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<p>[QUOTE="MrNate, post: 384297, member: 5515"]I deal with this issue of valuation of an item from time to time. I typically take one of three different approaches:</p><p><br /></p><p>1. Option one is to list the item on ebay "buy it now" with a price higher than you think it is actually worth. Once a week, step the price down a little bit and definitely pay attention to how many views you are getting.</p><p><br /></p><p>2. Option two is to list the item on ebay auction with a starting price where you think the fair value might be. In your example, you thought it might be worth $330, but perhaps much more. Listing at that price at auction, you might just get a few collectors going into a bidding war, revealing the true value (and selling it).</p><p><br /></p><p>3. Option three is to list the item on ebay auction at 99 cents. Now this might sound crazy, but I only do this with certain items. In order for me to list an auction at this price, I have to feel confident in two qualities: the item has to be in high demand (lots of collectors) and low supply (not many other options out there).</p><p><br /></p><p>One final note, there's some interesting research that suggests that the most profitable time to end an auction is around 4-7pm on a Sunday. It makes sense actually, the bidders are likely to be at home, available to bid and the whole weekend to get a few extra views. Best of luck and I hope my advice helps you in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="MrNate, post: 384297, member: 5515"]I deal with this issue of valuation of an item from time to time. I typically take one of three different approaches: 1. Option one is to list the item on ebay "buy it now" with a price higher than you think it is actually worth. Once a week, step the price down a little bit and definitely pay attention to how many views you are getting. 2. Option two is to list the item on ebay auction with a starting price where you think the fair value might be. In your example, you thought it might be worth $330, but perhaps much more. Listing at that price at auction, you might just get a few collectors going into a bidding war, revealing the true value (and selling it). 3. Option three is to list the item on ebay auction at 99 cents. Now this might sound crazy, but I only do this with certain items. In order for me to list an auction at this price, I have to feel confident in two qualities: the item has to be in high demand (lots of collectors) and low supply (not many other options out there). One final note, there's some interesting research that suggests that the most profitable time to end an auction is around 4-7pm on a Sunday. It makes sense actually, the bidders are likely to be at home, available to bid and the whole weekend to get a few extra views. Best of luck and I hope my advice helps you in the future.[/QUOTE]
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