Pricing auction items is not a perfect science, in fact, it can be quite tricky.
Justify pricing by including numerous photos and lively descriptions. The key is finding the sweet spot that will initiate interest and bid donations to bring about the maximum potential, visibility and success for your auction. Remember, almost all auction items are donated, so any income is brought in is considered profit; fundamentally the higher the final bid the greater the philanthropy.
AUCTRIA makes the pricing process uncomplicated and orderly.
ACTRIA provides options for pricing that are simple and flexible. Choose either a pre-programmed pricing policy OR individually price each item.
Using a hybrid of both methods can cut work time too. Set the standard pricing structure and then go back and tweak the non-standard items.
Apply a Pricing Policy
You can apply an item pricing policy to set the starting bid, bid increment and Buy-It-Now price to silent and online auction items.
Currently, the item pricing policy is applied as a one-off, meaning it is offered as a single price promotion and will only occur once. It does not set a default policy to be used when you add new items.
You can apply the policy as many times as you like. The recommended approach is to add your items and then apply to pricing policy towards the end when the items are mostly complete.
Any individual pricing that is changed on individual items after a pricing policy is set, will override the policy on that item.
On the Item Dashboard, under Actions, click $ Pricing Policy.
The Item Pricing page lets you Set the starting bid, minimum bid percent, bid increment and Buy-It-Now price as a percentage of the item's value. The calculation used for this will attempt to round the amount to a whole number, with the amount of rounding-up, consistent as the value gets bigger.
For example, if you have an item with a value of $107 and set a starting bid of 10%, then it will be adjusted to $10, not $10.70. The minimum amount used for any calculation is $1.
To set a particular pricing field be sure the relevant checkbox is selected, and enter a percentage.
Apply the policy to all or selected items
To apply the pricing policy to all items, select the Apply to All Items checkbox , and then click Apply Pricing.
To apply the policy to select items, use the Choose Items functionality to select the items, and then click Apply Pricing.