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<p>[QUOTE="RaceBannon, post: 1269977, member: 25357"]I would agree with you on some of your points. Here's my take: </p><p><br /></p><p>1. Yes, listing items so that the auction ends in the evenings is advantageous for the seller because this is when most people are on line surfing the web.</p><p><br /></p><p>2. Disagree. I start all my auctions at 99 cents. This attracts more attention, and more bidding. Many ebay surfers will automatically screen out items that have a starting bid over $5, $10, $20 etc, or they'll screen out listings with no bids. By setting an artificially high opening bid, you are preventing yourself from getting the cheapskates to bid, ie those that will only bid with a start of .99 $. This setting of the initial bid at a low amount is the key to enticing potential buyers to bid on your item early, generating more interest, and garnering you more profits in the long run. I've found this technique to work particularly well for bullion coins, because I know they will normally sell for close to melt anyways. You want to start a bidding war on your items, more bidders will help you achieve this.</p><p><br /></p><p>3. Ship for free. Agree to a certain extent. Again, you'll attract more business if you offer free shipping. I usually charge enough shipping so that it absorbs some of the cost. Typically I'll charge under $2.00. Most buyers don't seem too upset about that, most of the coins I've sold on eBay are in the $20-40 dollar range so they're only paying a small percentage of the total price in shipping. My DSRs haven't suffered as a result.</p><p><br /></p><p>4. There is a fair amount of research out there that shows that the best time to end a listing, if your intent is to generate competition and as a result higher sales prices, is Sunday evenings between 7-11 pm EST. Again, most people are on line, relaxing while surfing the web getting ready to start their week, they may even have Sunday night football on in the background. People tend to be willing to shop/buy online during this time frame. Completely agree with the seven day listing, the longer the listing, the better. The best evenings other than Sunday are Tuesday, Wed, Thursday.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1269977, member: 25357"]I would agree with you on some of your points. Here's my take: 1. Yes, listing items so that the auction ends in the evenings is advantageous for the seller because this is when most people are on line surfing the web. 2. Disagree. I start all my auctions at 99 cents. This attracts more attention, and more bidding. Many ebay surfers will automatically screen out items that have a starting bid over $5, $10, $20 etc, or they'll screen out listings with no bids. By setting an artificially high opening bid, you are preventing yourself from getting the cheapskates to bid, ie those that will only bid with a start of .99 $. This setting of the initial bid at a low amount is the key to enticing potential buyers to bid on your item early, generating more interest, and garnering you more profits in the long run. I've found this technique to work particularly well for bullion coins, because I know they will normally sell for close to melt anyways. You want to start a bidding war on your items, more bidders will help you achieve this. 3. Ship for free. Agree to a certain extent. Again, you'll attract more business if you offer free shipping. I usually charge enough shipping so that it absorbs some of the cost. Typically I'll charge under $2.00. Most buyers don't seem too upset about that, most of the coins I've sold on eBay are in the $20-40 dollar range so they're only paying a small percentage of the total price in shipping. My DSRs haven't suffered as a result. 4. There is a fair amount of research out there that shows that the best time to end a listing, if your intent is to generate competition and as a result higher sales prices, is Sunday evenings between 7-11 pm EST. Again, most people are on line, relaxing while surfing the web getting ready to start their week, they may even have Sunday night football on in the background. People tend to be willing to shop/buy online during this time frame. Completely agree with the seven day listing, the longer the listing, the better. The best evenings other than Sunday are Tuesday, Wed, Thursday.[/QUOTE]
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