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No matter how many times I see it happening, I'm constantly amazed at the number of people who are literally throwing money away by making incredibly simple mistakes when they sell items in an online auction.
Over the last seven years, I've been making a great living buying and selling products on eBay and other online auction sites, and I've perfected a technique that pretty much guarantees anyone can start making a profit right away. That technique starts with avoiding mistakes like these -- mistakes I've seen people make every day for those same seven years.
If you're doing any of these four things, you're leaving money on the table with every single item you sell.
* Listing an item at the wrong time. It's a proven fact more buyers browse Internet auction sites on Sunday evenings than any other time during the week. If your auction is scheduled to end at any other time than Sunday evenings (specifically between 9 p.m. and 11 p.m. Eastern time), you're not getting the maximum exposure for your auction at a time when people are most eager to buy.
* Not giving your photos the attention they deserve.
There are two common mistakes people make with the
photos they use to entice buyers on eBay. One is not
having enough pictures to accompany your item's
description. Over the years, I've learned pictures of
your item are one of the most important components of
your sales page. (There are many reasons for this, but
I don't have the space to go into much detail here.)
Multiple pictures from various angles will ALWAYS help
you get higher bids for your products. The second
mistake is not making sure the pictures are up and
running on whatever server you're using BEFORE you list
your item. How many times have you been browsing an
auction site and seen a blank box where a picture of
the item should have been? That's a seller who's losing
money because of a very simple, and very common, oversight.
* Using "Las Vegas style" listings. I'm sure you know what I'm talking about here. A Las Vegas listing is one that uses all kinds of flashing animation, multicolored text and other bells and whistles in an attempt to entice bidders. In fact, it does just the opposite. Listings like these are distracting, hard to read, and will always discourage people from bidding, resulting in a lower final sales price. The descriptions that you give of your item on your sales page ARE NOT designed to get a buyer's attention (you already have that if they've clicked on your listing in the first place). They should be designed to get someone to actually place a bid.
* Using a reserve. Using a reserve to guarantee that you'll get a minimum price for an item will absolutely kill your auction. Trust me, I've seen it happen too many times to not accept this as a given. In fact, I often use other seller's auctions that have a reserve as a way to pick up items at ridiculously low prices that I can sell "the right way" for a huge profit a few days later -- but that's a different article altogether. For now, just realize that nothing scares away potential bidders better than seeing the "Reserve Not Yet Met" tag. If you're truly concerned about a minimum price, simply set your starting price a little higher.
John Reese has been actively involved with online auctions and eBay since 1996. Mr. Reese has written several articles on the subject and has recently created the "Internet Auction Secrets" Video for teaching others how to start, run, and manage a successful online auction business from home.
His 2-Hour Step-By-Step Video comes with access to a "Student's Only" web site where his students can keep up with the latest tips, tricks, and techniques. You can learn about how *you* can become one of his students at: http://www.auctionsecrets.com
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Acker Merrall Once Again the Undisputed #1 Live Wine Auction Firm in the World in 2017
Business Wire (press release)
NEW YORK--(BUSINESS WIRE)--Acker Merrall finished 2017 as the Undisputed #1 Live Auction firm in the World, with over US$73.5 Million in Live Auction revenue in the two most important global markets, Hong Kong and New York City, and over $80 million ...
Virgin Mobile announces first auction of premium mobile plans
The move follows in the footsteps of its sister company du, which had previously run similar auctions that sold millions of dirhams worth of special phone numbers to residents in the UAE. In this case, however, winning bidders will also get to enjoy ...
Virgin Mobile announces first auction of premium mobile plans
UAE residents who have a lot of money to spare can get to own a special mobile number at an auction by Virgin Mobile. Image Credit:Shutterstock. Dubai: Cashing in on the craze over unique mobile numbers, Virgin Mobile UAE announced on Monday that it is ...
Chinese ink-brush artwork sells for record $144m
A set of ink-brush paintings by Chinese artist Qi Baishi has sold for $144 million, breaking all records for Chinese paintings, a Beijing auction house said Monday. The group of 12 panels painted in 1925 were sold at auction on Sunday night for 931.5 ...
KAR Auction Services, Inc (NYSE:KAR) will be paying shareholders dividends of $0.35 on Jan 5, 2018.
Moreover, Vaughan Nelson Investment Management Ltd Partnership has 0.89% invested in KAR Auction Services, Inc. (NYSE:KAR) for 1.77M shares. Prelude Limited Liability Com accumulated 0% or 500 shares. 6,039 are held by Stifel Financial Corporation ...
Virgin Mobile UAE auctions premium mobile plans from AED9k
Virgin Mobile UAE, the recently launched digital mobile brand of Emirates Integrated Telecommunications Company (EITC), has announced it will be auctioning 40 premium mobile plans for the first time. Exclusively available via the auction app, Online ...
Vietnam's biggest brewer auctions 4.8 bln USD stake
HO CHI MINH CITY, Dec. 18 (Xinhua) -- Vietnam's biggest brewer Sabeco successfully sold here on Monday nearly 53.6 percent of its stake totaling 4.8 billion U.S. dollars to a local company. On the Ho Chi Minh City Stock Exchange, 20,000 shares of ...
Aneel auction expected to generate R $ 8.7 billion in investments
Invest in Brazil
With investments in the order of R $ 8.7 billion, 11 lots of concession of transmission lines were auctioned this Friday (15), by the National Electric Energy Agency (Aneel). This is the second event of its kind and will benefit 10 Brazilian states ...
Central Bank of Iraq Auctions $160634713 on 18 December 2017
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on December 18 registered $160,634,713 in sales, a 1.98% volume increase from the US $157,523,465 sold by Iraqi Dinar, credit and transfer at the previous auction held on December ...
Zsa Zsa Gabor's items up for auction
The iconic actress passed away last December aged 99 and several items from her estate at her Bel-Air mansion are to go on sale in April, including a Steinway piano, which featured in movie 'Behind the Candelabra', expected to fetch between $10,000 and ...
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