Buy It Now vs Auction (The Most Profitable Way to Sell on eBay!)
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- เผยแพร่เมื่อ 15 ก.ค. 2024
- In this video I give you the pros and cons of selling an item Buy It Now or on Auction. I tell you when you sold choose which way to go. Check it out.
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Thanks for the tips. Regarding your Levi’s hat, something similar happened to me, but as a buyer. Over a decade ago, a seller posted a signed Dwayne Wade rookie photo magazine cover, authenticated by GAI for $20. To this day, I cannot explain how others did not catch the auction. It sold for $20 and even remember the seller sent me a message stating that I did not have to buy it if I didn’t want to. 12 years later and it’s still hanging in my studio.
Nice. Two minutes after I sold that Levi cap, I got a message and an offer of $500. But, it had already sold.
Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!
I've been an eBay seller too for 23 years. Your tips make a lot of sense and will incorporate them in my listings.
Thanks for watching. You're right up there with me. I've been selling for 25 years. I'm always learning.
Great information! And I loved that you asked if we liked the video to hit the like button and subscribe in the middle of the video… when ppl ask at the beginning.. I just move on.. I can’t stand that. If I’m watching till the middle, great reminder to do so. So, I did! I look forward to watching your videos! Great insight! Thank you!
Thanks for watching and thanks for the kind comments. I hope watching my videos help make you a better eBay seller.
Thank you! I actually revised a listing after watching you and the others I've done correctly somewhat. Thank you for the info!!
I absolutely love your content. New eBay seller long long time Ebay white label seller and your content and articulation is on par with some courses I’ve spent $10,000 for. Thank you.
That's a very nice compliment. Thanks for watching.
What an excellent teaching!! Your voice is perfect for understanding and your words are succinct. You are my go-to from now on--thank you!!
Thanks for watching and thanks for the nice words. I appreciate it.
The advice is much appreciated!
Very helpful, Thank you! Got straight to the point, unlike another video that took 8 minutes!
Thanks for watching. Glad I could help!
I did learn sir darn good presentation as well thank you!
Awesome. Thanks for watching.
Great information. Thanks!
This video was super helpful! I just started selling on ebay yesterday and listed everything as bids(oops). I have a vintage dress on there that I'll definitely keep as bids but the rest I'll change to by it now. Thank you so much!
Awesome! Best of luck. Thanks for watching. Glad I could help.
Thank you, this was very helpful!
You're welcome! Thanks for watching.
Thank you for sharing your knowledge and helping us on how to be profitable on Ebay,
today I subscribed to your channel.
Thank you, Grace. I really appreciate it. I'm glad I can help.
Thank you appreciate this!
Solid advice, thanks! Geaux Cajuns! Woo wooo! 🥳
Great tips, thank you!
You're welcome. Thanks for watching.
Great quality video as well! Just starting selling a lot of my stuff on eBay. Would love to do it full time.
Thanks for watching. I appreciate it.
As always sane advice. Thanks from a beginner.
You're welcome. Thanks for watching.
Great video😊 Thanks!
Thanks for watching and thanks for the compliment.
Great video Thankyou so much
You are very welcome.
I’m so glad I just stumbled across this video. I just started selling on eBay maybe three ago I have already sold three idol but they have limited to. I think 400 or $500 cash or a total of 100 item or a high dollar tool tool couple of items made up all when I’m able to sell or list for the month. I tried to get an increase but got the it’s been less than 45 days so unfortunately your limits cannot be increased yet. No one has left me feedback either. Any suggestions or advice for someone on my situation? Thx and u just gained a new fan!
What a great video! You have answered my questions in your videos and have helped me rethink things. I enjoy the no nosense answers / advice you give. My only thing I'm having questions with is the shipping of things. I'm confused by all the standard options, i.e; usps first class, standard shipping (1-5 business days etc.... Do you have a video that touches on these mailing options. :)
Of course! Go here: th-cam.com/video/p9KAktzTDos/w-d-xo.html
This was good thank you
Cool! Thanks for watching.
New Subscriber thank you for this!
Thanks for subbing!
I _knew_ I was right not to trust the eBay 'recommended' pricing! I had an awful feeling of self doubt that I was doing it all wrong and potentially missing out on a trick, but this is all common sense really. I should have more confidence in my intuitions!
I agree, Most people are likely to filter searches to buy it now items (thats what I do)…
Thanks for watching.
👍great info....thank you
You're welcome! Thanks for watching.
Thank you!!
You're welcome!
Thanks for your very educacional videos! What time do you think is the best to set an auction? A couple days, a week?
Superb video, you have a new subscriber! 😀👍
Thanks for watching and thanks for subscribing. I appreciate it.
Great content!
Thanks for watching. And thanks for the compliment.
Thank you
You're welcome. Thanks for watching.
Sir , thanks so much for your advice😊
What must I do as a beginner to sell vintage rare postage stamps and rare old coins on eBay . Thanks Sir
Good video, I love stats. I usually run the items through a 7 day auction, with the price at what I think it would sell for or a little higher, looking to snag the buyer that was willing to pay more. Then if it doesn’t sell drop the price and list as a 7 day auction with a buy it now to buy the buyer in the position of buy it or lose it.
That's perfect. Great idea. Thanks for watching.
Well reasoned and clear video - the kind which tells you exactly what you want and need to hear.
Thanks for watching. I appreciate your kind comments.
Well done
Thanks for watching and thanks for the compliment. I appreciate it.
Great E Bay information. As a video pro I just have to say your audio could use improving.
Well thanks for letting me know. I'm not a professional videographer.
Thank you from a beginner
Thanks for watching. Glad I could help.
As a buyer, I always search for buy it now with possibility to offer.
Well spotted.
Me, too. Thanks for watching.
My item was put up like 5 months ago and only one person just nodded today but I had no idea that I had put it on auction. What do I do know ? I do want to sell it to this bidder some shoes for 22$. If anyone can help pls.
Great tips! When running an auction and a buyer asks what the reserve price is...do you usually share it? I have one going and the reserve is less than the buy it now price.
Thanks for watching and thanks for asking. I never put a reserve. I just start the auction at the absolute lowest price I'm willing to sell the item for. Also, I never enable buy it now when doing an auction.
@@therefinedreseller275 Hi! I just started seeling again on Ebay after years off being off of it. But when i used a reserve bid, when someone would send me a message about what the price is i would tell them. It always worked and i would sell my item. I hope this helps..... :)
question still left on the table if someone message you before the biding is over and says what would you sell it for right now would you convey
@@wildwoodtop I would tell them to either bid or wait until the auction has ended. Can you remove an item from auction once it's listed?
How much time do you give an item to sell as BIN before you put it as auction?
Thanks for watching. I really don't ever put it on auction from BIN. I only put it on auction when I really don't know the value of it.
Very good thanks a lot 👍👍👍👍👍, i have a question, if i sell a product on auction, and someone wins the auction at a low price that i dont want to sell the product for, can i refuse to sell it to him ? , or am i obligated to sell the product to the winner of the auction ? , thanks a lot for the help
Thanks for watching and thanks for asking. It's never good to cancel a sold item. I would strongly advise against it. Remember, eBay is watching every move you make. When putting the item on auction, start the bidding at the lowest price you are willing to accept. If you have an item that is worth $100 and you expect to get that much for it, do not start the auction at $1. Because, if only one person bids on it at $1, you will have to sell it for that price. I hope this helps.
@@therefinedreseller275 yes it helps a lot, thank you🙂👍, i want to sell rare items and i want them to sell on a very high price at an auction, like for example, superman 1 comic book, so should i start an auction like this at 100,000 dolars or more ?, if i think the value is for example 500,000 dolars, should the the starting auction price be 500,0000 ?, thanks for the help
I put sneakers up for auction and 2 buyers offered the same amount, what should I do??
I sell it to the person who offered first.
I got sneakers $5 comps $30 ebay auto started bid at .99 now bidding ended at $2.50. New seller needed to hear this...i was think n wait wait can I DENY a bid..
Its gonna be buy it now/best offer
If you started the auction at .99 cents and the auction ended and the person who won the auction won it for $2.50, you have to sell the shoes for that price. You cannot deny it. If the auction has not ended and there are bids and you end it, ebay will frown upon that. I would not do it.
@@therefinedreseller275 i am going to go in and make sure items are set to buy now/best offer...moving forward. Thank u for your valued advice
Is it okay to use 7 day auction while also including a BIN option set at higher price on the same item?
Hi Regina. Thanks for watching and thanks for asking. I always do 7-day auctions when I do an auction. I start it at 9:00 p.m. Pacific time. I do not include a BIN option. If it doesn't sell after doing it on auction for two or three times, then I do buy it now at the lowest price I will accept.
Thanks for your response, I’m new at this and was about to launch my first listings. I’ve removed the BIN option and will follow your lead. New subscriber here, retired at nearly 70 and hoping to make some good part time income.
Awesome. Just keep plugging away. It will pay off.
Can someone ask what the reserve is when bidding on an item? I told them the Buy Now price and they still want the reserve. I don't think that's cool, but what do you eBayers think.
First. I never put a reserve. When doing an auction I started at the absolute lowest price I will accept. No, you did not have to tell anyone who the reserve is. Thanks for watching and thanks for asking.
@@therefinedreseller275 I had no idea what to list this item for, but wanted to guarantee that I met a minimum if there was good interest. Thank you for the info.
I have an item on auction for several weeks, and I want to change it to Buy It Now...Ebay's Quicklist form does NOT seem to accommodate this.(the Button that turns off auction does not move.) It automatically renews for 8 weeks. How can I change it today?
Thanks for watching and thanks for asking. The long as you can do an auction for is 10 days. If there is no bid on it, you should be able to end it and relist as buy it now. Give that a shot.
@@therefinedreseller275 I'll try that...if I just let it end and it renews, then I can't change to Buy it now!
If an item doesn't sell at auction, is there a fee for that? Or only if it sells?
You pay an upfront fee to list an item, unless you are using some of the free ones you get. I have a store and get thousands of free listings. I'm not sure how many a seller without a store gets. Maybe 50? No additional fee if it doesn't sell.
@@therefinedreseller275 whats the total fee if it does sell
Thanks for the video. I've decide to put my vintage 1964 Rickenbacker guitar up for auction on EBay. Now, I have to learn how to do it. I'll be setting a reserve for around $7,000. I've owned this guitar for 51 years and it very well could be a one-of-a-kind. Do you have any tips on learning (I'm a beginner) how to begin the process? Thanks
Thanks for watching. That's interesting. I sold my 12 string Rickenbacker about six years ago. Here's what you need to do. Start an auction and run it for seven days. Start it on Sunday at 9pm Pacific time. That's because a huge number of people live on the west coast. If what you want to get is $7,000, I would not start the auction at say $2,000 with a reserve. I would just list with a $6,999 starting price. If it doesn't sell, relist it again and again. If you do that four times and it doesn't sell, you are probable asking too much. Next, list as a buy it now for the lowest price you're willing to acccept. Or, list it a little higher than that with best offer. I know you have an emotional attachment to it. But, sometimes sentimental items are not worth as much as we hope.
Your other option is to look for a facebook group specifically dedicated to Rickenbacker guitars and sell it there. That way you won't have to pay a fee.
Best of luck.
@@therefinedreseller275 Thanks for your tips. I had the guitar professionally appraised around 10-11 yrs. ago. It was appraised at $5,000. I'm going to have an online appraisal very soon from Gruhn's Guitar in Nashville. They are a well known vintage guitar shop who also does professional appraisals. I need that for insurance, as well. If my guitar is truly a one-of-a-kind I realize there isn't another one to compare it to. A few years ago I contacted the president of Rickenbacker, John Hall, who said it is a 340S and was probably a special order from a customer. I also am aware..."it's only worth what someone is willing to pay you for it."
@@sunking2001 Cool! Are you sure it didn't belong to George Harrison? LOL! Best of luck.
I’m trying to sell this artwork as “buy it now” but it says I can’t go over their limit which is $25,000, and I think the value is worth more than that. Should I just auction it instead?
I've never sold anything on eBay worth that much, so, I really don't know the correct answer. Sorry.
I'll step in. I've had ONE time where I got lucky. I paid 5k for a painting. I listed it as auction and started it at 5k.... just a splurge purchase. If I got the money back, I'd be fine. But I woke up the next day and had 60 bidders on it. It sold 5 days later for 32k.... so I'd put it as bid.
There is a lady who offered 22 for shoes and I’m ok with that. I accidentally put the shoes on auction since I’m new. My question is how to I accept her offer and send her the amount so she can pay ? I’m so lost pls help 🙏🙏😊
In the auction, did you have, or, buy it now and a price for buy it now? If not, I assume she made you an offer via an ebay message. If so, do not accept it. You would have to end the auction and get her to pay some other way than through ebay and ebay would not get their fee. They, of course, have access to all messages. If they found out you sold an item that was listed on ebay, off of ebay, they will probably suspend you or ban you from ever selling on ebay again.
@@therefinedreseller275 ok Thankyou so much I will not accept from Messageh es anymore
I've never offered ANYTHING as buy it now. Ebay started as an online auction and to me it will ALWAYS be an online auction.
Buy it now has ruined ebay.
85% of everything sold on ebay is buy it now. It has changed.
Hi
Is ur name Roger...are u dating lavender clothesline lol
Nope. Not me.
@@therefinedreseller275
Lol just wondering
I did auction I got 25.99$
Thanks for watching.
Great info, wish more people were as intelligent as you
That's nice of you to say. Thanks for watching.
how to contact you ??