Posted by Jonas on Monday, November 01, 2004 at 10:31AM :
In Reply to: Re: EBay question.... posted by John Foster on Monday, November 01, 2004 at 8:36AM :
I'm just posting some thought provoking questions... Not pointing fingers at all.
The way I operate...
I'f I'm going to sell something on ebay, I figure out how much cash I have into the item, and that is my reserve.
Example is the welder I sold on ebay last week.
I got a great deal on the welder and gooseneck trailer when I bought it from my neighbor for $1500. I bought new clamps and connectors, that were still new in box at the auction. I also got 150' of new lead for it. and the air arc was given to me So I figure I'm into it $1700 and that's what I set the reserve at. I think it sold for just under $1900 so the buyer got a great deal, (Replacement cost new is over $12k!) and I made $200 on it. Everyones happy.
I'm not saying that's the way anyone should do it, that's just usally the way I do it. But I'm not doing this for a living either, I usally only sell something when I find something else that I have to have, like the Sno Cat. I liquidate to generate funds for other toys. I've done good on some things, just to turn around and buy misrepresented junk that I have to part out and loose my but on also. I just try not to get to fired up about it, because it all turns out in the wash.