2006-11-26 10:06:27 · 3 answers · asked by aninjashinobi25 1 in Business & Finance ➔ Corporations
depends what it is and if anyone wants it.. you can put a reserve on it if you dont want to lose money
2006-11-26 10:09:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That depends so much on what the item is. If you're setting the minimum bid at $19.99 you are going to discourage people who like to get in low bids, and they are often the ones who start the ball rolling and help to drive the price up. If, however, you dont' want to take a chance on getting less than $20 for your item, it should be okay. But it's really hard to say without having any idea of what the original value of the item was.
2006-11-26 18:15:46 · answer #2 · answered by old lady 7 · 0⤊ 0⤋
you need to always start with a bargin price. if you have a high demand item .01 is ok, but start with a higher minimum if you think there may be few bidders
2006-11-26 18:19:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋