Re: Seller's Hyperbole Message #7 Posted by Mike on 2 Sept 2010, 12:58 a.m., in response to message #5 by Namir
You mean "no takers" on every auction. The reason there are often no takers, is because the seller DOES know the value of the item. Items put up for auction, in auction style, typically sell at far below actual value.
The best seller model is one where an item is priced at what the top 10% are happy with; not what the other 90% might be happy with. But I guess there are other models.
The ones I can't figure out are the ones who put a $50 actual value item and try to get $500. And when you check their feedback, you see they have never sold one. Never!
Edited: 2 Sept 2010, 1:05 a.m.
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