08-01-2023 07:53 AM
In 2016 we opened an account just to sell a 100,000 'one of each' record collection, along with another 20, 30 thousand 45rpm branded company sleeve with multiples of most. The last new listing was written in early 2018, so those sleeves and the leftover records have been relisted over and over since then. Most were switched to BIN a few years ago. The sleeves still sell but have slowed down to maybe six, seven a month. The account sells on avg 10? things a month.
Now the fun part.
Three weeks ago when setting up relists for the 'let's see what happens' of it, I raised the price a buck or three on all - and sales have gone up. Seventeen sleeves and even four records. A record that has sat there for $10 BIN was changed back to a $12 auction and got three bidders.
Go figure.
08-02-2023 12:24 AM
This is a great post, thank you for taking the time to tell us about this. There are so many sellers that think they have to lower pricing to get sales. I have often shared how on occasion I have raised pricing a little and stuff sold in a short period of time.
I'm happy to hear that this worked so well for you. Keep up the creative thinking. As you see it can really pay off.
08-02-2023 06:05 AM
OP here
"Strange the OP says he has 100,000 records but only 3 listed.
I've reread what I wrote and can't figure out what you read that gave you that impression.
08-02-2023 07:17 AM
I used that tactic often. Wife of a buddy of mine had a service for which she charged $50/hr. The going rate was over $100, but she didn't want to be greedy. She was advised by a client to raise her hourly in order to get more business. It seems a rate that is took low seems cheap and cheap is equated with bad service.
I've raised prices on things by 10x before and gotten sales. It's crazy how people think.
08-02-2023 08:56 AM
@steve_stuff wrote:"Strange the OP says he has 100,000 records but only 3 listed.
I've reread what I wrote and can't figure out what you read that gave you that impression.
In 2016 we opened an account just to sell a 100,000 'one of each' record collection, along with another 20, 30 thousand 45rpm branded company sleeve with multiples of most.
@steve_stuff So you have sold 100,000 lp's and 30,000 45 sleeves so far ? Your feedback does not show that and your active listings only show 3 current.
08-02-2023 09:37 AM
OP - I'm told I add too much info, so this time too little
Talking about a different account -
"So you have sold 100,000 lp's and 30,000 45 sleeves so far ?" -
No, as of now about 80k of the records, and most of that was thru the real store. The account has sold 15k? records and TONS of sleeves.
"Your feedback does not show that and your active listings only show 3 current."
Again, wrong account - and if this account is 'only showing 3 current' - you lost me- this account has 152 active listings with four having bids.