Glad to have you here. :)
I think the auction style gets the most traffic in general, primarily because thatâ€™s what the market is for, people strive to get the lowest price for an item and try to beat others to it.
Whatâ€™s best would really depend on several variables â€“ the actual item, the sellerâ€™s feedback rating, the category of the item, etc.
For high priced items I would have to list in buy it now with best offer, and if I donâ€™t have time to decline ridiculous low offers I auto decline. This is just for something I wouldnâ€™t want to sell auction style as I nailbite. =) Then to get traffic, I start another item on auction style, something related keeping in mind that I am attracting people with the same interest, and to start that item for 0.99, just to get free exposure and to be able to ask potential buyers to â€˜look at my other itemsâ€™.
Thereâ€™s also the auction with reserve , but for some reason I get frustrated as a buyer with this kind of listing.
Pay attention to the fees though, otherwise it wonâ€™t be fun. :)
But wait, SaleHoo's recent newsletter states that, and I copy paste,
"The perfect price must be high enough so that you are not losing money and low enough to lure people into bidding for it. Ultimately, it should send the message that you are serious about selling the item and that you are a reasonable seller offering a great deal (remember that a great deal can be about service and/or product selection just as much as price!)."
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How to Choose a Winning Listing Price - for Maximum Traffic and Profit!