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Question about selling on eBay...

Turkish

Turkish

Lifer
Let's say that I have 2 17" Samsung LCDs that I want to get rid of. How should I set the beginning and reserve prices? I'll probably put the beginning price to $0.99 but not sure what I should do with the reserve price. These monitors go for $200-$250 on eBay (each) and I was wondering if I should put a $150 reserve on one of them and $200 on the other? What do you all think?

Thanks.
 
set the beginning price at what you would set the reserve at, and leave it at that. Your not willing to let it go for lower, ebay charges the same either way. Its just annoying to have a reserve when you start at $1.
 
Originally posted by: Pciber
set the beginning price at what you would set the reserve at, and leave it at that. Your not willing to let it go for lower, ebay charges the same either way. Its just annoying to have a reserve when you start at $1.
Click to expand...

but part of the pyschological effect of ebay is the bidding up part. So having a low start w/ a higher reserve seems better to me in the long run. there's just something about outbidding someone and bidding wars that drive up prices higher.
 
Originally posted by: Pciber
set the beginning price at what you would set the reserve at, and leave it at that. Your not willing to let it go for lower, ebay charges the same either way. Its just annoying to have a reserve when you start at $1.
Click to expand...

agreed
 
A reserve price will pay for itself if the reserve is met. Otherwise the fee is not refunded. The good thing about reserve auctions is that you are not bound to sell if you do not get the price you want. The bad is that many ppl dont like reserve auctions. But ppl seem to prefer low opening bid amounts and reserve auctions to high opening bid auctions.

and, if you dont sell it the first time, you can relist for free... so if you set a high reserve, you will only be out the reserve fee if it doesnt sell. That is if you have the time to wait before getting rid of them.

🙂
 
Originally posted by: KarenMarie
A reserve price will pay for itself if the reserve is met. Otherwise the fee is not refunded. The good thing about reserve auctions is that you are not bound to sell if you do not get the price you want. The bad is that many ppl dont like reserve auctions. But ppl seem to prefer low opening bid amounts and reserve auctions to high opening bid auctions.

and, if you dont sell it the first time, you can relist for free... so if you set a high reserve, you will only be out the reserve fee if it doesnt sell. That is if you have the time to wait before getting rid of them.

🙂
Click to expand...

thanks for the responses. i think i'll go with the reserve price. i didn't know that i could relist it for free if it doesn't sell, so thanks for the tip KarenMarie.

 
Originally posted by: HonkeyDonk
Originally posted by: Pciber
set the beginning price at what you would set the reserve at, and leave it at that. Your not willing to let it go for lower, ebay charges the same either way. Its just annoying to have a reserve when you start at $1.
Click to expand...

but part of the pyschological effect of ebay is the bidding up part. So having a low start w/ a higher reserve seems better to me in the long run. there's just something about outbidding someone and bidding wars that drive up prices higher.
Click to expand...

cancelled out, imho, when I see "reserve not met"
 
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