|Ebanned - Glossary of
Minimum Opening Bid
The seller stipulates a minimum opening bid, which sets
the opening price given in your listing when it first goes online and
before there are any bidders. This amount should not be as high as the
hidden "Reserve Price," if you
have one. Many sellers believe it works to set your Opening Bid as low
as possible - $1.00.
However, as in all businesses, it is easy to under price yourself,
therefore making you appear "less worthy". The best way to determine a
starting price for your auctions is to play around with what the
starting bid is. In time, many sellers find what works best for them.
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