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Pschology of a Ebay buyer
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<p>[QUOTE="RaceBannon, post: 1217297, member: 25357"]I think a lot of eBay buyers won't even look at Buy It Now items because they falsely assume that the item must be over-priced. I see it all the time. </p><p><br /></p><p>I'll bid on an coin in a pure auction, get outbid when I hit my max, then I turn around and buy the same coin in the same condition on a buy it now, and actually pay less than the coin I was just bidding on just sold for.</p><p><br /></p><p><br /></p><p>I think the herd mentality, and ego have a lot to do with this phenomenon. Some people become psychologically attached to the item they are bidding on, as more bidders join the auction, they will increase their bid amount, and some have an ego that says "I'm not going to let anyone outbid me."</p><p><br /></p><p>Some BIN items are obviously over-priced, but you can find a lot that are right in the grey-sheet bid range or even lower if you look hard enough. Some dealers may be clearing out inventory. If you do your home-work, it's been my experience that you can find great deals on BIN items. I also really like BIN with the best offer option, that's on line haggling, pure and simple.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1217297, member: 25357"]I think a lot of eBay buyers won't even look at Buy It Now items because they falsely assume that the item must be over-priced. I see it all the time. I'll bid on an coin in a pure auction, get outbid when I hit my max, then I turn around and buy the same coin in the same condition on a buy it now, and actually pay less than the coin I was just bidding on just sold for. I think the herd mentality, and ego have a lot to do with this phenomenon. Some people become psychologically attached to the item they are bidding on, as more bidders join the auction, they will increase their bid amount, and some have an ego that says "I'm not going to let anyone outbid me." Some BIN items are obviously over-priced, but you can find a lot that are right in the grey-sheet bid range or even lower if you look hard enough. Some dealers may be clearing out inventory. If you do your home-work, it's been my experience that you can find great deals on BIN items. I also really like BIN with the best offer option, that's on line haggling, pure and simple.[/QUOTE]
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