Sitemap    

Articles

eBay Success Pricing Your Items Effectively

Numerous new sellers don't realize the importance of pricing when it comes to eBay auctions. Some new sellers don't even realize that 'pricing' needs tobe done. eBay is an auction site after all! But eBay auctions are not quite the same as the auctions you attend in the offline world. In fact, quite a bit of thought should go into determining and setting your prices. Essentially, there are only three prices that can be set for an eBay auction: the 'buy it now' price, the reserve price, and the starting bid price.

Of these three, the starting bid price is the only one that is required for an eBay auction. The reserve price and the 'buy it now' price are optional. The starting bid price is somewhat easy - never set it to more than $50 or so - no matter what your item is really worth. This low starting price will get bidders to your auction.

Setting low opening bid prices creates the need for a reserve price. A reserve price is the absolute lowest price that you want to get for your item. You may sell the item below the reserve price, but you will not be required to. In other words, if you set your reserve price at $100, and your highest bid is only $50, you do not have to sell the item to the highest bidder.

You can close the auction without any negative feedback or repercussions. Set your reserve price at the absolute lowest price you are willing to sell your item for. Keep what the item is worth, as well as what it cost you in mind.

The 'buy it now' option will allow you to set a price, and buyers can buy the item immediately, without bidding, for that set price. This option can be used for any type of item, and it should be set to match your reserve, give or take a few dollars. This option is ideal if you have multiple identical items to sell. Shipping has a price, and potential buyers take this into consideration when they are looking at an auction. If you can see your way clear to offer free shipping, you will find that people are placing more bids. Make sure that your potential buyers realize that you are offering free shipping! Before setting any prices, you need to determine what the item is really worth.

The value of the item in different markets might be quite high. However, you are selling on eBay, and it is a different world altogether! Find out the price that similar items sold for on eBay before setting any prices. If it is a collectable, or a high ticket item, have the item evaluated to ensure that you aren't going to lose money!.

Michael Saunders edits http://www.internet-marketing-library.com/ Learn how a REGULAR guy from Nebraska made over $8,000,000 in just one year selling everyday items on eBay... http://www.michaelasaunders.net/recommends/ebaysecrets.html



Online Marketing






If You Want to Shoot for the Stars You Might Have to Jump - Your success in real estate investing is waiting on you, but in order to capitalize on it you have to take action.

Private Property Sales - The truth about realtors and real estate agents in South Africa When you are interested in a home for sale in South Africa, you may be wondering about the real estate agents and realtors and how they behave compared to ones where you live.

Real Estate Opportunity during Tough Times - Mark Evans and his wife Lynda were angry at how things have gone from bad to worse in real estate industry that sent some of their friends in the industry to the tip of financial loss.

Why The Monopoly Game Is Bad For Your Wealth - Monopoly is a zero sum game based on competition, based on a limited money supply.

Wall Street Where Money Grows - I often wonder if market reports matter when most investors are too busy and distracted to pay attention.

more...

© Copyright 2020, Adtrackplus.com. All rights reserved.
Unauthorized duplication in part or whole strictly prohibited by international copyright law.