Subject:
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Re: High Starting Price, or High Reserve - Which is Best? (was Re: Bulk Listings On Ebay)
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 14 Apr 2000 12:56:35 GMT
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Highlighted:
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(details)
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648 times
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Jan-Albert van Ree wrote:
>
> Scott A schreef:
>
> > Has any one any thought on what works best between:
> > 1. Starting auction at $0.01 but placing a higher resrve.
> > 2. Or starting the same lot at the high resreve.
>
> I usually start an auction at about 1/2 to 2/3 of the price I need to
> make... that usually works fine. Some of my past auctions for Shell mini
> promo's only got $1 while they cost me $1.35 O well, too bad for me I
> guess. (it started at $1)
Were you selling these one set per lot? If so, it wouldn't surprise me
that you wouldn't get many bids. I tend to ignore auctions for a single
small set, or any auction which my expected value is under $10 or so
(unless the seller is someone I buy enough from that I can be reasonably
certain I'll get multiple items to make the shipping worthwhile).
Indicating that you will ship First Class mail within the US can reduce
the minimum value. I'm just not going to be willing to pay $3.20-$5
shipping on top of a several dollar bid for something I value at $5 or
so. If I think it's worth $5, I might put in a bid of $1 or $2.
If you're selling high demand items, I would almost never bother setting
an initial bid more than the highest initial bid that you can set on
eBay for the lowest listing cost. If I was really concerned that I might
not get enough, I would set a reserve.
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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