Ebay, panic over

[bobmac]

I am selling something on ebay and I was convinced it was finishing this morning.
It has no reserve and was on £0.99 and 1 bid last night with 7 watchers.
This morning I look and it's still on 99p.
As it is worth at least £25 I was starting to panic. Then I realised it finishes tomorrow morning.
Doh

Do you always sell with a reserve or do you trust it will find it's own level

 

[DappaDonDave]

I thought reserves bad to be a minimum of £50? Unless that's just what the category I was selling in said.

I recently sold tat on there which I would have thrown out. Made £90 for my golf fund. The missus has out some perfume on, brand new bought at Xmas by someone from work, she doesn't wear it, £31 currently! Boom! Easy money

 

[AmandaJR]

I never sell with a reserve but start the item with the minimum I'd take for it. Never risk the 99p option as I have bought heaps of stuff at silly prices on there :clap:

 

[ADB]

I am selling something on ebay and I was convinced it was finishing this morning.
It has no reserve and was on £0.99 and 1 bid last night with 7 watchers.
This morning I look and it's still on 99p.
As it is worth at least £25 I was starting to panic. Then I realised it finishes tomorrow morning.
Doh

Do you always sell with a reserve or do you trust it will find it's own level

Bob - instead of setting a reserve I might start the auction at the lowest you would take. For example, if the item is worth £25, I might start the bidding at £10 to avoid someone potentially winning the thing for 99p.

If you look at similar items before selling you can see if they are quick sellers with lots of bids or not. If they are popular items, I would start the bidding at 99p as you know there will be interested parties and a good bidding war usually creates a decent final sale price.

Don't forget that if you are concerned, you can pull the auction and relist (especially as you have no bids yet). It's bad form generally, but you don't want to give the V-Ea.....I mean your sale item away :thup:

 

[bobmac]

Thanks SHW.
Its not a V-easy, but it is something you would use on putting green.

I tried selling it first with £50 reserve as I thought it was worth it. Sadly, after 13 bids, it only got to around £25 so we'll see.
No reserve might encourage some more bids.

 

[wull]

it has to be a minimum of £50 to set the reserve and doing this costs more as ebay like to charge fee's left right and centre.

from my experience you have a better chance of selling items by starting them at 99p and no reserve.

i've tried selling items with reserves and a higher start price then relisted them @ 99p with no reserve and ended up getting much more than i had first set the reserve at.

it seems to put people off having the reserve or higher starting price.

 

[bobmac]

That's what I'm hoping Wull

 

[StrangelyBrown]

I always start from 99p and try to have the auction end on a Sunday night at about 8pm. I never have an auction end on a Friday or Saturday night as people tend to be out of the house. I find that starting with a low price encourages a bidding war and finishing on a Sunday means that a lot of people are in the house, have finished their dinner and are on the laptop because they're a bit bored

 

[CMAC]

how do you see what someones reserve is?

I've seen products that I thought would be worth a punt as seems a bargain but theres isnt any bargains if theres a hidden reserve that you never see until you make bids up to that level

 

[need_my_wedge]

Agree with Strangely and Wull, almost always start mine on 99p no reserve, aim to end Sunday evening. More people seem to bid on something they think they have a chance of getting cheap rather than starting at the price they'd be prepared to go to. Often it seems that if someone really wants it, they then bid past the fee I hoped for. My son recently sold some of his Pokemon and Disney Cars characters, started them at 99p hoping for £20 - £30 combined ...... sold them for £90+ & £70+ respectively.........

 

[Phil2511]

You need to get someone you know to buy it and then you say you got payment outside of PayPal and do the feedback. That's if it doesn't go up to the price it's worth. Then wait a couple weeks and relist.

 

[thecraw]

You need to get someone you know to buy it and then you say you got payment outside of PayPal and do the feedback. That's if it doesn't go up to the price it's worth. Then wait a couple weeks and relist.

Surely stuff like that doesn't go on?



Does it?

:mmm:

 

[shivas irons]

I am selling something on ebay and I was convinced it was finishing this morning.
It has no reserve and was on £0.99 and 1 bid last night with 7 watchers.
This morning I look and it's still on 99p.
As it is worth at least £25 I was starting to panic. Then I realised it finishes tomorrow morning.
Doh

Do you always sell with a reserve or do you trust it will find it's own level

It never fails to amaze me of the bidding war on ebay in the last 15 mins.Ive had items start at 99p that carry on like that for days,and then go far and beyond what I thought the item would make at the end of the auction .

 

[bobmac]

Just checked, it's up to £16.10
It's on the move

 

[Phil2511]

Surely stuff like that doesn't go on?



Does it?

:mmm:

Never done it myself, though I've never sold anything on EBay only bought but I know of others that have done it when they were not getting the bids they wanted or the item was worth.

 

[iku]

My only advice is to ensure that your auction ends at a reasonable time of the day. So not when everybody is at work.

I sold the same item twice: the one ending around 7pm went for £19 the one at 9am for less than 10.