Even if you set that opening bid pretty well, what you'll see is usually only one bid at the very end of the auction, because nobody wants to bid early on it and be aced out by somebody bidding a buck more in the last seconds. I follow lots of stuff on eBay and have seen that happen a lot. Worst case, of course, is when nobody wants to be first bidder, so nobody bids. That happens too.
There seems to be a lot of psychology involved in any kind of auction, especially the online types like eBay. Len --- -----Original Message----- From: John Glover [mailto:[EMAIL PROTECTED]] Sent: Wednesday, January 30, 2002 9:17 PM To: [EMAIL PROTECTED] Subject: Re: Some e-marketing thoughts I always feel if you want to set a reserve on an item, then use that as your opening bid. Granted, if the price is set too high, you will get no bids, but then I suppose that means you are overvaluing the item, based upon what the current market will bear. I'll sometimes bid on an item with a reserve price if it really interests me, but it is not an auction I'll typically follow closely, for the reasons you cite. - This message is from the Pentax-Discuss Mail List. To unsubscribe, go to http://www.pdml.net and follow the directions. Don't forget to visit the Pentax Users' Gallery at http://pug.komkon.org .
