Hello to this great community,
I need your help, This issue is been bugging me for a long time because i don't think i understand what's the best way to price my item and how, for example :
Unizqe product with no competition that i want to be sold at 50$:
1. Should i list it at BUY IT NOW for 50$ ?
2. Bid auction, at what price should i start the auction ?
3. Should i use Bid auction and give my customers an option of BUY IT NOW ?
4.What's the rate difference should be between Bid and Buy it Now, is Starting bid of 29.99 Or BUY IT NOW AT 49.99 is logic ? - What's the difference rate should be ?
I apologize for all the questions but this is really important to me, For all the replyers i would really appreciate your reference for each paragraph .
Thanks a lot