On eBay, pricing is the key to selling your items:
Pricing the items you want to list on eBay can be difficult for those who have never done so before. List your items too high and you will not receive any bidders. Score your articles too low, however, and you run the risk of not making any money – or worse, ending up in the negative. If your items are still priced incorrectly, you may end up with little or no business, or with cash at the end of the day. Pricing your items correctly up front can dramatically reduce how often this happens.
When you’ve done your research and know what items are popular on eBay, you need to know what items you are looking for and their average selling costs. Otherwise, you need to research the most popular items on eBay by category, narrow down the products you want to sell, and determine the average final selling price for each item that interests you. When you have a general idea, you can start looking for where to buy the item.
Buying items for resale on eBay can be tricky. You don’t want to spend too much money up front and risk having excess inventory that doesn’t sell, but you also don’t want to spend more money on each item by buying less at a time, which leaves you with a smaller profit margin. . The best solution is to find an item that you want to sell for at least half the price you want to sell it for. This gives you a lot of leeway to make money, without setting your starting bid too high.
When you list your items for sale on eBay, mark them as low as possible so that you can break even. This includes your final value fee, listing fee, and shipping fee, as well as the total price you paid for an item. If the item you are selling costs you $ 50 and the additional cost, including eBay fees, is $ 10, the absolute lowest starting price for your item should be $ 60. That way, if only one person bids, you will at least hit the breakeven point of the deal.
If you are feeling a bit risky, you might even want to list your item slightly lower than your total costs. If you start your bid lower than other auctions for the same item on eBay, you will get more visits and therefore more bids. Many sellers are often reluctant to set their starting bid too low, but the sellers are actually the ones who are probably seeing the most money for their auctions. Buyers are drawn to what they think is a deal, and once they get caught up in a bidding war, it’s impossible to say how much the final price could soar.
Be careful not to set your starting bid too high, or you could actually drive out potential bidders. Bids that start near what the item’s final price should be, or bids that are significantly higher than the starting bids for the same items from other sellers, are much more likely to pass without any offer.