goWholesale Forums Topic: How many days do you run your auctions?

goWholesale Forums Topic: How many days do you run your auctions? http://www.gowholesale.com/forums/topic/19987 goWholesale Forums Topic: How many days do you run your auctions? en-US Sat, 20 Mar 2010 21:19:01 +0000 bbpress 1.0-alpha-5 <![CDATA[Search]]> q http://www.gowholesale.com/forums/search.php zaba99 on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-70033 Sat, 07 May 2005 04:24:26 +0000 zaba99 70033@http://www.gowholesale.com/forums/ It really depends on the items you are selling! You would have to do a little research on the supply and demand on the products you carry. I prefer 7 day auctions that start on Sunday morning, but not to early! This way you get most of the first Sunday listing, pus all day on the following Saturday, plus the same time on the second Sunday. This is why it is best to start your auctions later morning or early afternoon on the first Sunday. So when your item is ending most people are home for the end of the auction to place those last minute bids in to drive up the price. But first you must do some research on the supply and demand of your items. Why not do a comaprison on the same product, one week run a 3 day auction, next week run a 5 day auction and the last week run a 7 day auction. Start them at the same time of day, run them over the weekend to optimize your viewers and see what the final prices are at the end of each auction. One can speculate what will happen all day long, but until you run some actual live auctions like I stated, one will never know how it would turn out. Hope this helps! xxemoxx on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-69999 Fri, 06 May 2005 09:05:53 +0000 xxemoxx 69999@http://www.gowholesale.com/forums/ I prefer to use 3-5 day auctions that end on a saturday night or a sunday afternoon i seem to get the most last min. bids that push up the price that way. tinlizzy on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-68310 Mon, 11 Apr 2005 09:16:52 +0000 tinlizzy 68310@http://www.gowholesale.com/forums/ I'm in the process of reading a book by Scott Wingo called eBay Strategies 10 Proven methods to Maximize Your eBay Business Scott Wingo is the CEO of ChannelAdvisor, an auction management company. There is a section on recommended listing days: *CR - conversion rate: number of items listed/number sold = % 10 day listings: for unusual items that benefit from prolong exposure. 7 day listings: Average. Good if you like to post or close on the weekends because weekends are the peak traffic times especially if you run $1 NR auctions. 5 day listings: If your CR* is above 50%. If your CR is > 50% you have adequate demand and can accelerate your time/turnover(velocity) by using shorter listing times. 3 day listings: If CR* is greater than 75% 1 day listing: If your CR* is above 85%, if it is a perishable item, or on promotional items My opinion: I run 3, 5 and 7 day auctions. Most items don't get bids until the last minute and the more variety you have listed the more bidders you attract. Since Feebay raised the cost of 10 day auctions I avoid 10-day all together. The book is okay. Most of the case studies are on sellers who do more than $10,000 per month. W411 is also mentioned as a source <img src="./images/smilies/icon_biggrin.gif" alt=":D" title="Very Happy" /> db_liquidations on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-68309 Mon, 11 Apr 2005 09:11:05 +0000 db_liquidations 68309@http://www.gowholesale.com/forums/ I primarily sell footwear on eBay and I find that I get more bids using a 3 day auction than I do with longer auctions. In fact, since moving to 3 days from 7 days, my profits have almost doubled. It really does depend on what your selling though nocturnal on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-68305 Mon, 11 Apr 2005 08:07:43 +0000 nocturnal 68305@http://www.gowholesale.com/forums/ depends what you're selling, if it's a rare item you want to run it for 7 or 10 days, if it's commonplace very high demand shorter auctions will let you increase your rate of turnover and probably not have too much effect on finishing price. shermpen on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-68303 Mon, 11 Apr 2005 07:05:24 +0000 shermpen 68303@http://www.gowholesale.com/forums/ i use 3, 5, and 7 day auctions. i have found that i get the same amount of bids on a 3 day auction as i would on a 5 or 7 day auction.. i have used 1 day auctions and found them to end at lower prices, but 3 day auctions usually get the same prices as my 5 and 7 day auctions danwis on "How many days do you run your auctions?" http://www.gowholesale.com/forums/topic/19987#post-68299 Mon, 11 Apr 2005 05:26:35 +0000 danwis 68299@http://www.gowholesale.com/forums/ Just curious what everyone uses. I normally always run 7 day, but I see a number of users running 3 and 5 days auctions. I worry that 3 days means fewer people will see it and therfore lower bids...Or do 3 day auctions cause more frantic bidding, in turn running up the price?