Supreme Reign
Well-Known Member
I wanted to sell some things and couldn't find it. I had no idea they got rid of it. There's no way I'm putting my good stuff up there now, just to get stuck selling to a lowball bidder.
EBay Reserve Price Auctions
- Thread starter Supreme Reign
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Supreme Reign
Well-Known Member
That's strange. The only option I was given was "Add a Buy It Now option so buyers can get it without bidding."
Bane75
Well-Known Member
I personally don't understand the reserve thing. If you have a minimum price you'll take just start there. I see no point in starting bidding at .99 and then setting your reserve at say $250 it totally defeats the purpose of all those bids leading up to the $250. Other than a shady way of getting people to bid up the price til you get your reserve. Just list it buy it now for $250 as an example. I would never set a reserve I just list buy it now, you either buy it or you don't....
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northerngames
Well-Known Member
same here and I totally pass on reserve auctions when it comes to bidding.
JKRacing37
Well-Known Member
It's just the nature of the beast. It's the same way with a live auction. There can be a reserve price on a live auction but they are not going to start the bidding at the reserve. You start low and let people get excited, let the auction gain momentum, get people bidding against each other, and if things work out you ride that wave of momentum past your reserve.
On Ebay no matter what my reserve is I always start the auction at $.99. This gets people looking at your auction and considering it, putting it on their watch list, and also entering a low bid to get things going. The idea is the same as a live auction - get people excited about it and bidding against each other to drive up the price.
If you just listed it at your reserve many people would pass on bidding on it because the price might scare them off. If you can get them caught up in the moment and get them bidding against each other...$$$.
The other thing is aside from a little activity on RC Tech and RC Crawler - people are not buying stuff right now. The market has been down for about a year now - if not longer. If you just listed at your reserve it would be about the same as a classified ad and the luck me and several people I know have had with them as of late is very low. Ebay - love it or hate it - reaches a huge amount of people and the auction format helps you get your asking price.
DiggerXX
Well-Known Member
The whole purpose of the Reserve is to be 100% sure you get what you want out of it. Sure, you can put something up with the price you want as the starting bid...but that drives buyers away. Example: You want to sell your stock Wheely King on eBay. You put the starting bid at $175.00. That will drive buyers to go to one with a bid starting at $10.00...but the reserve is set to $175. They don't know that, so they keep bidding to try and get to the Reserve. When I set my stuff, I set it to a really low price to begin, attract a lot of bidders, and then they have a bidding war to pass the reserve.
nosyajg
Well-Known Member
I've bought lots of stuff off eBay, and was thinking of selling some things there, but is there any recourse for the seller if the buyer is a crook? Say it got shipped with delivery confirmation, but buyer claims they didn't get it? Or if they open a PayPal dispute saying box was empty, etc...any protection for the seller?