ilovemygirls

Sunday, November 29, 2009

The psychology of ebay!

Boy - I sure wish I could figure it out. When someone does they will have a blockbuster book. There is really no figuring it out - although I'm sure someone can. It would have to be a real statistics person - is there a word for that? Statistician? Sounds right! You would have to compile everything - the time of the very most winners - starting very low and hoping to go high? Starting high and hoping to go higher? Offering a BUY IT NOW - going for a multiple day auction - giving buyers an option to MAKE AN OFFER! Putting all of that information together and coming up with the right time to list and the right way to offer it. That answer will be worth a lot! - well, it would be to me!

Terapeak offers a service that allows you to research an item - gives you all kinds of information - # of bids, starting prices, ending prices, times of listings, etc. etc. - yes, it helps - but of course it is another venue of support for ebay - well, I don't know if they own that too - but they probably do. So clever - they're the real winners here - they charge for EVERYTHING! So anyway - that does offer some help - I use it but I think that perhaps my own gut is the best - what do I think?

Of course watching other people's listings and how they do it - that helps too. I've learned a lot from others and hope that there are people out there who also learn from me.
I've been offering more things up at a BIN price with the bidder having the option to MAKE AN OFFER. Here ebay lets you put in an amount that is the LOWEST that you would accept and the HIGHEST to accept an immediate bid. I'm thinking now that this is the best way to offer things up, both for me and the bidder. I think that people want to win the item right away - that old "instant gratification" thing - we want it NOW!

On the other hand..............I have a Bottega bag up that I put up at $200 for a 7 day auction - last count it was up to $555 with 6 hours to go - so that is good!

You figure it out - I can't! What is the very best way to list something on ebay? When I figure that out I will make a real buck! That will be worth money. Ebay is an amazing market place - I think it's great.

1 Comments:

Blogger Clownshoes said...

I totally agree, i have EXACTLY the same predicament, sometimes i see auctions go for than 5 times the amount i have a similar item at a BUY NOW at! Other times auctions hardly get bid on. SOOOOO random. But like you, i LOVE it!

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