They truly have no idea.

[go-tazz]

Received this on a listing that I didn't re-list due to it not being worth it,(it was a BIN at $8.99).

Sell Tip: We recommend changing the selling format to Auction. Similar items in auction format had starting

prices around $6.00 and sold for between $5.00-$10.00

If I started the listing at $6 it would probably sell for $6 and I would lose money on it,(after fees it's a "profit"

of $4.93).

Postage is $5 for a nett loss of 7 cents,(they make money and I lose money is the main reason I don't do a

a lot of auctions anymore).

I'll donate them to the op shop instead,

[amber-eyed-girl]

Tazz, I read something somewhere a while ago from eBay that recommended researching other active listings and recently ended items to give a start price...maybe that is where the relist at six came from. 

[*tippy*toes*]

I played eBay's game one time to see what happened. I can't remember what the actual figures were now, so shall just pluck figures from thin air. Item listed at auction for $16.99 didn't sell, so the recommendation was to lower the price to $13.50 and similar items sold for between $19.99 and $29.99. I lowered the price to $13.50 and again, the item didn't sell. Next recommendation was to reduce it to $9.50 and similar items sold for between $19.99 and $49.99. I reduced the price and it didn't sell again. Next recommendation was to list it for $7.99 and similar items sold for between $19.99 and $199.99.

I relisted it for $18.99 and it sold. I think if I kept relisting it to their recommendation, it would have got to the point where I'd have been recommended to list it for 1c. I am unsure why the price for the similar items kept going up each time, especially the last time where it was a significant jump in price.

I have had some that say to list for 99c and similar items have sold for between $199 and $599. If that's the case, why would any sane person list for 99c? It was those items that made me realise that the recommendations are garbage, because I know for a fact, there is no way on this earth anyone would pay those high prices for those items. Maybe $50 for someone who had no idea of value, but that would be extreme. I'd even checked on external sites and couldn't find any similar items for those outrageous prices.

[go-tazz]

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@amber-eyed-girl wrote:

Tazz, I read something somewhere a while ago from eBay that recommended researching other active listings and recently ended items to give a start price...maybe that is where the relist at six came from. 

---

That makes a lot more sense than starting at 99 cents and it's what they should've been saying from the

beginning,(it would've saved a lot of angst),

[2013tiger1948]

You're right about them having no idea - about anything!!

I usually research similar items before I list them for sale.

I am now receiving emails from ebay headed 'Item you may be Interested in'   and showing me my own listings!!! Duh!

[go-tazz]

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@*tippy*toes* wrote:

I played eBay's game one time to see what happened.

---

I did that a few times when I was listing an auction but decided to just check after re-listing it a few times and

put a price on it that I was happy with,(they've all sold for more than eBay recommendations),

Now I hardly use auctions as they are a waste of time with the items I tend to sell.

I list items at a minimum price that I'm happy with and if they don't sell I put them with a pile which I use to

sell items in bulk lots,