Thursday, November 13, 2008
Ebay Pricing
Pricing your items can be quite a challenge. For one thing, you want people to bid. If the item is too low, people may not think it is a quality item, too high people won't bid. Also if you have a cheap item, is it worth all the ebay/paypal/shipping fees? If you know that people are going to look at your item (not an obscure item only two people in world have heard of) and that there is interest in your item (past completed items have lots of bids) than I say price low because when someone places a bid, they get interested in that item and more involved. Whenever I place a bid I want the lowest, but than I think more about the item and decide that I want it much more and put a higher bid than what I would really want to pay. So many times we've had high starting prices, no bids than relisted those items with lower starting prices and selling the items for much more than our original high prices that did not get any bids. Very interesting
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