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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 Thu. March / 23 / 2023

As Murdaugh estate auction nears, officials release new photos, give advice to potential bidders - WYFF4 Greenville
  1. As Murdaugh estate auction nears, officials release new photos, give advice to potential bidders  WYFF4 Greenville
  2. ‘This is just our job’: Family-owned auction house in Pembroke to auction items from Murdaugh estate  WTOC
  3. Pieces of Murdaugh estate go up for bid at Thursday auction  WLTX.com

35000 bikes to go to auction after distributor enters administration - CyclingWeekly
35000 bikes to go to auction after distributor enters administration  CyclingWeekly

Flatiron Building Sold At Auction To Surprise Bidder For $190M - Bisnow
Flatiron Building Sold At Auction To Surprise Bidder For $190M  Bisnow

Flatiron Building Goes For $190M at Auction - Commercial Observer
Flatiron Building Goes For $190M at Auction  Commercial Observer

Flatiron Building won at auction by outsider for $190M in bidding war - New York Post
Flatiron Building won at auction by outsider for $190M in bidding war  New York Post

Pharrell’s Joopiter Auction Site Just Launched Its Lorraine Schwartz Jewelry Sale. Here’s What’s on Offer. - Yahoo Life
Pharrell’s Joopiter Auction Site Just Launched Its Lorraine Schwartz Jewelry Sale. Here’s What’s on Offer.  Yahoo Life

Asia Week New York Returns With a Series of Auctions and Exhibitions - Barron's
Asia Week New York Returns With a Series of Auctions and Exhibitions  Barron's

One-of-a-kind 1955 Mercedes-Benz 300SL headed to auction - Autoblog
One-of-a-kind 1955 Mercedes-Benz 300SL headed to auction  Autoblog

Inside the auction house driving the rare-book craze in the Orthodox world - JTA News - Jewish Telegraphic Agency
Inside the auction house driving the rare-book craze in the Orthodox world  JTA News - Jewish Telegraphic Agency

Exif Picks: Mecum Glendale 2023 Auction - Bike EXIF
Exif Picks: Mecum Glendale 2023 Auction  Bike EXIF

1998 Subaru Impreza 22B STi Is Today's Bring a Trailer Auction Pick - Car and Driver
1998 Subaru Impreza 22B STi Is Today's Bring a Trailer Auction Pick  Car and Driver

Richmond Auction Sells Antique Orange Crush Sign for Record Breaking $189,750 - Yahoo Finance
Richmond Auction Sells Antique Orange Crush Sign for Record Breaking $189,750  Yahoo Finance

Richmond Auction Sells Antique Orange Crush Sign for Record ... - PR Newswire
Richmond Auction Sells Antique Orange Crush Sign for Record ...  PR Newswire

This antique sign sold for a record price in SC at auction. Here’s why - The State
This antique sign sold for a record price in SC at auction. Here’s why  The State

Antique sign sells for world-record price in South Carolina - WYFF4 Greenville
Antique sign sells for world-record price in South Carolina  WYFF4 Greenville

Elite Auctions Announces Famous Bell Mill Mansion on 32 Acres Set ... - PR Web
Elite Auctions Announces Famous Bell Mill Mansion on 32 Acres Set ...  PR Web

eBay Vessel Auctions are Binding, German Court Rules - The Maritime Executive
eBay Vessel Auctions are Binding, German Court Rules  The Maritime Executive

Action at auction - Hamilton County Reporter
Action at auction  Hamilton County Reporter

Abraham Trust Wins Flatiron Building Auction With $190M Bid - The Real Deal
Abraham Trust Wins Flatiron Building Auction With $190M Bid  The Real Deal

Auctions of mortgage covered bonds for the refinancing of FlexKort ... - GlobeNewswire
Auctions of mortgage covered bonds for the refinancing of FlexKort ...  GlobeNewswire

It's games, purses and auctions for Ladies Night Out - The Daily Jeffersonian
It's games, purses and auctions for Ladies Night Out  The Daily Jeffersonian

Richmond Auctions (PRNewsfoto/Richmond Auctions ... - Baker City Herald
Richmond Auctions (PRNewsfoto/Richmond Auctions ...  Baker City Herald

Former RadioShack CEO Auctions Fort Worth Mansion - The Real Deal
Former RadioShack CEO Auctions Fort Worth Mansion  The Real Deal

Leland Little Springs Forward With Signature Auction - Antiques and the Arts Online
Leland Little Springs Forward With Signature Auction  Antiques and the Arts Online

March 24, 2023: Auction Calendar - Wisconsin State Farmer
March 24, 2023: Auction Calendar  Wisconsin State Farmer

Pac 8's Spring On-Line Auction Fundraiser Has Begun - Los Alamos Reporter
Pac 8's Spring On-Line Auction Fundraiser Has Begun  Los Alamos Reporter

BLM to offer 1,064 acres for solar lease auction - Bureau of Land Management
BLM to offer 1,064 acres for solar lease auction  Bureau of Land Management

How the art market continues making millions – defying expectations - Style
How the art market continues making millions – defying expectations  Style

'This car will help hundreds of veterans,' Honor Flight Nevada auctions classic Porsche - KRNV
'This car will help hundreds of veterans,' Honor Flight Nevada auctions classic Porsche  KRNV

Spectrum auction tracker 4Q 2022 - GlobeNewswire
Spectrum auction tracker 4Q 2022  GlobeNewswire

Krehbiel private collection exceeds expectations at Hindman auctions - Crain's Chicago Business
Krehbiel private collection exceeds expectations at Hindman auctions  Crain's Chicago Business

March 7 - Results of First Cap-and-Invest Auction Announced - Washington State Department of Ecology
March 7 - Results of First Cap-and-Invest Auction Announced  Washington State Department of Ecology

Shop ‘Bundle Up Spring’ auction to benefit Navarino Nature Center - WeAreGreenBay.com
Shop ‘Bundle Up Spring’ auction to benefit Navarino Nature Center  WeAreGreenBay.com

Freedom Auction Company Hauls Sea Hagg Treasure - Antiques and the Arts Online
Freedom Auction Company Hauls Sea Hagg Treasure  Antiques and the Arts Online

10 most expensive Disneyland items in auction of nearly 900 theme park collectibles - The Press-Enterprise
10 most expensive Disneyland items in auction of nearly 900 theme park collectibles  The Press-Enterprise

NOVA Will Hold Annual Auction, Gala Next Month in Warrington - TAPinto.net
NOVA Will Hold Annual Auction, Gala Next Month in Warrington  TAPinto.net

Online Silent Auction Software Market Research Report 2023-2033 ... - Los Alamos Monitor
Online Silent Auction Software Market Research Report 2023-2033 ...  Los Alamos Monitor

AQ restaurant auctions off inventory - Arkansas Online
AQ restaurant auctions off inventory  Arkansas Online

2002 Chrysler 300M Special Is Our Bring a Trailer Auction Pick of ... - Car and Driver
2002 Chrysler 300M Special Is Our Bring a Trailer Auction Pick of ...  Car and Driver

eBay auctions turn up interesting Ohio State stuff - Land Grant Holy Land
eBay auctions turn up interesting Ohio State stuff  Land Grant Holy Land

A first-gen 2007 iPhone fetches $63,000 at auction - NPR
A first-gen 2007 iPhone fetches $63,000 at auction  NPR

Patek Philippe Sells for Record $5.8 Million at Auction - Bloomberg
Patek Philippe Sells for Record $5.8 Million at Auction  Bloomberg

Kiwanis bids for kids auction begins next week - WGEM
Kiwanis bids for kids auction begins next week  WGEM

Gear up for the Sotheby's auction starring eight pairs of the Off-white ... - Luxurylaunches
Gear up for the Sotheby's auction starring eight pairs of the Off-white ...  Luxurylaunches

Guarneri 'Baltic' Violin Auctions for $9.44 Million - The Violin Channel
Guarneri 'Baltic' Violin Auctions for $9.44 Million  The Violin Channel

Fashion's Future at Auction Houses | BoF - The Business of Fashion
Fashion's Future at Auction Houses | BoF  The Business of Fashion

Henderson elementary school hosts surplus auction - 14 News WFIE Evansville
Henderson elementary school hosts surplus auction  14 News WFIE Evansville

Mortgage bond auction - Totalkredit A/S - GlobeNewswire
Mortgage bond auction - Totalkredit A/S  GlobeNewswire

Theatre Tuscaloosa hosting auction event this week - wvua23.com
Theatre Tuscaloosa hosting auction event this week  wvua23.com

U.S. FDIC weighs backstop on bank auctions to attract smaller peers - Reuters
U.S. FDIC weighs backstop on bank auctions to attract smaller peers  Reuters

Auctions features cattle seized from Lincoln County property - News Channel Nebraska
Auctions features cattle seized from Lincoln County property  News Channel Nebraska

RodeoHouston's 2023 junior livestock auctions end with steer ... - The Business Journals
RodeoHouston's 2023 junior livestock auctions end with steer ...  The Business Journals

Great River Christian School announces annual hog roast and auction - Mississippi Valley Publishing
Great River Christian School announces annual hog roast and auction  Mississippi Valley Publishing

STORAGE AUCTIONS - Columbia Star
STORAGE AUCTIONS  Columbia Star

Allegany County online tax auction starts today - THE WELLSVILLE SUN
Allegany County online tax auction starts today  THE WELLSVILLE SUN

An $18 million Ferrari leads record classic-car auction at Amelia Island. See all 10 top sellers - CNBC
An $18 million Ferrari leads record classic-car auction at Amelia Island. See all 10 top sellers  CNBC

FCC's spectrum auction authority nears March expiration - Roll Call
FCC's spectrum auction authority nears March expiration  Roll Call

FCC spectrum auction authority lapses amid questions on military ... - Roll Call
FCC spectrum auction authority lapses amid questions on military ...  Roll Call

For first time, Bow coal-fired power plant's bids fail in regional power ... - New Hampshire Public Radio
For first time, Bow coal-fired power plant's bids fail in regional power ...  New Hampshire Public Radio

Pharrell’s Joopiter Launched Its Lorraine Schwartz Jewelry Auction—See What’s Included - Robb Report
Pharrell’s Joopiter Launched Its Lorraine Schwartz Jewelry Auction—See What’s Included  Robb Report

A Look Ahead at the March 2023 Auctions - Artsy
A Look Ahead at the March 2023 Auctions  Artsy

Monorail cabin, lost footage of Walt among Disney artifacts up for auction - KTLA Los Angeles
Monorail cabin, lost footage of Walt among Disney artifacts up for auction  KTLA Los Angeles

SVB's Big Bet on Troubled Private Bank Ends on the Auction Block - Bloomberg
SVB's Big Bet on Troubled Private Bank Ends on the Auction Block  Bloomberg

Greensburg Salem Mini-THON dance, auction to benefit pediatric ... - TribLIVE
Greensburg Salem Mini-THON dance, auction to benefit pediatric ...  TribLIVE

‘Everything Everywhere All at Once’ Props Fetch Thousands at Auction - The New York Times
‘Everything Everywhere All at Once’ Props Fetch Thousands at Auction  The New York Times

Topeka Zoo hosting Elite 8 watch party, memorabilia auction fundraiser - WIBW
Topeka Zoo hosting Elite 8 watch party, memorabilia auction fundraiser  WIBW

Kilgore FFA to host annual project show, auction - Kilgore News Herald
Kilgore FFA to host annual project show, auction  Kilgore News Herald

Auction helps unsheltered population express themselves through art - WZZM13.com
Auction helps unsheltered population express themselves through art  WZZM13.com

Dade Auctions expands sales force - Recycling Today
Dade Auctions expands sales force  Recycling Today

UPDATE – 1stDibs Corners The Market For “Mid-Market” Auctions - Yahoo Finance
UPDATE – 1stDibs Corners The Market For “Mid-Market” Auctions  Yahoo Finance

Detroit police vehicle auctions include cars, trucks, more in March -- See the schedule - FOX 2 Detroit
Detroit police vehicle auctions include cars, trucks, more in March -- See the schedule  FOX 2 Detroit

Adams Vows Review of Surplus Auctions Following THE CITY Exposé - THE CITY
Adams Vows Review of Surplus Auctions Following THE CITY Exposé  THE CITY

Habitat for Humanity to host dinner and auction Saturday night - The Daily World
Habitat for Humanity to host dinner and auction Saturday night  The Daily World

Michael Schumacher's Ferrari F2000 F1 race car heads to auction - Motor Authority
Michael Schumacher's Ferrari F2000 F1 race car heads to auction  Motor Authority

Twenty-Year Bond Auction Attracts Modestly Below Average Demand - Nasdaq
Twenty-Year Bond Auction Attracts Modestly Below Average Demand  Nasdaq

Soup cookoff, quarter auction Saturday in Warren Township - Times Reporter
Soup cookoff, quarter auction Saturday in Warren Township  Times Reporter

Award-Winning 1967 Chevy Corvette Headed To Arizona Auction - GM Authority
Award-Winning 1967 Chevy Corvette Headed To Arizona Auction  GM Authority

WA auctions off more 'old' forest in $2.8 million sale - The Seattle Times
WA auctions off more 'old' forest in $2.8 million sale  The Seattle Times

Chemung County tax foreclosure property auction starts next month - WETM - MyTwinTiers.com
Chemung County tax foreclosure property auction starts next month  WETM - MyTwinTiers.com

Savannah CASA hosting silent auction benefitting foster children - WSAV-TV
Savannah CASA hosting silent auction benefitting foster children  WSAV-TV

Kandinsky painting recovered by Holocaust victims' heirs sets auction record at nearly $45 million - CNN
Kandinsky painting recovered by Holocaust victims' heirs sets auction record at nearly $45 million  CNN

ZPD vehicle auction is Saturday - Zanesville Times Recorder
ZPD vehicle auction is Saturday  Zanesville Times Recorder

Feb. 28 - First Cap-and-Invest Auction - Washington State Department of Ecology
Feb. 28 - First Cap-and-Invest Auction  Washington State Department of Ecology

Anthem Blue Cross' Wallingford HQ building to hit auction block - CT Insider
Anthem Blue Cross' Wallingford HQ building to hit auction block  CT Insider

Going Once, Going Twice: How to Bid on a First-Class Seat - The New York Times
Going Once, Going Twice: How to Bid on a First-Class Seat  The New York Times

Silent Auction to help dogs, cats in need - Statesboro Herald
Silent Auction to help dogs, cats in need  Statesboro Herald

Rare 1953 Corvette will be on the block at Carlisle Auctions two-day sale on April 20-21 - WPMT FOX 43
Rare 1953 Corvette will be on the block at Carlisle Auctions two-day sale on April 20-21  WPMT FOX 43

Online tax auctions coming to Ellis - Waxahachie Daily Light
Online tax auctions coming to Ellis  Waxahachie Daily Light

Alpha House auction, barbecue coming on April 15 | Arts ... - Taft Midway Driller
Alpha House auction, barbecue coming on April 15 | Arts ...  Taft Midway Driller

Wilmington charter school to host fundraising auction for new bus - WECT
Wilmington charter school to host fundraising auction for new bus  WECT

How online buyers of luxury collectibles reshaped auctions in an ... - Art Newspaper
How online buyers of luxury collectibles reshaped auctions in an ...  Art Newspaper

Staking a claim: Annual unclaimed property auction draws bargain ... - Cronkite News
Staking a claim: Annual unclaimed property auction draws bargain ...  Cronkite News

Illegally placed signs advertising auction in Omaha confiscated - WOWT
Illegally placed signs advertising auction in Omaha confiscated  WOWT

Go Red for Women returning with auction, luncheon - WSAV-TV
Go Red for Women returning with auction, luncheon  WSAV-TV

Reliance Re-Auctions Gas In Line With New Government Rules - BQ Prime
Reliance Re-Auctions Gas In Line With New Government Rules  BQ Prime

Horton Classic Car Museum Auctions Off Classic Cars - KSST
Horton Classic Car Museum Auctions Off Classic Cars  KSST

Vintage motel signs in south Minneapolis go up for auction - MPR News
Vintage motel signs in south Minneapolis go up for auction  MPR News

Livestock Auction Calendar - March 24, 2023 - AgUpdate
Livestock Auction Calendar - March 24, 2023  AgUpdate

Sotheby’s to Partner with the Golden Vines for Annual Live Auction Event, Raising Funds for the Gérard Basset Foundation - wineindustryadvisor.com
Sotheby’s to Partner with the Golden Vines for Annual Live Auction Event, Raising Funds for the Gérard Basset Foundation  wineindustryadvisor.com

Brentwood Auctions Sees Record Sales - wineindustryadvisor.com
Brentwood Auctions Sees Record Sales  wineindustryadvisor.com

A24 Auctions ‘Everything Everywhere All at Once’ Costumes and Props for Charity - Hollywood Reporter
A24 Auctions ‘Everything Everywhere All at Once’ Costumes and Props for Charity  Hollywood Reporter

March 3, 2023: Auction Calendar - Wisconsin State Farmer
March 3, 2023: Auction Calendar  Wisconsin State Farmer

 

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