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Selling expensive items on eBay is not any different from selling low-cost items. Essentially, no matter what you're selling, it all comes all the way down to how you market the item.
This doesn’t mean you've got to surf around the Internet placing ads here and there — when it involves eBay auctions, the marketing is all done at the eBay website.
When you set up your auction, you're putting in an automated marketing campaign. First, you want to determine the worth of your item is, in three, alternative ways.
This can facilitate your determine what your reserve price is. On eBay, the reserve price is the lowest price that you just are willing to accept your item. First, have your highest-priced item evaluated to work out what the particular market value is.
Next, research similar items from past auctions at eBay to determine what price those items sold for. Finally, determine what the worth of the item is to you.
With this information, you ought to be ready to determine the rock bottom amount you're willing to sell the item for. Set your reserve price, and so set your opening bid price under $50 — irrespective of how high your reserve price is. this is often a marketing tactic.
It will be hard to draw in potential buyers to an auction for an item selling for hundreds or thousands of dollars — but getting them to an auction where the opening the bid is just $50 is kind of simple.
Remember, you don’t have to sell the item to anyone who bids but your reserve price — unless you select to try to so at the close of the auction.
This method of price setting resembles marketing gimmicks employed by offline businesses that are simply designed to urge customers in the door.’ Work hard on the outline for your listing.
Use words that describe your item well. Provide as many details as possible, including details that prove the authenticity of collectible items. Include pictures of the item also.
Don, 't attempt to deceive potential buyers! If the item has marks or scratches, simply be honest about it, and confirm that the photographs convey this moreover.
State how the item is packed and shipped. Also, let potential buyers know that shipping insurance must be purchased similarly — just in case the item is broken once it leaves your possession.
For higher-priced items, most eBay buyers feel more comfortable using escrow service.
Offer this as an option in your auction, with the understanding that the buyer must buy the service.
This protects both parties from fraud, and it makes many buyers more opened to spend the money to get the item. eBay has partnered with an escrow service that's commonly used for prime ticket items.
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