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What Should the Starting Price be for My eBay Items?

This is a great question faced by every seller when they go to list their items. Here is the full question:

I’m planning to sell an item on eBay that I have been working on. I need to get at least $99 from it. Is it best to start at $99 or would it be better to put it at $0.99 with a reserve of $99, or something else like that?

Thanks in advance.

There are different strategies you can do. You can start bidding at $0.01, but put a reserve price to ensure you get a certain minimum dollar amount.

Or you could just use the buy it now option and put how much you want. You can check the ending prices of items by doing an advanced search (click the link advanced search), and then type in the keyword, and make sure to check the “completed items” box. Then you can find out how the average prices of what your item has been selling for.

I usually do that, and that is an accurate market value. Then I price it using buy it now (so I don’t have to deal with people bidding and not paying), and I check the box where I require immediate payment. It works best for me like that. But either way will work.

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Posted under Making Money, eBay

This post was written by Ben on April 29, 2009

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How Do I Find Sellers That Accept Money Orders on eBay?

This is a great question I recently received:

I’m buying on eBay and I want to buy an item using a money order. How do I easily find items that accept money orders?

Unfortunately, you can’t. I know that sounds crazy, but eBay announced a new policy in November regarding “paper payments.” Sellers now can no longer advertise paper payments in their listings.

In summary, sellers can no longer accept paper payments (cash/money orders) on eBay. It is against their rules. Sellers can only accept paypal, and other credit card/electronic payments only. I suppose eBay is doing this to prevent fraud from sellers getting payments and then never shipping the merchandise. But it seems a little to big-brotherish to me!

I know, dumb move on eBay’s part, huh? I guess because a few bad sellers were ripping off buyers and never sending the merchandise after receiving payment does hurt buyer confidence. But they shouldn’t punish the honest sellers for the dishonest seller scams. Maybe they will eventually remove this policy restriction, when they are about to go out of business!

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Posted under Making Money, eBay

This post was written by Ben on April 29, 2009

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