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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: Hundreds of David Lynch's Personal Items Are Up for Auction — Including His Director's Chair hypebeast.com Massive David Lynch Auction Includes Scripts, Cameras and So Many Coffeemakers (Exclusive) The Hollywood Reporter Young family pays $6.55 million to upsize to home in Roseville The Sydney Morning Herald Diddy’s prison outfit up for auction that he wore in ‘Monster’s Ball’ decades before current lockup New York Post Rare vintage baseball card collection up for sale includes Babe Ruth, Lou Gehrig, more Canton Repository 2006 Ford GT With Less Than 100 Miles Up For Auction Ford Authority Ross Ulbricht nets $1.3m in prison memorabilia auction, gets $31m ‘donation’ soon after - dlnews.com Tompkins County plans department shuffle, auction Fingerlakes1.com David Lynch Auction: His Director’s Chair, Espresso Machine, Red Curtain and More Up for Sale Variety West Virginia State Treasurer delivers auction funds to Wood County Sheriff’s Department News and Sentinel Diddy’s “Monster’s Ball” Prison Fit Goes Up for Auction as He Battles Real-Life Charges Baller Alert New York’s Spring Auctions Aimed for Trophies. They Got Troubles. The New York Times Want your own fire engine? Fate fire district auctioning truck for good cause NBC 5 Dallas-Fort Worth Failed Sotheby’s auction of $70M bust leaves art insiders speechless — are collectibles no longer covetable? Yahoo Finance PKL Season 12 auction: Full list of players bought and their bids ESPN Philippines Dave & Buster’s auctions off items from Ward location Hawaii News Now US treasury auctions off $44 billion or 7 year notes at a high yield of 4.194% Forexlive | Forex News, Technical Analysis & Trading Tools Antique toys from late Allentown’s man extensive collection up for auction. Here’s a look The Morning Call Why rare auction of legendary T206 Honus Wagner card is attracting multi-million dollar bids The New York Times Infamous Liner Turned Cruise Ship to Be Sold at Auction 77 Years After MV The Maritime Executive Mansion with private ski access to Park City Mountain is going up for auction The Salt Lake Tribune Our Online Silent Auction is LIVE — and it's overflowing with incredible generosity from our amazing community! Cape Gazette North Dakota woman shares story behind field of classic cars set for auction The Bismarck Tribune March Government Surplus Auctions to Feature Vehicles, Equipment for Sale; Bidding is Online Only Clark County (.gov) Eagle Radio Auction LIVE, BID NOW! Hays Post Hesitation Ahead of Treasury Auction and Month-End Mortgage News Daily Creating local value: renewable energy auctions in Colombia Stockholm Environment Institute David Lynch’s Personal Archive Going Up for Auction Consequence of Sound Phillips presents Standalone Damien Hirst Auction followed by the Evening & Day Editions auctions. FAD Magazine Abandoned vehicle auction scheduled for May 9 The Ithaca Voice ACV Auctions delivers Q1 revenue gain of 25% Digital Commerce 360 Anatomy of a $70 Million Auction Flop The New York Times The largest ever auction of Princess Diana’s clothes is taking place soon – here's what to expect Tatler A Long-Lost Frans Post Painting Was Found in a Barn. It Just Sold for Over $7 Million at Auction. ARTnews.com My Favorite Ride: Man takes kids to their first auction and ends up with a 1959 Corvette The Herald-Times 99.1 Joy FM wins auction for KDHX with $8.75 million bid, double an early offer St. Louis Post-Dispatch |
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