Learn how to price your items correctly and become an Ebay success
After looking at a number of cases, it’s obvious that many new sellers don’t realize how important price is when it comes to running auctions on eBay. Many of them don’t even realize that pricing is necessary! Ebay is an auction site after all! But eBay auctions are not the same as the auctions you attend in the real world. In fact, quite a bit of work is required to determine and set the correct prices for the items to be auctioned.
Essentially, there are only three prices that can be
established for any eBay auction: the ‘buy it now’ price, the
reserve price and the initial offer price. Of these
three, the initial offer price is the only one that is
required for an eBay auction. The reserve price and
the ‘buy it now’ price is optional, but very useful. The initial offer price is pretty simple, never set it above $50 or so, no matter what the actual value of your item is. This low opening price will grab the attention of bidders at your auction.
Setting low initial offer prices, especially for valuable items, creates the need for a reserve price. A reserve price is the absolute lowest price you want for your item. You can sell the item below the reserve price, but it will not be
required for. In other words, if you set your reservation
price of $100 and your highest bid is only $50, you’re safe and won’t have to sell the item to the highest bidder.
You can close the auction without any negative.
feedback or repercussions. Always set your reserve price
at the absolute lowest price you are willing to sell
your article for. Always consider what the item is worth, too
like what it cost you, so you don’t lose money.
The ‘buy it now’ option will allow you to set a price,
and buyers can purchase the item immediately, without
bidding, for that established price. It’s more like a common shopping experience. This option can be used for any type of item, and must be set to match your reservation, plus or minus a few dollars. This option is great if you have several identical items to sell.
Shipping is priced and it’s important for buyers to know.
Most potential buyers factor this fee into account when looking for an auction. If you can see your way clear to offer free shipping, that’s great and you’ll find that people are making more offers. Always make sure your potential buyers notice that you are offering free shipping.
Before setting any price and going to list an item on Ebay,
you need to determine how much the item is actually worth.
The value of the item in different markets can be quite high. However, you’re selling on eBay, and it’s a different world.
total! It’s usually cheaper on eBay than anywhere else.
Find out the price similar items sold for
on eBay before setting any price and consider whether you will make any profit. If it’s a collector’s or high-ticket item, have it appraised to make sure you won’t lose money.