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Topic: Selling Topics
Item markdowns are a promotional tool we offer to our gold members that allows sellers to give buyers a temporary discount on their merchandise. Here are the key things to know about item markdowns:
When an item is marked down, the original price will be shown along with the marked down price. This can be a significant promotional device for buyers, since they can see the original and reduce price of the item. Also, because the buyer will know that you are limited in the number of days per month that markdowns can happen (see following item), they know the sale is real and significant.
- They can last a maximum of 7 days in a calendar month. After 7 days, your item prices will automatically returned back to normal. This limit has been setup so that items can't be perpetually discounted (having items discounted in perpetuity would diminish the perceived importance of Bonanza "discounts" in the mind of the buyer. We want these to be real, significant discounts). If you exceed the monthly limit for discount days, you are welcome to re-setup your sale on the first day of the following month. Whether you have one item discounted or all of your items discounted, the limit applies. If you have your items only discounted for a portion of a day, it still counts as a day.
- Markdown discounts are cumulative with other discounts. If you choose to participate in a Rush, or offer other booth item pricing discounts, please be aware that your markdown will be applied cumulatively with other discounts.
Item markdowns can be set in the Batch edit items page, which you can reach from the Sell on Bonanza menu.