eBay Gold

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.

I discovered Ebay way back in 1998. At first, I was strictly a buyer. I was amazed at the thousands of items that could be found on Ebay. Just about anything you can imagine can be found on Ebay. And there were more incredible bargains to be found than at any other ecommerce website or brick and mortar store I had ever visited. After about six months or so of buying, I began selling items on Ebay. I had an extensive collection of unbuilt as well as built plastic model cars. I began placing the models on Ebay with starting bids of $5.00 and no reserve. To my surprise, people started jumping all over these model kits. Some of them sold for as high as $70.00. It was at this time that I realized the enormous money making potential of Ebay. The key to being a successful seller on Ebay is selling items that people want. There are a number of ebooks on Internet auctions that tell of the importance of a great headline and a killer ad for your auction. While this is true, it is also important to remember that the best ad in the world will never sell an item that no one wants. The items that do well on Ebay are unique or interesting items. Antiques, pottery, collectables and high-end apparel are just a few of the items that will bring high bids on Ebay. If you can easily find the item at Wal-Mart, chances are it will not do well on Ebay.

There are a number of wholesalers around the country that you can buy merchandise from to sell on Ebay. But before you buy, do your homework. It's very tempting to buy a bunch of electronic widgets that sell for $2.00 a piece. You might think you can buy 20 of the $2.00 widgets and then sell them for $12.00 a piece on Ebay and make a killing. Unfortunately, you discover that no one is bidding on your widgets despite the fact that you have started the bidding at a mere $6.00. In fact, there are very few people that are even viewing your auctions. The end result is you are now stuck with 20 widgets that no one wants. The first mistake here was not doing a search of widgets on Ebay to find out if they're hot or not. The second mistake was trying to sell an electronic item. Yes, I know there is a huge market for electronic gadgets. That's the problem; the market is too huge. It is already saturated. How many times a day are you bombarded with offers for the latest and greatest cell phone or digital camera? If you try to sell in this market on Ebay, you're encroaching on Best Buy's turf, which means you'll be smashed like a bug. On the other hand, how many offers do you receive for NASCAR collectibles or Gucci shoes? Or how about die cast models? These are the hot items on Ebay. These are in demand items and more importantly you can sell these items without competing against Wal-Mart and Best Buy.

If you're new to Ebay, the first thing you need to do is to build positive feedback. Feedback is vital to your success on Ebay. Potential buyers will read your feedback in order to determine if you're an honest seller. If you have high numbers of negative feedback, many buyers will look elsewhere. Take a look at some of the Ebay Power Sellers feedback. Many of them have feedback in the thousands with a rating of over 99% positive. It's no secret how these Power Sellers became successful on Ebay. They take care of their customers. This means they'll have plenty of repeat business.

When you first sign up with Ebay, you'll have zero feedback. Most buyers will shy away from an Ebay newbie with zero or very low feedback. Start building your feedback rating by selling personal items from around the house that you no longer want. This is a good way to get the feel of using Ebay and to build positive feedback. You should invest in a good digital camera. Good clear pictures are an important selling feature on Ebay. Remember to describe your items accurately and honestly. Do not try to trick or deceive buyers in any way. You can't afford receiving negative feedback this early in the game.

I came across a perfect example of a deceptive seller on Ebay a while back. The seller had sold a pair of slightly used shocks for a 2003 Chevy pickup. He used Ebay's Buy-It-Now feature to sell the shocks for just one cent. Wow! What an incredible deal! But wait a minute. The unwary buyer forgot to read the entire auction. The shipping charges were a whopping 60 bucks! The result was a pissed off buyer and negative feedback for the seller. This was an obvious attempt on the part of the seller to make money on the shipping costs. He was banking on the fact that the buyer would not read the entire auction and would simply assume the shipping charges would be reasonable. Do not use deception in your auctions or try to make money on shipping costs. If you treat your customers the way you expect to be treated you will never go wrong and you'll be well on your way to building a reputation as an honest top-notch seller.

If you happen to get a few non-paying bidders, resist the temptation to leave negative feedback for these individuals. Leaving negative feedback will only result in possible retaliation by the non-paying bidder and negative feedback for you. Once again, you do not want any negative feedback this early in the game. Buying items off of Ebay is another great way to build positive feedback. When you win an auction, pay for the item promptly. The result will be positive feedback for you. Most buyers will not care whether your feedback came as a result of buying or selling as long as it's positive.

After you've built a feedback rating of least 25, you'll be ready to start purchasing wholesale merchandise to sell on Ebay. Remember what I said about doing your homework before buying merchandise. If you have your eye on a particular item you think might sell on Ebay, first do a search of that item on Ebay to find out what people are bidding if anything on the item. If it looks hot, at least 7 or 8 bids, then it's probably a good bet. If it doesn't appear to be getting many bids, you should steer clear. You can also do an advanced search for auctions that have already ended. It's a great way to find out the final bid price for a particular item. A few extra minutes of research can save you from a giant headache down the road.

About The Author

Are You Tired of the scams and the get-rich-quick schemes? Greg Hayes is founding editor of http://www.mammothprofits.com/. Mammothprofits is the website devoted to helping others filter out the scams and become successful in a home based business.

[email protected]

In The News:

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Police to Auction Off an Inmate’s Designer Sneakers  The New York TimesThe police in Gloucestershire, England, will use the proceeds from the sale of 55 pairs of shoes to fund crime prevention initiatives.
Zero Bids on Uptown Theatre in Final Days of Auction  businessjournaldaily.comYOUNGSTOWN, Ohio -- With just two days left on the auction of the former Uptown Theatre, auctioneers are still waiting for the first bid.
Bling galore and stunning gifts in final jewellery auctions of the season  The Irish TimesRare books and fine furniture also on offer in auctions countrywide.
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The Machine That Drives the Auction World  The New York TimesA blockbuster week of sales backed by third-party guarantees reassures the art world that the market is humming, if not booming.
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Pearl Harbor museum auctions adventures  AOPA PilotDecember 5, 2018 By Jim Moore. A helicopter journey from Seattle to Oshkosh, Wisconsin, for EAA AirVenture and upset recovery training in jets are among the ...
IPL Auction to be Held in Jaipur on December 18  News18The player auction for the 12th edition of the Indian Premier League will be held in Jaipur on December 18, the Board of Control for Cricket in India confirmed.
Qualcomm upbeat on 5G deployments in India, calls for early airwaves auction  Economic TimesHAWAII: US chipmaker Qualcomm is upbeat on the upcoming 5G rollouts in India and has made a strong pitch for an early auction of airwaves, especially in ...
The Car Auctions Are Getting Into the Era of Rad  JalopnikLook out, Bring A Trailer: there's a new (well, old) kid on the block ready to sell the over-moneyed masses their next pristinely kept Nissan 300ZX. RM Sotheby's ...
Henzel Studio Auctions Carpets by Established Artists  Architectural DigestHenzel Studio is bringing its colorful creations to a new venue. Known for punchy handwoven styles (of which Robert Downey Jr. is a fan) and collaborations ...
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U.S. house-auction firm enters the Vancouver market  The Globe and MailAurelia Isidoro, who lives in New Jersey, was happy when her real estate auction firm decided to move into the Vancouver market. She'd visited the B.C. Lower ...
‘Hamilton’-Themed Travel Experience Up for Auction  Barron'sCharitybuzz, a leading auction site that institutions use for fundraising, and private jet company Flexjet have partnered to offer fans of the Broadway musical ...
Loan squeeze sparks call for six-week auction campaigns  The Australian Financial ReviewHome loans are taking so long to approve that the typical four-week sales campaign is now too short and should be extended, says a leading property market ...
IPL Auction: 5 Unsold Stars From 2018 Who Could Attract Big Bids  The Quint2019 IPL Auction: 5 players who went unsold in the 2018 IPL auction but could attract a bidding war this time around. The IPL auction is in Jaipur on 18 ...
Overall sales clearance rate of 29% of Barfoot & Thompson's auctions last week on 180 residential properties marketed for sale  Interest.co.nzActivity remained remarkably steady in Barfoot & Thompson's auction rooms last week, with the real estate agency marketing 180 residential properties for sale ...
EBTH auctions Reds memorabilia - Cincinnati Business Courier  Cincinnati Business CourierCincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of Reds history.
Car used by LeBron James as high school senior going to auction  ESPNThe 2003 Hummer H2 used by LeBron James as a high school senior will hit the auction block and is expected to fetch over $100000.
EBTH auctions off historic Reds memorabilia  WKRC TV CincinnatiCINCINNATI (Cincinnati Business Courier) - Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of ...
5 players CSK could target in the IPL auction  SportskeedaThe Chennai Super Kings are one of the most consistent and dominant teams not just in the IPL but across the franchise cricket in the entire the world.
Online Auction Tips for Beginners  Market Business NewsThis article has some useful online auction tips for beginners. You should set a maximum bid, chose low-attended auctions, and avoid setting round amounts.
Looks Like the Kids Aren’t Going to College After All: Luke Skywalker’s Lightsaber Is Up for Auction  VultureHollywood auction house in Profiles In History is putting Luke Skywalker's lightsaber from Star Wars: Episode IV – A New Hope up for auction.
Gazprom Export's electronic auction gas sales hit 10-week high  S&P Global PlattsRussia's Gazprom Export sold the biggest daily volume in 10 weeks on its Electronic Sales Platform (ESP) on Tuesday, with total sales reaching 88 million cu m.
5 Things to Know About Heritage Auctions  Hong Kong TatlerFind out the 5 facts about Heritage Auctions, the world's largest collectibles auctioneer.
Auction Houses Set the Stage for Design Pieces  Barron'sTiffany table lamps, Harry Bertoia's sculptures, and Wendell Castle's art furniture will highlight this season's design sales from the three major auction houses, ...
The 10 Bangladesh players registered for IPL auctions  The Daily StarThe 2019 IPL players auctions is set to take place on December 18 and Bangladesh Cricket Board (BCB) registered the names of 10 Bangladesh cricketers who ...
Shape of EU carbon market unclear after UK axes auctions  Financial TimesEurope's carbon market faces an uncertain few weeks over whether the UK, one of its biggest participants, will continue in its flagship system to curb pollution on ...
SBI mega e-auction on 10 Dec: 1,000 residential, commercial properties on sale; key things to know  The Financial ExpressFor those looking to buy affordable residential or commercial property having the least chances of fraud and without any legal hassle, a good opportunity has ...
Landmark Sonrise sign goes up for auction  The State Journal-RegisterIt looks like sunset for the Sonrise Donut neon sign that has welcomed visitors along one of Springfield's original stretches of Route 66 for nearly seven decades.
IPL 2019 Auctions: 5 players who can start a bidding war  SportskeedaThe IPL teams have completed the process to retain their players for the 2019 season, throwing up some interesting surprises with the list of retained and ...
Auction Alliance’s Rael Levitt returns to property arena  Business DayRael Levitt, who has not been seen in real estate since 2012 when he fought with one of the country's wealthiest women, Wendy Appelbaum, has co-founded a ...
Record prices set for Rolex and Patek Philippe at Geneva watch auctions  British GQA record result for Phillips was just one of the outcomes for collectors and consigners alike at the latest installment of the Geneva watch auctions with, ...
ITBOA Hosting Online Auction | TDN  Thoroughbred Daily NewsThe Iowa Thoroughbred Breeders and Owners Association is currently conducting an online auction of seasons to more than 180 stallions from 16 states.
A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520  CNNThis photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week.
IPL 2019: Yuvraj, McCullum, Malinga Among 346 Names Shortlisted For Auction  News18From 1003 cricketers that had initially registered themselves for the 2019 IPL Auction, 346 cricketers, inclusive of 226 Indians, have been shortlisted for the ...
2018 charity auction raises over £70000  Jersey Evening PostTHE 2018 Jersey Christmas Appeal raised more than £70000 after some of the best star lots ever received went under the hammer.
Unclaimed items up for auction in Phoenix | Arizona News  AZFamilyThe Arizona Department of Revenue will be auctioning off unclaimed items from inactive safe deposit boxes.
Auction Report: The Rolex Ref. 6062 'Dark Star' Is The Coolest Watch Of This Week's New York Auctions  HODINKEEChristie's is selling this unbelievable triple calendar for the second time – and the results will be very interesting.
Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here's Why  FortuneThe 5G airwave license auction got off to a slow start, as few bidders offered the Federal Communications Commission much for the spectrum.
Queen Elizabeth's Favorite Childhood Doll Is Up for Auction — See the Rare Toy!  PEOPLE.comItems from Queen Elizabeth's childhood and Princess Diana's clothes are part of Kerry Taylor Auctions' "Passion For Fashion" Auction.
Historic Madeira bottling fetches nearly $16,000 at auction - Decanter  decanter.comSale took place during a Madeira auction held by Christie's in New York and including a cache of historic wines found in the cellars of Liberty Hall Museum.
Online auction of used government equipment recoups millions every year  Global NewsYou could call it G-Bay, the federal government's auction of surplus goods. Stuff like old printers and vehicles purchased for emissions tests. Mike Le Couteur ...
Classic L88 Chevrolet Corvettes Head to Auction, Hammer Price Expected to Surpass $1 Million  The DriveTwo extremely rare L88 Chevrolet Corvettes are on their way to auction with Mecum in January. These two examples are being sold as a pair and could pull in ...
6 questions about tax foreclosure auction Wayne County needs to answer  Detroit Free PressTo fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem.
Anger as Durban car auction reserved for township blacks only | Sunday Tribune  Independent OnlineCar auction excludes Indian and Coloured bidders who were also historically disadvantaged during Apartheid.
Seized, lost Perth Airport items go to auction  The West AustralianEver wondered what happens to the items confiscated from Perth Airport passengers?
Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction  USA TODAYThe private treasures of Frank Sinatra and his wife, Barbara, were a multimillion-dollar hit at auction.
Tom Brady tops auction bids for 'My Cause, My Cleats' - NFL Nation- ESPN  ESPNThe auction bidding for the shoes Tom Brady wore against the Vikings is significantly higher than the cleats for other players.
Brisbane auctions: Is this the ultimate family home?  Domain NewsA renovated Queenslander perched on the hill at Hamilton will go under the hammer this weekend, and it\'s likely to be the house of many people\'s dreams.
Karl Marx Capital contract makes a mint at Paris auction  The News InternationalParis: A contract signed by Karl Marx for the publication of the French version of "Capital", his ground-breaking study of capitalism, sold at auction in Paris for a ...
Castle-like Bluffton mansion listed for $9M will be sold ... in Hong Kong. Here's why  The Island PacketA castle-like mansion listed for sale for $9 million in Bluffton, South Carolina, will have a new owner in December after an auction in Hong Kong. The realty firm ...
Hybrid tender will see reverse auction among two bidders  Economic TimesNEW DELHI: The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy ...
Top quality – Thirsk Farmers Auction Mart leads the way  The Northern EchoSPONSORED *CONTENT*.
Man auctions daughter as child bride on Facebook, gets 500 cows, 3 cars, $10,000  WCBD News 2(WFLA/CNN) - A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride.
Tom Brady currently leading 'My Cause, My Cleats' auction by a lot  WEEIThis is the final week of the NFL's "My Cause, My Cleats" campaign where players can wear special cleats to show support for their favorite charities. After, the ...
MLB auction offers once-in-a-lifetime experiences  MLB.comLAS VEGAS -- In what has become an annual tradition, Major League Baseball and its 30 clubs have organized a charity auction during the Winter Meetings, the ...
Coins, silver and baseball cards up for ADOR auction on Friday  KTAR.comThe Arizona Department of Revenue will hold a public auction Friday of unclaimed property from safe deposit boxes.
The Biggest Winner of Auction Week and 12 Other Takeaways From New York’s $2 Billion Sales  artnet NewsFrom the biggest winner to the most surprising pass, here are our parting observations from last week's auction marathon. artnet News, November 20, 2018.
'Friday Night Lights' TV series props up for auction online  Chron.comThis week the online auction house Screenbid posted nearly 300 props from the TV show "Friday Night Lights" onto its website and most of the prices are ...

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