{"id":6473,"date":"2022-10-16T21:22:45","date_gmt":"2022-10-16T21:22:45","guid":{"rendered":"https:\/\/staging.selleraider.com\/?p=6473"},"modified":"2022-10-16T22:24:41","modified_gmt":"2022-10-16T22:24:41","slug":"ebay-make-an-offer-tips","status":"publish","type":"post","link":"https:\/\/staging.selleraider.com\/ebay-make-an-offer-tips\/","title":{"rendered":"Top Tips for Making an Offer to Buyers on Ebay"},"content":{"rendered":"\n
Everyone loves a bargain \u2013 and with this thought in mind, your customers may have considered placing an offer on your current eBay listings rather than paying the full price. However, while making offers on eBay can be a hugely exciting experience and could bag your customers an excellent bargain, it may not always be as great for you. After all, as a seller, you don\u2019t want to miss out on the price you deserve for your beloved items! With this thought in mind, we\u2019ve outlined some key tips for making counteroffers to buyers on eBay. Hopefully, this will make it easier for you to place an offer successfully. <\/p>\n\n\n\n
We’ll cover:<\/p>\n\n\n\n
First of all ,we should consider when making offers on eBay might apply to sellers. Generally speaking, we assume that making offers on eBay is exclusive for buyers looking to bag a bargain. However, that\u2019s not wholly the case. In fact, as a seller on eBay, you can also make offers. There are two primary types of offers you can make.<\/p>\n\n\n\n
The most common for many sellers on eBay is making a counteroffer. If you have allowed offers on your eBay listing, you\u2019ll occasionally receive notifications telling you an offer has been made. If you\u2019re happy with this offer from a customer, you can accept it. However, if the offer isn\u2019t what you\u2019re looking for, you can make a counteroffer instead.<\/p>\n\n\n\n
A counteroffer is a simple way to respond to the customer\u2019s original offer. Your counteroffer should be more than the customer\u2019s offer and serves as a form of negotiation. You can set the counteroffer to whatever price you\u2019d like between the offer and the current selling price.<\/p>\n\n\n\n
If you\u2019ve changed your mind and don\u2019t want to offer a counteroffer, simply decline the customer\u2019s offer and wait for new opportunities to come through.<\/p>\n\n\n\n
Another type of offer you could make as an eBay seller is to offer a discount. If your item hasn\u2019t sold but there are people watching it (indicating they\u2019re interested in the product), you can offer them a discount to entice them to buy.<\/p>\n\n\n\n
Many of us absolutely love getting discounts. These can be a great way to save money, and when they\u2019re also time-limited, they can become exceptionally appealing. With this thought in mind, many eBay sellers include discounts on their products if they want to encourage customers to buy who may have otherwise been on the fence. <\/p>\n\n\n\n
It\u2019s a simple marketing strategy \u2013 you probably see it all the time in supermarkets and the like. As such, if your product hasn\u2019t sold and you\u2019d like to increase interest in it, you could always make an offer for a reduced price to see if customers will take advantage of the discount. Just be sure you can afford the discount, and you\u2019ll still have to pay eBay\u2019s sellers fees on top! <\/p>\n\n\n\n
If you\u2019re looking to make one of the above types of offers, there are several key things you\u2019ll need to do. As such, we\u2019ve outlined six simple steps to make a great offer on your eBay listings as follows. You might just find that this massively increases the demand for your products or items!<\/p>\n\n\n\n
Before you go any further, it\u2019s vital to stress here that you always need to know how much you\u2019ve invested in a product before offering a discount. While loss leader strategies can be a common way to break into an existing market, this will cost your business significantly.<\/p>\n\n\n\n
As such, if you still want to make money on the sale after the discount has been factored in, starting with the cost of production or purchase is crucial. Work out how much you spent on buying or making the item; your discount should never allow the product\u2019s price to go below this, or you\u2019ll immediately be making a loss.<\/p>\n\n\n\n
You\u2019ve worked out now how much your product cost you \u2013 but how much will it cost you to process the sale? eBay charges fees on the selling price of products, so you\u2019ll need to account for this to ensure your discounted price doesn\u2019t leave you in the red.<\/p>\n\n\n\n
In short: your offered price should always be more than the combined cost of selling fees and production\/purchasing fees. The only exception, as before, is if you\u2019re taking a loss-leader approach to break into the market with unsustainably generous promotions.<\/p>\n\n\n\n
Sometimes, the appeal of a special offer can be overruled by the cost of shipping. For example, if you\u2019re offering a 10% discount on a \u00a3100 product, but shipping is still \u00a310, the total purchase and delivery price will still be the same as the original price to buy the item.<\/p>\n\n\n\n
This can be a significant issue for many customers and could leave them refusing to buy your products. Often, it\u2019s better to slash the shipping costs and only use lower promotions on the purchase price than the other way around.<\/p>\n\n\n\n
Now that you\u2019ve considered the costs of your product, you can set a rate for your discount. You should always start relatively small rather than going all out with a massive discount. Around 10% is often a good discount amount; this is substantial enough to entice customers while remaining small enough that you won\u2019t lose out significantly. It\u2019s also a round number, which often sounds much more appealing to customers wanting to grasp a saving!<\/p>\n\n\n\n
#5 Psychological Pricing \u2013 Go Slightly Below the Next Whole Number<\/p>\n\n\n\n
If you had a choice of two products \u2013 one at \u00a320.50 and one at \u00a319.99, it\u2019s easy to reach for the \u00a319.99 product first. At the outset, it sounds so much cheaper, making it much more appealing in a customer\u2019s opinion. However, in reality, the difference is surprisingly small; this is known as \u201cpsychological pricing.\u201d<\/p>\n\n\n\n
Try to go slightly below the next whole number when creating an offer to make your products seem more appealing. For example, a 10% discount on a \u00a323 product is still \u00a320.70. However, a 15% discount on a \u00a323 product is \u00a319.55. For the sake of just over \u00a31, the product suddenly sounds vastly more affordable for customers \u2013 making the offer even more exciting! <\/p>\n\n\n\n
One of the main draws of special offers is that they\u2019re usually time-limited, which makes them incredibly exciting. As such, you should always try to respond quickly if you get any requests, offers, or orders through your discount to ensure that the customer remains interested in the product rather than losing interest as time drags on to hear back from you.<\/p>\n\n\n\n
As a further point of note, did you know that you can automatically automate your \u201cOr Best Offer\u201d settings to accept if the customer gives a suitable offer? When allowing these types of offers on your product listing, your customer will get an immediate response to their offer, preventing you from having to sort through countless lowball offers manually. <\/p>\n\n\n\n
It\u2019s a simple way to automate the offers system as a seller on eBay \u2013 allowing you to get on with more important things instead. Plus, it encourages customers to potentially place a higher offer while they\u2019re still excited and \u201cin the moment,\u201d increasing your chances of making an extra sale.<\/p>\n\n\n\n
You can sell items faster without doing any extra work on your part. How is this possible? <\/p>\n\n\n\n
You do this by using a crosslisting app. It’s what all the best ebay sellers are doing and you better believe it works!<\/p>\n\n\n\n