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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 Thu. March / 28 / 2024

'Titanic' Door Prop That Saved Rose (Sorry, Jack) Sells for $718750 - The New York Times
  1. 'Titanic' Door Prop That Saved Rose (Sorry, Jack) Sells for $718750  The New York Times
  2. ‘Titanic’ Door that Saved Rose (But Not Jack) Fetches Six Figures at Auction  ARTnews
  3. This controversial ‘Titanic’ prop sold for more than $700,000 at a memorabilia auction  CNN

Crypt near Marilyn Monroe and Hugh Hefner could fetch $400,000 at auction - CNN
Crypt near Marilyn Monroe and Hugh Hefner could fetch $400,000 at auction  CNN

NC auctions off abandoned safe deposit boxes - WFMYNews2.com
NC auctions off abandoned safe deposit boxes  WFMYNews2.com

NBA Star Ben Simmons' $17.5 Million Los Angeles Mansion Heads To Auction - Forbes
NBA Star Ben Simmons' $17.5 Million Los Angeles Mansion Heads To Auction  Forbes

San Antonio police to auction off 100 seized assets - San Antonio Express-News
San Antonio police to auction off 100 seized assets  San Antonio Express-News

Tilda Swinton bedtime story among Cinema for Gaza auction lots - The Guardian
Tilda Swinton bedtime story among Cinema for Gaza auction lots  The Guardian

Cascade Galleria to be put up for auction - New Castle News
Cascade Galleria to be put up for auction  New Castle News

Treasury Auction Relief Rally and Month-End Support - Mortgage News Daily
Treasury Auction Relief Rally and Month-End Support  Mortgage News Daily

Here Are the 10 Most Expensive Lots Sold at Auction in January 2024 - artnet News
Here Are the 10 Most Expensive Lots Sold at Auction in January 2024  artnet News

Letters from five former presidents to Tony Bennett are going up for auction - The Hill
Letters from five former presidents to Tony Bennett are going up for auction  The Hill

Auction brings more than $7.5 million for Ponte Vedra Beach home | Jax Daily Record - Jacksonville Daily Record
Auction brings more than $7.5 million for Ponte Vedra Beach home | Jax Daily Record  Jacksonville Daily Record

2024 fantasy baseball draft sheet: Downloadable auction values and stats for 650 players - The Athletic
2024 fantasy baseball draft sheet: Downloadable auction values and stats for 650 players  The Athletic

Treasury Auctions Attract Better Demand. This Is What Has Changed. - Barron's
Treasury Auctions Attract Better Demand. This Is What Has Changed.  Barron's

What Happens to Fashion After It's Sold at Auction - The Business of Fashion
What Happens to Fashion After It's Sold at Auction  The Business of Fashion

Infamous 'Titanic' door sells for staggering €663000 at auction - Euronews
Infamous 'Titanic' door sells for staggering €663000 at auction  Euronews

Young auctioneer continues family legacy – The Daily Texan - The Daily Texan
Young auctioneer continues family legacy – The Daily Texan  The Daily Texan

‘Titanic’ driftwood ‘door’ that saved Rose sells at auction for $700K - The Washington Post
‘Titanic’ driftwood ‘door’ that saved Rose sells at auction for $700K  The Washington Post

‘Titanic’ Door That Rose Used After The Sinking Tops Planet Hollywood Auction - Deadline
‘Titanic’ Door That Rose Used After The Sinking Tops Planet Hollywood Auction  Deadline

Refiner Citgo set to open data room for bidders tied to court auction - Reuters
Refiner Citgo set to open data room for bidders tied to court auction  Reuters

Citigroup Inc. Has $256000 Stock Position in ACV Auctions Inc. (NASDAQ:ACVA) - Defense World
Citigroup Inc. Has $256000 Stock Position in ACV Auctions Inc. (NASDAQ:ACVA)  Defense World

Lady Gaga, Amy Winehouse, Martin Luther King Jr.’s Letters to Tony Bennett Being Offered at Auction - Variety
Lady Gaga, Amy Winehouse, Martin Luther King Jr.’s Letters to Tony Bennett Being Offered at Auction  Variety

Controversial ‘Titanic’ movie prop auctioned for more than $700,000 - NBC DFW
Controversial ‘Titanic’ movie prop auctioned for more than $700,000  NBC DFW

Behind the scenes of Pennsylvania’s Treasury vault auction - ABC27
Behind the scenes of Pennsylvania’s Treasury vault auction  ABC27

Tony Bennett Auction To Feature Cartier, Rolex Watches - HODINKEE
Tony Bennett Auction To Feature Cartier, Rolex Watches  HODINKEE

Infamous 'Titanic' floating door sells for more than $700000 in Texas - Chron
Infamous 'Titanic' floating door sells for more than $700000 in Texas  Chron

Spotlight: Brazil's key auctions in April - BNamericas English
Spotlight: Brazil's key auctions in April  BNamericas English

Sotheby's Doubles Down on Athletic Collectibles With 'Sports Week' Auctions - Investopedia
Sotheby's Doubles Down on Athletic Collectibles With 'Sports Week' Auctions  Investopedia

This 1916 Babe Ruth Rookie Card Was a Store Giveaway. Now It Could Fetch $500,000 at Auction. - Robb Report
This 1916 Babe Ruth Rookie Card Was a Store Giveaway. Now It Could Fetch $500,000 at Auction.  Robb Report

The ‘Titanic’ Door That Could’ve Saved Jack Just Fetched $718,750 at Auction - Robb Report
The ‘Titanic’ Door That Could’ve Saved Jack Just Fetched $718,750 at Auction  Robb Report

‘Never let go’: ‘Titanic’ door prop sold at auction - WPXI Pittsburgh
‘Never let go’: ‘Titanic’ door prop sold at auction  WPXI Pittsburgh

Props from ‘Titanic’ and ‘Indiana Jones’ Earn Six Figures at Auction $525,000 - Barron's
Props from ‘Titanic’ and ‘Indiana Jones’ Earn Six Figures at Auction $525,000  Barron's

Unclaimed property auction scheduled for March 27 - CBS Pittsburgh
Unclaimed property auction scheduled for March 27  CBS Pittsburgh

Nebraska Awards $21M to Four Broadband Providers Via Reverse Auction - Telecompetitor
Nebraska Awards $21M to Four Broadband Providers Via Reverse Auction  Telecompetitor

American Queen Cruise Ship Fleet Heading to Auction - Cruise Industry News
American Queen Cruise Ship Fleet Heading to Auction  Cruise Industry News

Winning Offshore Wind Auctions in a Changing Market - BCG
Winning Offshore Wind Auctions in a Changing Market  BCG

Lady Gaga and Amy Winehouse's letters to Tony Bennett heading to auction - NME
Lady Gaga and Amy Winehouse's letters to Tony Bennett heading to auction  NME

New England Offshore Wind Auction Draws Multiple Bidders - MarineLink
New England Offshore Wind Auction Draws Multiple Bidders  MarineLink

Ben Simmons's $17.5 Million Hidden Hills Mansion Is Headed to Auction - Architectural Digest
Ben Simmons's $17.5 Million Hidden Hills Mansion Is Headed to Auction  Architectural Digest

Controversial ‘Titanic’ prop sells big at auction - KTLA Los Angeles
Controversial ‘Titanic’ prop sells big at auction  KTLA Los Angeles

Pickens Auctions Annual Spring 24 Equipment Sale at Payne County Expo Center - Visit Stillwater, Oklahoma
Pickens Auctions Annual Spring 24 Equipment Sale at Payne County Expo Center  Visit Stillwater, Oklahoma

Wood panel from "Titanic" sells for $700K-plus in auction - WFAA.com
Wood panel from "Titanic" sells for $700K-plus in auction  WFAA.com

Disney concept art, audio-animatronics available for bidding during upcoming auction - KTLA Los Angeles
Disney concept art, audio-animatronics available for bidding during upcoming auction  KTLA Los Angeles

Erik Jones Marks Fourth Anniversary of #ReadwithErik Program with Book Auction - Jayski.com
Erik Jones Marks Fourth Anniversary of #ReadwithErik Program with Book Auction  Jayski.com

Tilda Swinton, Brian Cox and ‘Saltburn’ Star Alison Oliver Items Up for Auction to Aid Palestinians in Gaza - Hollywood Reporter
Tilda Swinton, Brian Cox and ‘Saltburn’ Star Alison Oliver Items Up for Auction to Aid Palestinians in Gaza  Hollywood Reporter

Lady Gaga, Madonna, Amy Winehouse messages to Tony Bennett going on the auction block – WJJY 106.7 - WJJY
Lady Gaga, Madonna, Amy Winehouse messages to Tony Bennett going on the auction block – WJJY 106.7  WJJY

Nigeria's central bank auctions one-year bill at high yield to draw investors - ZAWYA
Nigeria's central bank auctions one-year bill at high yield to draw investors  ZAWYA

One of Michael Jackson's iconic 'Thriller' jackets is up for auction - NME
One of Michael Jackson's iconic 'Thriller' jackets is up for auction  NME

How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia - The New Yorker
How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia  The New Yorker

'Titanic' floating door prop that saved Rose — but sadly not Jack — auctioned off for startling amount - New York Post
'Titanic' floating door prop that saved Rose — but sadly not Jack — auctioned off for startling amount  New York Post

Rhode Island, Massachusetts among states bidding in offshore wind power auction - WLNE-TV (ABC6)
Rhode Island, Massachusetts among states bidding in offshore wind power auction  WLNE-TV (ABC6)

Controversial 'Titanic' door sells for over $700K at auction - New York Daily News
Controversial 'Titanic' door sells for over $700K at auction  New York Daily News

Allegany County Tax Foreclosure Auction Postponed - THE WELLSVILLE SUN - THE WELLSVILLE SUN
Allegany County Tax Foreclosure Auction Postponed - THE WELLSVILLE SUN  THE WELLSVILLE SUN

Wood panel from Titanic fetches more than $700k at Dallas auction - The Dallas Morning News
Wood panel from Titanic fetches more than $700k at Dallas auction  The Dallas Morning News

Large Collection of St. Louis Neon Signs and Memorabilia to be Sold at Auction - nextstl.com
Large Collection of St. Louis Neon Signs and Memorabilia to be Sold at Auction  nextstl.com

Titanic 'Door' Sells Big at Auction, Reignites Major Debate | TIME - TIME
Titanic 'Door' Sells Big at Auction, Reignites Major Debate | TIME  TIME

2024 Sonoma County Barrel Auction Lots Announced - wineindustryadvisor.com
2024 Sonoma County Barrel Auction Lots Announced  wineindustryadvisor.com

RE: Audi R8 | PH Auction Block - Page 1 - General Gassing - PistonHeads
RE: Audi R8 | PH Auction Block - Page 1 - General Gassing  PistonHeads

Mixed Performance. Data Hurt. Auction Helped. Little Changed - Mortgage News Daily
Mixed Performance. Data Hurt. Auction Helped. Little Changed  Mortgage News Daily

Sotheby's To Hold Rough Diamonds Watch Sale In April - HODINKEE
Sotheby's To Hold Rough Diamonds Watch Sale In April  HODINKEE

'Titanic' door sells for over $700k at auction - Entertainment Weekly News
'Titanic' door sells for over $700k at auction  Entertainment Weekly News

Forrest Gump Nike Cortez Auction $57,000 - Complex
Forrest Gump Nike Cortez Auction $57,000  Complex

Titanic 'door' prop that kept Rose alive sells for $718,750 - BBC.com
Titanic 'door' prop that kept Rose alive sells for $718,750  BBC.com

Tobey Maguire's Black Symbiote Suit From 'Spider-Man 3' Is Up for Auction - HYPEBEAST
Tobey Maguire's Black Symbiote Suit From 'Spider-Man 3' Is Up for Auction  HYPEBEAST

Kate Winslet's Infamous 'Titanic' Door Sells for $718K at Auction - TMZ
Kate Winslet's Infamous 'Titanic' Door Sells for $718K at Auction  TMZ

SOLD! 230-acre Iowa century farm brings nearly $4 million at auction - Successful Farming
SOLD! 230-acre Iowa century farm brings nearly $4 million at auction  Successful Farming

The golden Apple: Jobs business card makes nearly $200000 at auction - JustCollecting News
The golden Apple: Jobs business card makes nearly $200000 at auction  JustCollecting News

Business Card Signed by Steve Jobs Fetches $181K USD at Auction - HYPEBEAST
Business Card Signed by Steve Jobs Fetches $181K USD at Auction  HYPEBEAST

Kobe Bryant's 2000 NBA championship ring gifted to his father is up for auction - Los Angeles Times
Kobe Bryant's 2000 NBA championship ring gifted to his father is up for auction  Los Angeles Times

GM Financial Announces 2023 Auction of the Year Winners - Collision Repair Mag
GM Financial Announces 2023 Auction of the Year Winners  Collision Repair Mag

‘Titanic’ Door That Jack Tragically Couldn’t Fit on Nabs More Than $718,000 at Auction - Rolling Stone
‘Titanic’ Door That Jack Tragically Couldn’t Fit on Nabs More Than $718,000 at Auction  Rolling Stone

4-H spring, celebrity autograph auctions planned for April 12-13 - The County Press - Thecountypress
4-H spring, celebrity autograph auctions planned for April 12-13 - The County Press  Thecountypress

Auction of Pattie Boyd's trove of treasures surpasses expectations as it nets $3.6 million - ABC News
Auction of Pattie Boyd's trove of treasures surpasses expectations as it nets $3.6 million  ABC News

African art collection at center of Harris County controversy linked to Commissioner Rodney Ellis will be auctioned next week - KTRK-TV
African art collection at center of Harris County controversy linked to Commissioner Rodney Ellis will be auctioned next week  KTRK-TV

Steve Jobs signed Apple Computer business card achieves over $180000 at auction — about 14X more expensive ... - Tom's Hardware
Steve Jobs signed Apple Computer business card achieves over $180000 at auction — about 14X more expensive ...  Tom's Hardware

This controversial 'Titanic' prop sold for more than US$700000 at a memorabilia auction - CTV News
This controversial 'Titanic' prop sold for more than US$700000 at a memorabilia auction  CTV News

TITANIC DOOR AUCTION - Buffalo News
TITANIC DOOR AUCTION  Buffalo News

The controversial Titanic door just sold for almost £600,000 at auction - MSN
The controversial Titanic door just sold for almost £600,000 at auction  MSN

Wholesale Market Report: Most Notable Corvette Auction Activity [3/27/2024] - CorvSport.com
Wholesale Market Report: Most Notable Corvette Auction Activity [3/27/2024]  CorvSport.com

Kobe Bryant's father auctions off late athlete's first NBA championship ring - Page Six
Kobe Bryant's father auctions off late athlete's first NBA championship ring  Page Six

Online Pennsylvania unclaimed property auction being held this week; here's what you can bid on - Yahoo! Voices
Online Pennsylvania unclaimed property auction being held this week; here's what you can bid on  Yahoo! Voices

Titanic's Floating Door Sells for Whopping $718750 at Auction, Beating Indiana Jones' Bullwhip - PEOPLE
Titanic's Floating Door Sells for Whopping $718750 at Auction, Beating Indiana Jones' Bullwhip  PEOPLE

Tamil Nadu Temple Auctions 9 Sacred Lemons For Whopping ₹2.36 Lakh For THIS Reason - Curly Tales
Tamil Nadu Temple Auctions 9 Sacred Lemons For Whopping ₹2.36 Lakh For THIS Reason  Curly Tales

'Titanic' Prop Door Sells for $718000 at Auction - Us Weekly
'Titanic' Prop Door Sells for $718000 at Auction  Us Weekly

'Titanic' prop door fetches $718,750 in auction, reignites debates - Türkiye Newspaper
'Titanic' prop door fetches $718,750 in auction, reignites debates  Türkiye Newspaper

'Titanic' Door That Saved Kate Winslet's Character's Life Sold at Auction - Men's Journal
'Titanic' Door That Saved Kate Winslet's Character's Life Sold at Auction  Men's Journal

Francis Bacon's Portrait of a Tragic Lover Goes to Auction for the First Time - Hyperallergic
Francis Bacon's Portrait of a Tragic Lover Goes to Auction for the First Time  Hyperallergic

First Tesla Cybertruck Listed At Online Auction Fails To Meet Reserve - Forbes
First Tesla Cybertruck Listed At Online Auction Fails To Meet Reserve  Forbes

Yet another sealed 4GB original iPhone brings in over $100,000 at auction - AppleInsider
Yet another sealed 4GB original iPhone brings in over $100,000 at auction  AppleInsider

A Boom in Luxury Home Auctions Is a Boon to Buyers - Mansion Global
A Boom in Luxury Home Auctions Is a Boon to Buyers  Mansion Global

Capitals Announce MSE Foundation Cherry Blossom Jersey Auction | Washington Capitals - NHL.com
Capitals Announce MSE Foundation Cherry Blossom Jersey Auction | Washington Capitals  NHL.com

Montrose Auction Doubles Online Exposure For 800-Lot Sale, Reaps Nearly $650000 - Antiques and the Arts Online
Montrose Auction Doubles Online Exposure For 800-Lot Sale, Reaps Nearly $650000  Antiques and the Arts Online

Disney concept art, rare memorabilia available in upcoming auction - MSN
Disney concept art, rare memorabilia available in upcoming auction  MSN

Pattie Boyd memorabilia sells for almost £3m at auction - The Guardian
Pattie Boyd memorabilia sells for almost £3m at auction  The Guardian

Marilyn Monroe, Hugh Hefner-adjacent crypt in L.A. at auction - CTV News
Marilyn Monroe, Hugh Hefner-adjacent crypt in L.A. at auction  CTV News

Cars, trucks, and jewelry: Jacksonville Sheriff’s Office to hold property auction end of March - ActionNewsJax.com
Cars, trucks, and jewelry: Jacksonville Sheriff’s Office to hold property auction end of March  ActionNewsJax.com

Washington State’s emissions allowance program held its first auctions in 2023 - U.S. Energy Information Administration - EIA
Washington State’s emissions allowance program held its first auctions in 2023 - U.S. Energy Information Administration  EIA

Spaghetti Dinner and Auction benefits Mancelona students - Antrimreview
Spaghetti Dinner and Auction benefits Mancelona students  Antrimreview

Nearly pristine copy of first-ever Superman comic expected to sell for record-breaking price at auction - New York Post
Nearly pristine copy of first-ever Superman comic expected to sell for record-breaking price at auction  New York Post

How a Trump-property sheriff's auction could work - Business Insider
How a Trump-property sheriff's auction could work  Business Insider

Sotheby's bets on sports with auctions of Jordan shoes, Bryant jersey - New York Post
Sotheby's bets on sports with auctions of Jordan shoes, Bryant jersey  New York Post

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