I would like to sell a few items but If i dont get the minimum that I need, how can I protect myself from losing money? Please be specific.
2007-11-29 10:33:09 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
You can't. You MUST sell at the winning bid price. The rule of thumb is to not start your bidding out at less than you'd be willing to accept for your item. Or like the others said....have a reserve price, however, be aware that that can scare bidders away because they will assume that the price is too high.
2007-11-29 10:40:44 · answer #1 · answered by First Lady 7 · 0⤊ 0⤋
Put in a "reserve price", but before you do that, do an ebay search to see what the items you're selling are going for on ebay. If they are doing well and you think you might get that for your items, then go for that. People are more likely to bid on items without a reserve and also people bid on items with a higher number of bids.
2007-11-29 10:38:07 · answer #2 · answered by Cameron C 2 · 0⤊ 0⤋
When you fill out the auction listing form, you can specify a reserve price. Your item will not sell unless that minimum is met or exceeded.
2007-11-29 10:37:46 · answer #3 · answered by kuntryguyy 4 · 0⤊ 0⤋
Well, all I can say that practice makes it perfect, if you selling first time on eBay, well all I can tell, that if you don't know enough, you will make a loss.
2007-11-29 10:41:46 · answer #4 · answered by Robertas D 3 · 0⤊ 0⤋