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I just do not trust that my item will gain enough traffic during the 7 day auction for there to be any competitive bidding. If there's not competitive bidding,
by pkamb 7y ago
I just do not trust that my item will gain enough traffic during the 7 day auction for there to be any competitive bidding. If there's not competitive bidding, it will sell for around the low initial bid.
Much better to stage a "Reverse Auction" via Buy It Now + Easy Pricing. People can discover the item over weeks/months, and Watch it. When the price drops every week, they get an email. When it's low enough, they can buy immediately with no bidding or waiting.
- secabeen 7y agoThe key to that is to list the item at $1 with no reserve. That will generate enough interest from bottom-feeders that it will usually do okay. I like your Reverse Auction if it's not something you want to sell quickly, but if you want to get the $$$ faster, the $1 auction does usually generate sufficient interest.
- mongol 7y agoThis is the way I ended up selling my IBM Model M keyboard on the swedish auction site Tradera for 1 SEK (about 10 cents). Not successful in my case.