50. Be
careful using the Reserve Price Auction (RPA)
No one
likes a reserve. Most people understand the necessity for it, but there are a
large percentage of users who will simply not bid on RPA. If you know something
will sell, then price it slightly lower than the minimum you will take.
If you
are selling a very expensive item, certainly place a reserve on it, but let the
potential bidders know what the reserve is. It doesn't have to be a secret. The
point of a reserve is to protect you against something selling too cheaply. Being
open about your reserve can actually help you get bids.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.