Braun Nizo w/ Crystal Sync - Price reduced to SELL!

Post by **Henderson** » Mon Aug 08, 2005 4:45 am

I had this on ebay and the person who won the auction screwed me over so I'm relisting it at lower price to get it sold.

Check it out:
http://cgi.ebay.com/ws/eBayISAPI.dll?Vi ... 7537074563

Post by **Evan Kubota** » Mon Aug 08, 2005 5:24 am

Not to intrude, but it would probably be better to put a lower starting price and set a reserve.

Post by **Henderson** » Mon Aug 08, 2005 5:38 am

Why? What would you start it at?

Post by **Evan Kubota** » Mon Aug 08, 2005 6:46 am

$100? It doesn't really matter what you start it at if there's a reserve.

Post by **ccortez** » Mon Aug 08, 2005 5:36 pm

Why is it better? Are the ebay fees cheaper that way?

If he set his reserve at the same price as the current starting price, what would be the advantage of any bids he might get between $100 and the reserve price?

Maybe they create additional interest in the item?

Maybe they make the seller excited about the possibilities during the course of the auction? ;)

Post by **Evan Kubota** » Mon Aug 08, 2005 7:26 pm

AFAIK eBay fees are the same. It's important to realize that people usually aren't rational actors - a lower starting price can create a 'feeding frenzy' because since people don't know the reserve, it may as well be $200 as $800, and "one more dollar can make the difference." The last big ticket item I sold on eBay was a laptop, and I remember starting bidding around $100 or so.

Post by **ccortez** » Mon Aug 08, 2005 7:38 pm

Sounds reasonable.

I've only sold one item on ebay, a guitar. I didn't learn so much from that experience. I put a starting price at the absolutely lowest I was willing to accept for the item - $600. And I put a BIN price ($850) that was at least $50 over what I thought anybody would pay based on watching auctions on similar items for a couple of months.

I had 25 or so watchers after a couple of days, but no bidders. Then some kid from the UK used BIN. So I didn't get to experience a "bidding war".

:roll:

Hey, Henderson -- why don't you use the classfieds section as per Andreas' post to promote it. It'd be the first, and would be on the front page for a few days probably!

Post by **scott** » Mon Aug 08, 2005 8:01 pm

I have always found that starting an item as low as possible with NO RESERVE always brings the highest price. You end up with many, many people interested in the item, which leads to a bidding war in the closing minutes. A reserve price turns off many bidders(me included) since the perception of a killer deal is lost. It's quite discouraging when you put in a fair bid and get "Reserve Not Met."

If you are brave, do what I do - start the auction at $0.01, and no reserve. You are taking a chance, but odds are your camera will sell at, or above market price.

Scott