No this isn't a post about smelly people. I could go on and on about smelly people who don't bother to wash their clothes before trying to sell them at a yard sale. But this post is actually about eBay Best Offer.
I had been really resistant to using BO (best offer) on my listings. 99.9% of my listings are BIN so I knew the option was there. But I kept thinking it would be too much work. Did I really want to be reviewing my offers at random hours when they came in? And what about the low ball offers that are a total waste of time? I had so many excuses I had formed in my head. But about a month ago I decided it to give it a try. And am I glad I did.
eBay gives you the option to automatically accept or decline an offer above or below an amount you set. I have my listings set to automatically accept anything above a certain amount. Most items I sell I only pay about a dollar or two for so I'm going to make a profit no matter what. I set my original price at what I would love to get. Then I set the "accept anything above" the price I would be happy to get. I decided not to automatically decline anything at this point for a few reasons. One reason is that it might only be a dollar or two below my happy price so depending on how long it's been listed or my mood I might decide to accept. I also like having the option to decline and counter offer. I have had a handful of lowball offers (less then half my original listing price). If I get too many of these I do more research to see if maybe I've overprice my item. More often then I expected a buyer will just pay my price and not bother to make an offer at all.
I feel like I'm selling so much more this way. Last week was one of my better weeks. I sold $400 (my average for the month is usually $700) and half of those sales were from BO. Now I just wonder why I waited so long. Was I the only one now aware of how easy and effective it was?