ClickBD :. Help :. Selling :. How to price items

There is no right pricing strategy for selling. Most sellers test out a variety of pricing formats (auction format, or FixedPrice only) to see which one yields the highest sales price and most bidding activity.

Auctions
Auctions are of two types:

Reserve Price Auctions
No Reserve Auctions

Tip: Most sellers list their items on No Reserve Auctions as this creates excitement and leads to high bidding.

A Reserve Price auction can start at 1.00 Taka and have a reserve price i.e. the minimum price a seller is willing to sell his item at.

In No Reserve Auctions a seller sells the item to the highest bidder at the close of the auction.

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FixedPrice
FixedPrice is a fixed price sale format, where;

A seller defines a price for the item and it is open for sale at that price only.
FixedPrice has immediate sales and hence a constant flow of orders.

Remember: Constantly monitor your FixedPrice listings to ensure to fulfill orders immediately and avoid getting negative feedback.

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Seller Indicated Market Price: When you list an item, you must specify the Market Estimated Price of the product. This gives the buyer an indication of the market price and motivates him to buy the product. It is optional for a seller to specify the Indicated market price.

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