help me understand Gunbroker
+4
John Dervis
mpolans
zanemoseley
SMBeyer
8 posters
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help me understand Gunbroker
Two things that are similar on Gunbroker that I dont understand:
1. NO RESERVE!... minimum bid $1650.00. Uhm isn't that the same as a reserve?
2. Reserve STARTING BID $.01! Whats the point of starting the bid at a penny if the reserve is $2000?
1. NO RESERVE!... minimum bid $1650.00. Uhm isn't that the same as a reserve?
2. Reserve STARTING BID $.01! Whats the point of starting the bid at a penny if the reserve is $2000?
SMBeyer- Posts : 375
Join date : 2011-12-07
Age : 52
Location : Southern Illinois
Re: help me understand Gunbroker
Some is marketing/selling strategy. If I sell something that I think is in fair demand I often just start at a penny but run for 10 days, that can get more buyers interested, gets them bidding even if at a low amount. I've had good results.
You can also use reserves and buy it now prices to your advantage. It also depends on if it's a business and they've absolutely got to cover certain costs.
My favorite auctions are $.01 starting and no reserve. You really get to see what an items value is.
You can also use reserves and buy it now prices to your advantage. It also depends on if it's a business and they've absolutely got to cover certain costs.
My favorite auctions are $.01 starting and no reserve. You really get to see what an items value is.
zanemoseley- Posts : 2688
Join date : 2015-07-11
Location : Cookeville, TN
Re: help me understand Gunbroker
1. No, it's the starting bid.
2. To gain interest from folks who might toss a low bid and get lucky. Also, I believe the seller has the option to lower the reserve or accept a bid below the reserve, if he/she so chooses, so a bidder who tosses out a low bid might get lucky.
2. To gain interest from folks who might toss a low bid and get lucky. Also, I believe the seller has the option to lower the reserve or accept a bid below the reserve, if he/she so chooses, so a bidder who tosses out a low bid might get lucky.
mpolans- Posts : 606
Join date : 2016-05-27
Re: help me understand Gunbroker
They charge you if you put a reserve on your item even if it doesn't sell so I start an item at what I would normally use as a reserve. If it doesn't sell at that, I don't get charged. I don't sell on there as a business so I can see how others may use a different strategy depending on their needs which is why they have several different choices on how to list things.
John
John
John Dervis- Posts : 533
Join date : 2012-08-29
Age : 55
Location : Sheridan, Il.
Re: help me understand Gunbroker
Selling and buying on Ebay is very much the same. I have spent far more time on Ebay than gunbroker but I would rather put a "floor" under something than a reserve since I don't pay for that and don't want to sell below a certain number. One huge difference between gunbroker and ebay is the end process. Any bid on gunbroker extends the ending by 15 more minutes whereas in ebay, someone bids with 5-10 seconds to go and then you don't get a chance to bid again.
weber1b- Posts : 574
Join date : 2015-10-03
Location : Ballwin, MO
Re: help me understand Gunbroker
weber1b wrote:Selling and buying on Ebay is very much the same. I have spent far more time on Ebay than gunbroker but I would rather put a "floor" under something than a reserve since I don't pay for that and don't want to sell below a certain number. One huge difference between gunbroker and ebay is the end process. Any bid on gunbroker extends the ending by 15 more minutes whereas in ebay, someone bids with 5-10 seconds to go and then you don't get a chance to bid again.
I can echo this perspective. I too have years of experience and hundreds of transactions on eBay, yet comparatively little experience on GB. As an eBay seller I have better results with a no-reserve listing at a starting price that I would be satisfied with. Or, set an optimistically high price and allow buyers to make offers.
As a buyer I prefer to exploit eBay's hard ending. But as a seller, I wish eBay would adopt the GunBroker-style 15 minute rule that extends listings while bidding continues.
SonOfAGun- Posts : 172
Join date : 2017-08-12
Location : Midwest
Re: help me understand Gunbroker
My take on gunbroker: I see a gun advertised, I end up broker.
Wobbley- Admin
- Posts : 4776
Join date : 2015-02-12
Re: help me understand Gunbroker
Now that is funny.Wobbley wrote:My take on gunbroker: I see a gun advertised, I end up broker.
weber1b- Posts : 574
Join date : 2015-10-03
Location : Ballwin, MO
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