Ebay Buy it now or best offer or standard auction.

[Joe71]

Can someone give me direction on which way makes the best sense in selling mid range value singles and small lots?

[iluvfish2]

I always use BIN/BO over an auction. This way you tend to get a fair price (unless you want to do some type of auction with a set min bid...I'd avoid setting reserves)

[jlzinck]

Do a little research on the past selling prices.

Auction Final Value fees run 8.75% up to $25 and then 3.50% $25-$1000
UNLESS you use the free 5/month then it is 8.75 of the total to a limit.

BIN (Fix Price FVFees) are 12% up to 50 and then 6% for $50-$1000

So if you assume everything is equal and you sell 10 $10 lots via auction you pay $8.75 in final value fees and $12 in FVF if fixed price. You're fees are 50%higher in the fixed price fees.

[papajim]

SORRY late posting, same info as above.
I also use BIN/BO more often now.
Just concider what you want, if you are in a hurry to sell or if you don't mind holding on to the item.

Auctions fees: 7 days
.99 - 0.15 1.00-9.99- 0.35 10.00 - 24.99- 0.55
8.75% 1st 25.00 then 3.50% remainder over 25.01

Bin/Bo 30 days
0.35 no matter what price
12% 1st 50.00 then 6% remainder over 50.01

Bin/Bo: 30 days and I only accept what I want.

Just keep in mind if someone makes an offer you do not like and then you decide to revise you auction, you are restricted as to what you can change.

[Joe71]

Thanks for the help. I have been selling on ebay since 05 and never tried the BIN/BO. The next group of things I am going to try it.

[WoundedDuck]

Ebay really takes sellers to the cleaners on BIN/BO, plus paypal takes it bite out of you on the back end.

If you think your item is something that is relatively hot, then I would do auction. You will save money on fees and you can sometimes get more than you anticipated if some people get into a bidding war.

I like BIN/BO as a concept; I just find myself paying Ebay a lot of money for it since I sell stuff in the $50-100 range quite often. This has led me to gravitate more towards the auctions.