$1 reserves are crazy, you will get lots of interest from people that don't have the money to buy it. Its like real estate agents selling (or rather not) houses 'from $350k' when they really mean they promised the seller $430, the house is worth $395, and they say ' but 350k will stimulate more interest'.
Yeah it might, - but with buyers who have 350, maybe 360k. None of the 350k buyers can stretch to what the seller wants & the ones that can; think Gee I'm getting fleeced buying this 350k house for 400k.
You're doing the same marketing a bike like that.
Most people want to see a price & go yeah I could afford that, but what if I could talk them down a bit? Bargain!
Don't you look at my accountant.
He's the only one I've got.
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