Recently, I started a low volume eBay business reselling used intermediate and professional (not student level) musical instruments using the auction form of listing. It seems that quite a few sellers in this specialty place a low starting bid of $1.00 when auctioning a high end musical instrument procured at a cost of $900 or greater. However, I do not understand how they can run the risk of incurring a substantial loss should the winning bid be significantly less that the cost of procuring the instrument. How can you run a profitable business while assuming this much risk? Thoughts anyone?
Orignal From: Auctioning Musical Instruments with Low Starting Bid
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment