Mikey P said:
[quote="Ken Snow":2x2sg7cl]Yep, or just let it roll- starting at a high % of value (especially if inflated retail- don't know if that is so) just frustrates bidders. The whole purpose is the fun of getting people involved which in the long run tends to make more money. The most successful auctions have very low opening bids.
Starting bid prices should be in my opinion 10-25% of true selling value i.e. if something retails for $499 but is typically sold for $399 bid pricing would start somewhere between $40-$100.
Consider trying it for 20 or so items Mike then do the math at the end to see how you did. Also consider the additional exposure MB and the donator get by having more action.
Ken
No inflated retail Ken I try and find the lowest drop shippers price the MB broke dicks could squeeze out of the net.
It's been the trend for winners to save 10 to 20 bucks on a case of juice AND the cost of shipping (Masterblend to Able's garage would cost $36)
If that aint good enough than Able can continue to support *** with his purchases.
Figure out what you can save here-http://www.ups.com/content/us/en/shipping/index.html?WT.svl=PriNav
The point of these auction is for advertisers to pay their banner or MF bill. While the exposure is good, losing money on the transactions isn't the point. Obviously they want the items to sell for at least what they have into it other wise they would just pay me with a check.
Auctions dont always work in their favor.
Look at the HOSS auction, it starts at $1000 off retail and two posts later a dick like Vince comes in and rips Interlink.
I'm sure they were thrilled.[/quote:2x2sg7cl]
The truth will set you free.