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Originally Posted by snakster  Interestingly (or not) this is a relist. He got no bidders the first time. So like any of us would do, he responds by....raising the price.
I had to chuckle at that one. Granted, I'm easily amused. |
That may not be a bad strategy. Reminds me of the (either fictional or highly embellished) story of the old lady selling beaded jewelry at the market. She priced her necklaces at $2.50 and was lucky to sell 10 of them in a week. Then she had to go out of town and asked her daughter to run her booth while she was away. Her daughter misread the instructions and wrote the price as $25.00. She sold 100 in a day.
People will pay more (and more often) if they think the item is really worth something (i.e. "a bargain" vs. "a cheap piece of jewelry"). Of course, I doubt that strategy will be as effective in an open market like eBay, especially given so much competition and information (like what it used to be listed for last time).
