Many new ebay sellers business consulting usually fall under the pricing lure. Both they price their things too large to be unsellable or they price any profits to be made by it too low. Some basic...
Some basic home elevators pricing. E-bay has three prices that can be established for a market.
The "Buy It Now" Value
Allow buyers to buy the piece at a fixed price immediately without waiting for the market to end. Effectively, it entails the market will end after it's a bidder. The sole exception is going to be in auctions.
The Starting Bid Price
Any auction will need a starting bid price. Here is the value set by the auctioneer when he/she first lists the market.
The Reserve Price
This is actually the business strategy value set by the auctioneer. Estimates will have to exceed or add up to the reserve price before it'll be offered. If an ends with the reserve price not being met, them won't be offered.
The "Buy It Now" and reserve price are optional on e-bay.
It is important that your beginning bid price be set low to attract buyers to your market. My suggest should be to set the beginning bid as $0.99 or lower. Usually of thumb, never set it more than $50.
What do you do then if you can not sell an item below a particular value? The answer is to set a reserve price. That way, you don't need certainly to worry about selling an item below your profit margin.
Also, it'll not affect your feedback rating.
Still another potential pricing situation on ebay is shipping. Many disagreements between buyers and sellers occur due to delivery cost.
My advice will be to not overcharge on shipping since many customers get shipping cost into consideration when considering an auction. Plus it is relatively simple for buyers to ascertain the shipping charge since ebay and many shipping companies such as USPS and fedex provide one.
It's fair for dealers to demand a little for handling charges since it take work to package them and also postage costs. Most customers would comprehend however if possible, attempt to expel handling prices with the exception of heavy and big items.
It is also crucial that you first learn the typical selling price of your item before even listing it on ebay. This may tell you the starting value you should record and simply how much is the ending bid.
Probably the most simple way would be to press release writing search through the real history of the item you're likely to list on ebay. You can get a feel for how much your product is worth and even establish the starting bid by checking other sellers' products.