Low Starting Price Encourages Bidding?

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Author	Replies: 5 / Views: 1,893
Jeff Pillar of the Community Australia 877 Posts	Posted 11/23/2007 5:43 pm My wife mostly lists her china items at $5 start and gets good prices. Often apparently identical items, starting at higher prices, don't get a bid when my wife's item has sold for more than the other item start price. She does take the chance that an item might only get one bid and sell for a loss! But, that is countered by some items selling for more than she expected to get. So, it looks like low starting price does encourage quicker and more bids. Early bids do seem to encourage others to bid too, rather than holding back to end. What does everyone think? I mostly list my circulated coins at face value + listing cost so, if sold, I at least break even. (I know, I am valuing my time at nothing.) cheers Jeff Report this Post to the Staff

bobby131313 Forum Dad United States 24171 Posts	Posted 11/23/2007 5:58 pm Bids beget bids. We start thousand dollar coins at 99 cents. Shop CCF Members on eBay. Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 11/23/2007 6:53 pm People will watch it, hoping that it will sell for much less. Then by the time the week is over, they might fall in love with the item since they were constantly seeing it for a week. Also, people get into bidding wars, etc. Report this Post to the Staff
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 11/23/2007 7:11 pm quote: We start thousand dollar coins at 99 cents. That's ballsy, but everyone swears by it. The problem is, on my very first auction I did that and the coin sold for about half market value. Of course, that could be (because) it was my first auction. Report this Post to the Staff
USArmyParatrooper Pillar of the Community United States 1283 Posts	Posted 11/23/2007 7:12 pm OH, also, what I do is set a BIN now price for fair market value. They tend to sell almost immediately. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 11/23/2007 7:38 pm I always start my auctions either with a BIN and a make offer option or I start them at 99¢ with no reserve, of course I would never have done this with my first auction because you just don't get bids when you are new but since I have a established feedback and have been using ebay for a few years I have never gotten less than I expected for any coin, of course I don't sell thousands of coins a week or anything I just sell off my duplicates or coins to buy other coins that I bought because they were a specific VAM Report this Post to the Staff
	Replies: 5 / Views: 1,893

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