Quote:
Originally Posted by icurnmedic
Particularly when they start out 25% too high, lol.
All kidding aside, deal with Fred frequently,on auctions, could not ask for better service and communication.
Thomas
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Touche'
But that is a somewhat viable selling technique. The seller will start something off at a relatively high price, and then each day (or other designated time period) thereafter, they keep dropping the sales price by some fixed amount or increment until someone finally buys it. The trick is that it gets a buyer possibly paying more than expected because they don't want to wait too long to get a lower price, only to have another person step in and buy it out from under them. I think the term they use for that technique is a "reverse auction".