posted on December 31, 2000 07:44:00 AM new
Have used it since it came on line and it does WONDERFULLY for us. I don't like slow, drawn out auctions. I'd rather sell for a little less and do many turnovers. I use it straight out, that is my opening price and the BIN price are the same, so the first person to bid, wins, the auction closes, and we are on to something else.
We have used this concept on Yahoo, and love it - it is the Wal-Mart mentality - sell for a little less, turn lots of inventory fast - I love it. In fact it is basically I we use on eBay now.
posted on January 1, 2001 11:06:12 AM new
It has destroyed the intent and spirit of eBay. Now they're an on-line half-breed auction site/flea market. What will they think of next to lower themselves ever further?
posted on January 1, 2001 11:12:55 AM new
I have tried it with no luck my BIN Items end with no buyers or they bid start price and end the BIN price.
some I guess have good luck with it me I had listed bin on a few items had buyer bid lower ended the BIN price and had the auction close double my bin price I think I will stick to auctions for the type of items I sell. http://www.Dman-N-Company.com
posted on January 1, 2001 11:15:59 AM new
I have the feeling that some bidders either think of this as a reserve price or min bid somehow...
Ain't Life Grand...
posted on January 1, 2001 11:56:12 AM new
My BIN price is what I'd expect to get for the item retail rather than at auction. Last night I listed a widget starting at $5 with a BIN of $25. Sold it within a couple hours with BIN. Works for me.
As a bidder, I love BIN. I'll click on a BIN item before anything else. Frankly I wish I could do a BIN search! Most of the listings I've found with BIN have the BIN price virtually identical to the opening bid, which to me shows a rather inept seller use of this option. But if they're happy - so am I.
posted on January 1, 2001 01:07:55 PM new
I have used it and works fairly well except for one thing: I have had lots of people email saying they tried to use it but instead it just placed a bid for the exact amount of BIN but it did not end the auction.
I have had BIN on 90% of my items and those where BIN is not used normally end up selling above the BIN price.
posted on January 1, 2001 02:19:16 PM new
Don't know for sure, but I read somewhere that BIN was for buyers who have a credit card on file with ebay, (purpose of that escapes me!) Maybe that is why they can not use the bin feature.
Today I filed a Nonpaying bidder alert on a cuss-to-mer who has never contacted me, who closed item with BIN. I think there should be an extra measure of vengenance for buyers who close auctions and then never pay!
I used bin for the first time during the free listing day on ebay. Used it on some items I had been trying to sell for a year and no luck, but they sold with bin. It's amazing. I wouldn't use it on everything, but items that don't have much play, I certainly would.
I have also used it to buy and agree, would love to be able to use it to search with. I also view the bin items first and have gotten a couple of good deals. Give's Ya that flea market high on finding a diamond in the rough!
posted on January 1, 2001 03:33:56 PM new
For now, I am putting BIN on all my auctions, with differing increases in prices ranging from same as opening bid, to $5 or so more...it has been great so far...feel I am selling things with it that just didn't sell before...I love the pace of it. Big Question...when will ebay charge for it, and how much???
posted on January 1, 2001 03:46:59 PM new
Did my first BIN purchase today!
I like this feature as a bidder. Since most of the sellers seem to have set a retail starting bid or reserve, why not let bidders have the opportunity to purchase as soon as they see it?
For the most part, eBay is a giant flea market now, more than an auction. So BIN is like pricing at a flea market, where sellers will negotiate if no one is interested at the sticker price.
posted on January 1, 2001 06:12:35 PM new
I have always used it on Yahoo and was glad when it came to ebay. There are two reasons. 1) As a buyer, I dont like to bid on auctions that arent closing for a few days. With BIN, I can always choose to win immediately. I assume others feel the same.
2) I want my buyers to get a good deal. I have had them bid more than the item was worth and then had to tell them that they overbid. With BIN, I have more control.
I'd rather sell 3 items in one day and make $10 each and have three happy customers than sell one item over a week and make $15 and have the customer question why he found it cheaper somewhere else.
In the past week, I have had a number of items close at the BIN price on the first day. Since the items I sell are standard and I have plenty, I just went back and relisted. Today I sold three of the same item with BIN, one after another. I don't want to list three of the same items at the same time because then I pay three listing fees in order to compete with myself. If bidders see a few of the same, there won't be any rush to bid. I don't use Dutch auctions for pretty much the same reason, I'll wind up with three bids at the starting price. With BIN I pay one listing fee and if it sells quickly, I can relist. http://www.ygoodman.com [email protected]
