eBay selling question

[ThePresence]

Why would someone set a reserve price and risk losing half his potential bidders, when you can just set a starting bidding price where you'd feel comfortable? What's the point? What am I missing?

 

[ThePresence]

Does nobody care:Q

😛

 

[jhayx7]

You hear that?

:music:


Worlds smallest violin. 🙂

 

[DeadByDawn]

People are more likely to bid if the starting bid is lower, hence you get more people interested even if they aren't actually willing to meet the reserve price. If it doesn't meet reserve then you can offer it to them at a lower price after the auction ends. Check completed listings, i'd wager that items with reserves get more bids than ones with high opening prices to start with.

 

[ArchCenturion]

Maybe they are not too keen on selling it, but they would be willing to sell for a real nice profit if someone happens to bite?

 

[The Green Bean]

Originally posted by: ArchCenturion
Maybe they are not too keen on selling it, but they would be willing to sell for a real nice profit if someone happens to bite?

:thumbsup:

 

[AnyMal]

Originally posted by: DeadByDawn
People are more likely to bid if the starting bid is lower, hence you get more people interested even if they aren't actually willing to meet the reserve price. If it doesn't meet reserve then you can offer it to them at a lower price after the auction ends. Check completed listings, i'd wager that items with reserves get more bids than ones with high opening prices to start with.

^ what he said. It's just a mind game, that's all.

 

[DeadByDawn]

Oh yeah, and reserves are typically used more often on bigger ticket items like >$1k or so usually.

 

[sao123]

Originally posted by: DeadByDawn
Oh yeah, and reserves are typically used more often on bigger ticket items like >$100 or so usually.

fixed