To Live Online
HELPS YOU TO KNOW THE REAL FACTS ABOUT MAKING A LIVING ONLINE !!
 
 

 

 

 

  TIMING

 

When to start and end your auctions?

The market fluctuations for different kinds of goods tend to be different. Experiment to determine the optimum pattern/rhythm for what you have to sell, and adapt your behavior accordingly. Is spring, summer, fall, or winter best for you? Do you do better with auctions that end on weekdays or on weekends? If weekends, is Saturday or Sunday best? And what time of day do you want your auctions to end, to make it more likely that interested buyers will be connected during the final, potentially exciting and hectic moments of your auctions?

Also, what is the optimal length for your auctions? As of now, you only have four choices for the length of your auctions -- 3, 5, 7, and 10 days. Which works best for you?

People buying for hobbies and personal use are likely to connect evenings and weekends, or maybe over lunch break from work. People buying items for use at work, may prefer business hours.

Also, remember time zones. 6 AM on the East Coast of the US, pretty much rules out participation from the West Coast where the time would be 3 AM; but might be convenient for folks in London, where it is 11 AM. If you end auctions at around noon Eastern Time, that will allow Western Europe and California to get involved in last minute auction frenzy for your items.

Also, remember that the audience is global. If you have a potentially large market south of the Equator, the seasons are reversed there (winter there when summer here). And for Australia and the Far East, noon time there is midnight on the East Coast of the US.

From my experience selling collectibles, I do best with auctions that end on weekends -- Saturday a little better than Sunday. And 9 PM Eastern Time works best for me as an end time. For others who are selling new and refurbished merchandise, like digital cameras and computer gear, week days may be better than weekends.

Having done your calculations, the general setup at eBay makes it difficult to get the ending time you prefer. The time of day that you start is the time of day that you end. If you start your auction at 8 PM, it will end at 8 PM -- you cannot select an ending time. So you have to plan ahead and post at the right time to get the right setup. And if you have dozens of items you want to post, it will difficult to get them all in with an end time close to what you want.

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