One question that Ive had asked to me as a former eBay Powerseller is what price you should start your items. Mostly, they want to know if its better to start your items low to encourage bidding or if you should start them for the price you want to get for the item.
It really depends.
There are a lot of factors to consider. First you need to know how popular the item is. If youre selling Ipods where the market is red hot and theres a ton of demand, youre probably going to get a lot of bids. If youre selling typewriters, where the demand is substantially lower, then you may only get a few bids.
My advice in markets where there isnt a lot of demand is to start your auction for the price youd like to get for it.
You may be wondering why youd want to start your item low in the first place if you can just start it for the price you want. There are two main reasons. The first is that by getting more people bidding, youre more likely to get people emotionally involved in the purchase of you item and get people who get caught in the heat of the moment and bid more than they were going to. The other reason is simply because the fee eBay charges to list a...
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