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someone explaing selling on ebay to me
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| neo geo |
| 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. |
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| Silky Johnson |
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| gehzumteufel |
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 ed. you must sell. |
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| neo geo |
| that is what i was wondering. So it is advised to set a reserve then. |
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| gehzumteufel |
| 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. |
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| eRRaTiK |
| 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. |
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| punjabi |
| similar thread = How do I breathe? |
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| eRRaTiK |
| 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.
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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. |
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| gehzumteufel |
| how about say ebay. sell on craigslist? |
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| 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. |
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| Xenocreator_PG_ |
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. |
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| eRRaTiK |
| 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. |
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