Starting Price determines Success Selling on Ebay
Of all the research we have done and all the interviews we have conducted with eBay Power Sellers, one thing they all share is the solid foundation of details the average joe would overlook when starting their ebay business. We’ll start by looking about finding the right price to start your bids at to get you the most bids and the highest price for your listed item.
The Price has to be Right when starting your Auction
The most widely accepted theory amongst ebay sellers is that you will want to start your bidding price at the amount you paid for the item. Too high of a price and you will scare away potential bidders and too low of a price runs the risk of losing money on your investment. Starting the bid off at your own cost is a safe way to go, but to truly succeed on eBay, you’re going to have to work just a little bit harder than the average joe.
One recommendation we have is to start your research in the “Completed Auctions” section so that you know how much your items are selling for. One other important piece of news you will learn is the demand for the item you have for sale. If there is a high demand, then you know you can start off your bids low so that you can attract more potential bidders. All kinds of businesses do this type of marketing when they know they have an item that is high in demand. The lower the price, the more people are going to notice your listing!
Just remember that if you list your price too low (less than a dollar), it’s going to take more bids for a person to win your item, so you will run the risk of losing them because they will get frustrated with the process of having to refresh your listing.
Here’s a table to show you the correlation between bid increments and current bid price:
| Highest Bid | Bid Increments |
| $0.01 - 0.99 | 0.05 |
| $1.00 - 4.99 | 0.25 |
| $5.00 - 24.99 | 0.50 |
| $25.00 - 99.99 | 1.00 |
| $100.00 - 249.99 | 2.50 |
| $250.00 - 499.99 | 5.00 |
| $500.00 - 999.99 | 10.00 |
| $1000.00 - 2499.99 | 25.00 |
| $2500.00 - 4999.99 | 50.00 |
| $5000.00 or more | 100.00 |
At the end of the day, it is up to you know to know your product and do the proper research to see what the demand is for the item you are selling. Once you have figured that out, use these numbers to figure out how what you’re going to start your bids at so you can find the right balance of pricing and bidding.
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