BIN and Best Offer
Basically, they are complementary and are not any extra cost. You can use a BIN with a Best Offer to let people bid on your BIN items. Say you have a card you want to list with a $2,000 BIN but you'd gladly take $1,800 and if push came to shove you'd take $1,500. You do a BIN at $2,000. Ebay lets you set a range of Best Offers, one to take automatically and one below which you automatically reject the offer. You set the automatic accept at $1,800 and the "go away" floor at $1,500. If an offer comes in between the 2 you have 48 hours to review and decide whether to accept it. If an offer comes in above $1,800, it is accepted automatically and the auction closes. If one comes in below $1,500 it is rejected automatically.
I've been very happy with the results using this set up. One trick: set the floor and ceiling Best Offers at odd numbers, like $1,798 or$1,499 rather than whole numbers. Seems to help.
If Ebay did a better job of publicizing it I think we'd see more action on the BINs. It does take a bit of thinking, which I realize is difficult for many Ebayers.
Last edited by Exhibitman; 05-20-2009 at 05:46 AM.
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