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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 Sun. July / 12 / 2020

Auctions Are Crimped as the Pandemic Forces Them Online - The New York Times
Auctions Are Crimped as the Pandemic Forces Them Online  The New York Times

Dallas-based Heritage Auctions sells vintage Super Mario video game for $114,000 - The Dallas Morning News
Dallas-based Heritage Auctions sells vintage Super Mario video game for $114,000  The Dallas Morning News

Christie’s New Auction Technique: The Global Gavel - The New York Times
Christie’s New Auction Technique: The Global Gavel  The New York Times

KROX CRAZY DAYS AUCTIONS WILL BE JULY 16 AT 9:30 AM AND 5:00 PM - kroxam.com
KROX CRAZY DAYS AUCTIONS WILL BE JULY 16 AT 9:30 AM AND 5:00 PM  kroxam.com

Annual Grand Forks Police auction opens for online bidding - Grand Forks Herald
Annual Grand Forks Police auction opens for online bidding  Grand Forks Herald

Preview: RM Sotheby’s Online Open Roads Auction - RACER
Preview: RM Sotheby’s Online Open Roads Auction  RACER

Space Suit From ‘2001: A Space Odyssey’ Heads to Auction, Sale Could Spike to $300,000 - IndieWire
Space Suit From ‘2001: A Space Odyssey’ Heads to Auction, Sale Could Spike to $300,000  IndieWire

Phillips Restarts Live Auctions With Record Results for Titus Kaphar and Christina Quarles, Notable Debut for Otis Kwame Kye Quaicoe - Culture Type
Phillips Restarts Live Auctions With Record Results for Titus Kaphar and Christina Quarles, Notable Debut for Otis Kwame Kye Quaicoe  Culture Type

Live Mecum Auction returns to Indianapolis with 2,500 Collector Cars - Fox 59
Live Mecum Auction returns to Indianapolis with 2,500 Collector Cars  Fox 59

Hedge Fund Chatham Wins Bankruptcy Auction for McClatchy’s Newspapers - The Wall Street Journal
Hedge Fund Chatham Wins Bankruptcy Auction for McClatchy’s Newspapers  The Wall Street Journal

33rd Mecum Auctions kicks off with new safety rules amid COVID-19 pandemic - WISHTV.com
33rd Mecum Auctions kicks off with new safety rules amid COVID-19 pandemic  WISHTV.com

Letter, 7/12: Keep auto auction live, local - Lincoln Journal Star
Letter, 7/12: Keep auto auction live, local  Lincoln Journal Star

Editorial: Fair livestock auctions can make summer special for youth - Albany Democrat Herald
Editorial: Fair livestock auctions can make summer special for youth  Albany Democrat Herald

Biz Buzz: Falati buys champion steer at fair auction - Fairfield Daily Republic
Biz Buzz: Falati buys champion steer at fair auction  Fairfield Daily Republic

A property auction is coming to America’s wealthiest ZIP code —a first - Yahoo Finance
A property auction is coming to America’s wealthiest ZIP code —a first  Yahoo Finance

Max Holloway posts video about auction to benefit Hawaii Foodbank following UFC 251 loss - KHON2
Max Holloway posts video about auction to benefit Hawaii Foodbank following UFC 251 loss  KHON2

Auction Report: A Rare Rolex Daytona Fetches $3.27 Million At Sotheby's Hong Kong Auction - HODINKEE
Auction Report: A Rare Rolex Daytona Fetches $3.27 Million At Sotheby's Hong Kong Auction  HODINKEE

Greenwich mansion owned by shoe mogul Camuto to sell at auction - Crain's New York Business
Greenwich mansion owned by shoe mogul Camuto to sell at auction  Crain's New York Business

Auction offers hidden treasures | News - Independent-Messenger
Auction offers hidden treasures | News  Independent-Messenger

Rare 1st Edition Holographic Venusaur Pokémon Card On Auction - Bleeding Cool News
Rare 1st Edition Holographic Venusaur Pokémon Card On Auction  Bleeding Cool News

NOTICE OF AUCTION IN ACCORDANCE | Legal Announcements - Maryville Daily Times
NOTICE OF AUCTION IN ACCORDANCE | Legal Announcements  Maryville Daily Times

12 more Manheim auctions to start piloting in-lane bidding this week - Auto Remarketing
12 more Manheim auctions to start piloting in-lane bidding this week  Auto Remarketing

Crop shortfall leads to higher tea prices at auctions - Deccan Herald
Crop shortfall leads to higher tea prices at auctions  Deccan Herald

RavnAir cancels auction for remaining planes, calling rural hub service into question - Alaska Public Media News
RavnAir cancels auction for remaining planes, calling rural hub service into question  Alaska Public Media News

Josh Gordon's Super Bowl ring is headed for auction - Patriots Wire
Josh Gordon's Super Bowl ring is headed for auction  Patriots Wire

1986-87 Fleer Basketball Sealed Case Hitting the Auction Block, Could Top $1 Million - Beckett Media, LLC
1986-87 Fleer Basketball Sealed Case Hitting the Auction Block, Could Top $1 Million  Beckett Media, LLC

Summer Christmas: Toy N Joy Auction | News | thechronicleonline.com - St. Helens Chronicle
Summer Christmas: Toy N Joy Auction | News | thechronicleonline.com  St. Helens Chronicle

Founder of O'Neill brand's Santa Cruz area estate up for auction - SFGate
Founder of O'Neill brand's Santa Cruz area estate up for auction  SFGate

Pa. will try its luck again in mini-casino license auction - PennLive
Pa. will try its luck again in mini-casino license auction  PennLive

Josh Gordon’s Super Bowl ring is up for auction - Boston.com
Josh Gordon’s Super Bowl ring is up for auction  Boston.com

Disputed African Artifacts Sell at Auction - The New York Times
Disputed African Artifacts Sell at Auction  The New York Times

Live Jewelry Auctions To Return, But Online Sales Will Persist - pymnts.com
Live Jewelry Auctions To Return, But Online Sales Will Persist  pymnts.com

Phillips Brings Back Live Watch Auctions With Geneva Auction: XI - Barron's
Phillips Brings Back Live Watch Auctions With Geneva Auction: XI  Barron's

Tips to Use Online Auctions to Find Used Car Inventory - http://cbtnews.com/
Tips to Use Online Auctions to Find Used Car Inventory  http://cbtnews.com/

Art World Awaits Live-Streamed New York Auctions - Barron's
Art World Awaits Live-Streamed New York Auctions  Barron's

Bangalore Development Authority auctions 85% of the listed corner sites - Deccan Herald
Bangalore Development Authority auctions 85% of the listed corner sites  Deccan Herald

28-Carat D-Color Diamond Sets Online Auction Record Of $2.1 Million - Forbes
28-Carat D-Color Diamond Sets Online Auction Record Of $2.1 Million  Forbes

Katharine Hepburn's love letters to Howard Hughes up for auction - The Jakarta Post - Jakarta Post
Katharine Hepburn's love letters to Howard Hughes up for auction - The Jakarta Post  Jakarta Post

For Goat's Sake: Alameda County Fair Takes Live Auction Online - KCBS
For Goat's Sake: Alameda County Fair Takes Live Auction Online  KCBS

Ritchie Bros. set to sell 35,000+ items in its biggest auction week ever - PRNewswire
Ritchie Bros. set to sell 35,000+ items in its biggest auction week ever  PRNewswire

McClatchy Says Chatham Asset Management Wins Auction Bid - BNN
McClatchy Says Chatham Asset Management Wins Auction Bid  BNN

Household.HiBid.com: A Dedicated Site for Auctions Featuring Furniture, Housewares & Other Household Goods - Yahoo Finance
Household.HiBid.com: A Dedicated Site for Auctions Featuring Furniture, Housewares & Other Household Goods  Yahoo Finance

Alaska's largest rural airline will go on the auction block Tuesday - Alaska Public Media News
Alaska's largest rural airline will go on the auction block Tuesday  Alaska Public Media News

Park Avenue Numismatics Internet Auctions to Launch July 2020 - CoinWeek
Park Avenue Numismatics Internet Auctions to Launch July 2020  CoinWeek

Kurt Cobain’s ‘MTV Unplugged’ Guitar Sells for $6 Million at Auction - Rolling Stone
Kurt Cobain’s ‘MTV Unplugged’ Guitar Sells for $6 Million at Auction  Rolling Stone

CBRS PAL auction poised to emerge a doozy, possibly raising $10B - FierceWireless
CBRS PAL auction poised to emerge a doozy, possibly raising $10B  FierceWireless

Jul 17 | 2020 Great Bay Plein Air Art Auction | Portsmouth, NH Patch - Patch.com
Jul 17 | 2020 Great Bay Plein Air Art Auction | Portsmouth, NH Patch  Patch.com

Historic space exploration artifacts launch for sale at RR Auction [Sponsored] - collectSPACE.com
Historic space exploration artifacts launch for sale at RR Auction [Sponsored]  collectSPACE.com

4-H students participate in auction in Independence - KCRG
4-H students participate in auction in Independence  KCRG

Censored Michael Turner Superman/Batman Page For Auction At Heritage - Bleeding Cool News
Censored Michael Turner Superman/Batman Page For Auction At Heritage  Bleeding Cool News

Ming Dynasty encyclopedia sells for more than $9 million at auction -- 1,000 times the expected price - CNN
Ming Dynasty encyclopedia sells for more than $9 million at auction -- 1,000 times the expected price  CNN

Treasury yields hold ground as 10-year note auction fetches lowest rate on record - MarketWatch
Treasury yields hold ground as 10-year note auction fetches lowest rate on record  MarketWatch

Positive COVID-19 test for person who attended Seneca Co. pony auction - 13WHAM-TV
Positive COVID-19 test for person who attended Seneca Co. pony auction  13WHAM-TV

Greenwich Mansion Owned by Shoe Mogul Vince Camuto to Sell at Auction - Bloomberg
Greenwich Mansion Owned by Shoe Mogul Vince Camuto to Sell at Auction  Bloomberg

Central counterparty default management auctions - Issues for consideration - bis.org
Central counterparty default management auctions - Issues for consideration  bis.org

Silver Lakes Resort in Helendale to be Sold in Bankruptcy Auction - VVNG.com
Silver Lakes Resort in Helendale to be Sold in Bankruptcy Auction  VVNG.com

Santa Monica's Pacific Dining Car Auctions Assets as Restaurant Shuts Down - Hollywood Reporter
Santa Monica's Pacific Dining Car Auctions Assets as Restaurant Shuts Down  Hollywood Reporter

Student art auction a huge success for Animal Harbor - Winchester Herald Chronicle
Student art auction a huge success for Animal Harbor  Winchester Herald Chronicle

Paul's Italian restaurant closes for good; auction planned for Friday. - Winston-Salem Journal
Paul's Italian restaurant closes for good; auction planned for Friday.  Winston-Salem Journal

Art Auction or Game Show? Sotheby’s Tries Something New - The New York Times
Art Auction or Game Show? Sotheby’s Tries Something New  The New York Times

No Ionia Free Fair, but Youth Livestock Auction goes virtual July 23 - Greenville Daily News
No Ionia Free Fair, but Youth Livestock Auction goes virtual July 23  Greenville Daily News

Entrepreneurs Top Sycamore In Pier 1 Bankruptcy Auction - Wall Street Journal
Entrepreneurs Top Sycamore In Pier 1 Bankruptcy Auction  Wall Street Journal

Yields on gov't securities drop on auctions - BusinessWorld Online
Yields on gov't securities drop on auctions  BusinessWorld Online

100000-plus auction sales for 3 straight weeks - Auto Remarketing
100000-plus auction sales for 3 straight weeks  Auto Remarketing

Online Sales the New Norm for Local Auctions - PembinaValleyOnline.com
Online Sales the New Norm for Local Auctions  PembinaValleyOnline.com

Tesla's Patents, Einstein's Letters and an Enigma Machine Are Up for Auction - Smithsonian Magazine
Tesla's Patents, Einstein's Letters and an Enigma Machine Are Up for Auction  Smithsonian Magazine

Christie's global online auction raises $421 mln, sets new record - CGTN
Christie's global online auction raises $421 mln, sets new record  CGTN

Sky high Flagstaff Ballroom attracts $1.425 million top bid in auction - Morning Call
Sky high Flagstaff Ballroom attracts $1.425 million top bid in auction  Morning Call

Ancient, World Coin Heritage Signature Auction Open for Bidding Soon - CoinWeek
Ancient, World Coin Heritage Signature Auction Open for Bidding Soon  CoinWeek

Nearly $28M in Assets Sold Through HiBid.com Last Week; Coins, Office Supplies & More for Sale in Upcoming Auctions - PRNewswire
Nearly $28M in Assets Sold Through HiBid.com Last Week; Coins, Office Supplies & More for Sale in Upcoming Auctions  PRNewswire

With a record number of bidders, CBRS auction estimates rise to $10B - Light Reading
With a record number of bidders, CBRS auction estimates rise to $10B  Light Reading

Former LA Ram to auction Chatsworth home with no reserve - The Real Deal
Former LA Ram to auction Chatsworth home with no reserve  The Real Deal

Josh Gordon's Patriots Super Bowl Ring Hits Auction, Could Fetch $100K! - TMZ
Josh Gordon's Patriots Super Bowl Ring Hits Auction, Could Fetch $100K!  TMZ

Hottest Prizm Basketball Card Auctions as Now Familiar Brand Cements... - Sports Collectors Daily
Hottest Prizm Basketball Card Auctions as Now Familiar Brand Cements...  Sports Collectors Daily

More good signs for auto auction sales volume - Auto Remarketing
More good signs for auto auction sales volume  Auto Remarketing

Auction for Ravn Air Group continues Wednesday - KTVA
Auction for Ravn Air Group continues Wednesday  KTVA

HiBid.com Reports Record Auction Total and Over $32M in Assets Sold Last Week; Coins, Restaurant Equipment & More for Sale in Current Auctions - PRNewswire
HiBid.com Reports Record Auction Total and Over $32M in Assets Sold Last Week; Coins, Restaurant Equipment & More for Sale in Current Auctions  PRNewswire

Carbon County landmark with celebrated past on auction block Tuesday - Morning Call
Carbon County landmark with celebrated past on auction block Tuesday  Morning Call

Ask Geoffrey: The Weird, Wild and Wacky Days of the WTTW Auction - WTTW News
Ask Geoffrey: The Weird, Wild and Wacky Days of the WTTW Auction  WTTW News

Stack's Bowers presents important early cents at Aug. 6 auction - Coin World
Stack's Bowers presents important early cents at Aug. 6 auction  Coin World

2020 Fantasy Baseball Mock Draft: 12-team Rotisserie auction for the 60-game season - CBS Sports
2020 Fantasy Baseball Mock Draft: 12-team Rotisserie auction for the 60-game season  CBS Sports

Over $300-thousand Raised Thus Far During Fair Virtual Auction - MyMotherLode.com
Over $300-thousand Raised Thus Far During Fair Virtual Auction  MyMotherLode.com

Memorabilia, décor and more from Home of the Brave up for auction - Pacific Business News (Honolulu)
Memorabilia, décor and more from Home of the Brave up for auction  Pacific Business News (Honolulu)

Auctions offer companies a reliable way to liquidate assets - Smart Business Network
Auctions offer companies a reliable way to liquidate assets  Smart Business Network

Judge blocks auction of Abigail Kawananakoa's belongings - Honolulu Star-Advertiser
Judge blocks auction of Abigail Kawananakoa's belongings  Honolulu Star-Advertiser

Spanning four cities and four hours, Christie's virtual auction brings in $420m in sales - The National
Spanning four cities and four hours, Christie's virtual auction brings in $420m in sales  The National

Mecum's Gone Farmin' auction hits 95 percent sell-through - The ClassicCars.com Journal
Mecum's Gone Farmin' auction hits 95 percent sell-through  The ClassicCars.com Journal

2 Rutherford County-owned buildings on Murfreesboro square to go up for auction - Daily News Journal
2 Rutherford County-owned buildings on Murfreesboro square to go up for auction  Daily News Journal

Auction at Kay Rodgers Park - Times Record
Auction at Kay Rodgers Park  Times Record

Former restaurant up for auction Sunday - tnonline.com
Former restaurant up for auction Sunday  tnonline.com

Christie's auctions off 28.86-carat diamond for over $2 million - Business Insider - Business Insider
Christie's auctions off 28.86-carat diamond for over $2 million - Business Insider  Business Insider

Preliminary clearance rate shows 62.2 per cent of homes sold at auction - Elite Agent
Preliminary clearance rate shows 62.2 per cent of homes sold at auction  Elite Agent

Paramount Triggers UCC Auction on Kushner's Times Square Retail Condo - Commercial Observer
Paramount Triggers UCC Auction on Kushner's Times Square Retail Condo  Commercial Observer

Mount Vernon church auction gets bidders but no buyer - Baltimore Fishbowl
Mount Vernon church auction gets bidders but no buyer  Baltimore Fishbowl

Copart: The King Of Auto Auctions - Seeking Alpha
Copart: The King Of Auto Auctions  Seeking Alpha

Ultra-Rare LeBron James Card Hits Auction Block, Expected To Sell For $1 MILLION - TMZ
Ultra-Rare LeBron James Card Hits Auction Block, Expected To Sell For $1 MILLION  TMZ

Convict love token far exceeds estimate in London auction - Coin World
Convict love token far exceeds estimate in London auction  Coin World

Auction-Farm Equipment-Pony drawn carts June 27th at 10 am. Robert - NNY360
Auction-Farm Equipment-Pony drawn carts June 27th at 10 am. Robert  NNY360

Auto-auction firm proposes new use for site of Atco Dragway - Burlington County Times
Auto-auction firm proposes new use for site of Atco Dragway  Burlington County Times

Ransomware Gang Auctions Off US Healthcare Data for Bitcoin - Cointelegraph
Ransomware Gang Auctions Off US Healthcare Data for Bitcoin  Cointelegraph

 

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