Things that make you wanna puke - Collecting Tiki

M midnite Member 37? 47' N, 122? 26' W Joined: Mar 25, 2002 Posts: 1230	M midnite Posted posted on Tue, Nov 26, 2002 2:56 PM [How do you get it up to the reserve? And once there is a bid, you can't put a reserve on it. If one places a bid of say $100 on an item with a $50 reserve and opening bid of $5, the Ebay system will "mark up" your bid to reach the reserve. If one bid only $40, then the system will make your current bid just at the opening, namely $5. Reserves are guarantees the item will get a certain price or not sell, but so will an opening bid of the same level. Why have a $100 reserve and an opening less than that? Simple psychology of auctions...get people bidding, some fever among the bidders. Start the bidding too high, many bidders will pass your item right by. It's a fine line between getting the action rolling and risking a real low selling price. Then agan, that's the basic premise of most auctions...maybe you can get a deal! I have been raising the opening bids on my better mugs, and doing away with reserves almost entirely. The Ebay price structure for insertion fee makes $9.99 popular, but sometimes that amount is too low for a sale. Plus, my really rare items are sold outside of Ebay. midnite

[How do you get it up to the reserve? And once there is a bid, you can't put a reserve on it.

If one places a bid of say $100 on an item with a $50 reserve and opening bid of $5, the Ebay system will "mark up" your bid to reach the reserve. If one bid only $40, then the system will make your current bid just at the opening, namely $5.

Reserves are guarantees the item will get a certain price or not sell, but so will an opening bid of the same level. Why have a $100 reserve and an opening less than that? Simple psychology of auctions...get people bidding, some fever among the bidders.

Start the bidding too high, many bidders will pass your item right by. It's a fine line between getting the action rolling and risking a real low selling price. Then agan, that's the basic premise of most auctions...maybe you can get a deal!

I have been raising the opening bids on my better mugs, and doing away with reserves almost entirely. The Ebay price structure for insertion fee makes $9.99 popular, but sometimes that amount is too low for a sale. Plus, my really rare items are sold outside of Ebay.

midnite

Post #14891 by midnite on Tue, Nov 26, 2002 2:56 PM