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Auctions vs. Buy It Now
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mysmartmouth
Contributor


Joined: 15 Jun 2007
Posts: 5

PostPosted: Fri Jun 15, 2007 11:18 pm    Post subject: Auctions vs. Buy It Now Reply with quote

Which one do you use most? Why?
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PostPosted: Fri Jun 15, 2007 11:18 pm    Post subject: Recommendation: Auction Selling 101

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thecountryowl
AuctionCUT Moderator


Joined: 14 Mar 2007
Posts: 140

PostPosted: Sat Jun 16, 2007 11:16 am    Post subject: Reply with quote

That all depends on what it is, and how badly I want the item.

If it is something expensive, I'll wait it out. If it is a relatively inexpensive item, I'll go for it. If it is a gift, and is time sensitive, I'll go for it, buy it now.
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Mark
Site Admin


Joined: 02 Aug 2005
Posts: 727

PostPosted: Wed Jun 27, 2007 9:30 pm    Post subject: Reply with quote

I'm normally willing to pay a premium if I need an item in a hurry & if Buy It Now is available. It can work both ways though, I've used Buy It Now and got an item cheaper than similar items have been going for in auction format.
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erokick
Just Registered


Joined: 10 Nov 2007
Posts: 2

PostPosted: Sat Nov 10, 2007 11:47 am    Post subject: Reply with quote

I always go for the buy it now function.
It feels safer, and I like to get things DONE!
Twisted Evil
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AuctionMan
Power Member


Joined: 01 Sep 2005
Posts: 168

PostPosted: Sat Nov 10, 2007 1:32 pm    Post subject: Reply with quote

If related to selling....I utilise both on a similar level.
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stevew8975
Power Member


Joined: 22 Sep 2006
Posts: 189
Location: Staffordshire

PostPosted: Sat Nov 10, 2007 11:57 pm    Post subject: Reply with quote

From looking at how I buy items I have different strategies for listing.

If I am unsure of the value, or it is one of the only few available on eBay I will list on an auction. I will also list a few loss leader featured auctions to gain traffic to other listings.

For impulse buy products I am starting to use BIN, from looking at similar listings of mainstream products, buyers will tend to search for that item specifically and purposefully, and are less likely to want to wait for anything up to 12-14 days for it to end, pay, and arrive with them.

Also look at your product line that you are selling and consider if it is the type of item that will sell at a fixed price that you would be happy to accept. Offering 10 multiple item listings with 5 available on each, would be more cost effective and provide a faster return rate than listing 50 individual listings.
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Konan
Just Registered


Joined: 20 Nov 2007
Posts: 4

PostPosted: Tue Nov 20, 2007 5:15 pm    Post subject: Reply with quote

i use both when im selling. It just depends on what and how fast i want to get rid the the product.
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ErickaJ
Contributor


Joined: 25 Feb 2008
Posts: 13

PostPosted: Mon Feb 25, 2008 9:42 pm    Post subject: Reply with quote

I use the buy it now because I don't like to wait to get the item. I usually offer it as well because I think a lot of people are about immediate gratification.
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amy2004marie
Contributor


Joined: 14 Jul 2008
Posts: 8
Location: Indiana

PostPosted: Mon Jul 14, 2008 2:17 pm    Post subject: Reply with quote

I seem to sell more items when I auction items vs buy it now.
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