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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 Sat. August / 13 / 2022

Sullivan Auctioneers and BigIron Auctions together allow for growth in online auction market - Geneseo Republic
Sullivan Auctioneers and BigIron Auctions together allow for growth in online auction market  Geneseo Republic

DNR to hold 2 online confiscated equipment auctions : Aug 8, 2022 | News release - MN DNR
DNR to hold 2 online confiscated equipment auctions : Aug 8, 2022 | News release  MN DNR

Miles Burks Auctions Webtoon Comic Encore! To HarperAlley - Bleeding Cool News
Miles Burks Auctions Webtoon Comic Encore! To HarperAlley  Bleeding Cool News

DNR plans two auctions of confiscated equipment | News Brief | crowrivermedia.com - Crow River Media
DNR plans two auctions of confiscated equipment | News Brief | crowrivermedia.com  Crow River Media

ACV Auctions Inc. (NASDAQ:ACVA) Just Reported Earnings, And Analysts Cut Their Target Price - Nasdaq
ACV Auctions Inc. (NASDAQ:ACVA) Just Reported Earnings, And Analysts Cut Their Target Price  Nasdaq

Grand Prix Tampa auctions off memorabilia - Bay News 9
Grand Prix Tampa auctions off memorabilia  Bay News 9

Student-housing complex up for auction | News, Sports, Jobs - Youngstown Vindicator
Student-housing complex up for auction | News, Sports, Jobs  Youngstown Vindicator

Author Joan Didion’s Estate Is Heading to Auction - Architectural Digest
Author Joan Didion’s Estate Is Heading to Auction  Architectural Digest

Kentucky’s Distillers Are Auctioning Off Vintage Bourbons to Benefit the State’s Flood Victims - Robb Report
Kentucky’s Distillers Are Auctioning Off Vintage Bourbons to Benefit the State’s Flood Victims  Robb Report

The Monterey Car Week Auctions Could Bring in a Record $398 Million in Sales - Robb Report
The Monterey Car Week Auctions Could Bring in a Record $398 Million in Sales  Robb Report

Detroit police auctioning off cars, trucks, RV, and more -- See the auction schedule here - FOX 2 Detroit
Detroit police auctioning off cars, trucks, RV, and more -- See the auction schedule here  FOX 2 Detroit

Auction Partnerships - Artsy
Auction Partnerships  Artsy

Online Watch Auctions Go Deeper Into Luxury Territory - The New York Times
Online Watch Auctions Go Deeper Into Luxury Territory  The New York Times

ICE to Host Auctions of Nature Based Carbon Removal Credits for GreenTrees - Business Wire
ICE to Host Auctions of Nature Based Carbon Removal Credits for GreenTrees  Business Wire

Ace's Dr. Fate, Flash Lightning in Sure-Fire Comics #1, Up for Auction - Bleeding Cool News
Ace's Dr. Fate, Flash Lightning in Sure-Fire Comics #1, Up for Auction  Bleeding Cool News

Bid On a Piece of Racing History: The Newman/Haas IndyCar Collection Is Slated For Auction - Jalopnik
Bid On a Piece of Racing History: The Newman/Haas IndyCar Collection Is Slated For Auction  Jalopnik

China auctions 6k mt of soybeans at low 1.3% clearance rate - AgriCensus
China auctions 6k mt of soybeans at low 1.3% clearance rate  AgriCensus

Hitler's watch sells for $1.1 million at Alexander Historical Auctions - The Washington Post
Hitler's watch sells for $1.1 million at Alexander Historical Auctions  The Washington Post

Bobby Bonilla's famous deferred contract agreement with Mets sells at auction for $180000 - CBS Sports
Bobby Bonilla's famous deferred contract agreement with Mets sells at auction for $180000  CBS Sports

What to Know About a Car Auction | Chase - Chase News & Stories
What to Know About a Car Auction | Chase  Chase News & Stories

America's Auto Auction seeks to serve clients on a broader geographic basis - Auto Remarketing
America's Auto Auction seeks to serve clients on a broader geographic basis  Auto Remarketing

CORRECTION to Terms for Nykredit's and Totalkredit's auctions - GlobeNewswire
CORRECTION to Terms for Nykredit's and Totalkredit's auctions  GlobeNewswire

STORAGE AUCTIONS - Columbia Star
STORAGE AUCTIONS  Columbia Star

AUCTION PREVIEWS Sun., Aug. 14th Commercial Lake front Real Estate - NNY360
AUCTION PREVIEWS Sun., Aug. 14th Commercial Lake front Real Estate  NNY360

Mike Ditka's Super Bowl sweater up for auction - CBS Chicago
Mike Ditka's Super Bowl sweater up for auction  CBS Chicago

Hartselle Police Department hosting silent auction for injured Sergeant - WHNT News 19
Hartselle Police Department hosting silent auction for injured Sergeant  WHNT News 19

Senators’ new bill expands meat processing to auctions - AGDAILY
Senators’ new bill expands meat processing to auctions  AGDAILY

Unclaimed collectibles for auction at WV State Fair - WBOY.com
Unclaimed collectibles for auction at WV State Fair  WBOY.com

Skeleton of a Gorgosaurus Sells at Auction for $6.1 Million - The New York Times
Skeleton of a Gorgosaurus Sells at Auction for $6.1 Million  The New York Times

More than 200 collectables up for auction from North Tampa's vintage village 'Gallopsville' - FOX 13 Tampa
More than 200 collectables up for auction from North Tampa's vintage village 'Gallopsville'  FOX 13 Tampa

Brooklyn's Weekly Foreclosure Auctions: Who Goes and Why? - Curbed
Brooklyn's Weekly Foreclosure Auctions: Who Goes and Why?  Curbed

BigIron Auctions to acquire Sullivan Auctioneers - Successful Farming
BigIron Auctions to acquire Sullivan Auctioneers  Successful Farming

Paintings by college-age Andy Warhol put on auction block by Warhola family - MarketWatch
Paintings by college-age Andy Warhol put on auction block by Warhola family  MarketWatch

Auctions: Drop in Bay of Plenty properties selling under the hammer - Bay of Plenty Times
Auctions: Drop in Bay of Plenty properties selling under the hammer  Bay of Plenty Times

Former NBA player Slava Medvedenko auctions championship rings for Ukraine - NBA.com
Former NBA player Slava Medvedenko auctions championship rings for Ukraine  NBA.com

Oakland, Macomb county foreclosure auctions move online - Crain's Detroit Business
Oakland, Macomb county foreclosure auctions move online  Crain's Detroit Business

Large Animal Auctions and Showmanship Sweepstakes highlight Friday at the Fair - WTVB
Large Animal Auctions and Showmanship Sweepstakes highlight Friday at the Fair  WTVB

Gala auction helps fund next 50 years at Alabama Shakespeare Festival - Montgomery Advertiser
Gala auction helps fund next 50 years at Alabama Shakespeare Festival  Montgomery Advertiser

Rose Bowl Commemorates Saturday's Centennial Celebration With Silent and Live Auctions - Pasadena Now
Rose Bowl Commemorates Saturday's Centennial Celebration With Silent and Live Auctions  Pasadena Now

Porsche 911 Sally Special Heads to Monterey Auction - autoweek.com
Porsche 911 Sally Special Heads to Monterey Auction  autoweek.com

5 Top Cars And Bids Auctions Of The Week (August 1) - HotCars
5 Top Cars And Bids Auctions Of The Week (August 1)  HotCars

Mecum Auctions sets new record for event in Harrisburg - WGAL Susquehanna Valley Pa.
Mecum Auctions sets new record for event in Harrisburg  WGAL Susquehanna Valley Pa.

Machinery Pete: Avalanche of Auction Price Records - Agweb Powered by Farm Journal
Machinery Pete: Avalanche of Auction Price Records  Agweb Powered by Farm Journal

Michael Jordan 1998 NBA Finals jersey could go for $5 million at auction - CNN
Michael Jordan 1998 NBA Finals jersey could go for $5 million at auction  CNN

ELITE AUCTIONS Announces August 19 Auction of Historic Mansion & Local Landmark in Suffolk, VA - PR Web
ELITE AUCTIONS Announces August 19 Auction of Historic Mansion & Local Landmark in Suffolk, VA  PR Web

Rare Apple-1 computer up for auction ‘could have been’ the one from historic moment - The Mercury News
Rare Apple-1 computer up for auction ‘could have been’ the one from historic moment  The Mercury News

REPLAYS: All the action from today’s auctions - Courier Mail
REPLAYS: All the action from today’s auctions  Courier Mail

Kenny Rogers memorabilia from estate to hit the auction block: It ‘represents his incredible legacy and life' - Fox Business
Kenny Rogers memorabilia from estate to hit the auction block: It ‘represents his incredible legacy and life'  Fox Business

Rare documents signed by presidents, historic figures hit auction block - FOX 26 Houston
Rare documents signed by presidents, historic figures hit auction block  FOX 26 Houston

Morrison's Cove Livestock Auction | Dairy Market Reports | lancasterfarming.com - Lancaster Farming
Morrison's Cove Livestock Auction | Dairy Market Reports | lancasterfarming.com  Lancaster Farming

Arlington International Racecourse to Hold a Series of Auctions - NBC Chicago
Arlington International Racecourse to Hold a Series of Auctions  NBC Chicago

Supreme Auctions To Offer Texas Hill Country CW Ranch at Auction August 30th – September 1st - EIN News
Supreme Auctions To Offer Texas Hill Country CW Ranch at Auction August 30th – September 1st  EIN News

10 must-try food stands at Root's Country Market and Auction - LNP | LancasterOnline
10 must-try food stands at Root's Country Market and Auction  LNP | LancasterOnline

Anacortes Towing Abandoned Vehicle | Auctions | goskagit.com - goskagit.com
Anacortes Towing Abandoned Vehicle | Auctions | goskagit.com  goskagit.com

Popular toy auction, based in Lancaster County, begins two-day bidding war - WPMT FOX 43
Popular toy auction, based in Lancaster County, begins two-day bidding war  WPMT FOX 43

Aug. 12, 2022: Auction Calendar - Wisconsin State Farmer
Aug. 12, 2022: Auction Calendar  Wisconsin State Farmer

Explore Three Standout Works by Charles Csuri, a Pioneer of Digital Art, Live Now on Artnet Auctions - artnet News
Explore Three Standout Works by Charles Csuri, a Pioneer of Digital Art, Live Now on Artnet Auctions  artnet News

Hunt Auctions Holds Glittery Event During Baseball’s All-Star Week In Los Angeles - Forbes
Hunt Auctions Holds Glittery Event During Baseball’s All-Star Week In Los Angeles  Forbes

Bobby Witt Jr. Prospect and Rookie Card Picks, Hottest Auctions - Sports Collectors Daily
Bobby Witt Jr. Prospect and Rookie Card Picks, Hottest Auctions  Sports Collectors Daily

Unusual Jewelry Finds Eager Buyers In Online Auctions - National Jeweler
Unusual Jewelry Finds Eager Buyers In Online Auctions  National Jeweler

Why Mecum Auctions at the Pa. Farm Show Complex is a ‘rock concert’ for car collectors - PennLive
Why Mecum Auctions at the Pa. Farm Show Complex is a ‘rock concert’ for car collectors  PennLive

Rowley Auctions accepting consignments for upcoming auction - upnorthvoice.com - Up North Voice
Rowley Auctions accepting consignments for upcoming auction - upnorthvoice.com  Up North Voice

Freshly-Stickered CAC Coins in Stack's Bowers Summer Auction - CoinWeek
Freshly-Stickered CAC Coins in Stack's Bowers Summer Auction  CoinWeek

UFC Fighter Auctions Off Used Weigh-In Underwear - MMA News
UFC Fighter Auctions Off Used Weigh-In Underwear  MMA News

2005 Cadillac CTS-V Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
2005 Cadillac CTS-V Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

Harrison Ford’s original Han Solo blaster ‘to fetch $500,000 at auction’ - The Guardian
Harrison Ford’s original Han Solo blaster ‘to fetch $500,000 at auction’  The Guardian

Savannah Mall sold in online auction for $8.5 million - Savannah Morning News
Savannah Mall sold in online auction for $8.5 million  Savannah Morning News

SOLAS: Rescued Twice Auction proceeds benefit SOLAS | Pets | nonpareilonline.com - The Daily Nonpareil
SOLAS: Rescued Twice Auction proceeds benefit SOLAS | Pets | nonpareilonline.com  The Daily Nonpareil

July 22, 2022: Auction Calendar - Wisconsin State Farmer
July 22, 2022: Auction Calendar  Wisconsin State Farmer

Hotels Continue to Lead CMBS Loan Auctions - Commercial Observer
Hotels Continue to Lead CMBS Loan Auctions  Commercial Observer

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HiBid.com Auctions Approach $40M in Sales Last Week; Bidding Now Open for Coins, Furniture, Antiques, Collectibles, and More  PR Newswire

1994 Jaguar XJS 2+2 Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
1994 Jaguar XJS 2+2 Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

HiBid.com Auctions Range from Vintage Comic Books to Gold Bullion Following a $33.4 Million Week - PR Newswire
HiBid.com Auctions Range from Vintage Comic Books to Gold Bullion Following a $33.4 Million Week  PR Newswire

Body found in trunk of car sold at Lynnwood auction - KING5.com
Body found in trunk of car sold at Lynnwood auction  KING5.com

2.5 GHz auction hits $170.9M in round 15 - FierceWireless
2.5 GHz auction hits $170.9M in round 15  FierceWireless

IRS auctions off Sherwood house on 20 acres Monday with bids starting at $482,818 - OregonLive
IRS auctions off Sherwood house on 20 acres Monday with bids starting at $482,818  OregonLive

1971 Fiat 500F Jolly Clone Is Our Bring a Trailer Auction Pick of the Day - Car and Driver
1971 Fiat 500F Jolly Clone Is Our Bring a Trailer Auction Pick of the Day  Car and Driver

Family-run Wheeler Livestock Auction stays up-to-date but true to its roots - AgUpdate
Family-run Wheeler Livestock Auction stays up-to-date but true to its roots  AgUpdate

Mickey Mantle baseball card shatters record after bidding hits $7.62m - Daily Mail
Mickey Mantle baseball card shatters record after bidding hits $7.62m  Daily Mail

Fantasy Auction Strategy 2022: Best tips, advice for nominating, budgeting, & bidding - Sporting News
Fantasy Auction Strategy 2022: Best tips, advice for nominating, budgeting, & bidding  Sporting News

Adventure Sports Surplus On-Line Auction Announced - Board of Commissioners - garrettcounty.org
Adventure Sports Surplus On-Line Auction Announced - Board of Commissioners  garrettcounty.org

Siskiyou Junior Livestock Auction continues despite McKinney Fire - KOBI-TV NBC5 / KOTI-TV NBC2
Siskiyou Junior Livestock Auction continues despite McKinney Fire  KOBI-TV NBC5 / KOTI-TV NBC2

Historic Riverdale Tavern to be sold in online auction - The Morning Sun
Historic Riverdale Tavern to be sold in online auction  The Morning Sun

Unique Cartier ‘Cheich’ Watch Could Fetch $400,000 In Sotheby’s Paris Auction - Forbes
Unique Cartier ‘Cheich’ Watch Could Fetch $400,000 In Sotheby’s Paris Auction  Forbes

OpenSea Removes ENS Domain Auctions Following RIAA Complaints - Blockworks
OpenSea Removes ENS Domain Auctions Following RIAA Complaints  Blockworks

‘Realistic’ sellers cut reserve for Marrickville house by $95,000 at auction - Sydney Morning Herald
‘Realistic’ sellers cut reserve for Marrickville house by $95,000 at auction  Sydney Morning Herald

Local News Roundup: Auction at the Epicentre; CMS teacher vacancies; Airline cancellations; Optimist Hall paid parking - WFAE
Local News Roundup: Auction at the Epicentre; CMS teacher vacancies; Airline cancellations; Optimist Hall paid parking  WFAE

Stunning 1969 Chevy COPO Camaro Headed To Auction Block - GM Authority
Stunning 1969 Chevy COPO Camaro Headed To Auction Block  GM Authority

Dale Evers Studio donates to Redwings live auction - Paso Robles Daily News
Dale Evers Studio donates to Redwings live auction  Paso Robles Daily News

Gillioz Theatre hosting auction for its collection of artists’ posters - KY3
Gillioz Theatre hosting auction for its collection of artists’ posters  KY3

1949 Mercury Convertible Connected To Olivia Newton-John Heads To Auction - Yahoo Sports
1949 Mercury Convertible Connected To Olivia Newton-John Heads To Auction  Yahoo Sports

SOLD! Jr. Livestock Auction is back | News | ojaivalleynews.com - Ojai Valley News
SOLD! Jr. Livestock Auction is back | News | ojaivalleynews.com  Ojai Valley News

Mark Ruffalo, Jennifer Garner Reunite for a '13 Going on 30' Auction - Parade Magazine
Mark Ruffalo, Jennifer Garner Reunite for a '13 Going on 30' Auction  Parade Magazine

Pirates great Omar Moreno to auction 1979 World Series ring, glove for foundation - TribLIVE
Pirates great Omar Moreno to auction 1979 World Series ring, glove for foundation  TribLIVE

IDL Now Offering Opportunity to Participate in Property Sale Auctions Virtually - bigcountrynewsconnection.com
IDL Now Offering Opportunity to Participate in Property Sale Auctions Virtually  bigcountrynewsconnection.com

BCEF Auctions Off Reserved Parking at BHS – WRBI Radio - Country 103.9 WRBI
BCEF Auctions Off Reserved Parking at BHS – WRBI Radio  Country 103.9 WRBI

Missouri auctions off unclaimed property in Kansas City - WDAF FOX4 Kansas City
Missouri auctions off unclaimed property in Kansas City  WDAF FOX4 Kansas City

Ingham, Eaton counties to auction off about 80 foreclosed properties - Lansing State Journal
Ingham, Eaton counties to auction off about 80 foreclosed properties  Lansing State Journal

Idaho plans to expand auctions, adding remote bidding - KTVB.com
Idaho plans to expand auctions, adding remote bidding  KTVB.com

10-acre Bay Area estate can't find buyer, heads to auction - SFGATE
10-acre Bay Area estate can't find buyer, heads to auction  SFGATE

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