What Should I Price My Flips?

 When it comes to reselling pricing can be tricky and time consuming.  What I do first is research the item on eBay, I look at what sellers have the item listed at.  Then I filter the results to completed and sold.  This gives me an idea of what the item had sold for.  Now the sold prices usually are in a range of dollar amounts.  I make note of the range and then look on Poshmark.  On Poshmark I search the item and see what sellers are currently asking for the item.  I then filter to sold listings.  There will also be an range of sold prices, I make a note of the range.  One thing I have noticed is some items sell for a higher amount on one platform verse the other platform.  One example is milk glass, some milk glass sells for a higher amount on Poshmark than it does on eBay.  You may find that to be the case with your items.  I will set my price generally in the middle or towards the highest price.  I can always drop the price as time goes on or consider offers.  

You have to consider all your cost, like packing materials paper, bubble wrap, tape, and boxes.  Sometimes going 4x or 5x what was paid will help is covering the additional cost of supplies.  You could always break down what it costs you for each sheet of packing paper, each sheet of bubble wrap used, each box, etc, this is a lot to remember.  When selling on Poshmark, everything ships USPS Priority mail, which you can get the boxes for free from the post office.  I order mine online and they deliver them for free too.  With Poshmark you can use either regular priority or flat rate priority boxes or envelopes.  With Etsy buyer has the option to ship regular first class if it fits the requirements, priority, or ground.  I keep a small stash of boxes and padded mailers on  hand just for Etsy.  You can pick up packing materials at Dollar Tree, I buy my packing paper sheets there, bubble mailers, and sometimes bubble wrap, $1.25.  Sometimes you can find small boxes too.  For boxes I will buy them at Walmart.  The prices are low on small boxes there.  I will buy bubble wrap there too, it tends to be the lowest price locally.  

Now if your pricing to sell in a local mall or at a market, you can consider the amount x a number, like $1 x4, meaning the price would be $4, you could do 5x the amount paid.  Some resellers will look at what the item is selling for online and price it for less than online.  Pricing is a tricky game, there may be someone else selling the same item for a much different price. Take a look at what items are going for locally in the antique malls.  It helps in figuring out what to price your item.