â¨how to get the most out of your salesâ¨
This works for any online sales platform such as eBay, Poshmark, Mercari, Vinted, etc!
Strategy One â Start high, go low!
With this strategy youâll need a popular item such as a VS Pink Sherpa quarter zip thatâs in great used condition or like new. With this item youâve probably bought it for about $80, used it, the color sold out, and now youâre going to price it at $20-$30 more than you want and youâre going to say âFeel free to make a reasonable offerâ. So say you want $70 for this sherpa â price it at $95.
With this exact strategy, people will really want this item, and youâll likely get around 20-80 likes for it. When people see all of these likes, theyâre going to get nervous that someone is going to buy it at its actual price as itâs clearly in high demand and the quantity of these items are already limited, so theyâre going to make a very serious and reasonable offer. Say they offer $80, $15 less than your asking price, when you really wanted $70â thatâs an extra $10 youâve earned just through strategy! Accept their offer if itâs the highest one, and youâll end up with a very happy customer and theyâll likely rate you well for such a âgreat dealâ. But keep in mind that this strategy only works with popular, rare, or limited quantity items that are in great to like new condition; you canât do this with Hollister jeans or generic makeup items.
Strategy Twoâ Start low, go high!
My favorite thing to do with an item Iď¸ am taking a chance on popularity is to price it $5 lower than Iď¸ really want for it. So say Iď¸ want $20 for a rare vintage Nike sweatshirt but it looks pretty generic. Iâm going to need something extra to grab attention for this item since it seems so âboringâ as a solid blue sweatshirt. What Iâll do is price it at $15â keep in mind that you must be willing to take a risk for this. If someone buys it fast, youâve lost your profit. You can always cancel, but Iď¸ find that to be rude as a buyer if you do have the item. But in most cases Iâve started it at $15â people will likely lowball you and offer $10 or whatever, ignore them. When you get 3 likes, raise it to $20, your wanted price. Now youâve got attention for the item, so if you get $20, youâll be happyâ but people are going to keep liking your item because itâs going to raise in trend and popularity on the site. Now raise it to $25, then $30â and if people still donât buy it, raise it to $40, etcâ THEN youâre going to implement the âstart high, go lowâ method. Say âmake me a reasonable offerââ and with time, theyâll offer maybe $35 because itâs a popular and rare item now and youâll get $15 more than you started with.
These are just my two favorites to use and theyâve earned me a lot of extra money! â¨
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