Pricing Theories/Opinions
I haven't come across it much consistently on eBay with razors but have had issues in the past where attempting to do a good thing resulted in a non-event and random salesmanship resulted in a sale. The best example I have is when my kids were pre-teen and no longer wanted their swing set we decided to sell it... That was before Craigslist was very popular and when Newspaper Ads were still too expensive so we put the Ad in the Thrifty Nickel... "Swing Set in great shape. FREE! Just contact for pick-up." Absolutely nobody contacted for two weeks. Back then if your stuff didn't sell you got to change your Ad. Feeling frustrated and not knowing what to do as it truly was in very good, nothing broken, usable, likely to last another 10 years type shape, I just don't have a truck to move it so come get it... I put $100 figuring I'd get someone all riled up calling me out on it and I could explain to them I tried to give it away and they were welcome to it. Surprisingly, someone called the very next day really excited about the swing set and would absolutely have none of it when I told her I wanted no money whatsoever but just could not get anyone interested with FREE so changed the Ad... She insisted on paying $50 and it was gone before noon the day after the Ad was changed.
So, then, the same question kind of applies with eBay... Do you put up great items for ridiculously cheap prices and work your butt off to answer emails, buy tape, use gas, etc to sell something for .99 cents or do you put a price on it out of the blue and just see where it goes from there? eBay has free listing until the 27th so I'm trying something similar where I put a price quite bigger than I think something is worth and am just waiting to see what happens.
Are there ethics to the pricing? Obviously there are great examples of obfuscation, mis-labeling, poor/shady photography, ignorance of details, etc on eBay but where do you fall in regards to price? Sell it as cheap as possible hoping to get it to someone who will use it and not flip it or put a price on there that you have no clue about and sit back and see what happens? And, in the end is it just dumb luck/Salesmanship or is there a method used for pricing?
Just random curiosity... Thanks for any and all information!
Shawn
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