Technology Tip: How to determine the right prices when selling on eBay

Technology Tip: 

How to determine the right prices when selling on eBay 

This blog was reprinted from the CNet article

It's easy to accumulate too much stuff. Sometimes it's because you receive a lot of random gifts or couldn't resist a sale item; other times, it's because you want to make room for new stuff. But now you're trying to sell your rarely used items or collections and you have no idea what to ask for them.

Why spend time scouring the Internet looking for what everyone else thinks an item is worth? Wouldn't it be easier to just see how much people are paying for similar items right now? Luckily, eBay lets you view two types of auctions that can help you nail down the right price.

 

First, you can check out auctions that have a "Buy it Now" option. Just put a check mark next to this option under the buying formats in the left-hand menu. These auctions will show you a set price for an item, without any opportunity for going higher. If that's what others are willing to let go of their similar item for, chances are that you should be somewhere in that same price range.

Second, you can browse through auctions that have already ended, as suggested in a recent Lifehacker post. To do this, just check off the box next to "Completed Listings" under the Show Only heading in the left-hand menu. This option is different from Buy it Now in that you will be able to see previous sales for items that don't have any current auctions. It can also point out prices that are too high, since red prices denote an item that did not sell.

How do you determine the value of your items? Or do you have any other neat eBay tricks or tips? Share your thoughts with us in the comments below.

Have a great day!