BIN Vs. Auction

[Nomad]

If you are selling a single unit (no copy exist), what is the best pricing strategy, BIN or Buy It Now or auction? How would you sell a product that is unique or antique, through a fixed price or through an auction?

 

[monster_masterpiece]

I think Buy it now would not generate enough revenue so I opt out to auction at least there is more revenue even if the platform takes commission from bids it is not a problem because this is their rights.

 

[Augusta]

You can go for auctioning where by the highest bidder takes it all. You can even generate more profit from it

 

[monster_masterpiece]

You can go for auctioning where by the highest bidder takes it all. You can even generate more profit from it

That is what I am referring too.

 

[Augusta]

That is what I am referring too.

The good thing about auctioning is that you can make more money if you have more people bidding for it.