eBay Pricing

 

It seems to me that I am seeing many more items listed on eBay with a starting price at a level above what the item normally would sell for. Myself I refuse to buy any item listed in this manner even if it is a real need. The seller might as well go back to sending out his old lists. I know the market is soft but what good is it to pay listing fees for items which do not sell.

 

BigJim

 

 

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If the item is a fixed priced listing I think I have an answer for you. As of this week eBay is allowing sellers to run a fixed priced listing for an entire month for only 35 cents. These new listings appear on the same searches as auctions so they are very visible unlike store items which are kind of buried down in the bottom of the page. So there is a lot of financial incentive for sellers to take a 35 cent gamble on a patch priced at what they want to sell it for rather than run a one week auction and let the buyers decide what the bidding will go for.

You might also see new fixed priced listings where there are multiple quantities available. So I could run a patch that I have five of for the one month listing at a cost of only 35 cents total. Each time someone buys one of the available ones the inventory in the listing gets deducted until the 30 days is up or all the items sale.

It will be interesting to watch how sellers adapt their strategies.

By jason on September 17th, 2008 at 3:57 pm


Starting September 16, you can list in Fixed Price for a full 30 days for just a 35? Insertion Fee-regardless of the item price or number of items in your listing. This is the perfect opportunity to list more inventory in Fixed Price at a low upfront cost. Combine multiple similar items into a single 35? listing. Move your best Stores inventory to full exposure on eBay.
Sell more and stay on top–list for 30 days
At the same time we lowered upfront fees, we optimized Best Match to consider a listing’s recent sales instead of time left as a key factor in search results. That means the more your multi-quantity Fixed Price listing sells, the better position it can get. Tips to build your “recent sales” advantage:
List in multi-quantity Fixed Price listings with the new 30–day duration–included in the new
low fee–to build up your recent sales score.

For maximum efficiency, use the new “Good ‘Til Cancelled” option, also included in the new
low fee. Your listing will automatically renew for the same low fee every 30 days.
The listing’s recent sales will be carried over.

If your listing sells out or expires, don’t create a new listing–just add inventory and “relist.”
The listing’s recent sales will be carried over.

By jason on September 17th, 2008 at 7:24 pm

Man! The fixed auctions have a 12% valuation fee up to $50. Wow!

By Cut Edge Critter on September 18th, 2008 at 12:20 am

Too bad everyone doesn’t “know” what Big Jim knows and can list their items at the exact price that they will sell at. Jim, you should put on seminars for Ebay listing strategies!

When there is only one bidder for an item, what would you choose as the starting bid?

Do you think all those “high” listings are in vain and listers know they are wasting their fees on purpose?

The market is so spotty it is a crap shoot at any price. Except if you have the one thing everyone would kill for. I recently listed an item that sold for $18 that twice earlier had no takers at $12.

I have recently seen the exact same Handbook sell for around $15.00 on Monday and another for around $15.00 on Friday and in between one go unsold at $.99 on Wednesday. Now, Jim, what is the suggested opening listing price?

If there were plenty of buyers there would be a bit more stability.

I have recently and frequently seen bids where the second bidder goes one increment more than the opening bidder and gets the item.

I think listing prices are a whole complex subject that could be discussed for a long time. I am still learning at it and will continue to do so probably forever since the market is not static and there will always be changes.

I hope this thread continues and more people weigh in on this.

Thanks for your time!!

By Zorro777 on September 25th, 2008 at 1:05 am

some of that i think is sellers with no real clue to what they’re selling…

like this guy with his eagle badge– didn’t even bother to google to see what he had (or he would have found the excellent guide to eagle badges)… but he went by the patent date on the box, and thought he must have had something… may have see some D&C eagles from the period go high… scroll down the page, and you’ll see that someone tried to gently hint to him to reduce his reserve, based on what he actually had (and the fact that at the time, it had already reached a $77 bid– pretty close to max for that not-so-good shape badge of that Type.)
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=280267974122

or $30 for a recent vintage tenderfoot pin
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=7776394472&ssPageName=MERCOSI_VI_ROSI_PR4_PCN_BIX&refitem=280267974122&itemcount=4&refwidgetloc=closed_view_item&refwidgettype=osi_widget&_trksid=p284.m185&_trkparms=algo%3DSI%26its%3DI%26itu%3DUCI%26otn%3D4%26ps%3D42
people see that 1911 patent date and go wild…

of course that works in reverse when you have some bidders who don’t realize what they’re looking at either… for instance copies of the McKenzie statue, ‘The Perfect Scout’….. the originals of that were 18″ plaster made for the Philadelphia council around 1917– these, while nice, are a bit lacking in detail and they were soon discontinued … around 1935 McKenzie was asked to produce a life-sized version which most of you have probably seen a copy of.. and he reworked the entire statue…. and they resumed smaller versions also, producing an excellent 11″ size

these were produced, from what i can tell, from about 1935-194?…. and that was probably the last time they cleaned the mold… because the post-war versions through today’s look like melted wax when compared to the earlier version..

but, finallly getting to the point, that older statue sold for $87– probably not a bad price… and a few days earlier one sold for around $50… but i managed to get one a few days before that for $18– and i’m convinced it was only because most people saw the headline, said to themselves “just another mckenzie” and moved on since the current versions seem to go for about $15-$20…. btw… one of the 18″ originals sold about this same time for around $125….

By hiker on September 25th, 2008 at 2:58 am

Speaking of all the changes and pricing I’ve seen where TSPA has just dumped a bunch of high priced stuff out of their eBay store (where it gets little visibility) to the new 30-day fixed priced listings. The advantage to that as I explained earlier is that it turns up in your searches just like any auction would. What do they have to lose? The cost for a 30 day fixed priced listing is only 35 cents (regardless of the starting price) and they are going to pay the same final value fee (12%) as they would if it sold in their store.

On a somewhat related idea I’ve been listening to a lot of eBay podcasts and it seems that your discussion of selling prices for auctions is pretty typical of all markets. Based on what day you list it and which way the wind blows there are wide disparities in what things sell for. However, I tend to think that since we sell in a niche collectible category that there should be more consistency. If someone is looking for older flaps from say Nawakwa Lodge 3 its not like there’s gonna be a whole bunch of them up there at any one time. So it goes back to what was already said in this thread that there just aren’t enough buyers in our category for prices to be consistent. Maybe with 10,000+ items there justs too much stuff out there compared to the number of real bidders for there to be a consistent market. Personally, I almost never buy anything on eBay. I just don’t have the time to really keep up on it. I have some built in searches but I’m just looking for needs (which aren’t many on my core collections) and I almost never buy stuff with the idea of “flipping” it back for sale at a higher price.

Great topic guys!

By jason on September 25th, 2008 at 6:45 pm

To answer Zorro777’s question. I have been closly watching the items on eBay I collect for the last seven years. I have watched certain patches rise in value and some patches fall in value. I can also tell you that patches sell better at certain times of the year and not so well at other. I have seen a $50 eagle patch sell for $200 and the next day an identical patch sell for $45. Yes a bidding war between two bidders with no sence of the worth of a patch can create a happy seller. And yes certain key patches will always increase in value. On the other hand many patches selling for $25 ten years ago are now selling for $10 due to an increased supply. Many dealers are crying because the can no longer sell patches at the same price as thy used to because of an increased supply. I also attend 6 to 7 Trade-O-Rees a year.

A knowlegeable seller should watch the market place and discover the mean selling price and start the bidding lower in hope or starting a bidding war. He should also know the prime time for selling as well as buying. If there is no demand for the item being sold then there will be no buyer. I have passed up patches I thought were good deals because I didn’t need another dupe. As for the one bidder question how does he know there will be only one bidder for his patch. If the price is to high there will probably be NO bidders.

The patches I refered to above were fairly common patches which have been sold on eBay many times at auction for a much lower price. I know the seller is aware of price these patches comonly sell for.

I think selling and buying on eBay is common sense not rocket science.

BigJim

By BigJim on September 26th, 2008 at 1:37 am

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