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Ok I did a very small experiment on this email that I’m sure everyone is getting. Here are the details. I have been getting these emails for a few weeks and have done nothing. Last night I got another had 4 items. All one off vintage items, all have been in store 6 months or so, 2 60ish dollar items, 2 30ish dollar items. I marked 2 down 5 to 6 percent and left 2 alone. One cheaper item one more expensive item. I did all this last night. As of now none of the four have sold. I did however get super lowball (15-20% of original price) offers on both items I marked down within an hr of changing them. But no sales as of now. Since I don’t know who had them in their cart I can’t say if it was the same people or a watcher or what. I just feel this program won’t lead to much except a race to the bottom if everyone does it. I figure most of those items in carts are first time users that dont know how to use ebay amd probably wouldnt be able to understand the message ebay sends them about how the item was now marked down. This is just my opinion.
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The thing about these emails as it relates to us. We run 2 and three day Sales of 15% or 20% off our whole store [all 930++] items 2 or 3 times a month. We do see activity during our Sales. But I would guess that this meets this criteria Ebay is asking for. Any items in people’s carts, we would guess, is getting an Email about their cart items being on a 15% to 20% Sale every week or so.
Amazing Taste does the same for her store items. She is always running Sales, constantly. We give ours a few days break in between. Having short Sales shows the ending time and if a “Looker” wants to buy, they see they need to hurry up or the Sale ends. Having them several times a month gets a flurry of Sales happening during those times. We usually run from Thurs. morning until Sunday mid-night. That is when most people have time to browse, especially during the lighter day light summer hours when they are outside with kids or their yards, etc.
mike at MDC Galleries and Fine Art in Atlanta
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In our opinion 15%-20% Off is not much of a Low Ball. 50% or lower is what we call Low Balling. We always have 30% or more built in to Offset our 15% Off monthly Sales and leave room for an extra 10%-15% Offers. After 30% off we still are at or above what our regular selling price would be. On top of this if we offer free shipping, which we are doing more and more these days, we also throw another $18 on top of that. Just as Jay says”, there “ain’t no FREE Shipping” and he is right. We build 30% more into our top prices,plus shipping of 5 lbs. to zone 8 and list. Now we can have a 15-20% Off Sale every 5 to 7 days and also take offers at another 15% below our Sales price and we end up still at what we would have sold these for anyway.
All it does is give the buyer the “PERCEPTION” of a Big Discount / Big DEAL or WINNING the battle [which doesn’t even exist in the first place]. We convert about 75% of our offers into final Sales using this tactic.Just our opinion also.
MIke at MDC Galleries and Fine Art in Atlanta
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No problem, I was just curious.
The first message I received, I reduced prices, and nothing sold. So, I increased the prices back up. One item sold a few days later.
The second message, I did the same, and four things sold. I brought the prices back up about a week later.
I just received the third message, and reduced prices last night. One item did sell through the GSP, but the buyer hasn’t paid yet.
So, it seems to be working. Many of the items that have sold are low priced to begin with. I guess I’m glad to get rid of them. I did not change the price on some of the really low priced items.
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