I was reading about this interesting auction coming up for computer items in relation to that computer company NCIX going bankrupt. Apparently a company called AbleActions is going to be auctioning everything off too. I usually don’t find these types of things worth it as everyone seems to overbid making it virtually just the same as buying retail. One thing that stuck out to me was how it said they won’t approve first time users on its site to register for the event.
It kind of made me think of the notion of having minimum purchase prices or very high ones in various businesses. At times it can make sense as this way you can better control exactly the type of people who are more likely to buy from you. Because many times like this I can imagine it is more work having to monitor and cater to people who only want to watch.
I suppose in many ways it’s more about if you want to grow beyond say one specific identity. I would imagine if you were like an online shopping site that sells general items it would kind of be silly to say you only want people who always spend $100 at minimum. This is versus a product specific site where you only want people that understand your product.