Auction help

[Razor03]

Hi, newbie here, can someone explain me some things on how to do domain auction here, cuz there are some things that I dont know, like BIN what is BIN and how to put it properly, and what are the best starting price and how to put increment properly..

 

[dande]

The most effective starting price in this forum auction is $1. It helps draw out bidders and encourage bidding wars. However, it do backfire most of the times, making you to lose valuable domains, sometimes, for just $1.

So, start your auction at the minimum amount you're willing to sell it for.

 

[King]

BIN stands for 'buy it now' it means whoever pays that price will win the auction.

Starting price and BIN is up to you.

 

[Razor03]

Okay, thank you sow much for the answer.

 

[Razor03]

Wow, just like what ive thought after observing some auctions, quite scary to loose a valuable domain for $1. Thanks for the info.