Government Surplus Auction | Online Auctions Tend To Be A Little Slower During The Summer Months.
Auction Sniper | Reserve Pricing Cannot Be Seen By The Buyer.
85. Alternate Spellings
The search option is precise so you need to try breaking words up, creating a better chance for your auction to be found.
As an example, if you are selling a lawnmower, list it as Lawnmower and Lawn Mower. Another example would be selling a television. You might list it as television and TV.
86. Summer vs. Winter
Online auctions tend to be a little slower during the summer months when people are outside, on vacation, and just enjoying life. The winter months when people are cooped up in the house tend to be much busier. For this reason, many items difficult to sell or higher priced items should be listed during the winter.
87. Collectibles
When selling antiques or collectibles, you should provide a history of the item(s). If you have artwork for sale in your auction, provide the buyer with its origin. People love to have history, especially when it comes to collectibles, which is part of what adds to its value. Without embellishing, make the story a good one.
88. Reserve Pricing
Reserve pricing cannot be seen by the buyer, leaving them to question how much you are really asking. For example, if you had an office printer for sale, you might list a reserve price, or a hidden base figure of $100.
However, to the buyers, in their opinion, this printer is not worth more than $60 since this is the average price from other sellers for similar equipment. As the buyers start bidding close to $60 and they see that the reserve has still not yet been met, they will quickly stop bidding, unsure of what your hidden base is. When you use reserve pricing, it does not help to build buyer/seller confidence and should be avoided.
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