When eBay offers free buy it now I try to always use it. Why? Let me show you.
I recently purchased this Nike tennis skirt.
Nike Tennis Skirt Size 4-6 black fit-dry
They usually do pretty well so I listed it for $7.99 with $3.50 shipping and a buy it now price of $14.50.
That is a higher BIN price than usual but I thought that people might bid it up so I wanted it to be out of bidding range.
It sold with in hours for the $14.50! Sweet! I’m pretty excited about this and now wish I would have bought the glass dishes I saw at the same garage sale since this would have paid for that splurge! Oh well, ya never know!
PS: This also shows you don’t always need a great picture of your item.
My tips for Buy it now pricing:
- List it only for what you will be thrilled with if it sells.
- If you don’t know its top dollar worth (used) then don’t use the BIN. You might cap off something that could go higher.
- If you start something at .99 cents I would say don’t do a buy it now price. It can turn people off when you have something for that little and you have BIN for $40 or something. Makes you look vain and greedy.
- Buy it now is great for large electronics. Like laptops and even cell phones. People looking for these usually don’t want to sit around in a bidding war. I list these with BIN even if eBay isn’t running a special. They always do very well and usually are bought using BIN.