Mr. Belvedere Posted June 9, 2009 Report Posted June 9, 2009 Ever since I have used e-bay I have always wondered why people don't simply start the bidding with the minimum they will take for the item. Instead of starting at some ridiculously low figure and having a reserve. Even e-bay encourages you to do it this way via there pricing structure for listing items. For some reason it does seem to work better this way and I do not know why. Just auction mentality I guess. Any thoughts? Quote
Plymouthy Adams Posted June 9, 2009 Report Posted June 9, 2009 I also do not care for reserve bidding..but for the lister is is cost effective I reckon... I am a sniper and could literally care less though as I see something I appraise what I think it is worth to me and enter that price..that way I set my price and my bid goes in at the last minute where I duke it out with other snipers..if I get it ok, if not, be another one down the road...I think it is so stupid to start bidding an object 6 days out..I love to go to auction and see the bidding wars where the ego take over..sellers benefit, e-bay benefits...buyers well one is satisfied at least for the moment and probably will have bidders remorse later..other bidders..well the completed sell has a tendency to raise the entrance cost on the next same item when listed..so in part..prices are getting out of hand due... Quote
RobertKB Posted June 9, 2009 Report Posted June 9, 2009 Not that many good deals on ebay anymore. Whenever I list items on ebay for sale, I always put the starting price as the lowest price I am willing to accept. I know a lot of bidders like to start really low and possibly win at that price. However, as a seller, I know what I want and I don't want less for it. More is nice but if I only get one bid at what I have it listed for, I am happy. Quote
BobT-47P15 Posted June 9, 2009 Report Posted June 9, 2009 My theory, exactly, Robert. Starting price=what I want. I've come to like the "buy it now" feature lately. If the price suits me, I will just go ahead and buy it now. That way you are assured of getting the item rather than being outbid at the last minute by snipers.....or just other last minute bidders. Sometimes, buyers are so stupid, they get in a bidding battle and actually go past the buy it now price......giving the seller even more than he said he'd take. A local music store operator who sells on ebay told me he's had that happen. Quote
adam_knox Posted June 9, 2009 Report Posted June 9, 2009 My biggest irk with ebay is the end time. Sniping is annoying because sometimes you have to schedual a day around an auction. I'd rather a sealed bid approach, you have six days to send in a sealed bid. At the end of six days the highest sealed bid gets the item and the auction is listed as ended with the final sale price. Not the best for ebay inc., but for the buyer would make our lives a heckuva lot easier! Quote
Young Ed Posted June 9, 2009 Report Posted June 9, 2009 Adam you need a snipe program. Does all the work for you. You set it up and it pulls the trigger for you at the end. If you want I'll email you the link to mine and you can try it for free. Quote
Don Coatney Posted June 9, 2009 Report Posted June 9, 2009 My biggest irk with ebay is the end time. Sniping is annoying because sometimes you have to schedual a day around an auction. I'd rather a sealed bid approach, you have six days to send in a sealed bid. At the end of six days the highest sealed bid gets the item and the auction is listed as ended with the final sale price. Not the best for ebay inc., but for the buyer would make our lives a heckuva lot easier! Why do you have to schedule a day around an auction? If you use a sniping program it is the same as a sealed bid approach. Place your bid with the sniping service and your bid can be placed in the last 2-3 seconds of the auction. Quote
dezeldoc Posted June 9, 2009 Report Posted June 9, 2009 I like how prople act like the reserve is a big top secret deal! ask them and you get response like "you will just have to bid as i don't reveal my reserve" no problem i just use my dummy account and throw a big bid in and see what it is, then i retract my bid, if it is not to high and i want it i will use my good account and buy it. so much for them! another thing seems like people don't like to bid if you start high vs starting low, then they go nuts for some reason. Quote
Mr. Belvedere Posted June 10, 2009 Author Report Posted June 10, 2009 What reason would there be for not revealing your reserve? Sometimes I think people selling some items like cars put an impossibly high reserve just to see how much their item might fetch on the open market. Quote
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