Auction Information

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:

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 »


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 $16,000Reuters

all 14 news articles »


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 ...



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