Comments on: How to Get the Most Money Out of eBay Auctions http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/ Startup and Technology News Thu, 26 Nov 2009 17:07:54 -0800 hourly 1 By: eBay Auctions Ending Soon With No Bids http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1517317 eBay Auctions Ending Soon With No Bids Wed, 25 Jul 2007 08:25:41 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1517317 Good luck on the auction of everyone! I had eBay auction list that are ending very soon with NO bids. You might want to check them. Thank you. http://www.noauctionbids.com Good luck on the auction of everyone! I had eBay auction list that are ending very soon with NO bids. You might want to check them. Thank you.

http://www.noauctionbids.com

]]> By: john lamparter http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1511149 john lamparter Sun, 22 Jul 2007 01:15:40 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1511149 EBAY HAS MANY AUCTIONS THAT HAVE "SHILL BIDDERS" TO PUMP UP THE PRICES. EBAY HAS MANY AUCTIONS THAT HAVE “SHILL BIDDERS” TO PUMP UP THE PRICES.

]]> By: Midwest girl http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1510215 Midwest girl Sat, 21 Jul 2007 05:52:59 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1510215 Yeah, by 8pm I have plowed the fields and fed the chickens. Just in time to "win" an auction on ebay. Yeah, by 8pm I have plowed the fields and fed the chickens. Just in time to “win” an auction on ebay.

]]> By: The Naked SEO Guide from Netpaths » Conquer E-bay With Auctions Ending At 8:00PM http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1510092 The Naked SEO Guide from Netpaths » Conquer E-bay With Auctions Ending At 8:00PM Sat, 21 Jul 2007 03:18:26 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1510092 [...] Researching the psyche of compulsive shoppers gives interesting results. This eBay study is taken from UC Berkeley and also discussed in Tech Crunch. [...] [...] Researching the psyche of compulsive shoppers gives interesting results. This eBay study is taken from UC Berkeley and also discussed in Tech Crunch. [...]

]]> By: eBay, ecommerce, life http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1509251 eBay, ecommerce, life Fri, 20 Jul 2007 16:09:25 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1509251 <strong>Comments on TechCrunch eBay Post...</strong> I came across a post on Techcrunch today about selling on eBay which was based on an article in Christian Science Monitor.  Most of the research which is mentioned is covered in posts on this blog, and so I thought I would link to them to make it ... Comments on TechCrunch eBay Post…

I came across a post on Techcrunch today about selling on eBay which was based on an article in Christian Science Monitor.  Most of the research which is mentioned is covered in posts on this blog, and so I thought I would link to them to make it …

]]> By: Homer J http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1509140 Homer J Fri, 20 Jul 2007 14:59:48 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1509140 This may be obvious, but 8pm makes perfect sence. East coasters are home from work, west coasters are wrapping up for the day. What accounts for the mid-US? When I fly trans-con there seems to be a lot of farms down there....do they wrap up early? This may be obvious, but 8pm makes perfect sence. East coasters are home from work, west coasters are wrapping up for the day. What accounts for the mid-US? When I fly trans-con there seems to be a lot of farms down there….do they wrap up early?

]]> By: Trevor Ginn http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1508569 Trevor Ginn Fri, 20 Jul 2007 08:19:48 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1508569 Some of these studies have been around for a while, and I have reviewed them in my blog: Gillian Ku at London business school did a study which showed that low starting prices had a positive impact on ending prices trevorginn.com/ebay-starting-prices/ More information on the Bidder curse trevorginn.com/the-bidders-curse-overbidding-on-ebay/ Here is a study which shows that the number of bidders increases the buyers valuation of an item trevorginn.com/tips-for-ebay-selling/ A German study has also found that selling in the evening is not always the best strategy as competition if higest trevorginn.com/the-ebay-evening-fallacy-and-the-effect-of-feedback-on-selling-price/ Finally this study shows that eBay is not always the cheapest platform, despite what buyers may think trevorginn.com/ebay-bargain-hunters-paradise-lost/ Some of these studies have been around for a while, and I have reviewed them in my blog:

Gillian Ku at London business school did a study which showed that low starting prices had a positive impact on ending prices

trevorginn.com/ebay-starting-prices/

More information on the Bidder curse

trevorginn.com/the-bidders-curse-overbidding-on-ebay/

Here is a study which shows that the number of bidders increases the buyers valuation of an item

trevorginn.com/tips-for-ebay-selling/

A German study has also found that selling in the evening is not always the best strategy as competition if higest

trevorginn.com/the-ebay-evening-fallacy-and-the-effect-of-feedback-on-selling-price/

Finally this study shows that eBay is not always the cheapest platform, despite what buyers may think

trevorginn.com/ebay-bargain-hunters-paradise-lost/

]]> By: Corey Kossack http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1508060 Corey Kossack Fri, 20 Jul 2007 04:06:17 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1508060 Beyond all the tricks of getting the highest final bid for your eBay auctions, what most eBay sellers fail to realize is they can optimize their listings using software tools to reduce the cost of their eBay fees and maximize profits for their business. After becoming one of eBay's top sellers at selling over $1,000,000, I created software to help my own business, and then others, transforming the way sellers view and operate their eBay business. Best of luck to you all! Corey Kossack Author of "eBay Millionaire or Bust" www.ProfitBuilderSoftware.com Beyond all the tricks of getting the highest final bid for your eBay auctions, what most eBay sellers fail to realize is they can optimize their listings using software tools to reduce the cost of their eBay fees and maximize profits for their business. After becoming one of eBay’s top sellers at selling over $1,000,000, I created software to help my own business, and then others, transforming the way sellers view and operate their eBay business. Best of luck to you all!

Corey Kossack
Author of “eBay Millionaire or Bust”
http://www.Prof...derSoftware.com

]]> By: Chris http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1507346 Chris Thu, 19 Jul 2007 18:40:48 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1507346 jdege - Not sure how accurate it is but WipBox has a tool that figures out the average selling price of items on eBay and Craigslist. jdege – Not sure how accurate it is but WipBox has a tool that figures out the average selling price of items on eBay and Craigslist.

]]> By: jdege http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1507253 jdege Thu, 19 Jul 2007 18:02:57 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1507253 Advice? Do a websearch to see what the usual prices are. Most of what I've been buying on eBay lately have been books. But every book I bid on, I've searched the web's used booksellers, first. It's not at all unusual for a book to be sold on eBay with an opening bid that is far greater than what Amazon's network of used book dealers are asking. Advice?

Do a websearch to see what the usual prices are.

Most of what I’ve been buying on eBay lately have been books. But every book I bid on, I’ve searched the web’s used booksellers, first. It’s not at all unusual for a book to be sold on eBay with an opening bid that is far greater than what Amazon’s network of used book dealers are asking.

]]> By: Kelbuy http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1507067 Kelbuy Thu, 19 Jul 2007 16:29:23 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1507067 Very interesting article, even if it has nothing to do with 2.0 :) Very interesting article, even if it has nothing to do with 2.0 :)

]]> By: MGZ http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1506987 MGZ Thu, 19 Jul 2007 15:48:06 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1506987 I am creating an eBay-killer. Sounds implausible, but the bigger they are, the harder they fall. The first step to killing a giant is to find its Achilles' Heel. Luckily, eBay has one, and many other chinks in its armor. And the best part is, they are setup in a way where even once those are made visible to them by a competitor (like me), they can't fix these, because they're a basic part of eBay. When you find flaws in the foundation of your house, you either have to pray or rebuild from scratch. Now, if only there was a major player that would be looking for an eBay killer. A company that had its own low-cost payment processing abilities. A company that could make it easy for people to find things they're looking to buy. A company that could allow sellers to easily advertise their wares across the internet the moment they go on sale. Oh yes, I'm creating an eBay-killer, and I know just such a company that will buy it when its ready... I am creating an eBay-killer.

Sounds implausible, but the bigger they are, the harder they fall. The first step to killing a giant is to find its Achilles’ Heel. Luckily, eBay has one, and many other chinks in its armor. And the best part is, they are setup in a way where even once those are made visible to them by a competitor (like me), they can’t fix these, because they’re a basic part of eBay. When you find flaws in the foundation of your house, you either have to pray or rebuild from scratch.

Now, if only there was a major player that would be looking for an eBay killer. A company that had its own low-cost payment processing abilities. A company that could make it easy for people to find things they’re looking to buy. A company that could allow sellers to easily advertise their wares across the internet the moment they go on sale.

Oh yes, I’m creating an eBay-killer, and I know just such a company that will buy it when its ready…

]]> By: etailology.com | Ebayers Paying More than Full Price? http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1506495 etailology.com | Ebayers Paying More than Full Price? Thu, 19 Jul 2007 13:13:37 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1506495 [...] references a references the new report here which covers some of the more interesting statistics on how to optimize sales on eBay.  A quote [...] [...] references a references the new report here which covers some of the more interesting statistics on how to optimize sales on eBay.  A quote [...]

]]> By: Luke http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1506253 Luke Thu, 19 Jul 2007 11:12:29 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1506253 Useful article. It's a pity that it's followed by the usual 'what does this have to do with web 2.0' comments, though. Useful article. It’s a pity that it’s followed by the usual ‘what does this have to do with web 2.0′ comments, though.

]]> By: Aidan Henry http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1506089 Aidan Henry Thu, 19 Jul 2007 08:51:52 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1506089 What the heck does this have to do with web 2.0 or start-ups? Is it a slow day for news or something? Cheers, Aidan www.MappingTheWeb.com What the heck does this have to do with web 2.0 or start-ups? Is it a slow day for news or something?

Cheers,
Aidan
http://www.MappingTheWeb.com

]]> By: BeingParents http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505823 BeingParents Thu, 19 Jul 2007 05:55:06 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505823 According to the Time Magazine, one of our addictions is shopping. So I could see how a compulsive shopper would BUY IT NOW for an obese price. Anyone who wants to make a profit with the latest gadgets will because we WANT IT NOW. We don't care if we go deeper into debt or can't eat for the next two weeks because we want it NOW. According to the Time Magazine, one of our addictions is shopping. So I could see how a compulsive shopper would BUY IT NOW for an obese price.

Anyone who wants to make a profit with the latest gadgets will because we WANT IT NOW. We don’t care if we go deeper into debt or can’t eat for the next two weeks because we want it NOW.

]]> By: Dave http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505764 Dave Thu, 19 Jul 2007 05:24:17 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505764 On a website were people are willing to pay $2000 for an iPhone, these findings are not surprising. <a href="http://www.mambobado.com/" title="Need Custom Software Development?" rel="nofollow">Need Custom Software Development?</a> On a website were people are willing to pay $2000 for an iPhone, these findings are not surprising. Need Custom Software Development?

]]> By: gemmill http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505727 gemmill Thu, 19 Jul 2007 04:47:39 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505727 yeah not really surprising at all... ending auctions on the weekend seems to make a favorable difference. selling at the beginning of the month (before people run out of money) also works pretty well... biggest improvement i've had w/ big ticket items (guitars) is selling overseas-- the increasingly unfavorable exchange rate sucks if you want to go to london, but works out well if you sell guitars to londoners. yeah not really surprising at all… ending auctions on the weekend seems to make a favorable difference. selling at the beginning of the month (before people run out of money) also works pretty well… biggest improvement i’ve had w/ big ticket items (guitars) is selling overseas– the increasingly unfavorable exchange rate sucks if you want to go to london, but works out well if you sell guitars to londoners.

]]> By: hrothgars http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505672 hrothgars Thu, 19 Jul 2007 04:13:34 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505672 I agree with gettit. These are barely revelations. The "Buy it Now" feature disappears upon the first bid (early in the auction's cycle). So any bidder can ruin this opportunity for all latecomers. EBay auctions end with snipe bids, so it is only natural that most bids are placed at exactly the same time that most auctions are ending. 8pm? In which time zone? I would assume that 8pm MST would be the ideal auction ending time because this opens the best range across the nation from 10pm on the East Coast to 7pm on the West. The trust level goes up for items which already have bids as people feel more confident that it is a good deal and that they are the lone dope in the marketplace. Lower bids with higher shipping rates are popular because many users confirm bids before looking at shipping charges, and then feel locked in because they don't want to damage their feedback ratings post auction or establish a record of bid retractions. No one likes reserve prices as you are forced to bid not only against other buyers, but against the seller's reserve price. I have never understood why these sellers don't just raise their opening bid price. They even have to pay to set a blind reserve. And everyone knows that eBay far and away leads the market in online auctions. They get the most traffic so they offer the most active & competitive market. Is this kind of output all it takes to get an economics degree from UC Berkeley? =) I agree with gettit. These are barely revelations. The “Buy it Now” feature disappears upon the first bid (early in the auction’s cycle). So any bidder can ruin this opportunity for all latecomers. EBay auctions end with snipe bids, so it is only natural that most bids are placed at exactly the same time that most auctions are ending. 8pm? In which time zone? I would assume that 8pm MST would be the ideal auction ending time because this opens the best range across the nation from 10pm on the East Coast to 7pm on the West. The trust level goes up for items which already have bids as people feel more confident that it is a good deal and that they are the lone dope in the marketplace. Lower bids with higher shipping rates are popular because many users confirm bids before looking at shipping charges, and then feel locked in because they don’t want to damage their feedback ratings post auction or establish a record of bid retractions. No one likes reserve prices as you are forced to bid not only against other buyers, but against the seller’s reserve price. I have never understood why these sellers don’t just raise their opening bid price. They even have to pay to set a blind reserve. And everyone knows that eBay far and away leads the market in online auctions. They get the most traffic so they offer the most active & competitive market.

Is this kind of output all it takes to get an economics degree from UC Berkeley? =)

]]> By: Allen Stern http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505640 Allen Stern Thu, 19 Jul 2007 03:54:01 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505640 I can't believe it took scientists to figure out the same thing that any good eBay'er already knows. I guess if this web2.0 thing doesn't work out, I could be an economist. I can’t believe it took scientists to figure out the same thing that any good eBay’er already knows.

I guess if this web2.0 thing doesn’t work out, I could be an economist.

]]> By: gettit http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505547 gettit Thu, 19 Jul 2007 02:45:31 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505547 The study is only slightly surprising-- especially on highly desirable items, it's only human to get a little caught up in the moment. I know I've overbid as opposed to look for another item to pursue. The study is only slightly surprising– especially on highly desirable items, it’s only human to get a little caught up in the moment. I know I’ve overbid as opposed to look for another item to pursue.

]]> By: Concrete Stain http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/comment-page-1/#comment-1505540 Concrete Stain Thu, 19 Jul 2007 02:38:01 +0000 http://www.techcrunch.com/2007/07/18/how-to-get-the-most-money-out-of-ebay-auctions/#comment-1505540 this seems to be good advice; more in the category of "uncommon common sense" this seems to be good advice; more in the category of “uncommon common sense”

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