To me, this is an easy one. You have an item that is not in high demand (like a Red Cross, etc.). So you start it off at a fair price (in your mind, anyway) and you get typical offers of 25-50% below your asking price. It's obvious that the buyers who are interested also aren't sure about the market value. So you raise the price 25%, get offers the same percentage below your new price, and you sell it for close to what you would like to get. That's the thinking anyway - it has worked for me, and it has failed, but it's better to try something new than to let an item get so stale that no one will touch it.
To me, it's better when you get to a point of feeling you need to do something odd like this, to simply throw the item up at $9.99 and let it run - take your losses and move on.
But, yeah - I get it.
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$co++ Forre$+
Last edited by Runscott; 11-27-2012 at 09:27 AM.
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