mechanismj wrote:Thanks for the tips, Goiter. Couple more questions for you...
Would it be best to do the auction or buy it now option?
Should I set items to free shipping and include the shipping cost in the initial bid / buy it now price? Is this a good way to attract attention?
Is it best to sell an item at the lowest price you'd be willing to let it go for?
How long do you usually let an auction go on?
Thanks again, sir!
I find it's best to include BIN prices only for really valuable items like, say, the Autechre Steel Quaristice edition or something of that ilk. I had a BIY price of $99 for that one and it was scooped up within hours. Otherwise I'd advise against it as it adds an additional seller fee just to include the option; and it's in your best interest to minimize seller fees!
Free shipping would attract people certainly but be careful not to get screwed over, especially if you are selling lots of CDs with little value attached to them. My recommendation is: if you're shipping CDs within the US set the shipping price to $3.00; it costs that much to ship 1 CD within the US with tracking. Go to your local post office and see how much it is to ship a single CD to a few international locations and use an average figure as your international shipping amount. Include a note in your item description about combined shipping and needing to calculate it after the auctions are over (so you can see who's bought what). Remember to include the costs of all materials in your shipping (bubble mailer, etc).
Starting price really depends on the CD in question. I generally start bidding much lower than I want them to sell for ultimately. It can be disconcerting at first but in my experience it pays off; accruing far more bids than it would otherwise and giving potential bidders more incentive to bid on an ostensibly popular item! Let the sales go for the default seven days as it costs nothing to do that, but be sure that you have enough time to put up as many sales as you can as close together as you can! Also, set them up so they end sometime in the afternoon (not at 2 AM when no one is awake in North America to sniper-bid).
Are you a new seller as of this year? Have you sold anything before on eBay with the account you're using? I only ask because you will have a 'category limit' imposed for at least 90s which begins after you start your very first sale. A 'category limit' means that within a single category (in this case CDs) you can only sell up to 30 items... If this is the case what I'd recommend doing is selling some other stuff on eBay first and wait 90 days; then sell your CDs en masse; it is important to sell a CD collection all together to attract as many bidders as possible!
Hope that helps!