Question
Hope it's ok to bring this comment over here as I was afraid it would be lost in the other thread.
Kevin T said<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> I still think that the 99 cent looks like a retail price, and people think it is it's full value. Anyone else have thoughts on that?
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I would like to discuss this also.
I sell mostly new clothing and I agree that the .99 feels more like a retail price. But in my area that is more of a good thing.I think people feel more comfortable buying NEW stuff when it has a more retail feel to it. (did that make any sense??) but for any used items I sell, I try to use a X.00 amount. Always thought it was just me being a little crazy.
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Other thoughts?
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Answer
Hmmm, I was wondering *which* comment!
When I was first shown Ebay, I started using a friends computer to bid and showed him this great new auction site. The fee changes at at $10 and $25 were already in place and half the stuff had starting prices of $9.99 and $24.99. He said "I thought you said this was an auction, this is all retail." I explained to him the fee structure and why people did this, but I have never used the 99 cent mentality because it is not, to me, particularly auction compatible.
Of course since then, Ebay has introduced fixed price sales and say that 26% of sales are now Buy It Now and Fixed price, which I also do not think is all that compatible with auction, and is probably a reason why some users seem to have a belief that they should be able to achieve consistant retail prices without understanding the underlying affects that the auction type principle of supply and demand have on creating price fluctuations in this market place.
Anyhow, I only sell by auction and only price my starting bids in full dollars. It seems to work for me.
Cheers, Kevin
Answer
I have never given this a second thought.. till now...........
hmm. I typically start at $x.99. Just have don't know why. http://community.here.com/infopop/em...icon_smile.gif
To be honest I never give it a second thought as a bidder either. Unless it is a real wierd number to start the bid with. Once a second bid is placed (hopefully) it becomes a moot point http://community.here.com/infopop/em...on_biggrin.gif
Janet * Lanetzliving.com
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Answer
Never really thought about it myself, but now I realize that when I had a bunch of new items over the summer, I started them at XX.99, and I almost always start my used items at XX.25. Never realized I had the retail mentality!
Now I just have to decide if thats a good thing.
Lynn
Lynnber almost everywhere
selling books and other stuff
Lots and lots of my Ebay Auctions
Answer
I use alot of $x.99 but not always. Sometimes I will use odd numbers, such as $x.37 because sometimes it will draw attention just in the fact that it is different. I used that trick when I was selling real estate <eons ago>. Instead of pricing a house at $75,000 or $74,900 I would list it at $73,685 (or something just as strange. It stands out just a little bit more from the other listings and gets noticed (kind of like driving in the daylight with your headlights on.)
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