Sunday, November 24, 2013
Turning Watchers Into Buyers - The Proof!
If you read my post, "Watchers Not Buying - Try This Strategy" you may be interested in a little experiment some members of my Facebook group did. Several members raised their prices on some eBay items, and that action resulted in sales. I was curious to see if there are any patterns when it comes to raising prices - does it work better on certain items, in specific categories, or the amount the price was raised. You be the judge.
Here are a few examples, so you can see the actual sales.
Alicia had this American Girl art set priced at $29.95, it had 6 watchers but was just sitting. She raised it to $38.95 and it sold in 3 days.
Magi has this Ralph Lauren golf shirt listed for a couple of months at $74.99 or Best Offer. She had received a couple low ball offers but it hit 10 watchers. Having seen the previous threads about this she bumped the price up to $79.99 and to automatically accept $59.99. The next day it had sold for $60.
Laurie's listing for these John Fluevog shoes was not a fixed price listing, it was an auction item. She started it at $49.99 and within the first day had 20 watchers but no opening bid. SheI raised the price to $79.99 and got a bid on it within hours. It ended at $90.99. of course she doesn't know if raising the price helped the ending price but it did get bids.
Tracie raised the price on this Right Start Mathematics set from $39.99 to a $54.99 and it sold within hours.
Have you raised a price recently that resulted in a sale? If so, post it in the comments below. Remember as a seller you have the power to change your price in any direction, not just lower.