90-day Auctions
CollectorsBookMarket Auctions
use Proxy Bidding (like eBay), can have a
Reserve Price and/or a
Purchase Now option, and have 1 to 90 day
durations.
The winner of an Auction is the person with the highest bid at
the end of the auction.CollectorsBookMarket auctions can be used to
sell any merchandise, but the 90-day format is designed
to give booksellers a new option for selling off unwanted
inventory.
For example:. A bookseller decides to cull some quality books that
have been listed competitively for significant prices, but have not
sold.
The options are:
- Donate or dispose of the books
No return
- Reduce the prices on the seller's regular venues by a modest
percentage.
Chances of selling the items quickly are small.
- Reduce the prices on the seller's regular venues by a dramatic
percentage.
Chances of selling the items quickly are somewhat improved, but
the seller realizes only a minimum return.
- Reduce the price dramatically and list the item for a 7 or 10 day
auction on eBay.
Items without high demand (found by searches on a strong
"keyword") are often 'buried' on eBay and sell for the starting bid if
at all.
- List the items at 90-day auction on
CollectorsBookMarket with a starting bid at the dramatically reduced
price, but with a Purchase Now Option at the modestly reduced price.
Buyers have the option of waiting 90 days to get the
dramatically reduced price, or, if they don't want to wait or take the
chance of being outbid, they can use the Purchase Now option at the
higher price. Because of CollectorsBookMarket's visually
oriented format and the multiple browsing options, the items will
attract a lot more attention than a standard listing on the
fixed-price sites (sellers can watch the items' view counters to see
how many eyeballs their book receives).
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