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When selling auction style, how do I set a reserve price, so that I don't sell an item for less than I intended?

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When selling auction style, how do I set a reserve price, so that I don't sell an item for less than I intended?
Dec 31, 2012 10:04 PM

For example, I list an item for selling using auction, starting at $0.99. My goal is not to sell for under $5, but the bid ends at $3.50. What can I do so that an item won't sell unless it reaches my $5 goal?

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(1 of 3)
When selling auction style, how do I set a reserve price, so that I don't sell an item for less than I intended?
Dec 31, 2012 10:04 PM

For example, I list an item for selling using auction, starting at $0.99. My goal is not to sell for under $5, but the bid ends at $3.50. What can I do so that an item won't sell unless it reaches my $5 goal?

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(2 of 3)
Re: When selling auction style, how do I set a reserve price, so that I don't sell an item for less than I intended?
Dec 31, 2012 10:14 PM

Don't waste $2.00 setting a reserve...reserves annoy many buyers anyway, since they keep having to "guess" what the reserve is.

 

Don't start the bidding at 99 cents (even though ebay suggests you do!) - what if you only have one bidder??  Then you've sold that item for 99 cents, and you're obligated to honor that sale. 

 

Just start your auction at the price you'd be happy getting for the item and let the bidding progress from there.


“Don't spend time beating on a wall, hoping to transform it into a door.” - Coco Chanel

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Re: When selling auction style, how do I set a reserve price, so that I don't sell an item for less than I intended?
Dec 31, 2012 10:28 PM

The only time the reserve might be good is if your item is very expensive (at least $100 or more) and you want to list it low to get attention but don't want to sell too cheap . 

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