And yes, another ebay thread regarding BIN
yankeeno7
Posts: 9,251 ✭✭✭
This has happened to me 4 times in just this past month....Buy it Now with best offer. I have put them on my watch list and within a day, the seller has gone in and increased the price. It's a pretty shady practice and there is nothing I cant live without. I wont even be making an offer on the items now.
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Ebay Store:
Probstein123
phone: 973 747 6304
email: rickprobstein1@gmail.com
Probstein123 is actively accepting CONSIGNMENTS !!
PS - the seller can't increase anything if there are offers out there. I have increased prices as well. Too many lowballers out there.
<< <i>if u email sellers strong offers, I think you'll find success.... >>
I am not sure if this answer addressed the OP's concerns about shady practices. In fact, I think it reinforces the thought that it is shady practice to increase BIN prices when someone puts an item on their watch list.
<< <i>In fact, I think it reinforces the thought that it is shady practice to increase BIN prices when someone puts an item on their watch list. >>
Whatever. Watchers mean squat. Either make an offer or get off the pot. As a seller, I could care less how many watchers I have. It's all about the bids and the offers.
Or should they? Buying/selling/sales is not my field by a long shot, but if I remember 4th grade social studies, high demand and low supply will increase price.
If a seller has something for sale, knows that others are interested (via watch list, etc.), is it just basic economics (?) that the price will increase?
<< <i>If a seller has something for sale, knows that others are interested (via watch list, etc.), is it just basic economics (?) that the price will increase? >>
No, because a watcher doesn't equate to a bidder or even a future bidder. Granted, if you have ALOT of watchers (say, more than 30), then that is a good sign that some of those watchers might turn into bidders - but that is no guarantee. Shoot, I have had items drop 5 watchers, and the item is still $300 under VCP!?!?! I am guessing those watchers were hoping to get something on the super cheap so they could flip it themselves. Either way, a watcher means nothing.
<< <i>This has happened to me 4 times in just this past month....Buy it Now with best offer. I have put them on my watch list and within a day, the seller has gone in and increased the price. It's a pretty shady practice and there is nothing I cant live without. I wont even be making an offer on the items now. >>
Not shady at all, seller can change his BIN price at any moment per eBay's T&Cs. Sorry you feel that this is shady, but you had the option to snag the BIN at the original price and you didn't.
Seller may have been looking to get some quick money together selling stuff at a loss to pay for bills, another purchase, who knows and he or she sold other things to cover the money they needed and now they have no reason to sell something at a loss.
Or they may just feel based on whatever that the BIN price was originally set too low. Again the seller can do whatever they want to their asking price unless you hit the BIN at the older price.
<< <i>
<< <i>If a seller has something for sale, knows that others are interested (via watch list, etc.), is it just basic economics (?) that the price will increase? >>
No, because a watcher doesn't equate to a bidder or even a future bidder. Granted, if you have ALOT of watchers (say, more than 30), then that is a good sign that some of those watchers might turn into bidders - but that is no guarantee. Shoot, I have had items drop 5 watchers, and the item is still $300 under VCP!?!?! I am guessing those watchers were hoping to get something on the super cheap so they could flip it themselves. Either way, a watcher means nothing. >>
OK, got it. The part about 30 or so watchers would have probably made my statement a little stronger. Would you agree that a lot of interest could possibly cause a seller to increase the price?
<< <i>Would you agree that a lot of interest could possibly cause a seller to increase the price? >>
No. You NEVER get 30 watchers on a BIN item. If your BIN item is priced too low, I promise, it will get snagged before you get a chance to accumulate watchers.
<< <i>
<< <i>Would you agree that a lot of interest could possibly cause a seller to increase the price? >>
No. You NEVER get 30 watchers on a BIN item. If your BIN item is priced too low, I promise, it will get snagged before you get a chance to accumulate watchers. >>
What about outside of the eBay construct? If you had an item for sale at a certain price in a store, knew there was a lot of interest in the item, would that be a reason to raise the price? Or would that never happen because no matter where this occurs, if there is a lot of interest in an item, someone is going to buy it at that lower price, and not wait for it to increase?
Not sure what all the fuss is about.
<< <i>Stores do it all the time.
Not sure what all the fuss is about. >>
So my 4th grade social studies example does hold up? I am really just curious about the process, so that is why I am asking questions.
<< <i>You can't have alot of interest and no buyers. If I have an item with BIN/OBO then I am free to change the BIN price if I want, just like I am free to get offers rolling in,, no matter how ridiculously low they are. If I have an item with BIN only, and no best offer, and that item has alot of watchers (over 10+), and noone pulls the trigger yet, then I will either leave the price alone and hope that someone pulls the trigger, or I will LOWER the price and hope that tempts one of the watchers to turn into a buyer. I will NEVER raise the price on a BIN with that many watchers. What the OP was complaining about was not just a BIN, but a BIN with the BEST OFFER option. He was just a watcher. He didn't hit the BIN, he didn't make an offer. As far as I am concerned, he was just window shopping, and never set foot on the field. The seller is free to do as they wish in regards to the BIN price, as I am sure the BEST OFFER option was still out there. >>
OK, so it seems it may work the other way. Maybe I am using the word interest wrong. Watchers (and I believe this is what you were saying) do not translate into interest. Interest is more active, not passive. Actually purchasing the item is interest. Making an offer is interest. In the seller's eyes a watcher is passive and regardless of the watcher's intentions they are considered a non-entity.
<< <i>If you had an item for sale at a certain price in a store, knew there was a lot of interest in the item, would that be a reason to raise the price? >>
Here's a perfect example, at least 6 times a year my cousin has me buy roses for his wife's grave.
Generally they are 55.00 a dozen, yesterday when I called to order for Tuesday they were 90.00
per dozen. Next week they will be 55.00 again.
As for the ebay situation, I raise/lower my prices on auctions all the time regardless if they have watchers.
If they have bids I can't. I generally don't do BIN's but again I can't find anything wrong with doing that either.
Sellers are free to do what they want with their items, irrespective if they have 'watchers' or not. Some watchers are just that
watchers.
<< <i>No. You NEVER get 30 watchers on a BIN item. If your BIN item is priced too low, I promise, it will get snagged before you get a chance to accumulate watchers. >>
I agree with this statement. If you have a BIN/BO item priced fairly enough so that many people would be interested in the item, it would be long gone before it got anywhere close to that many watchers.
<< <i>a watcher doesn't equate to a bidder or even a future bidder. >>
More agreement. I am watching an item right now that ends tonight, and there is absolutely no chance I will buy it. It's a PSA 9 common, and I happen to have a raw copy that I think would have a good chance at a 9. I just want to see if my card is worth sending in.
As to the OP's statement, that's really bizarre. I have put BIN/BO items on my watch list many times, and as far as I can remember that has never happened to me. I certainly wouldn't consider it a positive if I saw a seller do that, but it wouldn't necessarily prevent me from making an offer either. It's not really a material difference what the BIN price is; if I make an offer either they're going to take it or they're not.
-CDs Nuts, 1/20/14
*1956 Topps baseball- 97.4% complete, 7.24 GPA
*Clemente basic set: 85.0% complete, 7.89 GPA
<< <i>
<< <i>If you had an item for sale at a certain price in a store, knew there was a lot of interest in the item, would that be a reason to raise the price? >>
Here's a perfect example, at least 6 times a year my cousin has me buy roses for his wife's grave.
Generally they are 55.00 a dozen, yesterday when I called to order for Tuesday they were 90.00
per dozen. Next week they will be 55.00 again.
As for the ebay situation, I raise/lower my prices on auctions all the time regardless if they have watchers.
If they have bids I can't. I generally don't do BIN's but again I can't find anything wrong with doing that either.
Sellers are free to do what they want with their items, irrespective if they have 'watchers' or not. Some watchers are just that
watchers. >>
I totally get that a seller is free to do whatever they want with their item. It is theirs. They own it. If they want to offer it for a million bucks, give it away for free, burn it in the fireplace, it is their right to do so. I get that.
I am just asking about basic principles. To someone with a lot of experience in this area it may seem mind-numbingly basic. To me, I was not sure why raising the price with watchers was not a good idea or common practice. I think Bobby has explained it to me that watchers do not translate into interest. I was using the word interest in a more passive sense, not tying interest to an action.
<< <i>Wow, people really know how to take something to another level around here. >>
<< <i>Wow, people really know how to take something to another level around here. >>
You started this. You don't want to clean it up?
<< <i>
<< <i>Wow, people really know how to take something to another level around here. >>
You started this. You don't want to clean it up? >>
No, cuz it would be a waste of my time at this point.
Seems that there are a lot of anti-seller people out there these days.
Joe
<< <i>I don't see any problem with "principles" if a seller thinks he listed his item too low, see's that there is interest and raises the price. I don't do it, but don't see a problem with it.
Seems that there are a lot of anti-seller people out there these days.
Joe >>
prin·ci·ple
[prin-suh-puhl]
noun
1. an accepted or professed rule of action or conduct
2. a fundamental, primary, or general law or truth from which others are derived
3. a fundamental doctrine or tenet; a distinctive ruling opinion
4. principles, a personal or specific basis of conduct or management
5. guiding sense of the requirements and obligations of right conduct
I meant definitions one and three, not four and five.
I recently sent an offer to a seller on an item that has been listed several times and hasn't sold. I offered to pay him a little over the net price he would receive if it sold at the opening bid after accounting for the fees. His response, which is what many might agree with was, "I have 11 watchers right now and more coming so I'll let the auction end and you will regret not winning so I win and you lose."
Does he forget that he probably had watchers the 3 previous times this item was listed and NO ONE made the minimum bid? And if he sells it, what do I lose? Maybe he should raise his minimum bid ($300) since he has so many watchers!
Greed is good . . . really!?!?!?
Everyone to simply agree with you?
<< <i>
<< <i>I don't see any problem with "principles" if a seller thinks he listed his item too low, see's that there is interest and raises the price. I don't do it, but don't see a problem with it.
Seems that there are a lot of anti-seller people out there these days.
Joe >>
prin·ci·ple
[prin-suh-puhl]
noun
1. an accepted or professed rule of action or conduct
2. a fundamental, primary, or general law or truth from which others are derived
3. a fundamental doctrine or tenet; a distinctive ruling opinion
4. principles, a personal or specific basis of conduct or management
5. guiding sense of the requirements and obligations of right conduct
I meant definitions one and three, not four and five. >>
This principal is you "Pal".
prin·ci·pal (prns-pl)
adj.
1. First, highest, or foremost in importance, rank, worth, or degree; chief. See Synonyms at chief.
2. Of, relating to, or being financial principal, or a principal in a financial transaction.
n.
1. One who holds a position of presiding rank, especially the head of an elementary school or high school.
2. A main participant in a situation.
3. A person having a leading or starring role.
4.
a. The capital or main body of an estate or financial holding as distinguished from the interest or revenue from it.
b. A sum of money owed as a debt, upon which interest is calculated.
5. Law
a. A person who empowers another to act as his or her representative.
b. The person having prime responsibility for an obligation as distinguished from one who acts as surety or as an endorser.
c. One who commits or is an accomplice to a crime.
6. Architecture Either of a pair of inclined timbers forming the sides of a triangular truss for a pitched roof.