One question. If you auction 2 identical Macbook on Ebay at the same time, which one will yield higher price ? the one set up with a no reserve auction or the one set up with a 1000$ reserved auction ?
My gf has a business selling old records on Ebay. She has sold thousands. Now.... this is a completely different product than NEM, so we should consider that. But she will set the price at half of what she wants to sell it for. Her method is to show a good product at a very cheap starting price. (she doesn't start it at 0 because she wants to know she will at least get some money) Lots of people click "watch" and this is her goal. Once they have clicked watch and it is close to the end of the auction the bidding will start. A few people will bid at the low price just because it is so low and they want a good deal. But once the bidding starts, it creates a group movement and other people will bid, and once a person has bid at a low price, then they will be more likely to bid again higher once somebody has outbid them. The key to her strategy is getting lots of "watchers". I think NEM definitely has that going for it in that it is definitely on the radar of the community.