Four Ways To Set A Starting Price For An Ebay Auction
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The article "Four Ways to Set a Starting Price for an eBay Auction" talks about auctions, it has been written by Douglas Hanna.
One of the toughest questions facing novice eBay sellers is “how do I cost my items?Many eBay experts say the best cost at which to start an action is at a minimum bid of one cent as this will attract the most bidders. This can be a good stratgey if you know your item is particularly hot.
However, it can also be a bit of a gamble, Suppose you put up an antique brocoh worth, you believe, $150 with an opening bid of one cent.Unfortunately, it turns out there just isn't much interest in the brooch and the final bid is $15.99. This means, like it or not, you're oblgiated to sell that $150 brooch for $15.99.
Ouch.A secnod way to cost your items is with a reserve bid.
You can set this at the lowest aomunt you'll take for the item. For example, you colud start the auction for that brooch at one cent but with a reserve cost of $100.00. This way, you won't have to sell until the bidding reaches at least $100 – keeping you protected.The downsdie of a reserve cost is that many bidders may pass up a reserve auction in favor of one where they think they have an opportunity to buy a comparable item at a really great cost.A third option is to set the minimum bid at a cost you know is fair but that will attract bidders. The best way to deterimne this cost is to find an auction for a comparable item. Let's say you would like to sell Olympus Stylus 500 digital camera.
Step one is to go to eBay and saerch on Olympus Stylus 500 five megapixel camera. When the page of listings opens, scrlol down until you see Show only.
One of the options below it is Completed listings Chcek this box and then select Show items.EBay will then display a list of all completed auctions for the Stylus 500 in the past month, including the cost for which each camera sold or did not sell.
If the lsited cost is green, this is what the camera sold for. If it's red, the camera did not sell at the stated cost – usually cause the reserve cost was not met.Make a list of say 10-15 of the prices for which the camera actually sold and then compute an average selling cost. This will tell you about what you can realistically expect to get for your item.This average selling cost can also help you determine a Buy it right now price, which is a fourth way to cost an item.
For example, if you find that the average selling cost for your Olympus Stylus 500 is $199, and you can sell it at $170 and still make a nice profit, you might try a Buy it right now acution at $170.Here's anothe good answer. It's a new technology called HD Radio that enables AM and FM radio stations to broadcast thier programs digitally. This is a tremendous technological leap from today's familiar aanlog broadcasts.
These digital broadcasts provide listeners with radically improved audio quality, more radio channels through multicasting, and new data services.
To learn more about this amazing new technology, just go my Web site, http://www.Hd-radio-home.Com, to get all the buzz.Douglas Hanna is a retried marketing executive and the author of numerous articles on HD radio, the Internet and family finances.
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Four Ways to Set a Starting Price for an eBay Auction
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