Selling Expensive Items on eBay

Selling expensive items on eBay is not really any different from selling low cost items. This is because regardless of what you are selling, it's really all about how you market and present your item. No, this this doesn't mean you have to surf around the Internet placing ads all over the place - when you comes to eBay auctions, all the marketing is all done within the eBay web site.

The first thing to do is to determine the value of your item. You need to look at the value from more than one perspective;

You should have your high-priced item evaluated in order to determine what it's actual market value is.
You should research how much similar (or if applicable, identical) items sold for in previous eBay auctions.
You should determine how valuable the item is to you.

Only once you have all this information, are you ready to start thinking about pricing your item, including most importantly, how much you would be willing to sell your item for.

You must remember to set a reserve price, and to set it no lower than the absolute minimum price that you are willing to accept for the item.
You should set your opening bid price lower than $50 – no matter how high your reserve price is. This is simply a tactic to increase the number of people looking at and bidding in you auction. It doesn't matter much of this interest is ridiculously low bids that are lower than your reserve price, because you simply don't have to sell the item to anyone who bids less than your reserve price.

A good description and pictures of the item are important for every eBay listing, but they are especially important for high ticket items. You should aim to provide as many details as possible, including those details that prove the authenticity of collectible items. If your item is in less than perfect pristine condition, perhaps with some marks or scratches, then you must properly and fairly disclose this information in your description. Finally, your description must also include details of how the item will be packed and shipped, including whether shipping insurance is required (this is a good precaution for more expensive items), and any fees that may apply for packing, shipping or insurance.

Even with all this information, some buyers may be concerned about scams and fraud. After all, you are asking them to send what may be a large amount of money to somebody that they do not know. To reassure bidders, you may therefore wish to mention in your description that you are quite happy to use an escrow service (mention which specific escrow services), although it's okay to request that the buyer pay the applicable the escrow fees.

With any business, it is up to the individual owner of said business to ensure the success of the business. You may make more or less than any sample figures or results that might be quoted on our web sites or other publications. All business involves risk, and many businesses do not succeed. Further, Answers 2000 Limited does NOT represent that any particular individual or business is typical, or that any results or experiences achieved by any particular individual/business is necessarily typical.

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