Originally Posted by
pacificaslim
Sellers should get better results with reserves compared to just starting at their "reserve". Compare these two scenarios.....<snip>>
How much have you sold on ebay? How is it working for you?
I sell quite a bit on ebay, and I can tell you, on the stuff I am selling, auction fever does not work. I use ebay to sell high end apparel and odd ball thrift store and garage sale finds. I often just get one bid. I used to start items at 99 cents, and I would often still just get one bid. I got tired of giving stuff away. I now start items close to what I think is market value. 90% of what I sell gets one bid. And we are not talking BIN auctions either. Its just a limited market.
While the momentum concept is great in theory, it really depends what you are selling. On popular items, it works (sometimes). On stuff with a limited market, it doesn't.