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Does a low starting price put you off as a buyer?

34 replies

Pannacotta · 12/03/2008 17:46

I need to sell a few bits before we move, poss including a double buggy which should sell for around £200 having looked at completed auctions.
I was thinking of starting the auctions very low to save on listing fees, so starting at say 4.99 max and setting a reserve for anything which I wouldn't be happy to sell for that price.
Does this put you off as a buyer?
What would/do you do?
Thanks

OP posts:
sixlostmonkeys · 12/03/2008 21:35

There is a very successful bookseller who starts all his books at 1p. They all find their value.

By starting low you will attract many bids - therefor if yours has quite a few bids and there is another one with a higher start price that has no bids, yours will look more attractive to other potential buyers.
I have seen many many times a low-start-item end up going for twice the amount as another identical item with a BIN. people get caught up with the bidding, people want what other people want, people get stuck in a trance believing they still getting a bargain (due to the low start price)

Pannacotta · 12/03/2008 21:36

Thanks PH, am doing some more research now!
COmpleted prices do look good so far.
Yes will do a good, honest description and lots of detailed pics...

OP posts:
Flibbertyjibbet · 12/03/2008 21:46

I start everything off at 99p. My dad goes to a lot of auctions and says if you have a low starting price you attract much more attention. More attention = more people bidding = higher sale price.
I also keep p&p low and always end up with more overall than other sellers with the same thing who either have a higher starting price or higher p&p.
I bet there will be a stampede of people if you put a phil and teds on for 99p start!!

Pannacotta · 12/03/2008 21:52

OK all, am convinced, some great advice on here, much appreciated.
Will put it on at 99p, hope for the best and let it find its own price...

OP posts:
WiiMii · 12/03/2008 21:56

This reply has been deleted

Message withdrawn at poster's request.

Pannacotta · 12/03/2008 22:00
Grin
OP posts:
BigBadMouse · 12/03/2008 22:11

Pannacotta let me know if you eBay that maternity swimsuit you offered me a while ago. I am bursting out of my non-maternity one now and DD1 has decided she wants to go swimming every week .

btw - I nearly always start items at 99p. Bids attract bids I say.

Pannacotta · 12/03/2008 22:23

BBM you can have it for postage, I was going to offer it on here ffp when I got round to it. Just email/cat me

OP posts:
BigBadMouse · 12/03/2008 22:25

Will email you now - thanks (regulars at the swimming pool will no doubt be much relieved )

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