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eBay Success – How to Price Your Items

Many new sellers don’t realize how important pricing
is when it comes to eBay auctions. Many don’t even
realize that ‘pricing’ needs to be done. eBay is an
auction site after all! But eBay auctions are not quite
the same as the auctions you attend in the offline
world. In fact, quite a bit of work goes into
determining and setting prices.

Essentially, there are only three prices that can be
set for an eBay auction: the ‘buy it now’ price, the
reserve price, and the starting bid price. Of these
three, the starting bid price is the only one that is
required for an eBay auction. The reserve price and
the ‘buy it now’ price are optional. The starting bid
price is fairly simple – never set it higher than $50 or
so – no matter what your item is really worth. This
low opening price will get bidders to your auction.

Setting low starting bid prices creates the need for a
reserve price. A reserve price is the absolute lowest
price that you want to get for your item. You may sell
the item below the reserve price, but you will not be
required to. In other words, if you set your reserve
price at $100, and your highest bid is only $50, you
do not have to sell the item to the highest bidder.
You can close the auction without any negative
feedback or repercussions. Set your reserve price
at the absolute lowest price you are willing to sell
your item for. Keep what the item is worth, as well
as what it cost you in mind.

The ‘buy it now’ option will allow you to set a price,
and buyers can buy the item immediately, without
bidding, for that set price. This option can be used
for any type of item, and it should be set to match
your reserve, give or take a few dollars. This option
is great if you have multiple identical items to sell.

Shipping has a price, and potential buyers take this
into consideration when they are looking at an
auction. If you can see your way clear to offer free
shipping, you will find that people are placing more
bids. Make sure that your potential buyers realize
that you are offering free shipping!

Before setting any prices, you need to determine
what the item is really worth. The value of the item in
different markets might be quite high. However, you
are selling on eBay, and it is a different world
altogether! Find out the price that similar items sold
for on eBay before setting any prices. If it is a
collectable, or a high ticket item, have the item
evaluated to ensure that you aren’t going to lose
money!

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Please Note... All links within articles are placed by their author-owners and not by this blog.Products with in those links may or may not be the best in the world.If it sounds too good to be true it could be a scam.Articles are posted for their info,ideas and or entertainment value only.

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Ebay and Dropshipping, A Marriage Made In Heaven?
by: Ron Keegan

Believe it or not, eBay is the ‘BEST’ opportunity you can use right now to make money online in the dropshipping business from the comfort of your own home.

Thousands of people just like you use eBay auctions on a daily basis to sell and buy products on the Internet; now it’s your time to START your own dropshipping home-based business and succeed in the eBay auctions ‘game’!

There are no special skills required for this dropshipping business, all you need is a computer, Internet access and some basic computer / Internet knowledge.

Dropshipping is when you sell products on the Web, forward the orders to the dropship supplier and, in return, the dropshipper ships the product to your customer (buyer).

You act as the middleman between the dropshipping supplier and your buyer. You can take orders by credit card, PayPal fax or any other method you can think of. You can sell via your own Web Site, Yahoo store, or even through e-mails.

Your profit is generated on the difference between your selling price and the price the dropshipping supplier charges you.

Thanks to dropshipping you can start making money ‘instantly’ without any investment in inventory, warehousing, shipping, equipment, employees or office space.

Having products drop shipped by suppliers, allows you to concentrate on truly important aspects like advertising, sales and promotion.

Pay attention! There are lots of companies claiming to be ‘Drop Shippers’. However, a legitimate drop shipper is a factory-authorized wholesale distributor, or sometimes the actual manufacturer of the product. A legitimate drop shipper should not charge you an ‘account setup fee’ or ask you to place a ‘minimum quantity order’.

Make sure you find legitimate drop shippers who have the product(s) you want to sell, talk with them on the phone or by e-mail and let them know that you are truly serious about doing business with them.

Customer support counts in the dropshipping business, so don’t hesitate to contact dropshipping suppliers before you proceed to work with them.

This will help you decide if you really want to do business with a particular drop shipper or not.

To succeed in the dropshipping business you’ll have to LOOK for hard-to-find products that people desperately need and want to purchase.

The key is to sell products with little or no competition.

Do some research for product’s you want to sell that you think will have little or no competition on eBay.

I suggest you RESEARCH for quality products & legitimate dropship suppliers, MONITOR the eBay auction listings to see if there’s any competition and TEST the market (e.g. find out if people really want to spend CASH on the product you want to sell)

Remember! Dropshipping makes it EASY for you to start and run your own home-based businesses on a shoestring budget; and eBay is the ‘perfect’ MEDIUM to expose your product to potential buyers all over the globe!
About The Author
Ron Keegan runs Megastar Distributors a red-hot Web Site jam-packed with lots of FREE Resources, Tips & Reports on DropShipping & eBay. Pick-up your *FREE* ebook at http://www.Megdis.com to learn more about making-money dropshipping!

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Please Note... All links within articles are placed by their author-owners and not by this blog.Products with in those links may or may not be the best in the world.If it sounds too good to be true it could be a scam.Articles are posted for their info,ideas and or entertainment value only.

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