Ebay Auction Pricing Strategies: Ebay

If your items aren’t selling, then you might have a bad pricing strategy. There as many pricing strategies in the world as there are buyers – if you look at two businesses selling the same thing, often the only difference you’ll be able to find between them is pricing.

The ‘Few Dollars More’ Strategy.

Here’s something you might not have thought of. If you set your auction’s starting price to what you would usually charge for Buy it Now, while setting the Buy it Now price a few dollars above, you can make a profit by setting off an interesting psychological reaction in the buyer’s mind.

Here’s what they’ll think. They want the item, but why should they bother bidding for it? After all, they could use Buy it Now for just a few dollars more, and be sure of getting it! Doing things this way makes the value of the Buy it now option extra clear to the buyer, and makes them more willing to pay extra for the privilege.

The ‘One Dollar Less’ Strategy.

This is simple, but requires you to keep an eagle eye on your competition. As soon as they start a Buy it now auction for an item you stock, start an auction for one of those items yourself. Match the title closely, but price your item one dollar less than theirs. This will mean that your auctions will sit together in the search results, and who’s going to see both and go for the one that’s a dollar more expensive?

The ‘Free Shipping’ Strategy.

Buyers really hate paying for shipping. With Buy it now, you might find it easier to incorporate the shipping cost into the main price of the item, and then write ‘free shipping’ in the auction’s title. You’d be surprised how many buyers would prefer to pay one price including shipping for the auction, instead of having shipping added on at the checkout. Again, this is psychological: they pay the same at the end, but it doesn’t feel like they’ve paid an unnecessary ‘extra’ cost for Internet shopping.

The ‘Go for It’ Strategy.

If you’d like a slightly more risky strategy, try this. List your item for the maximum duration (ten days), starting the listing on a Thursday so it goes across two weekends and finishes on a Sunday. Set the starting price to the minimum (one cent).

What you’re trying to do here is give bidd 1000 ers as long as possible to discover your auction, so that they push the price up themselves. Pay for a few upgrades like bold and highlight, to give them a helping hand. If you do this right, you can make a much bigger profit than you would have with any Buy it Now price, especially with a medium or high value item.

Since running your auction for longer means that more people see it, you should always take the longest duration of ten days, right? Not always. In the next email, we’ll talk about how long your eBay auction should run for.

By: ginfop4

Article Directory: http://www.articledashboard.com

For more details visit to my website: www.mining-auction-gold.com www.infozabout.com

Click the XML Icon Above to Receive Auctions Articles Via RSS! Additional Articles From – Home | Internet Business | Auctions Auction site combines online auctions with a freelancer website
Making MoneySelling on eBay – Tips for Success
Buy wholesale and sell at retail prices – profit making auctions
Can You Be an eBay Millionaire?
The Three Most Important Things To Know About Starting An eBay Business
Is That Your Final Offer?
UK Online Auction Sites
iibka -A New era for Internet auction in Somalia:A new Internet based market have been inaugurated in Bakaara market
F 1000 rankincense essential oil has lots of uses
My top 10 tips for selling on ebay.

Hey guys, for those who are just starting making money on eBayor are in the perspective to know how to make money on the internet, in order to attend all sellers test eBay gives you many choices to place your auction, if you want to sell your item fast or if you want to get the most high bid possible. Here’s a brief introduction to the different kinds of auctions that eBay offers.
Normal Auctions.

 
These are the standard eBay auction, the auctions everyone knows: you list an item some guy bid, others outbid him, he bid again, and the winner gets the item. Simple and fun.
 Reserve Auctions.

This works if you don’t want your items to sell for less than a certain price, just like the normal auctions (yeah those with a guy with a hammer). They are like normal auctions on eBay, except that if the buyer does not meet the reserve price you set on his bid; they’ll need to bid again if they want the item. If nobody is willing to meet your price, then the auction is cancelled, and you keep the item.

 Fixed Price (‘Buy it Now’) Auctions.

 Buy it Now auctions can work in one of two ways. You can add a Buy it Now button to a normal auction, meaning that buyers can choose either to bid normally or to simply pay the asking price and avoid the whole bidding process. Some sellers, though, now cut out the auction process altogether and simply list all their items at fixed price. This lets you avoid all the complications of the auction format and simply list your items for how much you want them to sell for this is pretty much alike to the former eBay express. Here’s where most people are making money on eBay.

 Recently, eBay added a twist to fixed price auctions: the ‘best offer’. This means that buyers can contact you to negotiate a price; this could be a good opportunity to sell some extra stock at a small discount. The only downside to reserve and fixed price auctions is that you pay a small extra fee to use these formats. For higher-priced items it is more profitable using reserve auctions and for lower-priced items the fixed price auctions is more reliable. But you can combine the two formats if you want.
 Multiple Item (‘Dutch’) Auctions.

 
 These are auctions where you can sell more than one of a certain item. Dutch auctions can be done by bidding. Buyers bid a price and say how many items they want, and then everyone pays the lowest price that was bid by one of the winning bidders. These auctions are very rare and are a good opportunity to arm yourself with a stock for a lower price.
 
What is more common is when you have a lot of one item, and lists it using a combination of two auction types: a multiple-item fixed price auction. This just means that you can just say how many of the item you have, and offer them at a fixed price per unit. Buyers can enter how many they want and then just click Buy it Now to get them.
See? Is not that hard as you guess. Next time I will show you which items you must avoid to sell.
Chris N.D.

Do you want to learn more about auctions? Check this links to find out!

>> Ebay’s official word about auctions

>> Sky High Acutions a full eBay course to become a powerseller

>> Auction training course a thousand ways to make money on eBay

If you are interest in auctions you may read this other articles

Are Power Sellers Dependant On Ebay Software? | AusBusiness Review

So what kinds of tools are we talking about? Well if you are at all familiar with internet marketing well then you know the jobs that most of these tools are created to accomplish. … After research comes building the descriptions and sales pages to put up on ebay’s auction site. Each of these sites needs to be managed during the auction as well as after the auction has ended.

Ebay Newbie : Ebay – Ebay Auction

eBay – the World’s Online Marketplace – is the place to go when you want to buy or sell anything on the Internet. eBay lets its members sell items on the Internet via Auctions, which entails bidding, and through the Fixed Price Format, which means that there is a set price for items on sale. eBay Auction is the more popular selling method between the two.

Selling on eBay

When selling on eBay, whether it is through eBay auction or the fixed price format, a person has to first register to be a member and then create a seller’s account. Credit card details or being ID Verified is needed to create a seller account. The next requirement is a picture of the item to be sold. This is required since most buyers want to see what the item actually looks like before buying anything.

The next thing to do is to get your item listed by clicking on the Sell Your Item button. After clicking on the button, be sure to give all the necessary information such as the item category, the title, item description, and the price, payment method, shipping costs, return policy, and payment methods. For your item to have a greater chance of being viewed by more prospective buyers you can list the item under more than one relevant category. Another effective strategy would be to have a very specific title that would most probably typed by prospective buyers as their search string.

To keep track of all your listings simply go to My eBay since it keeps track of all the items you’ve sold and are currently selling along with all the bids made on them as well as all the items you have bid on and are currently bidding on. My eBay also has a summary page, a favorites page, and your accounts page. As soon as the item is sold eBay will notify both the buyer and seller through email. Make sure that you communicate well with your buyer and notify the buyer that the item is being shipped as soon as you receive the payment.

In case you plan to sell your item through eBay Auction there are three prices you need to set before putting up the item n sale. First is the Starting Price. The Starting Price is simply the price you want the bidding to start. It is also usually the lowest price you feel that you can accept as payment for your item. Next is the Reserve Price. In case your starting price is lower than the amount you are wi 1000 lling to accept as payment you need to set the Reserve Price. Having a reserve price means that if the bidding ends with the highest bid still lower than the reserve price then your item will remain unsold. This price is concealed from buyers.

Last is the Buy It Now Price. The Buy It Now Price is the amount a buyer has to pay to get the item you are selling without having to bid. Both the Reserve Price and Buy It Now Price are optional. The reserve price can be advantageous since it will protect you from having to sell your item at too low a price but can also be disadvantageous since it may discourage buyers from bidding. The Buy It Now Price, on the other hand, is advantageous for buyers who really want to buy the item you are selling since there is no risk that they will be outbid if they automatically buy the item. It is also advantageous for you as the seller since it can hasten the transaction since you don’t have to wait for the bidding period to end. However, it can also be disadvantageous if there is much demand for the item you are selling since having a Buy It Now price will limit the amount bid even if some buyers might actually be willing to bid beyond that set price.

eBay charges the following fees to seller. The Insertion Fee, Additional Option Fees, and Final Value Fee. The Insertion Fee is a non-refundable fee charged for each item listed on eBay Auction. Insertion Fee ranges from $0.30 to $4.80. Additional Option fees are charged if you opt for additional features like the Buy It Now and if you want your item to be a Featured Item. The Final Value fee is charged depending on the closing price your item manages to garner after a successful close at eBay Auction.

Bidding on eBay Auction

To bid on an item in eBay Auction, click on the item you wish to buy to get to the item page. You can then place a bid by simply clicking on the Place Bid Button found on the right side of the picture. In case there is no such button it means that the item can only be bought at the set price and isn’t up for auction. When you place a bid the only price you will see is the starting price since the amount bid by other people will not be visible to you. Enter the maximum amount you will be willing to pay for the item you wish to purchase the click on the Place Bid Button. eBay Auction will automatically compare your bid with others and won’t bid the maximum amount you entered. Instead it will bid only what is needed to outbid the last bid. eBay Auction will do this automatically until it reaches the maximum amount you entered or you win the bid. In case another buyer outbids you eBay Auction will send you a notification so that you can enter a larger amount or at least know that you’ve been outbid.

In case you are bidding on a Reserve Price Auction check whether the current price bid has met the reserve price. If your maximum amount has been reached but the reserve price still hasn’t been met then you know for sure that you need to increase your bid since the item won’t be sold until the reserve price is met.

If you are nervous about bidding on an expensive item keep in mind that eBay has measures to protect both sellers and buyers from fraud. If you are simply nervous since it is your first time try bidding on cheaper items first before going on to more expensive stuff. You can actually find items for less than $1.00 on eBay auction.

By: Dave Sherva

Article Directory: http://www.articledashboard.com

Start making money now with Ebay! I’ve included everything you need to start making a profit tonight. Make 2010 your year to shine. Act Now while it’s still FREE!

Another useful post

New auction list: Software From Ebay | safeforbuyer.com SFB

List of trusted shop and newst about affiliate and ebay auction list , we also provide free software download , SEO optimizer and other usefull tools for webmaster.  

ebay classic car auction | HotEbayGuide

Six Point Guide to Buy the Classic Car You WantThinking about getting your first classic cars? With thousands of dealers and hundreds of website selling.  

Boosting Your EBay Auction Profits – Just Add Audio <p>According …

According to a recent report, adding audio to your eBay
auctions could increase bids by as much as 22% over auctions
without audio.

Robert Pattinson Autographs Guitar for eBay Auction Benefiting The …

Robert Pattinson walked into Norman’s Rare Guitars in Tarzana, CA, fef and started playing a new guitar when spotted by storeowner Norman Harris. Harris, a.

Income Possibilities from eBay

Perhaps you have heard stories from people making thousnds of dollars per month selling on eBay.

Just take a look on eBay at how many PowerSellers there are. There’s quite a few right?.

To be considered as a PowerSeller by eBay you must in the follow scale:
PowerSeller sell about $1.000 a month
Silver PowerSeller selling $3.000 monthly
Gold PowerSeller making $10.000 per month
Platinum PowerSeller level make over $25.000 a month
Titanium PowerSeller make at least $150.000 in sales every month

That give you an idea about the income possibilities. Just think in those people called PowerSellers. Most of these people never set up a bussiness on eBay. They simply started selling a few things, and then keep selling. There are many people whose job is selling things on eBay, and some of them have been doing it for years.

Just imagine. Once they’ve bought the stock, every thing else is pretty much pure profit. There are a multi-million dollars businesses making less in actual profit than eBay PowerSellers do.

You even don’t have to quit your job and star your home business. You can use eBay to make a significant second income. You can process orders during the week and deliver them on saturday. There’s no so many things to do during your spare time that have the same earning potential than ebay has.

It doesn’t matter who you are, or where you live, you could live in the middle of nowhere or being very old, as long as you can access to an internet connection you can sell from eBay. There are no job interview, no commuting involved- if you can post things, you can sell on eBay.

Let me put you this way, if you know where to get something reasonably cheap that you could sell, then you can sell it on eBay. And since you can always get discounts for bulk at wholesale that’s not exactly difficult. Boy a job lot of something in demand cheaply, sell lit on eBay, and you’re making money on eBay already, and the best part with no set-up cost.

If you just want to test your selling skills before actually make a bussiness on eBay, try selling things that you have and you don’t use, just do a quick search through your attic and you probably find that you’ve got a few hundred dollars worth of things lying around. This is the power of eBay. There is always someone who wants what you’re selling, whatever it might be, and snce they’ve come looking for you, you don’t even need to do anything to get them to buy it.

So you want to get start making money on eBay? Well, that’s great! there are a few things you need to learn. And of course there is a learning process to do it.

>> if you want to know more about making money on eBay and start an eBay business click here.

Here’s a clue about what a powerseller can do

Want to know more about PowerSellers? Read what other people say about it

Have You Got eBay PowerSeller Potential? | AusBusiness Review

PowerSellers are the eBay members that have made it, you can recognize them by the ‘PowerSeller’ badge next to their name. You’ve probably seen these people across eBay as you go about your usual busines.

Powerseller Status | MiddleAgedInBiz

I’ve taken my eye off eBay over the last six weeks while I’ve been concentrating on website sal fef es and direct marketing. This has resulted in reduced.  

How Come I’m Not a Powerseller ?

CA is hasn’t sold on ebay for over 7 months she looked on her Feedback page this morning The Power Seller Logo is there You mouse over it and it. 

Diamond PowerSellers, feedback withdrawal and DSRs : TameBay …

Diamond PowerSellers will benefit from packages which will include pricing tailored for their business model.

Become an Ebay Powerseller-Its Like Riding A Bike

So what is a powerseller? Powerseller is actually a status which is a depiction of the fact that you are a trustworthy member at ebay. It is a very coveted status and it can not be attained easily.

Other Places on The Web

• I want to start my own wedding planning bussiness from home any advice?
• HP Announced new bussiness laptop EliteBook 2740p convertible tablet Latest Gadgets, New Gadgets, New Mobiles, Latest Softwares New Technology 4 U
• eBay Android App Review by AndroidTapp.com | Android Tapp. Android App Reviews
• 28 APIs Used in 7 Days: Bing, eBay, Facebook, Fedex, Google, Salesforce, Yahoo and YouTube
• eBay Online Shopping Q&A | Kingston Auto Sales
• EBay Income Possibilities. | voteforl.org
• EBay Income Possibilities. | voteforl.org – eMega Deals
• Money Talks: The Best Source of Recurring Income
• Wireless USB internet connection providers in India to choose from. | Indian Tech News
• Great Advantages of a Constant Internet Connection | Technology Blog