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Fixed price listings work very differently for both buyers and sellers. While there is one distinct disadvantage to selling on eBay for a fixed price, the fact that the market can't drive the price any higher, there are also a number of advantages to this listing type.
eBay sellers who use a set price for their listings have the advantage of knowing exactly what their listings will sell for. They never have to worry that an item will sell for less than they need to make on the item to earn a profit. If they have created an efficient listings, they can plan for the income that the listing will bring instead of just waiting and hoping that the price will be driven up.
Another advantage is that fixed price eBay listings have the potential to end much faster than auction listings. They may end within days, hours, or even minutes, of the listing being created. This means no seven or 10-day wait for the money to come in. eBay seller who need quick cash often choose to sell eBay items for a set price in order to get paid faster for their items.
Choosing a price can often be daunting for sellers the first time they sell on eBay with a fixed price. Pricing the item too high or too low is a definite concern, especially if they need the item to sell quickly. To help set a price that is neither, look through the completed listings for the same or a similar item. This will tell you what that item has sold for in the past as well as how the unsold items were priced. Adjust your pricing to reflect the items that sold and avoid the higher prices that didn't.
About this Author
L. Shepherd has been selling on eBay for 10 years, including three years of full-time sales. To find out how you can do the same, visit Selling on eBay.
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