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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!
Onlookers attend the Coyote Johnson Vanderbrink Car Auction on Sept. 14, 2019 in Red Oak, Ia. Coyote Johnson of Red Oak has collected over 90 muscle cars ...
DAVENPORT — A 1936 Academy Award is among the items going up for auction next month from the collection of the late Turner Classic Movies host Robert ...
The bed still has the original fabric-wrapped metal wire webbing the designer patented in 1879.
More than 400 deals were ready for potential bidders Saturday morning at Bonnette Auctions on McKeithen Drive.
Google has announced the full rollout of first-price auctions on Google Ad Manager beginning next week, a move it claims will help boost publisher yield despite ...
Google has spent the last few months testing the outcome of running first-price auctions across 10% of its Google Ad Manager inventory. The tech giant has now ...
AUGUSTA, Maine (AP) - Utility regulators say Maine has received nearly $2.5 million in the latest auction of carbon dioxide emission allowances. Maine is ...
Bo Pilgrim's 15 million dollar home going up for sale.
Clare County Livestock Auction, LLC. Sale every Monday at 3 p.m.. September 2 results: Choice colored steers, $85 to $109; choice colored heifers, $80 to $104 ...
Some Missoula city leaders told us more abandoned cars are ending up on streets and in lots. Cars either end up in the Missoula County Junk Vehicle Program ...
There are two online auctions for storage units from the Storage First facility in Conshohocken (101 Barren Hill Road). One auction is underway. The description ...
Kiko Auctioneers will host two online auctions starting Sept. 23, featuring commercial kitchen, cleaning supplies and furniture; and beginning Sept. 30 for ...
WASHOUGAL — Industrial equipment auction company J. Stout Auctions officially opened its new auction yard with a ribbon-cutting ceremony on Tuesday.
Dallas city councilman Lee Kleinman will be looking for new digs if his North Dallas mansion sells later this month.Kleinman's 7154 square-foot...
Following are results from the Tulelake-Butte Valley Fair Rotary Junior Livestock Auction held Sunday, Sept. 8:
London (CNN) A small British auction house has withdrawn from sale a rare Maori cloak which apparently once belonged to a tribal chief, after receiving online ...
For Decades, Red Oak's Coyote Johnson has collected over 100 classic cars and he's auctioning off at least 94 of them Saturday morning. Cars and parts from ...
Scarce in all grades, the 1853 Dahlonega quarter eagle is rare in Mint State and unknown any finer than the MS62 level, assigned by NGC to a coin that we.
U.S. government-bond prices fell anew Tuesday, with the Treasury Department and a crowded slate of corporate issuers adding to the supply of *fresh* debt.
A 1936 Academy Award is among the items going up for auction next month from the collection of the late Turner Classic Movies host Robert Osborne.
TULSA, Okla. (KTUL) — The Berryhill Fire Department responded to a tent fire at the Swick's Auction near West 51st Street and the Gilcrease Expressway ...
Matt Roloff is selling off items on the farm after ex-wife Amy sold him part of her stake in property.
No one bid at the latest Pennsylvania Gaming Control Board mini-casino auction in Harrisburg, which means the state won't give out any more licenses.
Eagles receiver DeSean Jackson is honoring his late friend Nipsey Hussle this season by wearing custom cleats that he will auction each week, with proceeds ...
The public had the chance to purchase some Topeka history at an auction on Thursday.
An extremely rare original copy of Hitler's sinister plan to invade Britain has surfaced and will be auctioned in the U.K. this weekend.
A Red Oak car collector is auctioning off 94 classic vehicles this weekend. When Bill “Coyote” Johnson looks at his collection of classic cars, he sees decades of ...
SPRINGFIELD, Mo. (KFVS) -The 2019 Unclaimed Property Auction for Missouri was held at the University Plaza Hotel in Springfield on Sept. 10 and 11.
FRESNO The Chili Crossroads Bible Church, 29445 County Road 10, Fresno, is planning a benefit auction on Oct. 18 to help support its youth program and its ...
The Bradford Area Chamber of Commerce will hold its BACC Oktoberfest/27th Annual Public Auction on Thursday, Oct. 24 at the Bradford Club, 32 Boylston St.
Actress and singer Olivia Newton-John is auctioning off her famous black leather jacket and skintight pants from the movie Grease to benefit her cancer center.
BRANSON, Mo. — Branson will be having an online auction of a surplus of things that are no longer needed by the city. The auction will happen Tuesday, Sept.
A Porsche that was expected to sell for over $20 million flopped on the auction block Saturday night, after the sale was thrown into disarray by a technical error.
COLUMBUS, Ohio-- The state of Ohio's property auction on Saturday features a wide array of items, including a jukebox, barber chairs, ATVs, walk behind ...
Jacqueline Kennedy Onassis's sister died at the age of 85 in February 2019.
It was a record breaking year for the Community Special Athletes Organization as their annual Sweets Auction at the 45th Annual Fall Festival Pageant raised ...
Higher auction volumes are testing the strength of the housing market recovery.
Legendary broadcaster Vin Scully's first Dodgers contract is on the auction block.
PROVINCETOWN–The annual Consignment Auction for the Provincetown Art Association and Museum (PAAM) is Saturday, September 21. The event begins at ...
The global hard asset equipment online auction market size is poised to reach USD 1.13 billion by 2023, according to a new report by Technavio, progressing at ...
Longtime restaurant/banquet hall building and contents now available in 649 separate lots in an online auction.
One of the most iconic-costumes worn in one of the most memorable scenes from one of the most beloved films of all-time is going on the auction block.
The son of a Holocaust survivor claims a struggling unaccredited Jewish museum is auctioning off a World War II artifact that he inherited without his permission.
Sotheby's will offer a single-owner collection of whisky, the most valuable ever to be sold at auction, with an estimate in the region of £4 million (US$4.8 million), ...
During the event, Cardi B posed for a photo with Rihanna while in her tiered pink ball gown.
The state will put 31 properties owned by debtors up for auction immediately after the process for the settlement of debts to the tax authorities in up to 120 ...
In 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ...
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Two extremely rare coins from The Poulos Family Collection - an 1876-CC twenty-cent piece and a Proof 1975 dime without the S mintmark - sold for $456000.
In the market for a bicycle, lawn maintenance equipment, or even a well-used METRA bus? Head down to the Columbus Civic Center Saturday morning for an ...
2018's Leading Global Wine Merchant Now Offers Auctions on Demand for Aficionados. NEW YORK – September 3, 2019 – In response to increasing demand, ...
EMBARGOED DON'T PUBLISH UNTIL 11 AMThe house that chicken built can be plucked by an auction buyer.
The Monterey Car Week auctions left the collector car world in a state of shock. Sales totals were expected to be similar to 2018 when 850 cars sold for US$370 ...
The second auction for Movieland Speedpark has been canceled.
The annual auction of tax-foreclosed homes and vacant lots in the City of Lockport is scheduled for 6:30 p.m. Thursday in City Hall, One Locks Plaza. As of F…
July 2019 saw the introduction of significant changes to the way in which Frequency Control Reserve (FCR) auctions are conducted. Gone are the weekly ...
The sprawling Pittsburg, Texas estate built for the late Lonnie “Bo” Pilgrim who founded Pilgrim's Pride, one of the country's largest chicken producers in the U.S., ...
The Auburn University Southeastern Raptor Center's annual online auctions for jesses and lures used by its eagles during gameday flights will begin this ...
Browse, bid and save on more than 160 unique offers now through Tuesday in the World-Herald's fall auction block.
Former President Barack Obama's game-worn high school basketball jersey – nearly lost forever in the trash – has sold at auction for $120000.
Bulldozers, portable heaters, dump trucks and military clothing are just a few of several thousand items up for grabs at the Saturday, Sept. 14 auction of Dewey ...
A long-lost Maya stone carving with an L.A. connection, scheduled to be auctioned in Paris, has an illicit history that should concern all involved.
A much-hyped car auction sputtered out in the weirdest way Saturday.
The Ultimate Whisky Collection is being billed by auction house Sotheby's as the most valuable collection of whisky ever to be sold at auction, with a potential ...
So, do you need a used garbage truck? What about a weedeater? Or, maybe, just weedeater parts? How about a used Harley-Davidson motorcycle? If a Harley ...
The run-up in Treasury yields on Thursday accelerated after a lackluster U.S. debt auction for 30-year maturities weighed on prices for government paper. The...
When it comes to a luxury auction, rare watches and exotic cars made popular by the likes of James Bond are a timeless pairing. Equally important, bidding on ...
The 2019 Coweta Band pie auction raised $38000 in just 90 minutes Saturday, which included bids by patrons to put cream pies in the faces of Coweta Police ...
Magic Johnson's 1992 Dream Team jersey is hitting the auction block!!!
Oregon. EUGENE. (Eugene Livestock Auction). Sept. 9. Total Receipts: 855. Comments: Weaned vaccinated calves are bringing $10-$20 more than ...
A judge on Wednesday blocked the auction of a Jewish World War II artifact estimated to be worth millions that a Holocaust-survivor's son says was improperly ...
JEFFERSON CITY, Mo. -- The Missouri Treasurer's office is hosting an unclaimed property auction in Springfield. The auction is both Tuesday and Wednesday ...
Rare, vintage comic books featuring Spider-Man, Batman, the X-Men, Sub-Mariner, Daredevil and many others will be in a massive Comic & Toy Auction ...
Commodity traders Glencore PLC and Trafigura [TRAFGF.UL] have picked up a combined 70479 tonnes of aluminum over the past week by winning online ...
When Google Ad Manager tested the switch to unified first-price auctions this summer, it saw a handful of ad tech players start to win a greater share of ad ...
More than a dozen properties owned by a Chicago nonprofit developer once run by the embattled Rev. Leon Finney Jr. will be sold to the highest bidder next ...
COSHOCTON - The 14th annual Coshocton Business and Professional Women Cake Auction will be at 4 p.m. Oct. 19 at the Frontier Power Community Room, ...
The auction company imagined it would sell for up to $525000.
On September 27th, international auction house Sotheby's will open bidding on "the most valuable collection of scotch whisky ever to be offered at auction"
With every raised number, the price for the property at 3308 S. Cedar St. swelled. The building is a strip mall, home to Naing Myanmar Family Restaurant.
A Marlborough office building that's one-fourth occupied will head to auction in October.
The No. 23 basketball jersey believed to have been worn by President Obama when he was a high school senior sold in an online auction for $120000.
NEWPORT — The North Newport estate of the late William B. Ruger Jr., was sold at auction on Saturday, but the name of buyer and the amount of the winning ...
A Ferrari, sold for £33000, is among dozens of items seized from criminals and sold at auction.
When Ziggy's Building Material closed in 2016, Reno Babcock Auctions was hired to auction off items from the hardware store.
Tulsa Livestock Auction, Tulsa, Oklahoma, reported receipts of 2848 head of cattle selling on Sept. 9, compared to 3391 head a year ago, according to the ...
The highest bid for the rundown tuberculosis hospital, built in 1936 and abandoned since 1973, is currently $40100.
The Baltic nation is heavily dependent on energy imports. A plan for energy independence by 2050 foresees the large scale deployment of renewable energy ...
The auction of the house in Frederick, Colorado, where admitted slayer Christopher Watts killed his pregnant wife and two children in August 2018 has been ...
SAN DIEGO (KGTV) — Two prized pieces of San Diego sports history will be placed up for auction this week. Two awards belonging to San Diego Padres ...
WEST MIFFLIN (KDKA) — A lot of Kennywood fans were upset when the decision was made to close to the Log Jammer, but one local realtor now owns a piece ...
Last month, 95 foreclosed properties in Ingham County were auctioned to the highest bidder, and any money the county made above what was owed in ...
Avenged Sevenfold are offering one fan the opportunity to own one of their original bass guitars that they used to record their first-ever demo.
Good news for the Leelanau Christian Neighbors. A Kalamazoo man agreed to a “buy it now price,” for two tickets to tour the top of the Mackinac Bridge.
CHEYENNE – The Red Lion Hotel and Conference Center is for sale, with an online auction planned for Sept. 30-Oct. 2, Paramount Lodging Advisors have ...
THORNHILL AUCTION *SERVICE* - Ad from 2019-09-15: St. CharleS County land auCtion Unincorporated St. Charles County • ...
NYACK — Three former bar owners are hoping an upcoming auction offers better karma for their business than their relationship — including allegations of theft ...
Maybe the 2020 Toyota Supra isn't the hot ticket that we expected. When the Supra Launch Edition started arriving at dealers last July, we saw quite a few of ...
The Rock Volunteer Fire Department held one it's biggest events of the year today. An auction, consisting of over eight hundred items to be sold, raising money ...
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