How do you like your Auctions when SELLING?
Mon Oct 25, 2004 7:14 pm
Which auction type appeals to you as a SELLER?
VERY HIGH mimimum bid sets the price exactly where the seller and buyer want it and a second bid would be way too much EXAMPLE: item worth 50K; set the price at 30K with a minimum bid of 15K. First bidder would obtaint he item at 45K and no one will place a second bid because 60K is 10k more than the whop wiz.
HIGH mimimum bid sets the price very close to where the seller and buyer want it and a second bid would be close EXAMPLE: item worth 50K; set the price at 40K with a minimum bid of 5K. First or second bidder would obtain the item at 45-50K and no one will place a third bid because 55K is 5k more than the whop wiz.
MEDIUM mimimum bid sets the price around where the seller and buyer want it and the first few bids would be close EXAMPLE: item worth 50K; set the price at 45K with a minimum bid of 1K. First few bidders would obtain the item at 41-50K and it should not go over 51K.
LOW mimimum bid sets the price where much bidding will get it the seller and buyer want it EXAMPLE: item worth 50K; set the price at 45K with a minimum bid of 500. Bidding is brisk but fierce 50K.
1NP mimimum bid sets the price close EXAMPLE: item worth 50K; set the price at 48K with a minimum bid of 500. Bidding is as much or as little as the person desires. Sometimes fierce, sometimes slow.
VERY HIGH mimimum bid sets the price exactly where the seller and buyer want it and a second bid would be way too much EXAMPLE: item worth 50K; set the price at 30K with a minimum bid of 15K. First bidder would obtaint he item at 45K and no one will place a second bid because 60K is 10k more than the whop wiz.
HIGH mimimum bid sets the price very close to where the seller and buyer want it and a second bid would be close EXAMPLE: item worth 50K; set the price at 40K with a minimum bid of 5K. First or second bidder would obtain the item at 45-50K and no one will place a third bid because 55K is 5k more than the whop wiz.
MEDIUM mimimum bid sets the price around where the seller and buyer want it and the first few bids would be close EXAMPLE: item worth 50K; set the price at 45K with a minimum bid of 1K. First few bidders would obtain the item at 41-50K and it should not go over 51K.
LOW mimimum bid sets the price where much bidding will get it the seller and buyer want it EXAMPLE: item worth 50K; set the price at 45K with a minimum bid of 500. Bidding is brisk but fierce 50K.
1NP mimimum bid sets the price close EXAMPLE: item worth 50K; set the price at 48K with a minimum bid of 500. Bidding is as much or as little as the person desires. Sometimes fierce, sometimes slow.
Tue Oct 26, 2004 8:58 am
Definitely not low minimum increment for many bidders, since you most likely lose np that way. I would prefer very high min increment for one bidder winner, cause people are more inclined to bid in such lots. Those with low increment will limit your customer range to those with high-speed connections who are better at auction-sniping.
Lol, I know I think too much over a game...
Lol, I know I think too much over a game...
Mon Nov 08, 2004 6:45 pm
I think medium to high incretement. Usually high doesn't go good unless someone desperate is looking for the item Medium is good, because anyway when you put the item in the TP and post in the chat, people offer you 10k less than what it's worth... hey, that's business
Medium is good, because anyway when you put the item in the TP and post in the chat, people offer you 10k less than what it's worth... hey, that's business