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Do you guys set reserve price to auction?

Discussion in 'Site Flipping' started by mrpega, Mar 31, 2012.

  1. mrpega

    mrpega Regular Member

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    Hi guys, do you all set a reserve price to your auctions? While its a good way to safeguard your interest, it may indicate to potential bidders that they are still "far away"..any thoughts?

    I always set no low BIN and low reserve but it always end up pretty badly so I was wondering is it just me..

    thanks
     
  2. createrk

    createrk Junior Member

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    It all depends upon what type of websites you are selling... If its earning good (Around $50/month minimum), then you can have low reserve to create interest and then sell the sites.

    If its new website with no income, then you might need to set the reserve price minimum of cost that incurred to create the website (Including Flippa fees if you are using flippa) and then sell over.
     
  3. kvmcable

    kvmcable Supreme Member

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    I laugh at everyone still following the old WSO that said set opening bid at $1 and you'll get a ton of action that will get you on the Most Active list early. While that might have worked 2-3 years ago - today it's suicide.

    Low opening bid with low reserve = suicide on entry level websites (90% of Flippa inventory).