posted on September 6, 2000 10:22:41 PM
I keep seeing reference to "1st bid strategies." What is this? Is this an actual option on Yahoo (if so, I don't see it -- where is it?) Or, do I just set the buy price at the same price as the auction price? thanks!!
posted on September 6, 2000 10:57:29 PM
Use search on Y and enter Bid Wins This will call up about 30,000 auctions that now use this approach.
You can also check my auctions which are all 1st Bid Wins. My use is evolving but presently I add- 1st Bid wins - to the title, include a statement explaining the concept and set my opening bid and the buy price as the same amount. Others use variations that can be seen by looking at listings. Hope this helps. My Y ID is the same as here.
"First Bid Wins" has NOTHING to do with "10% OFF to the first bidder" like Amazon Auction has.
EVERYONE PLEASE DISREGARD HIS REFERENCE TO 10% OFF. It's an unrelated concept.
"First Bid Wins" simply means that the opening price and the "buy price" are IDENTICAL. The first bid of AT LEAST the opening amount will close the auction at the opening, or buy price. The bidder can pay NO LESS and NO MORE than the "buy price" to win.
When the opening price is LOWER than the "buy price", the high bidder can win at his bid UP TO the buy price amount.
