Use eBay’s Best Offer feature to engage with potential buyers
Marketplaces
Engage with buyers by offering a chance to negotiate prices on eBay. It’s easy to use and cost-effective, but it might not work for high-demand items. It provides a personalized shopping experience.
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Channel
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| Marketplaces | Marketplaces are online platforms where you can sell a wide range of … |
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Quick Facts
Channel
Marketplaces
Difficulty Level
Intermediate
Estimated Cost
Medium
Time to Impact
Short (Weeks)
Pros
- Increases buyer engagement by allowing them to negotiate prices.
- Cost-effective because there are no additional fees for using the Best Offer feature.
- Builds customer trust since buyers feel more in control of the transaction.
- Encourages return customers by providing a personalized shopping experience.
- Flexible pricing strategy that can help move inventory quickly.
- Great for slow-moving items as it can attract bargain hunters.
- No need for additional marketing assets; it’s integrated into eBay’s platform.
Cons
- Not suitable for high-demand items where price negotiations are unnecessary.
- Potential for lowball offers that may be frustrating for sellers.
- Can lead to prolonged negotiations affecting sales speed.
- May require constant monitoring to respond to offers in a timely manner.
- Best Offer acceptance might lower overall selling price.
- Some buyers might abuse the feature to repeatedly make low offers.
- Limited to eBay platform, restricting reach to other marketplaces.