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Many new eBay sellers make one of two mistakes: either they overprice items to an unsellable extreme; or they lose money on every transaction by setting low starting prices with no restrictions.
In this lesson, I am going to go over which pricing strategies to use and when if you are using a ten-day auction setup.
If you are listing a popular item that you are confident will sell for a high price, one strategy you can use is the ten-day, one cent starting price, no reserve auction. This is the best way to start a bidding war: pull in bidders early with a low starting price and no reserve and give them ten days and two weekends to battle it out.
Depending on the profit-margin of the item and the quality and number of your competitors, you may want to consider using listing upgrades, such as bold, highlight, and feature listing options to ensure your auction sticks out of the crowd.
Please note that I do not recommend this strategy for beginners. This is extremely high risk if you do not know how to take the risk out of it - and this is not something I can teach you. You must determine this by assessing your own personal inventory with tests.
Now, if you are new to eBay or want to list an item with undetermined popularity, you can use a safer, but potentially as profitable bidding strategy for ten-day auctions.
You still wont use a reserve with this strategy. But instead of setting the start price low to encourage a bidding war, you are going to set your start price to your ideal selling price - and then couple it with a buy it now price that is slightly higher.
This will put pressure on the buyer to buy it now instead of watching. If she waits, she gains absolutely nothing--and she risks someone else bidding (and ruining the low BIN price) or just snatching it with the BIN option.
In addition, knowing that she will lose nothing anyway, she will realize that she can get the item up to ten days sooner if she uses the BIN option to order it then, rather than waiting for the auction clock to tick down.
The strategy I described above is very safe. I use it for the majority of my auctions and I always get positive results. At worst, it will take me 3-4 weeks to sell an item, but I wont ever lose money. I just adjust the price to compensate for additional fees.
Another effective way to use a ten-day setting is in conjunction with dutch auctions--or auctions that sell a number of the same item. Ten-day auctions will give you the longest amount of time to move the highest amount of products.
You may also want to feature ten-day dutch auctions, depending on what items you are selling. If you're selling information products and rely on the quantity of sales for profit, this wont be effective; but if you're selling a number of expensive, high profit-margin items, featuring your auction is probably a good idea.
If none of these strategies works for you, you should consider the following two things: 1) the price other eBay businesses sell your product for. If someone else IS selling your product, there is a reason for it - and it's probably the price. If you cannot afford to sell at a reasonable price, you need to find a new source to buy from. And if your product's price is reasonable, then 2) you need to redesign your auction and find new ways of pulling in targeted traffic.
http://www.workathomerightnow.net/eBay.html - Written by Isaiah Hull, author of "How to Profit on eBay In Seven Days Without Spending A Single Penny." For a limited time only you can get a pre-publication copy of his book for ONE-FOURTH the post-publication price!
Don Lutes Jr. kept the 1943 copper penny he stumbled upon in his high school cafeteria seven decades ago in a safe behind a wall in his Massachusetts home.
The auction will take place at Christie's Paris, against the backdrop of Paris Couture Week, on Jan. 24.
In recent years, buyers have flocked to private marketplaces to avoid the fraud, hidden fees and low-quality ads they saw in the open marketplace. Agencies ...
Invaluable said it sold half a million lots on its global marketplace in 2018, which is up 20% over the previous year and is up 130% over 5 years. The number of ...
After 40 years of business in Boston's Back Bay, the recently shuttered L'Espalier auctioned off everything Wednesday — from its industrial dishwasher to its ...
Visitors formed long lines before daybreak on Tuesday to catch a glimpse of Tokyo's renowned tuna auctions — now at the Toyosu wholesale fish market — as ...
Those who can't make it to the Naples Winter Wine Festival's live auction Jan. 26 will have a chance to bid on a different set of extravagant lots online starting ...
Stacy Luoma and her grandmother Arbilla Moore made off with about $515 in personal possessions once belonging to "Little House on the Prairie" star Melissa ...
PALM CITY — A 20-acre equestrian estate, part of the Box Ranches development near Indiantown, will be sold at auction Thursday to the highest bidder, ...
A 30858-square-foot Paradise Valley home that was once listed for $35 million is going up for auction later this month. The Paradise Valley home, called Villa ...
Sears said Thursday that Chairman Eddie Lampert's hedge fund, ESL Investments, is the winning bidder in the company's bankruptcy auction, keeping the ...
A rare penny that a Pittsfield teenager found in his lunch money more than 70 years ago was auctioned off for more than $200,000 on Thursday to a Concord ...
It's day four of the Barrett-Jackson Auction where more than 1600 cars are up for grabs in Scottsdale, Arizona. Yahoo Finance's Julie Hyman, Adam Shapiro, ...
A 1994 Club Car Golf Cart sold for $58,000 at Russo and Steele Collector Automobile Auctions on Thursday, with proceeds benefiting the family of fallen Salt ...
Jeff Gordon is auctioning off a 2016 Corvette C7.R with supercharged 6.2-liter LT4 V8 engine to raise money for cancer research at Barrett-Jackson.
India plans 350 GW solar, 140 GW wind power capacity operational by 2030, with share of renewable energy in overall power generation targeted at 40%.
Bankrupt retailer's chairman prevails in bid to keep flailing department store chain from closing its doors forever.
The Mecum Auction's Kissimmee sale features an assemblage that includes rare road rockets from the 1930s through 1960s and beyond.
The five coolest cars up for sale at the Gooding & Company auction in Scottsdale, Arizona.
Arizona Car Week kicks off this weekend with Barrett-Jackson, Bonhams, Gooding & Company, RM Sotheby's, Russo and Steele, Silver Auctions and ...
The Stillwater Ag Boosters group will have its fundraiser 6 p.m. Saturday at the Payne County Expo Center. The cost is $5 for smoked ribs, ham, green beans, ...
Artsy presents Rago Auctions: Modern Ceramics & Glass, featuring works by Dale Chihuly, Hans Coper, Yoichi Ohira, and more. In advance of the auction, ...
After a daylong suspension earlier this week due to weather, the FCC's 28 GHz spectrum auction kicked back into gear more than two months after it began.
The commercial and industrial property market enters 2019 on the back of a strong finish to 2018, with a total of 38 properties around the North Island selling at a ...
Artsy presents Rago Auctions: Mid-Mod, featuring works by Eero Saarinen, Tommi Parzinger, Paul Evans, and more. In advance of the auction, browse lots and ...
Actor Gary Sinise has partnered with Richard Rawlings of "Fast N' Loud" to auction off a custom Jeep at the Barrett-Jackson collector car auction in Scottsdale ...
If there's one thing an automaker loves, it's auctioning off the first VIN of a fancy new model for charity. Ford's the latest automaker to hitch its horse to that cart, ...
Artsy presents Rago Auctions: Lost City Arts - 36 Years of Collecting, featuring works by George Nakashima, Harry Bertoia, Vladimir Kagan, and more.
Artsy presents Rago Auctions: Modern Design, featuring works by George Nakashima, Gio Ponti, Harry Bertoia, and more. In advance of the auction, browse lots ...
Exquisite '20 years of Supreme' ensemble includes an archive of diligently and passionately assembled skates by collector Ryan Fuller.
The Capitals' annual Better Halves gift basket auction to benefit the Monumental Sports and Entertainment Foundation launched Monday and will close at the ...
As ridiculous as it sounds, high-end car auctions can get a bit samey. Year after year, it's a similar bunch of crazy rare Ferraris, Porsches and old Bugattis that ...
Can't be at the Barrett-Jackson auction in person? See which vehicles draw the biggest bids on TV.
The contents of Bak USAs shuttered plant will be auctioned at 10 a.m. on Jan. 26. Cash Realty & Auctions will conduct the auction at 210 Sawyer Ave. in …
Up to $1 million worth of vintage cars and automobile paraphernalia is going up for auction this weekend following the recent closure of the Dick's Classic ...
A startup business that opened a pop-up shop in OTR is selling its intellectual property in a sealed-bid auction.
Pittsfield, Massachusetts resident Don Lutes Jr. struck auction gold with a copper penny that was accidentally created by the U.S. Mint. Lutes Jr. received the ...
(WLEX) A small Kentucky town is auctioning off a piece of history. A rare 1921 Thompson “Tommy” machine gun will be sold at auction. For decades, the gun ...
Baseball legend Randy Johnson's 25000-square-foot Paradise Valley mansion will go to the highest bidder on Jan. 31.
Temple Emanu-El's annual art auction offers a social gathering that can be both entertaining and educational.
A legendary Ford Mustang sold for a historic price at the Mecum Auctions event in Kissimmee, Fla., on Friday night when the bidding ended at $2,200,000.
Honor the legacy of Martin Luther King Jr., check out an art and wine festival or see what's going on the block at a high-end car auction.
There weren't a lot of reasons to keep holding the Wayne County Tax Foreclosure Auction, and they're dwindling by the day.
The Federal Emergency Management Agency auctioned off 34,496 unused meal kits this week, as their expiration date neared, that had been earmarked for ...
There are plenty of homes for sale in South Florida, but one property offers unbelievable luxury for less. It's an auction where, in theory, the buyer could pay a ...
Two Ferrari supercars will star at the next Mecum Auctions event, taking place at Osceola Heritage Park in Kissimmee, Fla., from January 3 through 13.
BLACKSBURG, Va. (WDBJ) It's just three weeks till the NFL Super Bowl, but it's just two weeks till Souper Bowl in Blacksburg. Ferguson Enterprises is getting ...
Two dozen horses in poor condition were rescued from a local auction, and almost half had to be put down.
You have the opportunity to get your hands on a piece of White Fence Farm history. The historic restaurant is auctioning items off after closing its doors in ...
Get a peek at some of the collector cars that will be auctioned at Barrett-Jackson in Scottsdale on Thursday, the fourth day of bidding.
Over the past six years, the KCI Auto Auction has donated $1.25 million to three Kansas City-based organizations.
The 13,000 square foot home that overlooks Roberts Bay will be sold fully furnished. In total, there is more than 20,000 square feet of covered space, both ...
Artsy exclusively presents BFAMI: Benefit Auction 2019. BFAMI supports Educational Programmes for Underprivileged Youth. Exciting benefit auction featuring ...
Heavy snowfall in the nation's capital has prompted the FCC to suspend the 28 GHz spectrum auction. The agency plans to resume activities on Jan. 15 with six ...
Kennewick, Wash. - The Old Country Buffet, a local favorite for many years has recently closed. The remaining assets from the Old Country Buffet are being ...
Utah businessman Dell Loy Hansen won the bidding war at Heritage Auctions.
It took developers 10 years to build the Outlets at Corpus Christi Bay but only a portion of the retail center is filled with stores. After failing to make payments on a ...
A unique online startup from Nevada is opening a pickup location in Glendale. FOX 10's Jennifer Auh reports.
Among the items for sale Saturday at a southern Wisconsin auction business is a box of World War II German replica pins featuring swastikas.
Melbourne's auction market will make a modest return this weekend, with about 30 homes set to go under the hammer tomorrow.
(Lewisburg) The city of Lewisburg is hosting a surplus auction on January 24th. Lewisburg Public Works Director Roger Pence says you can make an.
After just two years, the Outlets at Corpus Christi Bay in Robstown will be auctioned off. A notice of foreclosure sale was filed Monday with the Nueces County ...
Sellers Auction routinely holds auctions offering memorabilia, collectibles, antiques, tools, household wares and other bric-a-brac. But never before has the ...
Our five favorite cars from this week's RM Sotheby's Arizona auction, which might be the best collector car auction of 2019.
Gooding & Company's preview day draws car fans in Scottsdale.
STATEN ISLAND, N.Y. -- Two recycling retailers and an international wholesale company earned winning bids totaling $309,697 for various parts of the ill-fated ...
LIVINGSTON — A Baton Rouge businessman entered the winning bid Wednesday for the 59-acre studio property seized from "Dukes of Hazzard" star John ...
An alleged document reveals Intel's plan to auction the unannounced Core i9-9990XE 14-core processor.
The German government is debating whether to follow the United States and allies like Australia in restricting China's Huawei Technologies from accessing its ...
MILAN, Jan 17- Nutella maker Ferrero has been shortlisted to take part in the second round of Campbell Soup Co's auction of its international.
The house is reported worth $510000, according to Zillow.com.
It's a shift from the German government's position in October, when it told lawmakers it saw no legal basis to exclude any vendors from an upcoming 5G auction.
While the late-rapper was serving time in the mid-90's, he drew an explicit drawing for his then-girlfriend, which is now going up for auction.
It has the letters NJ stamped on its barrel, which may means it was purchased for a New Jersey militia unit.
Outlets at Corpus Christi Bay opened less than two years ago and now it could be sold off to the highest bidder. A foreclosure notice filed Monday with the ...
The Ft. Pierre Livestock Auction, Ft. Pierre, South Dakota, reported receipts of 6468 head selling Jan. 11, compared to 5034 head a week ago and 4832 head ...
The Lexington Livestock Market, Lexington, Nebraska, reported receipts of 3173 head selling Jan. 11, compared to 3672 head a week ago and 4040 head last ...
Former Arizona Cardinals coach Bruce Arians helped auction a boat at Barrett-Jackson in Scottsdale on Wednesday night, all for a terrific cause.
Barn finds seem to pop up a lot these days, but it's still rare to see one like this. A total of 81 cars were just discovered in a massive barn in rural France, most of ...
These are the five most interesting vehicles up for auction at the RM Sotheby's Auction in Scottsdale, Arizona. The auction takes place January 17-18, 2019.
The iconic 1956 Chevrolet C1 Corvette SR race car, otherwise known as 'The Real McCoy', will soon be sold to a lucky new owner by Mecum Auctions in ...
OKI Data Americas, a printing technology innovator that makes durable vehicle wraps for the automotive restyling industry, reached the end of its nine-month ...
A grand waterfront home in Marco Island, Florida, with a collection of tropical flora worthy of its own botanical garden, is headed for auction next month.
Thailand's True Move has stated that it does not intend to bid in this year's upcoming 700MHz spectrum auction.
WEYMOUTH — A firm that lent $60 million to the struggling developer behind a sprawling project on the site of the former South Weymouth Naval Air Station has ...
If it's the right make and model, a single classic car found in a barn can make headlines. This discovery was much bigger. Eighty cars bigger, and now they're ...
Bremo Auctions hosted their end of the year Holiday Variety Auction Saturday as a way for the store to get rid of old items, in the effort to make room for new ...
An auction is planned Thursday at Cafe Du Jour, 1365 Main St. in Springfield. The cafe has closed to make room for a new Delaney's Market location.
A liquidation sale is underway at the Sears store at the Holyoke Mall in Massachusetts in October 2018. Word came Wednesday that Sears has staved off ...
It's been a memorable year in the art world, not for what happened, but for who left.
Chevrolet will auction four Bumblebee Camaros from the Transformers movie franchise at Barrett-Jackson collector car auction in Scottsdale.
The five-bedroom, four-bath home in the town of Frederick will be sold off to the highest bidder April 17 for Christopher Watts' failure to pay principal and interest.
A intrepid bidder snatched up a sweet replica of the Scooby-Doo Mystery Machine for $59400 at the Barrett-Jackson auction in Scottsdale.
Mirror mosaic by 96-year-old female artist fetches close to $1m at the 10th edition of the Tehran Auction.
The City of Lewisburg will be hosting an auction to give away some used items from the public works department.
Treasury yields came off their intraday lows on Thursday after sloppy results for a bond auction influenced trading for government paper.
Some 1800 classic, luxury, custom and exotic cars will be shined and polished before crossing the auction block.
An historic schoolhouse built in the 19th century is scheduled to go up for auction later this month in the city of Green.
The vast Western American Art collection of late businessman and philanthropist L.D. “Brink” Brinkman will be auctioned both online and live in Los Angeles ...
Among vehicles at Tuesday's Barrett-Jackson auction are a street machine with flames and a Scooby-Doo Mystery Van with its own colorful paint scheme.
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