When sales are slow what kind of auction do you use?

Alaska · Jul 10th, 2007, 08:25 PM

Should I use a very high starting bid (my reserve), an auction like that but with a BIN? Should I just use a NR auction- or just a straight BIN style auction?

What works best in the summertime when sales are slow?

Thanks for the advice

evolkatie · Jul 10th, 2007, 10:49 PM

i usually have an auction w/ a reserve but a low starting bid. I want to see how far up it gets, maybe if i'm lucky reserve will be met. if it doesn't i can decide if i want to give a 2nd chance offer to the highest bidder.

csssaunt · Jul 10th, 2007, 11:04 PM

evolkatie's technique is a good one! However, if you are thinking of listing expensive purses or collectables I'd hold until Fall if you can. You will make more money from Mid-Sept. on.

Lvbabydoll · Jul 11th, 2007, 12:46 AM

evolkatie-That sounds like a good idea, I'll have to try that sometime.

Alaska · Jul 11th, 2007, 01:03 AM

I agree with evolkatie too.... it just sucks so bad when the reserve isn't met..

LV Rawks · Jul 11th, 2007, 01:08 AM

I do the same thing that evolkatie described.

lovemyangels · Jul 11th, 2007, 01:52 AM

I personally don't like to use reserved listing since its fee is high. Plus there are tricky bidders put high bids then retract them so to detect the reserve price. I usually put the minimum price I would accept, then a BIN with immediate payment required. Selling might be slow, but at least I don't loose too much money.

preciousmoment · Jul 11th, 2007, 02:13 AM

how about buy it now with best offer option?

starletta8 · Jul 16th, 2007, 09:43 PM

As a buyer, I love the BIN/Make an Offer option.

As a seller, it's a dud. Lots of watchers, nobody buying.

bestinclothes · Jul 16th, 2007, 09:54 PM

BIN / Best offer works pretty well for me. Well...not this week...but usually.

mulberrylove · Jul 17th, 2007, 11:04 AM

Quote:

Originally Posted by starletta8

As a buyer, I love the BIN/Make an Offer option.

As a seller, it's a dud. Lots of watchers, nobody buying.

I agree with this. I have BIN best offer listings and upto 15 watchers on one of them?? Is it peoples wish list or are they intrigued as to what the item fetches ?

Hummingbird · Jul 17th, 2007, 11:17 AM

Quote:

Originally Posted by evolkatie

i usually have an auction w/ a reserve but a low starting bid. I want to see how far up it gets, maybe if i'm lucky reserve will be met. if it doesn't i can decide if i want to give a 2nd chance offer to the highest bidder.

This is a good technique to use to draw people in, they will look at your other items for sale that are BIN.

Jul 10th, 2007, 08:25 PM	#1
Alaska Material Girl Location: Alaska	When sales are slow what kind of auction do you use? Should I use a very high starting bid (my reserve), an auction like that but with a BIN? Should I just use a NR auction- or just a straight BIN style auction? What works best in the summertime when sales are slow? Thanks for the advice __________________ "this..stuff? ....it's not turquoise, it's not lapis, it's actually cerulean.... that blue represents millions of dollars and countless jobs and so it's sort of comical how you think that you've made a choice that exempts you from the fashion industry when, in fact, you're wearing the sweater that was selected for you by the people in this room. From a pile of stuff....."

Jul 10th, 2007, 10:49 PM	#2
evolkatie Member Location: USA	Re: When sales are slow what kind of auction do you use? i usually have an auction w/ a reserve but a low starting bid. I want to see how far up it gets, maybe if i'm lucky reserve will be met. if it doesn't i can decide if i want to give a 2nd chance offer to the highest bidder. __________________ My CL Collection Total Ban Dec 1 - May 31 Eeek!! But please help me find my HG's: Anemones pref in RED 36.5 EB Rolandos 37-38 Giraffe Orlato Decollete or VP 37-38

Jul 10th, 2007, 11:04 PM	#3
csssaunt Member	Re: When sales are slow what kind of auction do you use? evolkatie's technique is a good one! However, if you are thinking of listing expensive purses or collectables I'd hold until Fall if you can. You will make more money from Mid-Sept. on.

Jul 11th, 2007, 12:46 AM	#4
Lvbabydoll ♥'s Cupcakes Location: California	Re: When sales are slow what kind of auction do you use? evolkatie-That sounds like a good idea, I'll have to try that sometime. __________________ My Collection!(slideshows on p. 95). My other addiction-Juicy Couture charms! (posts 1779, 1780) Please visit my Etsy site, www.RitzeeRebel.etsy.com (or here for more pics) for my felt pins!

Jul 11th, 2007, 01:03 AM	#5
Alaska Material Girl Location: Alaska	Re: When sales are slow what kind of auction do you use? I agree with evolkatie too.... it just sucks so bad when the reserve isn't met.. __________________ "this..stuff? ....it's not turquoise, it's not lapis, it's actually cerulean.... that blue represents millions of dollars and countless jobs and so it's sort of comical how you think that you've made a choice that exempts you from the fashion industry when, in fact, you're wearing the sweater that was selected for you by the people in this room. From a pile of stuff....."

Jul 11th, 2007, 01:08 AM	#6
LV Rawks Sofa King Aware Location: Midwest USA	Re: When sales are slow what kind of auction do you use? I do the same thing that evolkatie described. __________________ *"We cannot change the cards we are dealt,* *just how we play the hand"* *~Randy Pausch*

Jul 11th, 2007, 01:52 AM	#7
lovemyangels Member	Re: When sales are slow what kind of auction do you use? I personally don't like to use reserved listing since its fee is high. Plus there are tricky bidders put high bids then retract them so to detect the reserve price. I usually put the minimum price I would accept, then a BIN with immediate payment required. Selling might be slow, but at least I don't loose too much money.

Jul 11th, 2007, 02:13 AM	#8
preciousmoment Member	Re: When sales are slow what kind of auction do you use? how about buy it now with best offer option?

Jul 16th, 2007, 09:43 PM	#9
starletta8 Balenciaga Addict Location: PA	Re: When sales are slow what kind of auction do you use? As a buyer, I love the BIN/Make an Offer option. As a seller, it's a dud. Lots of watchers, nobody buying. __________________

Jul 16th, 2007, 09:54 PM	#10
bestinclothes Member	Re: When sales are slow what kind of auction do you use? BIN / Best offer works pretty well for me. Well...not this week...but usually.