How to price buyouts
Pricing your buyouts correctly and fairly is very important. Lots that are priced too low will likely not be approved by clients.
❌ The wrong way of pricing buyout items: Offer a very low standard amount for all items. While this option can be quick and easy, it may not be fair to the varying values and intrinsic worth of different items, resulting in a low offer that won't be approved.
✅ The correct way of pricing buyout items: Base the price of each item on the actual resale value of each item, lookup online comps and deduct your desired profit margin, then make the offer accordingly. Ideally you want to offer the client around 30% of the resale value of their items. The exact number will generally vary depending on how desirable the items are.