Looking to make some extra money? Then perhaps you might consider selling some of your old stuff on eBay. But, before you get started, you have to read this article. It holds the secret to selling items faster or convincing buyers to pay a higher price for all of your listings.
When you sell on eBay, you can choose to auction off your items or set a Buy It Now price. If you're using the Buy It Now option, you can also enable a negotiation feature that allows prospective buyers to make you offers that you can reject, accept or counter.
So a seller of an iPhone may list a price of $1,000, and someone might come back with a counteroffer of $800, to which the seller could then accept or make a new offer. This could go on for about three rounds (eBay rules) and may last about a week.
Not all listings are created equally, though. In fact, researchers at Berkeley have discovered that you can sell items faster or earn more money just by changing the way you price your items.