1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Reserve or No Reserve

Discussion in 'Site Flipping' started by rakoom2002, Oct 17, 2011.

  1. rakoom2002

    rakoom2002 Supreme Member

    Joined:
    Jun 5, 2011
    Messages:
    1,207
    Likes Received:
    873
    Occupation:
    SuperStar Threads
    Location:
    PDX Oregon
    Hey guys. I have a site that I really don't want to let go for less than $250. This is the bare minimum to cover my costs, time, and listing fees. Do you think its better to start the auction at $1 with a reeserve of $250 or to set beginning price at 250 with no reserve?
     
  2. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

    Joined:
    Sep 24, 2008
    Messages:
    3,816
    Likes Received:
    13,923
    $1, no reserve :)
     
  3. rakoom2002

    rakoom2002 Supreme Member

    Joined:
    Jun 5, 2011
    Messages:
    1,207
    Likes Received:
    873
    Occupation:
    SuperStar Threads
    Location:
    PDX Oregon
    what happens then if your auction only goesd up to like 20 or 50 bux?
     
  4. rakoom2002

    rakoom2002 Supreme Member

    Joined:
    Jun 5, 2011
    Messages:
    1,207
    Likes Received:
    873
    Occupation:
    SuperStar Threads
    Location:
    PDX Oregon
    I switched it to $1 no reserve. IM SCARED, lol.
     
  5. bryanon

    bryanon Executive VIP Premium Member

    Joined:
    Oct 16, 2009
    Messages:
    1,395
    Likes Received:
    1,479
    That's the risk you need to take :)

    But, realistically speaking, if your site has actual value (i.e. it's not one of those template sites with no income etc.) then it's very, very unlikely that it ends up going for less than it's market value is.

    I've run loads of $1 no reserve auctions in the past (even for $10k+ sites) and I'm yet to see one not reach the expected price.