1.4

How do I determine demand?


You can get a sense for demand by posting a "Would anyone buy this?" type of message, but that won't tell you what people are willing to pay -- it will only tell at a minimum how many people are interested. If you happen to get three people who say, "I'll pay up to $75 for it," there's a good chance you'll get $85 or $90 or more for it in an auction.

You can get a sense for what people are willing to pay by looking at the history of other auctions (assuming you watch the group regularly), but that won't tell you what people are willing to pay in your auction for your particular item -- it's only a rough guide.

The only way to be sure about demand is to actually go through with the auction.


8 Jan 96 [TSL]