Auction Power Guide

I just got a website full of products to sell on ebay but the problem is that I don’t know what starting price I should put my items on Ebay. For Example: I’m want to sell a Playstation 3 40GB with Grand Theft Auto 4 and a PS3 Network Blue Ray Disc.

Wholesale Price0 : $411.99
Sale Price :$599.99
My Profit: $188.00

I ask this question before and someone told me that on ebay I need to churn items quickly and not worry about profit and if I make $188.00 per item and sell 1 item but if I make $50.00 per item but sell 12 i will make more money. Is this some kind of wholesale selling technique to sell wholesale products and make profits? How will I make more money by selling 12 PS3 systems and make $50.00 per item if the wholesale price is 411.99 per item?Please explain carefully step by step so I can understand it easily.

I think the point they were trying to make is that if you ask $599 for them, they might not sell, but if you ask $461 for them, they will sell. Would you rather make $50 profit per item and get rid of them, or ask $188 profit per item and be stuck with them?

This is all your choice. You can do whatever you want. You can sell them for any amount you want to ask. The person who advised you was just trying to make a point that it’s easier to make a smaller profit than a large one.

I just got a website full of products to sell on ebay but the problem is that I don’t know what starting price I should put my items on Ebay. For Example: I’m want to sell a Playstation 3 40GB with Grand Theft Auto 4 and a PS3 Network Blue Ray Disc.

Wholesale Price0 : $411.99
Sale Price :$599.99
My Profit: $188.00

I ask this question before and someone told me that on ebay I need to churn items quickly and not worry about profit and if I make $188.00 per item and sell 1 item but if I make $50.00 per item but sell 12 i will make more money. Is this some kind of wholesale selling technique to sell wholesale products and make profits? How will I make more money by selling 12 PS3 systems and make $50.00 per item if the wholesale price is 411.99 per item?

there is a price that will make you the most amount of profit assuming you have an ample supply of goods.
first you need data. to get this data you may want to sell your item at a buy it now price for a week and then change the price and each time you do this record how many are sold and the profit on each one.
multiply the profit by the amount sold and whatever price gave you the most profit is the one that should be used.
Good Luck !