posted on June 4, 2001 07:47:29 AM new
While listings are important, I find the sell through rate is even more important.
As of this posting, I have found the following:
Completed Auctions - 2848
Auctions completed with at least 1 bid - 225
Lowest ending bid - 25 cents
Highest ending bid - $65.00
# of auctions recieving more than 1 bid - 14
Highest number of bids - 6
I did not check to see if each auction ended successfully(no reserve or reserve met). However the $65.00 auction did (no reserve).
If all auctions ended with high bid or reserve met, sell through rate is roughly 8%.
I find this type of information helpful for sellers and buyers trying to find additional place to sell their wares. I will try to update this weekly.
posted on June 7, 2001 07:41:58 PM new
Completed Auctions - 5215
Auctions completed with at least 1 bid - 428
Lowest ending bid - 25 cents
Highest ending bid - $76.00(no reserve)
# of auctions recieving more than 1 bid - 40
Highest number of bids - 6
Bid Rate - 8.2%
Again, same rules as above. I have not checked to see if reserve was met on any of these closed auctions except for the highest closing auction with a bid.
There has been a .3% increase in the bid rate since 06/04
posted on June 7, 2001 08:39:46 PM new
toollady >
Bid Rate - 8.2%
Just one quick question. You are taking the auctions that closed during the last seven days, then dividing by the current number of listings, to get the sell-through (success) rate?
It sure is easy to get bogged down with the stats, isn't it. < grin >
I went to the closed auction page, sorted by End Date, Descent, 100 items per page, then began counting. Ugh! Gave up after ten pages and opted for something simpler. You are definitely on the right track.
I clicked on the last page (which was 54) and found that the closed auctions go back to May 18. According to the days-between-calculator, that's 20 days.
Okay, so you've got 428 auctions that closed with bids over the last 20 days, or 21.4 per day, or 149.8 per week, so the sell-through rate is
(149.8 / 5,215) x 100 = about 3%.
Since SellYourItem shows all closed auctions, and renumbers those that are relisted, using the total closed auctions is actually going to give you a more accurate sell-through rate than those instances where we have to take the current listings due to the fact that relisted auctions never show up as being "closed".
posted on June 8, 2001 02:56:56 PM new
toollady >
I guess the title of this thread should actually be bid rate, cause the bid count could include auctions with bids where the reserve was not met.
Sure, throw a wrench into the gears.
Actually, you're correct that there's going to be a small error due to reserve auctions for which the reserve was not met. You'd have to look at the auctions one-by-one to see if any should be deducted. So I'm happy just saying that reserve auctions are a small percentage of the total, and reserve auctions for which the reserve was not met is an even smaller percentage of the total.
posted on June 11, 2001 06:19:00 AM new
Completed Auctions - 7393
Auctions completed with at least 1 bid - 580
Lowest ending bid - 25 cents
Highest ending bid - $76.00
# of auctions recieving more than 1 bid - 58
Highest number of bids - 9
Thx for the info! Looks like this brand new site is showing promise! Think I'll throw some items up and see how I fare. Never hurts to have dozens of venues selling your wares. Never know which one will bring in new sales. Maybe collectively all of these new sites will turn out to be an effective alternative to eBay. Good luck on your auctions!
posted on June 11, 2001 06:56:37 AM new
Aw, dman, I'm going to take your comment as an attempt at humor that falls flat.
I would do comparisons from the other alternative sites, but don't have the time, nor inclination to dig for the information.
sellyouritem makes it real easy to find the information, for that matter, most of the information on their site.
I've yet to run into a brick wall over there when searching for information. Site map is a real asset. You can actually find what your looking for by using it.
)
