Former Ebay store employee Sean Blanda lays out some practical tips for auctioning off your stuff, from the best times to run your auction to how to encourage a bidding war.
For instance, he says photos of whatever you’re selling is a must, and that you should avoid setting a reserve price:
Whatever you do, unless you are selling a car, or your soul: DO NOT PUT A RESERVE. Reserves scare away bidding wars. Unless your item is ridiculously in demand, don’t bother. A reserve will just frustrate bidders, costing you time and listing fees. I can’t tell you how many times I have to talk frantic customers out of reserves for their $30 Stone Cold Steve Austin commemorative plate.
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