jwhitcomb3 Posted May 2, 2006 Posted May 2, 2006 I'm shipping out two USA Hamers in the morning, and I've put four more guitars up on ebay:1993 Diablo with Rio GrandesG&L LegacyDanelectro Purple Sparkle 12 string1989 Fender American Standard Telecasterand one synthKorg NS5R Half rack synth moduleThe boy gone crazy!-Jonathan
BadJaxx Posted May 2, 2006 Posted May 2, 2006 LOL....i was shopping for a Tele when i came across the GoldTop listing.... i'd have bid on the Tele even though i don't care for the color... that G&L is nice too... i guess the GoldTop went too easily and quickly so ya wanna watch 'em fight over the others???
jwhitcomb3 Posted May 2, 2006 Author Posted May 2, 2006 LOL....i was shopping for a Tele when i came across the GoldTop listing....i'd have bid on the Tele even though i don't care for the color... that G&L is nice too... i guess the GoldTop went too easily and quickly so ya wanna watch 'em fight over the others??? Heh... Actually, I like keeping USA Hamers in the "family", so to speak. I've offered that Diablo here a couple of times with no takers, so off to the bay with it. As you can see, I put up auctions with very low initial prices and no reserves...I believe in the free market! -Jonathan
cmatthes Posted May 2, 2006 Posted May 2, 2006 I agree - on items I've put a reserve close to what I'd like to get (always a bit less), the interest level is dramatically different from when I've done no reserve/low opener auctions. Somehow, the collective deal mentality kicks in or something, because on every single one of those, I've gotten more than my highest expectations for things and then some. I guess that can always backfire, but I've made enough that I can sustain a hit or two on something and still do better than breaking even overall.
jwhitcomb3 Posted May 2, 2006 Author Posted May 2, 2006 I think it's just basic marketing: if more people read your ad, more people will bid. A low initial price and no reserve will get more people to spend time reading your ad and then thinking they might like your item. Once they decide they want it, they will be more flexible on what they want to pay.So the same guy who takes a glance at a headline "Deluxe Grommit $500" will just pass it by, but if he sees an auction for one for $200 with no reserve he might read your description, decide he needs a Deluxe Grommit and then bid up to and over $500 to get it.I think this method falls apart on niche items: really specialized items have their own market and own worth, and if a niche buyer doesn't happen along during your auction you might sell it for too little to a casual bidder who's just looking for a bargain. All that aside, I'm just too insecure to set a price: I either worry about asking too much for it, or setting a fixed price too low and then second guessing myself afterwards that I might have gotten more for it. This way when all's said and done I can convince myself I got a reasonable amount for it and I didn't rip anybody off.-Jonathan
BadJaxx Posted May 2, 2006 Posted May 2, 2006 i set mine up with a starting bid of the lowest amount i will accept for the item...no reserve ever....and frequently a BIN....each method has it's good and bad points....although i never saw the use of a Reserve...just use the starting bid....472 bids mean nothing if the reserve hasn't been met and you get lots of bids from people who aren't serious...and some like me just pass by reserve listings...
Brewmaster Posted May 8, 2006 Posted May 8, 2006 Damn! I love my Legacy and can't see myself giving it up. You must have something BIG on your mind.
LordOfTheThighs Posted May 8, 2006 Posted May 8, 2006 I really like that pimped Dano. Purple sparkle ... Oh Yeah Baby!
jwhitcomb3 Posted May 8, 2006 Author Posted May 8, 2006 Damn! I love my Legacy and can't see myself giving it up. You must have something BIG on your mind. Even bigger than that! Major changes in the wind...stay tuned! -Jonathan
mathman Posted May 8, 2006 Posted May 8, 2006 I think it's just basic marketing: if more people read your ad, more people will bid. A low initial price and no reserve will get more people to spend time reading your ad and then thinking they might like your item. Once they decide they want it, they will be more flexible on what they want to pay.So the same guy who takes a glance at a headline "Deluxe Grommit $500" will just pass it by, but if he sees an auction for one for $200 with no reserve he might read your description, decide he needs a Deluxe Grommit and then bid up to and over $500 to get it.I think this method falls apart on niche items: really specialized items have their own market and own worth, and if a niche buyer doesn't happen along during your auction you might sell it for too little to a casual bidder who's just looking for a bargain. All that aside, I'm just too insecure to set a price: I either worry about asking too much for it, or setting a fixed price too low and then second guessing myself afterwards that I might have gotten more for it. This way when all's said and done I can convince myself I got a reasonable amount for it and I didn't rip anybody off.-Jonathan Part of it is competition also. Once you start bidding you don't want to lose!
ZR Posted May 8, 2006 Posted May 8, 2006 I do the same thing on ebay - starting at lower than I would like to get with no reserve. It always works out just fine.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.