1. Advertising
    y u no do it?

    Advertising (learn more)

    Advertise virtually anything here, with CPM banner ads, CPM email ads and CPC contextual links. You can target relevant areas of the site and show ads based on geographical location of the user if you wish.

    Starts at just $1 per CPM or $0.10 per CPC.

Sales Auction Terms ?

Discussion in 'General Business' started by eddy2099, Aug 6, 2006.

0
  1. #1
    I know that sites and domains are being sold through the auction style through the concept of starting bid and BIN which works fine for me.

    But I've seen some auction bringing in the concept of 'Reserve Pricing' which I take it that the seller would not offer the item for sale under the reserve pricing.

    What I don't understand is that some set starting bid at $1, a Reserve Pricing of $200 and a BIN of $250.

    So what is the point of having the starting bid set so low because if bids come in at less than the reserve pricing, the seller would not sell. The potential buyers knows full well that what they bid will not happen.

    So why not just set the starting bid at the reserve pricing so that no time is wasted ?

    I understand if there is no reserve pricing so any price can be accepted.

    I hope I am missing something really obvious here.
     
    eddy2099, Aug 6, 2006 IP