Watching a BIN. Why?

Jinks

I'm surprised this came up as a question, I've never thought it was odd. I watch BINs all the time because I'm a careful shopper - I never impulse buy, so when I find something I'm interested in I watch it so I can think about it and easily find it again later. I also use my watch list for comparison purposes. I will watch several listings (BIN or auction) of the item I'm looking for so I can easily weigh them against one another and choose which to purchase.

Sometimes I later buy the item and sometimes I don't, but when people watch my BINs I assume they are people who are considering buying the item who haven't made their minds up yet. I don't think I've ever watched something as a competing seller, I just look up those prices before listing my item.

poormanwalking2009

As above posts I am watching 8 laptops at the moment, I Will short list them after ive done a bit more research on the models.

mimi1234

Don't folk sometimes drop prices when they get desperate to get rid? They may start at £15 but then when they just want to get rid of said item, they may drop it to £12 or even less.

freddysmith

mimi1234 wrote: »

Don't folk sometimes drop prices when they get desperate to get rid? They may start at £15 but then when they just want to get rid of said item, they may drop it to £12 or even less.

Once I have a few watchers and no takers, I quite often lower the price a little just to see if I get a bite. Maybe some of my watchers know my tactics. I also get a lot of watchers on my multi listings with variations. I just imagine them as a crowd around my stall and I have to tempt them to buy.

tunnel

My wife has 4 pages of BINs in her watch list. She says she waits till they don't sell and then get relisted for a lot cheaper, she's currently considering a duvet cover down from £29.99 to £19.99.

She can't resist a bargain unfortunately, no wonder the house is full of other peoples tat.:eek:

mimi1234

freddysmith wrote: »

Once I have a few watchers and no takers, I quite often lower the price a little just to see if I get a bite. Maybe some of my watchers know my tactics. I also get a lot of watchers on my multi listings with variations. I just imagine them as a crowd around my stall and I have to tempt them to buy.

And then up the price once one has sold. I did that a while ago when I getting rid of some computer games I got from Tesco a year or two back.

StupotW_2

Wait for it to end and then mail you an offer lower that you asked for.

RHemmings

I frequently watch BIN auctions. Mostly it's so that I can see if the item sells or not, which helps me understand the market price. Also, as mentioned above, if the item is re-listed, I get notified. I've only ever once made a lower offer when something didn't sell.

Own_My_Own

I am on a tight budget and often can't afford them when I see them. I am watching a BIN shed. When I have saved the £150 I will buy it.

vacheron

• Watching items I want to buy to see if they are re-listed at a lower price.

• Watching items I want to sell to see if they sell at the listed price.

• Handy way of bookmarking identical items from multiple sellers to compare postage / terms etc before buying.

What surprises me is how many of my 30 day BIN auctions are bought in the closing seconds of the auction, as if the buyers believe it is necessary to snipe bid.

Never quite understood that, but then as this thread has pointed out, there is the possibility they were waiting for a last minute price drop towards the end.