The Terrible Truth about Reserve Auctions in Ebay
Reserve auctions are very popular on eBay. They are designed to be
beneficial to both buyers and sellers in different ways. Buyers can use reserve auctions to their advantage
for several reasons.
The same goes for sellers. In this article, we will talk about one of the more commonly used eBay listing options.
Sellers can use auctions as a powerful business tool for eBay business. Take a
look at the best ways to make auctions work for you whether you are on either the buying or selling end.
Reserve Auctions and eBay Buyers: Many sellers use eBay auctions as a place to source items to spruce up and
resell on for a profit.
It's easy to find items that have been listed in the wrong category, or which have poor product images.
This all adds up to less bids from most buyers. However, if you can look past this, you can easily find some
great bargains to resell on eBay. Reserve Auctions and eBay Sellers
Reserve auctions can be one of the best tools that an eBay seller has on their side.
Sellers can use reserve auctions to work for them the following ways:
* It is an excellent way to test the selling price for a product if you have multiples
When you set the reserve at your minimal accepted price point and watch the bidding begin you will have an
excellent measure of how much buyers are actually willing to pay for a product.
* Reserve auctions help eliminate buyers that are not serious. So many sellers
experience the same dilemma at some stage:
They set a very low reserve that attracts plenty of buyers, but mindless bidders come along and place their bids
with no real intention of buying.
This can waste a lot of your time! By starting with a more realistic reserve, you can help to
reduce the number of dodgy bidders.
* When you use reserve auctions it helps you stay focused on
your bottom line for profitability. If you know that your products need to be sold for X amount
to break even or make a minimal profit, aim to set that price as the reserve.
* Reserve auctions are a seller's way of clearly showing that an item is worth a certain dollar
amount. It is the seller's responsibility to make sure that they really are setting the proper
Do not use reserves as a method of trying to recover the losses from a bad deal that you made on a product or
If you appreciate and respect a reserve auction for what it is intended to do everybody involved in the
transaction will win. Buyers usually end up getting an item they want at a fair price.
Sellers complete a transaction that has made them some profit and eliminate the hassles of dealing with bidders
that were not seriously interested. This is one of the best way to
sell on eBay for win-win situations.
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