What is "No reserve" on ebay? and should I do no reserve if the bidding doesnt get to what I want?

Question

What is "No reserve" on ebay? and should I do no reserve if the bidding doesnt get to what I want?

Answer 1

no reserve just means that there is no highest bid until the time runs out..if that makes sense if you do no reserve then they can bid lower than what you expected and then they only pay what the highest bid got to in the amount of time....if you have a reserve they have to at least meet your price and then they start bidding from there

Answer 2

If you don't have a set price you'd like to sell the item for, that's what you put. If you have a set price, you put a reserve. If no one bids that amount or higher, you keep the item and can try to sell it again at some point after the auction is over. That's all it is.

If you wanna get rid of the item, forget the reserve stuff. Using it will probably delay the process of the item being sold and you're still spending some money to replace it on auction.

Answer 3

No reserve means that no matter what the person bids, it has to be sold at that price.  If you want to make sure you get a certain amount before letting it go, then you need to set a reserve of whatever amount you require.

Answer 4

no reserve means there is no minimum set so you can bid whatever you want. if you want a certain amount, you need to set a reserve because if there's no reserve and you don't get what you want, you have to sell it for that price anyways.  

Answer 5

it means there is no minimum bit on the item :)

Answer 6

1. rezerv=minimum pries.  It nowon bid nuff $, it dont sell.  seller take it bak.

Answer 7

As a seller, you can set a reserve price when you first list the item.  For example, suppose you have something that you want to get at least $50 for.  You could, if you want, set a reserve of $50.  People can bid less, but you'd be under no obligation to accept their bid.

If you are certain that you have a very hot item, you could forget about setting a reserve.  Start the bidding at some lower price, then let people bid to their hearts content.

Many buyers (myself included) are annoyed by reserves.  It seems to me that if someone really wants to be sure they get $50 for something, they should just start the bidding at $50.  Don't waste my time by allowing me to bid $35, only to find that I'll never win anyway.

I once spoke to someone about this who was selling an expensive item (it eventually sold for $1,700.)  He said he set a reserve so he wouldn't have to sell it for $1.  He didn't seem to understand that he could have started the bidding at, say, $1,500 -- which would have been very reasonable, considering what he was selling.  But, everyone has their own opinion on this.  My advice would be to see what similar things are selling for, and if there's been active bidding on such things in the past, there probably will be on yours too.  So start the bidding at a tantalizing price, and let people start competing with each other to see who will "win" by giving you the most money.