posted on September 12, 2002 11:00:43 AM new
With tomorrow ending the sale here are todays stats. The overall sale rate was between 40%-45%. Congrats to all the sellers.
Total Items- 514
Items With Bids- 222
Total- 43.1%
posted on September 12, 2002 11:52:23 AM new
Do you get your stats from Yahoo or do you gather them yourself? If you do them yourself, do you happen to know how many of the bids were above the opening bid of $0.99? Asking for curiousity sake because I wonder if these type of sales do generate some decent bidding or just bargain shopping.
posted on September 12, 2002 05:48:49 PM new
stave I collect the stats several times during the sale and compare them. From what I have seen 95% of the items close above start price, some into the hundreds. I believe these sales are good for dumping excess items, and advertising. They are much better than FLD's.
posted on September 12, 2002 07:46:33 PM new
What happens with the Yahoo 99 cent sale is quality items need to be reduced to qualify for the sale. In most cases, they get bid up to a fair or near fair price. At bidville, junk that is worth less than 10 cents gets raised to prices way too high which increases the deadbeat rate there. Kudos to Yahoo in having the low listing fees and low FVF's. It keeps the junk out.
posted on September 12, 2002 08:51:47 PM new
Blairwitch,
Thanks for the answer. Never have studied these sales to see if sellers were realizing fair prices on the majority of sold items. Glad to see that you think that they are.
I'm also not a big fan of the FLD's. It appears that they have not been successful at permanently increasing the number of listings or attracting new buyers in any significant quantities. Been trying to think of changes that they could make to attract new listings without opening up the floodgates. Would like your thoughts on three ideas.
1. Reduce all listing fees to a nickel regardless of starting price. I think this would encourage a better variety of items in all price ranges to appeal to a broader range of buyers.
2. For established sellers, offer some sort of monthly subscription fee similar to Amazon. For this fee, you would get unlimited listings or a significantly large number of listings. I wouldn't want the fee too low. My idea is that it should be at least $50. This would encourage established sellers to expand their offerings.
3. Refund of the listing fee on any items sold, not just the relist.
I believe that Yahoo needs to do something to kick start another permanent jump in listing numbers so that the site is more attractive to buyers.
posted on September 13, 2002 12:47:43 AM new
Those are all excellent suggestions on possible ways to get some much needed listings for Yahoo Auctions.
To attract more of the smallers sellers that can not or will not pay a $50/mon subscription fee for unlimited auctions perhaps a variety of small monthly subscriptions would be benefical. Maybe a $50 in listing credits for $25/mon subscription with the stipulation that all credits must be used up each month and maybe a $25 in listing for $12.50/mon subscription.
This way the sellers would always be on site. The only objection that Yahoo may have to these types of monthly subscription plans is that they may cut too deeply into the Yahoo Stores value. If worse comes to worse Yahoo should get rid of the Yahoo Stores in an attempt to salvage it's auction segment.
posted on September 13, 2002 03:17:18 PM new
stavecards I think yahoo has a nice system in place. You can list a $9.95 item for the same price ebay charges for buy it now, and a $14.95 item for the price ebay charges for a second picture. Sellers have a choice of either sticking together and building up yahoo, or keep paying ebay ever rising fees. I choose the first option.
