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Saturday, October 15, 2011

BIN Listings

People usually think of eBay as an auction website.  Auctions certainly are a large portion of the site.  Buy It Now BIN listings are also very popular.  There are different reasons both buyers and sellers enjoy both.

eBay auctions are really good to test out the market and get as much money as possible for a listing.  A unique item is a good choice for this.  Auctions are also common for starting out with a low listing price to attract activity.  Just make sure you are willing to sell at the beginning listing price. Many buyers are on the lookout for potential steals.

BIN listings are great for when you want to make a sale now.  Also good for products where you have already tested the market for price and demand.

You may have a lot of a particular product and not have to wait until individual listings end.  If you already know your profit margins then this is a good way to go.

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