Forum Feedback Auction system in TE marketplace

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ronnie_gogs said:
@Mephistopheles

Well if it is kept that simple then a simple rule change would make much more sense rather than a entire bidding system...

Change these rules



Members can ask for price offers for the product... He/She can then choose the best offer for them...
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Yes I agree to this point and this is what I had in mind, not a bidding system and marketplace like ebay as some people are conceiving it to be.

The point is that the buyer should be allowed to change the price of the product upwards instead of only downwards.
 
logistopath said:
And will increase more with auctions. I echo the views of others who are against it. Auctions will only bring more headaches and more disputes. What exactly is the problem with the current reverse auction method, that we need to look at alternatives? A well priced product has been found to sell out in a matter of hours, sometimes minutes. Ill-priced products do not sell as long as the seller reduces the prices.

Convince me that the auctions will bring drastic advantages to the buyer and seller both, and maybe then I might change my opinion. ;)
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What could be done in this respect -

Add a feature which will show the amount of the current highest bid to all members, and give an option of bidding any desired amount whether above or below the base price for the Seller to consider, but only the highest price and the number of bids may be shown to all members. Only the seller should be able to see all those who have placed bids and their respective amounts.

As Backouts happen everyday anyway, if the highest bidder backouts the seller has the option of contacting the second-highest bidder and so on.

How will this increase the number of "backouts" exactly? If one were not to use this feature, there was an equal chance that a member might back out after committing to make the purchase.

How is it advantageous to the buyer and seller? -

Well, this way the seller can have a better idea of the demand/amount people are ready to pay and prospective buyers also have a fair idea of how much is someone willing to pay for the same and he could bid for it accordingly.

Also, this will eliminate bargaining/negotiations via PM. Any prospective buyer could just place his bid and a seller could to decide and contact one of the bidders.

This also eliminates the holding system to some extent, the highest bidder may be given a specific predetermined period of time in which he has to pay for the item, after which the seller may decide to go with someone else.

I'm not able to think of any negative this might have or how incidents of conflicts may rise because of this.

Also this gives an opportunity for the Sellers to get a price upwards of what they quoted initially rather then always going south of the price that was initially quoted.

Renegade said:
Yes I agree to this point and this is what I had in mind, not a bidding system and marketplace like ebay as some people are conceiving it to be.

The point is that the buyer should be allowed to change the price of the product upwards instead of only downwards.
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Absolutely :)
 
ggt said:
There will still be a problem.

The dealer would not want to make any loss or see that the buyer will try to make a profit by selling it to a different forum (known or unknown). Which may or may not induce a certain loss to the seller for bringing this deal.

I would say this auction should be done for items which have a defect as in some patchy paint job to the product, dent on a cabinet which does not affect the total usability of the product but will be termed defective if sold otherwise.

So then the dealer comes forward with the product such as

1)he mentions the defect of the product.

Shows the item in pictures.

2)provides warranty of the product (full/part) since service centres wont accept for physical damage.

3) and then the auction where the base price is about 40% of the retail price.

This way the dealer gets to clear his stock without him having to bear the loss for not sold product and a member gets to use the product at a much discounted price.

4) or else limit it to direct imports of users.
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i guess this point work for a professional dealer section, but here the discussion seems to be centered of the members market
 
If both sale and auction threads can be there in different sections, and you can do a small test run for say a month and take the feedback.

It is a real nice idea. :). It will be fun.

But also, how will be the seller be protected in case of fake/time pass bids and backouts?.
 
What in this scenario..??

Someone puts ZTE blade for 9.5k, so obviously it's a sweet deal, now many people will try to get it. And then people starts bidding and the price raised to 12k with the heighest bid. Well, it's good for seller, but it's really not VFM. But this excuse may look silly to many members. So FCFS is not applied in this case.

I'm against Auction system.

And "bargaining" is a attribute of Indians, so I don't see any problem here :ohyeah:
 
AUCTION SHOULD NOT TAKE PLACE

TECHENCLAVE IS A REPUTED FORUM AND FOR AUCTION THERE IS A SITE CALLED ebay PLEASE MAKE USE OF IT AND DONT KILL TECHENCLAVE . . . .
 
krishnandu said:
What in this scenario..??

Someone puts ZTE blade for 9.5k, so obviously it's a sweet deal, now many people will try to get it. And then people starts bidding and the price raised to 12k with the heighest bid. Well, it's good for seller, but it's really not VFM. But this excuse may look silly to many members. So FCFS is not applied in this case.

I'm against Auction system.

And "bargaining" is a attribute of Indians, so I don't see any problem here :ohyeah:
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Aution system will make it like e-bay - a market place, whille TE is basically a tech forum with market section as a sub-part, still its core intention is tech.

As krishnandu have said, we buy here because the price is low, now if this auction system is introduced them it will be benificial for the seller not for the buyers. But right now i think its equal for both and you can quote a high price for a second hand product and if the quoted price is justified then it is sold almost immediately.
 
@Renegade: Would the auction system be applicable for all the sale threads once it is implemented? Or would it be left to the discretion of the seller?

I would prefer the present system TBH. Pretty much simple. I'd avoid lowballers anyway. My last sale thread saw me through some badass lowballers with ridiculously low prices - gave them a piece of my mind. :|
 
Sellers can get a fair price for their stuff even under the current scenario, if they do adequate research and price them accordingly. We have a good thread on "How much to sell stuff for" for the same reason.

1. When it is put under auction, people who are not interested can also easily jack up the prices by bidding just for fun. A genuine buyer with a real need will end up paying more than what it is worth, just because he direly needed it, and some troll in the market section bid for fun.

2. Also, I'm sure people will bid in increments of Re.1 and claim that he being the highest bidder, deserves the product. Now, this can be overcome by making a rule that the minimum bid increment should be Rs.X, but, do we need all this complication?

3. Both seller and buyer, under the current system, at least have a minimal amount of interaction BEFORE the deal to establish some trust. Both also do their homework, by checking out the current market scenario, and then decide on what price to tag something for or pay something for. I don't think that such stuff will happen, once auctions are in place. Remember, TE is a online community, with market section meant to just offload excess or unused stuff, and not to gain profits. This entire mindset will change, and people will tend to consider TE as a site to make profits with their stuff, without the hassles and troubles associated with ebay.

@Mephistopheles: I'm all in favour of bargaining or negotiating via PMs. The seller gets to know the buyer, and his intentions this way.
 
Gannu said:
@Renegade: Would the auction system be applicable for all the sale threads once it is implemented? Or would it be left to the discretion of the seller?

I would prefer the present system TBH. Pretty much simple. I'd avoid lowballers anyway. My last sale thread saw me through some badass lowballers with ridiculously low prices - gave them a piece of my mind. :|
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It should be left to the discretion of the seller.

CA50 said:
Aution system will make it like e-bay - a market place, whille TE is basically a tech forum with market section as a sub-part, still its core intention is tech.

As krishnandu have said, we buy here because the price is low, now if this auction system is introduced them it will be benificial for the seller not for the buyers. But right now i think its equal for both and you can quote a high price for a second hand product and if the quoted price is justified then it is sold almost immediately.
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How exactly will this make it like eBay? And how exactly will this harm the tech section of TE? How will its "core-intention" shift?

IF there is a market forum, it should be made as efficient as possible and things like "TE is a tech site first" etc. should not hamper any efforts to maximize efficiency in this area, anyways if most of the people are against this then I do not think it should be implemented.

It'd be great if implemented though, even on an experimental basis. But as the majority is against this idea it'd be better not to go for it then.

logistopath said:
Sellers can get a fair price for their stuff even under the current scenario, if they do adequate research and price them accordingly. We have a good thread on "How much to sell stuff for" for the same reason.

1. When it is put under auction, people who are not interested can also easily jack up the prices by bidding just for fun. A genuine buyer with a real need will end up paying more than what it is worth, just because he direly needed it, and some troll in the market section bid for fun.

2. Also, I'm sure people will bid in increments of Re.1 and claim that he being the highest bidder, deserves the product. Now, this can be overcome by making a rule that the minimum bid increment should be Rs.X, but, do we need all this complication?

3. Both seller and buyer, under the current system, at least have a minimal amount of interaction BEFORE the deal to establish some trust. Both also do their homework, by checking out the current market scenario, and then decide on what price to tag something for or pay something for. I don't think that such stuff will happen, once auctions are in place. Remember, TE is a online community, with market section meant to just offload excess or unused stuff, and not to gain profits. This entire mindset will change, and people will tend to consider TE as a site to make profits with their stuff, without the hassles and troubles associated with ebay.
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1. People needn't take it very seriously, they may bid a amount lower than the highest bid also.

2. It should be entirely upto the seller if he wants to sell it to someone for 100/- or 101/- or maybe even 90/-

3. I do not think any amount of interaction ought to decide who is trustworthy or not, and anyways there will be interaction if the seller decides so. About the profit part, well that issue still remains irrespective of whether this feature is implemented or not.
 
Good idea...but I still feel that the normal action (instead of reverse) is also not a bad idea:)

If the price is high, the product never sells anyway

Its also not a bad idea to have both the reverse and normal auctions.

I know that there would always be pros and cons for almost all things but I can see more pros than cons here. Apart from this we can always discontinue this if it does not work out
 
How many people actually sell things for cheap or something in forums.? The whole point is they get more price here if anything. :S.

If people try to do a buy back to PC shops(Dear god No) or try to sell it to someone local(Very good responses they get) the prices will be abysmal.

But also due to frequent upgrades, few people offload fast and some get a nicer deal.
 
@mephistopheles,
read this posted by logistopath
Sellers can get a fair price for their stuff even under the current scenario, if they do adequate research and price them accordingly. We have a good thread on "How much to sell stuff for" for the same reason.
1. When it is put under auction, people who are not interested can also easily jack up the prices by bidding just for fun. A genuine buyer with a real need will end up paying more than what it is worth, just because he direly needed it, and some troll in the market section bid for fun.
2. Also, I'm sure people will bid in increments of Re.1 and claim that he being the highest bidder, deserves the product. Now, this can be overcome by making a rule that the minimum bid increment should be Rs.X, but, do we need all this complication?
3. Both seller and buyer, under the current system, at least have a minimal amount of interaction BEFORE the deal to establish some trust. Both also do their homework, by checking out the current market scenario, and then decide on what price to tag something for or pay something for. I don't think that such stuff will happen, once auctions are in place. Remember, TE is a online community, with market section meant to just offload excess or unused stuff, and not to gain profits. This entire mindset will change, and people will tend to consider TE as a site to make profits with their stuff, without the hassles and troubles associated with ebay.
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now i think this is clear, why should we try to make it like ebay, let ebay be at its place and TE be at its. Still sellers who want auction system can sell their goods at ebay :)
 
Mephistopheles said:
2. It should be entirely upto the seller if he wants to sell it to someone for 100/- or 101/- or maybe even 90/-
3. I do not think any amount of interaction ought to decide who is trustworthy or not, and anyways there will be interaction if the seller decides so. About the profit part, well that issue still remains irrespective of whether this feature is implemented or not.
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Correct me if I am wrong but what do u mean in point 2? Do you mean sellers will take up offer of 90 when he has offers for 100/101? If yes, that is downright ridiculus.

As put by m-jeri, the 2nd hand prices outside are usually very low and people get a fair price dealing on forums. That is an incentive enough to get more out of a deal.

For point 3, in the current system while negotiating a price you end up writing many pms/making calls. This creates a rapport and better interaction on deals.
In an auction system it is open and shut case - bid and buy. End of story.
 
eBay is looking for opportunities for better penetration into Indian market.Sell TE off to them :|

Edit: Admins if you are so serious about TE.First fix things in TE ,lot of promises from past 2 years but nothing comes to reality..
 
To me an auction system will complicate things. Unless TE appoints some mods to do a job like the PaisaPay thing ebay has. Also if a deal goes bad (somehow) TE's reputation gets hurt.
Easy way out to me seems to ask the seller to list the item on ebay and finish off the deal (you have discount coupons too u know :) ) TE can breath easy with only the listing and show off part..
 
metalspree said:
ebay is looking for opportunities for better penetration into indian market.sell te off to them :|

edit: Admins if you are so serious about te.first fix things in te ,lot of promises from past 2 years but nothing comes to reality..
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this ^^^ :@
 
m-jeri said:
^^

How does a auction system and paisapay reltd?. Even in ebay they have none r8?.
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I said that coz I think PaisaPay gives a sense of safety to the buyer. So unless TE can implement something like that people will still prefer ebay over TE.
 
^^

And hw abt the current TP section mate?. Its working without the paisapay r8?. Hw when a auction is coming suddenly no security?.
 
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