PRICING YOUR ITEMS, ARE YOU A TURN AND BURNER OR HOLD OUT FOR THE BIGGER BUCK?

I suppose its all about the type of products you sell. If you sell old , new or collectables may make a difference in how you need to price your items for resale. When selling your items on eBay, Amazon or any online platform you are competing with thousands of other sellers online. They may not be selling what your selling ,but some are and they want to sell their products too.

  One of the most important actions to do is research. If you have been selling for any amount of time you should already know this. Ebay has one of the easiest platforms to do research on, if the product you are selling is on there. In Ebay you can easily put what you have in the search bar, and if its there on Ebay it should come up, if the product is selling on their site.

Once you have found your product you should see that there are other sellers selling the same thing, and the prices that they are asking for that product. Now this is only part of the battle, on the left hand side of the page you should see some links running along the side. You want to scroll down until you see completed listings and sold listings.

Completed listing will show you the listings of sold and unsold items and how they were listed, both auction style and fixed price to give you a idea on what listings sold or did not sell. If they were free shipping or paid shipping and how much were the seller is charging for shipping to get a idea where you should be on your listing.

Sold listing work hand and hand with completed listing, that it separates them and only gives you the sold listings. Use sold listings to give you the percentage of sold verses completed listing. If the Completed page shows 1500 listing and the sold page show 800 sold listing, that would mean that over 50% of the items sold out of 1500 items listed with in that 90 days, and giving you a great chance to selling your item if you price it correctly.

 I use these all the time when determining where I'm going to price my items. Generally I look for the highest and the lowest and throw them right out, and try to be someplace in the middle depending how much I need for profit on that particular item.

Profit may vary on what its selling for, and what I paid. If I have item that I got for nothing or paid very little I usually sell those items on the lower end  for the turn and burn affect. This is all about what it is and the value of the items at hand. I may what more for a item and am willing to sit on it for a while to see if I can get more money, if that item is rare or there seems to be a lot of interest in a item.

Don't flabbergast yourself with over researching, unless you have something of huge value.  The name of the game is to make money ... yes, but sometimes them smaller and cheaper items are better to turn and burn for the easy quick money so you can save for them one of a kinds, that will bring you a nice little payday down the road.

And don't forget LIST LIST LIST