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For more information about B2B Collections Please visit eBay Reserve Pricing Business Articles | December 17, 2009
At this point, I?d like to mention the concept of the eBay reserve price. In an auction-style listing, the seller can set aminimum price for an item, such that if bidding never reaches thatprice...
At this point Chris Godwin Hoodie , I?d like to mention the concept of the eBay reserve price. In an auction-style listing, the seller can set aminimum price for an item, such that if bidding never reaches thatprice, the eBay auction will end with the item unsold. That minimumamount is the reserve price.

Why set a reserve price?

Sometimes sellers decide that, for whatever reason Justin Evans Hoodie , they simply cannotsell an item for less than a given price. But they?re concerned thattheir minimum starting price will be just high enough to scare offpotential bidders. Using the eBay reserve price option allows them toset a lower starting price?in hopes of inspiring that auction fever?butstill assures them that, if they don?t get their minimum, they don?thave to sell the item and thus will be able to relist it later? andperhaps get their reserve price, or more, at that later time.

The eBay listing for such an item will note only that a reserve priceexists O. J. Howard Hoodie , and whether or not the latest bid has met the reserve; thereserve is never displayed to bidders, but they are permitted by eBay?spolicies to ask the seller about the reserve price. The seller, inturn, is free to release that information to the bidder, or not.

As with deciding on your starting price Carlton Davis Hoodie , you should be realistic aboutsetting a reserve price if you choose to use that option. Keep in mindthat setting a very low starting price in relation to your eBayreserve?for example, starting bidding at $1.00 when your reserve priceis $500.00?could backfire; bidders may get tired of bidding if they see30 or 40 bids that have yet to reach the reserve. Your starting priceshould be far enough below your reserve to inspire people to bid, butclose enough to it to give them a realistic hope of reaching orsurpassing the reserve with their next bid or two.

If your reserve price is significantly higher than the average eBayselling price you find in your research of completed listings, you maywant to consider holding on to the item a while, to see if the closedauction prices increase over time ? or to see if your desire to setsuch a high reserve changes. There is Vita Vea Hoodie , after all, no law that says youhave to sell it right now, or at all.? An inclination to set a highreserve price may be your psyche?s way of telling you that you aren?tquite ready to let that item go. Listen to yourself and act accordingly.

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