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ADDING A RESERVE
How do I add a reserve auction price.
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How do I add a reserve auction price.
woodland_gnome
·2 years agoIf it's for the Apollo 8 medalion, since it hasn't had any bids yet (and more than 12 hours left to run) you "Revise" the listing. Rather than adding a Reserve simply raise the Starting Price to the true minimum you are willing and able to sell the item for (don't forget to figure in eBay fees on the price, s/h, and sales tax to a hypothetical buyer in a far-away state or protectorate). More bids do not mean a higher price (it takes only 1 bidder and a Starting Price at your minimum to get your minimum or 2 bidders to get the price up to the moon) especially with a Reserve where the bulk (or all) of the bids will be below your minimum.
ETA: For the truck, fees in eBay Motors work differently. Reserve Prices are only available for the more expensive packages. https://www.ebay.com/help/selling/fees-credits-invoices/motors-fees?id=4127
but you can still revise the Starting Price.
gosimus
Mentor2 years ago@woods119
< How do I add a reserve auction price >
There is guidance on this Help page, but don't use a Reserve. https://www.ebay.com/help/selling/listings/selling-auctions/reserve-prices?id=4143
A Reserve will cost you, and eBay charges you for it whether your item sells or not. Paying for a Reserve is an unnecessary waste of money. You can accomplish the same thing by listing your auction with a starting bid equal to what you would have chosen for a Reserve.
You might have read something from eBay that says you will "generate interest" if you start your auction at a low price. This might have had some validity in the old days, but what it really generates is more money for eBay.