While tactics are in plenty but if you are asked to tell variation between two individual selling the same product then you will see pricing strategy to be the only familiar difference between the two. The ‘Few Dollars More’ trick It’s not that you always have to reduce the price to magnetize buyer but playing with the psychology of people can do miracle. Despite setting the auction’s initial bid, if you offer the same product with few bugs added to its proposed auction bid & with a message displayed “Buy it now” then some fraction of population, who had been longing for the product would consider it to be an opportunity to avail the product surely without taking chance in bidding & losing. They actually don’t mind paying extra to get what they long for. The ‘One Dollar Less’ trick This is easy, but needs an eagle eye on your opponent. The moment they start a “Buy it Now” auction for the item you cover, start your auction for the same item with price tag 1 dollar less than theirs. Any search for the product would bring both the results nearby & you’ll stand higher probability for your ‘1 dollar less’ price tag. The ‘Free Shipping’ trick Consumers really hate paying for shipping. You can easily include the ‘free shipping’ title after adjusting the transportation cost into the main price. You would be shocked to know how consumers choose to pay the final price (including shipping) for the ‘free-shipping’ title, instead of having shipping cost extra. Again the psychological factor, they pay the same final price at the end, but feel good that they did not pay an unnecessary extra charges for Internet shopping as transportation charges.
Know ebay Strategies before shopping online
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