@sugar249 wrote:
@springyzone wrote:
I think the difficulty with auctions is that in many real life ones, there is a reserve. If the price doesn't reach that, then the item is passed in.
If done properly Ebay auctions do have a reserve price, and they are passed in at that price, it's simple really, if my reserve price for an item is say $23.95, I start the auction at $23.95, if no one bids it is passed in, if someone bids than it sells.
Yes, I agree with you but I think ebay has (at least in the past and possibly still now) encouraged people to start at unrealistically low prices to get interest. 99c is not a realistic price. I do think some new sellers believe their items are going to go up beyond that, for sure, and then get a shock when they don't.
The lesson those sellers need to learn is exactly what you said, that they should start at the minimum they are willing to accept as a sales price and just cross their fingers that they may get even more than that if a few people bid. But to sell at a price they are prepared to honour.
I'm usually prepared to cut new sellers (and buyers) a little bit of slack if they make mistakes or don't properly know the ropes but no one should make the same mistake over & over.
