eBay sellers - Buy It Now or Auction?

It happens more often than you would think. In fact, I'm surprised almost nightly with a final price.

 

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the only thing i check when im buying on ebay is ending soonest auctions or newely listed bins

 

Am I correct that you also attended public schools?

 

I'm surprised that almost everyone is saying BIN. I always start with auction. If it ends without a bidder, I'll relist with an auction along with BIN. I don't like how now eBay forces your BIN to be 30 percent higher because sometimes the difference is too extreme. If it's the type of coin I've sold before and I have a pretty good idea of what I'll get for it, I include BIN the first time around along with the auction price, but I always use an auction price. I think a lot of buyers ignore BIN because they assume it's overpriced junk. When I search for coins I've started to click "auction only" in the search criteria for just this reason.

 

I do most of m

Agreed

 

I attended public schools. I was a National Merit Scholar, went to The Ohio State University on a full ride, have since earned several additional degrees. The school you went to has little to do with aptitude or intelligence. Dedication, an interest in... well, everything, reading, a push in the right direction, and some street smarts do a hell of a lot more to shape a person than sending them to school with a crest on their blazer. I know plenty of morons with fancy pedigrees. Let it drop.

 

BIN but set the reserve at the minimum you would sell it for. If you need cash relatively quickly due a 7 or 5 day auction with the auction ending on a Saturday or Sunday night preferably around 8 or 10 pm.

If you have a coin that's worth a lot or you really think it should sell for a certain amount list it BIN. or BIN plus OBO. Depending on eBay's listing specials at that time relist the coin periodically so it doesn't get buried and shows up as a New Listing.

 

No matter the intelligence level, whether street or school smarts, someone with no command of the English language will not go far nor garner much respect.

My advice to Enochian would be to work hard on his English skills. He has shown us he is very capable of learning on his own, so, if he were to put in the extra effort on his this, he might go a lot further than he might as he is now.

 

Unfollowing!

 

I use BIN for most listings. The idea is to turn over inventory quickly. I don't want to wait for an auction to end. Rather than try to squeeze every penny out of every coin, I try to list with the lowest BIN price on ebay to capture sales. Then I can use those funds again.

If I have something that's worth little I'll put it for auction because it's not tying up my funds and people can bid it up.

I'll also occasionally auction off coins that I'm ready to take a loss on. I believe it is better to take a loss than to sit on a coin.

 

Not necessarily, you could own your own business in certain fields and do very well for yourself. It might not be easy, but it's far from impossible. I'm sure there are quite a few successful people with conditions such as Dyslexia.

 

That sounds like a fairly effective strategy. Is there a certain amount of profit you aim for on each coin?