posted on September 20, 2002 11:58:21 AM new
Anyone have any thoughts on one versus the other?
I often put more valuable items on 10-day auctions starting on Thursday or Friday and ending on a Sunday or Monday. This way I figure more people have an opportunity to see the item over 2 weekends. But some people think 10-day auctions are too long and people loose interest.
posted on September 20, 2002 12:09:26 PM new
If you have an 80 year old Leica camera use a 10 day auction. If you have a DVD of "Harry Potter" use a 3-5 day auction.
posted on September 21, 2002 10:18:30 PM new
If you have a rare item that there are less than 50 of listed, then use the 10 day listing. If there are many of the item like 1000, use less days as most bidders will only look 4 - 5 pages of listings before giving up. Most sales will happen as your listing gets closer to the first page of listings making a 10 day listing not worth the extra money.
posted on September 22, 2002 08:49:00 AM new
I just did a study of 10 day vs. 7 day. I have all of my auctions end on Sunday night @11:30. I find that 75% of the bidding is done in the last 24 hours. Not enough difference to warrant the extra cost is what I have found. As far as rarity, I can't comment on that, I deal mainly in china & collectibles, most of which are in scarce supply, not necessarily rare.
posted on September 23, 2002 01:13:48 PM new
Good question.
I use counters, but sometimes they get few people and I get a good price.
Sometimes you get a billion hits and nuffin'!
I tend to list 10 day auctions on thursdays so I get two sundays. I have two items I would like to do decently on, so I am doing a 10 day on each.
If I had an 80 year old leica I might skip the auctions and load some film and go out in the sun and play....
Japerton
posted on September 24, 2002 11:40:14 AM new
The only time I use 10 day auctions is if I start auctions on Saturday or Sunday. My auctions that end on Saturday or Sunday do terrible. Most everyone likes to end on Sunday but I have found that my auctions bring 20 to 30% less ending on Sunday.
posted on September 27, 2002 11:48:59 AM new
I list items with a starting price, with
Buy-It-Now set at a higher amount and set
them for 10 days (ie, $3.99 w/BIN of $7.00).
After experimenting this worked best for me.
I get a lot of BIN sales during those extra
3 days, which makes up for the increased cost
of listing. And there is no difference
during the other 7 days (I've also tried 3
and 5 day auctions). But the earlier advice
to try it different ways with a counter to
find out the best way for you is good
advice! Good luck!
Z
---
"Cannot say. Saying, I would know. Do not
know, so cannot say". -- Zathras (Babylon 5)
[ edited by zathras11 on Sep 27, 2002 11:51 AM ]
posted on September 27, 2002 07:48:30 PM new
When you say some "people lose interest" during a ten day auction, what does that really mean? Most people already cruise the "ending today" auctions because they can't wait, and that's when most bidding occurs. So to them it doesn't matter if your auction was a 3-5-7- or 10 day auction.
What's left is the minority of bidders who may search or bid sooner. There's only the first three days of an auction that seperate a 7 day & 10 day, so to the very few bidders that bid during the first three days and may be discouraged to wait you have to ask, if they can wait 7 days, would they mind waitng an extra 3 days? I would think they would. They aren't in a rush obviously; they obviously have patience, so I do think they will bid anyway.
Even on 3 days auctions, people tend to wait until the last hours to bid.
So I just see no difference between lengths of auctions.
posted on September 28, 2002 06:35:32 PM new
AFTER SEEING THIS POST,,,,,I NEVER USED 10 DAYS BEFORE BUT I THOUGHT,,,,,HEY THERE MAY BE SOMETHING HERE,,,,,,,,I HAVE NOW DONE THE 10 DAYS,,,,,MY THINKING IS IT WILL REALLY,,,,,,,FRUSTRATE THEM TO HIT THE BUY IT NOW! THEY WANT IT "NOW"!!!!!!!! TIME WILL TELL. I HOPE MY THINKING IS RIGHT. I THINK IT IS.
IT'S BEEN WORKING GREAT FOR THE 7 DAYS,,,,10 MUST DRIVE THEM UP THE WALLS....I WANT IT!!!!!! AND I WANT IT ,,,,NOW!!!!!!!!
