There are a few easy steps to determine what price you should set when listing an item for sale. Whether it is a new or a used item, this article provides some helpful tips for setting an item price that is competitive and helps it sell for a fair market value.
Research competitors
Amazon.com and Walmart.com are helpful places to see what vendors are selling their new products for in the current economy. If you are reselling items that can be found there, it is best to be at least $5 below their prices.
eBay.com has a fantastic feature to see what buyers are willing to pay for items. Do a search for an item you are planning to sell. Then go to the “Show only” filter and check the “Completed Items” checkbox.
This will show all the items that have sold recently. At the top, set the sort to “Ended Recently“. You can now see (in descending order) which items successfully sold recently, for what price, and in what condition.
Google Shopping aggregates items that are for sale from many websites. Search for the item you are planning to sell and then set the “Sort by:” at the top to be “Price – low to high“. Since people love to “get more bang for the buck” they often order the results in price ascending order, this helps you see in what position your item will show up when you list your item for sale.
Start selling
Spot It Marketplace (www.spotit.us) has the best of all worlds.
- You can list an item for sale for cash like Craigslist but you are also able to take secure payments using a credit card payment (powered by Stripe).
- Take advantage of the integrated shipping (powered by Shippo) which allows you to generate shipping labels at discounted rates.
- Unlike Facebook Marketplace, the Spot It Marketplace helps you sell nationally with more traffic to your store from search engines like Google and Bing.
- Publishing your Spot It Marketplace listings to Google Shopping is free, you just need to set the item payment type to “Credit Card”.
- The 4% transaction fee for a sale through Spot It Marketplace secure payment is the lowest of any marketplace.
Have things to sell? Start selling at the Spot It Marketplace.