A few days ago I listed my first website on Flippa. I was expecting to get at least $900 for it, but have read a few articles about setting low reserve price as a strategy to get more bidders and attention.
So I created courage and set a $1 reserve price.
I'd like to know from you: if this is really a good strategy?
On the last 16 hours of auction, the highest bid was of $150 and there were 46 watchers. My listing was cancelled because of some unaproppriate buyer behavior on the comments section.
Maybe luck to me?
Or do you think there was a chance for the bid war to still happen?