101 Tips For Making Money On Ebay
88. Reserve Pricing
88. Reserve Pricing
Reserve pricing cannot be seen by the buyer, leaving them to question how much you are really asking. For example, if you had an office printer for sale, you might list a reserve price, or a "hidden" base figure of $100. However, to the buyers, in their opinion, this printer is not worth more than $60 since this is the average price from other sellers for similar equipment. As the buyers start bidding close to $60 and they see that the reserve has still not yet been met, they will quickly stop bidding, unsure of what your "hidden" base is. When you use reserve pricing, it does not help to build buyer/seller confidence and should be avoided.
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89. Professional Ads
Keeping with the importance of a professional looking auction, if you need assistance, use the Instant Ad Creator, which will walk you through the process to a great looking ad.
90. Integrity
Regardless of whom the buyer, work with integrity and run your auctions accordingly. More than likely, you will run into some difficult buyers, although not often. Keep in mind that every buyer provides the best form of advertisement - word of mouth. Integrity is what will draw customers in and keep them coming back along with friends and family.
91. Openness
If a buyer makes a recommendation, listen. That does not always mean you will agree or even like their recommendations but if they have something to say, it might be something important to making your auction site better for future buyers. For example, if your shipping information seems muddled to the buyer but clear to you, you need to review what you have written. If the customer is struggling with understanding, that is truly what matters.
92. Product Knowledge
Just like working a job that you love, if you plan to get serious about selling on eBay, focus on things you know about and provide interest. In turn, this will allow you to "sell" the product with knowledge and passion.
93. Entrepreneur Spirit
Rather than just look at this as selling items on eBay, adopt an entrepreneur spirit. Get serious about this venture and look at is like a business rather than just getting rid of things you no longer want laying around the house.
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