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Someone explain Reserve Ebay auctions

post #1 of 10
4/2/11 at 2:14am
Thread Starter 
What's the point of setting a reserve on Ebay, instead of just a higher initial bid? I hate these things, they frequently get a bunch of bids and then no one wins because the reserve wasn't met. Where's the advantage for the seller?
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post #2 of 10
4/2/11 at 2:23am
None!

I guess some clueless sellers think that will get more by setting a reserve.

Example after example shows that the opposite is true.

It is also funny when someone asks a seller how much a reserve is set for and they wont answer. The seller might think this helps their sale. I think that it hurts.
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post #3 of 10
4/2/11 at 2:27am
I just bid up the price until the reserve has been met and then retract all my bids shortly thereafter. It really is a silly selling strategy. As a seller, I would much rather find an alternative selling website/forum to sell my product than have to hold on to an item for months, relisting it time and time again.
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post #4 of 10
4/2/11 at 2:45am
Quote:
Originally Posted by Gibonius View Post
What's the point of setting a reserve on Ebay, instead of just a higher initial bid? I hate these things, they frequently get a bunch of bids and then no one wins because the reserve wasn't met. Where's the advantage for the seller?


They're gonna be basically pointless in a couple weeks, if I understand the new ebay fee structure.
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post #5 of 10
4/2/11 at 12:04pm
Cheap items will get the attention of more people. I usually browse ebay with the sort option as Price + Shipping Lowest First.
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post #6 of 10
4/2/11 at 4:19pm
Advantage is that you dont have to sell it if it does not get there. Although, I dont see why you would not just start it at that price. Different situations make it work, but most of the time its just stupid. I never, ever use it.
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post #7 of 10
4/2/11 at 11:44pm
The theory is that bidders are stupid, that they will become interested in the item because of the teaser starting price and then get caught up in a bidding war. I don't like the format at all and usually will not participate in reserve auctions.
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post #8 of 10
4/3/11 at 1:18pm
Bait and switch
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post #9 of 10
4/3/11 at 4:05pm
Quote:
Originally Posted by Luke Banks View Post
Cheap items will get the attention of more people. I usually browse ebay with the sort option as Price + Shipping Lowest First.

This.
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post #10 of 10
4/5/11 at 10:32am
Quote:
Originally Posted by NAMOR View Post
I just bid up the price until the reserve has been met and then retract all my bids shortly thereafter. It really is a silly selling strategy. As a seller, I would much rather find an alternative selling website/forum to sell my product than have to hold on to an item for months, relisting it time and time again.
Can't you get into trouble with eBay for doing this?
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