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Hi Guys!
I wanted to drop a line on the pencils:
https://www.ebay.com/itm/222944105570
A box of pencils that sold for $141. So the question I ask to any “auction haters” is how on Earth would you have priced this properly at a $150+ BIN?
J&R, I was sorry to hear that none of your D&D books sold at auction, but that is not something to be upset about if you are following my suggestions. Here’s why:
1. You should not have spent “extra” time on research. The whole point is that you spend the same amount of time researching as you would researching a BIN price. Then you use that price for an auction.
2. It was not a waste of a week. As long as you follow rule 1 above, the price you set would have sat unsold for a week whether it was BIN or auction. Now you roll them into BIN using the bulk relister–here is the only time sink that you can claim. You will have to relist manually one time, which really should not take you more than a few minutes.
3. You have now received a round of feedback on your items. No one bid? That’s the same as not selling for a week at that BIN. No one bid and 3 messages that your price is too high? Maybe drop it a bit… And best of all, you know that you didn’t seriously underprice something, like would have happened had I put up a box of pencils for $50 or $100.
#dontauctionhate
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I love how I have asked for some research to dispute any one of numerous examples over several weeks, and when you finally weigh in it is not with a single bit of research or proof, but just a flat statement. And then you flip it to try and question my research.
Over it. Auctions suck and it is a mistake to use them.
Thanks for the podcast guys!
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I guess the frustration is that when we share that auctions don’t work for us, someone will say “I did this auction once that worked so auctions work.“
For our desired simple life, we like to have procedures that streamline the process. We like to do research on our items, price high, and take best offers. List it and forget it. Maybe every so often an auction would have netted us more, but we have the streamlined listing that we enjoy.
Research is fun for us so we’re not looking for a method to remove that from our process. Research is continuing education that helps on future scavenging.
We’ve sold individual pencils for $30+. So our method would have taken that big lot of pencils and split them up into smaller lots to list BIN. This example shows that you can sell on eBay in different ways and always make money whatever way you do it. Auctions or BIN.
I’m glad you like auctions and have a listing process that you enjoy. Congrats on the $140 pencil sale! Imagine telling a normal person on the street that a box of pencils sold for that much. Keep sharing your successes. We may not follow your methods, but we’re always excited to hear when things work. (We also like yo hear why something doesnt work.)
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Auction Kenny,
I just want you to know that I for one really appreciate the detailed examples and reasoning and followup you have provided for the use of auctions in certain situations. It made a lot of sense to me and I hadn’t thought of auctions in that way before.
Sonia
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I don’t need to do research to know that the fact there was so much action on this lot that there are some seriously valuable individual items scattered through that lot. Follow the buyer of your lot. You’ll likely see some of those pencils hit ebay soon.
Anyways, old pencils are definitely a BOLO for me now that I saw this thread. Thanks!
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What a great impassioned discussion from such impassioned sellers. The best part of such a discussion is the opportunity provided to all of us to ask ourselves the questions – Who are we as sellers? what is our preferred style of selling? What works for us? What are the pros and cons of the different ways to sell and how do they effect how we as sellers choose to sell? For some, selling individual pieces works while for others putting the same items into a lot works. For some BIN works while for other Auctions work and for others a mix works.
I have tried both BIN and Auction. I have had both not lead to a sale.
For me as a seller, auctions can be a little frustrating because of the work and hope involved. I have had BIN items with multiple views and watchers which I switched to Auction (and even lowered the beginning price a little) thinking it would be a definite sale and that I might even get more than I priced the item for only to have the item end without a sale. As we know, once an item ends, it has to be found in our ended item list and then relisted. This takes time and work. Of course, the upside of auctions is they exist for a brief period of time and (based on the item) can bring a high return.
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