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Does eBay's marketing towards an Amazon model affect coins? - Auction, BIN or with Best Offer?
TopographicOceans
Posts: 6,535 ✭✭✭✭
eBay used to a good auction site for the marketplace, with 99c opening lots and coins would fetch around their market value.
Currently eBay has 784,000 coins listings. Only 23% are auctions and the other 77% are Buy It Now.
Those % can be somewhat deceiving because the 23% that are auctions, probably 80% have opening prices set close to what a BIN would be.
Mostly for non-coin items, people want to BIN and eBay has moved towards an Amazon model in that regard.
But for coins, which format do you prefer as a buyer and/or a seller?
As a buyer, I like auctions and just put in my snipe for my highest bid. If I win, great, if not OK.
I hate best offer options, though I've used them to buy coins before. But if you want $500 for a coin, list it at $500 and if I'm interested at that price, I'll BIN.
But when I sell with Best Offer option, I will list it with a BIN 10% above what I want, and set to automatically accept 10% under so people will think they're getting a deal.
I never set an auto decline. Even though I receive offers from the nice people on eBay of $100 for $500 coin, I just send a counteroffer.
What is the best strategy?
Currently eBay has 784,000 coins listings. Only 23% are auctions and the other 77% are Buy It Now.
Those % can be somewhat deceiving because the 23% that are auctions, probably 80% have opening prices set close to what a BIN would be.
Mostly for non-coin items, people want to BIN and eBay has moved towards an Amazon model in that regard.
But for coins, which format do you prefer as a buyer and/or a seller?
As a buyer, I like auctions and just put in my snipe for my highest bid. If I win, great, if not OK.
I hate best offer options, though I've used them to buy coins before. But if you want $500 for a coin, list it at $500 and if I'm interested at that price, I'll BIN.
But when I sell with Best Offer option, I will list it with a BIN 10% above what I want, and set to automatically accept 10% under so people will think they're getting a deal.
I never set an auto decline. Even though I receive offers from the nice people on eBay of $100 for $500 coin, I just send a counteroffer.
What is the best strategy?
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Comments
The available money people have to spend is a affect of the economy.
Less money means less searchers so less auctions and more full time listings.
As antitrust laws are dead in moribund DC, a small satchel of FRN's should get the job done.
bob
<< <i>Got it backward...Amazon is picking up the ebay model with adding Best Offer just this week.
bob
Saw that in the news Bob.
<< <i>Amazon is picking up the ebay model with adding Best Offer just this week. >>
Today's society wants instant gratification and to think they are getting a deal, so I guess the Best Offer combines the best of both those worlds.
You still get you Coach bag right away - plus at a discount.
But eBay was built on auctions and those are fading, and most open at the sellers minimum price.
Can't blame them - if you want to sell a $100 item for $1.14, eBay is the place for that.