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Starting Price
| This can be a contraversial subject. |
| Many people believe in starting your auction at the lowest possible price |
| in order to attract more bidders. |
| This can be effective in some cases, however you need to be |
| prepared to sell your item for this price if you only get 1 bid. |
| Can you do that? If not. This is not a good fit. |
| |
| The second option: |
| Fall back on your Research again. |
| Determine what your item has sold for in the past & what |
| those sellers started their auctions at. |
| What worked for them? |
| |
| Most Importantly! |
| Make sure you are comfortable with your starting price |
| being your potential selling price. |
| Unless you have a Reserve in place, there is a |
| distinct possibility that this starting price will be your |
| final price. |
Buy It Now
| This feature has become very popular with buyers. |
| |
| Not all buyers want to wait for your auction to end. |
| They are willing to pay a premium price to get your item now. |
| |
| Determine what you feel is a very good price that you would be |
| extremely happy with & go for it. |
| |
| Buy It Now is currently FREE but please check the Ebay website to confirm: |
| |
Ebay Standard Selling Fees
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| |
| Things can change quickly at Ebay so stay on top of it. |
Reserve Price
| The Reserve Price allows you to set a minimum price |
| that must be met for your item to sell. |
| |
| Current Pricing: |
| |
| $3.00 for a Reserve Price under $149.99 |
| or |
| 2% of Reserve Price with a Maximum of $100 |
| for a Reserve Price over $150.00 |
| |
| Please see Ebay Site directly for updates or changes. |
| |
|
Ebay Standard Selling Fees
|
| |
| Reserve Prices can work for you or against you. |
| Some buyers simply would rather not deal with it & move on. |
| |
| We have found that setting your Starting Bid |
| at the price you need can be more effective. |
| |
| This decision is in your hands. |
