March 16, 2007, Newsletter Issue #78: How Low Can You Go?

Tip of the Week

Keep your starting bids low. This will attract more bidders and stimulate a lot of action on your auction. I consistently start my auctions at $1-$5, even though my hope is to fetch up to $60-$75 as the final price. The reason for doing this is that by the time the auction is close to ending, I may have 15-20 bids already listed. Other potential bidders see this and figure there must be a good reason why everyone seems to be bidding on my item as opposed to the other one with a $25 opening bid.

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Lynda Moultry