Auction Information

eBay: Dont Believe All the Hype


Three billion dollars (that's billion with a "B") in revenues, 135 million users, millionaires all over the place at eBay! Yeah, eBaby!!!, to steal a line form another great author. (See "EBay: No Way?Yes Way (Ten Seller Themes) by Barbara Snyder M.A." at http://www.sbmag.org/howtosellonebay.html)

Yeah! Wow! ? Make a million! Open a store on eBay and get rich! Man this is easy!!! -NOT!!!

It's way to easy to get caught up in all the hype out there about eBay and to start thinking all you have to do is set up an eBay store and you are on your way to the life style to which you would like to become accustomed. Don't believe it.

Before you start primping for your own segment of "Life-styles of the Rich and Famous," there are a few things you should learn about eBay and small business start-ups in general.

The rate of survival of a traditional small business reads something like half of all new business start-ups fail in the first year and half of the survivors do not survive the second year, and eBay is probably no different. In fact, it's not easy at all anymore (if it ever was) to carve out a fortune on what has been dubbed "the world's largest garage sale".

"But Floyd, take a look at all that money", you say. Sure eBay is doing just fine, but of that three billion dollars, how much of it is actually spent on items in "your" category or product line "you" have for sale?

Everyone has to decide exactly what business he or she wants to be in. Then they have to decide if they are going to be a niche player or try to carve out significant market share. Either way you decide to go, you may find out that the pool you are swimming in is not as deep as it may first appear. Unless you are selling automobiles or real estate, not all or even a large percentage of that three billion dollars is spent in your merchandise category. Make sure you check the water before you dive in head first.

When you do decide to jump in, make sure you are ready both financially and mentally to go through a learning curve of some months. Back in the earlier days this may not have been the case, but today eBay has become extremely competitive and significantly more expensive for sellers. And don't expect a lot of help from eBay directly. They are not the greatest company in the world at customer support. They have a lot of information available, but they also have a tendency to answer help questions with loads of boiler plate "fixes" that usually serve more to confuse then to actually help.

Speaking of fees, this is how eBay lives. They literally nickel and dime you to death (actually its more like quarter and dollar)? thirty cents for the cheapest insertion free, thirty-five cents for a gallery picture, a buck for "bolding" and on and on. And then there's the fair value selling commission and the PayPal fees (PayPal is a must have!). All these small fees add up fast. Don't forget, you pay the listing and insertion fees whether your item sells or not. You will quickly learn that your selling percentage becomes crucial and why it is so important you learn how to make very efficient listings at the lowest cost possible as fast as possible. If you fail to learn this, before for you know it, eBay is taking half or more of your total sales just in fees, not counting your cost of product and shipping.

eBay has been called the "world's largest garage sale" for good reason. You know what people are looking for at garage sales, cheap prices. In the beginning, if you were the only one on eBay selling a specific product, you could demand and get higher prices. Today it's a bit different. The competition is brutal. You are competing against people and business of all sizes, and there is always someone selling your product at very, very low prices, or worse yet, using it as a loss leader. Some of these people are huge jobbers and or the manufactures themselves, hard to compete against. Some sellers are part time or hobbyist and don't need or care if they make much money (and they probably don't). Unless you have a very unique product or are in a position where you can bring a new, hot product to eBay first, you must be prepared for extremely aggressive pricing competition in a market where the average buyer is looking for cheap beer prices on high quality champagne.

So, all said, you may be wondering if it's even worth the effort. That depends on you and how well you prepare.

Before you open your eBay Store or run out and buy a bunch of product, visit Strictly Business Magazine's "How to Sell on eBay Resource Center" at http://sbmag.org and read all the "free" articles. Then buy and read a series of books about eBay, there are a number of them listed there. Start out with a book on the basics and then the more advanced volumes.

After you have read up on the basics, set up a seller's account. Not a Store yet, that starts the meter running after the thirty day free trial. Not a lot of money, but why pay it until you have the necessary education you are going to need to be successful.

Once you have a basic education, experiment with a few items you have lying around the house you'd like to get rid of. This will give you the chance to experience the eBay process and give you an idea of what you are in for. Pick items that sell for under $10, this will give you the cheapest listing fees to experiment with. (A $9.99 item lists for half the price of a $10 item, same thing as $24.99 vs $25). Also make sure you pick items that are easy to ship. Check with the post office for shipping fees and packaging. If you use Express Mail, most of the shipping materials are free and in some cases will more then offset the higher postage fees and will get your product to your customer faster, resulting in better a Feedback Rating, something you will soon learn is very important in eBay.

As you're reading the books you have just bought, watch for important subjects such as Feedback Rating, shipping and handling, product selection, effective listings, taking and using photos and using hmtl in your listings. Also make note of other tips and ideas on keeping your listing professional but at the same time keeping the cost down. Other topics of importance include "keywords" and how they affect eBay search engines and auctions vs fixed price listings.

Don't be misled into believing that the buyers are clamoring all over themselves to bid up every item you offer up for sale. Go browse the listings in the category that you will be listing in. You may be surprised to see that most items don't have a single bid and will not sell at all and others have only a single bid. You may also want to find out what are the best days and time frames most successful auctions close.

The price you pay for a few books and the time it takes to read them and do a little research may be returned ten fold or more in just the first few months after opening your eBay store.

Floyd Snyder is the founder and former owner of Executive Advertising, Camera Ready Art and Strictly Business Magazine. Currently he is the owner of Strictly Business Magazine at http://www.sbmag.org, http://www.FrameHouseGallery.com, http://www.EducationResourcesNetwork.com/and http://www.TraderAide.com.


MORE RESOURCES:
Weak Bond Auctions Flash Warning on India Record Debt Sales  Bloomberg

India is struggling to sell its bonds at recent auctions, and that's even before Prime Minister Narendra Modi embarks upon a record borrowing program.


Taste of Elegance auctions raise nearly $9,000 | Country Life  Leader-Telegram

Nearly $9000 will be invested in Wisconsin Pork Association programs, including youth scholarships and activities, as a result of the annual pie and silent ...


Turquoise And Plato Extend Partnership To Lit Auctions  Markets Media

Turquoise Plato set records for large-in-scale trades on the London Stock Exchange's trading venue last month, continuing on from a record 2018 and after ...


JFK must-haves at auction: Presidential flag, inauguration shirt  Washington Examiner

New must-haves for JFK collectors are heading to auction, and the winning bidder will be able to act — and look — just like the 35th president. Our friends at ...


Auction Preview: Asian Antiques & Art at Altair Auctions, Norwood, Mar 1  BLOUIN ARTINFO

What: Asian Antiques & Art. Where: Altair Auctions, 151 Carnegie Row, Norwood, MA 02062, United States. When: Mar 1, 12:00 AM GMT. Top Lots of the Sale:.


Turkish Treasury holds auctions to borrow $1.86B  Yeni Şafak English

Treasury and Finance Ministry holds auctions for fixed coupon and CPI-indexed government bonds.


Artists Who Donate Work to Benefit Auctions Get Little More Than Good Karma  Artsy

An upcoming charity auction at Sotheby's featuring works by women artists exemplifies the meager tax incentives for artists to donate their work.


Michael Jordan's game-worn shoe heads to auction after rescue from mall  New York Post

More than 20 years after Michael Jordan won his last championship, the NBA legend's game-worn Air Jordan from 1985 is up for sale – after being salvaged ...


Concierge Auctions Unveils February Lineup Of Top-Tier Properties Across Five US States And Three Countries  PRNewswire

NEW YORK, Feb. 19, 2019 /PRNewswire/ -- Concierge Auctions has announced its February lineup available across five U.S. states and three countries, and ...


Rarest, most valuable US paper bills in existence set for multimillion dollar auction  Fox News

Three exceedingly rare 19th century U.S. currency notes are expected to sell for a combined $7 million when they are auctioned off next week.


Lou Gehrig's game-worn hat expected to fetch $200,000 at auction  New York Post

A host of Yankees legend Lou Gehrig's personal memorabilia is up for auction, with a game-worn hat in impeccable condition valued at $200000 as the ...


Museum of Art auction ends Thursday  The Ledger

LAKELAND — The Polk Museum of Art's annual fundraising online auction ends at 5 p.m. Thursday. Nearly 70 items are being sold to the highest bidder for just ...


Luxury Real-Estate Firm Concierge Auctions Fights Allegations of Fraudulent Bids  Wall Street Journal

In the competitive world of luxury real estate, Concierge Auctions is the dominant force in the rapidly growing business of selling pricey properties to the highest ...


North Carroll: Annual auction for Boy Scout Troop 380 set for March 2  Carroll County Times

Boy Scout Troop 380 is holding its annual auction to raise money toward supporting the troop and its events. The auction will be run from 9 a.m. until 5 p.m. ...


Auction of Treasury bills RIKV 19 0618 Iceland Stock Exchange:RIK  GlobeNewswire

On Friday, 22 February at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 19 0618 which mature on 18 June 2019.


Online auction for the United Way is March 8  Cornell Chronicle

The fourth annual Big Red Online Auction to benefit the United Way will be held March 8 from 12:01 a.m. to 11:59 p.m..


Load shedding 'devastates' SA vehicle auctions  Wheels24

Load shedding is having a devastating effect on vehicle auctioneers, according to Darryl Jacobson, managing director of True Price.


Highlights from the record-breaking 2019 Retromobile car auctions  New Atlas

The cluster of elite car auctions associated with Rétromobile grew in strength yet again this year with official auction house Artcurial and the world's largest ...


Torrington sells downtown property at tax auction; no bids on 2nd site  Torrington Register Citizen

TORRINGTON — A sparse crowd attended the city's delinquent tax auction Tuesday, where one of the two properties for sale was purchased. The former ...


Ferrari Emerges As Top Earner from 2019 Scottsdale Collectible Car Auctions  Forbes

With another round of January auctions behind us, we can now get a better look at how collector cars are selling and marvel at the prices they command.


Auctioneer facing more theft allegations at National Book Auctions  ithaca.com

Local auctioneer David Hall, who ran two local consignment companies, has been hit with another lawsuit regarding the operation of his National Book Auctions ...


Brisbane auctions: Buyers hanging out for the houses with nothing to do  Domain News

In this era of time-poor professionals and busy families, finding a house that requires no work has become a high priority for many Brisbane buyers.


Lock of George Washington's hair auctions for more than $35K | TheHill  The Hill

A lock of hair purportedly from George Washington has fetched more than $35000 at auction.


Chandler Speedway up for auction  TriStateHomepage.com

The auction will take place on Wednesday, March 20.


Result of Riksbank reversed auctions SEK bonds Stockholm Stock Exchange:RIX  GlobeNewswire

Auction date, 2019-02-14. Loan, 1054. Coupon, 3.50 %. ISIN-code, SE0003784461. Maturity, 2022-06-01. Tendered volume, SEK mln, 500 +/- 250. Volume ...


Long Chim adds Thai spice to Auction House Market  NOLA.com

Long Chim began with a craving. After moving to New Orleans, May Mananya couldn't find the food she used to eat in her native Bangkok. So she started ...


Visit The Kung Fu Nuns Of Nepal And Other Auction Items At The Hollywood For Science Gala  Forbes

Buddhist nuns practice Kung Fu at the Amitabha Drukpa Nunnery on the outskirts of KathmanduGetty. Our world is dramatically changing through global ...


Department of Revenue announces auction schedule for Borriello Brothers Pizza  KOAA 5

Your browser does not currently recognize any of the video formats available. Click here to visit our frequently asked questions about HTML5 video.


KAR Auction Services Inc (KAR) to Issue $0.35 Quarterly Dividend  Fairfield Current

KAR Auction Services Inc (NYSE:KAR) announced a quarterly dividend on Tuesday, February 19th, RTT News reports. Shareholders of record on Friday, March ...


Local News Clark County to hold first surplus auction of the year Amy Abdelsayed 9:55  KTNV Las Vegas

LAS VEGAS (KTNV) — Clark County's first government surplus auction of 2019 is just around the corner and the preview and pre-registration begin next week.


Quick draw artist? Sacramento painter opens for Kiss, auctions off artworks  Sacramento Bee

Sacramento based artist David Garibaldi has been opening for KISS since they kicked off their world tour in January.


Germany Awards 476 Megawatts In Latest Undersubscribed Onshore Wind Auction  CleanTechnica

February 20th, 2019 by Joshua S Hill. Germany's latest onshore wind tender was again undersubscribed with only 476 megawatts (MW) of capacity being ...


Vodafone Idea wants 5G auctions only after 2020  ETTelecom.com

Vodafone Idea Limited (VIL), India's leading telecom operator said that 5G auction should only take place sometime after 2020.


'Ballpark Auctions' moves to new Port Richey location  FOX 13 News, Tampa Bay

There's a brand new place in Port Richey called Ballpark Auctions.


First 2019 Ford GT Heritage Edition Auctions for Eye-Popping $2.5 Million  The Drive

Ford auctioned off its first GT Heritage Edition supercar on Friday at the 48th annual Barrett-Jackson Collector Car Auction in Scottsdale, where the vehicle ...


The FCC Just Wrapped Its First 5G Airwave Auction, and It Didn't Even Crack $1 Billion  Fortune

The first 5G airwave license auction ended with the Federal Communications Commission receiving total winning bids of $702 million.


Monty Mason '89 yearbook pages depict Pi Lambda Phi 'slave auctions'  The Flat Hat

When Virginia Senator Monty Mason '89 (D-Williamsburg) was an undergraduate at the College of William and Mary, his fraternity — Pi Lambda Phi ...


Auction Preview: International Fine Art Auction at Trinity International Auctions, Avon, Feb 23 | Artinfo  BLOUIN ARTINFO

What: International Fine Art Auction. Where: Trinity International Auctions, 21F Waterside CT, Avon, CT 06001, United States. When: February 23, 05.00 PM GMT.


Big Changes Expected For The Boulevard Mall If It Goes To Auction  wyrk.com

The way people shop has completely changed so of course the places where we shop will need to change too. That looks like the case with The Boulevard Mall.


Auction Preview: Extraordinary Books and Manuscripts at Bonhams, New York, Mar 12 | Artinfo  BLOUIN ARTINFO

What: Extraordinary Books and Manuscripts. Where: Bonhams, 580 Madison Avenue, New York NY 10022, USA. When: 12 March, 02.00 EDT. Public Viewing: ...


Online New Mexico-Based Dispersal Auction Takes Place Feb. 22-25 - Horse Racing News  Paulick Report

An online auction of 70 Thoroughbreds, including broodmares, yearlings, 2-year-olds, and a stallion, will take place Feb. 22-25 as part of a court-ordered ...


NJBPU approves electricity auction results  NJBIZ

On Thursday, the New Jersey Board of Public Utilities approved the results of the 18th annual electricity auction for Basic Generation *Service* (BGS) for the ...


Sheldon Christian School hosting auction | News  nwestiowa.com

SHELDON—The good book says faith can move mountains and a group of believers also hope it can help raise $35000 for Sheldon Christian School.


Chocolate auction supports youth programs  Valleyjournal

ARLEE – Auctioneer JR Strand had never seen a three-way tie for the top honor at the Arlee Chocolate Lover's Festival, but he did this year af...


Heritage Auctions – Seldom Seen Selections: Rare 2nd Series Bechtler $5 Gold Coin  CoinWeek

America's first gold rush took place in the Piedmont area of North Carolina and Georgia in the 1820s and '30s. The expanding economy of the region.


SVN Auction Services awarded contract to support UDOT to meet mandate to sell surplus real property  GlobeNewswire

SVN Auction Services builds electronic online auction platform to enable the Utah Department of Transportation to accelerate and close sales of surplus real ...


Sale of the Century: The 2019 Las Vegas Motorcycle Auctions  New Atlas

The motorcycle marketplace is recalibrated each year with the January Las Vegas sales, and this year saw new records and the changing tastes of the buying ...


Auction to benefit Denver Fair  EphrataReview.com

Photo by Alice Hummer The Auction Committee admires some of the larger items donated for their Feb. 23 event at Denver Fire Company. All proceeds benefit ...


Industry Stunned as Mexico Cancels Clean Power Auction  Greentech Media News

Mexico's renewables sector is reeling from the cancellation of an upcoming clean energy auction and the likely handing of power back to state entities.


Defunct, iconic Monroe hardware store to host auction  CTPost

MONROE — The owner of Stepney Hardware, 590 Main St., broke hearts last month when he announced the iconic store would close after more than 60 years ...


Global Wine Auction Market Exceeds $479 Million in 2018 | Collecting News | Collecting  Wine Spectator

While 2018 was a volatile year for Wall Street, it was a winning year for wine auctions. Bidders paid record prices for a host of rarities ranging from Domaine de ...


9 Online Auction Sites to Rival eBay  G2 Crowd

Online auctions are a great way to snag unique items, so we've compiled a list of 9 online auction sites that work similarly to eBay but offer a unique way for you ...


First-home buyers take charge at auctions as increased bank scrutiny causes investors to retreat  Domain News

The market displays \'renewed vigour\' as young buyers and upsizing families take advantage of declining investor numbers.


Catherine Deneuve auctions her Yves Saint Laurent couture collection at Christie's for more than $1 million  HarpersBAZAAR.com

A couture collection formerly owned by Catherine Deneuve and designed by the late Yves Saint Laurent has fetched $1million (£785,887) at the auction house ...


Auction for memorabilia at popular Mardi Gras Multiclub underway  WPRI 12 Eyewitness News

According to Salvadore Auctions website, the doors opened at 9 a.m. and bidding started at at 11 a.m. on Saturday.


Candlelight Ball auction to raise money for APSU scholarships  Clarksville Leaf Chronicle

Every spring, the Austin Peay State University Candlelight Ball provides an evening of fine dining and dancing, while also allowing participants to support ...


Silent Auction Will Benefit Programs At Linden House  Ste. Genevieve Herald

French Colonial America, the properties of the campus of the National Society of the Colonial Dames of America in the State of Missouri, will host a silent auction ...


First Shelby GT500, Supra sell for millions at charity auctions  CNET

When it comes to auctioning first-off-the-line cars for charity, the bids can reach surprising heights, as was the case with some high-profile auctions this past ...


FDM Auction Brings Dance Marathon to 61 Percent of its Goal  Fordham Ram

This year's Fordham Dance Marathon Auction (FDM), benefitting The Andrew McDonough Be Positive (B+) Foundation, brought the FDM team to 61 percent of ...


Memorabilia of late Indianapolis 500 driver Scott Brayton to be auctioned off by family  Battle Creek Enquirer

Coldwater native Scott Brayton made history by racing in the Indianapolis 500, and now local race fans can buy a piece of that history as his family will auction ...


SCS Winter Auction Packer football | News  nwestiowa.com

This football signed the 2018 Green Bay Packers will be up for bid during the Sheldon Christian School 2019 Winter Auction on Friday, Feb. 22.


2019 mud sale schedule: Auctions for Amish and non-Amish across central Pa.  York Daily Record

We have the full 2019 mud sale season schedule for you. Take a look!


Auction Preview: The Amelia Island Auction at Bonhams, Fernandina Beach Golf Club, Mar 7 | Artinfo  BLOUIN ARTINFO

What: The Amelia Island Auction. Where: Bonhams, Fernandina Beach Golf Club, 3990 Amelia Island Parkway, Fernandina Beach FL 32034. When: Mar 7 ...


Feds auction off prized horses of ex-Venezuela treasurer who got rich as socialist country crumbled  Fox News

As Venezuela's path of socialism was going bust and millions of people were drowning in poverty without access to adequate healthcare or even food, a small ...


Spenger's auctions unearth unusual, valuable items and loads of nostalgia for former Berkeley restaurant  Berkeleyside

The Spenger maritime collection went to auction this past weekend, but the rarest items, including a 34.29-carat diamond and a rare Japanese vase from the ...


Art auction funds scholarship in memory of beloved teacher  Big Country Homepage

A new scholarship is being organized in memory of beloved Wylie art teacher Stacy Horton Sanchez. You can help fund the scholarship for it's first students at a ...


Antigua Villa Heading to Auction  Caribbean Journal

A luxe Antigua villa is headed to auction, Caribbean Journal has learned: the Villa Nonsuch at Antigua's prestigious Nonsuch Bay.


Buy Your Sweetheart A $500K Heart-Shaped Meteorite That Could Have Destroyed Siberia This Valentine's Day  Fortune

Christie's is auctioning off a heart-shaped meteorite that crashed into Siberia's Sikhote-Alin mountains on Valentine's Day.


Jourdanton Chamber of Commerce BBQ/Auction  Pleasanton Express

Once again the The Jourdanton Chamber of Commerce would like to invite everyone to their annual BBQ & Auction that is fast approaching! Mark those ...


Realtors' auction set for St. Demetrios | News, Sports, Jobs  Warren Tribune Chronicle

WABOR FUNDRAISER FOR MISSION: Warren Area Board of Realtors will hold a quarter auction fundraiser 7 p.m. Thursday at St. Demetrios Community Center ...


BCSO Hosts Car Auction  My Panhandle

Those in need of a car were able to get some great deals early Saturday morning.


Quora adds search-like keyword targeting, Auction Insights for advertisers  Search Engine Land

SAN JOSE — Quora continues to rapidly build out features and capabilities of its not-yet-two-year old advertising platform. The question and answer platform ...


Auction of inflation-linked Treasury bonds RIKS 26 0216 Iceland Stock Exchange:RIK  GlobeNewswire

On Thursday, 21 February at 11:00 am, Government Debt Management will conduct an auction of Treasury bonds. In this auction Inflation-linked Treasury Bonds ...


Ft. Pierre Livestock Auction report | Markets  High Plains Journal

The Ft. Pierre Livestock Auction, Ft. Pierre, South Dakota, reported receipts of 5979 head selling Feb. 15, compared to 2569 head a week ago and 5558 head ...


Online auction of seized Belgian bitcoin begins next week  The Irish Times

Wilsons Auctions secures contract to sell 315 coins of cryptocurrency.


Auction set for kuleana on Zuckerberg estate  Thegardenisland.com

LIHUE — Several small land parcels located within the boundaries of Facebook CEO Mark Zuckerberg's 700-acre estate on the North Shore will be sold at a ...


Auction Preview: Lacquer, Jade, Bronze, Ink: The Irving Collection Day Sale at Christie's, New York, Mar 21 | Artinfo  BLOUIN ARTINFO

What: Lacquer, Jade, Bronze, Ink: The Irving Collection Day Sale. Where: Christie's; 20 Rockefeller Center. When: March 21; 10.00 am and 02.00 pm.


Auction Preview: Furniture and Decorative Art at Dorotheum, Vienna, Mar 11 | Artinfo  BLOUIN ARTINFO

What: Furniture and Decorative Art. Where: Dorotheum; Dorotheergasse 17, 1010 Wien, Austria. When: March 11; 04.00 pm. Top lots of the sale: - An imposing ...


Helm family possessions up for auction Saturday | Local News  Elizabethtown News Enterprise

An auction Sunday in Lexington will offer artifacts tied to the family of Mary Todd Lincoln, the wife of the 16th president, including items once belonging to a ...


George Washington's 'illustrious' hair goes up for auction  Fox News

A lock of hair from founding father George Washington is set to go up for auction next month and experts believe it could fetch a pretty penny.


David Gilmour's guitar collection comes to auction  Christie's

David Gilmour's 1969 Black Fender Stratocaster has earned its place in rock'n'roll history. Known as 'The Black Strat', the guitar was purchased in 1970 at ...


Controversial Limestone West timber auction could be delayed in court  ABC FOX Montana

BOZEMAN - A group in Bozeman is fighting a proposal by the Department of Natural Resources and Conservation (DNRC) to develop the Gallatin Front for ...


Ayrton Senna memorabilia smashes auction records  New Atlas

Three-time Formula One Champion Ayrton Senna continued to smash records 25 years after his death at Retromobile last weekend, setting new auction price ...


Treasury yields tick higher as investors make way for busy auction week  MarketWatch

Treasury yields rise Monday as traders made room for the coming wave of bond supply.


4-H tradition continues with dinner, auction | News, Sports, Jobs  Marietta Times

It may be Jeremy Barth's 30th year of involvement with 4-H but it's his first organizing the major annual fundraiser for Washington County 4-H. The 4-H E.


'Huge sentiment shift': Sydney, Melbourne auction clearances pick up  The Australian Financial Review

Sydney's auction clearance rate hit a nine-month high and Melbourne's also picked up on the weekend buoyed by hopes of an interest rate cut and relief that ...


home | site map
© 2006