Forum Feedback Auction system in TE marketplace

[Neo-N]

I am +1 for trial run if doesn't arises complications and good for seller / buyer

One cannot know if complications arise before trying... And in any case, complications arise even in normal sales.

The thing that needs to be seen is whether the complications outweigh the benefit offered by the Auction System. And for that, we'll need a Trial run.

No amount of discussions can give the insight that a trial run can provide

@neha - it's S***** vs Junior, I think only S***** is censored :bleh:

I censored the other one as well as I think this whole idea of S***** and J***** needs to be tossed outta the window.

So, if there are no S*****'s, there'll obviously be no J*****'s!! :lol:

 

[avi]

Yeah, I agree. Unless we try we can't exactly speculate about it. But during this trial thing, it shouldn't put any member into loss, so he has to deal carefully, obviously with help of mods.

 

[Neo-N]

Yeah, I agree. Unless we try we can't exactly speculate about it. But during this trial thing, it shouldn't put any member into loss, so he has to deal carefully, obviously with help of mods.

It will be sensible for the member to start a [FS] thread with Bidding and quote a Buy it Now Price. It would be great if the member is also allowed to choose the minimum Bid amount.

If he gets a Buy it Now price, he can simply end the auction and sell the stuff to the member who is willing to pay the Buy it Now price. Else, the Auction Continues.

 

[Gannu]

More money if we sell it on the forums! lolwut? I thought the forums had more informed buyers so they knew the approx. resale value of the goods we chose to dispose. And that is precisely what the buyer deserves and not what the local raddiwala offers. I would honestly appreciate if someone was to suggest me to reduce the prices of the goods I'm putting on sale, after some reasoning i.e. Maybe I was unaware of the present market pricing of it and put it up on sale in a jiffy (which almost never happens btw). I would reduce the pricing if that was ever the case but I haven't made more money on the forums lol.

To the average second-hand goods buyer on the streets of the local markets, only a person who wishes to offload the goods faster would want to deal with them or those who do not have the experience of dealing at forum markets. A classic instance here would be if I had thought to dispose off my Lian Li chassis at the local Surat market. I know the kind of value I'd be getting for this 'server cabinate'.

 

[avi]

@Neha - Same as ebay. Seems fine.

But how to prevent proxy bidding ? What if one member bids for his another member friend ?

 

[Neo-N]

To the average second-hand goods buyer on the streets of the local markets, only a person who wishes to offload the goods faster would want to deal with them or those who do not have the experience of dealing at forum markets.

Irrespective of the reason for sale, a Forum always gives you a better price. You sell the product, you get the price. The entire amount belongs to you.

If you try to sell it to any dealer, he pays you a price after factoring in his profit that he intends to earn on resale of your product.

So, if you sell your cabinet for say 10k here, the dealer will pay you only 6k for it as he intends to sell it at 10k later and earn a profit of 4k.

It is not about haste or being inexperienced. It is business. No matter how long you are willing to wait, the dealer will still pay you the same or even lesser an amount!!

 

[logistopath]

@logistopah

Ah.

I need to ask u something abt the market again. What u said is correct. no arguments. but it can also be interpreted like this. We get more money if we sell in forums. And also most prolly, buyers get items in a cheaper price.sometimes atleast. So i don't buy the extras/benefit for community and what nots. I am sure we all have encountered

some very bad exp trying to sell items in local places. Please do not argue and say i am wrong. I am not.

Its money. Everyone wants more.

Like you said, it depends on how you interpret "benefit to the community". To me, it is not only about money. When I pay for something on TE, I'm almost assured that I can get absolute VFM with that. My first ever transaction on TE was with someone called Nash 3 years ago, when I purchased a 6 month old PS2 from him for around 4.5K INR. It was an excellent deal, but more importantly, I could trust the member regarding the condition of the item. Had I got the same from a seller outside, I could have ended up with a faulty item that doesn't work as it should. That risk doesn't exist on community markets like TE's, 'coz trust plays a big role here.

 

[Gannu]

^Which is why offloading it to these dealers doesn't make sense when there are always second hand buyers in the forum, your local community, friends, relatives, colleagues etc. I have never approached a dealer and would never!

 

[Neo-N]

@Neha - Same as ebay. Seems fine.

But how to prevent proxy bidding ? What if one member bids for his another member friend ?

I already mentioned about that sumwhere.

See, if I have a product for sale. Say the HTC Desire and I put it up for Auction. Bidding starts at 10k with minimum bids of Rs.500/- each. Buy it Now price 18k.

Suppose my bid goes upto 16k. And I ask a friend to up the bid by proxy bidding. So, after the fake bidding the price goes upto 17.5k.

Now, as I am both the Seller and the Bidder, my product doesn't get sold!! Whose loss is it??

Eventually, I have to sell it at 16k i.e. to the real highest bidder or wait till sumone is willing to offer the Buy it Now price.

Proxy Bidding will be useless in this scenario. It can be done on ebay as the sellers on ebay have businesses and they can afford to keep the goods stacked up in their shops till they get their desired prices. But here, the seller cannot keep the goods stacked up as they'll lose value over time (unless they are antiques/gold/silver!!).

 

[CA50]

I already mentioned about that sumwhere.

See, if I have a product for sale. Say the HTC Desire and I put it up for Auction. Bidding starts at 10k with minimum bids of Rs.500/- each. Buy it Now price 18k.

Suppose my bid goes upto 16k. And I ask a friend to up the bid by proxy bidding. So, after the fake bidding the price goes upto 17.5k.

Now, as I am both the Seller and the Bidder, my product doesn't get sold!! Whose loss is it??

Eventually, I have to sell it at 16k i.e. to the real highest bidder or wait till sumone is willing to offer the Buy it Now price.

Proxy Bidding will be useless in this scenario. It can be done on ebay as the sellers on ebay have businesses and they can afford to keep the goods stacked up in their shops till they get their desired prices. But here, the seller cannot keep the goods stacked up as they'll lose value over time (unless they are antiques/gold/silver!!).

Taking your example after yours friend bids 17.5k then if a desperate buyer (assuming the 16k bidder) want to buy it and he bids 18k then the buyer is at loss, and here the seller makes another profit of 2k

 

[Neo-N]

Taking your example after yours friend bids 17.5k then if a desperate buyer (assuming the 16k bidder) want to buy it and he bids 18k then the buyer is at loss, and here the seller makes another profit of 2k

If the buyer is desperate, he should get his brains checked!! :lol:

Ok, now seriously, What kind of desperation are you talking about?? And if the buyer is so desperate that he is willing to pay the extra money, it is his prerogative.

I have never felt such a desperation in the TE Market... except once when some member was selling a Coca cola Can shaped phone. Now, it was unique and worth the desperation!!

BTW, I also got a warning for that from logistopath for my desperation then... Too many smileys in my post...

And in any case, the Buy it Now price in my example was 18k. So, if the seller gets his price, why should it offend us?? The buyer is obviously happy as well.



I am sure the buyer won't be willing to pay a higher amount unless he is gonna be happy by doing so...!! In case he pays more even at the cost of being unhappy, then like I said, he needs to get his brains checked!! :lol:

 

[CA50]

^ yeah some thing like that, say the buyer is in urgent need of something.
@everybody, how will the auction system help the buyers?

 

[Neo-N]

^ yeah some thing like that, say the buyer is in urgent need of something.

Last I heard, we were not selling Life Saving Drugs in the TE Market!!! So, an urgent need of something is a bit too far fetched!! :lol:
Now, the Cocacola can phone, I was even willing to pay 3 times (or even more) the price quoted by the seller for that phone. I felt that the phone was worth the price.

My money, I was willing to pay, it was gonna make me feel that I got a great deal even though I paid an exorbitant price. Why should that bother the others??



I hope you get my point. If the buyer has no issue with paying a higher price, why should we poke our nose into it and say that the buyer suffered a loss?? Whereas in fact, the buyer is no kiddo to suffer a loss and makes the purchase only coz he is fine with the price.

 

[avi]

Well TE is a community, not a Market. So it does make sense to bother about buyer's price.

OT : Lately I saw few threads in TE, members making profit with items. I thought only dealers are supposed to make profits. Members just to sell "extra" off load.

 

[Neo-N]

Well TE is a community, not a Market. So it does make sense to bother about buyer's price.

The Buyer bothering about his price is fine...

Other members bothering about what price the buyer pays is simply poking their nose into the matter... Unless the buyer is buying something that is available elsewhere for a lower price and the members warn him (as happens in many Market threads that members just visit to offer price revisions!!)...

In my example, 18k is a good price for a used Desire. If the seller tries to sell it at a price higher than the current Market price (22k), the members can hop in and 'SAVE' the 'Desperate Buyer'... :lol:

 

[avi]

Other members bothering about what price the buyer pays is simply poking their nose into the matter... Unless the buyer is buying something that is available elsewhere for a lower price and the members warn him (as happens in many Market threads that members just visit to offer price revisions!!)...

Is such thing allowed here ? I thought it is not and if we try to post the price, the seller would report it to mod. Like leaving it between just seller and buyer, assuming buyer has done research on the item's price.

 

[Superbad]

but then by putting things in auction there would be no further incentive to be a TE dealer (if u understand what i mean).

a dealer will now not renew his dealership and then place items on auction as (unopened/not used and earn much larger profit).

in totality the dealers will not have any thing pushing for them to bring a Value for money deal.

they will put their item on auction (those which are scarce) and earn huge profits out of it.

a recent example if i would like to post i remember was of a GPU the 460 by nvidia.

we had three deals or more deals from those dealer which offered the best pricing.

with time and healthy competition i think we at TE got a better deal from the dealers than what was available at the local market.

imagine the same scenario if they were put up on auctions.

 

[Mephistopheles]

It seems many did not quite understand what I meant when I said "I support this if this and this is done".

And auctions doesn't necessarily mean that things will always go up and up, prices could go down as well. As I said earlier, members could be allowed to bid an amount lower than the base price too and the highest current bid should be shown, even if the highest bid is lower than the base price.

And as Faheem suggested, members who repeatedly back out could be barred from using the market section for a certain period of time.

We could put up a poll to see what the majority wants, although I have an idea how that could go, So okay lets not have auctions in TE. Lets close this topic now, no point in dragging it further.

 

[Neo-N]

Is such thing allowed here ? I thought it is not and if we try to post the price, the seller would report it to mod. Like leaving it between just seller and buyer, assuming buyer has done research on the item's price.

Haven't you seen the Market threads properly?? We have certain members who visit the market only for giving price quotes on other people's threads!! :lol:

And by 'giving price quotes', I mean providing links to places where the item is available for cheaper. Not just going to a thread and lowballing for the heck of it!!

but then by putting things in auction there would be no further incentive to be a TE dealer (if u understand what i mean).

Seriously, I don't understand what you mean... :ashamed:

We are not planning of implementing the Auction system for the Dealers Section. Only for the Member's Market.

 

[m-jeri]

More money if we sell it on the forums! lolwut? I thought the forums had more informed buyers so they knew the approx. resale value of the goods we chose to dispose. And that is precisely what the buyer deserves and not what the local raddiwala offers. I would honestly appreciate if someone was to suggest me to reduce the prices of the goods I'm putting on sale, after some reasoning i.e. Maybe I was unaware of the present market pricing of it and put it up on sale in a jiffy (which almost never happens btw). I would reduce the pricing if that was ever the case but I haven't made more money on the forums lol.

To the average second-hand goods buyer on the streets of the local markets, only a person who wishes to offload the goods faster would want to deal with them or those who do not have the experience of dealing at forum markets. A classic instance here would be if I had thought to dispose off my Lian Li chassis at the local Surat market. I know the kind of value I'd be getting for this 'server cabinate'.

U can lolwut all u want. Your saying what i posted and lolwuting. please think abt what u going to post and type.

--- Updated Post - Automerged ---

Like you said, it depends on how you interpret "benefit to the community". To me, it is not only about money. When I pay for something on TE, I'm almost assured that I can get absolute VFM with that. My first ever transaction on TE was with someone called Nash 3 years ago, when I purchased a 6 month old PS2 from him for around 4.5K INR. It was an excellent deal, but more importantly, I could trust the member regarding the condition of the item. Had I got the same from a seller outside, I could have ended up with a faulty item that doesn't work as it should. That risk doesn't exist on community markets like TE's, 'coz trust plays a big role here.

Agreed. I didnt say anywhere what u said was wrong did i? Not least abt the trust.

I was referring just to the money benefit alone.