How to Set a Good Price to Sell on eBay

Chris Pirillo — Tue, 19 May 2009 19:09:04 +0000

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When you have things you no longer need, you may want to think about selling them on eBay. The problem is, where do you set the price at? You want to make money off of your item, but you don’t want to set it so high that no one will bid. How do you figure out what your price should be?

There are people who make a living off of selling things on eBay. Michael wrote in, saying that he’s one of those people. Well, actually, he’s hoping to make a bit more of a living by selling things on eBay. He thought that I was an expert seller. Sadly, I’m not. I’ve sold things on there, yes… but not often!

The way I do things isn’t very difficult. When someone wants to buy something from me, I have them get a point of refernce. Find me comparable items, and let’s look at the median there. Then I know that I’m giving the person a good deal, while not undercutting myself.

As long as you are average in terms of your base price – you’ll make money. People will buy your items, and you’ll have money in your pocket. You can steadily (but slowly!) increase your prices as you build a good customer base.

eBay itself has a ton of tools available you can use to help yourself become a better, more competitive seller. You’re crazy if you have stuff lying around that’s not being sold on eBay!

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How to Set a Good Price to Sell on eBay

Do you Have eBay Seller or Buyer Accounts?

Chris Pirillo — Sat, 31 May 2008 02:13:02 +0000

Do you Have eBay Seller or Buyer Accounts?

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Sutty5 writes: “Many discussions recently have focussed on having more than one eBay account. Ebay has no problems with this, as long as each account is kept in good standing. Following are five reasons for opening multiple accounts.”

Buyer Confidence. If you are selling goldfish bowls for example, which username do you think will give abuyer more confidence – “dave1234″ or “goldfishsupplies”? When selling in more than one category on a regular basis, having multiple accounts will allow you to target your audience with a higher precision.

Ebay Features. The ability to open more than one eBay Store. eBay only allows one store (or shop) per account. This is easily solved by having multiple accounts.

Feedback. Protect your feedback. If one transaction as a seller goes bad and you get negative feedback, it will not affect your sales as a whole as you’ll still have excellent feedback on your other accounts.

Cross-Promotion Connections. eBay allows you to cross-promote other sellers’ items within your listings. By using this feature, you can cross-promote your other accounts within your eBay listings to bring some much valued visibility.

eBay Arbitrage. Many sellers buy off of eBay in order to resell the item almost immediately. Having an account for selling only, will allow you to hide the items you’ve purchased with a separate account.

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Do you Have eBay Seller or Buyer Accounts?

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How to Set a Good Price to Sell on eBay

Do you Have eBay Seller or Buyer Accounts?