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-- someone explaing selling on ebay to me

someone explaing selling on ebay to me

I have bought off ebay several time , but im a first time seller and im a little confused about how it all works. If i put something up for auction do i have to sell it even if i does not reach my desired price. It cost me like $10 extra to set a reserve, but i thought you had to set a reserve. If i put something up for auction and im looking to get about 2 grand for it but the bids only reach 500$ am i required to sell it if i dont have a reserve price set. Sorry for such dumb questions but i have never sold on ebay before.

you post, people bid, you get paid, you send item. whats there to explain?

oh and to answer the question..its called a reserve for a reason. if it doesnt reach the reserve then your not required to sell. if you dont have a reserve your fucked. you must sell.

that is what i was wondering. So it is advised to set a reserve then.

quote:

Originally posted by neo geo that is what i was wondering. So it is advised to set a reserve then.

if you set a reserve it says "reserve not met" until it is met. they dont know the reserve though.

quote:

Originally posted by neo geo that is what i was wondering. So it is advised to set a reserve then.

it depends on a few factors such as your strategy, what you're selling, what the market wants (supply vs demand), how well you advertise the item, etc.

from past experience if you set a reserve people tend to avoid the item unless they really need it. if your reserve is too high then your item won't sell and you still get charged listing fees. buyers have a tendency to overvalue their items so i'd be looking at comparable auctions to see what they're getting. also helps to know retail price.

if you don't set a reserve and place the starting bid at $1 then potential bidders might get caught in the IDEA that they might be getting a bargain. Then there's the bid wars where people psychologically bid simply to outbid other buyers.

ebay is a game, whether you buy or sell you need to learn how to play.

similar thread = How do I breathe?

quote:

neo geo wrote on Today 11:41: What if i dont set a reserve and the highest big is only $1. Do i still have to sell. So you would advise not setting a reserve. If they dont bid high enough and i dont want to accept that low of a bid am i still required to sell the item. Thank for giving mature replies.

it's your call.

reserve + price too high = no sell
no reserve = must sell

you may choose to set your starting price at a point you'd be ok to part with.

just weigh up how badly you want to sell the item versus how much you're willing to get rid of it for.

how about say fuck ebay. sell on craigslist?

Im trying to sell a piece of jewelry online. I have looked at several other pieces of jewelry and they dont have reserves and the highest bid on some of the pieces is just $5. I know these companies are not going to sell those pieces for just $5. OH well i will just set the reserve even though it cost $20 to put a reserve on it.

Ebay is an easy site to use. I will give you some usefull hints that will help you take you first Ebay babysteps

1) Never reply to a investor on the first date, take his money of the 3rd or 4th day as it will keep the romance interesting.

2) Take a chance & eat a fish eye ball. Sure the white meat tastes good, but good Ebayers take chances & try new things. Try the fish eye ball, you may be surprised it tasted like jelly.

3) Hold in your farts when bidding. You dont want to let a smelly one escape while you are about to place an important bid, it may take you off your game; then the next thing you know you have been out-bit. Hold in the fart, keep it deep within your bowels.

4) Do her in the pooper, ebay will appreciate it.

quote:

Originally posted by neo geo Im trying to sell a piece of jewelry online. I have looked at several other pieces of jewelry and they dont have reserves and the highest bid on some of the pieces is just $5. I know these companies are not going to sell those pieces for just $5. OH well i will just set the reserve even though it cost $20 to put a reserve on it.

$20 fee for a $5 return. Dude that's financial suicide.

no im putting the reserve so that i am not forced to sell my ring for only $5 when that is the lowest bid. I just dont understand how all these other companies dont have reserves for these rings that cost in the thousands. So if my piece does not sell im out $40 for listing it. Ebay does not sound all so great for the prices it cost to list the item.

really depends on your item.

ebay is definitely great for reaching a larger market than say a local classifieds.

have you looked at auctions that are about to close? are they only getting $5 bids? Sometimes a lot of the bidding action occurs in the last 24-48 hours when people rush in to try and get bargains.

quote:

Originally posted by jennypie

Is that a self portrait?

quote:

Originally posted by leph555 Is that a self portrait?

or perhaps that was lunch?

yeah some of these auctions only had like 2-3 hours left in them. Oh well if my item does not sell i guess im just out $40.

what about the buy it now prices. If they dont bid up to that price do i have to sell it for the lower price. Thanks for all the help.

quote:

Originally posted by neo geo what about the buy it now prices. If they dont bid up to that price do i have to sell it for the lower price. Thanks for all the help.

If you have a Buy It Now price, as well as a starting bid price, the Buy It Now price will disappear as soon as a bid is placed on your item. You can, however, opt for a Fixed Price listing, which means no bidding at all, you just set the price you want for it and some one will either pay that price, or they won't.

cool, i think i will start doing a fixed price listing for now on. Thanks for all the help.

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