When I first started Ebaying 2 years ago, I read a lot about different pricing and selling strategies. I read about some people who sell using only auctions. Others only BIN (Buy It Now).
What I found to work best for me is to price things in the higher categories and offer a Best Offer option. You’d be surprised how many items will sell at full asking price even with a Best Offer. I also like to price things higher as I’ve done plenty of research on identical items that have sold all over the place in terms of price. I was willing to wait for that buyer that was willing to pay more. I know that some folks like to price things a little lower so that things move off the shelves..which leads me to selling strategies.
I normally just price things high and let them sit until they sell. However, this week I went through my store and have actually created sales on most of my items that have been sitting for a long time..the sales anywhere from 20% – 40% off. I guess I’m kind of tired of looking at some of this stuff and want it to move. I have so much new inventory to list and limited space to put it once it’s listed and I want some of this old stuff GONE!
I’m also definitely more selective regarding what I buy. I was looking at some old things that I have and was considering donating some of them back to Goodwill. This doggy bank is one example:
On Saturday I was going through my listings and thinking I was going to get rid of this bank as I had listed in on 9/12. I did sell it once before in 2012, but when the lady realized what shipping would be to the UK, she backed out. Then not even a bite. As soon as I decided to get rid of it, BAM,the next day I got a best offer of $9. I paid $1.99 for it and shipping was $2.21. So at least I made my money back.
Hopefully some of the old inventory will start moving soon.
What are you pricing/selling strategies? I’d love to hear from you!