Your price gets automatically set to be 1 pence less than his
His price gets automatically set to 1 pence lower than your new price
This carries on until one of you is giving it away for free.
the answer is to get off ebay, not only are you competing against one another in this way - what happens if the wholesalers who you buy the products off start selling them online. Get your own website and then you have the 10% fees in your pocket - or you can reduce your prices and pass on the fees to your customers.
Another thing you might try is contacting the other seller and ask him to keep the prices the same..although that would technically be a cartel and would be illegal.
Yes, it is called Price Spectre. Just tell it you want to be the X Lowest By $Y with X = 1, Y = 0.
Not that I am aware of.
no
I am currently running an online business. Majority of sales are through eBay. I have a competitor who always under cuts me by 1 pence therefore getting all the sales. Is there a tool that can automatically change my price to match his? Thanks