eBay: 7-Day auction any more lucrative than 5?

[TL]

[quote Chupa Chupa]My M.O. is to set the auction for 3 days to get it closer to the top of the list. If there are no bids after 2 days I switch to a 5 day auction. At day 4 if there are no bids I go to a 7 day and let the clock run out. Can't do that anymore. You have 2 hours after listing to extend the duration, but that's it.

[Chupa Chupa]

[quote TL][quote Chupa Chupa]My M.O. is to set the auction for 3 days to get it closer to the top of the list. If there are no bids after 2 days I switch to a 5 day auction. At day 4 if there are no bids I go to a 7 day and let the clock run out. Can't do that anymore. You have 2 hours after listing to extend the duration, but that's it.
Wow. Didn't realize they put the kaibosh on that. Gotta love eBay for their penny pinching. Thans for the correction though.

[Grateful11]

[quote TL][quote Chupa Chupa]My M.O. is to set the auction for 3 days to get it closer to the top of the list. If there are no bids after 2 days I switch to a 5 day auction. At day 4 if there are no bids I go to a 7 day and let the clock run out. Can't do that anymore. You have 2 hours after listing to extend the duration, but that's it.
When did this start because I just extended one the other day?

[Harbourmaster]

Jim

The free version of TeraPeak will give you some basic information including which day of the week and ending time gives the best sell through rate and price.

http://www.terapeak.com/

Type the name of your item into the search bar and see what you get...

[hal]

I always get top dollar for my mac auctions - every time.

The way one gets big $ in a auction is to have at least two people fighting to win your auction. What kind of person bids $2400 for a souped up 2.5 G5? It's a rare breed, but if two of them are bidding on your auction, you're gonna do well. If there is only one, her $2400 bid would probably only get run up to $1700-$1800.

So why am I going on like this? To illustrate that it's the number of high dollar bidders that gets the extra $. And how do you get these folks to bid on your auction? Give them a chance to see your auction.

Make sure your auction is a 'featured' auction so they'll be sure to find it (cost $20) and let it run for 7 days. Five might be enough, but with 7, you have a chance to attract one more big time bidder and get big $.

There will be very little action most of that time, but the longer it runs, the more people see it, the better your chances of attracting big $ bidders. Don't assume that no action for days at a time means that longer auctions are not good. All the important action takes place in the last minutes, but that doesn't mean that these last minute bidders just stumbled on your auction just now - it's likely they've been watching for days.

This all supposes that you know how to write a very good auction and have a flawless record.

And unless you're an idiot in writing your auction, any modern mac should get at least fair value. Don't panic if there are no bids for a long time.

My rule of thumb: my auction price tends to double in the last 24 hours. So if you're 24 hours away from the end and you only have 50% of what you were hoping to get - hang tough - you're doing fine.

your mileage WILL vary

> "The Sunday night method is a myth."

TRUE! Too much action on sundays - unless you have the VERY BEST item in your field, you'll get lost. I aim for monday - wednesday eve (but don't compete with monday night football)

[Baby Tats]

Well, if you sold a core duo imac in the past month then you would have done best on Sunday



BT

[hal]

http://data.terapeak.com/?query=Apple%20Dual%20G5&siteID=0&id=0&date_range=ThirtyDays&date=2007-06-23&

a search for apple dual g5 shows the best is FRIDAY?? 2-3PM????

mine was one of the highest on the list and it ended on a tuesday...

[TL]

[quote Grateful11][quote TL][quote Chupa Chupa]My M.O. is to set the auction for 3 days to get it closer to the top of the list. If there are no bids after 2 days I switch to a 5 day auction. At day 4 if there are no bids I go to a 7 day and let the clock run out.
Can't do that anymore. You have 2 hours after listing to extend the duration, but that's it.
When did this start because I just extended one the other day? The policy went into effect in January, I believe. The system started actually preventing extensions sometime in the last couple weeks. See http://www2.ebay.com/aw/core/200706111007572.html for more on why they did this.

[Grateful11]

It's another way of getting twice the listing fees.

>These auction extensions disrupt normal bidding patterns, creating a poor buyer experience.

The people that make money for them are getting stepped on again. My feedback is well
over 3000 now and it never ceases to amaze me at the constant barrage of changes they
make for the sellers and it's usually not what we want. I realize eBay is the only place to be now
but like all other companies someone will come along and knock them off their pedestal
eventually.