Many people starting out in auctions have this question to ask. What is the best time for an auction to close? Best here means the time when traffic is at its peak hence the ability to fetch a good closing price.
Know that traffic is generally lowest during the weekends and public holidays. I think most of us who owns a website or blog know this internet surfing trend. So this is definitely not a time for an auction to close.
On the other hand, if you are a buyer, this is the time to shop.
An auction has a chance for a better closing price in the morning from 9am till noon. The buyer will most probably make payment on the say day as well.
Traffic is most probably highest in the evenings of weekdays from 10pm to 2am and beyond. You may receive a higher closing price but these are the hours of joybidders too, so beware.
Know that traffic is generally lowest during the weekends and public holidays. I think most of us who owns a website or blog know this internet surfing trend. So this is definitely not a time for an auction to close.
On the other hand, if you are a buyer, this is the time to shop.
An auction has a chance for a better closing price in the morning from 9am till noon. The buyer will most probably make payment on the say day as well.
Traffic is most probably highest in the evenings of weekdays from 10pm to 2am and beyond. You may receive a higher closing price but these are the hours of joybidders too, so beware.
0 comments:
Post a Comment