How To Increase eBay Profits

Some sell on eBay to clean out their garage or attic. Some sell to make a little extra money here and there. But for some, eBay represents a chance to create a second income or start a home business. Product choice is important. But to really increase profit you must know how to increase the number and amount of bids per item. An eBay seller must maximize each product's profit margin. This article describes techniques to make as much profit as possible.

1. Sell like products at the same time. Bidders look to see what else you have for sale they might be interested in. Combined shipping saves postage for the buyer. Packing in the same box saves time and packing costs for the seller.

2. Bundle a less desirable item with a more desirable item increases sales. This is an old offline auction technique. If the bidder wants the better item he has to buy both. If two sellers offer the same item, the buyer bids on the two item auction. Bundling two low cost items together also increases bids. A buyer may not be willing to pay shipping for one item, but would for two.

3. Remember seasonal issues. Don't sell snow skis in July, water skis in January. Be sure to offer seasonal items early enough to allow for shipping. Don't expect to sell many Christmas items that must be shipped during the second week of December.

4. Understand profit margins. Don't buy to resell for only a $5 profit when you can make $20 on a different item. Determine your desired monthly income and choose products appropriately. Want to make 1000 a month? That is $250 a week. That's ten successful actions at $25.00 profit, or five items at $200 a month, or ten items at $100 each. Also packing 10 items takes less time than packing 20 items. Always consider time as a cost.

5. Don't forget back end sales and secondary products. Offer similar products during the payment process or on your auction store/web site. If you sell underground fences for dogs, an up-sell item is a customized collar. A secondary product could be a pet door. Another secondary product could be a ebook on "Travel Safely With Your Pet". A back-end sale to the ebook could be a item that helps your family travel safely with your pet.

6. The List - For many successful online sellers the mailing list is where their money is made. Using a autoresponder, sellers automatically email customers on their list at regular intervals. Including content with announcements of upcoming sales increases back end sales. Once a customer buys, they are more likely to buy again from same person or company.

7. Customer demographics should be considered. Collectors have expectations non-collectors don't. Example, some book buyers that are allergic like to see "book from non-smoking home" in ad. This would earn you a higher bid. What does the customer expect to see in a description?

8. Auction terms and conditions should be included with each auction. What shipping options are available? Do you take questions? Do you ship only certain days? What kind of payments do you take? Type whatever standard terms you offer in a word processor and cut and paste into your auctions. This saves time. For some sellers, typing the content for each auction is one of the most time consuming tasks.

Profit involves keeping costs reasonably low and creating higher bids. We've described some techniques for increasing profit. Sit down and mentally run through the process of auction selling and come up with some of your own ideas. EBay is a great business opportunity but like any business, sellers must be wise in their product choice and sales techniques.

Author info: L. C. Peterson is a writer and web marketing consultant. Her sites include http://www.new2auctions.com, http://www.LCPeterson.com, and http://www.publishingebooks.com. For more information on online marketing, content and ebook creation and online auctions take a look.

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The Arkansas International Silent Auction With Live Music by Allison Williams  University of Arkansas NewswireThe Arkansas International, the biannual literary magazine of the Program in Creative Writing and Translation, will host a benefit concert and silent auction from ...
HKEX clearing head talks margin and auctions post-Nasdaq  Risk.netDerivatives clearing is one of the pillars of post-2008 financial reform, yet the default of a lone operator on a regional commodities market in northern Europe has ...
Auction clearance rate holds above 50%  NEWS.com.auProperty auctions increased over the weekend heading into the Easter slowdown, but they remain significantly below this time last year.
US Treasury yields tick higher as investors await economic data, auctions  CNBCLong-term U.S. government debt yields snapped their recent streak of declines Tuesday following a steep fall over the past week.
Slash’s Top Hats, Guitar Case, MTV Moonman Highlight Ex-Wife’s ‘Uncoupling Auction’  Rolling StoneIconic items from Slash's Guns N' Roses tenure – including the guitarist's top hat, coffin-shaped guitar case and his 1988 MTV Video Music Award for Best New ...
Auction news: 166 Auction anniversary; Alliance Auto Auction helps charity  Auto RemarketingFounded by Melvin Reid in 1949, 166 Auto Auction in Springfield is still located on the original property where Reid and his team began selling dealer ...
There was strong bidding at the latest Auckland apartment auctions but prices on those that sold were all below their Rating Valuations  Interest.co.nzBidding was surprisingly strong at the latest Auckland apartment auctions, given how weak the overall market in Auckland is at the moment. At the City Sales ...
Mystery Owner Auctions $26 Million of Wines in Hong Kong  BloombergQuint(Bloomberg) -- A wine collection of almost 17,000 bottles from a single cellar -- including grand cru Burgundies and first-growth Bordeaux -- is expected to bring ...
Online luxury real estate auctions aim to shake up sales  BNNBloomberg.caAn online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales ...
Bonhams' Upcoming Auction to Feature Rare Dogon or Tellem Couple | Artinfo  BLOUIN ARTINFOSuperb And Rare Dogon or Tellem Couple, Mali gets a top lot at Bonhams' upcoming auction, “African and Oceanic Art” that will take place on May 13, 2019, ...
India To Auction Transmission Projects Worth $5 Billion To Support RE Expansion  CleanTechnicaTo ensure that the rapidly expanding renewable energy capacity and planned auctions of large-scale solar and wind energy projects have the adequate ...
NCC to host Iron Chef, auction April 27  SouthCoastToday.comEvery other year, the tables in Fellowship Hall fill with excited guests at the Little Yellow Church in North Middleboro. The anticipation builds as the competitors ...
'Under stress': One in five auctions pulled  The Australian Financial ReviewHomeowners in Sydney are increasingly withdrawing properties before the big auction day while in Melbourne, homes are selling for prices below their ...
Coombs farm auction returns April 28  Parksville Qualicum Beach NewsThe Coombs Farmers' Institute (CFI) hosts the Annual Spring Farm Auction on Sunday, April 28 at the Coombs Fair Grounds (1014 Ford Rd.). This marks the ...
A special auction  Deccan HeraldEighteen years after his death, Vasudeo Santu Gaitonde (1924-2001), one of India's modern masters, must have turned in his grave. On March 26, 2019, one of ...
Texas ‘Castle’ Heads to Auction  Mansion GlobalA European castle-style home outside of Dallas will go under the hammer at the end of April with a $2.5 million reserve. Located in Southlake, Texas, the home ...
Mock Auctions. Pretending to Flee Captors. Do Simulations Have a Place in Lessons on Slavery?  Education WeekThe same education story makes headlines time and again: In search of an engaging or memorable history lesson, a teacher decides to do a slavery simulation.
IPL 2019: Yuvraj Singh Deserved More Money During the Auction – Gautam Gambhir  Cricket AddictorKings XI Punjab (KXIP) decided not to retain veteran all-rounder Yuvraj Singh ahead of the 2019 Indian Premier League (IPL) auctions.
Sold: Mystery Owner Nets $30 Million for Wine Stash  BloombergA wine collection of almost 17000 bottles from a single cellar -- including grand cru Burgundies and first-growth Bordeaux -- has sold for $29.8 million at auction, ...
Most MISO zones clear planning auction at $2.99/MW-day  Utility DiveMost zones in the Midcontinent ISO cleared a recent annual capacity auction at $2.99/MW-day, according to a report on the 2019/2020 Planning Resource ...
Tipu Sultan’s silver-mounted gun fetches £60,000 at UK auction  The HinduA collection of rare artefacts discovered by a couple after years of lying wrapped up in their attic in the English county of Berkshire and evaluated as items from ...
Spring 2019 Baltimore auction totals over $21 million  Numismatic NewsThe Stack's Bowers Galleries Official Auction of the Whitman Coin & Collectibles Spring Expo gathered collectors from all over the country to Baltimore's Inner ...
FCC announces 5G spectrum auction and $20 billion investment for rural broadband access  TechSpotForward-looking: The race for 5G is on and America certainly doesn't want to be left behind. The FCC and President Trump announced two proposals: A ...
Former village school still up for grabs after recent auction  Nottinghamshire LiveDespite being described as a "unique and rare opportunity" a former school in a historic Derbyshire village is still up for sale, after failing to be snapped up at ...

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