krystal_leighton
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Lots of sellers also hike shipping costs - and that's where they make their money. Crooked ones anyway. |
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marketingexpert
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They probably expected it to sell for more.
They rolled the ebay dice and lost. |
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NunZ7777
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they got to start somewhere |
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Donkey
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They will kill you with shipping charges or a reserve price. |
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B Z
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They have reserve prices that have to be met in order to sell. These are preset amounts by the seller. Most will start out @ 1cent because it entices more bids and can start bidding fueds. |
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<3
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they dont want it |
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joedeshon
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There are several answers to this question. Sometimes they do that for items that they know will draw a lot of bids. It's a way of testing what the true market price of an item is. Sometimes they start the bid that low to attract attention, but they have a reserve price (which is hidden from the bidder) that guarantees that they don't have to sell the product until it reaches that price.
A more likely scenario is that they make money on the shipping. (This is legal, but not necessarily ethical.) Some people charge so much for shipping that they make money on the product even if it actually sells for a penny. |
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blakereik
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Because they are not expecting the item to sell for $.01. This is the cheapest way to list as far as the listing fees go. |
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mr_peepers810
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because they either want to really get rid of it, want to stab you in the back with shipping costs, or want to scam you. |
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tomparskate
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aparently it costs more to put it on ebay the more your starting price is.:-) |
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The Archive
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Well, there is two things. That .01 is to get your attention, but the seller has a minimum meet price.
Until that minimum is met, no deal. |
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The World Traveller
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YOU NEED TO HAVE A EBAY SHOP TO BE ABLE TO START WITH 0.01 OTHERISE STRTING MINIMUM IS 0.99 |
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cubes
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Most (not all) of the seller are selling at $0.01 for an item, but usually charge an insane amount of shipping to offset the product cost.
There will be much more activity or more bids, because of the starting bid at $0.01. You can do a search, buyers tend to bid on item that starts at $0.01 over higher starting bids. Most of the time, when it gets closer to the close of the auction, the item will meet the seller's minimum requirement price. If it doesn't then they can delete the posting and repost the item. They only lose their posting cost.
Sometimes you have read carefully, because what they are selling may be the information ONLY and NOT the actual item.
For examples, you'll find many sellers on Ebay that sell coupon or coupon code. To them there is no cost and their cost for shipping is ONLY $0.39 for postage. |
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Rashanka
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Half the time they're scammers. Well, not in the traditional way. They'll try and make a fortune off of shipping without actually listing it. If they're actually honest people, then they're trying to get rid of it because their community laws won't allow them to through it away and so they have no other choice. 8) |
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b4freedom
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For the same reason that some companies have 100% rebates, or "Free after rebate" promotions. |
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frameking
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It's an auction. You need to look at the final, selling price to determine if they are actually selling the item for .01 or just starting the bidding there. Sometimes people start the bid there to encourage people to bid, which then ends up driving the price up. |
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