In this guide, we will explain what you should put for the reserve price.
You will be asked to enter a reserve price when running an auction-based listing. The reserve price is the lowest price you are willing to accept in exchange for your product.
To know what price you should set, we recommend you calculate the total cost of purchasing and selling your product (purchase price, including taxes, shipping, and selling fees). You should make at least a 40 or 50% profit on each sale.
For example, if you are running a drop shipping store and bought a product at $5, you should try to sell it at more than $10 on your store to cover the shipping and product cost, plus make a reasonable profit.
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