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SANJAY KUMAR's Articles in Business

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  • START WITH THE LOWEST BID POSSIBLE AND AVOID RESERVE BIDS
    Many sellers are terrified of starting their auctions at $.01 and not having a reserve price. They are afraid that if they do this then the item that they're selling will sell for less than its worth. First of all, an auction is capitalism at its best. Whoever is willing to pay the most gets the item. Basically, whatever the highest bid ends up being IS what the item is worth.

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