posted on January 10, 2011 12:58:32 PM new
Hi, all: I've seen this on auction items but have never used it when I'm listing my own. How can I find out which categories enable this? I've gone into my Vendio Ebay account, and I have "best offer" checked, but where do I go from there? (I've never even used the best offer - yet.)
posted on January 10, 2011 02:29:09 PM new
I don't think you can add Best Offer on an auction. You can add a BIN to an auction (but you must set the price) or you list in Fixed Price (BIN) and add Best Offer to that listing.
posted on January 10, 2011 03:20:45 PM new
Thanks!
_____________________
"Here in America we are descended in blood and in spirit from revolutionists and rebels - men and women who ***dared to dissent*** from accepted doctrine. As their heirs, ***may we never confuse honest dissent with disloyal subversion."*** --Eisenhower
posted on January 14, 2011 08:48:42 AM new
I have found that 75% of the items I sell that have Make an Offer actually never receive an offer. They are sold at the BIN price.
One of my accts I sell new clothing using fixed prices. I have also discovered that my sales improve by including a Make an Offer on it, even though my MAO auto accept price is 95 cents less than the BIN price. Example: $69.95 BIN, $69.00 MAO auto accept.
My sales increased by about 15-20% including a MAO. I think people see it amongst the other listings, click on it and then just buy it. I also notice that I tend to get higher than average prices. I see a lot of auction style listings selling similar items for $25-40 regularly. I offer BIN between $60-80 depending on what it is. My photos and organization really must pay off, because sales are brisk... though much slower than December.
posted on January 15, 2011 08:18:42 AM new
I think the buy it now is a great tool for your business. I think it all depends on what you are selling and the market it is in item wise . Just a thought ?
posted on January 15, 2011 10:26:24 AM new
There are different variables that make BIN/MAO good options.
If you have a popular item that gets near or above retail prices, such as new ipods... you'll probably save money listing those as auctions because of the lower FVF fees. However, it is advantageous to put some BIN/MAO's up too, especially during the holiday season. There are people who don't want to wait to see if they won, but would rather know they own it and it is on its way.
BIN/MAO is also the best option for those who sell lots of items that aren't hot sellers, but of value. I couldn't imagine listing thousands of advertisements, post cards, clothing, etc as auctions unless you want to liquidate them quicker. Fixed price gives you the ability to list thousands of items for 5 cents a listing (using the 5 cent store option). You'll pay a bit more on your FVFs, but it is well worth it if your sell rate tends to be low.
posted on January 15, 2011 11:46:35 AM new
But, shag, in order to get the 5 cents listing in your store, you need to have a premium store which costs $49.95 per month. Basic store is 15.95 per month but each listing costs 20 cents. Depends how many items you list to determine which is the right fit. FVF is the same for both store categories.
posted on January 15, 2011 12:07:05 PM new
Another interesting aspect re auction vs BIN / store listings, etc. I listed a vintage item that I had one of in an auction format, 7 days at beginning bid of $18.50, no takers. I still thought the item was attractive and worth a shot, so put it in my store, same exact info and listed it for $29.95. Sold in 18 hours!! I guess people really want instant gratification.
I had this happen on some vintage tins, also. Listed them twice in auction style, no takers. Was about to trash them, but figured it was worth a nickel to list them in my store since I already had the pics and descriptions. Again, sold rather quickly.
posted on January 15, 2011 03:39:38 PM new
Well,I have a pair of gold filled earrings I listed several times,at 9.99,then 99 cents and I cant give them away.
Finally I sold it for 51 dollars/
All auctions!
Go figure!
*
There is no 'Global savings glut',only wild horses and loose bankers.
posted on January 15, 2011 03:44:48 PM new
The premium store is good if you have many high price items,pay the store fee of 49.95 and then each listing is 5 cents.
Higher price items take longer to sell,so 5 cents is nothing if it is finally sold at your asking price a few months later,or even one year!
One year is only 60 cents!
Having a Store free you from listing and listing and relisting,you can go do something else .
*
There is no 'Global savings glut',only wild horses and loose bankers.
posted on January 15, 2011 05:26:18 PM new
And if you only have a few (less than 200) items to sell, the basic store may make more sense. It will cost you $2.40 to list one item for a year versus 60 cents, but the store fee for a year will only be about $192 (I rounded off to $16 per month) versus store fees of $600 for a premium (rounded to $50 per month).
[ edited by merrie on Jan 15, 2011 05:31 PM ]
posted on January 15, 2011 05:46:23 PM new
some one here said she has an anchor store or the Big Mac version ,she pays 300 and has 10,000 items.
It really depends on how much you make,if you consider yourself a retailer,is 49.95 a lot of money for a store? or 300 ?
A brick and mortar with overhead will run you a few hundred to a few thousand dollars.And you cant stand there in your pj serving your customers?
*
There is no 'Global savings glut',only wild horses and loose bankers.
posted on January 15, 2011 05:55:48 PM new
Yahoo is 40 dollars for like 40,000 items and the final value fee is low,like 1-2% but where is the traffic?
What is high with both AMZN and Ebay is the final value fee plus paypal fee.
ebay has FVF and Paypal fee while AMZN marketplace has 15% commish plus 99 cents transaction fee.
*
There is no 'Global savings glut',only wild horses and loose bankers.
posted on January 15, 2011 07:45:23 PM new
Gotta do the math and see what works for you and your inventory.
One big factor if you do both store and auction is that is when you have a store, you still get free pics (up to 12 per item) for auction in any category. That an make a big difference, also.
