Would you bid $0.01 (1 penny) to find out what marketing book I'm reading?
I've been going through the feedback I got to the last pre-auction poll I ran in this community. Frankly wasn't enough interest to run that auction, which was for a course to teach you how to run auctions (I know, very meta). Still, I followed up with folks who said they would bid $1 on the auction. I wanted to find out why they offered to bid, and if they are genuinely interested in learning more about auctions. I got lotsa answers. One thread I found was that folks, even though they may be interested in auctions, seemed to doubt they themselves could pull off an auction, either with their own audience or with a partner. So I had an idea. What if we had a playground, a sandbox, where folks could run fun, low-stakes auctions, both to get experience and to prove to themselves they can actually do this? There would have to be guardrails in place to make sure the auctions stayed low-stakes and fun. I was thinking the bidding could start at $0.01, and only go up by a penny, or a nickel, or a dime. Maybe there would also be a tight time limit, like 5 minutes? For the bidders, the point here would be to have fun bidding, more than, "Let's buy really serious stuff." For the auctioneers, this would be an opportunity to practice running an auction without stress, and to get experience coming up with a tiny but still sexy offer. As for what those tiny but still sexy offers could, there are lots of possible ideas, and I'm open to all of them. The thing that came to my mind would simply be a single bit of information. For example, in response to my email yesterday (and pretty much in response to every email in which I mention a book I'm reading without naming it), I got a reader writing in: "Is it possible for you to share the name of the book you're reading, please?" Hell no. Not for free. But for a penny... maybe we could talk about it? So let me ask you: Is this "Penny Auction Playground" a dumb idea? Would you come spectate? Would you even participate? Would you bid? Would you run your own penny auction?