Quote:
Originally Posted by jtfrogger
I put in stink bids all the time on eBay.
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As long as you do it "right", then no problem.
Back when I sold a lot I had a certain item I would sell a lot of. The selling price was usually near $200, so I would start the auction at 99¢ with a "buy it now" of $200. Unfortunately the first bid would kill any chance of somebody using the BIN; but I had one bidder who would always bid that 99¢ within minutes of my auction starting, and never bid any higher. He would do the same thing to other sellers who were selling the same item. I finally had to block him; because he was in fact wasting my time and money.
Yes, I know that one could put some blame on me for starting the auction that low. But one of the best things about eBay is letting the market determine the selling price. Of my normally $200 items, my lowest one went for $110, and I had a few that ended up going for over $300. Plus I find a lower start price gets you more bidders.