"Laws too gentle are seldom obeyed; too severe, seldom executed."Benjamin Franklin
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An Easy Guide To Making Money On Ebay
One way to make money on eBay that a lot of sellers underestimate is by making money on returns. Items get returned to almost every seller eventually as it's impossible to satisfy all of the buyers all of the time. By turning your returns into profits you ...
Don't Get Lost In The Jungle Called Ebay.com
Can you believe that? I just did a search on Google for 'ebay secrets' and I got 3,090,000 (!) results back. Amazing isn't it? The search term 'ebay tips' resulted in 11,700,000 (!) sites and 'ebay help' even in 53,000,000 (!) web pages and so on and so ...
Selling on eBay - Have you found the magic formula yet?
Selling on eBay can be very profitable and a great way to make some cash while clearing your house of unwanted items at the same time. It's quite simple, just describe and photograph your items and seven to ten days later you'll get a payment though ...
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How Much Is It Worth? Estimating Your Item's Value for Sale on eBay
Proper pricing of items to be listed for sale on eBay is one of the most important aspects of generating interest in one's auction listing.
If the price is too high, interest will be low, and the possibility of a sale decreases.
If the price is too low, the seller generates enormous traffic, yet the final bid might be too low to satisfy the seller's need for a profit.
The following are steps that will aid in that process.
Step 1: How Much Was this Item Originally Worth
First of all, you must find out how much the item was when it was bought. This helps the seller set realistic goals as to how much he will expect to profit from that item.
The seller must remember that the going price for that item nowadays will be different from its original price. And depending on the demand for that item, he may get a price that is better, or worse than the original price.
The seller must also come to an acceptance of the fact that the buying power of today's $1 is different from that of ten years ago.
Step 2: Do a Little Research
Sellers should research on the current price of similar items. This gives them a good standard as to how much they should price their wares. Searching eBay for successful auctions of similar wares is the best way to do this.
Step 2: How Much Has the Item Depreciated?
The seller must check the item for damages and other irregularities from a mint conditioned item of the same kind. He must then deduct a reasonable amount from his asking price. Wear and tear tends to bring down the price of an item considerably. It is wise to make sure the items are repaired, or spruced up before being auctioned.
Step 3: Start It a Little Lower than Usual
It is wise to start an auction a step or two (or even three) lower than a sellers intended price. This generates interest in the item. It may be hard to believe, but auctions that start lower than its intended price actually have a better chance at overshooting that intended price.
Professional opinions are available if the seller is in doubt of the value of his or her item. Third party appraisal companies help in this regard. A list of such is available at the Authentication & Grading link under Protection and Authentication on eBay.
Remember, buyers on ebay are looking for a deal therefore it is always good to start your selling price low to generate interest and bidding frenzy. To protect yourself, i would suggest setting a reserve price if you have to sell an item above a certain price.
About the author:
Dan Lim is an avid ebay fanatic who has been quietly earning a comfortable living online. For more ebay selling secrets and strategies, visit bestnzb.com
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