Re: ebay. ratio of watchers to bidders
Starting low does get more watchers but this is quite good as you will get people having a punt.
The perceived worth of something goes up when we think someone else wants it and thus creates an increasing cycle. I read a book on persuasive selling and they looked at ebay starting prices compared to the final sale price. Low starting prices yielded 15% more than those closer to the actual worth of a product.
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