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Net Auctions and Auction Information |
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How To Increase eBay Profits
Some sell on eBay to clean out their garage or attic.Some sell to make a little extra money here and there. Butfor some, eBay represents a chance to create a secondincome or start a home business. Product choice isimportant. But to really increase profit you must know how toincrease the number and amount of bids per item. An eBayseller must maximize each product's profit margin. Thisarticle describes techniques to make as much profit aspossible. 1. Sell like products at the same time. Bidders look tosee what else you have for sale they might be interestedin. Combined shipping saves postage for the buyer. Packingin the same box saves time and packing costs for the seller. 2. Bundle a less desirable item with a more desirable item increases sales. This is an old offline auction technique.If the bidder wants the better item he has to buy both. Iftwo sellers offer the same item, the buyer bids on the twoitem auction. Bundling two low cost items together alsoincreases bids. A buyer may not be willing to pay shippingfor one item, but would for two. 3. Remember seasonal issues. Don't sell snow skis in July,water skis in January. Be sure to offer seasonal itemsearly enough to allow for shipping. Don't expect to sellmany Christmas items that must be shipped during the secondweek of December. 4. Understand profit margins. Don't buy to resell foronly a $5 profit when you can make $20 on a different item.Determine your desired monthly income and choose productsappropriately. Want to make 1000 a month? That is $250 aweek. That's ten successful actions at $25.00 profit, orfive items at $200 a month, or ten items at $100 each. Alsopacking 10 items takes less time than packing 20 items.Always consider time as a cost. 5. Don't forget back end sales and secondary products.Offer similar products during the payment process or onyour auction store/web site. If you sell underground fencesfor dogs, an up-sell item is a customized collar. Asecondary product could be a pet door. Another secondaryproduct could be a ebook on "Travel Safely With Your Pet".A back-end sale to the ebook could be a item that helpsyour family travel safely with your pet. 6. The List - For many successful online sellers themailing list is where their money is made. Using aautoresponder, sellers automatically email customers ontheir list at regular intervals. Including content withannouncements of upcoming sales increases back end sales.Once a customer buys, they are more likely to buy againfrom same person or company. 7. Customer demographics should be considered. Collectorshave expectations non-collectors don't. Example, some bookbuyers that are allergic like to see "book from non-smokinghome" in ad. This would earn you a higher bid. What doesthe customer expect to see in a description? 8. Auction terms and conditions should be included witheach auction. What shipping options are available? Do youtake questions? Do you ship only certain days? What kind ofpayments do you take? Type whatever standard terms youoffer in a word processor and cut and paste into yourauctions. This saves time. For some sellers, typing thecontent for each auction is one of the most time consumingtasks. Profit involves keeping costs reasonably low and creatinghigher bids. We've described some techniques for increasingprofit. Sit down and mentally run through the process of auctionselling and come up with some of your own ideas.EBay is a great business opportunity but like any business, sellers must be wise in their product choice and sales techniques. Author info: L. C. Peterson is a writer and web marketingconsultant. Her sites include http://www.new2auctions.com, http://www.LCPeterson.com, and http://www.publishingebooks.com. For more information on online marketing, content and ebook creation and online auctions take a look.
MORE RESOURCES: Treasury Auctions In Plain English Real Investment Advice COSL announces regional tax auction for Clark, Nevada, Ouachita and Dallas counties Camdenarknews.com ULM Athletics Partners with Live Source for Online Auctions University of Louisiana Monroe Athletics Signed Marilyn Monroe passport photo taken for honeymoon with Joe DiMaggio sells for over $21K at auction New York Post Exclusive | How do T20 league auctions work during a busy calendar? A behind-the-scenes look as ILT20 tak Times of India PJM Capacity Auction for 2026/2027 Delivery Year Opens PJM Inside Lines The Original Birkin Bag Sells for $10.1 Million at Auction The Wall Street Journal Specialty Auction Draws Regional Interest to Harbert Antique Mall This Saturday Moody on the Market New Auction Tool Cuts Crane Rental Costs and Speeds Up Bidding From: MYCRANE - For Construction Pros New Auction Tool Cuts Crane Rental Costs and Speeds Up Bidding From: MYCRANE For Construction Pros Marine Auctions: Two Online Auctions in July Sail-World.com 2025 Logan County Junior Fair Auction Bellefontaine Examiner BROAD ARROW ANNOUNCES INAUGURAL LAS VEGAS AUCTION IN GlobeNewswire Yoder Auction Service The Derrick eBay Tests Extended Bidding For Trading Card Auctions - Will Sniping Be A Thing Of The Past? Value Added Resource Auction at Norfolk International Airport will include lost and found, surplus items and vehicles WAVY.com Fueled by Generosity, Silent Auction Raises $11,000 for Angus Foundation Oklahoma Farm Report Lovell Historical Society hosts a Summer Fair auction The Portland Press Herald Cars We Remember: This year's most expensive auction cars are multi-million dollar machines The News-Item Willie Mays’ most prized possessions are going up for auction in SF The San Francisco Standard Extremely Rare 1967 Ford Mustang Up For Auction In Italy Ford Authority The Largest Martian Meteorite in the World Is Heading to Auction and Could Sell for $4 Million Smithsonian Magazine Talking Couture, the Birkin Auction, and Anna Wintour with Dana Thomas Back Row | Amy Odell $10M Bend estate with airplane hangar, ‘Top Gun’ sand volleyball court and underground bunker hits the auctio OregonLive.com Billy McFarland Puts Fyre Fest Up for Auction on eBay Consequence of Sound Jane Birkin’s original Hermès bag sells at auction for 7 million euros ABC News - Breaking News, Latest News and Videos State Surplus Property Auction Begins Online This Saturday Elmore-Autauga News First ever Birkin sold for USD 10 mil at Paris auction Prestige Hong Kong Fed Speakers and Auction Help Bonds Hold Steady Mortgage News Daily Livestock premium auction to reward 4-H, FFA youth July 21 Hastings Tribune U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.362% Forexlive | Forex News, Technical Analysis & Trading Tools Alabama state surplus auction opens online Saturday with bargain boats, cars and more Gulf Coast Media Post Brothers D.C. Office-to-Resi Project Heads to Second Foreclosure Auction Commercial Observer A private collector scored the OG Birkin for $10 million Business Insider On the Market: Murdock building up for auction, former water fountain factory Cincinnati Enquirer Santa Barbara County Fair livestock auction begins with buyers organization ready to support local agriculture students News Channel 3-12 735+ Acres of Iowa Farmland Heading to Auction in July Successful Farming How to Score 300 Bottles of Bordeaux, a Barrel of Wine, and Stay at a French Château All at Once Food & Wine Lender Schedules Auction for Fenway Development Site Banker & Tradesman |
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