eBay Second Chance Offers?
moosesr
Posts: 1,966 ✭✭✭
I just noticed that eBay has an option to send a second chance offer to an underbidder when you have more than one item available, but didn't have a Dutch auction. Anyone use this option or have an opinion on using it?
Charlie
Charlie
0
Comments
Mike
W.C. Fields
San Diego, CA
You don't use a dutch auction because you want the number 1 and 2 bidder to get the price as high as possible.
If you like the high bid and you have another of the same generic item (like a modern proof set) then you'll
generally like the second place price. This way you get rid of more of your items at a decent price and you aren't
competing with yourself by having both of your items for sale at the same time.
You get the second feedback and the same assurances if the bidder backs out (after he accepts). Ebay gets their
final value fee but not the listing fee. It's a win/win.
For those who say you don't owe ebay any cut on the second one, it's their venue. You only got in touch with the
second person because of their venue. Quit deluding yourself. (not like I've never done it, I just know when I
do something wrong)
YMMV,
-Khayse