posted on August 21, 2003 01:08:01 PM new
I've been doing 5 day auctions for at least a year now, and have found them to be better than the 7 days. I list everything in one batch and the 2 days of down time to get new listings ready helps, and the sales are at least the same if not slightly better. The question I have is how good are 3 day auctions compared to 5 day? I do use Buy It Now alot, and I know my first and second day Buy It Nows are generally pretty good, and make up to 40% of my overall sales for the week.
Any insight on sales differences between 3 and 5 days, and how well BIN's do between the two?
posted on August 21, 2003 02:22:21 PM new
I like the 3 day auctions the best. We would list items friday night, and have them end monday night. Try 3 day auctions for a test, but I bet you will have the same amount of activity.
posted on August 21, 2003 04:17:53 PM new
I tend to agree, I've begun shortening the length of my auctions, because I only use Buy It Now - so why wait 7 days to sell an item?
I've found most shorter auction sales as good as the longer ones, so why sit and wait for inventory/sales to turn every 7 days if you can get it to turn every 5 or 3 days?
posted on August 21, 2003 04:23:07 PM new
Do you have counters on the auctions? There have to be potential buyers looking during the entire duration do way not get the full seven days worth of exposure? It can't hurt.
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posted on August 21, 2003 08:39:23 PM new
Slower moving items will do much better on a 7 day listing. But if you have a more popular items, a shorter length of time is generally better. Especially if there is a lot of competition. The closer to the first page of listings you are, the better your sales will be. BIN also tend to do better even if they are priced slightly higher than there auction listing type of competition. People want the popular stuff now and do not want to wait for an auction to close.
posted on August 21, 2003 09:50:50 PM new
I have found that most of my bidding is done either in the first day or so and the last day or so. All of the days in between are just "there". I used to do the 7 day thing, but have not done it for a year and my sales are the same. I also use the BIN, but only after I have placed it for bid twice. I usually have more than one item of the same thing. That way it will go as high as it can the first couple times, and then I will take what I fell I want for it with the BIN. Why sell myself short with a BIN the first time? You never know how high something is going to go. Just my 2 cents worth of how I do it. I imagine it all depends on what you are selling and who it appeals to and when the best selling times are. I think that men and women shop and look on completely different days and times of the day, so you have to consider who your buying population is.
posted on August 21, 2003 11:44:00 PM new
Auction - I think you missed the last part of this subject title .... BIN. You don't have bidding wars in fixed price auctions
I usually use 3 day BIN if I have a single iten available. If I have multiples, I use longer auctions but a lot of it depends on how many items are available under the most common keyword searches. If there is 1 or 2 pages of listings I'll go with 7 but the more pages there are, the less days I'll use.
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Men Are Like Grapes. If You Stomp on Them and Keep Them in the Dark Long Enough, They Might Turn Into Something That You Would Take to Dinner
posted on August 21, 2003 11:47:12 PM new
I'm inclined to go the opposite direction. I favor 10 day auctions. With few exceptions, my counter stats show very good viewing activity on days 3 through 8. Besides, it's worth the extra dime to give the snipers extra time to get get ready for their big hit
The light at the end of the tunnel will turn out to be an oncoming train.
