There is a chain of used sports equipment consignment shops (Sports Junkies) in Vancouver BC that uses this approach very effectively. They print a price tag that shows the price dropping (I think 10% every 2 weeks). Great because a customer can look at the tag and compute when the item will reach the price they are willing to pay. This lead to a lot of regular customers.
Chris --- Angelo Coletta ruotangelo@yahoo.com wrote:
Another idea is the dutch auction where an item is presented with a high price and then the price is dropped gradually. Theoretically, it would sell at market value. Angelo
Chris Wells (Head Mechanic & Email Handler)
re-Cycles Bicycle Co-op 112 Nelson St. Ottawa
Open 6pm-9pm Tuesdays & Thursdays
info@re-cycles.ca http://www.re-cycles.ca/