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An Idjits Guide to Auctions-By bezz (b/c I was an Idjit too)

 
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Bezzella



Joined: 28 Nov 2006
Posts: 3638

PostPosted: Sun Jan 21, 2007 12:29 pm    Post subject: An Idjits Guide to Auctions-By bezz (b/c I was an Idjit too) Reply with quote

Well, autions are really great ways to make cash! Smile I made quite a bit from them. All good auctions need:
an sb (starting bid- what you would least accept)
an hb (highest bid- the current highest bid)
a BIN (buy instantly- if a person NEEDS it...)
and possibly a reserve (what you goal is- generally secret but when the goal is reached, you will end it in so and so hours)

Also, make the sb a bit lower than your expectations, and bin a ton higher. Such as, if I was auctioning a cat that was rare/rare, I would search for a cat like that and see how much it was for sale for. Keep in mind other things like details and money won. Then, put it up for about 10k less than expected, and for roughly 20 X the sb, a bin. Just update the hb and end when you want to. Smile
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BlorgySlorgy



Joined: 01 Dec 2006
Posts: 1009

PostPosted: Sun Jan 21, 2007 7:48 pm    Post subject: Reply with quote

Whee, some sort of guide. xD Unfortunately, it's not the running of the auction, but the pricing of all those that gets me. Razz
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Bezzella



Joined: 28 Nov 2006
Posts: 3638

PostPosted: Sun Jan 21, 2007 7:50 pm    Post subject: Reply with quote

BlorgySlorgy wrote:
Whee, some sort of guide. xD Unfortunately, it's not the running of the auction, but the pricing of all those that gets me. Razz


You're not idjity enough for the guide. lol Smile
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Bezzella



Joined: 28 Nov 2006
Posts: 3638

PostPosted: Sat Jan 27, 2007 7:45 pm    Post subject: Reply with quote

Arrow
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