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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. But for some, eBay represents a chance to create a second income or start a home business. Product choice is important. But to really increase profit you must know how to increase the number and amount of bids per item. An eBay seller must maximize each product's profit margin. This article describes techniques to make as much profit as possible.

1. Sell like products at the same time. Bidders look to see what else you have for sale they might be interested in. Combined shipping saves postage for the buyer. Packing in 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. If two sellers offer the same item, the buyer bids on the two item auction. Bundling two low cost items together also increases bids. A buyer may not be willing to pay shipping for 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 items early enough to allow for shipping. Don't expect to sell many Christmas items that must be shipped during the second week of December.

4. Understand profit margins. Don't buy to resell for only a $5 profit when you can make $20 on a different item. Determine your desired monthly income and choose products appropriately. Want to make 1000 a month? That is $250 a week. That's ten successful actions at $25.00 profit, or five items at $200 a month, or ten items at $100 each. Also packing 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 on your auction store/web site. If you sell underground fences for dogs, an up-sell item is a customized collar. A secondary product could be a pet door. Another secondary product could be a ebook on "Travel Safely With Your Pet". A back-end sale to the ebook could be a item that helps your family travel safely with your pet.

6. The List - For many successful online sellers the mailing list is where their money is made. Using a auto responder, sellers automatically email customers on their list at regular intervals. Including content with announcements of upcoming sales increases back end sales. Once a customer buys, they are more likely to buy again from same person or company.

7. Customer demographics should be considered. Collectors have expectations non-collectors don't. Example, some book buyers that are allergic like to see "book from non-smoking home" in ad. This would earn you a higher bid. What does the customer expect to see in a description?

8. Auction terms and conditions should be included with each auction. What shipping options are available? Do you take questions? Do you ship only certain days? What kind of payments do you take? Type whatever standard terms you offer in a word processor and cut and paste into your auctions. This saves time. For some sellers, typing the content for each auction is one of the most time consuming tasks.

Profit involves keeping costs reasonably low and creating higher bids. We've described some techniques for increasing profit. Sit down and mentally run through the process of auction selling 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 marketing consultant. 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.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sat. August / 19 / 2017

Geelong home auction market surges over July - Domain News

Geelong home auction market surges over July
Domain News
The strong Geelong housing market continues to produce robust results for sellers with auction clearance rates now tracking at their highest level for years. Geelong reported an auction clearance rate of 71.3 per cent over July which was significantly ...


Worldwide helps shift Monterey auction sales into higher gear - Classic Car News

Classic Car News

Worldwide helps shift Monterey auction sales into higher gear
Classic Car News
Things certainly picked up Thursday at the collector car auctions that are a big part of Monterey Car Week, and the sales should shift into high gear Friday with Bonhams staging its auction and RM Sotheby's and Gooding & Company starting their two-day ...

and more »

Andy's picks at RM Sotheby's 2017 Monterey auction - Classic Car News

Classic Car News

Andy's picks at RM Sotheby's 2017 Monterey auction
Classic Car News
This is a factory team car, one of five built, and was driven by none other than Roy Salvadori, Stirling Moss, Jack Brabham and Carroll Shelby. It is also to me the most beautiful sports racing car of all time. I am doubtful if I will ever see one ...

and more »

Southeast Pa. Hay Auction Summary - 8/11/17 - Lancaster Farming

Southeast Pa. Hay Auction Summary - 8/11/17
Lancaster Farming
Prior week sales for week ending Friday, August 11, 2017. Report comprised of Wolgemuth-New Holland, Kirkwood, and Wolgemuth-Leola hay auctions. ALFALFA: 4 loads, 18.45 tons. ALFALFA/GRASS: 29 loads, 116.34 tons. GRASS: 39 loads, 170.14 tons.

and more »

China auctions exploration rights for shale gas - ecns

China auctions exploration rights for shale gas
ecns
China auctioned the exploration rights for a shale gas mine Friday, the first such auction in the country. Guizhou Industrial Investment Corporation from southwest China's Guizhou Province paid 1.29 billion yuan (190 million U.S. dollars) for the ...

and more »

KAR Auction Services Inc - Receive News & Ratings Daily - BBNS

KAR Auction Services Inc - Receive News & Ratings Daily
BBNS
KAR Auction Services logo BB&T Corp raised its position in KAR Auction Services, Inc (NYSE:KAR) by 133.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned ...

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Rolex Monterey Motorsports Reunion: Champion Mika Hakkinen, others talk Laguna Seca's iconic Corkscrew - Monterey County Herald

Rolex Monterey Motorsports Reunion: Champion Mika Hakkinen, others talk Laguna Seca's iconic Corkscrew
Monterey County Herald
Previews open on Wednesday. Admission is $30 per person. RM Auctions' Sports & Classics of Monterey: Fine classic cars and unique sports cars, including a dedicated Ford-themed auction, will be auctioned at the Portola Hotel & Spa, Friday and Saturday.


The 10 Most Expensive Cars Sold at the 2017 Monterey Auctions, Day 1 - Car and Driver

Car and Driver

The 10 Most Expensive Cars Sold at the 2017 Monterey Auctions, Day 1
Car and Driver
Monterey Car Week annually brings thousands of moneyed automotive enthusiasts to central California for a multiple-day celebration of great cars. What better setting, then, for an auction house to offer some fine cars to the gathered throngs? After ...

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Trenton man named auctioneering champion at Illinois State Fair - Belleville News-Democrat

Trenton man named auctioneering champion at Illinois State Fair
Belleville News-Democrat
Ever since he was a little boy, attending farm auctions with his dad, Anthony Emig has been fascinated with auctioneers. The Trenton man started imitating them, trying to follow their techniques, and he's been learning ever since. Emig was named the ...


AUCTION, LIVESTOCK, REAL ESTATE SALE UPDATES - Fence Post

AUCTION, LIVESTOCK, REAL ESTATE SALE UPDATES
Fence Post
Public Auction, 11 a.m., 102 S. Clayton St., Brush, Colo., Associate Auctioneers of Colorado, (970) 380-7653, http://www.auctionzip.com ID#7082. □ Several Estate Auctions, Greeley Colo., Kreps-Wiedeman Auctions, (970) 356-3943, http://www.k-wauctions.


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