See more of Jons Buy it now and Auction on Facebook. Some items will always sell best as an auction, while others will do far better as a Buy It Now format or a fixed price listing, as eBay calls them. You can learn more about each room in our BidRivals.com review and Qbids review. You may want to add a reserve or a buy it now price for instance, or maybe use a 5 or 10 day listing instead of 7, etc. But, if you run the item as a BIN, it will be visible to everyone until it is sold. Inspect, test and compare in person at our auction … LC Buy It Now option: auctions When you add a Buy It Now option to auction-style listings, buyers can either purchase your item right away at the Buy It Now price or place a bid. For the first ten or fifteen years of my reselling life, auctions ruled the reseller world. or. No one wants to wait a week for a hand-towel auction to end just to know if you won it or not, and then being forced to wait another week for it to show up in the mail. I would suggest you ask yourself a simple question when deciding on a format: Can I buy this item easily right now, locally? The buyer will only have a limited time to bid on the item. Sellers in collectible categories like railroad color slides may achieve better results with auctions if the slides are high quality, older, and well presented. Everyone loved watching the prices climb over the life of the auction. I would not be surprised if auctions are less than 10% of the total listings. Like what you see? AS A SELLER – An unbelievable win for me was listing a poor old beaten up silver plated coffee pot that ordinarily would bring $50 or so, with similar ones proving that price. You can also add a Best Offer option to you BIN listings, which gives a potential buyer an option to make the seller an offer on that item. With out a doubt, penny auction sites that offer a buy it now feature are the lowest risk penny auction sites online. He runs, Share your expertise! The sad part is I started with auctions years ago when it was fun, lets see how this item does but now its hoping I even get a bid on it. Only auctions that do good are one of a kind item or a rare color, once in a while I’ll do good if a bidding war takes place. 3) you have something you want to get rid of and will accept whatever you can for it. Asses your chances and plan your strategy. AS A BUYER – For me, there is absolutely NOTHING more frustrating than a BuyItNow listing that someone else finds and buys before I do. I personally use the BIN format for the vast majority of my more common and lesser valued items. Check the other items up for auction because you are going to have spare bids in your account most of the time after binning, or winning an auction. Also, buying bids in bulk often times averages your bid cost down. Those are my ideas, exactly!! Not now. For example, a HUGE seller of antiques are artwork based from Rhode Island is using shills to raise the prices and has been doing it for years. Fixed Price and GTC can include the immediate payment feature. I like to compare the price of the item on ebay and amazon and compare that to the price of the item at the Penny Auction site. My big problem selling BIN is that it limits what I can sell the item for. A buyer can click on the Buy It Now button, but the item will stay available for someone else to purchase until payment is issued. In most cases, I have found that the items we routinely sell will almost always sell higher as a BIN than as an auction listing. I have found that the auction format works for these items because it creates a sense of urgency for the buyer. Buy it now listings are becoming more and more popular as buyers want … There is no having to sit around and wait for an auction to end. Item condition is missing in the Stamps category, but condition description can be made visible by setting Item Condition to “used”. Going to BIN on a watch at retail price is a bad, bad play. Check each auction, especially on SkoreIt where they have different auctions. Buy Now for Sale with Buy Now option at Copart. The potential buyer would be watching the auction all week long in anticipation, and in hopes of being the winner. 13035 N CR 2400 E (1,644.23 mi) It ends the fixed price listing and opens an auction with a $.99 opening bid. To get an example of what I am talking about, lets look at the Invicta Watches that the PA sites all seem to love. Fixed Price Squid jig 6 pack in case $25.00 Details. But another major issue that killed eBay auctions is many people no longer trust them. But times have drastically changed and so has the want and need to get your purchased items more quickly. First of all, there was no auction in history before eBay where the auction ends while there are active bidders. Open Now. Rate and review services within the ecommerce industry and let others know how you feel! It is HEARTWRENCHING to search for something for years (I have) and then AT LAST, one appears but it is BIN and POOF it is gone before I have a chance at it. Buy It Now is the easiest way to purchase vehicles through Copart. Besides the rare and in-demand items, I also use the auction format to liquidate some items that have been up for a very long time, and that aren’t worth a lot of money to begin with. These sites are not only reputable, but they are safe in the sense that you can minimize your chances of losing money. As eBay describes it, “Terapeak Product Research uses recent eBay supply, demand, and pricing data to help you determine what to sell, when to sell it, and at what price” and is available under the “Research” tab in Seller Hub. High quality scans and accurate descriptions are a must. With Costs on the Rise, Should You Raise Your Prices? No Damage Clean Titles Runs & Drives Flood Damage Vandalism Hail Damage Buy It Now. Support. Services. Auctions were also entertaining and a thrill for both the buyer and seller back in those days. By putting your guide on EcommerceBytes, you’re not only building a resource that tens of thousands of sellers use, but you can also gain exposure to your listings on. When you see Buy It Now listed, you can purchase the item right away without waiting for the vehicle auction. Join SalvageAutosAuction.com today to participate in live salvage auctions. All rights reserved. There often is only a short window of time for a buyer to find a BIN listing – unlike an auction, which eBay runs for several days (usually a week). 4) You are low on your allocation of fixed price listings for your eBay store and have plenty of ‘free’ auctions listing left. Should I sell my items as an auction on eBay? The buyer must weigh his savings versus the length of time it will take to get the item. At Manheim locations there are vehicles available for immediate purchase. The Buy It Now format, or BIN for short, is a relatively new feature in reselling. You can minimize your risk greatly by only bidding on buy it now auctions and exercising the buy it now feature if you do not win the auction. Utilize Both Auction VS Buy It Now In the end, there is really no clear winner for us. Auctions. Hopefully there is something out there that you want to try and win with your remaining bids. In fact, there is a third option: auction listing with an option to Buy It Now. 7 days a week service call now call: 561-501-7135 Google Gives Shopify Merchants a Leg Up across Its Properties, Bonanza Sellers Reap Sales from Recent Spring Promo, eBay Wants to Etch Its Name in Personalization Space, Etsy Bans Gun Parts and Accessories on May 25, eBay Finally Names Permanent CFO following 2019 Shakeup. The Buy It Now price is available until someone bids on the item or until the reserve price is met. 113 people follow this. For more info or to make an offer, please contact a member of our team toll free at (855) 317-5133 or by email at tnt@tntauction… No bidding. But the market remains glutted. There are two leading penny auction sites that we list at PennyAuctionSites.com that have a robust buy it now option that gives you the value of your bids spent back towards the purchase of the items you are looking to purchase. Both formats have their own usefulness and can be effective tools when used properly. When eBay first introduced the BIN format, many people were very reluctant to dive in, having seen so much success from running auctions for so long. A signed first edition of Mary Shelley’s Frankenstein from 1818 would be a good example of this. If the answer is yes, then I will almost always list that item as a BIN. A BIN will automatically run for 30 days, and will automatically renew until it sells, or you end the listing. If not, best offer can speed sales. There are some up front costs like the shipping and sometimes inflated “BIN” prices that you need to work with but assuming you find an auction you like with products and prices you like then you can more or less risk free bid and try to win the item for pennies on the dollar. No waiting. 2) You have a rare item and can’t find any active or sold listings for it so you have no idea what it’s worth (pick a high starting point and see what happens). Use them and start the bidding at what you would have listed them for fixed price. Filter. However, if you are looking to score great deals on whatever awesome items come up for grabs at the penny auction and do not mind risking losing some money trying to win an xbox for a few bucks or a flat screen tv for $50 bucks then you should look at penny auction sites without BIN. Take a look at the incredible items up for auction on Quibids.com and be sure and check out Bid Rivals for video game systems! You buy bids, you spend those bids bidding on an auction trying to be the last bidder when the clock hits ‘sold’. The buy it now penny auctions are generally only offered by the larger penny auction sites like Quibids or BidRivals because they can afford to operate this way due to the economies of scale that allows them to buy their auctioned items at great enough discounts to still maintain a healthy profit margin even if a large amount of bidders exercise the buy it now option on an auction. The goal is to win an incredible deal and have plenty of bids left over to either get a refund on or spend winning other awesome stuff (I like the latter). It sold for OVER $500 ….!!!! For fixed price listings: You can edit the Buy It Now price. Jewelry, Paintings, Art, Collectibles & Estate items from our auctions being offered BUY IT NOW! You can select from a great range of vehicles including sedan, hatch, station wagon, ute, SUV and 4WD, many are government and end of lease cars which are late model, low km’s and some even come with the balance of new car warranty. Most buyers want their items now and not later. We utilize both auctions and buy it now on our items. They also are listed as the best penny auctions with buy it now because they give you the most value back for your bids and they have competitive prices for their ‘buy it now’ thresholds. This is also a consideration that people are looking for when they are searching for the most safe penny auctions online. That said, here are the only good reasons for listing an auction rather than fixed price: It is good to know your exact maximum cost assuming you buy bids and end up not winning the auction but spending enough to ‘BIN’ the item. Online-Only Auction. All the above being said, I think it is VERY encouraging to have the option of listing in an AUCTION format, but with a BUY IT NOW option for the bidder to choose. Each of those bids you spend costs money, win or lose. When you see the underbidders have 300 bids past 30 days but 90% of bids are for this same seller you know it ain’t kosher. Buying equipment and fleet vehicles at JSA is easy! Spa Day & Meal with Wine for Two valued at £162.90. Thousands of vehicles marked as Buy It Now are available for immediate purchase. You can also see which option will give you the highest return on your item. Another factor is the length of time a BIN runs versus how long an auction can run for. So, the length of time a listing is up can play a big part in how much you sell an item for. A large portion of all items I have sold were sold with the Best Offer option, either as an offer from a potential buyer or as an offer I sent out to watcher on one of my listed items. However, look at ebay or amazon and you will find these watches for way cheaper. Auctions are all but dead, ebay no longer regulates duplicate listings. The following units are for sale now. You can easily determine which option is best by digging through Terapeak, which is now a free tool available to all resellers on eBay. This is the most common question I am asked routinely by both new and longtime resellers alike. Immediate Payment: Non-Paying bidders are the biggest hassle with auctions. This is a BUY IT NOW option. I had used auctions exclusively for 20 years but have not gone to 95% Buy It Now as I was often getting killed on the final auction price. 237d 2h 25m . An online auctions website can allow you to have a “Buy It Now” price for an item you have put up for sale.