How To Value Your Item Properly On Ebay

Numerous new ebay sellers usually fall into the pricing trap. Either they price tag their items also high to be unsellable or they value it too low to make any earnings.

Some basic data on ebay pricing. Ebay has 3 prices that can be set for an auction.

The \Acquire It Now\ Price

Permit bidders to buy the item at a fixed price quickly with no waiting for the auction to finish. Effectively, it also means the auction will end once it has a bidder. Dig up more on our related web resource by clicking Cost for 'Free' Shipping Included In Price of Online Goods, Augusto Beato Tells Buyers. The only exception will be in dutch auctions.

The Starting Bid Value

Any auction will need a beginning bid price. This is the price set by the auctioneer when he/she first lists the auction.

The Reserve Price tag

This is the pre-determined cost set by the auctioneer. Get further on a partner article directory by going to http://markets.chroniclejournal.com/chroniclejournal/news/read/37260102. Bids will need to have to exceed or equal to the reserve cost ahead of it will be sold. If an auction ends with the reserve value not becoming met, the item will not be sold.

Each the \Buy It Now\ and reserve value are optional on ebay.

It is critical that your beginning bid price be set low to attract bidders to your auction. My advise would be to set the beginning bid as $.99 or lower. As a rule of thumb, in no way set it higher than $50.

What do you do then if you cannot sell an item below a certain value? The answer is to set a reserve price. That way, you do not have to worry about selling an item beneath your profit margin.

Also, it will not affect your feedback rating.

Yet another potential pricing problem on ebay is shipping. Most disagreements in between buyers and sellers take place since of shipping cost.

My guidance would be not to overcharge on shipping since most buyers take shipping cost into consideration when looking at an auction. Also it is comparatively easy for buyers to determine the shipping expense considering that ebay and most shipping services such as USPS and fedex supply 1.

It is fair for sellers to charge a tiny for handling charges considering that it take work to package the item and also postage charges. Most buyers would comprehend even so if achievable, try to eliminate handling charges except for large and heavy items.

It is also important to very first discover out the common selling cost of your item before even listing it on ebay. This will tell you the beginning price tag you must list and how considerably is the ending bid.

The most straightforward way is to browse via the history of the item you are preparing to list on ebay. You can get a really feel for how considerably your item is worth and even determine the starting bid by browsing other sellers' items..