How to determine the price of an item?

Modified on Mon, 16 Dec, 2024 at 2:19 AM

1. Determine the retail/brand new price - search websites selling similar items brand new. You don't want to be charging for a pre-loved item more than a website selling the same item brands new 


2. Resale experts recommend pricing items at 50% their original cost if they are still fairly new. If anything is a few years old, asking for 25% of the original purchase price. Anything older or damaged, ask for  10% of the original purchase price. 


3. Designer goods, antique jewellery and vintage pieces all tend to increase in value over time so consider this when determining the price.


4. Keep in mind that unused goods, especially those still in their original packaging or have tags attached, are also more desirable to many shoppers and will usually sell at a higher price.


5. See how much others are selling a similar pre-loved item for. This can help with determining the price of an item.


6. Set a price but be flexible. If you set the price as 'negotiable' people may want to pay slightly less than the price tag marked. 


7. Don't forget to factor in the 15% Kifaayat commission fee once the item is sold and additional shipping costs.

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