Sold Price on Auction wa very Low

[qmanage2010_5]

I am very new to this e-bay auction. Recently I listed 2 items fr auction. each items were around $250 but during auctionhighest bid I received were for $6  and $8 . I know I have stuffed it from my side and I requested buyer to cancel transction but can you suggest any other solution for this if buyer refuses to cancel transction ?

Regards

[twyngwyn]

you can either keep your end of the bargain and put it down to experience & realise your losses (you'll never do it again).....or refund the buyer, cop possible negative feedback (this may affect anyone else buying from you) & crawl away.
It really depends whether you want to sell here again

[chameleon54]

The way to make sure this does not happen in future is to start your auctions at the minimum price you are willing to accept. If the item is worth $250 but you would sell it for $150, the $150 becomes your starting price.  Another option is to list the item as a fixed price "buy it now"  or BIN. This is like an advertisement where the price is fixed and not negotiable. If you are willing to listen to offers there is an option to  include offers in the listing, but be warned you will get some silly ones. It is best to list BINS for 30 days to gain maximum exposure.

[audio-spot]

Auctions sadly are now only guaranteed to fetch a fair market price if it is a highly sought after item, such as an iPhone.

You could advise your buyers that it is the first time you have sold anything, that eBay suggested you start at 99c, and that you thought they would go for more.

However, are similar items going for $250? Since they both went for under $10 I suggest the current market value may be well under your current valuation?

[247newdeals]

I doubt very much you will get anywhere close to $250 on Ebay I just had a quick look sourced them quickly ( I know with a bit of work I can get a far better price) and the max ebay price I would hope for is $75-$90 and I would expect them to sit for months, if not a year, unless I got very lucky.I would say if you want to sell them on Ebay forget auction put them BiN with the price you hope to get and just keep them listing. If you want to do an auction you need to start at the bare minimum you will take but do not get upset if you get 0 bids.

What ever you decide to do I really would advice taking time to getto know how Ebay works before listing especially if your hoping for such a high mark up

[Anonymous]

Best thing to do is honour the sale,learn from your mistake and be be careful next time

As said, if you want/expect those kinds of prices, it is VERY unlikely you will ever get near that selling on Ebay

[springyzone]

If the buyer refuses, refund their money anyway.

Just don't go ahead with the transaction. No one can force you to.

Okay, so you made a mistake, but if that item could get $50 plus and you have a winning bid for $6, that is too much of a loss. Just because you made a mistake doesn't mean you have to give your items away.

The disappointed buyer will be able to give you negative feedback.

If I were you, just cop it.

Then relist at a buy it now price or starting price you would be happy with, as others have said.

Also try gumtree. Put a higher price on there as they work the opposite to ebay, people negotiate down.

[cathyjoyjoy]

In addition to what others have suggested here, make sure you research what an item is actually worth (rather than what you believe it should be worth).

Check "completed listings" in eBay (which includes sold and unsold items) as this will give you an indication of whether the items are selling at all AND the amount sold items sell for.

Checking the items on Google can be a revelation also.

[*tippy*toes*]

I had a quick look on eBay last night and for the large pots, the prices were ranging from (I think) $75 up to about $240. The OP may have looked at those prices and gone with the higher value to get an estimate of worth. Checking the sold items definitely gives a much better indication of what people have paid.

[englishrosegardens]

I may be wrong but from reading the forums I don't know that buyers can refuse to cancel a transaction any more.  If they do refuse and you end up out of pocket for the selling fees, you're still a lot better off to pay the selling fees than to be out of pocket so much on the sales.  Try and explain nicely to your buyers and hopefully they'll feel sorry for you.  After all, buyers can make all the mistakes in the world and don't get penalised, so why can't sellers make the odd mistake?  I hope it all works out for you!