I could use some advice on Ebay

United States
February 18, 2007 9:57pm CST
I have been selling on ebay for a few months now and I have never used a reserve price. My friend asked for me to list something for her and she wants a reserve price set, I didn't have a problem with this but now I have two different people asking what the reserve price is. Should I tell them or just make them bid. How would you handle this or have you had this happen to you?
3 people like this
6 responses
@wayz12 (2059)
• United States
19 Feb 07
I'm no eBay expert, but I have sold and bought from eBay for some time. My view on whether to reveal your reserve price to a potential bidder is this. If they would ask directly I usually tell them, but I do not make that response public to everyone. Furthermore, when it comes to the bidding psychology on eBay, an auction that has not met reserve has not really taken off yet. For most people, as long as the reserve price has not been met, the item is not truly available. Only when the reserve has been met, then the bidding frenzy starts. That is the reason why your previous no reserve auctions has done well because every bidder knows that he can be the winner, unlike when there is a reserve, even if he is the highest bidder but the reserve has not been met yet, the item is still not his. I hope this response is of value to you and help you become a successful eBayer.
• United States
19 Feb 07
Yes, this was very helpful. You gave me just the information that I was looking for.
19 Feb 07
To be honest I don't see any problem in saying what the reserve is on an auction. If you have a clear idea of the reserve price you can work out your budget and decide whether to bid. The minimum reserve is £50 so the items should at least go for that. Let the bidders know the reserve price and see if they come back to you with a bid.
• United States
25 Feb 07
Very good suggestion thank you.
@Sasselle (698)
• Australia
19 Feb 07
I take it that you are in the USA as I didn't think anywhere else allowed reserve bidding these days [except on larger items like cars etc] I couldn't find anything on the main site after having a quick squiz but i always thought that it was illegal for buyers to ask what the reserve price is. I may be wrong on this though. Without knowing what it is that you are selling etc I can't help you much more. If you need anymore help then head on over to the forum section under help in ebay. The people there are always extremely helpful and a lot of people use personal experiences to help so it's a lot better than just reading something off the screen. Good luck!!
• United States
19 Feb 07
I am selling some electronics items for her. I did not think of the forum at ebay as I always come to mylot when I have questions or need answers. Thanks for the little reminder.
• United States
20 Feb 07
Make them bid. I'm a firm believer in the rules of ebay and conducting an auction properly. You won't get into any problems that way.
1 person likes this
• United States
25 Feb 07
This is exactly what I am trying to avoid thank you for your suggestion.
• United States
19 Feb 07
When asked what the reserve is I tell them. I only have the reserve set to earn a certain amount. I always ask the reserve price when buying something. They always tell me. Then I choose to bid or not. It is better this way.
1 person likes this
• United States
19 Feb 07
Ok, this helps. I just wanted to make sure that I was not breaking any rules if I did tell. I also wanted to see if it would hurt the auction since I am doing it for a friend.
• India
19 Feb 07
Good, If you set a reserve price so you must not disclose it.
1 person likes this