What is a Minimum Bid?
A minimum bid ensures that if the highest bid falls below your minimum price, CopartDirect will act as your agent to work with the buyer to get the highest sale price for your car. We will also call you right after the sale ends for final approval on the highest price. If you choose to put a minimum bid on your vehicle, we will compare it to similar vehicles we’ve sold to make sure your minimum price is comparable.
Google assigns every keyword in your account a minimum bid, literally the lowest amount you can bid for that keyword. Minimum bids are really the crux of the Quality Score universe. High minimum bids punish irrelevant advertisers and reward those that are super-relevant. But how does Google calculate this minimum bid? Here are the 6 factors you need to know about minimum bids: • Your keyword’s historical click-through rate (CTR) on Google. • Please jot this down – CTR on the search network (i.e. AOL, Ask.com, etc.) is not a factor in your minimum bids. Only the CTR of your ads on Google.com! • Relevance of your keyword to the ads in that ad group. • If I’ve told you once, I’ve told you a thousand times – create tightly themed ad groups and write ads that contain your keywords! • The quality of your landing page. • This is PPC 101. Send your click traffic to relevant landing pages. “Quality” landing pages contain the keywords you’re bidding on and are focused on user experience. • Accou
Like any auction, FMV Auctions begin with a published “Minimum Bid.” In a RESERVE Auction, the opening bid is NOT necessarily an amount the Seller will accept, instead it is a test of the market for that property. In a RESERVE Auction, the key is the actual RESERVE PRICE – as with all Reserve Auctions, the Seller’s Reserve Price is hidden from view (for obvious reasons). However, once a bidder makes a bid that EXCEEDS the Seller’s Reserve, the Bid Box will indicate that “The Reserve has been Met – YES” and, as noted above, when the winning bidder submits their contract/offer, the Seller is expected to accept. IMPORTANT NOTE: Because the seller is unlikely to accept a winning bid which is less than the (hidden) Reserve Amount, if your max bid is less than or equal to the Seller’s (hidden) Reserve Amount, then your bid will be automatically increased to your maximum bid. This is done automatically as a service to help bidders know immediately if their max bid is going to reach the Seller
Related Questions
- Is there a minimum number of members that can make up a Consortium bid and is there any reason why it would be looked on unfavourably if a Consortium only had 2 members?
- My company has received a delisting notice for a compliance concern other than the minimum $1.00 bid price requirement. Can we still submit a transfer application?
- How is the minimum bid determined on a parcel?
