Auction Information

Get Yourself A Piece of The eBay Pie


Ebay is without a doubt the greatest internet marketing phenomenon of all time. Millions of people log on every minute and every second there are hundreds of items listed, sold and bought, and of course money is made. It has become the world's largest marketplace, where the potential for selling an item is exponentially increased due to the sheer volume of people who can view the item for sale.

The attraction Ebay holds for the most people is the possibility of selling or buying anonymously, and getting a great bargain. And for the first time ordinary people are making extraordinary incomes selling literally everything from beanie babies to diamond rings and cars. For those who venture out of their comfort zones into the cybermarket place, the following may com in handy as a guide to selling on Ebay:

A. RESEARCH WHAT IS LIKELY TO SELL, DON'T JUST SELL ANYHTING

Contrary to what you might think, not everything sells on Ebay. Your success on Ebay depends on selling what people want and need, and what they will pay for. You can find this out by browsing closed auctions of items you are interested in selling, see how many bids there were for the item and how high the bid price went. The more bids and the higher the closing price the more successful the auction.

B. ASSESS THE COMPETITION

It's no use selling an item that there are hundreds of thousands to choose from. Your chances of success will be severly diminished. The rarer the item and the fewer the number of people selling the same item the better your chances of making a sale. Find out how many similar items there are for sale by using the search feature on Ebay. Avoid items that are oversupplied and that everybody else is selling.

C. FIND THE CHEAPEST SOURCE OF THE ITEM

The best way to begin is by using a dropshipper. This is a wholesaler who will ship single items on your behalf to your customers and does not charge you a fee to do so. You don't have to keep inventory of the items you sell, and you order the item to be shipped to the buyer after you have sold it on Ebay, thereby reducing your risk to near zero. Remember the principle "Buy low and sell high" That is the key to maximizing your profits.

D. LEARN THE TRICKS OF THE TRADE

It is prudent to learn as much as you can about how Ebay works before you start, as there is more to it than meets the eye. There is no surer way to fail than to jump in without doing your homework well and believe me, it is work. If anyone says otherwise they're simply not telling the truth.

E. START WITH A SMALL MONTHLY BUDGET AND STICK TO IT

Don't spend more money that you can afford to lose. As with all businesses it takes time to tweak your skills to perfection. It is very easy to fall prey to internet sharks who promise fantastic returns in a short period of time. It simply does not work that way.

F. GIVE IT TIME

Forget about making a lot of money in a short time. It is slow tedious work,a ndmake some allowances for failure. Don't get discouraged. Find out what works and what does not work and improve yourself as you go along.

c. Michael Schandorf-Lartey 2004
http://www.amazingdealz.dropshipdesign.com

Michael Schandorf-Lartey is an internet entrepreneur, and operates a successful wholesale sourcing website that assists internet newcomers to launch their own Ebay businesses. He lives in Clermont, Florida with his wife and three children.


MORE RESOURCES:

CoinTelegraph

Bitcoin Goes Under the Hammer in Italy: Auctions and Crypto
CoinTelegraph
An Italian auction house based in Rome has opened up to the world of cryptocurrencies, blending the old with the new, as it will allow its patons to settle their payments in Bitcoin. While mass adoption has been slow for Bitcoin and other related ...

and more »


Holiday Bid & Buy Online Auction
Sioux City Journal
Siouxland Bid & Buy features great merchandise and services from local, trusted businesses who are customers of our newspaper. Using auction-style bidding, you can place bids on items available from these local vendors and, if you are the highest ...



CNBC

US Treasury yields lower as investors pivot focus to Fed developments
CNBC
U.S. government debt yields were lower Monday, as investors switched focus to the latest developments coming out of the auctions sphere and U.S. Federal Reserve. The yield on the benchmark 10-year Treasury note sat higher at around 2.372 percent at ...

and more »


TREASURIES-Prices slightly higher ahead of US debt auctions
Reuters
Focus on U.S. Treasury debt auctions * Investors expect solid demand for Treasury notes * ECB policy meeting also in focus (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Oct 23 (Reuters) - U.S. Treasury debt prices inched ...

and more »


Quartz

A Sunday in the life of a 90-year-old Indian auction house
Quartz
In the 1920s, the last functioning British auction house, Dowden and Company, which worked out of Broadway in Chennai, moved back to the UK. Two years after Dowden's departure, the government of India and the Madras high court expressed a need for ...



U.S. News & World Report

New York Real Estate Developer Buys Trump Drawing at Auction
U.S. News & World Report
This image provided by Julien's Auctions shows a sketch of the Empire State Building drawn by President Donald Trump that sold for $16,000 at auction on Oct. 19, 2017. The marker depiction of the iconic New York City skyscraper was created by Trump for ...
Art of the deal: Trump's Empire State Building doodle fetches $16000Reuters

all 14 news articles »


TechCrunch

Dropit runs live auctions on stadium scoreboards that fans bid on ...
TechCrunch
There's no doubt that our collective mobile device addictions are hurting real-world engagement for advertisers. This is especially true in professional..
DROPIT Partners With Phoenix Suns On In-Arena Reverse AuctionsSportTechie

all 3 news articles »


NY Sports Day

Gridiron Greats Memorabilia on Steiner Auctions Block for “Fall Classic” Auction
NY Sports Day
The Steiner Auctions' “Fall Classic” online auction is by no means limited to baseball memorabilia with a slew of collectibles signed by gridiron greats on the auction block up for grabs through November 18th. Such legendary Super Bowl champion ...



CleanTechnica

India To Auction 4.5 Gigawatts Of Wind Power Projects By February 2018
CleanTechnica
Sticking to its announced road map to expedite wind energy auctions, India will put 4.5 gigawatts of capacity on the block by February 2018. The Ministry of New and Renewable Energy has announced that auctions of 1.5 gigawatts of capacity each will ...

and more »


Domain Name Wire

Comparing the GoDaddy Auctions model vs. NameJet model
Domain Name Wire
There are two big players in the market for back ordering expiring domain names that haven't entered the deletion phase yet. These are names at registrars that have agreements with auction services to sell the names before they enter pending delete status.


Google News

home | site map
© 2006