Auction Question: Should I encourage people to bid $1 even after the highest bid is more?
I'm running an auction in my group of 50 people.
The current highest bidder is $1,900, with dozens of bids.
But I want more people to bid so I can leverage the bidders into sales.
Should I encourage people to bid, even if they can't outbid the winner?
For example: "Hey the winning bid is at $1,900, but as long as you bid at least a dollar you'll get a special gift from me"?
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2 comments
Aaron Krall
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Auction Question: Should I encourage people to bid $1 even after the highest bid is more?
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