KL-ZE on Ebay
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Is it just me or is it stupid to have the buy it now option $25 higher than the opening bid?
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Not if you're looking to sell it as quick as possible.
are you saying it's stupid to make it ONLY $25 higher, or are you saying it's stupid to have it higher? |
No $25. Because then it's only a few bids away from being the buy it now price... I dunno...I'd figure it'd be more like $1000 starting bid, $1250 buy now...
What would the point of it being an auction? :confused: |
Originally posted by Chastan No $25. Because then it's only a few bids away from being the buy it now price... I dunno...I'd figure it'd be more like $1000 starting bid, $1250 buy now... What would the point of it being an auction? :confused: The point of it being an auction and not a set price is because there are people who don't think logically and would say "hey I can save $25 if I bid and no one else does!", and if that happens, the auctioner gets more money out of it. |
Also, to have the buy it now feature, the buy it now price has to be higher than the bid price.
It's marketing....for an extra $XX, you get the item NOW! and it's yours, no waiting, no bidding, no hassle. It's yours! the buy it now option disappears when a bid is placed, but it's the chance you take that someone else does not bid and you end up going over the $25 BIN price. Basically it's an impulse buy, like the crap they have at the registars at stores...your standing in line waiting and staring at all this crap...hey i feel hungry, wow candy bars...get the idea :) |
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