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| quote: | Originally posted by Looney4Clooney
they never see the reserve price. now they assume people will bid and the price will go up as auctions do.
And because you eliminate any low bidders that would never exceed the selling threshold, you lose all their bids which makes your item seem valuable luring in the real buyers.
If you want to sell it for 600. Do a buy it now. If you want to do an auction and sell minimum 600, set the opening at 300. People can state their maximum price so there is no more risk to you, people will actually bid and if they set their max to 500, then realize the other unit they were looking at was sold, they might just click the buy it now at 600. The problem with 600 opening bid and no buy it now is people will assume you have no idea what it is worth and are looking for 800. They just won't bother.
If this isn't evident, i'm not really sure what to say. Maybe study game theory or play a strategy game or something. Not understanding how people operate is a pretty big disadvantage. |
Ohh i understand now. I will do this on the next item i sell. Thanks
Edit: holy shit, it cost 15 bucks for a reserve price on the pioneer nexus.
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Juan Paulino - Quantum Break (Original Mix) [Progressive Breaks]
Last edited by Juan Paulino on Oct-11-2012 at 17:19
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