VeryModern
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posted on November 18, 2000 02:57:14 PM new
Wondering this..
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CAgrrl
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posted on November 18, 2000 05:21:35 PM new
I honestly don't know.
I don't plan to jump on the "buy it now bandwagon" on Ebay quite yet. First of all, I have Yahoo for this already. Second, I've been reading the Ebay board and it's looking like Ebay didn't fully do their homework with the setup. I think right now it's confusing to bidders, plus there's no real way to advertise that you can "buy it now!" in your auction. The titles aren't long enough and anyway, someone could come along & place a bid and then the opportunity to "buy it now" is gone. Confusing.
I plan to wait & see before going that route. I don't really think it will hurt business on Yahoo...I hope not...but I really don't know.
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dman3
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posted on November 18, 2000 06:44:28 PM new
I havent tried the ebay buy it now priceing im takeing a watch and see for the momment.
But at this time there is a bit of confusion with the need to verify cc# being mistaken for makeing payment.
also I have seen a few posts from people on the ebay board with the usual yahoo head aches with buy it now price in that people are biding buy it now and asking for two orthree weeks to pay, for me this was trouble on yahoo for me I wont fall into it on ebay.
buy it now and one bid wins is not a way to get a auction layaway plan.
I think if and when yahoo and ebay both go to auto pay on buy it now with there credit card service it will become hot hot with sellers when buyer bids your sale payment and shipping is automatically charged to then paid to seller no waiting no confusion .
http://www.Dman-N-Company.com
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amalgamated2000
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posted on November 18, 2000 08:33:20 PM new
I think it really depends on how wide the adoption of it is on Ebay. And that will depend on whether Ebay will be stupid enough to start charging for it, as many here have suggested they would.
But I really think that many Yahoo bidders are there mainly because of the availibilty of the buy price, so if it's widely adopted at Ebay (which I think it will be if it remains free) then, yes, it will hurt sales at Yahoo.
There is one catch however. I think that most sellers will set a slightly higher buy price at Ebay than at Yahoo, because of the Ebay fees, of course. If that's the case, then I think there's a good chance that Yahoo bidders will figure it out and stay put.
Oh, and one more thing... if it is widely adopted at Ebay, it might actually be good for Yahoo. I think may Yahoo visitors are Ebay regulars who aren't familiar with the buy price. If Ebay helps familiarize them, it might be a good thing.
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millicent_roberts
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posted on November 19, 2000 07:40:16 AM new
I had 7 buy nows on Yahoo yesterday. I'm not real worried about ebaY because it's an entirely different scheme. So original too.
Tongue in cheek..
I'm having a great time on Yahoo!
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heygrape
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posted on November 19, 2000 01:07:41 PM new
I think the only thing that is truely hurting us is the RIDICULOUS LISTING ORDER!
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yankeejoe
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posted on November 19, 2000 02:57:58 PM new
heygrape, AMEN!!!
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Fearlessfosdick
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posted on November 19, 2000 06:49:25 PM new
Buy it now is yet another money raising scheme invented by Egay in order to make more money. I think very quickly people will find out that its asinine to list an object for 10 cents and then have a $5.00 buy it now price. Sellers are cutting their own throats by aborting the auction process. As soon as Ebay sees enough people using Buy it now, they will start charging for this feature and that will put a damper on it anyways. I don't use it because it interferes with the auction process and can actually cost the seller money.
How many of you have seen a $9.95 auction go to hundreds even thousands of dollars?
It happens a lot.
The seller willing to grab a quick 12 bucks deserves what he gets.
Buy it now is for dummies.
It seriously interferes with the auction process.
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yankeejoe
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posted on November 19, 2000 06:53:20 PM new
If you're selling a fairly unique item, then yes, a buy it price may be cutting your throat. But there's nothing wrong with setting a buy price on a common item where the pricing is well known. I think there's definitely a place for buy it prices, even at auction venues.
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amalgamated2000
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posted on November 19, 2000 08:40:23 PM new
Buy it now is for dummies. It seriously interferes with the auction process.
As far as my products are concerned, auctions are for dummies.
You might ask, "Then why sell at an auction site?"
Simple. Because that's where the buyers are.
Does it make sense? No. Does it make money? Yes. And I prefer the latter.
[ edited by amalgamated2000 on Nov 19, 2000 08:43 PM ]
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chum
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posted on November 20, 2000 07:43:45 AM new
Ebay is too greedy to keep it free forever. Anyone that charges $5.00 for a yellow highlight wont think twice about charging. I think its great news for us Yahooers, becuase it shows us Yahoo is cutting into eBays profit margin. First it was a free picture upload like Yahoo, and know its the buy it now. I think Meg and her cronies are worried sick. My movies are moving better on yahoo than ebay, and its free!!
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millicent_roberts
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posted on November 20, 2000 08:56:18 AM new
Amen grapey. I'm running out of feedbacks to feature. When will this end?????
Also, good point. BIN is for dummies. Without much self-control.
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stockticker
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posted on November 20, 2000 09:53:29 AM new
EBay says on the "Sell" form that the "Buy It Now" feature is free for the holidays. That implies that there will be a charge for this feature early in the new year.
Irene
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millicent_roberts
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posted on November 20, 2000 10:20:38 AM new
Does anyone know how high the feedback chain must be? In order for auctions to progress?
Off topic, but this isn;t the ebay message board anyway.
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stockticker
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posted on November 20, 2000 10:33:27 AM new
Millicent_roberts: I think it would depend on the feedback of other sellers in the same category. I had a feedback of 2 and noticed in a couple of categories that my auctions weren't on the last page.
Irene
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VeryModern
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posted on November 20, 2000 11:40:39 AM new
turning on email
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gem10a1
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posted on November 21, 2000 09:56:26 AM new
Yahoo's is much more flexible and FREE!!!
Ebay's is not close to Yahoo's.
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zzyzx000
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posted on November 26, 2000 10:02:22 PM new
I used the ePay Buy Now feature yesterday for the first time because it was free and I was thinking it must have been designed by a moron or else there was a bug.
Then I started thinking about all the people in Las Vegas who play Blackjack and hit 17 and split face cards. All it is is a way to get the seller to quit listing items at $9.99 for $.25.
For example, I listed a SNES game cart which has been selling quite regularly on epay for about $60.00. There are enough of them listed to be confident you won't hit a home run ...and nobody is going to steal it from you much cheaper, so this is a good item to list with a $60 BUY price. So what happened? I made the minimum bid $9.99 ans immediately somebody bid $9.99 which by ePay rules, kills the Buy price.
That's what I thought the bug was until I then thought maybe they thought I would next time start the bidding at $60 and create a classified ad...gee what a novel idea....(except that I have had 2000 such ads on yahoo all year)...and that by starting the bidding at $60.00 they would capture a $2.00 listing fee instead of a quarter next time.
Sorry ePay. I don't split face cards unless I'm counting the deck.
Oh one other thing about epay. they finally figured out they were losing big money by giving out free to all the email addresses of bidders of closed auctions. They just changed that and now you have to request each individual email you want and it gets sent by email, so large volume abusers who sell this way will soon be identified.
I doubt many people did this often (look up your item on ePay's closed auctions and email all the losers that you will honor their failed bid) but I'll bet just about everybody did it some. So it will have some effect in reducing these commissionless sales, but it can still be done on a smalltime basis.
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akamich
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posted on November 27, 2000 08:52:42 AM new
Well, for me lately Yahoo sales have been more consistent than ebay, using both the auction format and the buy it now price. I don't think ebay's bin feature will have much impact on yahoo sales. I think the time frame is different, longer, less competition for the buyers, more like shopping using either format, buy it now, or bidding. Ebay is less predictable, and as mentioned, you can only buy it now, ie go for the big price, until some one bids. I'm betting they start charging for it, if it's a hit in their view, which will also reduce interest.
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millicent_roberts
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posted on November 27, 2000 12:25:53 PM new
This has been the best site I have ever really liked. I have been using featured auctions, I made it to front page of my category, I have people who PAY. Last auction on the other place ended 19 November. Not one has paid. I will no longer pay ebay's deadbeats. Least it is my choice on Yahoo to "waste" money on featuring. It has been well worth the cost and the effort.
Well, there's my 2 cents. I do what is best for me and that is what everyone must do. Moot point otherwise....
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outoftheblue
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posted on November 28, 2000 07:32:19 PM new
I doubt that the BUY IT NOW option will catch on at Ebay. I don't use it because I have a tendancy to under value my items. I've several times turned down what I thought was a great offer on an item and it was bid up to double or triple that amount.
I use a buy price on Yahoo because things seldom get multiple bids but for some reason people will bid the buy price anyway. It's a good way to get a few dollars more in a slow market....
[ edited by outoftheblue on Nov 28, 2000 07:33 PM ]
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jwpc
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posted on November 29, 2000 06:28:26 AM new
I am using the BIN on eBay but from the searches I've done on eBay and the reaction of the winners on the BIN items, I don't think most eBay buyers are really familiar with this yet - and aren't necessarily seeking it out.
I don't think it will hurt our Yahoo sales - because to cover the ridiculous eBay costs I have to up my prices on eBay AND when eBay starts charging for BIN I will have to up the prices again to cover that, so for savvy buyers and those who use a universal type of search, they'll find the product less costly on Yahoo and buy here.
I still get Yahoo buyers who are totally oblivious to the BUY IT NOW PRICING on Yahoo.....
From what I see on the eBay Board many of the sellers who deal in higher priced items aren't planning on using it - most of the antique dealers say they won't use it - but you know, "famous last words." When a few of the eBay sellers in those categories start taking the business away from those determined to keep BIN sellers out of their categories - other will start to use it.
I have used the eBay BIN on higher end items with no problem - same on Yahoo.
I really don't think BIN on eBay will impact Yahoo.
Paul Truth
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