✨how to get the most out of your sales✨
This works for any online sales platform such as eBay, Poshmark, Mercari, Vinted, etc!
Strategy One — Start high, go low!
With this strategy you’ll need a popular item such as a VS Pink Sherpa quarter zip that’s in great used condition or like new. With this item you’ve probably bought it for about $80, used it, the color sold out, and now you’re going to price it at $20-$30 more than you want and you’re going to say “Feel free to make a reasonable offer”. So say you want $70 for this sherpa — price it at $95.
With this exact strategy, people will really want this item, and you’ll likely get around 20-80 likes for it. When people see all of these likes, they’re going to get nervous that someone is going to buy it at its actual price as it’s clearly in high demand and the quantity of these items are already limited, so they’re going to make a very serious and reasonable offer. Say they offer $80, $15 less than your asking price, when you really wanted $70— that’s an extra $10 you’ve earned just through strategy! Accept their offer if it’s the highest one, and you’ll end up with a very happy customer and they’ll likely rate you well for such a “great deal”. 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 can’t do this with Hollister jeans or generic makeup items.
Strategy Two— Start low, go high!
My favorite thing to do with an item I️ am taking a chance on popularity is to price it $5 lower than I️ really want for it. So say I️ want $20 for a rare vintage Nike sweatshirt but it looks pretty generic. I’m going to need something extra to grab attention for this item since it seems so “boring” as a solid blue sweatshirt. What I’ll do is price it at $15— keep in mind that you must be willing to take a risk for this. If someone buys it fast, you’ve lost your profit. You can always cancel, but I️ find that to be rude as a buyer if you do have the item. But in most cases I’ve started it at $15— 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 you’ve got attention for the item, so if you get $20, you’ll be happy— but people are going to keep liking your item because it’s going to raise in trend and popularity on the site. Now raise it to $25, then $30— and if people still don’t buy it, raise it to $40, etc— THEN you’re going to implement the “start high, go low” method. Say “make me a reasonable offer”— and with time, they’ll offer maybe $35 because it’s a popular and rare item now and you’ll get $15 more than you started with.
These are just my two favorites to use and they’ve earned me a lot of extra money! ✨
If this helped you please consider using my code to sign up :) BUEBVC