No reserve auctions, low starting price - ARE THE TICKET!

[Modee]

Almost all of my auctions are no reserve, starting price a penny. SELLING LIKE GANGBUSTERS and the end price is almost always more than if I had tried any kind of buy it now.

[John14789]

I tried $0.99 auctions and they give me the same results as BUY IT NOW auctions so why waste the time with lengthy seven day auctions. Although I will try one cent auctions on a couple of my products.

[Modee]

Right, my experience has been that when the item is listed with a reserve at say, $1000. dollars, no one might bid and the auction ends with no winner.

And then you take the same item, list it at no reserve starting price a penny, and it ends at over a K! Go figure.

In any case - the formula works for most (not all) items, as long as your cost into the item is sufficiently low.

[John14789]

Very true about the reserve auctions as they don't derive as much intrest. With my products I've always found it better if I place them in a BUY IT NOW auction. If I don't then I'll get about $20-30 less for it which doesn't make sense to loose.

[NO ID]

Auctions really do bring in more money from my experience and its does make a difference with the fees on ebay.

[SevnSins]

I have never use reserve, unless it was to test the waters for a new product. Although; I think I might try the $0.01 auctions to see how they turn out.

I sure would like to know what it is that you can list for $0.01, and still get $1000 for an ending price. You really do have a golden goose in your hands.

[NO ID]

I list $0.99 and end up with a max of $125, average $105

If its hottt, it will get up there.

[SevnSins]

I had several things last year that I could list for $0.99, and get $50-$75/each consistantly. Due to the VERO man, I just quit trying to sell them. Looks like I need to research better, because you guys have some good products. I'm sometimes scared of listing things low, for the risk of losing money up front.

[Modee]

As a desperation clause you can cancel all bids at the last minute (not allowed to cancel the auction as you get close to the end - but you can always cancel bids).

This is very hard to do though and you might end up with a winner anyway. You just have to hope that the winner is reasonable and doesn't try to get you to perform for a penny!

[SevnSins]

I'm going to give it a try, and see what happens. Can't hurt to test the waters again. If I end up giving it away for $0.99, then I'll know it's the wrong product. I'll test it on one of my cheaper items, so the loss won't be so great.