When it comes to selling an item online, how do you know how to price it?

Not too long ago, you purchased an item that you were wanting to list online and try to sell.  You have some terrific pictures of it and even a killer description of the item to post in the listing.  There is one thing that you are now starting to mull over—what kind of price do I put on it?

An easy thing to do is to do a general google search for it.  This way you can get a good range on not only what it is listed for sale online, but what it sells for as well.

Another thing that you can do is to ask a fellow dealer and see if they have sold a similar item.  One thing to keep in mind is if the dealer thinks that they can make a profit on it, they might make you an offer on your item.

The third way that you can find a price for your item is to do a little bit of math—I have seen a LOT of people take the price that they paid for the item and double it (if you paid $10 for it you would charge $20 with this method).  I have seen people use this method myself and it works (especially if I really can’t find a comparable item online or if I am talking to another dealer).

This is a few of the tricks to keep in mind when you are trying to get a price for an item you are going to sell online.  What kind of tricks have you heard of?

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