| If you are a seller on eBay one of the decisions you | | | | relatively low price to encourage a lot of bidding. |
| need to make every time you list an item is, what price | | | | If you have an item that you need to get a certain |
| should you list it at? Should you start high or should you | | | | price from, and you feel that you may only get a few |
| start low? What's the right answer. | | | | visitors to your auction, then you need to price it at or |
| The answer is, there is no right answer, it depends on | | | | close to the price you need to realize. If you believe |
| what you are selling, it depends what category it is in | | | | that your item will only get say a dozen visitors, then |
| and it depends what your goal is. All of those factors | | | | pricing it low makes no sense. |
| determine what the best way to list an item is. | | | | If you only get a dozen visitors, if you start low, you |
| The first thing to determine is, what is your goal for the | | | | may only get 1 or 2 bids. If your starting price is real |
| item you are selling? If it is just some junk from around | | | | low, with only a few bids, you will sell it real low. If you |
| the house that you want to get rid of, and you just | | | | have it priced pretty much where you want to sell it at, |
| want to get anything you can out of it, your choice is | | | | if you only get one or two bids, you will get your price |
| start it as low as you can. | | | | since the starting bid is your goal. |
| If your goal is to make a profit on items you have | | | | You do have to keep in mind the one generally |
| purchased specifically to sell on eBay, then you need | | | | accepted fact about eBay auctions. The higher you |
| to know your cost. You need to factor the cost into | | | | set your starting bid at, the lower the number of bids |
| your decision so that you can at least get your cost | | | | you will get. With a high starting price, you may only |
| out of your item and you don't loose money. | | | | need one bidder to get your goal. With a low starting |
| If your item is in a category that gets a tremendous | | | | price you may need 20 or 30 bidders to get your goal. |
| amount of traffic, you can price your item lower. If you | | | | Ultimately only you can determine the answer to what |
| have an item that does not generate a lot of traffic | | | | price works the best for your particular item. If you |
| then you should price it higher. | | | | have many of the same item to sell you can test |
| When you set a very low price on an item it creates | | | | different prices and see which one works the best. |
| more interest in your item and generates more bidding. | | | | Try one low, one high and one in between and see |
| If you think that you have an item that will generate a | | | | what you end up with. Over time, you will be able to |
| lot of traffic, if you think there will be many visitors to | | | | determine what works best and which strategy results |
| your listing, then you should be better off starting at a | | | | in the best profit. |