11-26-2006, 02:45 PM
Well, this should go pretty far towards totally killing off the auction site.
Maybe it's different if you are a TM, but I've had . . . oh . . . maybe three sales with more than one bid.
I'm not willing to give things away at half my MIM price. And double my bottom line auction starting price will price me out of the market.
Did eBay pass the stupid pills over there?
Quote:Dear Sellers,
I hope this note finds you all well. I took over the Auctions department upon JT's departure and have spent the last few weeks digging into our Auction customers' behavior and experience while on our site. We're learning a lot about what makes them tick and click and are hopefully finding some quick wins. One win for our customers, we hope, will come from the revisions of the Make It Mine policy.
We've always allowed sellers with a minimum business rating of ten or more to offer a Make It Mine price on their items. The intention of this policy is to allow a customer the option of either participating in an auction or purchasing an item immediately at a higher set price. Since the introduction of the Subscription Program, the auction starting price and the Make it Mine price have become very close to equal. For example: Starting price - $19.95, Make it Mine - $20.00. We hope you understand our feelings that this scenario doesn't offer a true auction experience and, as a result, we're revising our Make it Mine policy.
Effective immediately, the Make it Mine price must be two times the starting price. For example: Starting price - $15.00. Make It Mine - $30.00.
I sincerely hope this revision isn't an inconvenience to you. I assure you our only intent is to provide your customers a pleasant experience that will hopefully bring them back to shop with you again. We're confident that the implementation of this new policy will help us do that.
We appreciate your continued support and hope to help you with a successful holiday season. If you have any questions regarding this policy, please email sellershotline@overstock.com.
Thank you again for your partnership.
Humbly,
Stormy Simon
Overstock.com
Maybe it's different if you are a TM, but I've had . . . oh . . . maybe three sales with more than one bid.
I'm not willing to give things away at half my MIM price. And double my bottom line auction starting price will price me out of the market.
Did eBay pass the stupid pills over there?