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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: US is auctioning a seized $325M Russian yacht with 8 state rooms, a helipad, a gym and a spa AP News $325 million Russian superyacht in San Diego up for auction fox5sandiego.com Thousands of Cars Will Be Auctioned Off During Monterey Car Week. These 16 Are the Coolest Road & Track Fuell assets go to auction, disappointing crowdfund backers Bicycle Retailer & Industry News Sawdust Festival to host auction to support artists benevolence fund Los Angeles Times We Tried To Guess How Much These Crazy Supercars Would Auction For, Then One Of Us Bought One The Autopian Mastropietro Winery Is Being Offered at Auction Business Journal Daily Germany receives no bids in zero-subsidy offshore wind auction Offshore Magazine Rare baseball cards and gold bar up for grabs at state fair auction The State Journal-Register Heritage Auctions welcomes new director in Beverly Hills Beverly Press & Park Labrea News Analysis: Why Germany’s offshore wind auction failed Wind Power Monthly Auction result of Treasury Bonds - RIKB 38 0215 GlobeNewswire MDCE's New AI Technology Targets Both Medical Diagnostics and Sports Memorabilia Authentication Markets Stock Titan Simón Bolívar's Long-Lost Firearm Surfaces for Auction as Venezuela Captures Global Headlines PR Newswire Deal Dispatch: Performance Food Group And Claire's Lead A Week Of Big Auctions, Retail Woes Benzinga Family of Packers safety Tom Brown puts Super Bowl, NFL Championship rings up for auction Green Bay Press-Gazette Romanian bourse BRM joins power auctions within European Single Intraday Coupling Balkan Green Energy News Ten-acre Aspen equestrian estate to sell at auction AspenTimes.com Cox Automotive Signs Intent to Acquire Bel Air and Tallahassee Auto Auctions from BSC America Cox Automotive Inc. Japan Designates New Sites Offshore Hokkaido for Wind Auctions OffshoreWIND.biz PLCB accepting sealed bids for auction of expired restaurant licenses, including in Bucks bucksindependence.com Governor’s Blue Ribbon Auction rewards Wisconsin fair exhibitors Brownfield Ag News GAA Classic Cars Recaps July Greensboro, NC Auction duPont REGISTRY News The government is making an unprecedented move to fund itself — and it’s raising some eyebrows MarketWatch Fancy a Ferrari 250 GTO in White? You're In Luck — The Only One Is Heading to Auction - Road & Track Super Saturday: Super Auction returns this weekend Citizen Tribune [VIDEO] 2025 Corvette ZR1 Sells for $391K at Manheim Dealer Auction - Corvette: Sales, News & Lifestyle CorvetteBlogger Best of Panama auction sees world-record price Global Coffee Report Dynan leaves San Diego County with $10,000 lamb sale at county fair auction Village News Homepage Yacht Amadea Auction Set for September Megayacht News Wellsburg school off the auction block for now heraldstaronline.com Fairly Resilient Despite Bumpy Auction Mortgage News Daily Was It Rob Liefeld Trying To Sell His Deadpool Cover For $7.5 Million? Bleeding Cool News State Fair Livestock Auction Raises Over $380K to Support Wisconsin Youth in Agriculture Racine County Eye MDCE Powers Up with Patent-Pending AI Tech, Auction Expansion & Share Restructure Plan ACCESS Newswire Russian superyacht up for auction NEWS10 ABC Jyske Realkredit’s auctions for 1 October 2025 refinancing The Manila Times Milwaukee's abandoned boat 'Deep Thought' sells for just $2.5K, leaving county to foot rest of the bill Milwaukee Journal Sentinel |
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