Ebay

[Backtocollectin]

One thing I learned really quick when selling on eBay, don’t start your auctions at .99 cents!! Most of you know this by now. Meant for the newer people collecting

[Bronconation24]

One thing I learned really quick when selling on eBay, don’t start your auctions at .99 cents!! Most of you know this by now. Meant for the newer people collecting

What should we start them at

[Tc123]

Huh??

[TrafficEngineer]

I start my auctions at the minimum price that I will accept for the item.

[ThoseBackPages]

always start them at one penny

[Backtocollectin]

I start my auctions at the minimum price that I will accept for the item.

Exactly!

[packerfan4200]

I start my auctions at the minimum price that I will accept for the item.

What happens a lot of the time is that’s what you get though.

[prospectorgems]

I agree. Starting at .99 may net you a loss after fees or a very small profit. When I go straight auction on lower end stuff that I know probably won't receive too many bids, I always start it out at 1.99.

[BreaultCards]

.99 cents is fine if you use good keywords and the item has a good demand. If it’s something not sought after then I wouldn’t. It also gets a lot of watchers in my experience.

[bmf]

horrible advice. Start at a dollar and let it ride. If you write good titles and descriptions and post good photos, you’ll be fine. Unless of course you overpaid to begin with.

[Onepocketj]

I assume op is referring to very low dollar items. Otherwise I think it's bad advice.

[Harper]

Good advice for specific items. Rare items of non superstar players Of older cards is a good example.

[thenightman]

If you start an auction at 99 cents with free shipping you better be prepared for the possibility that you’re going to lose money.

[Ober12]

expanding on this topic, I'm assuming people normally only list big items as auctions? I personally always list it a BIN OBO since I feel I'm pretty risk-averse, even if I had a really hot item I'd be pretty worried about putting it to bid (especially as a 0.99 auction).

That being said, what type of cards do you guys normally list as auctions instead of BIN OBO? Do you guys list all auctions starting at 0.99 or just the ones you feel would get tons of views?

[JoeAdam]

They've literally written books on the psychology of starting an auction at $0.99. You create the "it's mine" effect. The more people you have bidding on an item the more likely you are to develop a bidding war because people don't want other people taking what's "theirs".

Make sure you have good pictures and try to end it around 8:30 in the time zone of the local team. Always do 7 days or longer for higher end items.

[hxcmilkshake]

expanding on this topic, I'm assuming people normally only list big items as auctions? I personally always list it a BIN OBO since I feel I'm pretty risk-averse, even if I had a really hot item I'd be pretty worried about putting it to bid (especially as a 0.99 auction).

That being said, what type of cards do you guys normally list as auctions instead of BIN OBO? Do you guys list all auctions starting at 0.99 or just the ones you feel would get tons of views?I list only my items I just want to get rid of. Things I have multiples of or don't care about. Then I list with some wiggle room.

Side note I've had some luck recently with promoting my listings. Never thought that would work.

Sent from my SM-N960U using Tapatalk

[RogerGodahell]

I've always started my auctions at .99 cents. Otherwise I will just list them for fixed price with best offer. Never had any issues starting them low. Get's more eyes on it imo, more people add it to their watch list. In the end they'll sell for whatever someone is willing to pay regardless of what price you started them at.

[craigmacg]

95% of the time I list with free shipping. That's for higher end down to pwe sales. Then depending on the thickness of the card for pwe sales I'll either start the auction at .99 ( standard cards that I can send with a stamp) or 1.25(thicker cards or a couple standard cards that will need non machinable stamps). Lots start at 5 or 6 dollars and sent bubble mailer. If it is a bigger card, I have no problem starting the auction at .99 and most of the time for 5 days. Never had an issue not getting high enough bids on them, and if I only make 50 cents on a low end card I'm ok with that. This is a hobby to me and am not looking to make millions doing it. It also helps that I have some free time at work to list low end stuff. I'd say look at my examples on Ebay, but then it would look like I'm promoting them here.

[mjones6]

Let's say I want 40.00 for a card (meaning others are going 38 to 45 BIN or auction).

THE FIRST TIME: Start auction at 35.00 and shipping. Allow Best Offers, but only going to take one above 40. This is in case card is hot and going up. 5 or 7 day auction

THE SECOND ROUND List card BIN 40 and allow Best Offers. I do spend a lot of time playing offers against each other but rarely let one expire without a darn close back up plan. The more time listed, the more likely that BIN gets hit. Ebay automatically relists a few times.

THIRD ROUND Slightly lower BIN and FREE shipping. Take offers and let it ride. Usually works out by now.

FOURTH 9.99 auction and let it ride

[BreaultCards]

I've always started my auctions at .99 cents. Otherwise I will just list them for fixed price with best offer. Never had any issues starting them low. Get's more eyes on it imo, more people add it to their watch list. In the end they'll sell for whatever someone is willing to pay regardless of what price you started them at.

This is the best advice but I will just add always exceptions if you end at a bad time, or just rarity that it goes above or below market price. One card I’ve sold a lot of have ended at $9.50 and then $19.50 and everywhere in between within the same week. So it depends but overall I like auctions like that.

[Backtocollectin]

horrible advice. Start at a dollar and let it ride. If you write good titles and descriptions and post good photos, you’ll be fine. Unless of course you overpaid to begin with.

Example today, had a lot of cards for 30 BIN, got offered 20 took the deal. Same lot of cards with an extra rookie card sold for 10 dollars in auction, that more than likely started at .99 cents. But yeah horrible advice :)

[Spacemanspif]

Well yeah you'd expect a BIN w/offers to go higher... but the appeal of $.99 auctions is they guarantee the item will be sold; the low starting bid is to get you the most eyeballs.

[bmf]

Example today, had a lot of cards for 30 BIN, got offered 20 took the deal. Same lot of cards with an extra rookie card sold for 10 dollars in auction, that more than likely started at .99 cents. But yeah horrible advice :)

Fallacy of inductive reasoning

[luke1014]

As a buyer and not a seller, I pretty much ignore those auctions that start high and have an even higher BIN. I don't care for the auction/BIN combo. Also, the best offer option seems mixed. Because you could be selling a card for $50 and I'm willing to pay $50 but I'm definitely hitting best offer first. I used to sell DVDs a lot never did auctions and eventually stopped best offers.

[sethc1020]

An auction is an auction, you never know what something will end for no matter what you list it at. If you list with a high or even reasonable starting bid and no one is bidding its going to scare other people from bidding as well. I've done it myself, thinking if no one else is bidding then I probably shouldn't be bidding at that price either. Then if it doesn't sell good luck getting anywhere close to that # if you re-list it. If you have a certain # you don't want to sell below you are better off listing it as a BIN with best offer. If you really want to sell then list it at .99 and let it ride. This way you are going to get more people to look and watch your auction and if you get 2-3 people that want it you can watch them go at it. Every auction is different and it all depends on the card you are listing.

Looks like you only have 67 feedback from selling on Ebay, you still have a lot to learn my friend.

[mjones6]

The only thing an auction guarantees is when it ends
Price, and even whether it is paid for, are not guarantees.

[DajuanWagner]

always start them at one penny




That one made me laugh, Eric. Gold Jerry, pure gold!!!!!!

[RandyC]

I start my auctions at the minimum price that I will accept for the item.

Nope, this is a bad idea. Always start at the minimum amount possible.