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I'm not cut out to sell bikes on Ebay

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I'm not cut out to sell bikes on Ebay

Old 03-20-11, 02:58 PM
  #1  
Bluechip
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I'm not cut out to sell bikes on Ebay

This is just my second attempt to sell a bike on ebay. My first, a couple of years ago, ended in disappointment. My beloved Bridgestone MB1 went for just under $300. Others at the time were getting $500+. It was in great shape too. Anyway I've got an auction that ends in about 4 hrs and I am going nuts. No bids so far. I know that will probably change only in the last few minutes if it sells at all. I started the opening bid at $1200 so as not to repeat the MB1 experience but it is driving me crazy. So far it's got a little over 300 views and 30+ watchers. I sure hope there is a bidding war the last few seconds. This may be the last bike I try to sell on Ebay. BTW it's also listed in the classifieds here.
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Old 03-20-11, 03:10 PM
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Make sure you mention it on all the Bike Forums a few hours before the auction ends to stir up some interest.
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Old 03-20-11, 03:26 PM
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1200 for a 7 year old carbon? would you pay that for it? I think you should have started the bidding at 100 with a !200 reserve
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Old 03-20-11, 04:40 PM
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Originally Posted by jrobe View Post
Make sure you mention it on all the Bike Forums a few hours before the auction ends to stir up some interest.
actually, how much interest could he get? he has not posted what type of bike he's selling or other info that would help him get interest.
Simply sounds like a concerned seller.
Good luck on your sale, and remember, it may not sale, if that's the case, you simply relist it.
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Old 03-20-11, 04:48 PM
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if you don't get any action, relist it for 29 days, BIN, at a fair price. and list it on C.list as well.
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Old 03-20-11, 05:08 PM
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$1,200 bucks plus $100.00 to ship? Good luck with that.
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Old 03-20-11, 05:29 PM
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Getting out of the house for a while worked good but now I am back. Still no bids. I think $1200 is a fair price and the Trek box is large and is the actual cost for most of the US.

This 5200 Ultegra w/105 crank went for over $1300. So you never know...

https://cgi.ebay.com/ws/eBayISAPI.dll...#ht_500wt_1156
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Old 03-20-11, 05:34 PM
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Originally Posted by Bluechip View Post
Getting out of the house for a while worked good but now I am back. Still no bids. I think $1200 is a fair price and the Trek box is large and is the actual cost for most of the US.

This 5200 Ultegra w/105 crank went for over $1300. So you never know...

https://cgi.ebay.com/ws/eBayISAPI.dll...#ht_500wt_1156
Check prices with FedEx and UPS, usually one is much cheaper than the other I just can't recall which right off. I believe it is FedEx that is the cheapest though.
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Old 03-20-11, 05:38 PM
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I always found that to be successful on Ebay you have to be willing to take a short deal and hope it sells for more. Starting lower gets people excited and gets the bids started. It is important to keep the prospective buyers excited and for them to know that there are others bidding on the same bike that they want. Well detailed and sharp pictures are also very important. Ebay works if you know the "rules"
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Old 03-20-11, 06:19 PM
  #10  
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I have never had a problem selling stuff on Craigslist. I bought a new Fuji last October for $400...sold it last month for $500. Craigslist > Ebay. I've even sold two cars and a motorcycle on Craigslist...never had a problem. Ebay is too complicated and you have to pay Ebay on top of what you sell the item for.
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Old 03-20-11, 07:46 PM
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Well, it didn't get any bids.

Before I relist my 5900 any critiques of my ad would be appreciated.

I am pretty firm on the prices although I could go to maybe $1000 for an opening bid. See above on the 5200 that went for $1300+. I could find a smaller box to allow for lower shipping but I think $60 is about the lowest I could get. The Trek box is very nice and secure but it is large. (46x31x11) I think my pics show pretty much anything that someone could want but I am open for comments.

What time should I start and end the auction? I always had good luck with Sunday nights when I was buying and selling golf clubs.

Any other ideas? Fire away. I have thick skin.

What about if I switched it out to the first gen Ultegra 10sp?

Thanks

https://cgi.ebay.com/ws/eBayISAPI.dll...ht_1713wt_1141

Last edited by Bluechip; 03-20-11 at 07:53 PM.
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Old 03-20-11, 08:11 PM
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You're asking way too much for it. It's almost a decade old carbon frame with dated parts. I'd list it at $700 and see what happens.
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Old 03-20-11, 08:19 PM
  #13  
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Just a quick search on ebay makes me think you're misjudging the market:

https://cgi.ebay.com/Trek-5900-USPS-O...ht_1554wt_1134

Have to remember, this isn't a seller's market these days. Far too many bikes for sale because of the economy, with too few buyers...

I've got a 2000 Trek 5200 that I think I'd be lucky to get $500 for the frame/fork if I sold it tomorrow.
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Old 03-20-11, 08:37 PM
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I checked out your ad....I would suggest is drop any and all references to Lance and "...this is more desirable than that...". At this level of bike, pretty much anyone who is seriously looking at it knows what they're looking at. And, in my experience, (which includes over a decade of selling really high end bikes, and selling quite a few bikes on ebay) is that you can never tell a high end buyer what they want...they "already know".

Also, and even though I presume you think you are having integrity here.....do not mention how many miles are on it....unless someone asks. It's kind of like selling a car...if your car has a gazillion miles on it and they're "all highway miles"...it still has a gazillion miles on it. But bikes are cared for and ridden differently by everyone. If you know the bike is in good condition, good enough...you can sell it with good faith knowing you are not hiding anything.

It's perfectly fine to point out that there is some normal wear and tear, like cable rub and a few scratches here and there...but I would shy away from saying things like "the frame is not perfect..." And of course, it's good to point out that you've cared for the bike very well and never crashed or dropped it.

The only other thing I would add is that it's just a bum market out there right now...lot's of people are refraining from buying bikes among other things. That being said, you may be rather optimistic looking to get $1200. Honestly, you may want to evaluate whether you can live with less, or if you really want to sell the bike at this time. And your really going to have to get it out of your head that someone else sold a bike for more than you think yours should fetch. Ebay is pretty much the world auction....and a sale could even depend on the fact that whomever bought the 5200 just simply liked the color of that bike better. People are just like that...often impulsive and without practical application.

This is how I would word the listing (some of it is obviously presumptive as I don't know you...but...anyway):

2003 Trek 5900 SL 56cm Full DuraAce 9sp USPS colors, OCLV 110 carbon frame and fork.

From a review of the 5900 when it first came out:


OCLV 110 Carbon. The lightest, fastest production frame ever made. Proven by the USPS team in the Tour de France. Optimum Compaction Low Void carbon. 110 grams of carbon fiber per square meter of OCLV creates this ultralight frame. 1-1/8" head tube. Trek Pro Race geometry. Handmade in the USA.


Full review from Pez Cycling here- https://www.pezcyclingnews.com/?pg=fullstory&id=1001


Changes from stock are:


Bars-Deda Newton 42cm
Stem-Ritchey WCS 100mm
Headset-Ritchey WCS
It has 20mm of spacers under the stem, plenty of room to adjust the fit.



Pretty much everything else is same as stock.


DuraAce crankset - 172.5 53/39
DuraAce cassette - 12-23 9sp
DuraAce brakeset w/Kool-Stop pads
DuraAce shifters 9sp
DuraAce 9sp chain
Thomson Elite 0 setback seatpost
Selle San Marco Aspide seat (USPS team)


No pedals are included.


Weight as shown is 15.5 lbs



Bontrager Race X-lite Wheelset - They're listed at a little under 1500 grams (although I don't have a gram scale). Tires are Continental GP4000 25's (with plenty of rubber left!). They are as round and true as when new and have never been touched by a spoke wrench.


I have two forks for the bike, the current one is a Race X-lite, but I have a new XXX-Lite that can go with it if you like. It's uncut as well.



This was my main ride until 2009 when I got a new ride, so it has the normal wear and tear I suppose, cable rub and a few paint nicks here and there but always very well taken care of and of course, never stored outdoors. All of it is pretty well represented in the pictures.

This is a very sweet, smooth road bike and it's time for it to be loved again by someone who will really enjoy it. Thanks for looking and good luck!
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Old 03-20-11, 09:35 PM
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Thanks redtires. That's the kind of feedback I was hoping to get. Thanks for taking the time to rework my auction.
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Old 03-20-11, 09:46 PM
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Here are my 2 cents, and I happen to agree a lot with what redtires just said above. To help you out, I had my brother, who is not only a bike noob, but an utter idiot when it comes to researching crap period. I swear he calls me every day to get my opinion on stuff. I forced him to figure out if this was a good deal on his own. I know it is a good deal, but he actually had good and valid points from someone who quickly brushed up on their carbon bikes.

First off, he went to Trek. He couldn't find a 5900. That is the only hint I gave him, and told him it would be comparable to today's Madone. He found out the lower end Madone was only $500 more brand new MSRP, and he actually called the Trek dealer by him and found out they sell it for $1,800. He called me and said no way an 8 year old bike is only a few hundred less than a new bike.

My point with this is, believe it or not, some people who aren't up on bikes are surfing ebay, so something like your Lance write-up would be OK, but maybe try and figure out where it lines up against today's bikes. Why is it worth $1500 you think? See, my brother didn't even consider the components, he saw the brand name, model number, and instantly searched via Google for something cheaper, and in this case went straight to the manufacturer's website, which I didn't think he had the capacity in his head to even do

Another thing I didn't understand or glanced over without digging deeper is the following from the ad:

BIN price includes free shipping to continental US or the extra XXX-lite fork.

Shipping price listed is for continental US only. Most other locations will be more. Please contact me for quotes.
I am guessing this is an ebay thing, and since I am not a big ebay user I don't understand it. BIN price, which I think might be BID instead? includes free shipping, however shipping price is listed for US. That threw me a little. Maybe it is supposed to be BIN and I have no freakin' clue what BIN is off the top of my head.

Like I said, just my 2 cents, and probably not even a good 2 cents.
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Old 03-20-11, 11:14 PM
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BIN = Buy it Now.
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Old 03-20-11, 11:34 PM
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Me either.
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Old 03-21-11, 12:07 AM
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My consistent problem with selling bike stuff on ebay is that I almost always get more than I thought I would for it, but it's someone from overseas, and they're all too happy to pay almost immediately, thinking that the $10 flat rate shipping is applicable to them.

I usually set a reserve just below what I'd be willing to part with it for. If people ask, I just tell them. That way you get the views/watchers when it's still really low and then as it climbs higher, those people aren't as put off by the initial high price (despite it being effectively the same).
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Old 03-21-11, 10:02 AM
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Originally Posted by gregf83 View Post
BIN = Buy it Now.
Ahh, thanks for that, now if and when I see that, I will know what is going on
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Old 03-21-11, 10:32 AM
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So sick of the stupid eBay and PayPal (which is, of course, more eBay!) fees. I sold a keyboard for $1500 and I just remember the listing fees, final value fees and PayPal fees taking about $300 of it. I can't recall the exact details because it was a year ago but I was just disgusted by the whole experience.

Craiglist kind of sucks because you have to worry about all the morons and people that seem great until they show up and offer $200 for an item you're asking $1000 for. "Uh, I got the cash right now buddy. Right here. Cold hard cash. $200. Whaty'a say?" Ugh.

I've found that for things that are less than a couple hundred bucks I just donate them and get the tax break. You won't see as much as an eBay or Craiglist sale but it will probably go to somebody that really needs it and you don't have to deal with the hassle. I just donated my 1991 RockHopper FS. It was in great shape and I had just bought a new seat, chain and cables for it last year. I wrote it off as worth $200 which means I'll see around $80 for it come tax time next year. That's fine by me.
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Old 03-21-11, 11:21 AM
  #22  
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Originally Posted by Accordion View Post
Craiglist kind of sucks because you have to worry about all the morons and people that seem great until they show up and offer $200 for an item you're asking $1000 for. "Uh, I got the cash right now buddy. Right here. Cold hard cash. $200. Whaty'a say?" Ugh.
The solution there is to pick a meeting place that is within walking distance to you, so you're not as inconvenienced by those annoying jokers. I had one pull this on me when selling a motorcycle, after I'd agreed to meet him halfway between our towns (more than 20 miles away.) I pretty much called him bad names and told him to stick his cold hard cash where the sun doesn't shine. Then told every interested party thereafter to meet me at a fastfood parking lot a block away from my place. And lo, the next guy bought the bike for the [reasonable] asking price.
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Old 03-21-11, 11:34 AM
  #23  
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Originally Posted by Accordion View Post
So sick of the stupid eBay and PayPal (which is, of course, more eBay!) fees. I sold a keyboard for $1500 and I just remember the listing fees, final value fees and PayPal fees taking about $300 of it. I can't recall the exact details because it was a year ago but I was just disgusted by the whole experience.
I find this hard to believe. Assuming a basic auction listing and domestic shipping, your total fees paid would only have been around $100-$110 max. There are various calculators available online where you plug in numbers and listing options and I couldn't even come close to $200 let alone $300.
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Old 03-21-11, 11:45 AM
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Originally Posted by Propofol View Post
I find this hard to believe. Assuming a basic auction listing and domestic shipping, your total fees paid would only have been around $100-$110 max. There are various calculators available online where you plug in numbers and listing options and I couldn't even come close to $200 let alone $300.
You're correct. I looked it up. It sold for close to $2000 and I was jammed for $140 on PayPal/eBay fees. I got nailed for another $80 more than I expected from UPS shipping for oversized which of course has nothing to do with eBay but I still was out around $220 on a $2000 item - partially because of fees and partially because I didn't do my research on the shipping.

I stand corrected.
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Old 03-21-11, 12:39 PM
  #25  
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$99 opening bid, no reserve!!! It will sell for what it's worth. Might not be $1200, though.
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