eBay Explained : How To Buy And Sell On eBay: eBay Seller Archives

February 23, 2008

Offline Auction Bidding Tips For eBay Sellers

Online auction selling can be fun and profitable. But the real excitement and thrill occurs at the onsite, or at offline auctions. There is nothing that compares with the sights, sounds, and actions of an auctioneer, bidders, and visible merchandise.

Would it surprise you to learn that many highly successful and profitable ebay sellers actually purchase their merchandise and goods at on-site or offline auctions? Well it's true.

Following these simple offline or on-site auction tips, you too could join the ranks of highly successful bank account busting ebay auction sellers.

1. Make sure that you always get to on-site auctions on time so that you have a chance to check out what is to be sold... and decide what you are going to bid on. While looking over the goods that are to be sold, take note of others looking over the goods that you want because they will be the ones that will be bidding against you.

2. Make every effort to introduce yourself to the auctioneer, and tell him what you are interested in. Many times he may state what he thinks it will go for, or the restricted price that the owner may have reserved for it. Some auctioneers like to start their own bids. They make you think they have a bid for a certain amount, when they really do not have a thing.

The first bid is the auctioneer's own. When this is obvious, he can be stopped by no one bidding at all. There are some auctioneers like this... who always grab a truck load of goods they bought themselves. An auctioneer may also be stopped by bidding just a quarter over his starting bid. If no one else bids against you, you will get the goods for the starting bid of a quarter... unless only dollar bids are accepted.

Many times an auctioneer will quickly change his tactics when he sees the crowd is on to him. He will simply add another item, and ask for a buck over the last bid. If no one bids, he will throw both items on a pile to be sold later. Surprisingly, that whole pile may go for less than the last bid asked, and you can grab a bunch of valuable goods for your ebay online auction... if you are the bidder.

3. While you should be comfortable at an on-site auction, you should not place yourself in an obvious position where you can be easily seen. Bid cautiously, raising your hand to your chest, extending one or more fingers according to your bid, or raise your card if you have the numbered system. To bid half, raise your hand with the palm down. Never raise your arm full length and wave because you will certainly be outbidden. If you are not certain your bid has been accepted, point one finger at yourself so the auctioneer sees you, and he will nod yes or no.

4. When the numbering system is used at an auction, you must register, and keep your card in view of the auctioneer. Be sure to hand in, or destroy the card when leaving because thieves may pick it up to use it to charge merchandise to you. The card may also be used at another sale to avoid paying for goods... until the auctioneer or clerk realizes there are two of the same numbers.

Use the back of your card to keep a tally of the prices and purchases as you buy. Where cards are not used, keep a book because many dishonest clerks rake money off the top by overcharging, and adding items you did not buy.

5. Talk to the auctioneer, but do not annoy the customers with senseless talk. A friendly auctioneer can be worth a pot of gold. Help the auctioneer along by starting bids on slow objects you do not intend to buy... but have a starting and stopping place so you do not get stuck with them.

6. Beware of bystanders who purposely engage you in conversation all the time, bidding behind your back on goods they know you want. Look out for the person who thinks you know all the good items, watches you closely, and bids just over you... because they think whatever you bid, it's really worth more. Get rid of them by bidding the items much over their worth, quit suddenly, and let them make the final bid. If they bite, they will be stuck with it.

There are those that will bid any price until they get what they want... whether it's worth it or not. These people get stuck most of the time, but they do get what they want. When there are several of this type present... you may as well go home, for all you will get is the junk.

Last, but not least. Mistakes can easily be made at auctions. If you have concerns about the amount you are expected to pay... you need to go over the items one by one with the clerk to make the corrections. It pays to be careful.

Follow these simple tips, and you should always end up with plenty of goods at below bargain prices that you can resell on ebay for a small fortune.

Posted by auction at 10:21 PM | Comments (0)

May 23, 2006

An eBay Seller’s Checklist

Being a seller is a lot of responsibility, and sometimes you might feel like you’re not doing everything you should be. This simple checklist will help you keep on top of things.

Have you found out everything you possibly could about your items? Try typing their names into a search engine – you might find out something you didn’t know. If someone else is selling the same thing as you, then always try to provide more information about it than they do.

Do you monitor the competition? Always keep an eye on how much other items the same as or similar to yours are selling, and what prices they’re being offered at. There’s usually little point in starting a fixed price auction for $100 when someone else is selling the item for $90.

Have you got pictures of the items? It’s worth taking the time to photograph your items, especially if you have a digital camera. If you get serious about eBay but don’t have a camera, then you will probably want to invest in one at some point.

Are you emailing your sellers? It’s worth sending a brief email when transactions go through: something like a simple “Thank you for buying my item, please let me know when you have sent the payment”. Follow this up with “Thanks for your payment, I have posted your [item name] today”. You will be surprised how many problems you will avoid just by communicating this way.

Also, are you checking your emails? Remember that potential buyers can send you email about anything at any time, and not answering these emails will just make them go somewhere else instead of buying from you.

Do your item description pages have everything that buyers need to know? If you’re planning to offer international delivery, then it’s good to make a list of the charges to different counties and display it on each auction. If you have any special terms and conditions (for example, if you will give a refund on any item as long as it hasn’t been opened), then you should make sure these are displayed too.

Have you been wrapping your items correctly? Your wrapping should be professional for the best impression: use appropriately sized envelopes or parcels, wrap the item in bubble wrap to stop it from getting damaged, and print labels instead of hand-writing addresses. Oh, and always use first class post – don’t be cheap.

Do you follow up? It is worth sending out an email a few days after you post an item, saying “Is everything alright with your purchase? I hope you received it and it was as you expected.” This might sound like giving the customer an opportunity to complain, but you should be trying to help your customers, not take their money and run.

Being a really good eBay seller, more than anything else, is about providing genuinely good and honest customer service. That’s the only foolproof way to protect your reputation. Of course, you might be wondering by now whether it’s really worth all the hassle to get a good reputation on eBay. Won’t people buy from you anyway, and couldn’t you just open a new account if it really comes down to that? Our next email will set you straight.

Posted by auction at 11:59 AM | Comments (0)

May 21, 2006

A Look at Third Party eBay Tools.

There are plenty of companies out there offering third party eBay tools. Most of them are web-based instead of downloadable, so you pay a monthly fee instead of just buying the software. But do you know what these sites can do for you? It can be hard to get to grips with what’s out there using a search engine, so here’s a quick rundown of the key players.

Andale (www.andale.com).

Andale offer lots of small products instead of one solution that does everything: you can take your pick from a lister, image hosting, counters, analysers, a gallery, a checkout and an email manager. The price plans are a bit of a maze, but quite reasonable as long as you don’t go and use everything.

Andale’s real claim to fame is that they’ve been doing it for so long – they’re not some fly-by-night organisation, and many eBay sellers have been using their free counters for absolutely years. They also have a reputation for being very responsive to customers, and will often talk to you directly on their forums and implement any suggestions you might have for improving their software.

Vendio (www.vendio.com).

Vendio offer two editions of their software, Sales Manager: a Merchandising edition and an Inventory edition. The difference between the two is that the Merchandising edition is designed to make it easier to list individual auctions, while the Inventory edition is for sellers who sell many of the same item. They offer a pay-as-you go price of 10c per auction.

They also offer software called Tickets Manager, special software for people who sell lots of tickets on eBay – an odd product to have, but useful if you happen to sell tickets. Other services offered by Vendio include web and image hosting, fancy Flash galleries of your products for your listings, and stores.

ChannelAdvisor (www.channeladvisor.com).

ChannelAdvisor offer their software in three versions: Enterprise, Merchant and Pro. Enterprise and Merchant are both designed for very big businesses, though, and the chances are that the Pro version does everything you’d want. ChannelAdvisor is popular among sellers who want a solution that they know is used and trusted on a very large scale by enterprise-level customers.

It offers all the standard bulk listing and inventory features, as well as the unique feature of being able to create auctions from an Excel spreadsheet of your inventory. The cost is high, though, at $29.95 per month.

And Many, Many More…

eBay maintain a comprehensive directory of third-party software, which you can browse through anytime you have a few days to kill. You can look either for complete solutions or for each part of what you want individually – the choice is so daunting that there’s bound to be something out there for you. You can look at their directory at http://cgi6.ebay.com/ws/eBayISAPI.dll?SolutionsDirectory.

Once your items have sold and you’re about to ship them, you might be a little nervous about whether you can trust your buyer. Our next email will give you a few tips for spotting problem buyers before you send them anything.

Posted by auction at 04:49 PM | Comments (0)

February 26, 2006

eBay Coupons

There’s a novel idea afoot nowadays: Using electronic discount coupons to pay for items people are interested in purchasing.

This only goes to show that most good marketing ideas can be adopted for the internet. Instead of cutting coupons out from newspapers or carton boxes, eBay gives out electronic copies of coupons to purchase merchandise. The coupons are fast and easy to use.

Coupons are routinely sent by eBay to members who then use them to pay for items through PayPal. The coupons signify specific discounts that can be applied to the purchase of items.

Using Coupons

To use an eBay Coupon one must buy an item where the seller accepts PayPal as a payment method. Upon payment of the item using PayPal, an opportunity will be given to the buyer to enter a coupon redemption code and receive the discount.

Sharing Coupons

Some coupons from eBay can be shared with other people while some can only be used by the owner. If the coupon indicates that only a specific email address may use the coupon, it may not be shared.

Coupons and Your eBay and PayPal Accounts

To use the coupons the owner must have a PayPay and an eBay account. If the owner does not have these accounts, he or she must sign up for them to avail of the discounts. PayPal lets you pay securely over the Internet using a credit card, checking account, or a PayPal account balance.

Important Restrictions

Upon winning an eBay auction, the bidder is required to purchase the item even if the coupons they are holding turn out to be invalid for the auction.

Also, coupons can only be used one-at-a-time. This means that Gift Certificates, single coupons, or eBay Anything Points are valid for only one auction and only one type can be used each time.

One more restriction is that the coupons cannot be used for Half.com purchases.

Items must also meet all coupon requirements and must be paid for in ten days from the closing of the auction on eBay.

Coupons have expiry dates. Coupon holders should take note of the expiry dates noted on the coupons.

Sellers may also configure their listings to accept coupons. To accomplish this, the seller must accept PayPal as a payment mode. If a coupon is used in the purchase of one of the seller’s items, the value of the coupon is forwarded to the seller as it's equivalent in regular currency.

Posted by auction at 02:30 PM | Comments (0)

February 20, 2006

How to Value Your Collectable Items

The first thing you will need to do is check out the condition of your item, be it a train, doll, Disney collectable, or some other collectable item. Is it scratched, torn, clean, dirty, new, in a box, without a box? You get the idea...

Use a good light source and check the item out very carefully, noting the name, identification marks, and any copyright marks. Also, check for any imperfections, tears, scratches, color imperfections, mars, stains, etc.

Many dolls are collected with the box intact. An intact box can raise the value of an item a great deal. Some are worthless if the box is damaged badly or missing.

NOTE: Some dolls are meant to be played with and taken out of the box to dress. Examples are the Tonner Doll Company dolls: Tyler Wentworth, Sydney Chase, Gene, etc.

Remove the doll from the box for inspection. Look for forums, discussion boards, or news groups where similar collectors gather online. You can also check on eBay (or other online auctions) to see what similar items are selling for and what their condition was at the time of sale. Compare the prices with, and without a box to see the difference.

To find your item on eBay:

1. Find the category on eBay where your item would most likely be listed. (Dolls, bears, trains, Disney collectable would be likely categories.

2. If using Dolls, use the [check only in Dolls box] in the search.

3. Use your keyword to search, such as "Barbie doll". This will bring up the current auctions window.

4. Now, check the completed auctions box, to check out the prices and descriptions on the sold items.

5. When you click on the individual auctions, you can see the price the item sold for, the condition of the item and whether it had a box. Look for terms such as NRFB (Never Removed From Box) or MIB (Mint In Box).

Note that the price on eBay is not the best price for your item. Usually, the price could be more if sold locally because the online auction buyer cannot actually handle the item and examine it in person.

Other places to find information about your item (doll) would be websites selling your item (doll), antique or boutique shops, toy or hobby shops, and resell shops. Also, check out the resource books at the public library.

Popular collectibles might have a price book that is printed for collectors. You can also use a collection of hobby magazines to price items or to locate the year the item was made.

If you have done all of the above and still cannot find the information that you need about your item, check out some local hobby clubs in your area. Most hobby enthusiasts will be willing to help you find the information you need and are eager to talk about their hobby. You might even find an expert on your items, or a buyer!!

Posted by auction at 02:32 PM | Comments (0)

February 08, 2006

Keeping records of your Ebay business: Part 2

In part one of this ebay article series we introduced you to the importance of keeping a proper paperwork trail of everything pertaining to your ebay home business profits. We discussed how keeping detailed records of every area of your ebay home business was not only beneficial for tax purposes but at the same time it is the only way to seriously track and tweak your ebay home business for long term success.

Also in part one, we then closed the end of the ebay home business article by explaining the definitions of gross profit and gross profit margin. These two categories of incoming profits are important to help you understand what you are earning and which direction you want those earnings to go in.

Before you get bored again, let me remind you that I know you would rather be talking about selling and spending all of the millions you will make with your ebay home business! But trust me, these dry topics on paperwork, records, and taxes are exactly what you need to become an expert at in order to create long term stability with your ebay home business.

Ok, back to business. In today's article we are going to help you understand your tax responsibilities. If you were like me at the beginning of my ebay home business, then you probably can find any reason possible NOT to go through the trouble of keeping formal bookkeeping records of your ebay business. Unfortunately for us small business people, the IRS tax law overrules whatever reason we have to justify not keeping the books up do date for our ebay home business. The law states that you must keep very detailed records of your ebay income, your ebay expenses, your assets, and even your liabilities.

By keeping these ebay home business records accurately recorded, you will be enabled to properly report on your tax return every bit of income that comes in from that ebay home business. You will also then be able to claim any and all write-offs that are connected to your business.

What are "Write-offs"? They are deductions that you can subtract when having the tax paperwork completed for your ebay home business. Let me give you an example:

Let's say that you sell Antique products as your main source of income for your ebay home business. Each day you get in your car and drive around town and visit flee markets, swap meets, and yard sales to find hot deals on Antiques. You will then turn around and resell these same Antiques on Ebay for big time profits. Your tax responsibility here is to keep track of the exact mileage you used up in your vehicle. This information can be used as a tax write-off. And of course don't forget to save your gas receipts for extra tax benefits!

Next I'm going to bring up an ugly word that give many ebay home business owners the chills. The "audit". If you are unfamiliar with the term audit or have never experienced getting audited then allow me to explain it to you.

As much as you may not like their reach of power, the IRS has the legal right to view all of your ebay home business records if they should ask. This is not an assumption, it is the truth. Should this happen, then you will be what is called "audited". And if you are one of those unlucky ones that are audited then you had better be prepared with detailed, complete, and truthful business records. You do not want to have missed important tax claims or filed inaccurate reports in the past because if an audit should happen then those negative actions could jeopardize your ebay home business.

Last but not least, we are going to leave you with understanding what financial type records that you will need to show to a bank if you are applying for a loan to help expand and grow your ebay home business. The first one is called a balance sheet. The second is called an income statement.

Income Statement: An income statement consists of a list of your assets, liabilities and what you have invested into your business. And by the way, any amount of funding that you "invested" into your ebay home business is called equity.

Income Statement: This statement is simply a list showing all of the income and all of the expenses of your ebay home business within a specified period of time. This "specified period of time" is usually quarterly or yearly, depending on how often you attend to your taxes.

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Jason James is a 10 year Internet marketing veteran and an eBay Power Seller of 4 years. His website "The Auction Resource Network" reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.
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Posted by auction at 02:57 PM | Comments (0)

February 07, 2006

Keeping records of your Ebay business: Part 1

Are you ready to take your Ebay business to that next level as a rich ebay seller? Would you like to quit your day job to become an ebay seller full time? Can you imagine the freedom you will have from working as an ebay seller from anywhere you please? Want to know the secret?

Good... Now that I have your attention I want to be honest with you. Today's article does not really have any well kept "secrets" or magic wands with bells and whistles that will make you a rich ebay seller overnight. Instead, we are going to discuss the importance of keeping a proper paperwork train moving along so that your ebay business can stay strong and thrive based around good record-keeping.

I realize that this topic is a dry one but trust me, keeping good records of your ebay seller business can make or break you in the long run. As boring as it is, the advice you are about to be given is rock solid for anyone like you who wants to become wealthy as an ebay seller. It only takes one time to get audited by the IRS before everything can come crashing down on you and your business as an ebay seller. In addition to the tax law, without proper paperwork tracking, your business has no direction and will ultimately fail.

3 Reasons why it is essential to keep good records:

1. Without keeping records of everything pertaining to being an ebay seller and the sales you have made then how else will you be able to gouge your progress? A detailed paperwork trail will show you how well or how poorly your business is doing. If becoming an ebay seller full time is your goal, then keeping good records is key.

2. Second, the tax law requires you to keep records of your business. Unfortunately the law is the law and there is no choice in the matter, even if you are just a small-time ebay seller trying to make it big.

3. You may need a business loan or other type of loan from a financial institution someday. Many power ebay sellers jump-started their ebay business by obtaining a loan from the bank and you can too, provided you have kept good records as an ebay seller. Most loan applications require a ton of paperwork and all of the details and history of your business.

Tracking your Ebay business is not just for the IRS:

If I were to ask you today how your business is doing as an ebay seller, what would your answer be and what would determine that opinion? It's not enough just to say that you are doing good in your business. Instead, your answer should be calculated from your paperwork records, by tracking specific items.

In other words, keeping detailed records of your ebay seller business is not only for the purpose of the IRS but also to help you create a profitable business plan based on actual facts. For example, do you know which ads are pulling in the most sales? Do you have the history of testing and tracking on the ads that are not pulling in sales? Are your profit margins high enough to cover your business expenses? What percentage is profit?

It would obviously be impossible to accurately answer these questions unless you were the kind of ebay seller that kept good business records. And if you have not started documenting and saving copies of everything pertaining to your ebay business, then it is never too late to start! With a little commitment and self discipline, you can get into the habit of keeping the books up to date immediately.

Taking that first step:

Getting started with keeping the books up to date with your ebay seller business is kind of like doing that big chore that you have been putting off for a long time. You know you can do it, you know it needs to be done, but getting started just seems like a mountain to climb.

Well let's break that mountain into a molehill today and get started with explaining to you about profits margins and gross profit margins.

1. What is Gross Profit? Gross profit is your starting point in order to determine profitability from being an ebay seller. You simply subtract the total cost of your inventory that you have sold from the total revenue that you earned for the sales.

2. What is a Gross Profit Margin? A gross profit margin is a determination of how profitable you are as an ebay seller. You will know this information by dividing your gross profit by your total revenues. The higher the percentage is, the better off you are as a profitable ebay seller.

Posted by auction at 02:54 PM | Comments (0)

February 06, 2006

Keeping records of your Ebay business: Part 4

The base for any business to survive over the long term, especially an ebay powerseller business, is to keep accurate detailed records of everything pertaining to your ebay records. In our recent articles of parts one through three, we touched up on the basics of your financial records and how to start a paper-trail system of your ebay powerseller business that is both accurate for your personal books and for the IRS at tax time.

In today's article you will learn the importance of tracking your ebay business inventory and how to sell from that inventory, whether as FIFO or LIFO. Running an ebay powerseller business means that you are reaching a great point of success with your business and in order to stay successful you will need to account for your inventory meticulously.

You will need to know exactly what is on hand to sell to your ebay customers and also when you will need to replenish that inventory to replace the sold items. Unless your ebay powerseller business revolves around providing digital products (any product that is delivered via email or downloaded like an E-book), then stocking your items and tracking them is of utmost importance.

How to figure out your ebay powerseller business inventory

Technically speaking, "inventory" refers to any merchandise that you hold in your home office or your business office that are for sale to your customers. Not only does this include items that you have on hand to sell to your customers but it also includes any supplies that will become part of the item. For example, if you are selling electronic equipment then any spare parts like speakers, knobs, wires, etc. are part of your inventory list.

How to report your inventory at the end of the year for taxes

When it comes time for you to report your income for the tax man, you do not report your ebay powerseller items separately. Instead, everything within your ebay stock should be lumped together under the umbrella of "inventory".

In order to know what income to report, you should have recorded what your ebay inventory was at the beginning of the work year. This is called "opening inventory". Next, you will need to have accurate records of what items that you bought during the year and added to your ebay powerseller inventory. And of course, your "closing inventory" is what is left at the end of the year.

Now that you have all three of the above categories accurately recorded then you will be able to arrive at one key number. This is called "your cost of goods sold". And this number enables you to figure what you made on your sales for the year when submitting this information in for tax purposes.

Understanding LIFO and FIFO

What do these two terms have to do with keeping records and tracking inventory? Let's start with FIFO. This means "first in - first out". In other words, let's say that that you resell books as an ebay powerseller. In January, you purchased a set of wholesale books that cost you $3.00 each. Then in May you purchased another set of books to resell that cost you $5.00 each. If you sold all of the books from the first set before selling the second set, then those were "first in and first out" (FIFO).

Next we have the term LIFO and this stands for "last in - first out". With LIFO, you would sell all of your ebay powerseller book items from the last stock purchase you made, before you resell the first batch.

Which is best for your ebay powerseller business? That is up to you. The one you select will invariably affect your cost of goods sold, which, in turn, will affect your profit for the year. The method you choose will depend on the trend in prices. Simply choose a method that you can live with for years to come and one that fits within the IRS regulations.

When prices are rising, then using LIFO will result in a larger cost of goods sold so that closing inventory will be higher and your reportable profits will be lower. But when prices fall, the opposite result occurs - you'll wind up paying more taxes with LIFO than if you'd used FIFO.

Posted by auction at 03:00 PM | Comments (0)

December 29, 2005

Estimating an Item’s Value for Sale on eBay

Proper pricing of items to be listed for sale on eBay is one of the most important aspects of generating interest in one’s on-line auction listing.

If the price is too high, interest will be low, and the possibility of a sale decreases.

If the price is too low, the seller generates enormous traffic, yet the final bid might be too low to satisfy the seller’s need for a profit.

The following steps will aid in the process of pricing an item for sale on eBay.

Step 1: Determine How Much the Original Item was Worth

First of all, one must find out how much the item cost when it was new. This helps the seller set realistic goals as to how much they can expect to profit when the item is sold.

The seller must remember that the going price for the item in today’s market will be different from its original price. And depending on the demand for that item, he may get a price that is better, or worse than the original price.

The seller must also acceptance the fact that the buying power of today’s dollar is different from that of ten years ago.

Step 2: Do a Little Research

Sellers should research the current price of similar items. This gives the seller a good standard as to how much they should price their item. Searching eBay for successful auctions of similar items is one of the best ways to do this.

Step 2: How Much Has the Item Depreciated?

The seller must check the item for damages and other irregularities from a mint condition item of the same kind. They must then deduct a reasonable amount from the asking price based on their evaluation. Wear and tear on an item will definitely bring down the price of an item considerably. It is wise to make sure that items are repaired, or spruced-up before being auctioned.

Step 3: Start a Little Lower than Usual When Setting the Selling Price

It is wise to start an auction a step or two (or even three) lower than a sellers intended price. This generates interest in the item. It may be hard to believe, but auctions that start lower than the intended price actually have a better chance of overshooting the intended price.

Professional opinions are always available if the seller of an item is in doubt of the value of his or her item. Third party appraisal companies help in this regard. A list of such companies is available at the Authentication & Grading link under Protection and Authentication on eBay.

Bill Enross can help YOU start your own profitable business on the Internet within the next 24 hours! Learn more...

Posted by auction at 08:06 PM | Comments (0)

December 26, 2005

Spotting Fakes and Frauds on eBay

Fake items abound on eBay, and it takes much effort not to be duped by scammers who peddle these wares. There have been many painful stories relating how a seemingly legitimate item turned out to be either fake or defective.

It is possible, however, to avoid these scams if one is careful and vigilant. Buyers should be wary of any purchase over eBay, and should take steps to ensure the authenticity of the item and to make sure the item is in reasonable condition.

Be Vigilant

Buyers should take the initiative by doing plenty of background research. They must learn as much as possible about the products before bidding on them. If the seller provides pictures of an item, they should not be taken at face value. Comparison of these pictures with the real item helps in this regard.

Many sellers will use pictures from manufacturers that do not represent the item they are actually selling; buyers should ask the seller for actual pictures of the item. If the seller balks, buyers should refrain from bidding. Collector’s items, autographed memorabilia, and historical artifacts are common items that are misrepresented on eBay.

Authenticate

Familiarize yourself with the various bodies that certify respective items. For example, reputable merchants of autographed sports memorabilia should include a COA (certificate of authenticity) from a trusted third party. Counterfeit or misrepresented items should be reported to eBay. When buying on eBay Motors, one may have an inspection service double-check if the seller is accurately representing his automobile.

Look at the Feedback

One should analyze the feedback rating of a seller. Analyzing feedback is another helpful exercise to prevent scams. Sellers who have an established history of credible sales are usually helpful and professional to deal with. Negative feedback should be a red flag as to whether one should pursue a trade with the person. The same thing applies for those who do not have feedback ratings at all.

Buyers must be careful however, since it is possible that a scammer has hijacked an account that has positive feedback.

Buyers should make sure they have read the entire product description on its eBay listing. Things to look out for are disclaimers, damages, current item condition, years of use, and others. If this information is not specified, it would do well for the buyer to contact the seller regarding such.

The Price Theory

If the price for an item is too good to be true, it probably is. Auctions that carry outrageously low prices should be taken skeptically.

Bill Enross can help YOU start your own profitable business on the Internet within the next 24 hours! Learn more...

Posted by auction at 12:01 AM | Comments (0)

December 23, 2005

Selling Children's Items on Ebay

Selling for a profit on eBay is easy when you have kids. People are earning hundreds of dollars a month by selling kid related items. Here are some general ideas to help you get started.

Kids Items You Can Sell

Clothes, toys and videos are good money makers on eBay.

Go to eBay and look up a "lot" of size six girl's cloths. You will find they are expensive! The average price for a lot of 20 good conditioned clothes is about $35.00.

When your kids grow out of their seasonal clothes do not throw them out. Bundle them into different lots by category. For example bundle girls dresses separate from girls play clothes, but only do that if you have at least six of each different type.

Lots of any item sell better than single items unless the item is unique or high priced. For example, a hand embroidered dress that you paid a lot for would sell better by itself instead of bundled with other basic dresses.

The next item to lookup on eBay is toys. Most toys in good condition will sell for a lot of money. One idea that works well is to buy hot items in October at Wal-Mart or Toys-R-Us and sell them on eBay. Busy people are willing to pay extra for the convenience of getting the items delivered to their home. For example, last year a Mega Power Ranger came out in stores around October and sold at Wal-Mart for about $45.00. The same item sold on eBay for up to $65.00 plus shipping. The Yellow Power Ranger is yet another example where the store price was about $6.00, while the same item was selling on eBay for about $20.00.

Have your children ever received duplicate birthday or Christmas presents? You can sell those on eBay also. Look at the eBay listings for items of interest to see if selling on eBay is worth more than returning the item to the store.

Kid's videos and DVDs are also good money-makers. Bundle about three of these together, and you can usually make about $7.00-$12.00 per bundle. Bundle more and the money goes up. Disney movies in hard cases can go for a higher amount. This also works for other types of movies as well.

Save those McDonalds toys. Some Kids Meals toys sell high. Take the new Star Wars toys from Burger King...very collectible. You will find them selling on eBay from $1.00 to $5.00, not including shipping.

Ebay has a whole section devoted to dolls and bears. If your daughter doesn't want her collectible dolls anymore sell them on eBay.

Kids Crafts You Can Sell

Around the holidays, especially, have your children place their hand in paint and make a print on some quality paper. Add a holiday related poem and you have a great craft to sell on eBay.

Have your kids make gift jars with ready made mixes. For example, hot chocolate mixes in a jar with a plastic spoon tied to it with a ribbon. Dip the end of the spoon with white chocolate.

Baby Items You Can Sell

Used baby items are very profitable. Baby items cost a lot of money, especially in their first year. Any "gently" used items are generally good sellers on eBay.

If you have baby coupons that you will never use, sell them on eBay! Left over diapers and formula sell well also. A lot of 35 used cloth diapers usually sells for around $38.00 plus shipping. Four Fuzzi Bunz diapers (cloth diapers with hemp inserts) can sell for as much as $40.00.

There you have it. Plenty of ideas for selling those leftover kids items on eBay...and you can even make a nice profit while you are at it!

Bill Enross can help YOU start your own profitable business on the Internet within the next 24 hours! Learn more...

Posted by auction at 07:59 PM | Comments (0)

December 18, 2005

How to Use eBay's "Featured Gallery" Section

The 'featured gallery' is a little-known and little-used eBay feature, but that's part of its power: it is far more used by buyers than it is by sellers, which means you can pick up some new buyers by advertising there.

Basically, the featured gallery works a lot like 'Featured Plus' for normal listings, which shows your item before all the other results. Buying a 'Featured Gallery' listing shows your listing at the top when someone chooses to use the picture gallery instead of the list view.

Which Picture Gallery?

Exactly - you've probably got no idea what I'm talking about, since it's such a little-used and well-hidden feature. Try doing a search for an item. Do you see just above the results, where you can choose between 'List View' and 'Picture Gallery' (it's next to the options for sorting the results)? Click 'Picture Gallery'. A whole new world opens up before your eyes!

This feature is there for buyers who prefer to work visually instead of by title - and there are a surprising number of them, especially if your items are being sold for their visual appeal.

What Happens When I'm Featured?

Becoming featured in the gallery means that your item will be displayed above the other items in the picture gallery when any search there includes your item in the results. You might think this useless, considering how few people ever look at the picture gallery - but for the people who do look, you'll be right up there. You'll stand out even more, in fact, since so few sellers buy the featured gallery listings.

Not only that, but your picture will appear almost twice the size of the normal gallery listings below it. Your picture will be taking up a big part of the users' screen as soon as they get their results, and they can't avoid seeing it! For users with smaller screens, your picture could take up as much as a third of their display area.

Consider it targeted advertising towards buyers who prefer to work visually - if you want to attract that kind of buyer, you'll do well from the featured gallery. If you sell art then this will be absolutely ideal for you, especially for large, striking pieces. There are independent artists out there who've gone from no sales to bidding wars just by getting featured in the gallery.

So How Do I Get a Featured Gallery Listing?

Just tick the option when you're going through the Sell Your Item process. It costs $19.95 per item, so it's only really worth using on auctions where you think you'll make more than that back in the extra bids.

Posted by auction at 10:17 PM | Comments (0)

December 17, 2005

The Seller’s Dilemma on eBay

It’s obvious that eBay provides internet users with an online flea market where buyers and sellers from around the world meet to conduct trade.

However, like most traders who are faced with an innovation of this sort, the first question will always be: It is safe?

The answer is yes, but devious scammers seem to be plotting daily to forward their dastardly schemes and take advantage of eBay’s power.

So, what is the user’s recourse? The users of eBay must learn to gather information and take meticulous care in dealing on eBay. Only then can they be less gullible to scammers.

A common consensus is that bidders are often scammed by sellers. But it is possible for things to be the other way around.

Here is a list of the common problems sellers encounter and the means to handle them.

Fake Escrow Services

A winning bidder may request that an escrow service be used to assure both parties of a fair transaction. Unfortunately, the seller is sometimes duped into using a fake escrow system.

To avoid this situation, the seller must always verify the authenticity of an escrow service. eBay recommends the use of escrow.com. If the bidder insists on his or her escrow service, chances are, that person is a scammer.

Victims of this fraud find it difficult to reclaim their items. They may, however, appeal to the legal system afforded by the state they live in. They must also contact eBay regarding the matter for any assistance they may be willing to offer.

Deadbeat Bidders

Deadbeat bidders (a winning bidder who doesn’t pay for an item at the auction’s close) are more common on eBay. If the winner of your auction does not pay, you may leave that person a negative feedback.

As for the listing fees the seller shells out, eBay lays out a four step procedure that sellers can use to potentially recover lost selling fees. If sellers complete the process to eBay’s satisfaction, they will receive a Final Value Fee credit and a re-list credit. Filing out an Unpaid Item dispute is the first step toward eBay reimbursing such fees. A person can report an unpaid item up to 45 days after an auction’s close.

Trade Dispute

This occurs when the seller and bidder disagree on some terms of the sale. This may also happen if there is a purported violation of any of these agreements.

If communication between both parties does not help, they may consider availing of a third-party dispute resolution outfit to help. SquareTrade.com is one of these outfits that eBay recommends.

An Ounce of Prevention is Worth a Pound of Cure

A seller’s life may be made terrible because of the constant scamming attacks unscrupulous individuals undertake. But, with proper information and care, he or she can continue trading on eBay with relative safety.

Bill Enross can help YOU start your own profitable business on the Internet within the next 24 hours! Learn more...

Posted by auction at 12:56 PM | Comments (0)

December 13, 2005

The eBay Blacklist

The eBay business can be most likened to an online flea market. But, as with most flea markets, there is always the possibility that questionable hawkers lurk around the corners. Therefore, there must be rules in place to insure that the auctions and transactions formed through eBay are safe and legal. Only then can a market – online or not – flourish.

Certain types of items are prohibited or regulated on eBay. eBay reserves the right to terminate auctions that violate its specifications for allowed items on listings. In the case of a violation, eBay emails the bidder and the seller to notify them of the violation and to explain the need to terminate the auction.

There are many eBay guidelines in-place that describe items that may not be posted for auction. They fall under three main categories: Prohibited, Questionable and Potentially Infringing.

Prohibited

This describes items that are not permitted on eBay. This list includes alcohol, tobacco, drugs, animals, human parts or remains, government properties, lottery tickets, and others. eBay contains a complete list of such in their policy statement.

Questionable

Items listed as questionable can be posted provided they follow certain conditions. For example, some adult material may be listed for auctioning only if they are posted in the Mature Audiences section of eBay. Event tickets may be sold provided that the auction closes before the actual event itself. The list also includes batteries, artifacts, food, used items, event tickets, weapons and knives, police related equipment, Freon, hazardous chemicals, offensive material, mature audiences material, international selling, and international buying among others.

Potentially Infringing

Items listed under this heading may be legal. However, they almost always violate copyright, trademark, and other rights. Some examples of Potentially Infringing items are: academic software, beta software, bootleg recordings, contracts and tickets, downloadable media, movie prints, OEM software, Replica and counterfeit items, and unauthorized copies.

The eBay list of problem items is updated periodically and is incorporated into the User Agreement of eBay. These guidelines do not represent legal advice. It would do well to check with law enforcement agencies, a lawyer, or other legal outlets to verify the legality of a questionable item to be posted.

This policy applies even if you offer to give your item away for free. As long as it is posted on eBay, it is subject to the above policy.

As a final note, it is stressed that a eBay buyer is subject to liability if he or she purchases an illegal item. It is still the responsibility of the buyers and sellers to monitor the legality of their transactions since eBay is merely a facilitator in the market process.

Bill Enross can help YOU start your own profitable business on the Internet within the next 24 hours! Learn more...

Posted by auction at 09:52 PM | Comments (0)

December 06, 2005

Selling Real Estate on eBay

Selling real estate over the internet may sound like an awkward idea. However, the exposure the real estate receives over such a widespread media like the internet is every realtor’s dream.

Can eBay be used to market real estate? The answer is a resounding ‘yes!’

eBay provides functionality that is clearly adaptable to the needs of most realtors. It provides a widespread medium of advertisement for the real estate. It is also a relatively inexpensive method of advertising.

One of the best things about selling real estate on eBay is that it "markets" to many areas around the world, not just a local area. Advertising on eBay makes the property available to more than 100 million potential buyers, including those from other countries. Visitors can browse through the property details 24 hours a day, 7 days a week – all without the realtor having to explain the details about the property to every single prospect wanting information.

Advertising Your Real Estate on eBay

When one has a house or other real estate to sell, he or she may list it for auction on the eBay Real Estate site. This is found at http://www.pages.ebay.com/realestate.

There are many different ways to present the property for sale on eBay. If the realtor seeks to sell the estate at a fixed price instead of having the property go through an auction, he may request eBay to display a real estate listing in a format much like a local paper.

eBay’s Real Estate page has three selling formats. These are the auction, fixed price selling, and the traditional real estate listing.

For each of these selling formats, the "user" furnishes additional information regarding his or her property. Details may include lot size, number of bedrooms, number of bathrooms, type of property, year built, and other information. The auction listing period must also be specified, where the choices range from 1-, 3-, 5-, 7-, 10-, or 30-days, or a 30- or 90-day non-auction listing.

The eBay Real Estate website charges two types of fees for listing a property. There is a simple fee for listing the property and also a fee is based on the final amount of the property sale. The charge for a 1-, 3-, 5-, 7-, or 10-day auction listing is typically around $100. A 30-day auction listings cost about $150. A non-auction listing costs $150 for 30-day listing, and about $300 for a 90-day listing.

Fees for Timeshare property and land are usually slightly lower. The final fee amount for Timeshares and land is generally about $35.

Selling real estate on eBay is growing in popularity as the internet stretches it's outreach to more countries. Although nothing beats direct and personal inspection of property, the convenience of having eBay connect seller and potential buyer is definitely appreciated.

Bill Enross can help YOU start your own profitable business
on the Internet within the next 24 hours! Learn more...

Posted by auction at 04:44 PM | Comments (0)

November 20, 2005

A Beginner’s Guide to the Different eBay Auction Types

Over the years, eBay has introduced all sorts of different auction types, in an effort to give people more options when they buy and sell their things on eBay.

For every seller who doesn’t like the idea that their item might sell for a far lower price than they intend, there’s another who wants to shift hundreds of the same item quickly. eBay tries to cater to all tastes. This email gives you an overview of the different kinds of auctions and their advantages for you.

Normal Auctions.

These are the bread-and-butter of eBay, the auctions everyone knows: buyers bid, others outbid them, they bid again, and the winner gets the item. Simple.

Reserve Auctions.

Reserve auctions are for sellers who don’t want their items to sell for less than a certain price – a concept you’ll know about if you’re familiar with real auctions. They work just like normal auctions on eBay, except that the buyer will be told if their bid does not meet the reserve price you set, and they’ll need to bid again if they want the item. If no-one is willing to meet your price, then the auction is cancelled, and you keep the item.

Fixed Price (‘Buy it Now’) Auctions.

Buy it Now auctions can work in one of two ways. You can add a Buy it Now button to a normal auction, meaning that buyers can choose either to bid normally or to simply pay the asking price and avoid the whole bidding process. Some sellers, though, now cut out the auction process altogether and simply list all their items at fixed price. This lets you avoid all the complications of the auction format and simply list your items for how much you want them to sell for.

Recently, eBay added a twist to fixed price auctions: the ‘best offer’. This means that buyers can contact you to negotiate a price, which could be a good way to get sell some extra stock at a small discount. The only downside to reserve and fixed price auctions is that you pay a small extra fee to use these formats. In general, it is more worth using reserve auctions for higher-priced items and fixed price auctions for lower-priced ones – but remember that you can combine the two formats.

Multiple Item (‘Dutch’) Auctions.

These are auctions where you can sell more than one of a certain item. Dutch auctions can be done by bidding. Buyers bid a price and say how many items they want, and then everyone pays the lowest price that was bid by one of the winning bidders. If you have trouble getting your head around that, then don’t worry – everyone else does too! These auctions are very rare.

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What is more common is when a seller has a lot of one item, and lists it using a combination of two auction types: a multiple-item fixed price auction. This just means that you can just say how many of the item you they have, and offer them at a fixed price per unit. Buyers can enter how many they want and then just click Buy it Now to get them.

Now that you know about the different types of auctions, you should make sure that the items you plan to sell don’t violate eBay’s listing policies. The next email will let you know what’s allowed and what is a big no-no.

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Jason James is a 10 year Internet marketing veteran and an eBay Power Seller of 4 years. His website "The Auction Resource Network" reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.
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Posted by auction at 12:33 AM | Comments (0)

November 14, 2005

A Look at Third Party eBay Tools

Andale (www.andale.com).

Vendio (www.vendio.com).

ChannelAdvisor (www.channeladvisor.com).

And Many, Many More…

Posted by auction at 11:30 PM | Comments (0)

November 08, 2005

10 Tips for Increasing Your eBay Response

So you’ve got the buyer in front of your auction, and they’ve read the description. They’re must be interested, or they wouldn’t be looking… but just how can you push them over that line and make them leave a bid? Read on for some tips.

Improve your picture: In all that description writing, you might have missed the vital importance of your item’s picture. A picture with bad lighting or an intrusive background looks amateurish and won’t make anyone want to buy from you.

Add an About Me page: You’ll be surprised how much you can reassure bidders just by creating an About Me page and putting a little bit about yourself on your business on there. You can also have a few special offers there for people who bother to look at the page, and let people subscribe to your mailing list so that you can email them updates.

Use SquareTrade: Signing up at SquareTrade and displaying their logo on your auctions shows that you are committed to have them resolve any disputes that arise. You always see this on PowerSellers auctions – it makes you look more professional.

Write terms and conditions: Have the ‘small print’ clearly visible on all your auctions, giving details of things like shipping times and prices, your refund policy, and any other business practices you might have. This helps build confidence with buyers.

Show off your feedback: Copy and paste a selection of the feedback comments you’re most proud of to each item’s description page, instead of making bidders go and look for it. If you have 100% positive feedback, be sure to write that on every auction too.

Add NR to your titles: If you have extra space in a title, put ‘NR’ (no reserve) on the end. Bidders prefer auctions that don’t have a reserve price, and doing this lets them see that yours don’t.

Benefits not features: Make sure your description focuses on the benefits that your item can give to the customer, not just its features. This is a classic sales technique. If you have trouble with this, remember: ‘cheap’ is a feature, ‘save money’ is a benefit.

List more items: If you want more people to respond to your items, then list more items! You might find you have better like listing items at the same time, instead of one-by-one. There’s no need to use a Dutch auction – you can just keep two or three auctions going at once for an item you have more than one of in stock.

Accept unusual payment methods: To reach those last few buyers, accept payment methods that many sellers don’t, like cheques.

Buy some upgrades: The best upgrade is the most expensive one, which makes your item appear first in search results. In crowded categories, you might find that this is worth the money.

Once you’ve got some buyers, you want to keep them coming back to you. The next email will show you how to turn one-time buyers into long-term customers.

Posted by auction at 12:50 AM | Comments (0)

October 29, 2005

eBay marketplace fraud: How to fight it!

Did you realize that online auctions tops the National Consumer League's list of scams perpetrated online? Although the ebay marketplace has a wonderful track record of 99% honest transactions, you still need to be savvy to the sort of criminal activity that does happen within the ebay marketplace and stay clear of fraud from both an ebay seller and ebay buyers.

Below is a list of the top three offenses that happen within the ebay marketplace community.

1. Bid Shielding: This is when a pre-organized group of ebay bidders enter the ebay marketplace and team up to bid on a particular item, thus inflating the high bid to scare off real shoppers. At this point the lowest bidder (member of the scam) then has everyone else retract their bid and comes out winning the auction at at a dishonest low price. If you sense that bid shielding is going on within the ebay marketplace then report them immediately.

2. Descriptions are are totally misleading or photos that are obviously fake: This is an ebay marketplace sellers scam where the auctioneers falsely and unethically distort the description of the products they are selling. This criminal seller within the ebay marketplace will go as low as stealing photos from online and totally create a false product presentation. And when the buyer receives the shipment it is always a lesser classed product then was bought that does not match the auction.

3. Shilling of the Bids: This scam is perpetrated by the sellers of the ebay marketplace and is something that is hard to catch unless you were closely following the seller in question. Simply put, bid shilling is when a seller auctions off a product on the ebay marketplace and actually raises the bids himself in order to draw attention to it and have the price raised. How does one do this? They use multiple Ids or the enlist other separate bidders to enter the ebay marketplace and team up on the scam.

Posted by auction at 01:01 AM | Comments (0)

October 27, 2005

How to Use eBay's "Featured Gallery" Section

Which Picture Gallery?

This feature is there for buyers who prefer to work visually instead of by title - and there are a surprising number of them, especially if your items are being sold for their visual appeal.

What Happens When I'm Featured?

So How Do I Get a Featured Gallery Listing?

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Jason James is a 10 year Internet marketing veteran and an eBay Power Seller of 4 years. His website "The Auction Resource Network"reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.======================================

Posted by auction at 01:37 PM | Comments (0)

Top Ebay Business Secrets Revealed

Ten million-let me say that number again-over ten million people visited the Ebay website last month. With everything from online auctions to drop shipping opportunities, the Ebay business website has something for everyone. If you are thinking about joining in on the hysteria and trying to make your fortune with an Ebay business of your own, here are some of the best things you can do to maximize your chances for success.

Do Your Homework

To begin with, you want to know as much as possible about the items you plan on offering on the Ebay auctions. This not only helps you create more interesting descriptions, but it also helps when trying to answer the barrage of questions that inevitably fly at you from potential buyers. The more knowledgeable you appear, the more likely you are to make a sale!

You also need to know if there is actually a market out there for what you are planning to sell. While you might occasionally hear about some off-the-wall item commanding big money at auction, these are the exceptions and not something to base your Ebay business upon. Run a search on the item and see how many items for that keyword come up to get an idea about your potential market. Chances of success are poor if no one else is selling a similar item.

Keywords and Descriptions Will Make or Break You

People find their way to Ebay auctions by using keywords to find the items they want. Your listing will use keywords to draw people in to bid on your item. If you try employing a keyword that no one uses, then who will come to bid on your item?

There are websites out there that will allow you to type in a keyword and see how many people used that keyword in the past month. These sites are free and a great way to test the keyword you intend to use. Just go to any search engine and type in "free keyword selector tool" and a number of sites will come up offering help finding the perfect keyword to attract people to bid on your item.

Once you have the people coming in to look at your item you are going to need a great description in order to get them to actually bid. If you are not the best writer but are serious about succeeding with your Ebay business, you may want to consider hiring a freelance writer to compose stunning descriptions that will awe people into bidding on your item. But, by doing your homework, it is usually possible to write a great description simply by being knowledgeable about the item and simply conveying some of that knowledge in your description.

Post Items During "Hot Periods"

Anyone serious about succeeding with their Ebay business needs to know when to post items and when to hold onto them. Online auctions offering leather jackets in July may solicit a few bids but they will obviously be lower than they would be had the item been posted in late fall or early winter. If you have an odd item and are not sure what the best time would be to post it on Ebay auctions, try searching for the item on the Internet. Find out what the current buzz is or whether there is any for your item. Also, try finding other sellers on the Ebay business site offering the same item. If you find a lot of people selling the same item now, then clearly it is a good time to post. Timing can really make a difference in the final price you receive for your item.

Now there are of course other things you need to do if you want your Ebay business to succeed such as: post the item in the right category, make buying easy by offering a number of payment options, and keeping your shipping costs to a minimum. All of these are essentials to a successful Ebay business but are not likely to have the same effect upon your chances of success like the other ideas mentioned earlier.

There is no doubt that Ebay auctions are a great way to make some serious money. By doing your homework, using the right keywords and descriptions, and by posting during the hot periods for your items, you significantly increase the odds of your Ebay business succeeding and making all of your financial dreams a reality. So what are you waiting for?

Start doing your homework now!

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Jason James is a 10 year Internet marketing veteran and an eBay Power Seller of 4 years. His website "The Auction Resource Network"reveals his inside secrets, tips, and sources that help him pocket over $10,000 per month on eBay. His proven step-by-step system shows even users with little or no business experience how they too can make huge profits selling products at online auctions.

Posted by auction at 12:19 AM | Comments (0)

October 25, 2005

10 Tips for Being a Better Seller on eBay

If you’ve got this far, you’ve got the basics of eBay. There are a few things left, though, that you might not have thought of trying. Quite a few of these tips go against the advice many give for eBay selling – some are a little risky and some are just odd. They’re all worth a try, though, and I’m sure you’ll find at least some you want to keep using.

1. Keep more records. It might sound time consuming, but you’ll actually find it easier in the long run – less time spent trying to figure out which item that cheque you got this morning is for.

2. Post without payment. Don’t even wait for payment to clear! That might sound risky, but it’ll mean that the buyers get their items more quickly – for small items, you might find it worth the occasional loss to give such quick service.

3. Post every day. Once you start shifting a high volume of items, go and post them every day – again, they’ll get there more quickly, making your customers very happy. The best way to do this is if you have items small enough to drop in a postbox.

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Sidebar - Why not grab your free copy of the eBay Sellers
Guide available on the right side of this web page right now!
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4. Encourage an auction mentality. Don’t have a Buy it Now price, and make it very clear when it’s the last or only stock you’ll be getting in. Always refer to winning bidders as ‘winners’.

5. Mention every defect your item has. Now why would you do that, you might ask? The answer is that it builds credibility: the small hit you take from the slight flaws is nothing compared to the big boost in trust you get for admitting it. People bid more when they trust the seller.

6. Say how you got the item. Don’t be afraid to go off on a tangent and give all sorts of fun details of how you got hold of what you’re selling – it gives your auction character and, again, builds trust.

7. Accept odd payment methods. Sooner or later you’re going to get a buyer who wants to pay by sending cash in an envelope, or something equally unusual. Why not let them? Be flexible.

8. Don’t be afraid to sell low. Let the occasional item go for a really low price to a good buyer. You might only just break even on the item, but the person who got that bargain will be back again and again.

9. Give free shipping for a certain number of orders, or orders over a certain amount. People might buy something else they don’t want as much, just to get the free shipping. (Amazon use this strategy to great effect).

10. Ship worldwide. Take the time to investigate the prices, and be nice to international customers – imagine how much you’re expanding your market. That’s not to mention the effect of people bidding highly for items that are rare in their country.

Another way to make it easier is to be a better seller is to use some of the many third party eBay tools that are available. The next email will take a look at a selection of tools you might find useful.

Speaking of tools, check out this eBay resource I use daily.

Posted by auction at 01:23 PM | Comments (0)

October 17, 2005

10 Sure-fire Ways to Kill Your eBay Business

It’s surprisingly easy to kill your eBay business, if you’re not careful – sure, you can start over from scratch without it costing you anything, but do you really want to? Still, if you want your business to end up dead in the water, here are some simple ways to do it.

1. Lie about an item: Say it works fine when it sometimes doesn’t work. Say it’s in perfect condition when it has a scratch. Your customers will hate you!

2. Post whenever you feel like it: Make sure to leave your customers hanging around, wondering when their item is going to turn up. This makes sure they buy from someone else next time.

3. Let items end anytime: Few people will be around to care about your auction if it ends in the middle of the night. Why go to the trouble of working out whether auctions will end at a good time?

4. Don’t bother with email: Customers are just timewasters anyway. eBay businesses are supposed to run themselves! Never give informed responses to questions about your item.

4. Sell rubbish: Really, it’s just eBay. You can just sell any old tat from the market for a 200% profit. Let quality be someone else’s concern – I mean, really, what do they expect for that price?

5. Refuse to give discounts: You know what your items cost, you know what your profit margin is going to be, and you’re not going to negotiate. Remember that giving customers special deals might make them feel good and come back to you again.

6. Make your listings ugly: As many colours, flashing lights and animations as possible will really give those customers a headache. Write as much in CAPITALS!!!! as you can. Preferably big, red capitals. Be sure to use the fonts Impact and Comic Sans. For an extra special touch, see if you can figure out a way to add some music.

7. Don’t take photos: It’s such trouble, after all. If buyers are picky enough to actually want to see items before they bid on them, then screw ‘em, that’s what I say.

8. Write short descriptions: Be as brief as possible, and use lots of mysterious abbreviations. This obviously makes you look very cool. You can even just write the title again in the description box. Think of the effort you’ll save!

9. Use reserve auctions: Now, this is a fairly controversial final choice, but it really is one of the best ways to scare away your customers. They’ll see ‘reserve not yet met’, and click that ‘back’ button before you know it. Luckily, they can always bid in a normal auction for the item somewhere else.

10. Now that you know the ten ways to kill your eBay business, how about we explore what to do if you want to do the opposite, and make a success of it? The next email will give you ten steps to successful selling on eBay.

Posted by auction at 07:07 AM | Comments (0)

October 08, 2005

10 Steps to Successful Selling on eBay

So you want to be a successful seller with your own eBay business, do you? Here’s a simple, ten-step path to eBay enlightenment.

Step 1: Identify your market. Take a while to sit and watch for what sells and what doesn’t out of the items you’re interested in. Any market research data you can collect will be very useful to you later on. You’ll probably see the ‘sweet spots’ quite quickly – those one or two items that always seem to sell for a good price.

Step 2: Watch the eBay competition. Before you invest any money, see what the other sellers in your category are up to, and what their strategies are. Pay special attention to any flaws their auctions might have, because this is where you can move in and beat them at their own game.

Step 3: Find a product: Get hold of a supplier for whatever it is you want to sell, and see what the best rates you can get are – don’t be afraid to ring round quite a few to get the best deal. If the eBay prices you’ve seen are higher than the supplier’s, then you’re set.

Step 4: Start small: Don’t throw thousands at your idea straight away – get started slowly, see what works and what doesn’t, and learn as you go. Remember that it’s very cheap to try out even the craziest ideas on eBay, and who knows, they might just work!

Step 5: Test and repeat. Keep trying different strategies until you find something that works, and then don’t be ashamed to keep doing it, again and again. The chances are that you’ve just found a good niche.

Step 6: Work out a business plan: A business plan doesn’t need to be anything formal, just a few pages that outline the market opportunity you’ve spotted, your strategy, strengths and weaknesses of the plan and a brief budget. This is more for you than it is for anyone else.

Step 7: Invest and expand: This is the time to throw money at the problem. Buy inventory, and start spending more time on your business. Set a goal number of sales each week, increasing it each time.

Step 8: Make it official: Once you’ve made a few thousand dollars worth of sales, you should really register yourself as a business. Don’t worry, it’s not expensive or hard to do – a lawyer is the best person to help you through the process.

Step 9: Automate: You’ll probably find that you’re writing the same things again and again in emails or item descriptions. This is the time to give up on the manual method and turn to automated software that can create listings for you, and respond to completed auctions and payments with whatever message you provide.

Step 10: Never give up: Even when it looks like it’s all going wrong, don’t stop trying until you succeed. If you keep working at it then you’ll almost always find that you make a real breakthrough just when things are starting to look desperate.

Once you get into the swing of things, you might start thinking that you should quit your job and take up eBay selling part time. But it’s not always as easy as that – there are all sorts of factors that you need to consider. The next email will weigh up the case for and against taking up eBay full-time.

Bill Enross
OnlineAuctionCode.com

Posted by auction at 09:29 AM | Comments (0)

October 03, 2005

10 Great Ways to Source Low Cost Products for eBay

So you’re having trouble finding stock cheaply enough to sell on eBay for a good profit? Well, you’ve come to the right place.

Garage sales. The chances are you’ve gone most of your life seeing ads for these and ignoring them. Start going to as many as you can. You won’t find good things at every one, but when you find one person with good stuff, make them an offer for the lot – they’ll be so happy about it that you can get a real bargain.

Markets. If your area has a market, then go there and look around for anything good. You could buy it there if it’s cheap enough, or try to make friends with the market traders and find out who their suppliers are.

Pawn shops. Pawn shops don’t usually know what to do with the junk they accumulate (unless it’s jewellery, of course). Generally, they put their stock out on the shelves haphazardly, hoping that someday someone with a little money will just happen to come in, search around and buy wildly obscure things. Get them to offer you a discount for bulk.

Real auctions. Go to a real auction, as the chances are that you can resell things for more than they will sell them. After all, they only have a few hundred people in that room – you have a few million to sell to!

Local newspapers. Place an ad in the local paper that reads “I pay cash for [your item type]”, with your phone number. If you can afford it, make it a big display ad, so it’ll be noticed.

Ad boards. Get one of those little ads in the grocery store.

Friends. Ask your friends if they have anything they’d like to sell you, and ask them to spread the word to their friends.

Become known. Give out business cards, mention to people what you do. The chances are that you’ll come across someone who’ll say “Oh, really? I’ve got a load of [item] I don’t want”.

Shops. This might be a little surprising, but some real shops even sell things more cheaply than they sell on eBay. Take a look around your local deep discounter, and pay special attention to any shop that takes trade-ins from customers. The chances are they take a loss on trade-ins as a promotion, and are dying to get rid of that stock.

And finally: eBay! When you’re looking at the completed items view, you’ll notice the massive range of prices that items can sell for on eBay. Try taking the highest-priced item and searching for it on its own, then sort by lowest price first: I can almost guarantee that you’ll see an auction for the same item where it sold for almost nothing. The trick is to find these flawed auctions before they close, win them using a bid sniping service, and then turn around and resell the item.

After all that trouble, though, when do sell the item you might find that a buyer leaves you a feedback rating you just don’t think is fair. The next email will show you what to do about it.

Posted by auction at 10:20 PM | Comments (0)

September 25, 2005

Posting Your First eBay Auction

5 Simple Steps to Posting Your First eBay Auction.

It’s surprisingly simple to get started posting your very first auction on eBay. Here’s what you need to do.

Step 1: Open an eBay seller’s account.

If you’ve bought things on eBay, then you already have an account – just log in with it and click ‘Sell’ in the toolbar at the top of the page, then click ‘Create a seller’s account’. If you’ve never used eBay before, then you’ll need to open an account first using the ‘register’ link underneath the toolbar, and then click ‘Sell’ and ‘Create a seller’s account’. The eBay site will then guide you through the process. For security, this may involve giving card details and bank information.

Step 2: Decide what to sell.

For your first little experiment with eBay, it doesn’t really matter what you sell. Take a look around the room you’re in – I’m sure there’s something in there that you’re not all that attached to and could put in the post. Small books and CDs are ideal first items.

Step 3: Submit your item.

Click ‘Sell’, and you’re on your way to listing your item.

The first thing you need to do is choose a category – it’s best to just type in what the item is and let eBay choose for you. Next, write a title and description. Include key words you think people will search for in the title box, and all the information you have about the item in the description box.

Now set a starting price. $0.01 is the best starting price, as it draws people in to bid who otherwise wouldn’t, and items will almost never finish at such a low price. The next thing to set is the duration of the auction: 3, 5, 7 or 10 days. This is up to you: longer sales will usually get more bids, but will also seem to drag on forever. If you’ve taken a picture, add it now – items with pictures always sell for more. Finally, tick the payment methods you will accept (just PayPal is best for now), and where you will post to (limit yourself to your own country to begin with). Submit and you’re done!

Step 4: Wait for it to sell.

This is just a matter of sitting back and letting eBay do its thing – buyers will find your item and leave bids on it. Some bidders might email you with questions about the item, and you should do your best to answer these questions as quickly as you can.

Remember that if your item doesn’t sell then you can list it again for free.

Step 5: Collect payment and post it.

eBay will sent your buyer emails guiding them through the process of sending you payment for the item. Make sure you have the money before you send anything.

Once you’ve got the payment, all you need to do is pack the item for posting (make sure to use some bubble wrap), take the buyer’s address from the confirmation email eBay sent you, and write it on the parcel. Put some stamps on, post it, and you’re done!

I hope you enjoyed selling your first item. Now that you’re starting to get into it, the next email will give you a checklist of things you need to do to be a successful seller.

Learn the secrets of earning BIG money on eBay, become an eBay Mastermind

Posted by auction at 10:34 PM | Comments (0)

February 2008
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eBay Explained : How To Buy And Sell On eBay

February 23, 2008

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May 23, 2006

An eBay Seller’s Checklist

May 21, 2006

A Look at Third Party eBay Tools.

February 26, 2006

eBay Coupons

February 20, 2006

How to Value Your Collectable Items

February 08, 2006

Keeping records of your Ebay business: Part 2

February 07, 2006

Keeping records of your Ebay business: Part 1

February 06, 2006

Keeping records of your Ebay business: Part 4

December 29, 2005

Estimating an Item’s Value for Sale on eBay

December 26, 2005

Spotting Fakes and Frauds on eBay

December 23, 2005

Selling Children's Items on Ebay

December 18, 2005

How to Use eBay's "Featured Gallery" Section

December 17, 2005

The Seller’s Dilemma on eBay

December 13, 2005

The eBay Blacklist

December 06, 2005

Selling Real Estate on eBay

November 20, 2005

A Beginner’s Guide to the Different eBay Auction Types

November 14, 2005

A Look at Third Party eBay Tools

November 08, 2005

10 Tips for Increasing Your eBay Response

October 29, 2005

eBay marketplace fraud: How to fight it!

October 27, 2005

How to Use eBay's "Featured Gallery" Section

Top Ebay Business Secrets Revealed

October 25, 2005

10 Tips for Being a Better Seller on eBay

October 17, 2005

10 Sure-fire Ways to Kill Your eBay Business

October 08, 2005

10 Steps to Successful Selling on eBay

October 03, 2005

10 Great Ways to Source Low Cost Products for eBay

September 25, 2005

Posting Your First eBay Auction

Find It On eBay

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