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« on: July 01, 2011, 02:55:41 PM »
There is no easy answer to that. If it is a high demand item shorter auctions are fine. I will give you a example. I just sold a Iphone on a 7 day with no bids on day 6... I start to panic a bit but then it takes off and sells for $266. There are so many Iphones that no one looks at them until to end. In that case a 3-5 day auction will be fine. I usually start my opening price very low on a 7 day auction with a reserve. This gets some quick bids and alot of watchers. You need to get the bidders invested in the sale. If they bid once or put it on a watchlist they are likely to bid more. Sometimes I will put a item that I think won't auction well but has a approx value on with a buy it now. I don't do this often but remember to have a good auction you need 2 bidders. Example I part out old 4 wheelers and stuff and I will sell a carb for like 29.95 on a buy it now. I do this cause there are probably not alot of people looking for a carb for a 1984 Honda TRX 125 but there is someone that needs one..... They are likely to click to buy now rather than wait for a bidding process. Take alot of good pictures sell things that you can easily ship disclose everything and if it does not sell then relist right away!