Buy it Now and Best Offer......
goye
Posts: 454 ✭✭
greets.........
Generic question | opinion survey..........
Buy it Now and Best Offer scenario
100.00 PSA 10 Card, buy-it-now & or auction, zero bids first time around.
2nd listing of same card, price drops to 90.00 & best offer offered.
What would be the lest offered buy it now you would accept?
A. 70.00 or more
B. 55.00 or more
C. 40.00 or more
D. other
Disregard "player" and what you have into the card.
Thanks for playing, goye
Generic question | opinion survey..........
Buy it Now and Best Offer scenario
100.00 PSA 10 Card, buy-it-now & or auction, zero bids first time around.
2nd listing of same card, price drops to 90.00 & best offer offered.
What would be the lest offered buy it now you would accept?
A. 70.00 or more
B. 55.00 or more
C. 40.00 or more
D. other
Disregard "player" and what you have into the card.
Thanks for playing, goye
1985-86 O Pee Chee PSA 910 Hockey
0
Comments
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I tend to make first offers with a 25% discount off of listed price. But I don't even waste any time if the card is sky high to start with.
B. $55
I just dropped the price on a ton of my cards, I have been trying to move everything out but have been too busy with school, now that summer is here, and I am taking time off, I want to move this stuff.
A lot of things I have too much of and am willing to let it go for whatever it will bring, a lot .99 cent auctions
I'd put it in my store and wait for a $70 or better offer, so A IF that was a reasonable price and I thought it could sell
Depends on the card, year, player, population #, past sales, etc etc.
As a rule of thumb for me, if that card is one I feel is overpriced anyway (maybe it's a common with a very limited registry market, whose price I know will soon decline, I'm apt to take the $55 offer)
If it is a star card with more lasting value, I might hold onto it, knowing a buyer with a higher offer will eventually come around.
I had an item listed it twice starting bid 24.99 + 3.00 s/h , no bids
so I listed it as BIN 49.99 + 3.00 s/h 2 hours after listing get an offer of 35.00 + s/h . I take it. LOL
No way to explain how buyers act.
had 1 item starting bid 9.99 12 watchers no bids, I would have cried if it sold for 9.99. relisted with starting bid 49.99 sold for 68.53.
ebay is hit or miss, and I applaud anyone who starts all their auctions at 99 cents in todays economy.
This is what allows me to list my auctions with no reserve and I don't have to worry about losing money. If more of the high BIN sellers would take the time to actually do some work instead of being so damn lazy then they might make more profit. That includes searching for the right buy price and working on the back end to enhance their listings and then providing the best customer service like shipping in a timely manner and communicating with the buyer.
diamondman, i sell mostly BIN on the bay and I really think in the society we live in these days its A HUSTLE and BUstle World People dont have time for Auctions to sit and wait for them to end also how ebay shows items these days it may have been that your auctions was lost in the CROWD that is why AMAZON is doing so Much better then ebay these days. you go there find the item and BUY it simple as that. not sit and wait 3 5 7 or 10 days for a listing to come to an end! i think ebay is coming to realize BIN is there future (do a search for your favorite items then click Auctions Only, then click BIN only SEE THE DIFFERENCE in #'s) that is why they pretty much have forced everyone to purchase a $50 a month store if they want to list BIN for .05 per listing per month. And since ebay doesnt want to see there baby (auctions) die out there giving away 100 free auctions per month ooh yeah theres a catch ONLY IF YOU LIST the items for .99 or less!! These days that pretty much garbage starting listings at .99 your lucky if you get a few bids back in the good old days on ebay you could list a piece of garbage and guarantee you get a bidding war NOT ANYMORE Far FROM IT.
Zixx, I have to agree with you there, Everytihng you sell if you want to make a profit it on it all depends on
1 how much you have in it
2 how much you want to make on it
and
3 how fast you want to sell it
if you really want to make profit NICE profit on ebay you have to be willing to be in it for a long run meaning Sitting On items
you just want to flip it and make a quick sale. the Economy yes is bad now BUT THERE ARE PEOPLE OUT There that do go online that HAVE MONEY or CREDIT CARDS and do SPend you just have to be willing to WAIT and Have some patience for That RIGHT Buyer to come along and buy it for the PRICE YOU want and have it for.
goye,
if i were you i would put it up on BIN for $90 with best offer set like this
any offers of $70 or more you automatically accept! any offers lower then $70 you maunally accept or decline
again i cant say how long is a good time to wait for an item to sell because again it all depends on how fast you want to sell it or how long you are in for the ride so to speak.
most sellers on ebay these days are looking for a quick flip sometimes you cant get your inventory cheap like one post said so you have to list it high to get a GOOD profit me personally even if i got it cheap id still sell as high as possible. like stocks BUY LOW SELL HIGH thats how its always worked Selling on line as well.
Hope this info helps
www.everythingcollectibles.biz
The BIN sellers aren't solely to blame in that the brain surgeons at Ebay have gone astray from their successful business model in trying to capture another market and made the fees deterrent to selling at auction. In the end the sellers will have to sell and ebay will have to go back to being unique or it will die as well.
<< <i>Ebay is NOT Amazon. Ebay didn't make it's name and fortune on being just another online store with the same fixed price business model. The unique thing about ebay that brought it all of the success was the auction format. I don't even include BIN's in my searches as I'm sure a ton of people do. That is why Ebay's profits are going down because idiot sellers are going to a format that buyers on the whole do not like and will not go to "Americas online auction place" to purchase.
The BIN sellers aren't solely to blame in that the brain surgeons at Ebay have gone astray from their successful business model in trying to capture another market and made the fees deterrent to selling at auction. In the end the sellers will have to sell and ebay will have to go back to being unique or it will die as well. >>
I do not see Ebay in any trouble. You may not find what it is "you" want, but they are not going anywhere. It may not be what it once was, but it is what it is and will be from now on. Gonna have to get used to it.
Ebay is the fault of a lot of this nonsense, so is the economy, so is the idea that getting something for nothing is a God given right. While I agree that ebay did not make its name on BIN's and BO's, it also made its money off of people who could afford to sell on the site. Because of the amount of fees it takes to sell an item now compared to when ebay first started, regular auctions no longer are money makers for the little guy unless they have really good items.
For example, I started on ebay aroudn 1999-2000. Price for auction listing..10 cents, now its 30. FVF was way lower (I believe the top % was 3 or 4%). Economy was great which had more demand for items and better traffic, so an item would get bid up auction style, now great cards go unbid upon sometimes. Many people started an ebay store (I did because auctions we NOT selling anything, but store items were selling great, even at fixed prices)...store listings were ONE CENT for 30 days for a $12.00 a month fee. Now you have to pay $50 a month just to have 3 cent listing with a sell fee of around 10%. Paypal used to be free, now its 3%.
Unfortunately for me a lot of people, we do not always have "high demand" items. Myself personally, I have a lot of items, when the right person sees it, will fetch a nice price, but if the right people do not see it either because they arent online that week or the item is drowned out by the mega sellers, then a card which sells for $25 regularly will sell for 99 cents. Maybe the big sellers and the ones who sell high ticket items can absorb that, but not the average Joe and since THAT is what ebay was founded on, either ebay needs to take a look at what made them the company they were instead of cowtowing to the few which is making it the company it is becoming.
////////////////////////
Not a chance that EBAY will revert to its early model.
Auctions were a fad and they are all but dead, in almost every non-collectible/non-motors
category.
EBAY is an advertising company that is moving fast toward being an unregulated
financial-services company. (There will come a time when PayPal and its consumer
financing ops will likely make on-site merch listings redundant. If EBAY is collecting
funding-fees on almost EVERY online sale -worldwide - the importance/value of their
own sales venue heads for the toilet. Sales Teams are working night and day to make
it happen.) PP is also kicking-butt on "card-present terminals" around the globe.
It has historically been fun to contemplate that PP would be spun-off; soon, we may
start wondering when EBAY will be spun-off and PP will become the only enterprise
represented by EBAY shares.
EBAY is now making approximately 20-BILLION+ ad impressions via clicks to
NON-EBAY-LISTED items per month. (Tho, some of those clicks lead to both
on-EBAY and off-EBAY listed items from the same keyword buyer.) Put another
way: EBAY can make more money from off-EBAY ads than they do from on-site
listings.
If auctions make up more than 10% of EBAY listings - in ANY non-motors categories -
by 2012/13, I will be very surprised.
The trend has been clear, since 2006. Auctions don't work - for sellers - on commodity
items; BINs do. The 2007/08 econ-downturn accelerated the trend. As the econ gets worse,
BINs will gain further share; unless there is a total crash, in which case auctions will rebound
sharply and EBAY could become a liquidation center.
.............
May 22, 2010........ 9 PM
PSA Card Listings:
Total Listings......... 192,251
Auction Listings..... 21,994
BIN Listings......... 170,750
...............................................
May 22, 2010........ 9 PM
Handbag Listings:
Total Listings......... 451,230
Auction Listings..... 104,260
BIN Listings......... 346,720
(When I first started selling handbags, 95%+ of listings were auctions.)
......
May 22, 2010........ 9 PM
Cert Pre-Owned Listings (EBAY Motors):
Auction Listings..... 27,619
BIN Listings......... 24,311
.....................................................
(Total Listings never equal posted BINs + Auctions, due to constant drop-offs/add-ons
AND the comingling of Auctions with a BIN-option in the gross "BIN count." That mixing
can be somewhat significant in some categories, and totally insignificant in other categories.)
clarity edit
...............................................
For example, I started on ebay aroudn 1999-2000. Price for auction listing..10 cents, now its 30. FVF was way lower (I believe the top % was 3 or 4%). Economy was great which had more demand for items and better traffic, so an item would get bid up auction style, now great cards go unbid upon sometimes. Many people started an ebay store (I did because auctions we NOT selling anything, but store items were selling great, even at fixed prices)...store listings were ONE CENT for 30 days for a $12.00 a month fee. Now you have to pay $50 a month just to have 3 cent listing with a sell fee of around 10%. Paypal used to be free, now its 3%.
Unfortunately for me a lot of people, we do not always have "high demand" items. Myself personally, I have a lot of items, when the right person sees it, will fetch a nice price, but if the right people do not see it either because they arent online that week or the item is drowned out by the mega sellers, then a card which sells for $25 regularly will sell for 99 cents. Maybe the big sellers and the ones who sell high ticket items can absorb that, but not the average Joe and since THAT is what ebay was founded on, either ebay needs to take a look at what made them the company they were instead of cowtowing to the few which is making it the company it is becoming. "
mtcards You hit th NAIL on the COffin! i wish more people INCLUDING NEW EBAY SELLERS would see it this way and not fall in to the TRAP that ebay puts forth from there mouth tells every one to start there auction at .99 to get some action start (yeah maybe a bid or 2 if your lucky only auctions that get action are rare and hard to find items and only then do they get auction if ebay is working properly) what they dont tell these new sellers OR SELLERS in general is that there are rolling blackouts ( meaning the server which your listings are located on periodically malfunction) and your listings go into a black hole till ebay sees fit to fix the problem could take minutes or could take days but this happens when your listings is about to end you could loose potential bidders this has happen before you can read about it on ebay sellers message forums. Even BIN's Get sucked into that black hole but the thing is the BIN comes back and its there for the duration of the listing however the auction that was about to closed IS NOW CLOSED and you have to pay to relist.
You also have it right on with absorbing the cost if an item that you know or have seen sell for $25 be it at auction or BIN go for .99 because of FACTORS BEYOND your control heck yea im going to be upset and i know for afact i dont sell on ebay to give my collectibles away for .99 i know there are those unethical sellers that will disobey ebays rules and close auctions early if they dont have enough bids or no bids at all. Yes auctions were GREAT when ebay first came on the seen BUT LIKE ALL NEW THINGS People have Lost interest and our society (world wide) has become more of a hustle and bustle kind of world NO time to sit infront of acomputer screen to wait for an item to end. and if you look at ebays EARNINGS you will see they have made WAY MORE MONEY on BIN's Then they have On there AUCTIONS in the last few years ebay has seen this and that is why we got the new TIER Structure Ebay sees the future as being BUY IT NOW then sit and way for an auction to end. yes they do alow buy it now on auctions but the stupid thing ebay does is THEY GO AND CHARGE A FEE FOR IT how.
I mean if you paid next to nothing for the item or nothing at all and dont care if your listing ends with 1 bid for .99 more power to you but Smart sellers will list at BIN SET THE PRICE and let the buyer decided if they are going to PURCHASE it or not and since the majority of ebay auctions are pretty dead these days how i set my BINS is i go do a completed search for the item see how many closed. if its a rare item and say only 5 or less have closed in the last 2 weeks ill add up the totals then divided them by however many sold and take that # and DOUBLE it some times triple and put a best offer option on it. I double or triple it because to me AUCTIONS or only part indicator of what that item is worth or what it was worth to the last person that bid on it. as mtcards said there are factors in these times that might not allow people to be on to bid on items they want or looking for. some people just dont come one regularlly they may visit ebay once a month or something who are more then willing to spend more then the last person that bid on that item. you just have to have some patience and be in it for the long haul. Oh and actually its $50 for .05 per BIN (30days) if you want .03 per BIN you need to get a $250 ANCHOR store!! YIKES!! but for Eample say you have $5 invested in an item you have priced at $75 (bin with best offer) you have researched it an seen completed auctions at $25 and $40 well say someone puts it up for .99 and gets afew bids but only gets $25 for it a few months later someone comes along and buys iyours for $60 you made profit of $55 (say it took 6 months to sell it only cost you .30 (.05x6)) just for having patience and waiting for that right buyer to come along! its happen to me. to me i see that $5 like this if i put that $5 in the bank in 6 months (how long it took for the item to sell) i would have never made $50 in the bank and thats how i always look at my BIN sales
www.everythingcollectibles.biz
////////////////////////
"Not a chance that EBAY will revert to its early model.
Auctions were a fad and they are all but dead, in almost every non-collectible/non-motors
category.
EBAY is an advertising company that is moving fast toward being an unregulated
financial-services company. (There will come a time when PayPal and its consumer
financing ops will likely make on-site merch listings redundant. If EBAY is collecting
funding-fees on almost EVERY online sale -worldwide - the importance/value of their
own sales venue heads for the toilet. Sales Teams are working night and day to make
it happen.) PP is also kicking-butt on "card-present terminals" around the globe.
It has historically been fun to contemplate that PP would be spun-off; soon, we may
start wondering when EBAY will be spun-off and PP will become the only enterprise
represented by EBAY shares.
EBAY is now making approximately 20-BILLION+ ad impressions via clicks to
NON-EBAY-LISTED items per month. (Tho, some of those clicks lead to both
on-EBAY and off-EBAY listed items from the same keyword buyer.) Put another
way: EBAY can make more money from off-EBAY ads than they do from on-site
listings.
If auctions make up more than 10% of EBAY listings - in ANY non-motors categories -
by 2012/13, I will be very surprised.
The trend has been clear, since 2006. Auctions don't work - for sellers - on commodity
items; BINs do. The 2007/08 econ-downturn accelerated the trend. As the econ gets worse,
BINs will gain further share; unless there is a total crash, in which case auctions will rebound
sharply and EBAY could become a liquidation center.
.............
May 22, 2010........ 9 PM
PSA Card Listings:
Total Listings......... 192,251
Auction Listings..... 21,994
BIN Listings......... 170,750
...............................................
May 22, 2010........ 9 PM
Handbag Listings:
Total Listings......... 451,230
Auction Listings..... 104,260
BIN Listings......... 346,720
(When I first started selling handbags, 95%+ of listings were auctions.)
......
May 22, 2010........ 9 PM
Cert Pre-Owned Listings (EBAY Motors):
Auction Listings..... 27,619
BIN Listings......... 24,311
.....................................................
(Total Listings never equal posted BINs + Auctions, due to constant drop-offs/add-ons
AND the comingling of Auctions with a BIN-option in the gross "BIN count." That mixing
can be somewhat significant in some categories, and totally insignificant in other categories.)
clarity edit"
storm888 you summed it up great again i wish more people would at least try to understand this and see that, alot of people ask why is the market (ebay) so bad its because thy are just looking at COMPLETE AUCTIONS if thats all you look at of couse its going to look bad!
thanks for posting those Counts! as we can see BINS out RULE Auctions these days and ebay knows that and thats why we got the New Fee Structure if they didnt think Buy IT NOW was the way of the future we would be getting 100 free BUY IT NOW listings instead of AUCTIONS.
www.everythingcollectibles.biz
I do all my searches for "Auctions Only" now and will never look at BIN cards again.
Better to list it with a high opening bid to cover yourself, than to list it with some crazy BIN......... at least people like me will see the auction.
<< <i>I do all my searches for "Auctions Only" now and will never look at BIN cards again. >>
I do the same thing Frank
<< <i>
<< <i>I do all my searches for "Auctions Only" now and will never look at BIN cards again. >>
I do the same thing Frank >>
just like a ton of people including myself Matt.
Since I don't make my living off of ebay, I am a seller that buys what is "hot" at the moment at the best possible price and then actually "sells" it. What I mean is that if I can buy a nice card from a lazy seller for half of average VCP because he puts up one small pic in the listing with no description then I'll do that. Then I'll take the time to put up several high resolution scans of the front and back and give a very descriptive listing and get more than average VCP. After the sale I'll stay in contact with the buyer and ship the NEXT DAY assuring that they'll leave great feedback and possibly put me on their best seller list.
I was recently made an offer that I couldn't refuse from a marketing firm to become their VP of Marketing. I walked away from a good, cushy 6 figure job in order to do my new job. I can equate ebay sellers to a lot of what I tell our clients in that you have to effectively market your product and gear it toward your target audience. A lot of sellers are complaining that they can't sell at auction because they are losing money and have to list with high BIN's. That is the most ridiculous thing I've ever heard. If you are buying the right items at the right price and listing them properly then you are gonna make a lot more selling the item at auction. Plus you don't have to wait for 6 months to find some sucker to pay your price. Of course if all sellers adopted this policy then the smart buyers would lose some of their outlets of buying at sweet deals.
Exactly bobbyw8469!
Auctions are there now adays pretty much for Liquidating that means you dont care what price you get as long as you get something pretty much a quick sale (i dont liquidate items i sell them) ! I admit i use AUCTIONS FOR ONE THING INVENTORY now adays you can buy low at auction and sell high at BIN. i like many others hense the #'s that have been posted here show share the same feeling BINS bring in more. rather post at BIN with a as high of a price as i can get for the item then throw it up there at auction and let the "REAL world" decided what the ending price will be because now adays the "REAL WORLD" are pretty much people looking to get something FOR NOTHING. And i just had that for example about waiting 6 months i still made a profit of $55, $30 more then the AUCTON that closed for $25 for the same item yeah he may have made a quick sale but he didnt make the SAME PROFIT and in business thats the bottom line. Some times items can take hours or days to sell (thats quick) for double or triple what they sell for at auction while others may not have as much of a demand of following but is still rear that might need to sit abit to get the right buyer for that right price! i for one am willing to wait i to dont do this for a living i have a job so i dont need it to SELL QUICK i can wait i have patience and the profit i make on my collectibles its worth the wait. And there not SUCKERS there people that dont have TIME to sit there and wait for an AUCTION to end that have money to spend and dont mind spending some extra to get item RIGHT NOW then a to wait probably 2 weeks after an auction starts to recieve there item. BINS ARE SO SIMPLE the buyer buys it, pays, you ship the same day with DC (first class or priroty mail) and customer has it within less then a week!
i will admit if your in it to make money or a profit or not give away your items AUCTIONS are not the way to go BINS are. Auctions are there for the cheap collectors, Dealers looking for Inventory, or just your avarage joe looking to get rid of items he no longer wants and dosent care what the final price is. yes you can start the price higher then .99 but then you pay more for the listing
Thing is with inventory/collections SOME ITEMS are rare and not many avaible. If you dont have a good source for inventory or not out to Rip off a collector (meaning offer them Crap for the Items. then you are going to have to ask for as HIGH and As MUCH as you can get for your item and auctions are not the way to do that) i for one sell tickets and programs alot of programs and tickets i liist there only a handfull less then 5 listed at a time some even less so even if i get a program for $5 and theres none listed im going to list it for $50 or more. which a few months back i did with a College bowl program it was the only one listed someone came and offered me $20 it automatically declined and he asked what was the lowest i would take for the program i told him $40 (20% off my price) he turned it down said it wasnt "WORTH" that (yea maybe to him) a week later someone came by and USED THE BIN BAM $50! i had only had it up for 3 weeks!! yes BINS are the way of the future that is the best thing YOU ARE IN CHARGE OF THE FINAL PRICE NOT THE BUYER again Tickets and Programs are not massed produced in the #'s like cards are so you may not run into Many items like that, that you are the only one selling it but when it does happen no other competition just like was mentioned you have to MARKET YOUR ITEM and when i have the only item listed on a WORLD WIDE SITE i make sure I MARKET IT AS BEING A RARE AND HARD TO FIND ITEM so that person that might be interested in it might pull the trigger and buy it (you just need one person to do that)
And yes it is important to put up GREAT PICS so buyers can see exactly what there getting with my tickets, programs yearbooks media guides i scan both the front and back and also insides if there are problems like writing cutouts or tears. But at auction EVEN WITH A GREAT LISTING YOUR NOT GUARANTEED a SET PRICE at least with a BIN you are yes you might not sell it as fast BUT AT least when you do sell it YOUR GETTING THE PRICE YOU WANT FOR IT not the price the last bidder was willing to pay
and again it all boils down to HOW MUCH PROFIT you want to make on the item, how easy it is to get that item back in your inventory for a cheap price.
www.everythingcollectibles.biz
I was recently made an offer that I couldn't refuse from a marketing firm to become their VP of Marketing. I walked away from a good, cushy 6 figure job in order to do my new job. I can equate ebay sellers to a lot of what I tell our clients in that you have to effectively market your product and gear it toward your target audience. A lot of sellers are complaining that they can't sell at auction because they are losing money and have to list with high BIN's. That is the most ridiculous thing I've ever heard. If you are buying the right items at the right price and listing them properly then you are gonna make a lot more selling the item at auction. Plus you don't have to wait for 6 months to find some sucker to pay your price. Of course if all sellers adopted this policy then the smart buyers would lose some of their outlets of buying at sweet deals. "
"I am a seller that buys what is "hot" at the moment at the best possible price and then actually "sells" it" So I.E. you pretty much Flip it as fast as you can ( you dont like to sit on inventory to get the MOST YOU CAN for it not just VCP)
"If you are buying the right items at the right price and listing them properly then you are gonna make a lot more selling the item at auction." so your saying Pretty Much Buy Cheap at auction (or if our lucky cheap BIN) Well Your Still Not GUARANTEED to make GREAT PROFIT what if i watched on of your .99 items say that item had sold for $100 in the past at auction i watched and watched and come down to the last few minutes no bids last mnute no bids i put a bid on at 20 seconds and win it for $5 then go and list it as BIN for $75 and within a few monts its sold WHO MADE OUT BETTER?? which FORMAT is better?? I think EBAY KNOWS i think ALOT OF SELLERS KNOW (shows it in the #'s and if your in business you know #'s DONT LIE)
"Plus you don't have to wait for 6 months to find some sucker to pay your price" if My price is going to get me $50 more dollars HECK YA im going to wait!
"Of course if all sellers adopted this policy then the smart buyers would lose some of their outlets of buying at sweet deals. " More like if all sellers adopted listing at BIN then the Dealers that use ebay AUCTIONS as as PRODUCT/INVENTORY sorce would loose there SORCE for getting things for next to nothing. I for one wouldnt want that to happen.
www.everythingcollectibles.biz
Sellers who wanna give stuff away will continue to use
auctions, until they have no more stuff to give away.
Buyers who wanna get the best steals are well seved
by shopping auction listings. They only see 10% to 20%
of available listings, but those listings can be had cheap.
I use EBAY to retail items. If I cannot get my high-price,
I do not care if the item sells or not.
There is just as much work involved in losing money on
EBAY as there is in making money on EBAY. I am not
interested in working to lose money, thus, I am on team-BIN.
....................
Obviously, there are some items that are still safe to auction.
I just don't sell those types of items; some folks do, tho.
When I set things to sell at auction I know when they are going to end and when I need to ship them and can alot my time accordingly thereby assuring my buyers that they are gonna get the item within a couple of days. I guess if I were selling 1000's of low end items then I'd adopt the BIN theory, but most of my items are high end items that I can make a decent profit on. High end items that go to auction like vintage sets and singles that are described right and that the buyer feels safe buying from a reputable seller ARE NOT suffering in this economy.
www.everythingcollectibles.biz
<< <i>I have GIVEN away high end items via auction. I have given away medium/low grade items via auction. I have occasionally gotten lucky via auction. More often than not, I wind up giving the item away via auction. Most of my items sold via auctions wind up back of Ebay in sellers' stores for alot more money than what he/she won it from me for. With that being said, like Storm, sign me up for TEAM BUY IT NOW! >>
then there is some sort of disconnect with your items, what you pay for them and how you market/list/sell them. If you'd like my help I bill out at $115 an hour for consulting time.
www.C7marketingandsales.com
<< <i>
<< <i>I have GIVEN away high end items via auction. I have given away medium/low grade items via auction. I have occasionally gotten lucky via auction. More often than not, I wind up giving the item away via auction. Most of my items sold via auctions wind up back of Ebay in sellers' stores for alot more money than what he/she won it from me for. With that being said, like Storm, sign me up for TEAM BUY IT NOW! >>
then there is some sort of disconnect with your items, what you pay for them and how you market/list/sell them. If you'd like my help I bill out at $115 an hour for consulting time.
www.C7marketingandsales.com >>
spam?
As vette said, if you have the right card you should feel comfortable with auctions. If you have time to wait and ship an item one day...then another a few days later...then maybe wait a few weeks for another sale, BIN is a good way to go.
"...then there is some sort of disconnect with your items, what you pay for them and how you market/list/sell them. If you'd like my help I bill out at $115 an hour for consulting time. ..."
//////////////////////////////////////////////////
I charge more than that, but I also help online folks that are
struggling at little or no charge.
Your "disconnect" assumption is amateurish and there is ZERO
evidence that it has any merit.
Roughly 90% of experienced EBAY sellers are having little/no
success making money with auctions. They cannot ALL be victims
of "disconnect," caused by their own ineptness.
Commodity items simply do not make money in most EBAY
auction listings. That has near ZERO to do with cost-of-goods,
listing skills, marketing abilities.
A number of factors have contributed to the current circumstance,
but blaming sellers for the problem is nonsense.
................
I do not consign because I feel I can get just as much without having to pay a commission, but his selling methods and others like him are the way to go. If he, I , or whomever can make money selling stuff at .99/no reserve, then why can't all of the other sellers?
"...Why do people consign stuff to Pre War Card Collector for their high end vintage stuff when he lists them as true auctions? hmmmm......."
////////////////////////////////////
Because "high-end" items - in some categories - are still selling at
the high/reasonable end of the price scale when auctioned by sellers
with good/famous reputations.
Commodity items - there are lots of them and they are not expensive -
make up a HUGE portion of the items currently sold on EBAY in all cats.
Trying to auction them means giving them away. Using BINs usually means
getting the price the seller wants/expects.
<< <i>I'm not blaming anyone, only offering help. I just know that my business model/methods work. I've even given a few proven secrets/models to a few board members who follow them by script and also have success. Why do people consign stuff to Pre War Card Collector for their high end vintage stuff when he lists them as true auctions? hmmmm.......
I do not consign because I feel I can get just as much without having to pay a commission, but his selling methods and others like him are the way to go. If he, I , or whomever can make money selling stuff at .99/no reserve, then why can't all of the other sellers? >>
There are a couple of simple answers . . . Exposure and following. Most unsuccessful sellers are part-timers. They put up a few lots every now and then, get crushed and then say they can't get fair value. PWCC, JC, ML, BBCE, MS and a few other big sellers attract higher prices because they have a constant volume of quality material and buyers seek them out and will review their inventory on a regular basis.
Part-time sellers can maximize their sales numbers, but many are too cheap to cross-list, put time into quality scans and description and use weak search titles for their items. Eventually, they fall into listing via BIN or even worse, museum mode where everything just sits in their closet...
<< <i>Sellers who wanna give stuff away will continue to use
auctions, until they have no more stuff to give away. >>
This is untrue.
I've made quite a bit more than I expected on my sales over the past six years, and I use auction format almost exclusively.
For example, I recently received a small PSA submission that, based on prior sales, I figured was worth $650.
I put them all on auction started at 9.99, all of them sold, and my total sales were $634. A little less than expected, but no big deal.
If I had put them on BIN at my estimated value, I doubt that any of those cards would have sold by now, a week later. And I imagine that some would sit in my inventory for weeks or even months. Well, I don't like to carry inventory.
Selling an item quickly allows me to invest those dollars into more product and it keeps the ball rolling, so to speak.
And making three "average" sales of $50 over the course of a couple months gets me more profit than using "patience" to make one BIN sale of $75 over the same period.
So if you are losing money using the auction format, don't blame the format. Perhaps you're not very wise in what you are selling, maybe you are not listing the item correctly, or maybe you're not keeping a close enough eye on the market to see what is selling well, or watching the pop reports close enough, or maybe you just don't pre-grade very well before you submit.
If I was selling ipods or digital cameras, I'd use BIN. Because with many items such as these, there is a limited price range. You know that if you list a Wii or an ipod Touch, it will sell for "X" dollars or really, really close to that. So list it with a BIN in that range and it will sell.
But with collectibles, coins, sportscards, values fluctuate greatly. Sometimes it finishes lower (due to unexpected lower interest that week) and sometimes it finishes higher (due to a bidding war, for example). If you do your homework, I believe you can auction collectibles in such a way as to take advantage of this fluctuation. Or at the very least, not allow the fluctuation to hurt you.
Bottom line is, you'll get them sold and won't have to wait several months for a desperate buyer to come along and hit the BIN.
"...Or at the very least, not allow the fluctuation to hurt you. ..."
//////////////////////////
At this very moment, the sellers of almost 90% of PSA-cards listed have
decided that NO auction strategy/tactic is worth the risk.
PSA Cards Listed:
Total 192,052
Auctions 21,439
BINs 170, 841
<< <i>"...Or at the very least, not allow the fluctuation to hurt you. ..."
//////////////////////////
At this very moment, the sellers of almost 90% of PSA-cards listed have
decided that NO auction strategy/tactic is worth the risk.
PSA Cards Listed:
Total 192,052
Auctions 21,439
BINs 170, 841 >>
the more and more sellers that listen to all of the BIN crap and list their auctions at higher prices because they saw some schmuck pull the trigger on an overpriced PSA 5 Mantle, the more and more true auctions will benefit. It's simple economics really. The limited supply of auctions have driven the demand for buyers who hate all of the BINiots. If you'll notice the trends the last couple of months, VCP's on a ton of vintage cards have risen BECAUSE of auctions. So when a true auction comes around, it is a rarity and gets more watchers and potential buyers thereby raising the amount it goes for.
I just got hired to take a position that I don't have the qualifications for because I'm damn good at one thing, making money. I've made money in every single one of my business endeavors and I've made money for everyone of my investors at various entities. Now I get to make money by telling other people how to do things that will make them more money.
You can look at trends and listing numbers as much as you want to. All it tells me is that more and more sellers are getting scared because they had a few sells lose money at auction and they see other clowns listing for high prices so therefore they think they should do the same. Instead of trying to identify why they aren't making as much money as the next guy, not putting in the time to make their listings more attractive, or giving better customer service they think that by raising their prices it will cure itself. Wrong.
The most important part of any successful business is how you market your product and your level of customer service. A lot of potential buyers on ebay automatically assume that sellers listing at a high BIN are jerks and they will never buy from them no matter what they do. Couple that with poor customer service and I can see why some of these guys are losing business and profits. But hey, what the @#$% do I know?
<< <i> But hey, what the @#$% do I know? >>
nothing
<< <i>
<< <i> But hey, what the @#$% do I know? >>
nothing >>
lol
<< <i>
<< <i>
<< <i> But hey, what the @#$% do I know? >>
nothing >>
lol >>
Actually I have no problem with your opinion, it is yours to have. But I would say that the fact that BINs out number auctions 10:1 says that the majority of sellers have a different view. To each their own.
If you had a low pop (less then 5) PSA 10 of Joe Smuckatelly that you have 20.00 bucks into.
You list it a 2nd time at a 90.00 auction and best offer.
Would you accept an offer of 40.00?
or
Would you be one to offer 40.00?
theories and theo-ologies aside.
thanks for playing, again
goye
If I was the seller, I would counter the $40 with a $60 and go from there.
There are sellers who make a good living buying slightly below market and selling above it. They buy from PWCC, JS, and the other dealers mentioned all the time. If they auctioned off their inventory, after the fees their profits would be minimal. By selling above market with BIN's, their turnaround is slower but their buying opportunites are FAR greater.
Pricing is a complex matter--it isn't as simple as starting everything at .99 or doubling the market value on a BIN. The best sellers have a knack for knowing what they can get and which approach to take.
There are ways to make money just from auctions. Some guys break sets, some guys build sets or lots, but most of the guys making serious money strictly with auctions are very skilled in the grading game.
<< <i>
but most of the guys making serious money strictly with auctions are very skilled in the grading game. >>
That's an extraordinarily....... delicate way to put it.
I just got hired to take a position that I don't have the qualifications for because I'm damn good at one thing, making money. I've made money in every single one of my business endeavors and I've made money for everyone of my investors at various entities. Now I get to make money by telling other people how to do things that will make them more money.
You can look at trends and listing numbers as much as you want to. All it tells me is that more and more sellers are getting scared because they had a few sells lose money at auction and they see other clowns listing for high prices so therefore they think they should do the same. Instead of trying to identify why they aren't making as much money as the next guy, not putting in the time to make their listings more attractive, or giving better customer service they think that by raising their prices it will cure itself. Wrong.
"
The most important part of any successful business is how you market your product and your level of customer service. A lot of potential buyers on ebay automatically assume that sellers listing at a high BIN are jerks and they will never buy from them no matter what they do. Couple that with poor customer service and I can see why some of these guys are losing business and profits. But hey, what the @#$% do I know? "
okay who are you to call someone a "schmuck" That "pull the trigger on an overpriced PSA 5 Mantle" and who are you to say its OVER PRICED! what are you going by a price guide which is just that a guide to go by its NOT SET IN STONE! or you going by COMPLETE AUCTIONS again thats not a TRUE INDICATOR what that item is "WORTH" it all comes down to what that card or any collectible is "WORTH" to the person buying it! and "WORTH" is an opinion what you may think is OVERPRICED that buyer DID NOT who are you to SAY ITS OVER PRICED??
"buyers who hate all of the BINiots."
These buyers that hate BINiots are the ones That are Cheap looking for CHEAP NEXT TO NOTHING DEALS so they can go and flip it for a quick profit and with BIN's that mostly are higher then what AUCTIONS CLOSE FOR THEY CANT DO THAT because then they have to start there auctions well more then what the avarage AUCTION goes for and they surely cant make a profit on that. OH WELL LIVE WITH IT or go find another outlet for getting your inventory
"the more and more sellers that listen to all of the BIN crap and list their auctions at higher prices"
Are actually helping get the VALUE/WORTH of the items UP not Down
"true auction"
meaning starting cheap (.99)
"they see other clowns listing for high prices"
WHO are you to say they are clowns Just because its a high price TO YOU again which is JUST YOUR OPINION the best thing is ebay is WORLD WIDE there are a billion more people that might NOT THINK what you think is a high price they might actually think is a FAIR PRICE and PULL THE TRIGGER probably a TRUE COLLECTOR not someone looking to buy and Flip which now adays seems like there FAR to Many we dont have the current ecomoy to thank about this.
"This is untrue.
I've made quite a bit more than I expected on my sales over the past six years, and I use auction format almost exclusively.
For example, I recently received a small PSA submission that, based on prior sales, I figured was worth $650.
I put them all on auction started at 9.99, all of them sold, and my total sales were $634. A little less than expected, but no big deal.
If I had put them on BIN at my estimated value, I doubt that any of those cards would have sold by now, a week later. And I imagine that some would sit in my inventory for weeks or even months. Well, I don't like to carry inventory.
Selling an item quickly allows me to invest those dollars into more product and it keeps the ball rolling, so to speak."
hammared, first off how much did you have INVESTED in this small PSA sumbission and how much did you make on that $634? i can understand what your saying, again i went into detail and explained what i paid for the item and how much i made on it. i will also clearify that i have about 4,000 in store items at one time so im not relying no just that one item selling again i have a full time job as well and i for one am willing "carry inventory" to get the FULL "WORTH" of the item not just what that last bidder thinks its worth and possibly GIVE IT AWAY. again it comes down to do you want to be INCONTROL OF THE FINAL price or do you want a BIDDER TO? yes prices fluctuate dailly and weekly on ebay AT AUCTION if your comfortably selling one item for $50 one week and the same item $15 the next because of factors beyond your control MORE POWER TO YOU to me i dont care what i paid for it i would still Feel as if i were giving it way because i know it sold for more the week before and i have PATIENCE to wait to get what an item is "WORTH" with BIN and Sitting in an Ebay Store. thats the thing IF YOU DONT HAVE PATIENCE the BIN's are probably not the route for you and for the few people that are in favor of AUCTIONS you seem to NOT WANT TO SIT on inventory and are willing to take what ever the last bidder on there items think its worth and i always go by this saying "there is always someone willing to pay more" thats the best thing about "WORTH" which is totaly different then book value or VCP because its not a SET IN STONE price one item can be "WORTH" different prices to different people
"If I had put them on BIN at my estimated value, I doubt that any of those cards would have sold by now, a week later. And I imagine that some would sit in my inventory for weeks or even months. Well, I don't like to carry inventory."
well There you go alot of people are seeing That with a little patience Using BIN in a few weeks or few months THEY CAN GET THERE Estimated value/worth
www.everythingcollectibles.biz
There are sellers who make a good living buying slightly below market and selling above it. They buy from PWCC, JS, and the other dealers mentioned all the time. If they auctioned off their inventory, after the fees their profits would be minimal. By selling above market with BIN's, their turnaround is slower but their buying opportunites are FAR greater.
Pricing is a complex matter--it isn't as simple as starting everything at .99 or doubling the market value on a BIN. The best sellers have a knack for knowing what they can get and which approach to take.
There are ways to make money just from auctions. Some guys break sets, some guys build sets or lots, but most of the guys making serious money strictly with auctions are very skilled in the grading game. "
Exactly it all depends on how much profit you want to make you can buy inventory at .50 a piece and sell for .99 and first bid you are making 100% profit or doubling your money same with if you have $5 in an item and list it for $9.99 your still making a profit your doubling your money me on the other hand see that as to much work for to little money i use to be that way
"By selling above market with BIN's, their turnaround is slower but their buying opportunites are FAR greater. "
I have to say with what i sell im in this category and yes it does work! but like i have said you hae to have PATIENCE, room from your inventory so you can "SIT ON IT"
www.everythingcollectibles.biz
<< <i>I must be the luckiest guy on Earth that I can auction every single thing I sell on ebay and make a profit on 99.9% of it. Having a full time job I don't have time to manage a full ebay store with BIN's and then ship one item one day, 2 the next, etc...
When I set things to sell at auction I know when they are going to end and when I need to ship them and can alot my time accordingly thereby assuring my buyers that they are gonna get the item within a couple of days. I guess if I were selling 1000's of low end items then I'd adopt the BIN theory, but most of my items are high end items that I can make a decent profit on. High end items that go to auction like vintage sets and singles that are described right and that the buyer feels safe buying from a reputable seller ARE NOT suffering in this economy. >>
It just amazes me that you can say this over and over. The question isn't 'whether you can make a profit' on auctions. The question is whether you're MAXIMIZING profit. And the answer to this question is almost certainly 'no', for reasons that Storm, et al. have very patiently tried to lay out for you in previous threads that have explored this topic.
Edit to add: There is, of course, a need to define 'profit' in the context of these discussions. If by profit you mean 'the difference between what I paid and what I sold it for', then yes-- just about anyone with three active brain cells can peruse Ebay listings and make $20 an hour by picking up the pennies that uneducated and/or lazy sellers leave on the floor of the virtual marketplace. If you're talking about ECONOMIC profit, then no-- you cannot make an economic profit on Ebay by exclusively using the auction format when selling sportscards.
As another board member told me recently, for mere pennies one can have something on ebay for 30 days with no risk (the BIN/BO feature). If no acceptable offer is received then the cost to relist for another 30 days is--again--mere pennies, and so on. Basically, a seller can have an item for sale for a year--with absolutely no risk of losing the item too cheaply--for less than 10 bucks. It only makes sense to me.
Furthermore, it is absolutely startling to me how often I have sold items without the buyer even using the Bo feature; they just hit the BIN, often paying much much more than necessary. Not sure why, but I am not going to complain.
Eyebone
If I was the seller, I would counter the $40 with a $60 and go from there"
yep that sounds about right on and if They accept you would be TRIPLING your inital Investment now with using BIN i dont about the AUCTION lovers but i think thats GREAT and i doubt you could do that at auction with all the buyers that come to ebay that want it cheap cheap cheap (unless you get a bidding war which if its not rare will probably not happen) ( and i really dont think there "smart buyers" there cheap buyers looking to get something for nothing)
www.everythingcollectibles.biz