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How To Sell On Ebay: Pricing Strategy
Many new Ebay sellers make one of two mistakes: either they overprice items to an unsellable extreme; or they lose money on every transaction by setting low starting prices with no restrictions.
In this lesson, I am going to go over which pricing strategies to use and when if you are using a ten-day auction setup.
If you are listing a popular item that you are confident will sell for a high price, one strategy you can use is the ten-day, one cent starting price, no reserve auction. This is the best way to start a bidding war: pull in bidders early with a low starting price and no reserve and give them ten days and two weekends to battle it out.
Depending on the profit-margin of the item and the quality and number of your competitors, you may want to consider using listing upgrades, such as bold, highlight, and feature listing options to ensure your auction sticks out of the crowd.
Please note that I do not recommend this strategy for beginners. This is extremely high risk if you do not know how to take the risk out of it - and this is not something I can teach you. You must determine this by assessing your own personal inventory with tests.
Now, if you are new to Ebay or want to list an item with undetermined popularity, you can use a safer, but potentially as profitable bidding strategy for ten-day auctions.
You still wont use a reserve with this strategy. But instead of setting the start price low to encourage a bidding war, you are going to set your start price to your ideal selling price - and then couple it with a buy it now price that is slightly higher.
This will put pressure on the buyer to buy it now instead of watching. If she waits, she gains absolutely nothing--and she risks someone else bidding (and ruining the low BIN price) or just snatching it with the BIN option.
In addition, knowing that she will lose nothing anyway, she will realize that she can get the item up to ten days sooner if she uses the BIN option to order it then, rather than waiting for the auction clock to tick down.
The strategy I described above is very safe. I use it for the majority of my auctions and I always get positive results. At worst, it will take me 3-4 weeks to sell an item, but I wont ever lose money. I just adjust the price to compensate for additional fees.
Another effective way to use a ten-day setting is in conjunction with dutch auctions--or auctions that sell a number of the same item. Ten-day auctions will give you the longest amount of time to move the highest amount of products.
You may also want to feature ten-day dutch auctions, depending on what items you are selling. If you're selling information products and rely on the quantity of sales for profit, this wont be effective; but if you're selling a number of expensive, high profit-margin items, featuring your auction is probably a good idea.
If none of these strategies works for you, you should consider the following two things: 1) the price other Ebay businesses sell your product for. If someone else IS selling your product, there is a reason for it - and it's probably the price. If you cannot afford to sell at a reasonable price, you need to find a new source to buy from. And if your product's price is reasonable, then 2) you need to redesign your auction and find new ways of pulling in targeted traffic.
http://www.workathomerightnow.net/ebay.html - Written by Isaiah Hull, author of "How to Profit on Ebay In Seven Days Without Spending A Single Penny." For a limited time only you can get a pre-publication copy of his book for ONE-FOURTH the post-publication price!
eBay and Dropshipping - A Perfect Fit!
eBay and Dropshipping go together like a hand in a glove. As you read this article, right now, thousands of eBayers are running there own auction business. Some of them make little money, and some of them make real huge profits. Why? It is mostly due to the products they choose to sell, the Dropshippers they use and how they promote their eBay Business.
Effective Auction Listings - How To Create Them
Once you've created the best possible title for your item, you will move on to writing your auction description. Here, you have more space to give a detailed description of the item you are selling in the body of your auction. While the photo and title are what get a person interested in your auction and bringing them to your listing, it's your description that is going to have to induce them to actually bid on it.
Internet auctions are relatively new having been around since the mid 1990's. There are several Internet auctions including Yahoo Auctions and UBid. But of course the undisputed king of Internet auctions is Ebay. Ebay has over 100 million registered users making it one of the top 10 most visited websites in the world.
Selling Effectively on Ebay Motors
Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces but there is the largest online marketplace, Ebay. Ebay has evolved into an online solution for everything from whole towns to your favorite paperback book. Big or small it doesn't matter, Ebay has everything for the savvy consumer.
Selling through Auction Marketplaces
Consumers are increasingly feeling more comfortable in buying products through the Internet. According to a report released recently by the Department of Commerce first-quarter retail sales rose 23.8 percent to US$ 19.8 billion in the United States from US$ 16 billion a year ago. E-commerce sales during the first quarter of 2005 rose 6.4 percent from the fourth quarter of last year. Forrester Research estimated that 2005 online retail sales will increase at a pace of 22 percent. Today, a third of all households in US make at least one purchase online within a year, a figure which will grow to almost 40 percent by 2009, predicts Forrester. As a seller, this strong growth of online sales means that you have to put considerable stress on your Internet sales endeavor if you are not doing this as yet.
8 Collectible Dolls That Sell Well on eBay
From the beginning, eBay's primary growth came from the collectibles market. There are two basic models for eBay sales:
A WIN-WIN Scenario On eBay For Buyer/Sellers: Tips For Hunting Want It Now Postings
"Ask And You Shall Receive" Policy Works!
eBay After Sales - as Important as the Listing Itself
Your eBay listing has finished and you have made a sale, now the next important stage starts - the after sales. Again we are aiming to develop the professional image or ourselves in the customers eyes to encourage them to come back to us again and again because it is easier to sell to a current customer than it is to a new customer.
Why 95% of All eBay Sellers Fail
eBay is now the 8th most visited site on the internet and it has just one purpose - sales. With 40 million visitors per month most eBay sellers are missing a golden opportunity. They are missing the opportunity to cultivate long term clients.
Negating Negative Feedback on eBay
Taking some pride in my one hundred percent positive feedback score on eBay, I was horrified to see a negative feedback appear against me.
Make Money on eBay the EASY way!
Probably just like you, I had an overwhelming desire to spend more time with my family and friends, doing the things that are important to me and living a comfortable lifestyle without financial worries ? and yes, less time working to pay for it!!! So with my quest to find financial freedom, I "googled" my way through searches looking for ideas on how I could fulfil this desire with minimum effort and expense. After all, I wanted to make money not spend it! I had aspirations of making wad loads of cash so my family & I could truly enjoy the pleasures of life - together. Now I've been involved with eBay for a number of years and enjoyed the success and extra incidental profits from selling our own surplus & bought items but never really considered that we could substantially make money on eBay alone. So when I stumbled across some websites claiming to be able to do just that, I was intrigued. This could very well be the best home business money making opportunity to have evolved in the past 50 years ... possibly ever! eBay is one of the fastest growing companies in history. This in itself presents the opportunity for anyone to step right into a massive marketplace of over 47 million enthusiastic buyers and make money on eBay. With this kind of unlimited exposure for under a dollar, I thought ANYONE can launch a profitable home based business starting from scratch! So why not me? Greatly excited by what I had discovered, I began to see my enjoyment for eBay as no longer a hobby but an amazing opportunity to fulfil our dreams and accomplish them with something I actually love to do ? eBay!!! Ok, so I settled by what means I wanted to achieve success but how would I go from being an occasional seller to being a high profit powerseller making serious money on eBay? I needed more information but I really did not want to pay for it. You see, I was a "freebie seeker". I was prepared to scour the vastness of the internet to find the "secrets of success" without monetary expense. Ironically though, I ended up spending all that "precious time" I was trying to save, searching and implementing instead. Hundreds of others had quit their jobs and were making a killing with their own home based business and so I was driven to find out how they did it ? website after website after website, day after day after day ? before I knew it, I'd spent a couple of months day and night trying desperately to piece it all together. What was I thinking?! ? Wasn't the whole idea that I wanted to spend less time working and more time with my loved ones enjoying life!!! .. SO what happened? I lost the plot! Along the way I saw a number of quality informative websites offering all the "secrets" for a reasonable cost that I could access instantly but I fooled myself into thinking I could find out all this information easily and without spending a dime. I continued to muffle my way through copious amounts of information and found bits and pieces, tips and suggestions for making money on eBay I thought I could use, but for the record, I made many mistakes along the way which cost me even more precious time. So what have I learned? Well, actually I've learnt a great deal about how to make money on eBay but I've also gotten wiser! No longer am I prepared to sacrifice my precious commodity of time for the sake of saving a small amount of money (which incidentally, I would make back promptly by following the expert's examples). If I find a resource I truly believe will be of benefit, I will happily purchase it to instantly get the information I need and make it work for me pronto. My recommendation to you is to forget the notion of relying solely on freebie information and learn firsthand from the experts who have tweaked their knowledge & wealth with years of experience and tried and tested practices who are ready to reveal their eBay secrets to success. With so many interested people, it's no wonder many eBayers make their living from home by buying & selling items on eBay. An instant home business is right at your fingertips because eBay is the easiest way to start making money immediately from your own home! This is a real business opportunity but the level of success you achieve will be determined by learning the secrets & sources of those making a killing on eBay ... The eBay Experts! Don't make the same mistakes I made ? There are many shady guides on making money on eBay, most of them written by people who don't make money on eBay themselves. They're basically book reports (knock-offs or just plain plagiarisms) of the few legitimate "goldmine" guides out there. Now much wiser and finally privy to these expert's secrets, we've put together a list of resources at our website that we consider are the *best* and are bestsellers - separating the wheat from the chaff. You don't have to reinvent the wheel. The key is to copy what is already working. Find out what IS working for these experts and copy what they do. It's amazing that more people are not already doing this. ~ Are you ready? ... You really could be the next "eBay Success Story". P.S. Want to harness the high volume traffic from eBay to increase your website traffic? You can find the answer to this and many other secrets at our website ? just another way you can make money on eBay Living Free Online
How to Sell on eBay Internationally without Risk
eBay allows you the opportunity to sell all over the world. It is exciting to communicate with a customer from England, Australia or Japan via email. It is almost as if you are speaking in person. It also opens a huge market! Many US sellers do not sell internationally so you can receive higher bids and more interest in your product; but you need to follow the guidelines I will explain below to ensure your payment.
Start an Easy Home Business: Become an Ebay Trading Assistant
EBay's online auctions have created business opportunities for thousands of people. Now the Trading Assistant program is making it easier than ever to start a business from home.
The Drop Shipping Business
You have suddenly found the perfect business and you are all geared up to make lots of money. You have see the ads about Drop shipping and it sounds great.
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Like many folks, you have heard of online auctions. Heck, even non-computer users have heard of Ebay. Everyone starts out as a bidder. The brave move on to be sellers. Little, by little, you learn the ropes.
Auction Image Hosting for Ebay Auctions: Free Single Most Recommended Tip
It is a well known fact that the more pictures taken of an item, the better it will sell. Not only will you get more bids, but you will make a superior final profit. This is probably why this tip is the single most given tip when it comes to ebay.
From Ebay Zero to Power-Selling Hero: How To Learn New Tricks Without Spending
The Internet is the fastest-changing marketplace on earth. Million-dollar ideas from one year ago might not generate a single penny today. And the best search engine optimization strategies from months ago may be completely invalid now.
Seven Steps to eBay Selling Success
More and more people try their luck at selling on eBay everyday. With all of that growing competition it is important that you do everything possible to make sure that you stand out from the crowd. By following a few simple steps you can greatly improve the odds of your auction being noticed, that browsers will convert to bidders, and that those bidders will become repeat customers. Begin practicing the follow seven tips and watch your eBay auction sales explode.
How to Generate Extra Cash in an Instant
With so many out of work, laid off or staying in dead end jobs to make the ends meet, we need creative ways of generating extra income. Here are a few simple, innovative ideas to get the cash you need quickly.
Five Tested Ways To Find The Perfect Drop Shipper
You've heard about it many times in recent months. Being the business-minded person that you are, you most probably got curious and did a few research of your own. But resources seem to be few, and what meager data you've found made you wonder even more?
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