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How To Price Your Item Correctly On Ebay

Many new ebay sellers often fall into the pricing trap. Either they price their items too high to be unsellable or they price it too low to make any profits.

Ebay Selling, Ebay Seller, Sell on ebay, make money on ebay, auction seller, ebay powerseller

Many new ebay sellers often fall into the pricing trap. Either they price their items too high to be unsellable or they price it too low to make any profits.

Some basic information on ebay pricing. Ebay has three prices that can be set for an auction.

The "Buy It Now" Price

Allow bidders to buy the item at a fixed price immediately without waiting for the auction to end. Effectively, it also means the auction will end once it has a bidder. The only exception will be in dutch auctions.

The Starting Bid Price

Any auction will require a starting bid price. This is the price set by the auctioneer when he/she first lists the auction.

The Reserve Price

This is the pre-determined price set by the auctioneer. Bids will need to exceed or equal to the reserve price before it will be sold. If an auction ends with the reserve price not being met, the item will not be sold.

Both the "Buy It Now" and reserve price are optional on ebay.

It is important that your starting bid price be set low to attract bidders to your auction. My advise would be to set the starting bid as $0.99 or lower. As a rule of thumb, never set it higher than $50.

What do you do then if you can't sell an item below a certain price? The answer is to set a reserve price. That way, you do not have to worry about selling an item below your profit margin.

Also, it will not affect your feedback rating.

Another potential pricing issue on ebay is shipping. Most disagreements between buyers and sellers occur because of shipping cost.

My advice would be not to overcharge on shipping since most buyers take shipping cost into consideration when looking at an auction. Also it is relatively easy for buyers to determine the shipping cost since ebay and most shipping services such as USPS and fedex provide one.

It is fair for sellers to charge a little for handling charges since it take work to package the item and also postage fees. Most buyers would understand however if possible, try to eliminate handling charges except for big and heavy items.

It is also important to first find out the average selling price of your item before even listing it on ebay. This will tell you the starting price you should list and how much is the ending bid.

The most simple way is to browse through the history of the item you are planning to list on ebay. You can get a feel for how much your item is worth and even determine the starting bid by browsing other sellers' items.

 

How To Profit Using Ebay's Saved Search Feature

Did you know that eBay will help you locate products you can buy cheap, then flip for a quick profit? No? Then listen up, because I am about to let you in on a little known feature of eBay that can literally stuff wads of cash in your wallet in less than 24 hours.

This is an eBay tool that I use every day to locate products that I can buy and resell or buy cheap and keep for myself and my family. And the great news is you can use it, too.

What is it? It's eBay's Saved...

Small Business , Search feature

Did you know that eBay will help you locate products you can buy cheap, then flip for a quick profit? No? Then listen up, because I am about to let you in on a little known feature of eBay that can literally stuff wads of cash in your wallet in less than 24 hours.

This is an eBay tool that I use every day to locate products that I can buy and resell or buy cheap and keep for myself and my family. And the great news is you can use it, too.

What is it? It's eBay's Saved Search feature and you can use it to start making money tomorrow.The Saved Search feature that will let you set up a saved search criteria and eBay will let you know when an auction that matches your search criteria has been posted.

Let's say you're on the lookout for a Pete Rose card to complete your collection. You could troll eBay every day on your own and to see if anyone has listed such a card or you can set up a saved search and make your life a lot easier.

Here's how it works....

Got to http://eBay.com and sign into your account. If you do not have an eBay account all you need to do is set up a free buyer's account.

After you're logged in, type in your search criteria into a search window. For this example we will type in Pete Rose. Click submit and you will get a page of search results that match your search criteria.

At the top right of the search results listing you will see a link labeled "Add To Favorites." Click the link.

On the next page you will see "Create a new search" or "Replace an existing search."

If this is a new search select the "Create a new search" button, give this search a name (the search term you used will be in the Search Name box by default, in this case "Pete Rose").

You can select to receive a daily email if there are new items listed that match your search criteria.

Click "Save Search."

Now you will receive an email every morning with new items that have been listed that match your saved search criteria.

If the search term Pete Rose is too broad you will receive notifications for every auction that has the term "Pete Rose" in the title or description. You can always narrow the saved search by adding "Pete Rose Card" or something more specific. Just don't get too specific or you may miss items that you'd be interested in.

How can you use the saved feature to make money on eBay?

Easy, you set a saved search to let you know when something has been listed for sale that you might buy and sell for a higher profit. For example that Pete Rose card might have been listed by someone who is willing to sell it cheap or doesn't know its real value. You could buy the card, make them happy, then sell it for a higher price yourself. This is how commerce works, folks. You buy cheap, you sell high.

Let's look at another example. Let's say you have an eBay shop that sells designer shoes. Naturally you would want to know when someone else lists designer shoes for sale because they may be a competitor you need to monitor or just an individual who has a closet full of designer shoes to sell cheap.

You set up a saved search with the keyword "designer shoes."

Each time an auction is posted with the term "designer shoes" in the title or description, eBay will let you know.

You can immediately check out the auction and if the shoes can be scarfed up and sold for a higher profit, you made money.

I think you would be amazed at how many Powersellers are using this secret TODAY to find merchandise they can buy and flip on eBay.

You should do the same.

If you'd like to learn about other ways you can profit with eBay click here.

 

How To Recognize Ebay Scams

Shopping and selling on eBay can be one of the most rewarding experiences on the Internet. However you need to be careful of scam artists who will try to take advantage of you through various types of fraud. If you do get scammed on eBay there are ways you can get your money back. However, it is very difficult to ever catch the fraud artist and it is a lot simpler if you can recognize and avoid frauds from the beginning.

One of the scams that are very common today is fake ...

Shopping and selling on eBay can be one of the most rewarding experiences on the Internet. However you need to be careful of scam artists who will try to take advantage of you through various types of fraud. If you do get scammed on eBay there are ways you can get your money back. However, it is very difficult to ever catch the fraud artist and it is a lot simpler if you can recognize and avoid frauds from the beginning.

One of the scams that are very common today is fake e-mails that appear to originate from eBay or PayPal or even your bank. Keep in mind that anybody can spoof any e-mail address and send an e-mail that appears to be from somebody else. It is even possible to spoof an e-mail coming from the president of the United States. So when you see any e-mail in your inbox that comes from eBay or PayPal and asks you to log in to confirm your password the chances are that this is a scam. E-mails that you receive of this type will have eBay letterheads or PayPal letterheads and will direct you to a link that appears to be eBay or PayPal. However, if you look closely at the bottom of your browser you’ll generally see that the domain these links point to is not actually an eBay or PayPal domain. It just looks like eBay’s web site, but it is actually a scam site asking you to confirm your password. Once you put in your username and password the fraud artist has it. One of the more popular tactics being used right now is to send a fake payment notification from PayPal suggesting that you have paid for something which you did not buy. The e-mail and includes a link right in the center that says “dispute this charge”, and once you click on that link you are taken to a page that looks like PayPal but is actually a fraudulent web site designed to get you to enter your username and password.

One of the easiest ways to protect yourself on eBay is to use PayPal for all transactions. PayPal is a wholly-owned subsidiary of eBay, and so transactions that are paid for via PayPal can be easily disputed. Since it is in eBay’s interest to maintain a secure shopping environment they are generally very quick to resolve disputes that originate by PayPal. If you buy an item and are not satisfied with it and feel like the seller did not deliver what he promised, it is far easier to dispute that transaction fee with PayPal because eBay can reverse the funds themselves. If you purchased by money order or credit card or some other payment method, eBay does not have the opportunity to reverse charges without going through a third-party.

Whether you are buying or selling items is a good idea to stick with PayPal. If you are selling items it is a good idea to only except PayPal as a payment option. The last thing you need is to get a bad check, or have your buyer dispute his credit card charge. If you have fulfilled your end of the seller’s bargain, then all you’ll need to do is prove that to PayPal and eBay without involving a third-party. Generally speaking, if a buyer is unhappy with a product that you sold and does not consider the product to be in the condition advertised, then you should demand that the product be returned before you issue a refund.

In order to sell on eBay effectively you need to learn how to use reserve pricing. One of the most common schemes on eBay is for someone using multiple accounts to place a low bid and a high bid simultaneously under different aliases. This ties up your auction at the high bid price and allows of the fraud to be carried out when the high bid buyer declines to pay and you are confronted with a low second bid. This scam is effective because the seller feels obligated to sell the item to the second-highest bidder once the auction has fallen through with the top bidder. Placing a reserve is essential to avoid this kind of scam so be sure to set a reserve price at the point where you would not sell the product for any less.

It is worthwhile to note right on your auction page that you reserve the right to back out of selling an item if you suspect fraud. While it is easy to get scammed as a buyer it is even easier to get scammed as a seller. Sellers generally have more experience and can recognize these scams, but you should be aware of the pitfalls of selling upfront before you start selling items on eBay.

EBay is a very safe and secure way to shop if you use it wisely and remain aware of how fraud occurs. It is important to always report suspicious activity directly to the eBay or PayPal. Since they have a vested interest in assuring that reliable transactions occur without fraud you can be sure that they will do their best to prevent illegal fraudulent activity.




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