posted on August 2, 2001 12:59:30 PM new
Just noticed it. There are 1,430 listings in that showcase right now.
Here's what's posted in the "Announcements" section:
"8/2/01 99 Cents No Reserve Showcase extended
The 99 Cents No Reserve Showcase has been so successful that we've decided to extend its run for an additional two weeks, until August 17. Sellers, if you haven't listed any $.99 items yet, here's your chance to participate - sign up now for this high visibility showcase. New showcase items listed after 9:50am, August 2 will be charged incrementally based on the length of the auction. If your items were listed prior to August 2, we'll continue to promote your listing within the showcase at no extra charge to you -- it's our way of saying thanks for making this showcase a hot spot for bargain hunters."
posted on August 2, 2001 01:22:51 PM new"The 99 Cents No Reserve Showcase has been so successful that we've decided to extend its run for an additional two weeks, until August 17"
Sucessful for whom? I have been watching these auctions closely. I haven't found a way to search within this category, so I have had to browse ALL the items (at least as many pages as I had time for) and noticed many many (in fact maybe even most) seemed to have very low bid prices EVEN if there were multiples. I saw items that had 3-5 bids that were still setting on under $5.00! How is this possible and how can anyone make money that way????
The coin auctions were the ones that looked like they were doing the best, but I don't normally pay attention to that category so I don't know if they were really doing well or not!
If I could list my items starting at 99 without a RES and be assured I would close at the $75+ (average) I need to make a profit, I would jump in on it, but as past experience has shown me, it doesn't seem to work for me. I just lucky like that!
Has anyone really made any money with these auctions? I'm not talking about getting lots of bids and a high sell-through (which seems to be the only thing Yahoo is concerned with-they can brag about that) , I am talking about actually makeing more profit than you usually do on the same type of items?
posted on August 2, 2001 08:38:57 PM new
I just did one of these 99 cent showcase auctions today. It cost me 20 cents listing fee + 40 cents for the 4 days I'm running it. (60 cents total) I'll let you know how it turns out.
posted on August 2, 2001 08:52:50 PM newbopkh-good luck and please do keep us posted as to how it turns out. I really am very interested.
I have a few items that someone just gave me, so I am not out anything for the merchandise. I think I might go ahead and list them and see what happens. I'll only be out the listing fees if they go bust!
I'm not sure how to handle the shipping fee though. Ordinarily I send everything priority/insured with DC (if they us PP). That is a minimum of $5.00! If someone only bids a $1, I don't think they will want to pay $5.00 in shipping!
posted on August 4, 2001 08:33:29 PM new
Hi Friends:
I'm not a #s person but I will tell you that I took the plunge and listed well over 60 new items this week. Most went into the 99c showcase. I took no losses these past two weeks. I have several "smalls" that I took a chance w @ 99c. Some sold at 99c some didn't. Overall, that was a chance I took and it was ok in the scheme of things. What I really noticed was that some of my high end items rec'd heavy bidding and most went at the buy price I set.. they sold several days before the auction ended. Those that I had duplicates of I have already sold again.
If you want some motivation - look under my id at yahoo (AuctionsRFun) and see the closed items for the last few days.
Again.. the sale might not work for everyone based on the products you sell but for me it is helping. Next week - Avon Collectibles :0
Good Luck!
Janet
AuctionsRFun.com
Yahoo ID: AuctionsRFun
posted on August 4, 2001 09:02:54 PM new
Thanks Janet for the update. I chickened out and did not list anything in the showcase...Of course, the category I sell in was not really well represented because if you closed at $.99, you'd loose big!
I agree with you that if you don't need a great deal to break even it might be a good idea. I noticed an awful lot of auctions closing out at under $10. If you had paid $.25 for the item to start, that's not bad. If you had paid $10 hoping for $20--oops!
I am glad it worked out for you. Hopefully it will work for all those that tried it!
I just lucky like that!