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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 Mon. January / 20 / 2020

Public auctions often fetch more for in-demand properties - St. Augustine Record
Public auctions often fetch more for in-demand properties  St. Augustine Record

Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions - Forbes
Three Incredible Supercars from the 2020 RM Sotheby’s Scottsdale Auctions  Forbes

Online Wine Auctions: A Beginner's Guide - Wall Street Journal
Online Wine Auctions: A Beginner's Guide  Wall Street Journal

Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend - Yahoo Finance
Rare '48 Tucker is just one of the million-dollar-plus cars up for auction this weekend  Yahoo Finance

Wisconsin fur: Finnish auction house takes over Stoughton mink trading hub - Madison.com
Wisconsin fur: Finnish auction house takes over Stoughton mink trading hub  Madison.com

Late Actor Paul Walker's Vehicles Garner $2.33 Million at Arizona Auction - The New York Times
Late Actor Paul Walker's Vehicles Garner $2.33 Million at Arizona Auction  The New York Times

First 2020 Chevrolet Corvette C8 Auctions for $3 Million - Automobile - Automobile
First 2020 Chevrolet Corvette C8 Auctions for $3 Million - Automobile  Automobile

Lake County supervisors discuss tax defaulted land auctions - Lake County Record-Bee
Lake County supervisors discuss tax defaulted land auctions  Lake County Record-Bee

McGavock auctions off Patrick Mahomes firefighter helmet for Lubbock families of first responders - KLBK | KAMC | EverythingLubbock.com
McGavock auctions off Patrick Mahomes firefighter helmet for Lubbock families of first responders  KLBK | KAMC | EverythingLubbock.com

Arizona Car Week 2020: 4 car auctions to see in the Valley this week - ABC15 Arizona
Arizona Car Week 2020: 4 car auctions to see in the Valley this week  ABC15 Arizona

Preview: The 2020 Las Vegas Motorcycle Auctions - New Atlas
Preview: The 2020 Las Vegas Motorcycle Auctions  New Atlas

Milestone Auctions to host all-encompassing Jan. 24-25 Historic Militaria, Weapons & Firearms auction - ArtfixDaily
Milestone Auctions to host all-encompassing Jan. 24-25 Historic Militaria, Weapons & Firearms auction  ArtfixDaily

Jeter High School Scouting Report, Debut Jersey Ready for Auction - Sports Collectors Daily
Jeter High School Scouting Report, Debut Jersey Ready for Auction  Sports Collectors Daily

Lyle Area Cancer celebrates 41st auction and milestone - KTTC
Lyle Area Cancer celebrates 41st auction and milestone  KTTC

Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction - Hyperallergic
Sotheby's Auctions Impressionist Paintings Recovered From Nazi Looting; Watercolors by JFK Also Go to Auction  Hyperallergic

Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires - Hollywood Reporter
Phoebe Waller-Bridge Auctions Golden Globes Tuxedo on Ebay to Aid Australia Fires  Hollywood Reporter

‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record - The New York Times
‘Mona Lisa of Mustangs,’ Raced in ‘Bullitt,’ Sets Auction Record  The New York Times

3 Ways to Navigate First-Price Auction Adoption - Adweek
3 Ways to Navigate First-Price Auction Adoption  Adweek

Bayshore Mall food court auction results in about $30K in sales - WDJT
Bayshore Mall food court auction results in about $30K in sales  WDJT

Sarasota Amish community auctions quilts to raise money for Haiti - Sarasota Herald-Tribune
Sarasota Amish community auctions quilts to raise money for Haiti  Sarasota Herald-Tribune

NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum - The Block Crypto
NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum  The Block Crypto

Philly refinery auction said to attract Chicago developer that rehabs industrial properties - The Philadelphia Inquirer
Philly refinery auction said to attract Chicago developer that rehabs industrial properties  The Philadelphia Inquirer

Paintings Made by JFK Among a Memorabilia Auction Asking $1.5 Million - Observer
Paintings Made by JFK Among a Memorabilia Auction Asking $1.5 Million  Observer

Iowa weekly cattle auction results | Markets - High Plains Journal
Iowa weekly cattle auction results | Markets  High Plains Journal

Gypsy Sally's Auctions Off Vintage Van, Memorabilia, And Tons Of Music Equipment - DCist
Gypsy Sally's Auctions Off Vintage Van, Memorabilia, And Tons Of Music Equipment  DCist

Vintage MBTA trolleys up for auction - The Boston Globe
Vintage MBTA trolleys up for auction  The Boston Globe

Mid-Michigan VFW Post 3087 closing its doors, holding public auction to clear building - ABC 12 News
Mid-Michigan VFW Post 3087 closing its doors, holding public auction to clear building  ABC 12 News

India's Online B2B Marketplace Beldara Grows - pymnts.com
India's Online B2B Marketplace Beldara Grows  pymnts.com

RPT-Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction - Reuters
RPT-Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction  Reuters

Amish Acres auction drawing nationwide interest | News - Goshen News
Amish Acres auction drawing nationwide interest | News  Goshen News

Hundreds grab piece of history during closing auction at popular entertainment complex - WPXI Pittsburgh
Hundreds grab piece of history during closing auction at popular entertainment complex  WPXI Pittsburgh

Nebraska Christian schedules annual dinner, benefit auction - Grand Island Independent
Nebraska Christian schedules annual dinner, benefit auction  Grand Island Independent

Valley auction of model trains brings in $38K - Youngstown Vindicator
Valley auction of model trains brings in $38K  Youngstown Vindicator

The weird, wacky, colorful and just plain rad of Barrett-Jackson Scottsdale - Autoblog 日本版
The weird, wacky, colorful and just plain rad of Barrett-Jackson Scottsdale  Autoblog 日本版

A Ferris Bueller replica Ferrari is headed to auction this week - Autoblog 日本版
A Ferris Bueller replica Ferrari is headed to auction this week  Autoblog 日本版

Amish community in Florida auctions quilts, raises $300K for Haiti relief - WSB Atlanta
Amish community in Florida auctions quilts, raises $300K for Haiti relief  WSB Atlanta

Elaborate collection of JFK memorabilia hits auction block with $1.5 million starting price - USA TODAY
Elaborate collection of JFK memorabilia hits auction block with $1.5 million starting price  USA TODAY

Copart: Online Damaged-Vehicle Auction Site Has A Long Growth Runway - Seeking Alpha
Copart: Online Damaged-Vehicle Auction Site Has A Long Growth Runway  Seeking Alpha

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mmWave auction poised to resume, on path to $6B  FierceWireless

How to Buy a House at Auction - Motley Fool
How to Buy a House at Auction  Motley Fool

Items from closed Perrysburg Max & Erma's location going up for auction - 13abc Action News
Items from closed Perrysburg Max & Erma's location going up for auction  13abc Action News

Hidalgo County hosting surplus auction on vehicles, equipment this weekend - KGBT-TV
Hidalgo County hosting surplus auction on vehicles, equipment this weekend  KGBT-TV

U.S. Government Sets Record for Debt Auctions - Wall Street Journal
U.S. Government Sets Record for Debt Auctions  Wall Street Journal

Selected Western livestock auctions | Livestock Auctions - Capital Press
Selected Western livestock auctions | Livestock Auctions  Capital Press

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U.S. millimeter wave auction reaches more than $7B  FierceWireless

Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit - The National Law Review
Heritage Charity Auction Settles with EEOC in Employment Discrimination Suit  The National Law Review

Black Swamp Ice Frogs hold spaghetti dinner, silent auction - Sentinel-Tribune
Black Swamp Ice Frogs hold spaghetti dinner, silent auction  Sentinel-Tribune

'We Have It All': A Night At The Auction House - Vermont Public Radio
'We Have It All': A Night At The Auction House  Vermont Public Radio

THORNHILL AUCTION SERVICE - Ad from 2020-01-19 | Other - STLtoday.com
THORNHILL AUCTION SERVICE - Ad from 2020-01-19 | Other  STLtoday.com

Changing L.A. retail scene: Active Ride Shop up for auction, Opening Ceremony to close stores - Los Angeles Times
Changing L.A. retail scene: Active Ride Shop up for auction, Opening Ceremony to close stores  Los Angeles Times

Auction Fever on the Rise - Numismatic News
Auction Fever on the Rise  Numismatic News

Fire-damaged Philadelphia oil refinery heads for auction - Reuters
Fire-damaged Philadelphia oil refinery heads for auction  Reuters

01/08/2020 | Beach Stands Auctions Bring Revenue Increase To OC | News Ocean City MD - The Dispatch
01/08/2020 | Beach Stands Auctions Bring Revenue Increase To OC | News Ocean City MD  The Dispatch

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You can live in Aaron Rodgers' neighborhood, if you've got a few million bucks to bid on this chateau  Green Bay Press Gazette

Owner's plea to help save 'The Farm' from auction block next week - FOX19
Owner's plea to help save 'The Farm' from auction block next week  FOX19

Will Online Auctions Mean the Demise of Christie’s or Sotheby’s? - Robb Report
Will Online Auctions Mean the Demise of Christie’s or Sotheby’s?  Robb Report

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See what Barrett-Jackson 2020 auction has in store with its largest docket ever  Phoenix Business Journal

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Less then 48 hours from now - Genazym's Spectacular New Auction! Browse the Historic First Editions And Manuscripts!  Yeshiva World News

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Extensive post-war model train collection up for auction in North Lima  WKBN.com

Join Our Lady of Mercy Community Outreach at its 23rd annual Love Your Neighbor Auction - WCBD News 2
Join Our Lady of Mercy Community Outreach at its 23rd annual Love Your Neighbor Auction  WCBD News 2

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Steve McQueen's long-lost 'Bullitt' Ford Mustang sold at auction for $3.4 million  Fox News

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Nearly 100 Valley homes saved from auction after Republic story spurs action  AZCentral

Best Bets: 41st Lyle Area Cancer Auction this weekend - Austin Daily Herald - Austin Herald
Best Bets: 41st Lyle Area Cancer Auction this weekend - Austin Daily Herald  Austin Herald

Tech mogul Manny Medina will soon auction his Gables home - without a reserve - Miami Herald
Tech mogul Manny Medina will soon auction his Gables home - without a reserve  Miami Herald

10 Amazingly Extra Things We All Need From The Mario Buatta Auction - Guestofaguest.com
10 Amazingly Extra Things We All Need From The Mario Buatta Auction  Guestofaguest.com

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Leake Auctions brings inaugural collector car auction to Scottsdale  AZ Big Media

Seeing Eye: Newcomers group sets luncheon, auction for year's charity - Youngstown Vindicator
Seeing Eye: Newcomers group sets luncheon, auction for year's charity  Youngstown Vindicator

Latest European Onshore Wind Auctions Prove Technologies’ Importance - CleanTechnica
Latest European Onshore Wind Auctions Prove Technologies’ Importance  CleanTechnica

Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction - The New York Times
Mustang From Famed ‘Bullitt’ Car Chase Heads to Auction  The New York Times

Galatoire Foundation Announces Annual Mardi Gras Auction to Benefit Local Nonprofits - My New Orleans
Galatoire Foundation Announces Annual Mardi Gras Auction to Benefit Local Nonprofits  My New Orleans

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Missed the Scottsdale Auctions? This 1962 Ferrari Is Available Online for a Cool $445,000  Yahoo Lifestyle

Rare 1970 Nissan Fairlady Z432R Sells at Auction - Exotic Car List
Rare 1970 Nissan Fairlady Z432R Sells at Auction  Exotic Car List

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Slideshow: Despite Snowy Weather, Donors Contribute at Project León Auction  Gettysburg Connection

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NBA team introduces Ethereum-based auction platform for $5.4 billion sports memorabilia industry  CryptoSlate

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Bluefin Tuna Sells For $1.8 Million at Auction in Tokyo  InsideHook

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Perrysburg's Max and Erma's to auction everything off from decor to kitchen appliances  WTOL

Former Tunkhannock elementary schools hit the auction block - Wilkes-Barre Citizens Voice
Former Tunkhannock elementary schools hit the auction block  Wilkes-Barre Citizens Voice

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DuckDuckGo still critical of Google’s EU Android choice screen auction, after wining a universal slot  TechCrunch

Seattle woman raising money for Australian wildfire relief through unique online auction - KING5.com
Seattle woman raising money for Australian wildfire relief through unique online auction  KING5.com

Private-Equity-Backed Venture Wins Auction for Bankrupt Alta Mesa - Wall Street Journal
Private-Equity-Backed Venture Wins Auction for Bankrupt Alta Mesa  Wall Street Journal

San Marcos staple, Centerpoint Station, will reopen to auction off what’s inside - KXAN.com
San Marcos staple, Centerpoint Station, will reopen to auction off what’s inside  KXAN.com

On the Eve of a Mario Buatta Auction, Sotheby’s Prepares an Exhibition to Remember - Architectural Digest
On the Eve of a Mario Buatta Auction, Sotheby’s Prepares an Exhibition to Remember  Architectural Digest

Chinatown mixed-use building heads to bankruptcy auction - The Real Deal
Chinatown mixed-use building heads to bankruptcy auction  The Real Deal

Memorial mansion once listed for $7M sells at auction - Chron
Memorial mansion once listed for $7M sells at auction  Chron

One-owner Lamborghini Countach 25th Anniversary Edition heads to auction - Motor Authority
One-owner Lamborghini Countach 25th Anniversary Edition heads to auction  Motor Authority

Popular auction set for New Year's Day - News - Wilkes-Barre Citizens Voice
Popular auction set for New Year's Day - News  Wilkes-Barre Citizens Voice

K-Pop's BTS scores another first as tour microphones head to auction - Reuters
K-Pop's BTS scores another first as tour microphones head to auction  Reuters

South Shore Arts to benefit from special auction of items from late Region writer's estate - nwitimes.com
South Shore Arts to benefit from special auction of items from late Region writer's estate  nwitimes.com

Shakespeare's First Folio to be sold at auction in New York in April - Reuters
Shakespeare's First Folio to be sold at auction in New York in April  Reuters

Steve McQueen’s Bullitt Could Be the Most Expensive Mustang Ever Sold at Auction - TheStreet
Steve McQueen’s Bullitt Could Be the Most Expensive Mustang Ever Sold at Auction  TheStreet

Germany's RAG joins consortium in Thyssenkrupp elevator auction: sources - Reuters
Germany's RAG joins consortium in Thyssenkrupp elevator auction: sources  Reuters

Auction raises funds for HF symphonic and jazz band trip - The Homewood-Flossmoor Chronicle
Auction raises funds for HF symphonic and jazz band trip  The Homewood-Flossmoor Chronicle

Matchbox toy car collection brings nearly $400K at auctions - Motor Authority
Matchbox toy car collection brings nearly $400K at auctions  Motor Authority

Hancock County Land Set for Auction - Inside INdiana Business
Hancock County Land Set for Auction  Inside INdiana Business

Closed Tunkhannock Schools Sold at Auction - WNEP Scranton/Wilkes-Barre
Closed Tunkhannock Schools Sold at Auction  WNEP Scranton/Wilkes-Barre

Massive Art Trove From Macklowe Divorce Edges Closer to Auction - Bloomberg
Massive Art Trove From Macklowe Divorce Edges Closer to Auction  Bloomberg

IRS seizes The Farm, will put it up for auction - WXIX
IRS seizes The Farm, will put it up for auction  WXIX

Portugal pushes back solar auction to March - pv magazine International
Portugal pushes back solar auction to March  pv magazine International

Lee Iacocca's very first Dodge Viper sold for $285,500 at auction - Fox Business
Lee Iacocca's very first Dodge Viper sold for $285,500 at auction  Fox Business

Barrett-Jackson: Here's what 10 cool cars, trucks and even a motorbike sold for Monday in Scottsdale - AZCentral
Barrett-Jackson: Here's what 10 cool cars, trucks and even a motorbike sold for Monday in Scottsdale  AZCentral

 

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