Use the Fixed Price Option to Make Money on EBay

If you have done any selling on eBay you that the fees have gotten outrageous. However I am noticing that it's more economic to list items on eBay using their "Fixed Price" feature rather than the "Auction" feature. The reason for this is because in most cases people will list an item for seven days using the auction feature unless they are willing to pay extra for the ten day auction. Seven or ten days really isn't enough time to get people that might be interested in buying your item to find it.

The bottom line is, if your item doesn't sell you are out the fees it cost to list it and you are forced to list it again, which causes you to incur more fees. With the "Fixed Price" option you only pay fifty cents to list your item and you have up to thirty days for interested buyers to find it. If it does sell you can just list it again at fifty cents for another thirty days. Fifty cents surely beats the auction fees you have to pay for a seven-day auction.

Another option you can choose is the "Good 'Til Cancelled" option. This way you can keep your items up as long as I want and every thirty days you will be charged the fifty-cent fee. This gives your buyers plenty of time to find your items. If you use this option you must be sure to put a price on the item that you are going to be happy with unlike with the auction option where you start out with a low price and hope the bids will get up to the price you want.

Of course there's a chance with the auction option that the bids could exceed the price you wanted for the item, but there's a bigger chance that your item won't get but a few views because it will be lost in the flood of other items being listed everyday. Unless you already have a big fan base or you do a lot of promoting of your items so they get a lot of views, you may have to list your item several times before they are sold in an auction and you may not get the price you want unless you have a reserve and that's another fee.

The "Fixed Price" option on eBay, to me, is the way to go because of the low fee and the ability to have your items listed longer in order to be found by interested buyers. But, it's up to you to choose what works best for you.