AuctionAce
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posted on September 17, 2003 09:44:26 AM new
From their announcement page ( bit of a gamble with only a one day duration? Why not a two day as well? )
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***Coming Soon: 1-Day Listings***
Date: 09/17/03 Time: 09:12:08 AM PDT
We are pleased to announce that we will soon be introducing 1-Day Listings. In addition to the currently available 3, 5, 7, and 10 day durations, sellers will be able to list their items in auction format for a 1-day duration. To list a 1-Day Listing, sellers are required to have either a minimum feedback rating of 10 or be ID Verified.
The 1-Day Listing feature enables sellers to quickly sell more inventory of a single item, and sellers listing "perishable" items, like event tickets, will now be able to benefit from a faster auction format as well. Bidders enjoy speedy listing endings and access to more items. Finally, around the holidays, 1-Day Listings help both buyers and sellers make the most out of the last few days of the shopping season!
The 1-Day Listing feature will be available this Fall. We hope that this new feature will help enhance your eBay buying and selling experience!
Regards,
eBay
-------------- sig file ----------- President John F. Kennedy said, "There are three things which are real: God, human folly and laughter. The first two are beyond our comprehension, so we must do what we can with the third."
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vidpro2
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posted on September 17, 2003 09:54:03 AM new
They should really call it 3/4 day listings - it takes 6 hours to get an auction indexed by eBay's search engine 
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replaymedia
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posted on September 17, 2003 10:29:42 AM new
They really should just let you fill in the blank on any number of days up to 7.
I am a big believer in ending on Sunday night. I usually run Sunday-to-Sunday for auctions. If I'm running behind, it sure would be nice to be able to launch a 6 day auction on Monday to end on Sunday rather than run NOTHING the entire week waiting for the next Thursady or Sunday.
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Replay Media
Games of all kinds!
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GoldMagnet
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posted on September 17, 2003 11:01:08 AM new
I Like the one day lets get it a chance.
I to like to end on Sunday. at present you can list on Sunday (7)Day Tuesday (5) Day& Thursday (3) Day and end on Sunday.
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Blairwitch
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posted on September 17, 2003 11:28:42 AM new
One day is really cutting it close. Anything under 3 days is a waste of fees in my opinion.
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dcpent
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posted on September 17, 2003 11:46:46 AM new
It has alwyas boggled my mind as to why ebay doesn't offer 4 and 6 day auctions.
I have posted the issue here many times and the response has always been the same ..no one thinks it can be done.
Technically ebay should allow you to specify the ending starting date and time.
What the f--- is so magical about 3, 5 and 7 day durations?? and What is wrong with 4 and 6 day durations?
[ edited by dcpent on Sep 17, 2003 11:47 AM ]
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AuctionAce
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posted on September 17, 2003 02:54:49 PM new
They should really call it 3/4 day listings - it takes 6 hours to get an auction indexed by eBay's search engine
The search indexing is now very fast. Ebay fixed the slow indexing of search items several months ago.
-------------- sig file ----------- President John F. Kennedy said, "There are three things which are real: God, human folly and laughter. The first two are beyond our comprehension, so we must do what we can with the third."
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AintRichYet
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posted on September 17, 2003 03:02:38 PM new
i had heard quite some time back they would do this ... it was aimed at concert goers that 'suddenly' couldn't use their tickets and wanted to sell them FAST.
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Blairwitch
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posted on September 17, 2003 06:21:06 PM new
It can also be a tool that sellers of illegal listings can use. The less time their items are on, the less time ebay will have to end the auctions.
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horsey88
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posted on September 17, 2003 06:28:52 PM new
Just think of the possibilities. The posters here who repeatedly cliam that they are achieving 90-100% sell through rates can now increase their profits by 300-700% by using the 1 day auctions.
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neroter12
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posted on September 17, 2003 06:37:20 PM new
I guess I will give it a try. Almost sounds like BIN though. Buyers will surely benefit if a seller thinks they can list low -- they wont get the exposure long enough to catch raising bidders, right? Or will they? As I've said before, I think half the buyers on ebay are sellers! ha!
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AuctionAce
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posted on September 17, 2003 08:35:37 PM new
I personally think the longer the better. The bidders may bid mostly on the last day and that is easy to see but gawd knows how many people see the item in the other days.
Blairwitch is right about the possible abuse and ebay must be counting on its surveillance software to catch some of the abusers. There is a minor feedback requirement on the listing duration but that's a joke.
-------------- sig file ----------- President John F. Kennedy said, "There are three things which are real: God, human folly and laughter. The first two are beyond our comprehension, so we must do what we can with the third."
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fenix03
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posted on September 17, 2003 08:42:12 PM new
Horsey - how does this concept of shorter auctions increasing profits work? I'm wondering because I have about an 90% sell thru on one of my accounts with a healthy profit margin but if I can increase the profit margin by running shorter auctions zccording to your plan I would love to learn it.
~~~ • ~~~ • ~~~ • ~~~ • ~~~
Men Are Like Grapes. If You Stomp on Them and Keep Them in the Dark Long Enough, They Might Turn Into Something That You Would Take to Dinner
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horsey88
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posted on September 18, 2003 07:24:59 AM new
"Horsey - how does this concept of shorter auctions increasing profits work?"
Simple....Thanks to my grade one mathematics : Fluffy sells 10 apples with a 90% sell through via a 7 day auction at a profit of 8 cents each. Weekly profits =9x8=72 cents.
Fluffy sells 10 apples with a 90% sell through via a 1 day auction at a profit of 8 cents each. Weekly profit =9x8x7= $5.04
It won't take Fluffy very long to be a multimillonaire.
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fenix03
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posted on September 18, 2003 08:05:22 AM new
Horsey - you should apply some second grade logic to your first grade mathmatics. You can rschedule 3, 5, 7, and even 10 days auctions so that you have auctions closing every day.
If all it takes is apples to become a millionaire.... I gotta run to the grocery story... BRB!
~~~ • ~~~ • ~~~ • ~~~ • ~~~
Men Are Like Grapes. If You Stomp on Them and Keep Them in the Dark Long Enough, They Might Turn Into Something That You Would Take to Dinner
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REAMOND
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posted on September 18, 2003 08:15:50 AM new
One day listings aren't for the collectibles auctions. It is for the fixed price mass marketer on eBay. It will allow the miracle diet pills to come to the toip of the category sooner and sell and re-list.
eBay also profits from one day listings- it produces a quicker turn around and re-list cycle.
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Dragonmom
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posted on September 18, 2003 12:51:14 PM new
I was going to say that's what buy-it-now is for- but, of course you can't bid upwards on a BIN.
LIke someone else in this thread I would prefer to dial in my own number of days.
"And All Shall be Well, and All Shall be Well, and All Manner of Things Shall be Well"
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fluffythewondercat
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posted on September 18, 2003 08:50:34 PM new
The posters here who repeatedly cliam that they are achieving 90-100% sell through rates can now increase their profits by 300-700% by using the 1 day auctions.
Actually, sellthrough hasn't been lower than 96% in many months.
Remember:
1 cent auctions
No reserve
Highly desirable precious metal jewelry from a well-known source in sterling silver and gold
It doesn't take Stephen Hawking to figure out the items are going to get bids.
As it turns out, I'm going to longer auctions, rather than shorter. It would only make sense to run large numbers of 1-day auctions if I had an unlimited supply of jewelry and unlimited free labor....and I wouldn't do it even then.
Our motto: Bright and shiny baubles for persons with low impulse control.
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