Tuesday, July 27, 2010
10 Steps for Successful Selling on eBay
1) Low starting PriceBefore you list your auction, ask yourself what's the lowest amount you'd be prepared to accept for your item. A low starting price will attract more bids and at a quicker pace - usually within the first day of the listings. Research shows that a 99 starting price will get you bidders within a few hours. Many vehicles and high value items are sold with a low starting price especially by established Power Sellers - because unless it's an extremely poor week the item will normally end up with heaps of bids and at a cost that's acceptable to the seller.Additionally users are more likely to view auctions which already have a successful bid as it generates interest in your item. It's like if you see a market stall with hundreds of people standing around it - your curiosity would tell you to stop and see what's generating interest. Use curiosity to your advantage.To list an auction items with a starting price between 1 - 99, it will cost you 30, then its 50 for items over $1, then 75 for items starting over $20 etc. Check out the exact sellers fees on eBay.2) No ReserveMany sellers still place reserve prices on their item. A reserve price is one which unless it is met by your sellers you are not obliged to sell the item. An example would be if you have a reserve of $10, and your item sells for $9.00 you do not have to complete the sale
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