Sedo Pricing #@!!#1@!!
Next up, I have a few questions on pricing strategy on sedo. I have Cats.pro and KY6.net both listed at sedo. I am going to send very brief notes to somewhere between 50 and 100 "Cat" companies.
First of all, even though I've been selling (trying to sell) on sedo for 18 months and have read and reread their pricing rules I'm still not 100% clear on them. For example, if my asking price is $5000 for Cats but I would accept $800 as the starting bid, the only number that shows up in the listing is the $5000. If I was new to auctions, clicked on Cats and saw $5000, I would turn around and leave. I don't think that they make it clear at all that lower bids are acceptable. As far I know, the $800 is not mentioned at all.
Another option is to leave the price open and have it listed as a "Make Offer." Well nobody likes to see those, at least not in my experience.
IMO, the idea is to get a bid, any bid, to get the listing to go to auction where it will get some attention.
1 - If I set a low "Price" to lure in a bidder, there is no negotiating. If someone meets that price I am obligated to sell.
2 - If I set a "Minimum Price" (and nothing else), it is not shown in the listing. Again it only shows "Make Offer"
3 - And if I don't enter any pricing information, once again it displays "Make Offer."
IMO ... the pricing should be displayed as in one of the eBay pricing options, that is to have an asking price or Buy It Now along with a starting bid. I see no way to do that on sedo. Either your Maximum Price is displayed or "Make Offer." And I think that either of those options can scare people away.
Help !!!. Any ideas ???
thanks
chas
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