eBay Newbie Tip For Selling - Warning, hold Prices Could Be Killing Your Sales

To reserve, or not to reserve? that concept has probably crossed your mind many times as you gear up to put your items up for auction. It is a tough decision indeed, especially for new eBay sellers. Many are still uncertain about this pricing selection and frankly don't know how and when to use it. But worry not, because in this narrative we will be talking about the benefits and disadvantages of reserves prices as well as tips to remember when setting up your eBay auctions.

eBay Newbie Tip For Selling - Warning, hold Prices Could Be Killing Your Sales

For sellers who are still dipping their toes into the eBay world, maintain price means a minimum price your are willing to sell your item for. It basically says that bidders must meet that whole you set before you are obliged to sell your item.

Lets Elaborate. Say you own a necklace and you want to sell it for at least . You don't want to put your starting price for because you know that could scare away possible customers. High starting prices are very discouraging to buyers, they are already grumpy adequate having to spend money and looking as a starting bid makes them grumpier. Rather than risk that, you can set your starting bid at , or any whole lower than your maintain price. You can then enter a maintain price of . What this means is that bidding will start at a lower price as usual, but unless your price of is met, you won't be obliged to sell your necklace.

Lets Look At Some Benefits Of A maintain Price

Reserve

By setting a maintain price, you don't risk selling your item for a lesser value. eBay refunds the extra fees for setting a maintain price if your item sells. The maintain price can be changed even after buyers start bidding on your item. You are given a second occasion offer if your maintain price isn't met the first time.

Most eBay beginners look at the benefits of maintain prices and mistakenly assume that they should apply it in all of their auction listings. The truth is that although it acts like an insurance policy, they are categorically hurting the chances of you selling your item.

Back in eBays early days, the store was working so well that the respond to using a maintain price was always no. It was a dark mysterious fog that would float over the eBay store and cause buyers to scamper off, eying you with uncertainty as they slammed their wallets fulfilled, and shoved them down into the darkest depths of their pockets. Even today, it still causes stirs and skepticism. If you talk to any veteran jobber on eBay, they will tell you to never put maintain prices in your auctions because it scares away buyers. Buyers see the maintain selection price and flee because they hate the guessing game. Bidding wars themselves are demanding, so they don't want to waste their time bidding on an item that they might not even get, even if they won the auction. There is a lot of truth to this, because I once struggled to sell my artwork after putting it on auction 5 times with a maintain price. Ebay charges you an additional .00 with the original listing fee, so if your maintain price is met, the .00 is refunded. If it isn't then you have to pay the required fee. It might not seem like much but over time, it will add up.

After struggling to sell my item, I heeded the guidance of many sellers and took off the selection to maintain my price. I set my starting bid at because I wanted my artwork to sell for at least . Calculating cost of art materials, canvas, effort, and time. I put my artwork up for auction and waited to see what happened.

My artwork only sold for . All that time and effort I put into the artwork, and it only sold for a much lesser value than I wanted. It is a disappointing feeling, and I'm not the only man this has happened to. Many new eBay sellers find themselves going straight through the same thing. You set Your starting price low because You don't want to scare off buyers, but in the process You end up doing what You dreaded. Selling Your item for a much lesser value.

You were told not to put a maintain price on your item, and you didn't. Yet you ended up selling your item for a lesser value. Seems like a lose lose situation right? Not really. You see, just like all else on eBay, there are tips you should remember when setting maintain prices for your items.

Only set it if your item is rare, or unique. Buyers are willing to overlook reserves if the item they are buying is one of a kind. You might want to make your maintain price illustrated to let your possible buyers see what they are expected to pay as a minimum price. If you convert your mind on setting a maintain price. You can start your bid at your minimum price, although it might discourage some buyers. If you have sold similar items. Use those prices and set your minimum prices accordingly.

Keep these tips in mind, they should help. But remember, you will ultimately have to test things out and see what works best for you

schoolsosad

Tuesday, January 8, 2013