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Auction Tips and Tricks #3: Use Realistic Starting Prices

If your starting bid is too high, you may scare away potential bidders. Consider starting low to attract more engagement, especially for used or refurbished items. The competition will naturally drive the price up — that’s the beauty of auctions.

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Tafit Tech Limited is a Trinidad and Tobago-based digital innovation company focused on Web3-powered auction platforms, NFT memberships, and blockchain-based financial solutions. Our flagship service, Tafit Auction, empowers users to list, bid, and earn using local currency (TTD) and tokens (TFT/TTD).

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