....
posted on August 1, 2001 05:34:18 PM new
Who me I sell Records, tapes, Cds, carnival glass, magazines, video's, Collectable toys post card coins and stamps so far. http://www.Dman-N-Company.com
Email [email protected]
Nonsense. I have run duplicates on Bidville and eBay. I have run a set of items on Bidville and moved them to eBay. Reported the results here. Others have done the same thing, with the same results. In just about every instance, eBay exceeds Bidville in individual sell-through rates.
Can you please tell me the timeframe when you posted these results? I have read this board pretty consistently for 2-3 months and do not remember a post with these results or discussion of the results. Your help would be appreciated.
