Figuring out the right prices for your products is important because it determines the likelihood of people buying from you:. Compared with other factors that attract shoppers — like your advertising, promotional offers, and social media campaigns — pricing has the biggest impact on profits.
Pricing is more strategic than that because your eBay pricing has to reflect your product value. To get started, do some research to figure out how high your prices can be to close enough sales to be profitable. The good news is that eBay supports new sellers by offering three methods to research pricing before setting the final price.
Keep reading to find out how each one works. To save you time, eBay offers a pricing recommendations tool. Use it as a starting point to help find the average price that products like yours sell for. When you enter a new listing and enter product specifications, listing type — like fixed-price or auction — and the price, eBay shows you a pricing recommendation:.
You can adjust your listing details and review how this changes your chances of selling your products. This insight reinforces the likelihood of closing a sale. This eBay pricing feature also helps make sure you qualify to be flagged as a top-rated seller — your prices are midrange and appear at the top of eBay search results.
This, in turn, improves your chances of closing more sales because shoppers regard your products as high quality. Another option when deciding how to price your products is to check how much similar products sold for on eBay. Use this pricing information as a guide to selling your own products.
If you sell household accessories, like lamps, use the advanced search feature to filter results by keywords:. If you want to find specific products, add in details like price range, product condition, and shipping options. By getting as specific as possible, you have a better chance of figuring out what prices shoppers respond to. If the item you want to sell is scarce, you may not find another one like it on eBay; this is especially true if you sell antiques.
In this case, search the rest of the Internet to see if your item is being offered elsewhere. Consider putting a reserve price on your auction style listing if you are afraid that the item might sell too low. If bidding does not hit reserve on your auction, you have the option of choosing to sell it to the highest bidder at his high bid price or holding the item and trying to sell it another week.
In some categories on eBay, bidders hesitate to open bid on auctions with a reserve price. Include your email address to get a message when this question is answered.
By using this service, some information may be shared with YouTube. If you are selling current merchandise that is available in retail stores, it is not unusual for eBay prices to be 20 to 60 percent below retail.
Helpful 9 Not Helpful 2. Submit a Tip All tip submissions are carefully reviewed before being published. The search feature on eBay is very specific and will only find listings that have words in your search term. Change your wording around or think of other key words that sellers might use when offering an item similar to yours.
Helpful 5 Not Helpful 1. Some eBay auction sellers like to start all of their listings low in the hope of it getting bid up. This is risky, as not all auctions on eBay get multiple bidders. Before trying this approach, be sure to search your item first to make sure that you have a strong enough market to draw high bid activity. Helpful 3 Not Helpful 2. Related wikiHows How to. How to. Co-authors: Updated: May 1, Categories: Selling on Ebay.
Thanks to all authors for creating a page that has been read 82, times. This tells you exactly what your profit is going to be.
The item you're selling might not be available on eBay. This gifts you the edge as the only seller offering it. Though it could also mean there just isn't a market for it on eBay. If you want to give it a try, but aren't sure how to price the item, you might consider looking at other marketplace websites to see how much the item has sold for. One of the biggest reseller marketplaces can be found through Amazon's Fulfillment By Amazon marketplace.
You can search for price history information of sales made on Amazon on sites like camelcamelcamel. Search for specific products, and get current prices for new and used items that are currently listed on the site. You can also use the site to track prices for products of your choice. If you're a Chrome user, you could also get that information using the Keepa Chrome extension. Beyond pricing your items, a successful eBay seller will also need to think about a lot more if they want to make a lot of money on eBay , including timing and presentation.
Crafting the right titles on your product page also matters. But before all that, do make sure you're picking the right items to sell on eBay. The Q1D is an excellent enterprise-class computer for budget prices.
It's also a solid thin client, marginally capable of handling basic computing. Nancy is a writer and editor living in Washington DC. She was previously the Middle East editor at The Next Web and currently works at a DC-based think tank on communications and social media outreach.
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