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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
After Durgin-Park closed on Jan. 12, one of the most common refrains uttered among locals seemed to be, “I wish I had gone.” The 192-year-old restaurant was ...
What: Estates and Collections Sale. Where: Clearmont Auctions; PO Box 40403 Brooklyn, NY 11204, United States. When: February 27; 02.00 pm GMT. Top lots ...
BidX1, a UK-based digital auction house which has now launched in South Africa and is set to disrupt the local, traditional property auction space.
A mint condition original copy of Super Mario Bros. for the NES has sold for a whopping $100150 at an auction, making it one of the most expensive games ever ...
In the competitive world of luxury real estate, Concierge Auctions is the dominant force in the rapidly growing business of selling pricey properties to the highest ...
More than 460 items were up for auction Saturday at the now closed Mardi Gras Multi Club. Many people came to spend money, while others just wanted to walk ...
Local auctioneer David Hall, who ran two local consignment companies, has been hit with another lawsuit regarding the operation of his National Book Auctions ...
The market displays \'renewed vigour\' as young buyers and upsizing families take advantage of declining investor numbers.
With another round of January auctions behind us, we can now get a better look at how collector cars are selling and marvel at the prices they command.
What: Ornithology, Zoology & Voyages. Where: Chiswick Auctions, 1 Colville Road, London, United Kingdom. When: 27 February, 11.00 AM GMT. Top lots of the ...
What: Antiquities Sale - Day 1. Where: TimeLine Auctions Ltd.; 23-24 Berkeley Square, London, W1J 6HE, United Kingdom. When: February 26; 09.00 am GMT.
Those in need of a car were able to get some great deals early Saturday morning.
America's first gold rush took place in the Piedmont area of North Carolina and Georgia in the 1820s and '30s. The expanding economy of the region.
WHAT: Traditionally, major New York auction houses open each new year with sales of important Americana. In five such auctions last month Sotheby's realized ...
The Federal Emergency Management Agency is selling thousands of surplus trailer homes that were shipped to and stored at a Central Texas airport and bids ...
... ** Indicates an auction ad appearing in this issue of the Wisconsin State Farmer. FRIDAY, FEBRUARY 15. Coleman, WI. 12:00 NOON. Manitowoc Herd ...
The Annual Valley Center 4-H Club Pie Auction raised just over $9000 Tuesday night. The auction raises money for the Alan Armstrong Memorial Scholarship.
There's a brand new place in Port Richey called Ballpark Auctions.
If a tractor is around the 10 year old mark, in good condition, with reasonable to low hours, they continue to sell very well at auction. More proof of the blue variety ...
LEXINGTON, Ky. (LEX 18) — More than 400 pieces of real Kentucky history are on the auction block in Lexington, and they have a connection to President ...
Sydney's auction clearance rate hit a nine-month high and Melbourne's also picked up on the weekend buoyed by hopes of an interest rate cut and relief that ...
Jenny Holzer's Artwork, “Truisms: All things are delicately interconnected...” will be offered at Phillips' upcoming auction, “New Now” that will be held on ...
The first 5G airwave license auction ended with the Federal Communications Commission receiving total winning bids of $702 million.
When Virginia Senator Monty Mason '89 (D-Williamsburg) was an undergraduate at the College of William and Mary, his fraternity — Pi Lambda Phi ...
Mexico's renewables sector is reeling from the cancellation of an upcoming clean energy auction and the likely handing of power back to state entities.
Stunning Coin a Historic Trophy of American Numismatics Legend Rare Coin Auctions is honored to have been consigned and is proud to offer one of the.
There's a new world record for a classic video game.
GRANGEVILLE — A prairie-area beef school will be held Feb. 26 at the Cottonwood Livestock Auction house along U.S. Highway 95 near Cottonwood.
SANDPOINT — During the Idaho Education Association's annual Delegate Assembly, hundreds of educators from across the state hold an auction to raise ...
A whiteout today (February 16, 2019) at the George & Curtis Overcash estate and Larry Overcash farm auction in Canton, IL. Nope, I'm not talking whiteout as in ...
The sales of rare Scotch whisky at auction in 2018 broke records, and whisky outperformed wine, gold, and crude oil as an investment class.
Every auction is different, of course, but Scott White says it wasn't so surprising to see owners go aggressively after starting pitching in this one.
Sunday is the last day of the Barrett-Jackson auction and will feature the last round of high-powered collector cars.
The annual Retromobile week extravaganza is one of western Europe's most attended classic car events, even in the dead of winter, and every year this event ...
While 2018 was a volatile year for Wall Street, it was a winning year for wine auctions. Bidders paid record prices for a host of rarities ranging from Domaine de ...
BOSTON (CBS) – Somehow, didn't you think that Durgin Park would be around forever? After all, it's been serving food in Quincy Market since 1827. Actually ...
Marilyn Monroe and Joe DiMaggio's marriage only lasted 9 months, but their honeymoon memories live on.
LEWISBURG — Saturday's public auction at the soon-to-be-demolished McDonald's wasn't quite of the everything-must-go variety.
The 2018 Hambletonian winner was purchased back Thursday through ongait.com with a winning bid of $1.55 million by Michelle Crawford, Howard Taylor and ...
Mario Klingemann's “Memories of Passersby I” generates portraits using neural networks. But that's not what makes it art.
What: International Arts & Antique Auction. Where: Veilinghuis de Jager, Ringbaan West 2b, Goes, 4461ED, Netherlands. When: February 27, 09.00 AM GMT.
Christie's is auctioning off a heart-shaped meteorite that crashed into Siberia's Sikhote-Alin mountains on Valentine's Day.
Arizona's collection of classic car auctions sold $251 million worth of cars during the past week, a total up about 1.2 percent increase from the previous year.
ST. LOUIS COUNTY – More than 90 properties were featured at the tax forfeited land auction at the Shriner's center in Hermantown. These auctions happen ...
Three-time Formula One Champion Ayrton Senna continued to smash records 25 years after his death at Retromobile last weekend, setting new auction price ...
NEW DELHI: Auctions for commercial coal mining may not take place soon as the country is entering the election mode, said a senior government official.
Edvard Munch's painting “Kyss IV” will be offered at Swann Auction Galleries' upcoming auction “19th & 20th Century Prints & Drawings Featuring Property from ...
SAN JOSE — Quora continues to rapidly build out features and capabilities of its not-yet-two-year old advertising platform. The question and answer platform ...
A 1999 PGA Championship flag autographed by Tiger Woods is one of the rare collectibles that is part of the PGA REACH Collection, which will be unveiled for ...
Mary Weatherford's Unique Artwork, “Truxtun,” will be offered at Phillips' upcoming auction, “New Now” that will be held on February 27, 2019, in New York.
A lock of hair from founding father George Washington is set to go up for auction next month and experts believe it could fetch a pretty penny.
David Gilmour's 1969 Black Fender Stratocaster has earned its place in rock'n'roll history. Known as 'The Black Strat', the guitar was purchased in 1970 at ...
A German auction house has been forced to pull several paintings attributed to Adolf Hitler just days before they were due to be put up for sale.
Zacks Investment Research upgraded shares of KAR Auction Services (NYSE:KAR) from a sell rating to a hold rating in a research report released on Saturday.
Julian Edelman's beard is no more but the trimmings will have a second life, of sorts.
Hope Livestock Auction weighted average report for Thursday, February 14:
Alberto Magnelli's painting “Apertura di piani + cestello” will be featured at Bonhams' upcoming auction “Impressionist And Modern Art,” which will be held on ...
Art from the Red Bank, Skerries and a boudoir grand piano.
The Taste of Salado will feature fine food from 10 Salado-area restaurants as well as a live auction with Bobby Whitson offering original art from Salado artists, ...
Classics from the 1990s are in strong supply at the 2019 RM Sotheby's Amelia Island auction. Here are nine of our favorites from this year's sale.
Everything must go, and go it will, when auctioning begins Saturday at the closed–down Mardi Gras nightclub in Cranston.
Wayne County Treasurer Eric Sabree embraced two separate county reviews of his family's property purchases from his office's tax auction, he said in a ...
Five paintings believed to be created by Adolf Hitler failed to sell at a German auction amid public outrage and accusations of forgery over the weekend.
Several high-dollar residential real estate properties in the Valley went under the gavel late last week, including a property that once was on the market for $35 ...
Contracts and personal documents of some of baseball's greatest players are up for auction this month in New Hampshire.
It was a quiet weekend in the Brisbane auction market, with only 54 scheduled auctions and a reported clearance rate of 38 per cent. Despite this, a grand ...
Georgia Tech women's basketball will host its annual Pink Game this Sunday, Feb. 17.
The Out of The Ordinary auction boasted some of the weirdest objects from around the world.
Fans of the historic Durgin-Park restaurant now have the opportunity to bid on memorabilia online. Beginning Feb. 13 and lasting a week, everything from ...
“A Mini-archive with six printed postcards of Bragaglia's iconic photographs from 1911-13” by Anton Giulio Bragaglia will be offered at Swann Auction Galleries' ...
Lincolnshire Prairie View School District 103 issued the following announcement on Feb. 11. The D103 Music Boosters has opened its online auction with many ...
SAGINAW, Mich. -- Three weeks after being shot in the face while conducting a traffic stop, Saginaw Township officer Jeff Koenig is home recovering. However ...
If there's one annoying automotive enthusiast tic that needs to stop, it's all the fussing and hum-hawing over auction results. Every time there's a nearly perfect ...
Mantua – Last Saturday, folks joined their neighbors at the third annual art auction to help raise funds for a community center at the Mantua Center School.
Plus, the New Orleans Museum of Art acquires 26 new works for its sculpture garden, and an Ebony G. Patterson tapestry joins the Pérez Museum of Art Miami ...
Intel and AMD have both been exploring just what kind of high-end chips the consumer market will bear in recent years, with high-profile updates and ...
The infamous black Ferrari F40 crashed long ago and then put back together by Gas Monkey Garage has just sold again—though this time it traded hands at a ...
Owner Brad Grant said the four majority owners of Atlanta are united in selling the star trotter on OnGait.com in the hopes of retaining her without her troubled ...
Artsy presents Houston Center for Photography: Benefit Auction 2019. Houston Center for Photography's annual print auction provides the essential support for ...
Nothing beats that new car smell. Even when it's 32 years old. Somehow, there's a 1987 Buick GNX up for auction on Bring A Trailer with just 8.5 miles on the ...
AT A DVLA number plate auction this week hundreds have registrations have been sold with some picking ups in excess of £25000.
One of Arizona's priciest homes — a 31000-square-foot Paradise Valley mansion listed for $35 million — drew a top bid of $14 million on Jan. 31.
Run-out, but triumphant Melbourne Renegades cricket captain Aaron Finch, had a big weekend leading his victorious first time Big Bash champion team.
Van Gogh's Famous Etching, “Homme a la Pipe: Portrait du Docteur Gachet” will be offered at Swann Auction Galleries' upcoming sale, “19th & 20th Century ...
What: Paradigms and the Unexpected. Where: Sheppard's Irish Auction House, The Square, Durrow, Co. Laois, R32 FN88, Ireland. When: February 26, 10.15 ...
New England Patriots star wide receiver Julian Edelman's shaved beard is reportedly up for auction following his big game in Super Bowl 53.
Before he set out to build a Nazi empire and exterminate Europe's Jews, Adolf Hitler toiled as an artist on the streets of Vienna, supporting himself by selling ...
So you've got an item to sell, or some 2K19 Virtual Currency to spend but can't get into the marketplace. First, you'll need to head to your MyTeam page on the ...
The 32000-square-foot Stanford White masterpiece at 130 Bowery could fetch upward of $50 million.
Artcurial Motorcars completed its three-day Retromobile auction in Paris on Sunday, reporting total sales of $47804169, a 31 percent boost compared with the ...
Plans to replace the iconic Pensacola Beach sailfish sign with a new LED version have been delayed while the county readies for an auction of the old sign.
Clark County will hold its first government auction of the year on Saturday, March 2.
Read Mexico cancels clean energy auction - updated and other wind energy news & analysis on Windpower Monthly.
For collectors looking to acquire some classic Stargate memorabilia, VIP Fan Auctions has a major event on the horizon. On February 15 the auction house will ...
The city is auctioning off a bunch of items from the old police headquarters after the department moved to the new HQ late last year.
Sotheby's New York announced today that its Contemporary Art Evening auction this May will feature an important work from the collection of the San Francisco ...
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