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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


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Wed. December / 11 / 2019

Rare Whiskey Collection Expected to Fetch $10 Million at Auction - The New York Times
  1. Rare Whiskey Collection Expected to Fetch $10 Million at Auction  The New York Times
  2. The Largest Private Whisky Collection To Go Up For Auction Could Be Worth $10 Million  Forbes
  3. 'World's largest' Scotch whisky collection could fetch $10.5 million at auction  CNN
  4. World's Largest Private Collection of Whisky Could Fetch £8 Million at Auction  Barron's
  5. Coloradan's whiskey collection with over 3900 bottles heads to auction  9News.com KUSA
  6. View full coverage on Google News

Auction calendar: December 13, 2019 - Wisconsin State Farmer
Auction calendar: December 13, 2019  Wisconsin State Farmer

TCA Stallion Season Auction Set for January - BloodHorse.com
TCA Stallion Season Auction Set for January  BloodHorse.com

Industry: Irish solar needs feed-in tariffs and more auctions - PV-Tech
Industry: Irish solar needs feed-in tariffs and more auctions  PV-Tech

Office building on 280 corridor set for auction - Birmingham Business Journal
Office building on 280 corridor set for auction  Birmingham Business Journal

Jack Nicklaus' gold Rolex watch sells for $1 million at auction - CNBC
Jack Nicklaus' gold Rolex watch sells for $1 million at auction  CNBC

FCC's Next 5G Spectrum Auction is Underway - Telecompetitor
FCC's Next 5G Spectrum Auction is Underway  Telecompetitor

Big Oil's Wishlist The Hottest Oil Auctions In 2020 - OilPrice.com
Big Oil's Wishlist The Hottest Oil Auctions In 2020  OilPrice.com

PODCAST: Doug Hadden of ACV Auctions - Auto Remarketing
PODCAST: Doug Hadden of ACV Auctions  Auto Remarketing

Auction 103 concludes second round with $715M in bids - FierceWireless
Auction 103 concludes second round with $715M in bids  FierceWireless

Christie’s Isn’t Worried Political Unrest Will Affect Its New Hong Kong Auction - Observer
Christie’s Isn’t Worried Political Unrest Will Affect Its New Hong Kong Auction  Observer

History up for sale at Limpert Bros. liquidation auction set for Saturday - The Daily Journal
History up for sale at Limpert Bros. liquidation auction set for Saturday  The Daily Journal

Saudi Aramco Shares Climb 10% in Pre-Market Auction - Bloomberg
Saudi Aramco Shares Climb 10% in Pre-Market Auction  Bloomberg

Bid on unique experiences for fans of every team - MLB.com
Bid on unique experiences for fans of every team  MLB.com

Matsu Sushi closes, auction canceled - Westport News
Matsu Sushi closes, auction canceled  Westport News

Kalamazoo’s old candy cane decorations fetch thousands at auction - mlive.com
Kalamazoo’s old candy cane decorations fetch thousands at auction  mlive.com

Princess Diana's Famous 'John Travolta Dress' Fails to Sell at Auction - PEOPLE.com
Princess Diana's Famous 'John Travolta Dress' Fails to Sell at Auction  PEOPLE.com

Westminster annexing former Livestock Auction, site planned for 40 workforce housing units - Baltimore Sun
Westminster annexing former Livestock Auction, site planned for 40 workforce housing units  Baltimore Sun

Phillips’ New York Game Changers Auction Sets Records With Over $20 Million in Sales - Barron's
Phillips’ New York Game Changers Auction Sets Records With Over $20 Million in Sales  Barron's

For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal. - The New York Times
For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal.  The New York Times

Sicilian Homes Went Up for Auction Starting at €1. More Than 100000 People Called. - The Wall Street Journal
Sicilian Homes Went Up for Auction Starting at €1. More Than 100000 People Called.  The Wall Street Journal

Christie’s Will Launch a New Hong Kong Auction to Coincide With Art Basel, Undeterred by Ongoing Protests - artnet News
Christie’s Will Launch a New Hong Kong Auction to Coincide With Art Basel, Undeterred by Ongoing Protests  artnet News

Mapleton Daze On-Line Silent Auction ends Dec. 12 - The County
Mapleton Daze On-Line Silent Auction ends Dec. 12  The County

From cancelled fairs to street art's auction room takeover: the art market's fruitiest stories of 2019 - Art Newspaper
From cancelled fairs to street art's auction room takeover: the art market's fruitiest stories of 2019  Art Newspaper

Hollywood Artifacts Take Center Stage at Julien’s Auctions - Barron's
Hollywood Artifacts Take Center Stage at Julien’s Auctions  Barron's

Buyer returns Grease jacket to Olivia Newton-John after auction - BBC News
Buyer returns Grease jacket to Olivia Newton-John after auction  BBC News

Sea Save Foundation's Annual Auction Ends December 19th - PRNewswire
Sea Save Foundation's Annual Auction Ends December 19th  PRNewswire

Bulletin board auction is just heating up | News, Sports, Jobs - The Daily Times
Bulletin board auction is just heating up | News, Sports, Jobs  The Daily Times

US wine buyers turn to auctions to dodge Trump tariffs - Financial Times
US wine buyers turn to auctions to dodge Trump tariffs  Financial Times

Royal Treasures from Queen Elizabeth's Aunt and Uncle Head to the Auction Block - TownandCountrymag.com
Royal Treasures from Queen Elizabeth's Aunt and Uncle Head to the Auction Block  TownandCountrymag.com

FCC's Latest 5G Spectrum Auction Gets Underway - Multichannel News
FCC's Latest 5G Spectrum Auction Gets Underway  Multichannel News

Jack Nicklaus' Rolex Sells for $1.22 Million at Auction - InsideHook
Jack Nicklaus' Rolex Sells for $1.22 Million at Auction  InsideHook

Massive Scotch whisky collection could fetch $10.5 million at auction - ABC News
Massive Scotch whisky collection could fetch $10.5 million at auction  ABC News

Christmas auction to aid vets, tots - Rome Sentinel
Christmas auction to aid vets, tots  Rome Sentinel

Rocky start for inaugural hemp auction, but more events are planned Hemp biomass auction off to a rocky start with more events soon - Hemp Industry Daily
Rocky start for inaugural hemp auction, but more events are planned Hemp biomass auction off to a rocky start with more events soon  Hemp Industry Daily

NORPAC auction ‘significantly’ bids up price - KOIN.com
NORPAC auction ‘significantly’ bids up price  KOIN.com

John Hendrix's Hex LLC Wins Auction for Furie - Wall Street Journal
John Hendrix's Hex LLC Wins Auction for Furie  Wall Street Journal

Fall Art Auctions See Significant Declines - The New York Times
Fall Art Auctions See Significant Declines  The New York Times

DNR to auction public land in 'prime locations' throughout Michigan - MLive.com
DNR to auction public land in 'prime locations' throughout Michigan  MLive.com

Former Nike Employee Of Over 30 Years Lists A Major Haul Of Rare Samples on eBay - Sneaker News
Former Nike Employee Of Over 30 Years Lists A Major Haul Of Rare Samples on eBay  Sneaker News

Turkish Treasury borrows $976M through auctions - Anadolu Agency
Turkish Treasury borrows $976M through auctions  Anadolu Agency

Legend Rare Coin Regency Auction 35 - CoinWeek
Legend Rare Coin Regency Auction 35  CoinWeek

Rare art, collectibles up for auction in Detroit - Crain's Detroit Business
Rare art, collectibles up for auction in Detroit  Crain's Detroit Business

This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory - Forbes
This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory  Forbes

Jack Johnson is an all star....At stocking the Penguins’ holiday auction basket - PensBurgh
Jack Johnson is an all star....At stocking the Penguins’ holiday auction basket  PensBurgh

NOAA: Rafaels misreported fish disappeared at Whaling City auction - SouthCoastToday.com
NOAA: Rafaels misreported fish disappeared at Whaling City auction  SouthCoastToday.com

Pristine Copy Of First Marvel Comics Issue Auctions For $1.26 Million - DOGOnews
Pristine Copy Of First Marvel Comics Issue Auctions For $1.26 Million  DOGOnews

Auction prices for regional carbon dioxide allowances have increased since the 2017 low - EnerCom Inc.
Auction prices for regional carbon dioxide allowances have increased since the 2017 low  EnerCom Inc.

Looking For Property? DNR Public Land Auction Starts Tuesday - WWJ Newsradio 950
Looking For Property? DNR Public Land Auction Starts Tuesday  WWJ Newsradio 950

Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins - Philadelphia Business Journal
Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins  Philadelphia Business Journal

Gavel will drop one last time at Suess Auctions - PostBulletin.com
Gavel will drop one last time at Suess Auctions  PostBulletin.com

Oil companies swap stakes in Mexico as government holds off on auctions - Reuters
Oil companies swap stakes in Mexico as government holds off on auctions  Reuters

Silent auction held to benefit United Way | News, Sports, Jobs - Marquette Mining Journal
Silent auction held to benefit United Way | News, Sports, Jobs  Marquette Mining Journal

Many 1904 World's Fair items featured in auction Saturday - STLtoday.com
Many 1904 World's Fair items featured in auction Saturday  STLtoday.com

Treasury yields rise slightly as investors monitor US-China trade - CNBC
Treasury yields rise slightly as investors monitor US-China trade  CNBC

Michigan DNR to auction off 147 parcels of public land - Detroit Free Press
Michigan DNR to auction off 147 parcels of public land  Detroit Free Press

Mecum auto auction sells $9M in KC — here's a look at the 10 highest-priced vehicle sales - Kansas City Business Journal
Mecum auto auction sells $9M in KC — here's a look at the 10 highest-priced vehicle sales  Kansas City Business Journal

Iconic Princess Diana Dress Fails To Sell At Auction - The Inquisitr
Iconic Princess Diana Dress Fails To Sell At Auction  The Inquisitr

DNR public land auction to begin Tuesday 12/10 - WILX-TV
DNR public land auction to begin Tuesday 12/10  WILX-TV

Auction for 'world's fastest UPS truck' canceled after UPS shows title - Business Insider
Auction for 'world's fastest UPS truck' canceled after UPS shows title  Business Insider

DNR land in St. Clair County set for auction - The Times Herald
DNR land in St. Clair County set for auction  The Times Herald

Isle of Wight family sell Chinese censer for £62,500 at auction - Isle of Wight County Press
Isle of Wight family sell Chinese censer for £62,500 at auction  Isle of Wight County Press

From startup to $1.5B: ACV Auctions becomes Buffalo's first 'unicorn' - Buffalo News
From startup to $1.5B: ACV Auctions becomes Buffalo's first 'unicorn'  Buffalo News

GE in Salem auctions off equipment in wake of production shutdown - Roanoke Times
GE in Salem auctions off equipment in wake of production shutdown  Roanoke Times

WATCH: History up for auction at Vineland's Limpert Brothers - Vineland Daily Journal
WATCH: History up for auction at Vineland's Limpert Brothers  Vineland Daily Journal

Lima Noon Sertoma's annual Christmas Auction - Your News Now
Lima Noon Sertoma's annual Christmas Auction  Your News Now

Farmland Auctions: A Wild Day in Southeast South Dakota - Successful Farming
Farmland Auctions: A Wild Day in Southeast South Dakota  Successful Farming

Michigan to auction 150 parcels of public land - The Detroit News
Michigan to auction 150 parcels of public land  The Detroit News

Glinda's 'Wizard of Oz' Test Wand, Mitzi Gaynor’s Costumes Up for Auction - Hollywood Reporter
Glinda's 'Wizard of Oz' Test Wand, Mitzi Gaynor’s Costumes Up for Auction  Hollywood Reporter

Sanibel Island's 'Spider in the Sand' to go up for auction - Wink News
Sanibel Island's 'Spider in the Sand' to go up for auction  Wink News

SEVEN Concours, Powered by Silverstone Auctions, Brings the Riyadh Car Show Auction 2019 to Global Bidders via Proxibid - Associated Press
SEVEN Concours, Powered by Silverstone Auctions, Brings the Riyadh Car Show Auction 2019 to Global Bidders via Proxibid  Associated Press

Bilbo Baggins' pipe up for auction by Julien's Auctions - TheOneRing.net
Bilbo Baggins' pipe up for auction by Julien's Auctions  TheOneRing.net

Dismal year for collector car auctions or just a return of sanity? - The ClassicCars.com Journal
Dismal year for collector car auctions or just a return of sanity?  The ClassicCars.com Journal

3 Auctions Rule Digital Advertising. Here's A Guide To Navigating Them - AdExchanger
3 Auctions Rule Digital Advertising. Here's A Guide To Navigating Them  AdExchanger

Dec 15 | 2nd Annual Charity Gala & Silent Auction | Calabasas - Patch.com
Dec 15 | 2nd Annual Charity Gala & Silent Auction | Calabasas  Patch.com

Senate Commerce Committee OKs C-band auction bill - FierceWireless
Senate Commerce Committee OKs C-band auction bill  FierceWireless

County's auction of admin building unsuccessful, new auction held through Iron Horse - Richmond County Daily Journal
County's auction of admin building unsuccessful, new auction held through Iron Horse  Richmond County Daily Journal

Maxwell, Cummins, Morris part of second set at IPL auction | ESPNcricinfo.com - ESPNcricinfo
Maxwell, Cummins, Morris part of second set at IPL auction | ESPNcricinfo.com  ESPNcricinfo

Kimball Arts Hosts "Deck the Halls" Online Auction Through Dec. 23 - KPCW
Kimball Arts Hosts "Deck the Halls" Online Auction Through Dec. 23  KPCW

Hitler's top hat up for auction in Germany - Reuters
Hitler's top hat up for auction in Germany  Reuters

Shrewsbury nets almost $1M at tax delinquency auction - Worcester Telegram
Shrewsbury nets almost $1M at tax delinquency auction  Worcester Telegram

Former ACV Auctions employees files legal complaint against company - Buffalo Business First - Buffalo Business First
Former ACV Auctions employees files legal complaint against company - Buffalo Business First  Buffalo Business First

The First-Ever Marvel Comic Book Has Sold at Auction for $1.26 Million - Observer
The First-Ever Marvel Comic Book Has Sold at Auction for $1.26 Million  Observer

Contents of abandoned Arizona safe deposit boxes go up for auction - KTAR.com
Contents of abandoned Arizona safe deposit boxes go up for auction  KTAR.com

The Three Most Expensive Watches Ever Sold at Auction - Bloomberg
The Three Most Expensive Watches Ever Sold at Auction  Bloomberg

ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First - Buffalo Business First
ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First  Buffalo Business First

Record prices but dismal sell-through rates at Middle East auctions - The ClassicCars.com Journal
Record prices but dismal sell-through rates at Middle East auctions  The ClassicCars.com Journal

Should I buy a car at an auction? - Boston.com
Should I buy a car at an auction?  Boston.com

Gold bars, jewelry for auction of unclaimed safe deposit boxes - 12news.com KPNX
Gold bars, jewelry for auction of unclaimed safe deposit boxes  12news.com KPNX

Branson pianist donates keyboard for auction to benefit Salvation Army - KNWA
Branson pianist donates keyboard for auction to benefit Salvation Army  KNWA

Michigan DNR holds winter land auction - UpperMichigansSource.com
Michigan DNR holds winter land auction  UpperMichigansSource.com

Surplus public land in Michigan going on auction block - WILX-TV
Surplus public land in Michigan going on auction block  WILX-TV

Andrew Wyeth's work at auction in Hillsborough - WRAL.com
Andrew Wyeth's work at auction in Hillsborough  WRAL.com

Alex Rodriguez's Bat, Ball & Uniform From 600th HR Hits Auction Block - TMZ
Alex Rodriguez's Bat, Ball & Uniform From 600th HR Hits Auction Block  TMZ

Tamil Nadu village auctions panchayat seats to raise money for temple - India Today
Tamil Nadu village auctions panchayat seats to raise money for temple  India Today

IPL 2020 Auction: Three teams that might bid for Robin Uthappa - The Cricket Times
IPL 2020 Auction: Three teams that might bid for Robin Uthappa  The Cricket Times

Meghan Markle’s ‘Deal or No Deal’ Briefcase Is Up for Auction - Us Weekly
Meghan Markle’s ‘Deal or No Deal’ Briefcase Is Up for Auction  Us Weekly

Party Central: Galatoire's table auction, winter wonderland at the Elms - NOLA.com
Party Central: Galatoire's table auction, winter wonderland at the Elms  NOLA.com

Penguins Wives Association to Host Holiday Basket Auction - NHL.com
Penguins Wives Association to Host Holiday Basket Auction  NHL.com

Fire sale: Retired Martin County fire station, other properties up for auction next week. - TCPalm
Fire sale: Retired Martin County fire station, other properties up for auction next week.  TCPalm

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