View Full Version : What is the point of a reserve on ebay!
plowsie
18-02-08, 02:54 PM
Sorry but am I being dumb here or what.
If you are going to put something on ebay with a reserve, why not just put the starting bid at that. I did it once and wondered why i did it. So, to those of you that sell, why do you do it?
Maybe I am just not seeing the logical side to it...?
:oops:
ASM-Forever
18-02-08, 03:03 PM
I like to put a reserve on, if the item is of a high value.
That way i can start it at a low price and get potential buyers interested, only to later smash their hopes and dreams with a high reserve. :)
Mike2165
18-02-08, 03:04 PM
I did put a reserve a few times at the start, if I put anything on now, I start at the price I would have put on as a reserve, think it works out cheaper too.
Sorry but am I being dumb here or what.
If you are going to put something on ebay with a reserve, why not just put the starting bid at that. I did it once and wondered why i did it. So, to those of you that sell, why do you do it?
Maybe I am just not seeing the logical side to it...?
:oops:i agree........... its also cheaper to advertise somthing for ?500 with no res, than it is to advertise it for ?1 with a ?500 res.
plowsie
18-02-08, 03:17 PM
Like Mike says i'm sure you get charged for a reserve aswell....
If you put it in at a starting price, even if its high at least people know what the price is. Putting in a reserve, people don't know how high this is and probably won't be that interested in buying.
I've always used starting bids to price a minimum price I want.
Mike2165
18-02-08, 03:33 PM
1st thing everyone asks, 'What's the reserve on it' .
There are different ways of looking at it.
If you have an item for sale at the starting bid is only 99p this will encourage bidding on your item as everyone is hoping to get that item at a steal of a price. But you want to ensure you don't sell it for peanuts so put a reserve price on it to protect yourself.
Having a reserve and a low start price could encourage people to have dip bids. As in, they will put a bid in for another pound just to see if that hits the reserve, thus helping your item reach the reserve.
Having no reserve but a high start price will segregate those that are only interested in getting something dead cheap. They will already see that it is not such a bargain and continue looking elsewhere. This means that your item is not showing much interest and put potential bidders off thinking others are not bidding because there something is wrong with the item.
Swings and roundabouts really.
ljharmitt
18-02-08, 04:27 PM
i think bigapes got it there lol
pencil shavings
18-02-08, 05:01 PM
best and cheepest way to sell any item is at 99p starting price with no reserve. then get a friend to bid on ur item in a tactical way to encourage a bidding war, and then for your mate to finaly bid up to what you would let it go for the least. free reserve!!
best and cheepest way to sell any item is at 99p starting price with no reserve. then get a friend to bid on ur item in a tactical way to encourage a bidding war, and then for your mate to finaly bid up to what you would let it go for the least. free reserve!!
This is true. It's also illegal. But hey, what they don't know don't hurt. :lol:
pencil shavings
18-02-08, 05:10 PM
This is true. It's also illegal. But hey, what they don't know don't hurt. :lol:
Dear Mr B. Ape
Thank you for your recent message about the methods of business presented on the .org. I was just mentioning this as a possible way to conduct your bidding. In noway does this represent the views of myself, the management, or the company (Free E-bay Reserve LTD) as a whole. We do not practice this and we do in no way condone illegal activites of any kind.
Thank you for your time and we value your oppinion.
;)
What, does everyone only have one ebay name :???:
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