| |
| |
|
Auction Information |
|
|
|
Tips on How to Profit from eBay Buy It Now Auction Listings
eBay is an online auction site so it stands to reason that most users will tend to auction off their items aiming to get a high price. The problem with auctioning items is that eBay can be a very fickle place, one week an item may sell for hundreds of pounds but the next week the same item may sell for pennies. Your success rate on eBay is affected by the number of people who are willing, and able, to bid large amounts on your items. If the buyers can't, for some reason, bid high amounts on one particular auction, you run the risk of losing money. There is no way of telling when an item will sell for a high amount. If there was, there would be many more very successful eBayers out there. One way you can almost guarantee you will sell an item for a good price is to use a Buy It Now (BIN) listing. In order to use BINs successfully, you have to get the price right. Too high and it will not sell. Too low and it will be bought almost immediately, probably by a competitor who will relist it to try and profit from your mistake. So, how can you use a BIN listing to profit? If you've got a good idea how much the item is worth, list it for that price as a BIN. If you don't know how much it is worth, try searching for it in the Completed Listings searches. In my case, I was quite successful selling DVDs with BIN listings. I simply searched for the DVD I was selling in the completed listings section, sorted by Highest Price and then listed my item at the highest price I could find which had sold. At times, I also added a little more to the price. Why? Because the great benefit of BIN listings is that impatient buyers can get them almost immediately without having to wait for an auction to end and without running the risk of losing out to another bidder. If you cannot find the item in the completed listings section or it is very rare and you are unsure of the value, list the item with a very high (almost ridiculous) price. Any potential buyers will find the item, provided you have listed it correctly. Let the listing run for the full 10 days; it is a very good idea to always use 10 day BIN listings as you pay the same price as a 1, 3, 5 or 7 day listing and get more coverage. If the item doesn't sell, don't be tempted to drop the price or auction it off. Too many people do this and lose money. Remember, patience is a virtue. Instead, list it again but this time add more text to the description telling viewers that you are open to offers. You may well find that someone will contact you through the "Ask Seller a Question" link offering you a quick payment if you are prepared to sell for £x. If the offer is not good enough, reply to the sender and politely refuse but suggest a price you would be willing to sell for. On the other hand, if you are holding out for the maximum you have already specified, tell them why and justify your answer. You may well find that they relent. At the end of the day, if you do have a high value item then it will cost you a maximum of £2 per listing. Each time you place it on eBay you are attracting more potential buyers. This means that you can have your item available to billions of potential bidders for 100 days for a reasonable £20. And, when a buyer finally comes and offers the correct asking price, you will not have lost much whatsoever if it is a high value item. One point to remember; if you give up and auction the item off or sell at a lower price, you may well find you sell it to someone who will actually do the above and profit from your mistake. Ben Catt is an active eBay buyer and seller and runs an eBay Tips and Tricks website found at http://www.BenCatt.com. He also runs a business opportunity information site - http://www.BizOppsUK.com
MORE RESOURCES:
Auctions - Google News |
|
|
|
RELATED ARTICLES
eBays Latest Fee Increases--Is this the beginning of the end? On January 13, eBay sellers received an unwelcome announcement from eBay. Fees were going up. Top Secret Ebay Powerseller Technique: Classifieds Produce Auction Power I was browsing through all of the classified sections, and stumbled on Wanted to Buy. I noticed that people were placing ads for items they wanted to purchase. Before You Sell On Ebay, Take The Most Important Step If you want to earn a full-time income selling on Ebay, you must take the first and most important step in all successful business ventures: you must accept that it is possible.This probably sounds really trite--and maybe it is, but that doesn't mean it's any less true. Turn Your eBay Experience Into Even More Profit Everyone's talking about eBay these days. With the frequency of the TV advertising campaigns increasing, and no sign of any sizable competitors the eBay empire is only going to get bigger. Drop Ship Your Way to eBay Profits One of the most difficult things to do when looking to start an online business is to find that elusive supplier that will supply you, put simply you need a source of real products to sell. Drop shipping is a perfect way to achieve this and lets you develop the perfect online business. How to Sell on eBay Internationally without Risk eBay allows you the opportunity to sell all over the world. It is exciting to communicate with a customer from England, Australia or Japan via email. Free Auction Templates: How to Set Your Border Color With FOAM If you have not heard of Foamtemplates.com yet, home of the "Free Online Auction Maker", now is a good time to get your feet wet. How To Save Franchise Fees and Set Up Your Own Ebay Drop Off Store There has been a flood of publicity generated regarding the "Small Business Opportunity" being offered to would be internet entrepreneurs.The plan is for you to purchase a franchise operation to sell products on consignment via eBay. Taking Paypal on eBay Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling. Taxing Your eBay Profits As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year's resolution I made when the clock rang out the New Year. Why 95% of All eBay Sellers Fail eBay is now the 8th most visited site on the internet and it has just one purpose - sales. With 40 million visitors per month most eBay sellers are missing a golden opportunity. Seven Steps to eBay Selling Success More and more people try their luck at selling on eBay everyday. With all of that growing competition it is important that you do everything possible to make sure that you stand out from the crowd. Sell Your Items at Cost and Make a Fortune on eBay! Like all ebay sellers I wanted to sell all of my items at a profit and what I found was that when I was getting to the end of line items that I was ending up selling them at cost, even though the items were finally selling at a profit price, because I was having to factor in the ebay relisting fees etc.So I took a moment and sat down and thought how I could deal with these items and still make money. Mr. Rich vs. Mr. Job: How to Start a Dropship Business on eBay Mr. Asset vs. Why Ebay Is The Best Place To Make Your First $1000 Online I'd like to begin with a question - and I'll bet the answer is going to surprise you (it sure did surprise me!).Q. eBay is the Greatest Opportunity YOU Have to Create a Career Online eBay's being spoken about everywhere these days. At work, school, down the pub. eBay - Tapping Into The Japanese Collector Market If you owned a skateboard shop in your local mall would you put a big sign in the window saying "No Baggy Pants Allowed"? Of course not. If you did you would be eliminating 50% or more of your most avid potential customers. Tips on How to Profit from eBay Buy It Now Auction Listings eBay is an online auction site so it stands to reason that most users will tend to auction off their items aiming to get a high price.The problem with auctioning items is that eBay can be a very fickle place, one week an item may sell for hundreds of pounds but the next week the same item may sell for pennies. What to Sell on eBay - 7 REAL Tips for Finding Successful Products This question has become one for the ages. There are many answers to it, few of which will actually help you. Buying Used Dell Laptops, PCs and Servers on eBay - How to be successful Two years ago I needed a way to refresh more PC's and Laptops at my company without spending more. New Dell laptops were great but expensive and over the years we had accumulated many Latitude C series parts.
|
| home | site map |
| © 2008 |
