I want to get End Users to begin bidding on a domain name on Sedo.
The Name is Parked at Sedo.
My Question is....How is the Reserve Set?
For example...right now in Domain Management I have "Make an Offer" and "Minimum Offer" of $295.
Am I correct that if someone makes an offer below my "Minimum Offer" of
$295 of let's say $100, the Auction does not begin until and unless I push it to Auction and then if I do push it to Auction, the $100 becomes the Reserve?
and
Am I correct that if someone makes an offer at or above my "Minimum Offer" of $ 295 of let's say $300, the Auction begins immediately because the Reserve was met and the final bid could be higher?
Would it be a good idea to tell End Users in my E-Mail that the Reserve is $295?
or
Should I let them bid and tell them after they bid too low?
The Name is Parked at Sedo.
My Question is....How is the Reserve Set?
For example...right now in Domain Management I have "Make an Offer" and "Minimum Offer" of $295.
Am I correct that if someone makes an offer below my "Minimum Offer" of
$295 of let's say $100, the Auction does not begin until and unless I push it to Auction and then if I do push it to Auction, the $100 becomes the Reserve?
and
Am I correct that if someone makes an offer at or above my "Minimum Offer" of $ 295 of let's say $300, the Auction begins immediately because the Reserve was met and the final bid could be higher?
Would it be a good idea to tell End Users in my E-Mail that the Reserve is $295?
or
Should I let them bid and tell them after they bid too low?
