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Tips on How to Profit from eBay Buy It Now Auction Listings
eBay is an online auction site so it stands to reason that most users will tend to auction off their items aiming to get a high price. The problem with auctioning items is that eBay can be a very fickle place, one week an item may sell for hundreds of pounds but the next week the same item may sell for pennies. Your success rate on eBay is affected by the number of people who are willing, and able, to bid large amounts on your items. If the buyers can't, for some reason, bid high amounts on one particular auction, you run the risk of losing money. There is no way of telling when an item will sell for a high amount. If there was, there would be many more very successful eBayers out there. One way you can almost guarantee you will sell an item for a good price is to use a Buy It Now (BIN) listing. In order to use BINs successfully, you have to get the price right. Too high and it will not sell. Too low and it will be bought almost immediately, probably by a competitor who will relist it to try and profit from your mistake. So, how can you use a BIN listing to profit? If you've got a good idea how much the item is worth, list it for that price as a BIN. If you don't know how much it is worth, try searching for it in the Completed Listings searches. In my case, I was quite successful selling DVDs with BIN listings. I simply searched for the DVD I was selling in the completed listings section, sorted by Highest Price and then listed my item at the highest price I could find which had sold. At times, I also added a little more to the price. Why? Because the great benefit of BIN listings is that impatient buyers can get them almost immediately without having to wait for an auction to end and without running the risk of losing out to another bidder. If you cannot find the item in the completed listings section or it is very rare and you are unsure of the value, list the item with a very high (almost ridiculous) price. Any potential buyers will find the item, provided you have listed it correctly. Let the listing run for the full 10 days; it is a very good idea to always use 10 day BIN listings as you pay the same price as a 1, 3, 5 or 7 day listing and get more coverage. If the item doesn't sell, don't be tempted to drop the price or auction it off. Too many people do this and lose money. Remember, patience is a virtue. Instead, list it again but this time add more text to the description telling viewers that you are open to offers. You may well find that someone will contact you through the "Ask Seller a Question" link offering you a quick payment if you are prepared to sell for £x. If the offer is not good enough, reply to the sender and politely refuse but suggest a price you would be willing to sell for. On the other hand, if you are holding out for the maximum you have already specified, tell them why and justify your answer. You may well find that they relent. At the end of the day, if you do have a high value item then it will cost you a maximum of £2 per listing. Each time you place it on eBay you are attracting more potential buyers. This means that you can have your item available to billions of potential bidders for 100 days for a reasonable £20. And, when a buyer finally comes and offers the correct asking price, you will not have lost much whatsoever if it is a high value item. One point to remember; if you give up and auction the item off or sell at a lower price, you may well find you sell it to someone who will actually do the above and profit from your mistake. Ben Catt is an active eBay buyer and seller and runs an eBay Tips and Tricks website found at http://www.BenCatt.com.He also runs a business opportunity information site - http://www.BizOppsUK.com
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Sotheby’s Establishes a Foothold in Saudi Arabia After Hosting the Kingdom’s First Major Auction ARTnews Cable and Wireless Lobbyists Go to War Over Spectrum Auctions BroadbandBreakfast.com Auction Preview: Numismatic Auctions LLC Auction Sale #69 Numismatic News Bonds Retreat to Recent Range Ahead of Auctions, Powell, CPI Mortgage News Daily Roger Maris’ 61-Homer Season Jersey Up For Seven-Figure Bid Pinstripes Nation CBI auctions +$292 million on Tuesday Shafaq News Texas A&M TE Martellus Bennett Lists 'Most Desirable' Super Bowl Ring for Auction Sports Illustrated Stradivarius Violin Auction Raises $11 Million for Scholarships at Boston Music School Good News Network Christie’s plans its first AI art auction GZERO Media MD Horse Foundation Stallion Season Auction Underway BloodHorse.com Western Flyer relics go to auction this week Gig Harbor Now Hidalgo County Public Auction, March 1st Texas Border Business The Legendary 1989 RUF CTR Yellowbird Coupe Heads to Auction stupidDOPE.com News : Wesley United Methodist Church to Host Silent Auction to help fund projects - vintontoday.com ‘All original’ Ford Bronco from 1976 up for auction and there’s a surprise on the dashboard... The US Sun The 25 Most Expensive Cars Ever Sold at Auction Robb Report Helping Hand Radio Auction Now At $28,568 Radio NWTN Graded Kenner The Real Ghostbusters Fire Station Headquarters Playset Hits the Auction Block Ghostbusters News CLOUD & LEAF BOOKSTORE AUCTION FUNDRAISER FEB. 15th Tillamook County Pioneer 3,700 artists sign letter opposing Christie’s AI art auction Straight Arrow News Push Rods Charity Auction This Sunday KXRO Newsradio Apex Realty hosts benefit auction for My Father’s House Main Street Media of Tennessee Classic car sales aplenty at Rétromobile 2025 auctions, but pre-sale estimates largely way off Magneto magazine Fleet of classic cars is up for auction in S.F. — including a $1.5 million Mercedes-Benz San Francisco Chronicle An El Greco Is Pulled From an Auction as Romania Objects The New York Times Historic bank building heads back to auction The Business Journals 'Catastrophic for this section' of city: CarMax 'reassessing' plans for Route 20 car auction Worcester Telegram Historic Holyoke Bank headed back to auction MassLive.com UK to auction £1.75 billion of 4% Treasury Gilt 2063 Investing.com Victor Hugo Drawings, Barry Humphries's Wilde Collection, Presidential Letters: Auction Preview Fine Books & Collections Magazine St. Paul's former Pazzaluna space to be sold at auction Bring Me The News Lewis & Clark Foundation prepares for annual online auction KRTV NEWS Great Falls Russia plans next crab quota auctions, including another discount effort Undercurrent News Christie’s staging auction made up entirely of AI art Art Newspaper |
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