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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