| Forum Home | ||||
| PC World Chat | ||||
| Thread ID: 83714 | 2007-10-10 11:50:00 | $1 reserves on Trade Me | george12 (7) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 600246 | 2007-10-10 11:50:00 | Hey Does anyone regularly use $1 reserve as a Trade Me selling tactic? I have some questions to ask before I try some experiments, as a bad $1 reserve auction on an expensive computer can be rather costly. What are the results to be expected if I throw say, five identical computers (worth roughly $170 each) on $1 reserve to get rid of them quickly? Will the people go from auction to auction and bid them all up, or will it reduce competition between bidders, and thus reduce prices? What about 10-15 of them? Would setting them to finish on consecutive days help? Does anyone have enough experience to tell me whether making some highly popular $1 reserve auctions, even if they sell at cost price, is a good idea to attract customers? I normally find about 60 watchers on $1 second hand computer auctions, compared to around 20 if I use a buy now price instead. If I auctioned one flash new PC with no reserve (for a bit of attention, hopefully resulting in some extra sales via Q&A) does anybody know what the result might be? |
george12 (7) | ||
| 600247 | 2007-10-10 16:31:00 | I gave it a try once, on a pair of skis. Guess how much I got? :( | Greg (193) | ||
| 600248 | 2007-10-10 18:51:00 | It is a risky tactic but it may work. Or it may not. Why not do some research? Sort the category by hot auctions and watch the results. Expired listings sorted the same way may help too. |
Mercury (1316) | ||
| 600249 | 2007-10-10 18:54:00 | Yup, search expired listings. But be prepared for neg feedback if you won't sell it for $1 :P |
--Wolf-- (128) | ||
| 600250 | 2007-10-10 19:01:00 | Just remember that it is always a big gamble. I have seen a lot of $1 auctions sell for above retail, and a couple of others which have failed miserable (i.e. selling for about 40% of retail price). If you have enough of a profit margin on your machines, then give it a go. Worst come to worst, you will have to recoup the losses from your other sales. |
somebody (208) | ||
| 600251 | 2007-10-10 19:11:00 | We've sold a lot of stuff on Trade Me in last year. Some things that I thought would sell well didn't. Others surprised me with the price they reached. A couple of things I stuffed up by putting a too low Buy Now price on - and they went immediately. Do the research and, if you think it will work, try one as an experiment. |
Mercury (1316) | ||
| 600252 | 2007-10-10 19:15:00 | I've sold stuff for $1 reserve. I've not gotten as much as I expected. But it's enough to make it worth while. | bob_doe_nz (92) | ||
| 600253 | 2007-10-10 20:33:00 | No I don't. Nor do I bid on them either. It annoys me - you know they won't sell it for a low price. |
pctek (84) | ||
| 600254 | 2007-10-10 20:43:00 | Don't list multiple identical computers on $1 each. This gives potential buyers too many opportunities and if one or two PC gets too expensive for them, they'll just lose one or two auction and look at the third, fourth or fifth one, thereby eliminating the 'bid war' on the first and second PC. Get what I mean? Kinda hard to explain through this.... |
qazwsxokmijn (102) | ||
| 600255 | 2007-10-10 20:55:00 | A while back I was looking for something like a flash drive. One trader had several listed ending half an hour apart. All of them start=reserve. Bid on one and someone out bid me. So I moved to the next and bought it at the reserve price. I'm currently selling a spare laser cartridge for a printer that died in a thunderstorm. Each week I get around 6 to 10 views. (Been up there on and off for the last month). It is listed for half the price I paid for it so is a real bargain for someone. If I listed it at $1 it would sell for that. It will sell - sometime. Currently on a fixed price offer to 2 watchers but I'll probably be relisting it tonight. |
Mercury (1316) | ||
| 1 2 3 4 | |||||